ChartBuddy
Legendary
 Offline
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 26, 2015, 07:58:50 PM |
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Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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March 26, 2015, 07:59:20 PM |
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Would be funny if that 100 at $50 bid gets filled.
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Natalia_AnatolioPAMM
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March 26, 2015, 08:00:38 PM |
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A bid for 0.1 btc for $200 on OTC-markets
worst predictions coming true |
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Norway
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March 26, 2015, 08:02:03 PM |
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Would be funny if that 100 at $50 bid gets filled.
Yes, and just buy new coins on another exchange. Great arbitrage opportunity for the ask side. |
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Cconvert2G36
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March 26, 2015, 08:17:02 PM |
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Would be funny if that 100 at $50 bid gets filled.
Yes, and just buy new coins on another exchange. Great arbitrage opportunity for the ask side. Seems obvious that no one has gotten their 12 month aged BIT shares into their brokerage account yet. That bid is 100 x 100 = 10,000 shares, or 1000 btc bid at $500. You would have to be insane not to take advantage of that arb opportunity. Unfortunately for BIT owners, stock shares can't be transferred between brokerages with a simple 10 min confirmation.  |
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JorgeStolfi
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March 26, 2015, 08:20:02 PM |
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Holy crap $200 for 0.1 BTC... Buy they don't really mean anything without a seller.
It is gone, price crashed back to 500 $/BTC From the 2014-09-30 financial statement on that page, I understand that now the fund is managed by Greyscale, and they no longer buy or sell bitcoins and no longer buy or sell shares for dollars (page 31+). Instead, there a 1st level broker and a few 2nd level brokers (including those 4 listed on the page). Those brokers can buy shares from Greyscale with bitcoins only, and will get bitcoins when they sell shares to Grayscale. In other words, it is now the brokers and the investors who must buy and sell the bitcoins on exchanges; Greyscale will just keep them safely until they are redeemed or stolen. My guess is that those bids are just the 2nd level brokers testing the system, and the bids are not being filled because the only authorized sellers are the same 2nd level brokers, and they have no shares to sell. They must either buy some shares from Greyscale, or wait until some of the early BIT investors gives them their shares to sell. |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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March 26, 2015, 08:24:35 PM |
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Holy crap $200 for 0.1 BTC... Buy they don't really mean anything without a seller.
It is gone, price crashed back to 500 $/BTC From the 2014-09-30 financial statement on that page, I understand that now the fund is managed by Greyscale, and they no longer buy or sell bitcoins and no longer buy or sell shares for dollars (page 31+). Instead, there a 1st level broker and a few 2nd level brokers (including those 4 listed on the page). Those brokers can buy shares from Greyscale with bitcoins only, and will get bitcoins when they sell shares to Grayscale. In other words, it is now the brokers and the investors who must buy and sell the bitcoins on exchanges; Greyscale will just keep them safely until they are redeemed or stolen. My guess is that those bids are just the 2nd level brokers testing the system, and the bids are not being filled because the only authorized sellers are the same 2nd level brokers, and they have no shares to sell. They must either buy some shares from Greyscale, or wait until some of the early BIT investors gives them their shares to sell. eh, worst than bitcoiners.. 'institutional' investors.   |
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Fatman3001
Legendary
Offline
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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March 26, 2015, 08:29:23 PM |
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bid side getting eaten away
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rolling
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March 26, 2015, 08:34:38 PM |
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Holy crap $200 for 0.1 BTC... Buy they don't really mean anything without a seller.
It is gone, price crashed back to 500 $/BTC From the 2014-09-30 financial statement on that page, I understand that now the fund is managed by Greyscale, and they no longer buy or sell bitcoins and no longer buy or sell shares for dollars (page 31+). Instead, there a 1st level broker and a few 2nd level brokers (including those 4 listed on the page). Those brokers can buy shares from Greyscale with bitcoins only, and will get bitcoins when they sell shares to Grayscale. In other words, it is now the brokers and the investors who must buy and sell the bitcoins on exchanges; Greyscale will just keep them safely until they are redeemed or stolen. My guess is that those bids are just the 2nd level brokers testing the system, and the bids are not being filled because the only authorized sellers are the same 2nd level brokers, and they have no shares to sell. They must either buy some shares from Greyscale, or wait until some of the early BIT investors gives them their shares to sell. I think you need to work on your reading comprehension. |
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tarmi
Legendary
Offline
Activity: 1232
Merit: 1011
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March 26, 2015, 08:40:04 PM |
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550$...
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hyphymikey
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March 26, 2015, 08:45:22 PM |
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Do bears not read the news? Who in their right mind would sell right now?
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empowering
Legendary
Offline
Activity: 1092
Merit: 1442
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March 26, 2015, 08:46:01 PM |
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Can I have a side order of tragedy with my order of DOOM ?
Make it shnappy.
I get crabby if I have to wait for my doom.
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SilenceOfTheLamb
Newbie
Offline
Activity: 28
Merit: 0
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March 26, 2015, 08:47:06 PM |
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Hate to intrude, but what's happening to the IRL price? $248? Come on bulls, you only had one job to do!
Edit: $247? RLY?
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bad trader
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March 26, 2015, 08:47:11 PM |
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Do bears not read the news? Who in their right mind would sell right now? Did you miss the memo? You always dump on good news! |
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hdbuck
Legendary
Offline
Activity: 1260
Merit: 1002
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March 26, 2015, 08:47:24 PM |
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Do bears not read the news? Who in their right mind would sell right now?
one would sell to simply: 1/profit 2/load up moar lower 3/rince & repeat |
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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March 26, 2015, 08:47:34 PM |
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dump this
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sAt0sHiFanClub
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March 26, 2015, 08:48:42 PM |
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Holy crap $200 for 0.1 BTC... Buy they don't really mean anything without a seller.
It is gone, price crashed back to 500 $/BTC From the 2014-09-30 financial statement on that page, I understand that now the fund is managed by Greyscale, and they no longer buy or sell bitcoins and no longer buy or sell shares for dollars (page 31+). Instead, there a 1st level broker and a few 2nd level brokers (including those 4 listed on the page). Those brokers can buy shares from Greyscale with bitcoins only, and will get bitcoins when they sell shares to Grayscale. In other words, it is now the brokers and the investors who must buy and sell the bitcoins on exchanges; Greyscale will just keep them safely until they are redeemed or stolen. My guess is that those bids are just the 2nd level brokers testing the system, and the bids are not being filled because the only authorized sellers are the same 2nd level brokers, and they have no shares to sell. They must either buy some shares from Greyscale, or wait until some of the early BIT investors gives them their shares to sell. I think you need to work on your reading comprehension. what part did he get wrong? |
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empowering
Legendary
Offline
Activity: 1092
Merit: 1442
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March 26, 2015, 08:49:02 PM |
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This DOOOM is too salty, bring me another.
Make it Shnappy.
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AlmostThere881
Newbie
Offline
Activity: 1
Merit: 0
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March 26, 2015, 08:49:09 PM |
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JorgeStolfi
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March 26, 2015, 08:49:48 PM |
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From the 2014-09-30 financial statement on that page, I understand that now the fund is managed by Greyscale, and they no longer buy or sell bitcoins and no longer buy or sell shares for dollars (page 31+). Instead, there a 1st level broker and a few 2nd level brokers (including those 4 listed on the page). Those brokers can buy shares from Greyscale with bitcoins only, and will get bitcoins when they sell shares to Grayscale. In other words, it is now the brokers and the investors who must buy and sell the bitcoins on exchanges; Greyscale will just keep them safely until they are redeemed or stolen.
My guess is that those bids are just the 2nd level brokers testing the system, and the bids are not being filled because the only authorized sellers are the same 2nd level brokers, and they have no shares to sell. They must either buy some shares from Greyscale, or wait until some of the early BIT investors gives them their shares to sell.
I think you need to work on your reading comprehension. What did you understand from that? |
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