They don't cost anything to handle or store.
says the guy that stores his bitcoin on someone elses web server.
Topic: Will The Bitcoin Investment Trust affect the price? - page 16. (Read 16877 times)
says the guy that stores his bitcoin on someone elses web server.
They don't cost anything to handle or store.
You answered yourself! Maximizes profit
They don't cost anything to handle or store.
You answered yourself! Maximizes profit
Here is what I don't understand. I can see a fund for gold or especially silver since storage and handling is an issue with PM but why would anyone want that for bitcoins. They don't cost anything to handle or store.
the analysis of this is the same as that of the Winklevii ETF. these are similar to the GLD and SLV ETF's which contributed to the run up in gold and silver.
yes, UP.
yes, UP.
Hmm hard to say but think about this. All people that buy the trust won't buy bitcoins directly since the trust presumably already owns the bitcoins. Also if the trust ever gets derivatives on top of it that means again more fiat going somewhere else besides into bitcoin itself.
Any effect on price is already worked in to the current value. Come on, we know this by now 
As is downside risk. You can't only view things from one angle alone.
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LIQUIDITY: To commence no later than March 2014.
does that mean if you buy into this trust you won't be able to cash out till march 2014?
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will price be affected?
Not right away. They're only selling $2.25 million of Bitcoin, or 0.15% of Bitcoin's market cap, if I'm right. Still, this is excellent news. And since it's an open-ended trust, it won't always be limited to the initial $2.25 million.Also:
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German parliament member and bitcoin advocate Frank Schaeffler commented: “we should have competition in the production of money. Bitcoins are the first step in this direction.” Kathleen Brooks, a research director at FOREX.com called the ruling “a good example of German forward-thinking” speculating that if the euro ever failed, bitcoin could now be a viable alternative.
https://www.secondmarket.com/education/landing/bitcoin-buzz-2
https://www.secondmarket.com/education/landing/bitcoin-buzz-2
Any effect on price is already worked in to the current value. Come on, we know this by now
lol what? no one knew this was happening...
Any effect on price is already worked in to the current value. Come on, we know this by now
Pumpers gonna pump.
Buy the rumor, sell the news.
Any effect on price is already worked in to the current value. Come on, we know this by now
look at "INVESTMENT DETAILS"
see this line
does that mean if you buy into this trust you won't be able to cash out till march 2014?
see this line
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LIQUIDITY: To commence no later than March 2014.
does that mean if you buy into this trust you won't be able to cash out till march 2014?
Quote
Historical Net Asset Value
The Net Asset Value (NAV) of the Bitcoin Investment Trust is calculated daily at 4pm ET*. Historical NAV:
September 25, 2013: $12.88
*NAV per share for the BIT (capitalized on September 24, 2013) is calculated based on the historical price of bitcoin. If you would like to see how NAV is calculated, please refer to the private placement memorandum. The price of bitcoin is highly volatile and it is possible to lose the entire value of your investment.
The Net Asset Value (NAV) of the Bitcoin Investment Trust is calculated daily at 4pm ET*. Historical NAV:
September 25, 2013: $12.88
*NAV per share for the BIT (capitalized on September 24, 2013) is calculated based on the historical price of bitcoin. If you would like to see how NAV is calculated, please refer to the private placement memorandum. The price of bitcoin is highly volatile and it is possible to lose the entire value of your investment.
you have to have an account there to see this "private placement memorandum"
I tried creating an account but i was hit with questions "like what is your net worth?" and got totally discouraged.
will price be affected?
Yes!!!
by how much?
10x maybe
and why?
It's Bitcoin
people will invest in it because it really is true. most people can barely use computers but want in on the action! people should move their iras etc over to this asap! better than most overpriced garbage they are holding now
I'll go first
yes.
much!
Because Bitcoin!
Because the barrier to entry for bitcoin has always been quite high, since you needed to be "good with computers" to understand how to acquire and store bitcoins. Non-tech savy people were highly discouraged from investing in bitcoin, because everyone always said that it was easy to lose your bitcoins, or get hacked, if you didn't know what you were doing... and it was good advice...
but no more!
now anyone can invest in bitcoin, and not have to worry about these SCARY technical things
BIG NEWS INDEED
Quote
will price be affected?
yes.
Quote
by how much?
much!
Quote
why?
Because Bitcoin!
Because the barrier to entry for bitcoin has always been quite high, since you needed to be "good with computers" to understand how to acquire and store bitcoins. Non-tech savy people were highly discouraged from investing in bitcoin, because everyone always said that it was easy to lose your bitcoins, or get hacked, if you didn't know what you were doing... and it was good advice...
but no more!
now anyone can invest in bitcoin, and not have to worry about these SCARY technical things
BIG NEWS INDEED
The big news is that secondmarket has launched "Bitcoin Investment Trust" http://www.bitcointrust.co/ also see https://www.secondmarket.com/education/learn/bitcoin-education-center
The Bitcoin Investment Trust (BIT) is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenges of buying, storing, and safekeeping bitcoins.
So let's speculate, will price be affected? by how much? and why?
Quote
The Bitcoin Investment Trust (BIT) is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenges of buying, storing, and safekeeping bitcoins.
So let's speculate, will price be affected? by how much? and why?
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