GBTC Bitcoin Investment Trust Observer

[cr1776]

Second Market suspending investments -  what could be the cause? 
what does it mean - where do they keep their coins?

Jesus Christ can we please enforce some newbie rules and get rid of these shit accounts

+1.  No one does any research before they post.

[CryptoNames]

Second Market suspending investments -  what could be the cause? 
what does it mean - where do they keep their coins?

Jesus Christ can we please enforce some newbie rules and get rid of these shit accounts

+1.  No one does any research before they post.

+ Infinity

The conversations on this forum went downhill once the newbie restrictions were abolished.

[jl2012]

490XBT bought yesterday, plus 70XBT on Monday and Tuesday

[seleme]

Not really active buying those 400 coins..

[jl2012]

Not really active buying those 400 coins..

What do you mean by not active buying?

[seleme]

Not really active buying those 400 coins..

What do you mean by not active buying?

I mean they haven't really bought lot of those cheap 400$ coins.

[jl2012]

Not really active buying those 400 coins..

What do you mean by not active buying?

I mean they haven't really bought lot of those cheap 400$ coins.

Yes, it may happen later when the price further settles at or above the current level

[Peter R]

Not really active buying those 400 coins..

What do you mean by not active buying?

I mean they haven't really bought lot of those cheap 400$ coins.

But remember the BIT is an investment trust and not a hedge fund.  They may time their buys somewhat based on market dynamics, but in general they simply buy BTC as new investors deposit $ funds into the BIT.  So the amount of coins they buy is more a measure of the sentiment of new and existing BIT investors, rather than when Barry thinks the market has bottomed.

[seleme]

Yeah, I understand that. But thought they might had people in the line that waited for cheaper coins.

[SpeculateThis]

Not really active buying those 400 coins..

What do you mean by not active buying?

I mean they haven't really bought lot of those cheap 400$ coins.

But remember the BIT is an investment trust and not a hedge fund.  They may time their buys somewhat based on market dynamics, but in general they simply buy BTC as new investors deposit $ funds into the BIT.  So the amount of coins they buy is more a measure of the sentiment of new and existing BIT investors, rather than when Barry thinks the market has bottomed.

+1
Just think of all the market research and analytics they have performed to map out their long term plan. They probably don't want to be placing 5000K+ orders in the dips to rattle the market and grab the attention of us onlookers. The coins right now are dirt cheap to them  

Pair the fact that Gox's years of BS have now been exposed, with the news about the Second Market exchange and its CCMF!

[Peter R]

Yeah, I understand that. But thought they might had people in the line that waited for cheaper coins.

That's a good point seleme.  What I don't know is how fast a BIT investor can inject $ and get Barry to buy; however, I would imagine it is at least one day and possibly more.  If so, BIT is an impractical vehicle (compared to a BitStamp account) for timing the market bottom.

[rjp55]

When does Second Market start operating? 

[TERA]

Wow I would have thought second market would have been one of the whales down there buying up the 400 crash. It leaves me wondering who it was.

[seleme]

There are some rumors that Mark approached them to buy Gox. After they have found out what's going on, they were legally in the red to trade on that information and apparently they are very law abiding firm so their CEO ordered no trades at that point.

[seleme]

Yeah, I understand that. But thought they might had people in the line that waited for cheaper coins.

That's a good point seleme.  What I don't know is how fast a BIT investor can inject $ and get Barry to buy; however, I would imagine it is at least one day and possibly more.  If so, BIT is an impractical vehicle (compared to a BitStamp account) for timing the market bottom.

Unless you send them a money and order them to buy at certain point, like putting a limit order at Bitstamp.

[Peter R]

Yeah, I understand that. But thought they might had people in the line that waited for cheaper coins.

That's a good point seleme.  What I don't know is how fast a BIT investor can inject $ and get Barry to buy; however, I would imagine it is at least one day and possibly more.  If so, BIT is an impractical vehicle (compared to a BitStamp account) for timing the market bottom.

Unless you send them a money and order them to buy at certain point, like putting a limit order at Bitstamp.

Yes, that could be the case. 

I think cypherdoc holds BIT in his 401k.  Perhaps he would know. 

[jl2012]

1030XBT bought yesterday

[F-bernanke]

1030XBT bought yesterday

Thats quite substansial, Obviously Barry does not have concers about the gox situation.

[seleme]

1030XBT bought yesterday

Thats quite substansial, Obviously Barry does not have concers about the gox situation.

Barry is buying for his customers, not for himself.

[derpinheimer]

Nice. I hope we see that trend continue; maybe the media coverage will bring in some investments. Just not on the exchanges.