Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22281.

NotHatinJustTrollin

full member

Activity: 462

Merit: 107

★Bitvest.io★ Play Plinko or Invest!

Quote from: BlindMayorBitcorn on March 26, 2015, 05:46:57 PM

How cheap do these things have to get before all the miners find new jobs? This is taking forever Roll Eyes

Don't worry, if price goes down too much some miners will leave, difficulty will decrease and a new equilibrium will be found.

In other words: "We can ride this thing all the way down to $1!" Cheesy

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: BlindMayorBitcorn on March 26, 2015, 05:46:57 PM

How cheap do these things have to get before all the miners find new jobs? This is taking forever Roll Eyes

We can still make a sha256 based shitcoin and mine the hell out of that.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

How cheap do these things have to get before all the miners find new jobs? This is taking forever Roll Eyes

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: Fatman3001 on March 26, 2015, 05:31:47 PM

Quote from: SkyValeey on March 26, 2015, 05:19:45 PM

I love traps for todamoon-bulltards Grin

rofl

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

LOL. You guys were shitting yourselves when we were creeping towards 255.

hyphymikey

hero member

Activity: 784

Merit: 1000

Another bear trap. Just like $235 but weaker.

SkyValeey

hero member

Activity: 560

Merit: 500

Because we're in downtrend. Something that bulls will never learn lol.

Xiaoxiao

legendary

Activity: 1274

Merit: 1000

The Golden Rule Rules

It's all going down from here for the next 7-10 days? Could not rebound past 255... market is getting real scared. Small uptrend clearly broken.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: SkyValeey on March 26, 2015, 05:19:45 PM

I love traps for todamoon-bulltards Grin

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

only 1,100 back to 254.. just sayin

SkyValeey

hero member

Activity: 560

Merit: 500

I love traps for todamoon-bulltards Grin

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: rolling on March 26, 2015, 05:08:35 PM

Quote from: HI-TEC99 on March 26, 2015, 05:02:48 PM

Quote from: rolling on March 26, 2015, 05:00:27 PM

Quote from: HI-TEC99 on March 26, 2015, 04:47:11 PM

Quote from: rolling on March 26, 2015, 04:44:04 PM

Quote from: JorgeStolfi on March 26, 2015, 04:34:44 PM

My reading still is that SecondMarket and other "Authorized Participants" have to buy bitcoins themselves in order to get shares from Greyscale. Isn t that so?

Only BIT buys and sells bitcoin. GBTC can only create shares when owners of BIT redeem their shares of BIT. You can't deposit bitcoin with GBTC.

Is it true the first shareholders cannot sell their shares for twelve months and after that the shares can be freely traded?

What percentage of shares (representing bitcoins) can be sold now?

As I understand it, only shares of BIT that have been owned for 12 months can be transferred/deposited/redeemed/converted to shares of GBTC. Once they are GBTC, they can be freely traded on the open market without restriction.

Is there any estimate of how many that can be freely traded on the open market without restriction today? It's going to be a damp squib if hardly any can be traded until another year elapses.

BIT had 70,000 bitcoin at the end of 2013 so at least 700,000 shares could be put on the market right now but it seems unlikely that everyone would want to sell unless there is a hefty premium. Also, more will mature each month and by Dec 2015, 1,380,000 shares will eligible to be sold.

I found this post in the secondmarket thread that says they had to stop the redemption process because of a SEC rule. They should have had legal experts scrutinizing the rule book for months before to stop this happening.

Quote from: Roy Badami on March 26, 2015, 03:31:47 PM

...

AIUI no one can redeem shares atm. They had to suspend redemption because of a technicality in the SEC rules - I think it's because you're not allowed to be simultaneously offering new shares and at the same time offering to redeem old shares.

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

Quote from: bad trader on March 26, 2015, 05:10:23 PM

I guess the odds are good we go down from here?

Yes.

bad trader

sr. member

Activity: 344

Merit: 250

I guess the odds are good we go down from here?

OKCoin:

Kupsi

legendary

Activity: 1193

Merit: 1003

9.9.2012: I predict that single digits... <- FAIL

Quote from: HI-TEC99 on March 26, 2015, 05:02:48 PM

Quote from: rolling on March 26, 2015, 05:00:27 PM

Quote from: HI-TEC99 on March 26, 2015, 04:47:11 PM

Quote from: rolling on March 26, 2015, 04:44:04 PM

Quote from: JorgeStolfi on March 26, 2015, 04:34:44 PM

My reading still is that SecondMarket and other "Authorized Participants" have to buy bitcoins themselves in order to get shares from Greyscale. Isn t that so?

Only BIT buys and sells bitcoin. GBTC can only create shares when owners of BIT redeem their shares of BIT. You can't deposit bitcoin with GBTC.

Is it true the first shareholders cannot sell their shares for twelve months and after that the shares can be freely traded?

What percentage of shares (representing bitcoins) can be sold now?

As I understand it, only shares of BIT that have been owned for 12 months can be transferred/deposited/redeemed/converted to shares of GBTC. Once they are GBTC, they can be freely traded on the open market without restriction.

Is there any estimate of how many that can be freely traded on the open market without restriction today? It's going to be a damp squib if hardly any can be traded until another year elapses.

~92,300 coins were in the BIT a year ago.

https://bitcointalksearch.org/topic/m.6449073

rolling

hero member

Activity: 824

Merit: 712

Quote from: HI-TEC99 on March 26, 2015, 05:02:48 PM

Quote from: rolling on March 26, 2015, 05:00:27 PM

Quote from: HI-TEC99 on March 26, 2015, 04:47:11 PM

Quote from: rolling on March 26, 2015, 04:44:04 PM

Quote from: JorgeStolfi on March 26, 2015, 04:34:44 PM

My reading still is that SecondMarket and other "Authorized Participants" have to buy bitcoins themselves in order to get shares from Greyscale. Isn t that so?

Only BIT buys and sells bitcoin. GBTC can only create shares when owners of BIT redeem their shares of BIT. You can't deposit bitcoin with GBTC.

Is it true the first shareholders cannot sell their shares for twelve months and after that the shares can be freely traded?

What percentage of shares (representing bitcoins) can be sold now?

As I understand it, only shares of BIT that have been owned for 12 months can be transferred/deposited/redeemed/converted to shares of GBTC. Once they are GBTC, they can be freely traded on the open market without restriction.

Is there any estimate of how many that can be freely traded on the open market without restriction today? It's going to be a damp squib if hardly any can be traded until another year elapses.

BIT had 70,000 bitcoin at the end of 2013 so at least 700,000 shares could be put on the market right now but it seems unlikely that everyone would want to sell unless there is a hefty premium. Also, more will mature each month and by Dec 2015, 1,380,000 shares will eligible to be sold.

SilenceOfTheLamb

newbie

Activity: 28

Merit: 0

Hey Bitcoiners, found an age-appropriate instructional video for you!
As disruptive and groovy as your BTC!

http://s1.postimg.org/sfv6b7dv3/Capture.jpg
https://youtu.be/-MlRwjYTKDM

There'll be a quiz Angry

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: rolling on March 26, 2015, 05:00:27 PM

Quote from: HI-TEC99 on March 26, 2015, 04:47:11 PM

Quote from: rolling on March 26, 2015, 04:44:04 PM

Quote from: JorgeStolfi on March 26, 2015, 04:34:44 PM

My reading still is that SecondMarket and other "Authorized Participants" have to buy bitcoins themselves in order to get shares from Greyscale. Isn t that so?

Only BIT buys and sells bitcoin. GBTC can only create shares when owners of BIT redeem their shares of BIT. You can't deposit bitcoin with GBTC.

Is it true the first shareholders cannot sell their shares for twelve months and after that the shares can be freely traded?

What percentage of shares (representing bitcoins) can be sold now?

As I understand it, only shares of BIT that have been owned for 12 months can be transferred/deposited/redeemed/converted to shares of GBTC. Once they are GBTC, they can be freely traded on the open market without restriction.

Is there any estimate of how many that can be freely traded on the open market without restriction today? It's going to be a damp squib if hardly any can be traded until another year elapses.

rolling

hero member

Activity: 824

Merit: 712

Quote from: HI-TEC99 on March 26, 2015, 04:47:11 PM

Quote from: rolling on March 26, 2015, 04:44:04 PM

Quote from: JorgeStolfi on March 26, 2015, 04:34:44 PM

My reading still is that SecondMarket and other "Authorized Participants" have to buy bitcoins themselves in order to get shares from Greyscale. Isn t that so?

Only BIT buys and sells bitcoin. GBTC can only create shares when owners of BIT redeem their shares of BIT. You can't deposit bitcoin with GBTC.

Is it true the first shareholders cannot sell their shares for twelve months and after that the shares can be freely traded?

What percentage of shares (representing bitcoins) can be sold now?

As I understand it, only shares of BIT that have been owned for 12 months can be transferred/deposited/redeemed/converted to shares of GBTC. Once they are GBTC, they can be freely traded on the open market without restriction.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

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