Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Coin
Explanation

[1714244500]

1714244500

[1714244500]

1714244500

[1714244500]

1714244500

[1714244500]

1714244500

[Cconvert2G36]

Looks like the recent dumpage kicked off on okcoin, finex reacting strongly.

[(Lithium)]

dump time

[molecular]

From the 2014 Annual Report published last month:

Authorized Participants who make deposits of bitcoins with the Trust in exchange for Creation
Baskets receive no fees, commissions or other form of compensation or inducement of any kind
from either the Sponsor or the Trust. No Authorized Participant has any obligation or
responsibility to the Sponsor or the Trust to affect any sale or resale of Shares. Authorized
Participants may realize significant profits buying, selling, creating and redeeming Shares as a
result of changes in the value of Shares or bitcoins. In particular, an Authorized Participant may
profit from the “spread” (or difference) between the prices at which it purchases and sells Shares
and bitcoins (or obtains Shares or bitcoins through the creation and redemption of Baskets). For
example, when creating Shares, an Authorized Participant may deposit bitcoins with the Trust that
it has acquired at a price that is lower than the current Bitcoin Market Price and thus receive Shares
with a value greater than the Authorized Participant’s cost of acquiring the deposited bitcoins.
Similarly, an Authorized Participant may sell Shares to a customer from its inventory at a price
higher than the Authorized Participant’s cost in acquiring such Shares. As another example, when
redeeming Shares, an Authorized Participant may receive bitcoins and then hold them for later
resale at a profit if the price of bitcoins increases. The frequent and significant fluctuations in the
price of bitcoins increases the extent to which an Authorized Participant may profit from its
transactions in Shares and bitcoins. As of the date of this Annual Report, the only Authorized
Participant is SecondMarket, Inc., an affiliate of the Sponsor.

Sponsor
Grayscale Investments LLC

Custodian
SecondMarket Holdings

The Only Current Authorized Participant
SecondMarket, Inc

The main question for me: Is it is possible for SecondMarket, Inc to receive creation baskets of shares and place them for sale on the OTC market without the 12 month lockup?

If yes, SecondMarket could quickly arbitrage the OTC share price closer to the NAV of the trust while providing liquidity that the OTC share needs at this point.

If no, the ask supply of the OTC share will be completely dependent on 12 month aged shares from individual investors. Meaning very low volume and little impact on the bitcoin market in general, at least for the reasonably near future.

Care to comment Barry?
I won't hold my breath.

I second this question.

EDIT: in fact I forwarded it on a medium Barry might listen on:

[molecular]

dump time

1 Million USD worth of shorts got closed on finex:



I like seeing these closed at low prices

[ChartBuddy]

Coin
Explanation

[Cconvert2G36]

dump time

1 Million USD worth of shorts got closed on finex:



I like seeing these closed at low prices

Agreed. Bulls cutting margin risk after GBTC landed without a jump. Much better than them going up to counter significant real selling pressure.

[Wolf Rainer]

Again? Fuck the shorts!

[ChartBuddy]

Coin
Explanation

[noobtrader]

http://www.reddit.com/r/Bitcoin/comments/34vuku/congratulations_bitcoin_on_your_new_ath_133700/

gbtc price at 1337 !!!
how come real bitcoin price still in 233 cmon bear.... obviously you miss 1 number there

[hdbuck]

http://www.reddit.com/r/Bitcoin/comments/34vuku/congratulations_bitcoin_on_your_new_ath_133700/

gbtc price at 1337 !!!
how come real bitcoin price still in 233 cmon bear.... obviously you miss 1 number there

GBTC volume is lower than Cryptsy's.

[Fatman3001]

Ok, enough fun now

Let's snap this mofo in reverse!

[ChartBuddy]

Coin
Explanation

[Wolf Rainer]

dump time

1 Million USD worth of shorts got closed on finex:



I like seeing these closed at low prices

Agreed. Bulls cutting margin risk after GBTC landed without a jump. Much better than them going up to counter significant real selling pressure.

GBTC ATH is 1750 so... That`s a fucking nice pump.

[hmmkay]

Why does it say approximately 0.1 bitcoin, and not exactly 0.1 bitcoin per share?

[Wolf Rainer]

Why does it say approximately 0.1 bitcoin, and not exactly 0.1 bitcoin per share?

Fees.

[Elwar]

I am willing to sell my bitcoins to anyone at $50 below the $1750/BTC value.

PM me for this exciting opportunity, first come first served, while supplies last.

[sAt0sHiFanClub]

So Wall Street didnt fall for the 1750-a-coin ruse, no?  Shame. Would have been a nice little earner. 

So, now that Silbert and GBTC has fallen a little flat, who is the next Messiah^tm in the pipeline?

Winklevoss?, Then BitLicense? 

[LFC_Bitcoin]

I am willing to sell my bitcoins to anyone at $50 below the $1750/BTC value.

PM me for this exciting opportunity, first come first served, while supplies last.

Ignore this guy.
Take up my $1500 per bitcoin offer.
Best price around.

[inca]

Shorts up nearly 1000 to near 27k. Longs down slightly. Price back to where it was two days ago.

It would be nice to see the bears get excited again and start to heavily short bitcoin from here. A single bullish large market order and the fun begins again.