ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 13, 2015, 05:58:01 PM |
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Fatman3001
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Activity: 1554
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Make Bitcoin glow with ENIAC
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May 13, 2015, 06:04:52 PM |
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Trading taking off on GBTC. 25BTC.
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mladen00
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K-ing®
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May 13, 2015, 06:08:03 PM |
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250 before friday, i hope in june 300+
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Specular
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Activity: 180
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dApps Development Automation Platform
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May 13, 2015, 06:20:22 PM |
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Trading taking off on GBTC. 25BTC.
 lol This GBTC thing has been interesting/funny to watch. People buying an illiquid BTC proxy at 2x the underlying value...
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Fatman3001
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Make Bitcoin glow with ENIAC
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May 13, 2015, 06:28:55 PM |
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Trading taking off on GBTC. 25BTC.
lol This GBTC thing has been interesting/funny to watch. People buying an illiquid BTC proxy at 2x the underlying value... Kind of fun to think that if just about anyone on this forum dumps their load they're gonna beat the GBTC trading volume. 
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ChartBuddy
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 13, 2015, 06:57:53 PM |
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podyx
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Merit: 1035
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May 13, 2015, 07:07:24 PM |
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Trading taking off on GBTC. 25BTC.
img]https://i.imgur.com/EKcqIqc.gif[/img] lol This GBTC thing has been interesting/funny to watch. People buying an illiquid BTC proxy at 2x the underlying value... I think the OTC market has a rather high price too, wouldn't surprise me if it's averaging around $500-$600 at this moment. There IS a genuine demand for bitcoin, you better believe it. It's just gonna take a while for all the infrastructure and technological improvements to get in place.
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Fatman3001
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Activity: 1554
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Make Bitcoin glow with ENIAC
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May 13, 2015, 07:21:13 PM |
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Trading taking off on GBTC. 25BTC.
img]https://i.imgur.com/EKcqIqc.gif[/img] lol This GBTC thing has been interesting/funny to watch. People buying an illiquid BTC proxy at 2x the underlying value... I think the OTC market has a rather high price too, wouldn't surprise me if it's averaging around $500-$600 at this moment. There IS a genuine demand for bitcoin, you better believe it. It's just gonna take a while for all the infrastructure and technological improvements to get in place. 
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bassclef
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May 13, 2015, 07:26:25 PM |
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The remaining bears are getting frothy over on finex. I wonder how long it will take before they realize most of their friends have gone home.
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Wandererfromthenorth
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May 13, 2015, 07:33:56 PM |
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This move should be big. If it breaks down, go all in short. If it break up, go all in long  Hopefully in a few hours we have the verdict (if not we'll have to wait until tomorrow, booooring) 
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Mrpumperitis
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May 13, 2015, 07:39:20 PM |
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hmmm , might not break 250 this week...tonight could be interesting...
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Wings1987
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May 13, 2015, 07:52:58 PM |
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If we get a break up I would be shocked if it doesn't pass $250. A lot of the resistance has "disappeared"
There also was about 4000 BTC between 258 and 260. That has been cut in half today.
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Fatman3001
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Make Bitcoin glow with ENIAC
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May 13, 2015, 07:58:42 PM |
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250 before friday, i hope in june 300+
no way Just lean back and watch the bull run, Bitcoin style. I jinxed it, we're going down
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ChartBuddy
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Activity: 2660
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 13, 2015, 07:59:33 PM |
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lemmyK
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May 13, 2015, 08:01:17 PM |
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If we get a break up I would be shocked if it doesn't pass $250. A lot of the resistance has "disappeared"
There also was about 4000 BTC between 258 and 260. That has been cut in half today.
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DieJohnny
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May 13, 2015, 08:57:43 PM |
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Can someone explain to me GBTC owns X number of BTC, they provide X shares of BTC which trade at 2X btc price.
How does GBTC impact in any way the market price of BTC, they don't buy more BTC, do they have plans to add to their BTC holdings?
I get that over a 20 year period GBTC would be nice from a tax perspective, but other than that who cares......? why is GBTC even interesting for broader BTC world?
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ChartBuddy
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 13, 2015, 08:57:52 PM |
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old fart
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Bitcoin is the future
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May 13, 2015, 09:18:11 PM |
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Can someone explain to me GBTC owns X number of BTC, they provide X shares of BTC which trade at 2X btc price.
How does GBTC impact in any way the market price of BTC, they don't buy more BTC, do they have plans to add to their BTC holdings?
I get that over a 20 year period GBTC would be nice from a tax perspective, but other than that who cares......? why is GBTC even interesting for broader BTC world?
As far as I'm concerned GBTC is too small to matter. It doesn't affect anything.
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