GBTC Bitcoin Investment Trust Observer

[CryptStorm]

Thanks for a wonderful read, yet another great thread here. Cheers! 

[jl2012]

About 980XBT bought with 0.98M$ on 5 Dec

[BitcoinAshley]

About 150XBT was bought yesterday with about 0.2M$. It is really slowed down

Today's numbers should be interesting.

About ~1000 BTC bought.

These guys mean business! They just keep scooping up 1000BTC every couple days... madness.

[seleme]

And then someone says it's same like April, lol 

[elux]

*bump*

Figures for December 6?

[600watt]

*bump*

Figures for December 6?

they bought 'em all 

[jl2012]

About 400XBT bought with 0.37M$

[BitChick]

Just wondering if this drop in price will increase or decrease sales for Second Market.  I would think the wise investors will think it is a great time to get in or get more.  Or will they be afraid to purchase any?  Also, the market is not liquid right now, correct?  So those in the trust are locked into whatever price they paid until around March?  Am I right in that?  I suppose that is a good thing right about now.  I am not sure how that will affect the price when the trust becomes liquid though.  That is a bit of a scary thought really. 

[2_Thumbs_Up]

Just wondering if this drop in price will increase or decrease sales for Second Market.  I would think the wise investors will think it is a great time to get in or get more.  Or will they be afraid to purchase any?  Also, the market is not liquid right now, correct?  So those in the trust are locked into whatever price they paid until around March?  Am I right in that?  I suppose that is a good thing right about now.  I am not sure how that will affect the price when the trust becomes liquid though.  That is a bit of a scary thought really.  

Well, at the very least an investment of the same dollar sum will get them a higher amount of coins right now. So if we assume the inflow of money will be relatively constant, we can expect even more coins to go out of circulation soon.

Personally I think the smart money will wait it out a bit and look for the bottom. After that I expect a big buy from a lot of people that want to jump in at roughly the same time.

I wonder if the trust buys bitcoins in advance or if they have some kind of deal with a company that lets them buy coins on demand the instance someone wants to make an investment.

[ElectricMucus]

pump & dump

[jl2012]

Only 30XBT bought with 200k$. After the Chinese news and weekend crash people are sitting on the sidelines and watch

No bitcoin bought yesterday. The 30XBT is just rounding error. After the Chinese news and weekend crash people are sitting on the sidelines and watch

[byronbb]

I wonder if they ever considering mining.

[chriswilmer]

Only 30XBT bought with 200k$. After the Chinese news and weekend crash people are sitting on the sidelines and watch

300?

[jl2012]

Only 30XBT bought with 200k$. After the Chinese news and weekend crash people are sitting on the sidelines and watch

300?

Sorry, should be 30XBT with 20k$. Since the minimum investment is 250k$ I think this just rounding error

[BitChick]

Are Mondays usually slow for Second Market?  I have a feeling things will really pick up tomorrow when some of their investors notice the price rising again.  They will probably decide the risks are lessening and jump right back in.    I can hope anyways!

[jl2012]

Again, no bitcoin bought yesterday. People are scared away?

[ElectricMucus]

Again, no bitcoin bought yesterday. People are scared away?

pump & dump

[jl2012]

Only 80XBT bought yesterday with 80k$.

[DeathAndTaxes]

Only 30XBT bought with 200k$. After the Chinese news and weekend crash people are sitting on the sidelines and watch

No bitcoin bought yesterday. The 30XBT is just rounding error. After the Chinese news and weekend crash people are sitting on the sidelines and watch

I can check the offering docs but IIRC the min investment is $25,000 not $250,000.  So it could be one small investor.

[jl2012]

Again, no bitcoin bought yesterday. People are scared away?

Men, the fund is only 6 weeks old. Things are progressing quite quickly IMO. They already have over $60 mil invested, which comes to about $10 mil a week!

But this week it is growing significantly slower than before