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Author Topic: GBTC Bitcoin Investment Trust Observer  (Read 262354 times)
F-bernanke
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February 28, 2014, 07:31:58 AM
 #261

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 (OP)
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February 28, 2014, 07:41:26 AM
 #262

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.

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TERA
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February 28, 2014, 07:57:20 AM
 #263

1030XBT bought yesterday
SecondMarket is becoming notorious now for completely missing lows and then buying during some extremely overbought condition afterwards.
FNG
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February 28, 2014, 08:00:34 AM
 #264

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
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February 28, 2014, 03:29:00 PM
 #265

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_
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February 28, 2014, 05:45:09 PM
 #266

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  Wink
NChosting
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February 28, 2014, 07:24:48 PM
 #267

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..
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February 28, 2014, 07:33:36 PM
 #268

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
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February 28, 2014, 07:36:57 PM
 #269

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/

 Cheesy
Bitcoin_is_here_to_stay
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March 01, 2014, 02:18:15 AM
 #270

I know somebody explained above that computing how many BTC per day they are buying is a "simple math" Wink So I wanted to try, I have a Ph.D. in mathematics, afterall  Grin 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

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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
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March 01, 2014, 05:23:00 AM
 #271

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
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March 01, 2014, 05:48:29 AM
 #272

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 (OP)
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March 01, 2014, 06:05:15 AM
 #273

I know somebody explained above that computing how many BTC per day they are buying is a "simple math" Wink So I wanted to try, I have a Ph.D. in mathematics, afterall  Grin 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

Quote
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

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derpinheimer
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March 03, 2014, 05:59:20 PM
 #274

 Updates Cheesy?
jl2012 (OP)
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March 03, 2014, 06:02:36 PM
 #275

Updates Cheesy?

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

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Dragonkiller
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March 03, 2014, 06:13:57 PM
 #276

Updates Cheesy?

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
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March 04, 2014, 03:36:15 AM
Last edit: March 05, 2014, 01:27:14 AM by derpinheimer
 #277

Updates Cheesy?

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 (OP)
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March 05, 2014, 05:27:17 AM
 #278

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

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jl2012 (OP)
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March 06, 2014, 04:27:56 AM
 #279

517XBT bought yesterday

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jl2012 (OP)
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March 07, 2014, 03:17:32 AM
 #280

654XBT bought yesterday

Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY)
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