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Author Topic: GBTC Bitcoin Investment Trust Observer  (Read 256792 times)
Zangelbert Bingledack
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November 22, 2013, 02:51:17 PM
 #21


Is this their address? And why was most of it just moved?
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jl2012
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November 22, 2013, 03:03:01 PM
 #22


obviously not. This address has been in use since 2012

Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
bitcodo
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November 22, 2013, 03:55:34 PM
 #23

Not good with paint, but I guess you get my point.

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November 22, 2013, 07:35:19 PM
 #24

Not good with paint, but I guess you get my point.



Is QKOS related to second market?
jl2012
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November 23, 2013, 03:48:54 PM
 #25

OP updated. BIT bought 3000XBT yesterday

Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
Zangelbert Bingledack
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November 23, 2013, 04:41:25 PM
 #26

600watt
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November 23, 2013, 05:57:51 PM
 #27



the timing is big with this one...

respect, mr silbert.
True___Blue
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November 23, 2013, 11:52:28 PM
 #28

So wtf is an XBT and how is it influencing the price of BTC?

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November 23, 2013, 11:54:31 PM
 #29

So wtf is an XBT and how is it influencing the price of BTC?

XBT = BTC    Wink

just different naming
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November 23, 2013, 11:58:11 PM
 #30

So wtf is an XBT and how is it influencing the price of BTC?

XBT = BTC    Wink

just different naming

oh, then it makes more sense.  I don't see the point of buying "shares" of Secondmarket when you could buy actual bitcoin, but whatever works.

drnick
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November 24, 2013, 12:35:34 AM
 #31

oh, then it makes more sense.  I don't see the point of buying "shares" of Secondmarket when you could buy actual bitcoin, but whatever works.

I think buying shares opens it up to tax-free retirement accounts.

1DrNick41cvjJ4Z9cLja7xKeUtrGyysRcz
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November 24, 2013, 01:13:19 AM
 #32

Anyone know how they calculate Net Asset Value? On the site it says it explained in th private placement memorandum, which you need an account to see.


Typically with ETFs the net asset value is equal to the total value of the fund divided by the number of outstanding and issued shares.  Second Market bitcoin invenstment trust issue shares called "BIT's", and 1 BIT share is equal to .1 BTC.  Therefore the fund has 590,140 shares issued and outstanding, with total value of $41.9 million, with a $71 NAV

Zangelbert Bingledack
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November 24, 2013, 11:02:01 AM
 #33

Max Keiser interviews Second Market's Barry Silbert:

http://www.youtube.com/watch?v=V5azCsoadoc&t=13m5s


He says he bought in years ago. I wonder if he's another of the Bitcoin rich.
mccoyspace
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November 24, 2013, 03:29:00 PM
 #34

Max Keiser interviews Second Market's Barry Silbert:

http://www.youtube.com/watch?v=V5azCsoadoc&t=13m5s


He says he bought in years ago. I wonder if he's another of the Bitcoin rich.

I think he is just one of the merely rich.
jl2012
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November 26, 2013, 02:35:30 AM
 #35

OP updated. 1kXBT bought on 25 Nov.

Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
BitChick
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November 26, 2013, 02:39:47 AM
 #36

So wtf is an XBT and how is it influencing the price of BTC?

XBT = BTC    Wink

just different naming

Any reason for the X and removal of the C?  Just curious.  

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
jl2012
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November 26, 2013, 02:49:23 AM
 #37

So wtf is an XBT and how is it influencing the price of BTC?

XBT = BTC    Wink

just different naming

Any reason for the X and removal of the C?  Just curious.  

http://en.wikipedia.org/wiki/ISO_4217

X means non-sovereign currency. And XBC is already occupied

It is not offical ISO4217 code yet, but xe.com has adopted XBT as the code for bitcoin: http://www.xe.com/currency/xbt-bitcoin

Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3
PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
600watt
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November 26, 2013, 10:04:55 AM
 #38

silbert bought 60k btc in 60 days?


wow.

all miners do 3600 a day. when halving comes around that will shrink to 1800 per day. we all remember what happened after the last halving.


we need a new word:

to silberting

when one buys a massive amount of bitcoin so regurlaly, that it acts almost like a halving.


"barry is silbertingin´again"  Grin  
Zangelbert Bingledack
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November 26, 2013, 10:35:44 AM
 #39

Kaiji
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November 26, 2013, 11:34:51 AM
 #40



For the economically illiterate, what is secondmarket? How can you sell shares in bitcoin? Is it an investment in a mining company?
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