Here comes the big money...

[hector3115]

http://www.wsj.com/articles/big-investor-involvement-could-boost-bitcoin-1428259814

http://blogs.wsj.com/cio/2015/04/05/bny-mellon-explores-bitcoins-potential/

Wall Street was clearly waiting for regulation and the outlook is becoming much clearer.  The etf is something they feel they can work with.

[vokain]

I think you're right. The articles (advertisements in my mind) from the big press outlets seem to be getting more priming-the-pump'ish just this year.

Two years ago some of us would've shit a brick at being mentioned in WSJ.

[MF Doom]

I think you're right. The articles (advertisements in my mind) from the big press outlets seem to be getting more priming-the-pump'ish just this year.

Two years ago some of us would've shit a brick at being mentioned in WSJ.

What about security though? Even if there are regulations in place, it still seems investors are weary because nothing has really been figured out about incidents like mt gox, and hundreds of millions of dollars worth of btc seemingly disappearing

[vokain]

I think you're right. The articles (advertisements in my mind) from the big press outlets seem to be getting more priming-the-pump'ish just this year.

Two years ago some of us would've shit a brick at being mentioned in WSJ.

What about security though? Even if there are regulations in place, it still seems investors are weary because nothing has really been figured out about incidents like mt gox, and hundreds of millions of dollars worth of btc seemingly disappearing

A matter of competence and honesty.

[Xiaoxiao]

GBTC sold 75 btc's in 2 weeks....

[BitcoinIsLiberty]

GBTC sold 75 btc's in 2 weeks....

Trading hasn't started. The sellers haven't showed up yet.

[bassclef]

I think you're right. The articles (advertisements in my mind) from the big press outlets seem to be getting more priming-the-pump'ish just this year.

Two years ago some of us would've shit a brick at being mentioned in WSJ.

What about security though? Even if there are regulations in place, it still seems investors are weary because nothing has really been figured out about incidents like mt gox, and hundreds of millions of dollars worth of btc seemingly disappearing

That's what's the derivatives are for. Gain exposure to the price movements, but no worries about learning how to secure bitcoins properly.

[hector3115]

Oh I forgot another headline:

https://bitcoinmagazine.com/19864/ubs-open-blockchain-innovation-lab-london/

[umairsaleem]

Wall street big money, this have been mentioned for thousands times, but seems they never come with their big money and big pump to market. Anyway I'm glad we back to $260 today.

[stonerider]

Don't worry, we will slowly slide back down to 240 soon.

[vokain]

Wall street big money, this have been mentioned for thousands times, but seems they never come with their big money and big pump to market. Anyway I'm glad we back to $260 today.

I feel like sophisticated finance is not the type to accumulate like every day people. I imagine some sort of crazy math refined by stress testing rakes up all the money from normal speculators, no matter which direction they want to go.  We know they're definitely in Bitcoin. Why would you rather pump up the price making everyone rich when you could keep more of the fiat influx to yourself setting up trading ranges you can more or less control i.e. profit in both directions? But maybe I'm too paranoid.

[chriswen]

Also gives info for Cumberland mining (auction winner)

[Cconvert2G36]

Existing bids:

Code:

Canaccord Genuity Inc		   100	35.51
KCG Americas LLC		   100	35.50
Wedbush Securities Inc		   100	31.50
Citadel Securities		   243	25.00
Puma Capital, LLC		   100	25.00
Merriman Curhan Ford & Co	   100	20.00

[RyNinDaCleM]

Existing bids:

Code:

Canaccord Genuity Inc		   100	35.51
KCG Americas LLC		   100	35.50
Wedbush Securities Inc		   100	31.50
Citadel Securities		   243	25.00
Puma Capital, LLC		   100	25.00
Merriman Curhan Ford & Co	   100	20.00

Bids on what? The GBTC shares?
Got a source?

[Cconvert2G36]

Yeah, GBTC.

http://www.otcmarkets.com/stock/GBTC/quote

[Cconvert2G36]

Yeah, GBTC.

http://www.otcmarkets.com/stock/GBTC/quote

How do I relate share price to BTC/USD?

One share of GBTC represents 0.1btc. Minus fees.

[vokain]

Yeah, GBTC.

http://www.otcmarkets.com/stock/GBTC/quote

How do I relate share price to BTC/USD?

One share of GBTC represents 0.1btc. Minus fees.

Thank you. I don't understand why they would bid over spot though?

[Cconvert2G36]

Thank you. I don't understand why they would bid over spot though?

They're likely place holder bids, expect it to adjust (probably drastically) when someone actually is willing to sell some shares.

[vokain]

Thank you. I don't understand why they would bid over spot though?

They're likely place holder bids, expect it to adjust (probably drastically) when someone actually is willing to sell some shares.

Are these basically public limit orders?

What's the advantage to having a placeholder instead of just submitting a bid at or right before open? My thoughts lie on manipulation/appearing a certain way, but I'm ignorant of other reasons.

[Cconvert2G36]

We're talking 10-24.3 btc worth here. Mostly like a ping to entice someone to place an ask.