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Author Topic: Will The Bitcoin Investment Trust affect the price?  (Read 16576 times)
adamstgBit
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September 29, 2013, 12:22:29 AM
 #221

Well priced in or not, I think we're one moderately good to really good piece of news away from getting a huge jump($60+) off positive news/hype accumulation.

we don't need anymore good news.

the SM is not yet "priced in".

"positive news/hype accumulation."

 Tongue

couldn't of said it better myself, there really has been a lot of news, bitcoin is doing very well, there's no question

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ElectricMucus
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September 29, 2013, 12:32:22 AM
 #222

Winkledouche 2.0, more suckers who can't cash out with no liquidity.

nuff said

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September 29, 2013, 12:34:52 AM
 #223

Is there someplace I can see today's share price?
SheHadMANHands
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September 29, 2013, 12:46:15 AM
 #224

Answer to OP...  few days ago.
adamstgBit
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September 29, 2013, 01:34:06 AM
 #225

Is there someplace I can see today's share price?

ya

http://www.bitcointrust.co/


HISTORICAL NET ASSET VALUE/PER SHARE (NAV):*

September 27, 2013:   $13.35
September 26, 2013:   $12.67
September 25, 2013:   $12.88

Kupsi
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September 29, 2013, 01:35:33 AM
 #226

Thank you Adam  Smiley
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September 29, 2013, 01:35:55 AM
 #227

Winkledouche 2.0, more suckers who can't cash out with no liquidity.

nuff said

i lol'd

Quote
LIQUIDITY: To commence no later than March 2014.

 Grin

adamstgBit
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September 29, 2013, 01:39:15 AM
 #228

this fund looks is really good (its BITCOIN!) and its very professional when they open that market up Hopefully sooner than  March 2014. theirs going to be some Big volume their  Wink

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September 29, 2013, 01:45:21 AM
 #229

The next months will be exciting!
FNG
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September 29, 2013, 02:10:05 AM
 #230

this fund looks is really good (its BITCOIN!) and its very professional when they open that market up Hopefully sooner than  March 2014. theirs going to be some Big volume their  Wink
its already taking in money. I believe they cant sell until march though.
BitChick
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September 29, 2013, 02:59:57 AM
 #231

Is there someplace I can see today's share price?

ya

http://www.bitcointrust.co/


HISTORICAL NET ASSET VALUE/PER SHARE (NAV):*

September 27, 2013:   $13.35
September 26, 2013:   $12.67
September 25, 2013:   $12.88

Hopefully the price rises substantially in the next week or two and the potential investors can see how great the ROI can be.  I think most of us here on the forum are savvy enough to get as much BTC as we want and store it securely without the help of a fund like this, but I can see the appeal for sure.  It is harder to buy large quantities than one would think and the storage can be intimidating to many, especially those that are not very technical.  I am excited to see how this grows and affects the price overall.

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
Zangelbert Bingledack
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September 29, 2013, 08:17:31 AM
 #232

HISTORICAL NET ASSET VALUE/PER SHARE (NAV):*

September 27, 2013:   $13.35
September 26, 2013:   $12.67
September 25, 2013:   $12.88

3.65% increase in two days. Assuming that keeps up, that's a 64000% increase in a year. Sounds decent. Wink

Also, could they be using bitcoinaverage.com for the price? It's the closest match I've found. The prices don't match Bitstamp or Gox at all.
Zangelbert Bingledack
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September 29, 2013, 08:24:56 AM
 #233

But seriously, the best part of their investor presentation is this page:



Note how the store-of-value function is way bigger than the rest combined.
msc
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September 29, 2013, 09:34:45 AM
 #234

more suckers who can't cash out with no liquidity.
The fund is for people who are happy holding for 1 to 5 years.  If they needed liquidity right now, there are lots of other things they could invest in.
ElectricMucus
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September 29, 2013, 09:40:36 AM
 #235

more suckers who can't cash out with no liquidity.
The fund is for people who are happy holding for 1 to 5 years.  If they needed liquidity right now, there are lots of other things they could invest in.


This is about the SECOND MARKET GUYS themselves, not the people they are hoping to lure into buying their derivate. They bought more coins than the market can take in this condition and coming up with such a scheme is the only way out for them right now. Of course buying into that would be even more idiotic, but that doesn't stop them from trying.
The Winklevoss are trying the same exact thing, getting rid of their coins without really "selling them", doesn't seem to be working..

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
cypherdoc
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September 29, 2013, 12:09:26 PM
 #236

more suckers who can't cash out with no liquidity.
The fund is for people who are happy holding for 1 to 5 years.  If they needed liquidity right now, there are lots of other things they could invest in.


This is about the SECOND MARKET GUYS themselves, not the people they are hoping to lure into buying their derivate. They bought more coins than the market can take in this condition and coming up with such a scheme is the only way out for them right now. Of course buying into that would be even more idiotic, but that doesn't stop them from trying.
The Winklevoss are trying the same exact thing, getting rid of their coins without really "selling them", doesn't seem to be working..

Still missing the point after all these years...

These guys are barking up the exact same tree I did years ago; that of store of value. Look at ZB's chart there. The name of the game these days is to not lose what you have and hold on to what you earn.

Of course, there  was always the investment potential too.
leemar
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September 29, 2013, 01:12:59 PM
 #237

Does anyone  understand what  they mean about them starting to trade in January?  If I bought now would I get today's price? 

Also what happens if…..

1.    It is over subscribed in a couple of weeks.
or
2.   No one wants any shares.
ElectricMucus
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September 29, 2013, 01:24:01 PM
 #238

How I see it these funds expose one to the same risk of owning Bitcoins with the additional counter party risk and none of the advantages a cryptocurrency has. The only excuse I can come up with is that it is meant to act as a loophole for people managing other peoples money who can't buy Bitcoins. This strikes me as nothing more than a pump and dump scam. Once they sold a sufficient part of their derivate they could even crash the price on the exchanges for a hefty profit.
There are reasons to have Bitcoins besides that but this is entirely toxic shit. I hope they get slammed hard by the FEDs and I am quite positive that they will be.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
wachtwoord
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September 29, 2013, 01:29:17 PM
 #239

Does anyone  understand what  they mean about them starting to trade in January?  If I bought now would I get today's price? 

Also what happens if…..

1.    It is over subscribed in a couple of weeks.
or
2.   No one wants any shares.


You can buy today. Your investment will be non-liquid until trading commences.

Le Happy Merchant
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September 29, 2013, 01:32:38 PM
 #240

Note how the store-of-value function is way bigger than the rest combined.

Well a store of value holds still, holding value. Remittances and transacted currencies flow in a huge cycle through the economy as a whole. I think the numbers are probably accurate, but conceptually misleading.

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