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jehst
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April 03, 2015, 04:22:50 PM |
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I heard that they may be sending out those "e-mails" by the USPS so that they'll have tracking numbers. It may be a few weeks before the shareholders get their statements.
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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phoenix1
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April 03, 2015, 05:25:35 PM |
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I heard that they may be sending out those "e-mails" by the USPS so that they'll have tracking numbers. It may be a few weeks before the shareholders get their statements.
Do USPS only use bicycles ?  This whole thing is starting to look like amateur hour. Wondering if we are being told the whole story here. |
"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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mmortal03
Legendary
Activity: 1762
Merit: 1011
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April 05, 2015, 05:47:05 AM |
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I heard that they may be sending out those "e-mails" by the USPS so that they'll have tracking numbers. It may be a few weeks before the shareholders get their statements.
That's a joke, right? |
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BitAddict
Legendary
Activity: 1190
Merit: 1001
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April 05, 2015, 05:53:22 AM |
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I heard that they may be sending out those "e-mails" by the USPS so that they'll have tracking numbers. It may be a few weeks before the shareholders get their statements.
That's a joke, right? Welcome to the real world. |
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jehst
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April 07, 2015, 04:25:23 AM |
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I heard that they may be sending out those "e-mails" by the USPS so that they'll have tracking numbers. It may be a few weeks before the shareholders get their statements.
That's a joke, right? No, this is a process. It will take time to transfer those shares. |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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Fabrizio89
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April 07, 2015, 04:02:52 PM |
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They said it should start this week?
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BitAddict
Legendary
Activity: 1190
Merit: 1001
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April 07, 2015, 06:25:58 PM |
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They said it should start this week?
Yes, like the two previous weeks.  |
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Fabrizio89
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April 07, 2015, 06:51:37 PM |
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Many more bids today, one is at 35.75
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infovortice2013
Legendary
Activity: 1176
Merit: 1000
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April 07, 2015, 06:56:56 PM |
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They said it should start this week?
Yes, like the two previous weeks. jajaja this man is waiting since 2013 the pump to sell his 1200$ btc |
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ElectricMucus
Legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 07, 2015, 07:00:27 PM |
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inb4 secondmarket exit scam |
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marcus_of_augustus
Legendary
Activity: 3920
Merit: 2352
Eadem mutata resurgo
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April 07, 2015, 08:56:50 PM |
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Many more bids today, one is at 35.75
bids for $1000/btc go through on localbitcoins.com sometimes too ... |
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Vlad2Vlad
Legendary
Activity: 3192
Merit: 1609
www.ixcoin.net
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April 08, 2015, 01:05:28 AM |
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Many more bids today, one is at 35.75
bids for $1000/btc go through on localbitcoins.com sometimes too ... Bids don't mean actually executed orders and $35.75 means $350 per Bitcoin, a far stretch from $1,000. And I bet the $1000/BTC bids on local Bitcoins are people trying to get lucky from uneducated buyers and rarely and few such orders would ever happen. Finally, nobody watches localbitcoins while BIT is being watched by everyone, including the media and if we start getting orders being executed at way above market value and with any regularity then I would expect a lot of press and I would expect arbitrage players to quickly close the gap by driving the price of Bitcoin up. |
iXcoin - Welcome to the F U T U R E! |
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Cconvert2G36
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April 08, 2015, 01:35:00 AM |
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Updated with new bid from Maxim Group LLC today. Maxim Group LLC 100 35.75
KCG Americas LLC 100 35.55
Canaccord Genuity Inc 100 35.51
Wedbush Securities Inc 100 31.50
Citadel Securities 143 25.00
Puma Capital, LLC 100 25.00
Merriman Curhan Ford & Co 100 20.00
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backb
Newbie
Activity: 12
Merit: 0
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April 08, 2015, 01:38:43 AM |
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Updated with new bid from Maxim Group LLC today. Maxim Group LLC 100 35.75
KCG Americas LLC 100 35.55
Canaccord Genuity Inc 100 35.51
Wedbush Securities Inc 100 31.50
Citadel Securities 143 25.00
Puma Capital, LLC 100 25.00
Merriman Curhan Ford & Co 100 20.00
Wow a lot! That's total 743 shares !! 74 BTC bids !!! Looks like some serious wall street rich guys are geting in and the massive adoption demand ! Time to cheat more greater fools to buy so you can dump your bags ! |
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Cconvert2G36
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April 08, 2015, 01:45:06 AM |
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I find the list of participants more interesting than the prices and number of shares, both of which will instantly change when someone decides they would like to sell their "bagholding" BIT shares.
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marcus_of_augustus
Legendary
Activity: 3920
Merit: 2352
Eadem mutata resurgo
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April 08, 2015, 09:21:10 AM |
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Many more bids today, one is at 35.75
bids for $1000/btc go through on localbitcoins.com sometimes too ... Bids don't mean actually executed orders and $35.75 means $350 per Bitcoin, a far stretch from $1,000. And I bet the $1000/BTC bids on local Bitcoins are people trying to get lucky from uneducated buyers and rarely and few such orders would ever happen. Finally, nobody watches localbitcoins while BIT is being watched by everyone, including the media and if we start getting orders being executed at way above market value and with any regularity then I would expect a lot of press and I would expect arbitrage players to quickly close the gap by driving the price of Bitcoin up. ... point being it is like the butchers shop in the old Soviet Union "oh those prices are for sausages that don't exist maam" at least lowly localbitcoins has actual trades but bids without trades are just fantasy markets. |
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phoenix1
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April 08, 2015, 09:35:06 AM
Last edit: April 08, 2015, 10:10:47 AM by phoenix1 |
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Is there a way to find out how many tradeable shares in GBTC have been created through the 'conversion process'?
If I understand correctly, SMBIT stakeholders have to 'convert' their 'stake' to GBTC shares in order to be able to sell them. As such, one would expect there to be a way to track this as it is effectively the max liquidity pool in the 'EFT' at any given time.
If nobody is converting, nothing can happen. Who would invest without knowing approx how many tradeable shares there are, not just how many are eligible for conversion?Personally I am expecting a low liquidity 'fail', and probably a more volatile price than BTC itself, but lets wait and see  EDIT: Just been looking back over the thread and it seems my interpretation was incorrect. No 'conversion' needs to take place and 'eligible sellers' will be sent share certificates with instructions on how to sell it they so desire. So why the hell is it taking so long ?? |
"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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gotmilk_
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April 08, 2015, 12:25:16 PM |
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Is there a way to find out how many tradeable shares in GBTC have been created through the 'conversion process'?
If I understand correctly, SMBIT stakeholders have to 'convert' their 'stake' to GBTC shares in order to be able to sell them. As such, one would expect there to be a way to track this as it is effectively the max liquidity pool in the 'EFT' at any given time.
If nobody is converting, nothing can happen. Who would invest without knowing approx how many tradeable shares there are, not just how many are eligible for conversion?Personally I am expecting a low liquidity 'fail', and probably a more volatile price than BTC itself, but lets wait and see EDIT: Just been looking back over the thread and it seems my interpretation was incorrect. No 'conversion' needs to take place and 'eligible sellers' will be sent share certificates with instructions on how to sell it they so desire. So why the hell is it taking so long ?? Maybe sellers already got certificates but they are not willing to sell? After all this are long term investors... Many probably won't even look at those certificates for next 5 years. |
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phoenix1
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April 08, 2015, 12:32:55 PM |
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Maybe sellers already got certificates but they are not willing to sell? After all this are long term investors... Many probably won't even look at those certificates for next 5 years.
I think this is quite likely to be the outcome, hence why I think it will be a low liquidity fail |
"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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BitAddict
Legendary
Activity: 1190
Merit: 1001
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April 08, 2015, 12:45:54 PM |
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I indeed think BIT hodlers won't be interested in selling unless a high price is offered to them, since most of them are underwater.
The main question is why on hell someone on his sane mind would prefer to pay a high premium for the BIT shares, that are worse than bitcon itself, you have to pay maintenance fees and you can only sell in their own platform. If liquidity there dies you are trapped big time.
Everybody is expeting greater fools paying high premium for this shares, but I highly doubt it will happen (more than the initial rush).
So I bet this market won't have volume at all, unless first we see a big decline or a big rally and that shares starts to move.
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