When does the "The Fall and Fall of Bitcoin" or, the empire striking back, come out
If the price goes back up then maybe we'll get "The Return of the Bitcoin Miner" for all of us who stopped mining because we're losing money.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21800. (Read 26608317 times)
May 05, 2015, 09:52:17 AM
Just watched "The Rise and Rise of Bitcoin" free on Amazon Prime.
When does the "The Fall and Fall of Bitcoin" or, the empire striking back, come out
If the price goes back up then maybe we'll get "The Return of the Bitcoin Miner" for all of us who stopped mining because we're losing money.
When does the "The Fall and Fall of Bitcoin" or, the empire striking back, come out
If the price goes back up then maybe we'll get "The Return of the Bitcoin Miner" for all of us who stopped mining because we're losing money.
May 05, 2015, 09:51:24 AM
where is dev
May 05, 2015, 09:48:23 AM
I think to see full details and without the 15 min delay you'll have to pay for access.
This should be an interesting week as this develops, I had hoped this would have been last week but I'd obviously underestimated how long it takes to get shares through the process it takes to put them up with an Ask price.
However consider that BIT is limited to "high net worth" investors and if I was someone with a long term interest in holding say 10,000 already matured shares as a small % over my portfolio I would be tempted to :
1) Buy 10,000 new shares at the current market rate (1,000 BTC x $235 = $235,000)
2) Sell 10,000 matured shares at the best GBTC rate I can get (say avg. 10,000 shares x $40 = $400,000)
3) Bank Profit ($165,000)
4) Hold the 10,000 new shares for 1 year (again)
This assumes anyone investing has money in the bank they can spend immediately and they don't need to wait to sell their existing shares before they buy new shares.
This should be an interesting week as this develops, I had hoped this would have been last week but I'd obviously underestimated how long it takes to get shares through the process it takes to put them up with an Ask price.
However consider that BIT is limited to "high net worth" investors and if I was someone with a long term interest in holding say 10,000 already matured shares as a small % over my portfolio I would be tempted to :
1) Buy 10,000 new shares at the current market rate (1,000 BTC x $235 = $235,000)
2) Sell 10,000 matured shares at the best GBTC rate I can get (say avg. 10,000 shares x $40 = $400,000)
3) Bank Profit ($165,000)
4) Hold the 10,000 new shares for 1 year (again)
This assumes anyone investing has money in the bank they can spend immediately and they don't need to wait to sell their existing shares before they buy new shares.
Your last assumption is not necessary. Just switch 1) and 2)
May 05, 2015, 09:45:15 AM
the market is more opaque than ever. now we have two different price finding mechanisms!
i have no idea what to make of it.
i have no idea what to make of it.
May 05, 2015, 09:40:53 AM
I think to see full details and without the 15 min delay you'll have to pay for access.
This should be an interesting week as this develops, I had hoped this would have been last week but I'd obviously underestimated how long it takes to get shares through the process it takes to put them up with an Ask price.
However consider that BIT is limited to "high net worth" investors and if I was someone with a long term interest in holding say 10,000 already matured shares as a small % over my portfolio I would be tempted to :
1) Buy 10,000 new shares at the current market rate (1,000 BTC x $235 = $235,000)
2) Sell 10,000 matured shares at the best GBTC rate I can get (say avg. 10,000 shares x $40 = $400,000)
3) Bank Profit ($165,000)
4) Hold the 10,000 new shares for 1 year (again)
This assumes anyone investing has money in the bank they can spend immediately and they don't need to wait to sell their existing shares before they buy new shares.
This should be an interesting week as this develops, I had hoped this would have been last week but I'd obviously underestimated how long it takes to get shares through the process it takes to put them up with an Ask price.
However consider that BIT is limited to "high net worth" investors and if I was someone with a long term interest in holding say 10,000 already matured shares as a small % over my portfolio I would be tempted to :
1) Buy 10,000 new shares at the current market rate (1,000 BTC x $235 = $235,000)
2) Sell 10,000 matured shares at the best GBTC rate I can get (say avg. 10,000 shares x $40 = $400,000)
3) Bank Profit ($165,000)
4) Hold the 10,000 new shares for 1 year (again)
This assumes anyone investing has money in the bank they can spend immediately and they don't need to wait to sell their existing shares before they buy new shares.
May 05, 2015, 09:40:01 AM
Where can we see complete orderbook? There has to be something like bitcoinwisdom for that 
55$ now
55$ now
thats a pretty insane mark up one regular exchanges.. im surprised its not having any effect on the market.. perhaps over time, more and more btc will be deposited to these ETF's, taking btc away from the open market and locking it away.
I concur; I find those ETFs as a "next gen" exchanges that will be able to overcome several problems (ie: liquidity, transparency, "shadow" bots, etc). Plus, these businesses are being controlled for their transactions. I wish what you say will eventually be our future.
Bitcoin only has to gain from such a thing.
May 05, 2015, 09:24:34 AM
Where can we see complete orderbook? There has to be something like bitcoinwisdom for that
55$ now
55$ now
thats a pretty insane mark up one regular exchanges.. im surprised its not having any effect on the market.. perhaps over time, more and more btc will be deposited to these ETF's, taking btc away from the open market and locking it away.
May 05, 2015, 09:07:44 AM
Granted not seen much traded today (volume says 0) but Asks going up is more activity than we saw last week and a positive sign that more shares and being offered up to be traded. Offer volume is needed before we can see trading volume.
The asks today (so far) could be the yesterdays shares being offered at crazy prices. 
May 05, 2015, 09:03:06 AM
Trading activity is picking up with the Ask closing on the $50 top Bid....
The zero volume trading activity?Code:
MPID Ask Price Size Date/Time
NITE 70.00 100 09:35
CDEL 71.00 100 09:33
CSTI 299.95 100 09:30
ATDF 9999.95 20 09:33
Granted not seen much traded today (volume says 0) but Asks going up is more activity than we saw last week and a positive sign that more shares and being offered up to be traded. Offer volume is needed before we can see trading volume.
First the spread has to narrow.
Many Bids and Asks don't appear on that list.
We are now down to the range of 55.10 - 71, with the $55.10 sale having just come in.
Volume is 152 shares, 34 minutes in. We had 762 total volume yesterday.
May 05, 2015, 09:02:39 AM
Back on topic, anybody has ANY idea why there's so much difference from GBTC to the other exchanges?
Because no-one is selling! Less than 100 BTC worth of shares has actually been sold by the original investors so far. It could be because they are still struggling to transfer their shares or because they are not interested in selling. 
May 05, 2015, 08:59:46 AM
May 05, 2015, 08:58:49 AM
ctnhc
Another for
THE LIST
Another for
THE LIST
Don't worry; I keep track for them puppets. For everybody who hasn't heard yet about "The List"... well, you should pay a visit.
DecentralizeEconomics isnt on your list. check his post history for reference of why he should be.
nice list btw.
DecentralizeEconomics is not a troll from what I could judge from his posts. This list is mainly for trolls & sockpuppets. Thanks for the heads up though.
Back on topic, anybody has ANY idea why there's so much difference from GBTC to the other exchanges?
May 05, 2015, 08:58:03 AM
May 05, 2015, 08:55:28 AM
Trading activity is picking up with the Ask closing on the $50 top Bid....
The zero volume trading activity?Code:
MPID Ask Price Size Date/Time
NITE 70.00 100 09:35
CDEL 71.00 100 09:33
CSTI 299.95 100 09:30
ATDF 9999.95 20 09:33
NITE 70.00 100 09:35
CDEL 71.00 100 09:33
CSTI 299.95 100 09:30
ATDF 9999.95 20 09:33
Granted not seen much traded today (volume says 0) but Asks going up is more activity than we saw last week and a positive sign that more shares and being offered up to be traded. Offer volume is needed before we can see trading volume.
May 05, 2015, 08:51:26 AM
ctnhc
Another for
THE LIST
Another for
THE LIST
Don't worry; I keep track for them puppets. For everybody who hasn't heard yet about "The List"... well, you should pay a visit.
DecentralizeEconomics isnt on your list. check his post history for reference of why he should be.
nice list btw.
May 05, 2015, 08:48:53 AM
We are talking about the newbie account who posted the granny porn pics, he deleted them now (or the mods did).
It seemed to be NLC. I think the guy needs some meds with his mods. May 05, 2015, 08:48:09 AM
Shares are initially release by shareholders that have held for 12+ months.
Shares once released are freely market traded.
The unreliable listing of orders < 100 shares remains true for this OTC market. I put a number of Asks up, yet only one appeared.
I also confirmed that low volume orders are filtered. I sold 1 share at $50 this morning, yet the charts still show a 'today's price' of $0 and 0 volume.
Remember that there can be Bids or Asks we do not see. The only source I've heard of to date that catches the entire dataset is the Bloomberg data feed.
Shares once released are freely market traded.
The unreliable listing of orders < 100 shares remains true for this OTC market. I put a number of Asks up, yet only one appeared.
I also confirmed that low volume orders are filtered. I sold 1 share at $50 this morning, yet the charts still show a 'today's price' of $0 and 0 volume.
Remember that there can be Bids or Asks we do not see. The only source I've heard of to date that catches the entire dataset is the Bloomberg data feed.
May 05, 2015, 08:43:31 AM
Trading activity is picking up with the Ask closing on the $50 top Bid....
The zero volume trading activity? Code:
MPID Ask Price Size Date/Time
NITE 70.00 100 09:35
CDEL 71.00 100 09:33
CSTI 299.95 100 09:30
ATDF 9999.95 20 09:33
NITE 70.00 100 09:35
CDEL 71.00 100 09:33
CSTI 299.95 100 09:30
ATDF 9999.95 20 09:33
May 05, 2015, 08:40:43 AM
Trading activity is picking up with the Ask closing on the $50 top Bid....
What is the source of the shares? I thought they needed to wait 12 months to sell but I don't get how they got them in the first place Code:
MPID Ask Price Size Date/Time
NITE 70.00 100 09:35
CDEL 71.00 100 09:33
CSTI 299.95 100 09:30
ATDF 9999.95 20 09:33
NITE 70.00 100 09:35
CDEL 71.00 100 09:33
CSTI 299.95 100 09:30
ATDF 9999.95 20 09:33
May 05, 2015, 08:39:38 AM
ctnhc
Another for
THE LIST
Another for
THE LIST
Don't worry; I keep track for them puppets. For everybody who hasn't heard yet about "The List"... well, you should pay a visit.
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