What if Winklevoss' bitcoin ETF would be the same as Barry Silbert's GBTC - page 2.

brg444

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Bitcoin replaces central, not commercial, banks

Quote from: backb on April 05, 2015, 02:30:21 PM

What if Winklevoss Twins' bitcoin ETF (NASDAQ) would be the same as GBTC (Barry Silbert's Bitcoin Investment Trust, OTCMKTS):

1: NO trades two weeks after official launch, unlikely for ETF, because Winklevoss Twins can't wait to sell their bags (1 million shares = 100k bitcoins), so there would be sell orders soon as ETF goes live!

2: The ETF will only got less than total 75 bitcoins buy orders like GBTC does (GBTC only has 750 shares bid list = 75 btc demand http://www.otcmarkets.com/stock/GBTC/quote).

If thing comes out like this, does it mean neither wall street nor average joe (who invest with their retirement account) is waiting to get in and in fact nobody care about bitcoin?

1. GBTC holders are still unable to access their shares from their trading account thus the absence of any trade so far.

2. There are no buy orders because there are no sell orders. Supply creates demand.

backb

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Quote from: NotHatinJustTrollin on April 05, 2015, 02:47:08 PM

Quote from: backb on April 05, 2015, 02:45:14 PM

Quote from: inca on April 05, 2015, 02:40:08 PM

Quote from: backb on April 05, 2015, 02:30:21 PM

What if Winklevoss Twins' bitcoin ETF (NASDAQ) would be the same as GBTC (Barry Silbert's Bitcoin Investment Trust, OTCMKTS):

1: NO trades two weeks after official launch, unlikely for ETF, because Winklevoss Twins can't wait to sell their bags (1 million shares = 100k bitcoins), so there would be sell orders soon as ETF goes live!

2: The ETF will only got less than total 75 bitcoins buy orders like GBTC does (GBTC only has 750 shares bid list = 75 btc demand http://www.otcmarkets.com/stock/GBTC/quote).

If thing comes out like this, does it mean neither wall street nor average joe is waiting to get in and in fact nobody care about bitcoin?

Why don't you ask hypothetical trolling questions with your main account instead of using a throwaway?

No offtopic bullshit talks, please answer the question itself.
Is "wall street or average joe can't wait to get in" a lie?

Yes, a lie by people who have interest in telling such lies like huge holders or underwater bagholders.

A Short and Clear answer i am looking for, thank you!
Too many trolls here talking offtopic shits and ignore&afraid to answer the question

coinableS

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Activity: 1442

Merit: 1186

Quote from: backb on April 05, 2015, 02:45:14 PM

Quote from: inca on April 05, 2015, 02:40:08 PM

Quote from: backb on April 05, 2015, 02:30:21 PM

What if Winklevoss Twins' bitcoin ETF (NASDAQ) would be the same as GBTC (Barry Silbert's Bitcoin Investment Trust, OTCMKTS):

1: NO trades two weeks after official launch, unlikely for ETF, because Winklevoss Twins can't wait to sell their bags (1 million shares = 100k bitcoins), so there would be sell orders soon as ETF goes live!

2: The ETF will only got less than total 75 bitcoins buy orders like GBTC does (GBTC only has 750 shares bid list = 75 btc demand http://www.otcmarkets.com/stock/GBTC/quote).

If thing comes out like this, does it mean neither wall street nor average joe is waiting to get in and in fact nobody care about bitcoin?

Why don't you ask hypothetical trolling questions with your main account instead of using a throwaway?

No offtopic bullshit talks, please answer the question itself.
Is "wall street or average joe can't wait to get in" a lie?

What are you guys doing for easter today? I'm going to the inlaws to have cheeseburgers. It's alright I guess, at least it's free food and free beer. Haha that reminds me of a funny joke from earlier this week. I was eating at a taco cart and I asked for frijoles and the dude next to me said "free beer, free tacos, frijoles" We all LOL'ed, it was grand.

NotHatinJustTrollin

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Activity: 462

Merit: 107

★Bitvest.io★ Play Plinko or Invest!

Quote from: backb on April 05, 2015, 02:45:14 PM

Quote from: inca on April 05, 2015, 02:40:08 PM

Quote from: backb on April 05, 2015, 02:30:21 PM

What if Winklevoss Twins' bitcoin ETF (NASDAQ) would be the same as GBTC (Barry Silbert's Bitcoin Investment Trust, OTCMKTS):

1: NO trades two weeks after official launch, unlikely for ETF, because Winklevoss Twins can't wait to sell their bags (1 million shares = 100k bitcoins), so there would be sell orders soon as ETF goes live!

2: The ETF will only got less than total 75 bitcoins buy orders like GBTC does (GBTC only has 750 shares bid list = 75 btc demand http://www.otcmarkets.com/stock/GBTC/quote).

If thing comes out like this, does it mean neither wall street nor average joe is waiting to get in and in fact nobody care about bitcoin?

Why don't you ask hypothetical trolling questions with your main account instead of using a throwaway?

No offtopic bullshit talks, please answer the question itself.
Is "wall street or average joe can't wait to get in" a lie?

Yes, a lie by people who have interest in telling such lies like huge holders or underwater bagholders.

backb

newbie

Activity: 12

Merit: 0

Quote from: inca on April 05, 2015, 02:40:08 PM

Quote from: backb on April 05, 2015, 02:30:21 PM

What if Winklevoss Twins' bitcoin ETF (NASDAQ) would be the same as GBTC (Barry Silbert's Bitcoin Investment Trust, OTCMKTS):

1: NO trades two weeks after official launch, unlikely for ETF, because Winklevoss Twins can't wait to sell their bags (1 million shares = 100k bitcoins), so there would be sell orders soon as ETF goes live!

2: The ETF will only got less than total 75 bitcoins buy orders like GBTC does (GBTC only has 750 shares bid list = 75 btc demand http://www.otcmarkets.com/stock/GBTC/quote).

If thing comes out like this, does it mean neither wall street nor average joe is waiting to get in and in fact nobody care about bitcoin?

Why don't you ask hypothetical trolling questions with your main account instead of using a throwaway?

No offtopic bullshit talks, please answer the question itself.
Is "wall street or average joe can't wait to get in" a lie?

coinableS

legendary

Activity: 1442

Merit: 1186

Quote from: inca on April 05, 2015, 02:40:08 PM

Quote from: backb on April 05, 2015, 02:30:21 PM

What if Winklevoss Twins' bitcoin ETF (NASDAQ) would be the same as GBTC (Barry Silbert's Bitcoin Investment Trust, OTCMKTS):

1: NO trades two weeks after official launch, unlikely for ETF, because Winklevoss Twins can't wait to sell their bags (1 million shares = 100k bitcoins), so there would be sell orders soon as ETF goes live!

2: The ETF will only got less than total 75 bitcoins buy orders like GBTC does (GBTC only has 750 shares bid list = 75 btc demand http://www.otcmarkets.com/stock/GBTC/quote).

If thing comes out like this, does it mean neither wall street nor average joe is waiting to get in and in fact nobody care about bitcoin?

Why don't you ask hypothetical trolling questions with your main account instead of using a throwaway?

Because trolls are gonna troll. Do you spend all day on a forum relative to a topic that you despise? Probably not. What if someone paid you to register and troll that forum??

inca

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Activity: 1176

Merit: 1000

Quote from: backb on April 05, 2015, 02:30:21 PM

What if Winklevoss Twins' bitcoin ETF (NASDAQ) would be the same as GBTC (Barry Silbert's Bitcoin Investment Trust, OTCMKTS):

1: NO trades two weeks after official launch, unlikely for ETF, because Winklevoss Twins can't wait to sell their bags (1 million shares = 100k bitcoins), so there would be sell orders soon as ETF goes live!

2: The ETF will only got less than total 75 bitcoins buy orders like GBTC does (GBTC only has 750 shares bid list = 75 btc demand http://www.otcmarkets.com/stock/GBTC/quote).

If thing comes out like this, does it mean neither wall street nor average joe is waiting to get in and in fact nobody care about bitcoin?

Why don't you ask hypothetical trolling questions with your main account instead of using a throwaway?

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: backb on April 05, 2015, 02:30:21 PM

because Winklevoss Twins can't wait to sell their bags

They could probably sell their bags with a couple of well placed phone calls. They could also save themselves millions of dollars in legal fees and years of their lives by not bothering with the ETF.

Ergo they are committed to making it an ongoing success.

NotHatinJustTrollin

full member

Activity: 462

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★Bitvest.io★ Play Plinko or Invest!

Wall Street doesn't care about bitcoin, whether you build exchanges and ETFs where they could get in or not.

The GBTC is a fine example. Still 0 trades and only a few bids for a few grand worth.
The only Wall Street thugs that are gonna buy bitcoin will end up like the Wall Street thugs who already bought: bagholding.

coinableS

legendary

Activity: 1442

Merit: 1186

The Silbert GBTC requires the share holders to own their share for at least 12 months before selling.
Price was $450 per coin 12 months ago, so it's unlikely anyone who bought 12 months ago are eager to sell.
The winkie ETF, as I understand it, does not have this sort of set up. Once they launch their ETF it would be like a gold or silver ETF where anyone could buy in (assuming there are still shares available).

backb

newbie

Activity: 12

Merit: 0

What if Winklevoss Twins' bitcoin ETF (NASDAQ) would be the same as GBTC (Barry Silbert's Bitcoin Investment Trust, OTCMKTS):

1: NO trades two weeks after official launch, unlikely for ETF, because Winklevoss Twins can't wait to sell their bags (1 million shares = 100k bitcoins), so there would be sell orders soon as ETF goes live!

2: The ETF will only got less than total 75 bitcoins buy orders like GBTC does (GBTC only has 750 shares bid list = 75 btc demand http://www.otcmarkets.com/stock/GBTC/quote).
https://i.imgur.com/dh2qsBe.jpg

If thing comes out like this, does it mean neither wall street nor average joe (who invest with their retirement account) is waiting to get in and in fact nobody care about bitcoin?

Topic: What if Winklevoss' bitcoin ETF would be the same as Barry Silbert's GBTC - page 2. (Read 2041 times)