If I understand there won't really be any "new" money coming into bitcoin.  The only way I can buy shares is if somebody in the trust is willing to sell.  The trust won't be buying new bitcoins like the winklevoss thing. 

As always, qualified accredited investors may choose to invest in shares of the BIT directly through the BIT's ongoing private placement at the daily NAV/share¹.

if you sell now, you sell for good.
the warning above is still valid.

Deloitte jobbar vidare med eit spørsmål om utanlandsk børshandel med bitcoin.  Etter mi meining kan det samanliknast med enkelte former for derivathandel og handel med finansielle instrument.  Du betaler til dømes ikkje mva dersom du kjøper ein eigrdel i ei gullbarre som ligg i ein bank i Sveits, berre om du flyttar det fysiske gullet til Noreg.  Kan det vere mogeleg å sleppe unda mva dersom det ikkje føregår ei overføring av bitcoin som anna enn ein eigardel av ein felles pott som børsen har?  Kunden kan sjølvsagt ta ut sin del i ettertid, men det er ein separat transaksjon som eg ikkje har kontroll over.

Good point, well made.

But raising the cap would be  an indirect consequence of adjusting the halving frequency, so by increasing the cap, you would be extending the [higher] reward period for miners

Since we havent reached the point where tx fees outweigh coin reward, do you think that might become an incentive for miners to increase the cap? (bear in mind that it would be a slow process, with no immediate dump of coins on the market.)

Unless an individual is splitting them for some reason

Ah, sorry, I misunderstood.

Oh, so you're saying it's because of the dollar. But what do you think that means in terms of bitcoin?

Certainly looks that way. Lots of nice bids piling up on BFX. Shorts closing though, so anything too spectacular is bound to collapse back down, at least temporarily.


It still doesn't matter what an exchange that small does. It wouldn't matter if someone dumped down to $10 on Kraken. They mean nothing.

Small exchanges do random things all the time. There is no significance if they break an uptrend or downtrend before any of the real exchanges. Not to say they all wont. But who cares about Kraken?

Did they split them first to another address last time or can we assume a single winning bidder?

EDIT: thinking about it, would be surprised if the winning bidder wasn't using a multisig address

Auction coins are on the move.

Since USD is going up because of oil, and currencies like CAD and EURO are dropping. From now I'm thinking about exchanging BTC to USD, wait until it drops or until CAD catches up and then change it back. Wat y'all think?

Gold will exist in 20 years, BTC not sure

I presume these wallets are splitted and sold as-is. That means we cannot know what their address(es) is/are if not a seller reveals it/them for us.

Hasn't sold his stash though - and did say it was 'the best deal anyone would get'

Is that bad?

Last time it was a blind auction. We don't know the winning bid even today. Though I'm thinking Tim Draper probably regrets it a little.

What time do auction details get released?

when is the auction over?

I have been buying constantly with every paycheck the last 10 months, and made a big buy two weeks ago.

And now, I just discovered: I'm almost break even!!!!