GBTC Bitcoin Investment Trust Observer

[F-bernanke]

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.

Yes I know, but i assume Barry weights in for timing a 1k+ buy order?

[jl2012]

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.

Yes I know, but i assume Barry weights in for timing a 1k+ buy order?

I guess they may have something like a limit order.

[TERA]

1030XBT bought yesterday

SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.

[FNG]

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.

Yes I know, but i assume Barry weights in for timing a 1k+ buy order?

I guess they may have something like a limit order.

They try to purchase off exchanges. I believe 25 btc minimum if people would like to sell to them..maybe it was 50

[elux]

1030XBT bought yesterday

SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.

Or SecondMarket just gets more phone calls whenever "The Bitcoin" figures on the frontpage of the Wall Street Journal and the Financial Times.

Which reflects poorly on the attention span vs raw analytic capacity of the sophisticated investors they cater to.

[gotmilk_]

1030XBT bought yesterday

SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.

They probably have their stash of btc which are bought at lows and they later just sell those btc to the investors (who probably don't care about the price since they're investing for a long term?) at daily prices... That's why they're buying min 25btc directly from sellers.

I'm sure they are smart enough to make profit out of this 

[NChosting]

1030XBT bought yesterday

SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.

Maybe they are permabulls..

[cosmofly]

1030XBT bought yesterday

SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.

Maybe they are permabulls..

1030XBT bought yesterday

SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.

Maybe they are permabulls..

Or a bunch of idiots

[600watt]

1030XBT bought yesterday

SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.

they are doing great compared to others:

http://qz.com/182637/meet-the-4-25-billion-asset-manager-that-took-a-bath-on-bitcoin/

 

[Bitcoin_is_here_to_stay]

I know somebody explained above that computing how many BTC per day they are buying is a "simple math" So I wanted to try, I have a Ph.D. in mathematics, afterall   and could help you to do this great work. I guess some of you have figured out what is this "historical price of bitcoin" - can you please share? I understand that their total market value is # shares times NAV based on this mysterious "historical price"? TIA

NAV per share for the BIT (capitalized on September 24, 2013) is calculated based on the historical price of bitcoin. If you would like to see how NAV is calculated, please refer to the private placement memorandum.  

[TERA]

1030XBT bought yesterday

SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.

Maybe they are permabulls..

Why would even a permabull buy at 600, AFTER 400? If they are so bullish that they are looking for any buying opportunity, then they should have taken 400 which occurred BEFORE 600 (and would get them more coins also), or even 550 the day before. Instead they waited until after all that until the price was 600. Being a permabull doesn't mean you have to go out of your way to buy more expensive coins. That's not the behavior of a bull; that's the behavior of someone who panicking watching charts.

[skivrmt]

1030XBT bought yesterday

SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.

Maybe they are permabulls..

SecondMarket is buying at particular prices.  Investors are.  They are simply taking orders from those investors. 

[jl2012]

I know somebody explained above that computing how many BTC per day they are buying is a "simple math" So I wanted to try, I have a Ph.D. in mathematics, afterall   and could help you to do this great work. I guess some of you have figured out what is this "historical price of bitcoin" - can you please share? I understand that their total market value is # shares times NAV based on this mysterious "historical price"? TIA

NAV per share for the BIT (capitalized on September 24, 2013) is calculated based on the historical price of bitcoin. If you would like to see how NAV is calculated, please refer to the private placement memorandum.  

The data is updated on their official page every day, and the data for the previous day is removed. So I have to monitor it everyday to compile the table

[derpinheimer]

 Updates ?

[jl2012]

Updates ?

150 on 28th Feb. I guess we may see something really interesting in the coming days

[Dragonkiller]

Updates ?

150 on 28th Feb. I guess we may see something really interesting in the coming days

liquidity has started. i'm not sure how you're calculating these figures but that might have an impact

[derpinheimer]

Updates ?

150 on 28th Feb. I guess we may see something really interesting in the coming days

Not sure how these are normally calculated but I got about +800 for March 3?

And today I get -600? But I dont think im right..

[jl2012]

Updated with new calculation method. Please see OP for details.

[jl2012]

517XBT bought yesterday

[jl2012]

654XBT bought yesterday