Well one of these times he will have to be right.

Sounds like a perfect storm.  Xbt provider, coin etf, and gbtc.  Things are going to get crazy.

Looks like maxims bid is back to 100 shares.  Maybe they got some bad info that asks were going to be up yesterday?

How will this work?  Will they buy and hold 1 bitcoin for every share purchased?

This is probably the only way to invest there clients 401k and IRA retirement money in bitcoin.  I cant just withdraw money out ok my IRA and buy bitcoin.  But i can choose where my money is invested without penalty.  And that way is pre tax.

After reading this I actually just bought more bitcoin.

That's a bid for 1.75 million.  Just think when the true ETF COIN comes online and a bid like that comes in.  They will have to buy 5000 bitcoins right off the open market to cover the shares. 

I just don't see how they can make money at there current business model.  Which is why there asking for more money to launch new services.  Coinbase has a near monopoly in the US.  Circle knows they need to step up there game.

So even when the price goes up people say a exchange got hacked/insolvent and crypto is done?  Interesting...

Volume is down but number of daily transactions are double since the bubble.

Im interested in seeing what future services they plan to offer.  They do need to do more then a simple buy and selling  of bitcoin to compete with coinbase and gemini.

There is no incentive to shop with btc.  There needs to be discounts for people to go through the trouble of buying bitcoins.

Well Monday morning and still no trades...  Not sure what to make of this.  Still moving shares I guess. 

Catch 22 for me.  I think the bubble came way too early in bitcoins lifetime.  But if it wasn't for the bubble I don't think I would of ever heard of bitcoin.

Inflation is simply too high.  Market cannot absorb 3600 coins a day being dumped by miners.  Price will keep dropping slow until a real bottom is found where big investors know they will make money.  Hopefully the halving solves bitcoins inflation issue.

Heres the email i got.

Dear shareholder. Input this command to move your gbtc shares.  Up up down down left right left right A B select start.

Ill put up my ask on monday.

So shareholders have instructions on how to transfer shares to there account...  How long does that take lol.  If its instant we should see some asks on Monday.

I use bitlendingclub.  Just be smart about who you invest with.  No investment is without risk.

Been almost 4 weeks since announcement.  I can't believe in this age it takes this long to transfer sellers shares.

Any guesses on when the first product or service will be released by 21 inc?