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Norway
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May 05, 2015, 05:26:14 PM |
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My mind is boggled. That's about $25,000... so it meets the minimum bid requirements for the BIT. You can immediately arbitrage that if you re-buy the BIT. *argh*! This is just playing / probing to these guys. Let's take a look at one of the bidders, Citadel. From Wikipedia: "Citadel is the eleventh largest hedge fund manager in the world, and the second largest multi-strategy hedge fund manager in the world."But keep in mind that the total volume of matured GBTC stocks is less than 150,000 bitcoin. Not much in the big picture. That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...) What do you mean I'm incorrect? Be specific please. |
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Fanbx
Newbie
 Offline
Activity: 2
Merit: 0
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May 05, 2015, 05:31:09 PM |
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My mind is boggled. That's about $25,000... so it meets the minimum bid requirements for the BIT. You can immediately arbitrage that if you re-buy the BIT. *argh*! This is just playing / probing to these guys. Let's take a look at one of the bidders, Citadel. From Wikipedia: "Citadel is the eleventh largest hedge fund manager in the world, and the second largest multi-strategy hedge fund manager in the world."But keep in mind that the total volume of matured GBTC stocks is less than 150,000 bitcoin. Not much in the big picture. That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...) What do you mean I'm incorrect? Be specific please. You are trying to fud people to believe that it's Citadel itself buying GBTC as a big deal, which is incorrect! |
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sleger
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May 05, 2015, 05:31:44 PM |
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My mind is boggled. That's about $25,000... so it meets the minimum bid requirements for the BIT. You can immediately arbitrage that if you re-buy the BIT. *argh*! This is just playing / probing to these guys. Let's take a look at one of the bidders, Citadel. From Wikipedia: "Citadel is the eleventh largest hedge fund manager in the world, and the second largest multi-strategy hedge fund manager in the world."But keep in mind that the total volume of matured GBTC stocks is less than 150,000 bitcoin. Not much in the big picture. That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...) What do you mean I'm incorrect? Be specific please. I thought that was clear already : Citadel is not the bidder. |
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TakeTheSkyRoad
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May 05, 2015, 05:38:14 PM |
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You are trying to fud people to believe that it's Citadel itself buying GBTC as a big deal, which is incorrect!
Is that FUD ? Isn't that more like HOB ? (Hope, Optimism & Belief) (if anyone can think of a good "E" to swap for Belief then go for it, HOE beats HOB) |
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Norway
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May 05, 2015, 05:43:36 PM |
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My mind is boggled. That's about $25,000... so it meets the minimum bid requirements for the BIT. You can immediately arbitrage that if you re-buy the BIT. *argh*! This is just playing / probing to these guys. Let's take a look at one of the bidders, Citadel. From Wikipedia: "Citadel is the eleventh largest hedge fund manager in the world, and the second largest multi-strategy hedge fund manager in the world."But keep in mind that the total volume of matured GBTC stocks is less than 150,000 bitcoin. Not much in the big picture. That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...) What do you mean I'm incorrect? Be specific please. I thought that was clear already : Citadel is not the bidder. Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem  |
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JimboToronto
Legendary
Offline
Activity: 4494
Merit: 5813
You're never too old to think young.
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May 05, 2015, 05:43:44 PM |
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You are trying to fud people to believe that it's Citadel itself buying GBTC as a big deal, which is incorrect!
Is that FUD ? Isn't that more like HOB ? (Hope, Optimism & Belief) (if anyone can think of a good "E" to swap for Belief then go for it, HOE beats HOB) Expectation? ____ Some people use FUD as a general term for propaganda, not thinking about what the acronym stands for. Obviously trying to influence people in a positive manner is neither fear, uncertainty nor despair. |
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Bagatell
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May 05, 2015, 05:44:37 PM |
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Enthusiasm?
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empowering
Legendary
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Activity: 1092
Merit: 1442
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May 05, 2015, 05:45:19 PM |
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Erections?
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JimboToronto
Legendary
Offline
Activity: 4494
Merit: 5813
You're never too old to think young.
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May 05, 2015, 05:50:00 PM |
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Erections?
3 seconds too late.So my new pick: Extasy? MMDA? |
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Norway
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May 05, 2015, 05:51:24 PM |
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Very funny guys, but I also had this paragraph:
"But keep in mind that the total volume of matured GBTC stocks is less than 150,000 bitcoin. Not much in the big picture."
The point is, it's huge liquidity on the bid side, but not on the ask side.
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spooderman
Legendary
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Activity: 1708
Merit: 1047
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May 05, 2015, 05:51:53 PM |
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wow that looks very dangerous! (the fellow doing the slinging on top of the cliff gif)
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sleger
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May 05, 2015, 05:52:07 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. |
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Jammalan the Prophet
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May 05, 2015, 05:53:02 PM |
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Erections?
3 seconds too late.So my new pick: Extasy? MMDA? Yeah, the only stuff that could really bring bitcoin to the moon  |
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ChartBuddy
Legendary
Offline
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 05, 2015, 05:58:00 PM |
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TakeTheSkyRoad
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May 05, 2015, 05:59:42 PM |
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Erections?
3 seconds too late.So my new pick: Extasy? MMDA? Yeah, the only stuff that could really bring bitcoin to the moon More like the only stuff that could make everyone here happy (maybe even Dr Stolfi, tough call though) |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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May 05, 2015, 06:01:51 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. How do you know? |
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Norway
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May 05, 2015, 06:04:37 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. I know that they are hedgefund managers. They manage the largest funds in the world. I also know what a hedgefund manager is. I don't understand what the problem is? |
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sleger
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May 05, 2015, 06:06:31 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. How do you know? The bid is from Citadel Securities. |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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May 05, 2015, 06:07:52 PM |
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Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem Believe what you want, but Citadel is not taking a long position on GBTC. How do you know? The bid is from Citadel Securities. Right. I seem to recall a story on reddit about bitcoin citadels. Makes sense. |
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