8up
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April 17, 2015, 10:22:14 AM |
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Besides you don't know, if our trusted volume exchanges (I look at you china) are not cheating on us. As long as there is not enough transparency, we should not rule out anything.
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Always wrong until not.
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phoenix1
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April 17, 2015, 11:29:15 AM |
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2 more bids posted for $40 share.
Question is, at what volume to we start to take these prices, let alone the 'ETF', seriously? Not Joking If someone is willing to pay $400 for 10BTC (100 shares) with the market at $226, who gives a shit? He's an idiot A $40 bid on 100 shares means they are paying $4000 for 10 BTC, so I assume that was a typo. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I do agree with your concerns regarding liquidity. It will be interesting to see how well it tracks the price once it starts trading. Not a typo - I was saying that that a bid of $40 for 100 shares translates to $400/coin for a whopping 10BTC. Sorry if not clear ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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coinableS
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April 17, 2015, 07:27:23 PM |
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Updated. Puma Capital, LLC 100 40.00 Maxim Group LLC 100 40.00 Canaccord Genuity Inc 100 37.50 Citadel Securities 100 36.00 KCG Americas LLC 100 35.55 Wedbush Securities Inc 100 31.50 Cantor Fitzgerald & Co 100 25.00 Merriman Curhan Ford & Co 100 20.00 Wall Street Access 100 20.00
2 bids for 400 per coin. Woohoo!
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Ueavt
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April 17, 2015, 07:31:06 PM |
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Updated. Puma Capital, LLC 100 40.00 Maxim Group LLC 100 40.00 Canaccord Genuity Inc 100 37.50 Citadel Securities 100 36.00 KCG Americas LLC 100 35.55 Wedbush Securities Inc 100 31.50 Cantor Fitzgerald & Co 100 25.00 Merriman Curhan Ford & Co 100 20.00 Wall Street Access 100 20.00
2 bids for 400 per coin. Woohoo! And they only want 20 bitcoins, this must be huge for the entire exchange market! Time to move your bid orders from sub $200 to $400 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Bitcoinreminder.com
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April 23, 2015, 01:27:42 PM |
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Bahh... So boring... Are there any news about GBTC?
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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April 23, 2015, 03:24:22 PM |
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Are there any news about GBTC?
Grayscale is hiring.
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Alley
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April 23, 2015, 04:44:54 PM |
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Been almost 4 weeks since announcement. I can't believe in this age it takes this long to transfer sellers shares.
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Bitcoinreminder.com
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April 23, 2015, 04:45:57 PM |
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Yeah.. And I'm getting tired of these "2 weeks tm" jokes.. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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jehst
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April 23, 2015, 07:20:23 PM Last edit: April 23, 2015, 07:36:00 PM by jehst |
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Been almost 4 weeks since announcement. I can't believe in this age it takes this long to transfer sellers shares.
Picture some office in New York City piled high with papers with a few guys in there who totally don't give a shit about any of these company shares talking about sports and taking frequent smoke breaks. It takes up to 6+ weeks to transfer shares so that we can integrate bitcoin into this shit, prehistoric system.
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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ensurance982
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 23, 2015, 08:43:38 PM |
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Been almost 4 weeks since announcement. I can't believe in this age it takes this long to transfer sellers shares.
Picture some office in New York City piled high with papers with a few guys in there who totally don't give a shit about any of these company shares talking about sports and taking frequent smoke breaks. It takes up to 6+ weeks to transfer shares so that we can integrate bitcoin into this shit, prehistoric system. Yeah but this time it really is the fault of people dealing with this professionally, and not some amateurs who are promising the delivery of their mining gear within the next two weeks(TM). I at least expect from them that they pull through with the work within a reasonable amount of time.
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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minerpumpkin
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April 23, 2015, 10:23:44 PM |
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2 more bids posted for $40 share.
Question is, at what volume to we start to take these prices, let alone the 'ETF', seriously? Not Joking If someone is willing to pay $400 for 10BTC (100 shares) with the market at $226, who gives a shit? He's an idiot A $40 bid on 100 shares means they are paying $4000 for 10 BTC, so I assume that was a typo. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I do agree with your concerns regarding liquidity. It will be interesting to see how well it tracks the price once it starts trading. Not a typo - I was saying that that a bid of $40 for 100 shares translates to $400/coin for a whopping 10BTC. Sorry if not clear ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Still, it would be very interesting to see these shares trade above current BTC spot prices. Most of the bids are low volume, sure, but it will still be a historic moment for BTC when the first shares changed hands.
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I should have gotten into Bitcoin back in 1992...
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BitAddict
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April 24, 2015, 09:01:05 AM |
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2 more bids posted for $40 share.
Question is, at what volume to we start to take these prices, let alone the 'ETF', seriously? Not Joking If someone is willing to pay $400 for 10BTC (100 shares) with the market at $226, who gives a shit? He's an idiot A $40 bid on 100 shares means they are paying $4000 for 10 BTC, so I assume that was a typo. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I do agree with your concerns regarding liquidity. It will be interesting to see how well it tracks the price once it starts trading. Not a typo - I was saying that that a bid of $40 for 100 shares translates to $400/coin for a whopping 10BTC. Sorry if not clear ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Still, it would be very interesting to see these shares trade above current BTC spot prices. Most of the bids are low volume, sure, but it will still be a historic moment for BTC when the first shares changed hands. Yes... It will be a historical moment because most of those bidders are probably noobs thinking they are bargaining a whole bitcoin at $40.... They will get crushed in seconds, -50% instant loss... Great!
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JorgeStolfi
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April 24, 2015, 09:38:09 AM |
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Yes... It will be a historical moment because most of those bidders are probably noobs thinking they are bargaining a whole bitcoin at $40.... They will get crushed in seconds, -50% instant loss... Great!
Those "bids", all for exactly 100 shares, cannot be real bids from end investors. They must be only token amounts that the level-2 brokers entered only to have their names listed on that page. The lower-tier brokers, if they care to keep their clients, should be telling them to wait until trading starts before buying in.
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Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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minerpumpkin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 24, 2015, 11:24:29 AM |
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2 more bids posted for $40 share.
Question is, at what volume to we start to take these prices, let alone the 'ETF', seriously? Not Joking If someone is willing to pay $400 for 10BTC (100 shares) with the market at $226, who gives a shit? He's an idiot A $40 bid on 100 shares means they are paying $4000 for 10 BTC, so I assume that was a typo. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I do agree with your concerns regarding liquidity. It will be interesting to see how well it tracks the price once it starts trading. Not a typo - I was saying that that a bid of $40 for 100 shares translates to $400/coin for a whopping 10BTC. Sorry if not clear ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Still, it would be very interesting to see these shares trade above current BTC spot prices. Most of the bids are low volume, sure, but it will still be a historic moment for BTC when the first shares changed hands. Yes... It will be a historical moment because most of those bidders are probably noobs thinking they are bargaining a whole bitcoin at $40.... They will get crushed in seconds, -50% instant loss... Great! It doesn't matter at what price they change hands, the only thing that matters is that those shares of first shares traded it in such a way. I don't really think that those bids are done by mistake. Either they are just token bids, or someone just wants the first shares ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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I should have gotten into Bitcoin back in 1992...
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chriswilmer
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April 24, 2015, 02:46:15 PM |
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So... when do people think GBTC shares will actually go for sale? For some reason I got the impression it was going to be yesterday/today.
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BitAddict
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April 24, 2015, 03:59:49 PM |
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Yes... It will be a historical moment because most of those bidders are probably noobs thinking they are bargaining a whole bitcoin at $40.... They will get crushed in seconds, -50% instant loss... Great!
Those "bids", all for exactly 100 shares, cannot be real bids from end investors. They must be only token amounts that the level-2 brokers entered only to have their names listed on that page. The lower-tier brokers, if they care to keep their clients, should be telling them to wait until trading starts before buying in. Good point!
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minerpumpkin
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April 24, 2015, 05:15:26 PM |
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So... when do people think GBTC shares will actually go for sale? For some reason I got the impression it was going to be yesterday/today.
It looks like no one really knows an answer. All we can do at this point is guess and trust people who have some experience in this field. I think it should happen within the next month, but I'm really not familiar with the processes required for such a trade.
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I should have gotten into Bitcoin back in 1992...
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chriswilmer
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April 24, 2015, 09:32:35 PM |
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So... when do people think GBTC shares will actually go for sale? For some reason I got the impression it was going to be yesterday/today.
It looks like no one really knows an answer. All we can do at this point is guess and trust people who have some experience in this field. I think it should happen within the next month, but I'm really not familiar with the processes required for such a trade. Sounds like they can be sold any minute now! https://twitter.com/GrayscaleInvest/status/591713454400139265
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jehst
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 24, 2015, 09:37:50 PM |
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So... when do people think GBTC shares will actually go for sale? For some reason I got the impression it was going to be yesterday/today.
It looks like no one really knows an answer. All we can do at this point is guess and trust people who have some experience in this field. I think it should happen within the next month, but I'm really not familiar with the processes required for such a trade. Sounds like they can be sold any minute now! https://twitter.com/GrayscaleInvest/status/591713454400139265If you check bitcoinwisdom, you can see that the market doesn't give a shit about this. And for good reason.
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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chriswilmer
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April 24, 2015, 09:39:42 PM |
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So... when do people think GBTC shares will actually go for sale? For some reason I got the impression it was going to be yesterday/today.
It looks like no one really knows an answer. All we can do at this point is guess and trust people who have some experience in this field. I think it should happen within the next month, but I'm really not familiar with the processes required for such a trade. Sounds like they can be sold any minute now! https://twitter.com/GrayscaleInvest/status/591713454400139265If you check bitcoinwisdom, you can see that the market doesn't give a shit about this. And for good reason. I'd give it a week before concluding what the market thinks about this.
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