$15,000,000 invested in BTC. These coins now are not for sale for many years

[zeroday]

https://bitcointalk.org/index.php?topic=326513.0

This is why I'm still buying @ ATH

[the_sunship]

wow - great. I just bought more while holding my breath....

[SheHadMANHands]

They're basically pumping the price up, which, at the same time, guarantees more media attention and more New interest in Bitcoin. 

Pretty genius, really.

[Lollaskates]

wow - great. I just bought more while holding my breath....

Likewise, some funds finally moved around and I pumped some more into bitcoin.

[FNG]

34,700 under management as of Nov 5th. Started with 17,800

[zeroday]

I really feel for those who tried to short today.

[rocks]

34,700 under management as of Nov 5th. Started with 17,800

It's facinating that a Wall street investment effort only has 34K coins so far, it shows how much harder it is at each stage to acquire a significant number of coins. The more they buy, the higher the price goes which limits how much they can buy.

Imagine a new BIT being started in 2016, 10K coins by then might be out of reach even for wall street money. Coins will be too spread out and widely held.

What's also facinating is this amount of BTC is nothing to the original adoptors and strong hands. To those that got in in 2011 I'm sure 10K coins is no big deal.

[2_Thumbs_Up]

34,700 under management as of Nov 5th. Started with 17,800

They need at least 55,000+ in order for the math to add up with their 15 million USD invested statement.

I wonder if they are running behind on acquiring bitcoins or if the 34,700 BTC figure has become that out of date in only a few days.

[DeathAndTaxes]

It's facinating that a Wall street investment effort only has 34K coins so far, it shows how much harder it is at each stage to acquire a significant number of coins.

This single effort.  More than one firm has been quietly buying in the background with private money for much longer, no headlines, no splashes just buying month after month off market from companies who could facilitate trades.    

Imagine a new BIT being started in 2016, 10K coins by then might be out of reach even for wall street money. Coins will be too spread out and widely held.

I think you underestimate the amount of money on wallstreet.  If they felt it was a good deal they could buy a lot more.  Think hundreds of billions of dollars, trillions if assets were liquidated or margin was used.

Bitcoin = money.  Wallstreet = money.  It is naive to think those with massive amounts of "the money of today" couldn't acquire a massive amount of "the money of tomorrow".  Most probably won't but it will simply be that they can't see the potential because Bitcoin is so far out of the box it seems impossible to them.  By the time it is obvious that Bitcoin isn't just possible it is everywhere the potential returns will be more normal .  Bitcoin can't keep doubling forever, growth will eventually slow down.

[Melbustus]

...To those that got in in 2011 I'm sure 10K coins is no big deal.

I think you mean 2009/early-2010.

[zeroday]

Imagine what will happen when bitcoin ETF is approved

[vpitcher07]

Imagine what will happen when bitcoin ETF is approved

"Prepare for liftoff". Really wish i had the money to buy now...damn college...

[ThatDGuy]

Imagine what will happen when bitcoin ETF is approved

"Prepare for liftoff". Really wish i had the money to buy now...damn college...

If you're not already doing it, switch to ramen noodles, and put a few bucks into BTC each week!

$20 in BTC per week today could look much different in 3 months, much less 3 years...

[BitchicksHusband]

34,700 under management as of Nov 5th. Started with 17,800

To those that got in in 2011 I'm sure 10K coins is no big deal.

Yeah, it's a pizza.

[Syke]

To those that got in in 2011 I'm sure 10K coins is no big deal.

Yeah, it's a pizza.

Two pizzas, actually.

[BitchicksHusband]

To those that got in in 2011 I'm sure 10K coins is no big deal.

Yeah, it's a pizza.

Two pizzas, actually.

Wow.  What a deal!

[zeroday]

"Prepare for liftoff". Really wish i had the money to buy now...damn college...

Beat the System, take a loan!   

[DeathAndTaxes]

growth will eventually slow down.

yeah, but when,

i wonder if it will be in my lifetime.

Well it would have to.  Went from $1 to $300 in three years (give or take)  For those looking to get rich I am not saying this will still happen but the "same growth" would be 300x per 36 months so $90,000 in 2017, $27M in 2020, $8B in 2023, etc.

Pretty sure that isn't happening.  Global currency supply (M0) is ~$5T that would be ~$250,000 per BTC (2013 dollars) and I can't really see much growth beyond that.

[mb300sd]

"Prepare for liftoff". Really wish i had the money to buy now...damn college...

Beat the System, take a loan!   

There was that guy who dumped in a student loan before it went up to 266... whatever happened to that guy?

[humanitee]

growth will eventually slow down.

yeah, but when,

i wonder if it will be in my lifetime.

Well it would have to.  Went from $1 to $300 in three years (give or take)  For those looking to get rich I am not saying this will still happen but the "same growth" would be 300x per 36 months so $90,000 in 2017, $27M in 2020, $8B in 2023, etc.

Pretty sure that isn't happening.   Global currency supply (M0) is ~$5T that would be ~$250,00 per BTC and I can't really see much growth beyond that.

You underestimate current central bank policies! Bernanks for everyone!