GBTC Bitcoin Investment Trust Observer

[RoadTrain]

Any update?

[1714832136]

1714832136

[1714832136]

1714832136

[1714832136]

1714832136

[jl2012]

Any update?

No action, will update later

[thecoinjournal]

Any update?

No action, will update later

Will you update the speculation thread as well?

[darlidada]

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

[jl2012]

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

[Pruden]

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

[jl2012]

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

[Bitcoin_is_here_to_stay]

Bought ~341 BTC

[darlidada]

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Is it the NAV thing ? 1 share = 1/10 of a bitcoin ?

If so, is it me or they sell when its low? For instance:

11-Apr-14   38.34   39.2   101144   -555   -0.21   

Why the fuck did they sell ? Am i reading the graph correctly ? I thought they were top pro investors. I'm reading this thread to learn from the pros lol. I'm not even kidding.

If not, would you mind telling us where is the price indicated instead of telling us to read something I'm sure we read 10 times already but we either are 1) not from an english speaking country 2) too noob to figure it out 3) both

[BitchicksHusband]

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Is it the NAV thing ? 1 share = 1/10 of a bitcoin ?

If so, is it me or they sell when its low? For instance:

11-Apr-14   38.34   39.2   101144   -555   -0.21   

Why the fuck did they sell ? Am i reading the graph correctly ? I thought they were top pro investors. I'm reading this thread to learn from the pros lol. I'm not even kidding.

If not, would you mind telling us where is the price indicated instead of telling us to read something I'm sure we read 10 times already but we either are 1) not from an english speaking country 2) too noob to figure it out 3) both

They are not trying to be top pro investors.  They are letting you* get in or out whenever you want at whatever price you* see fit.

(* For values of "you" that include mega-wealthy millionaires.)

[Bitcoin_is_here_to_stay]

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Is it the NAV thing ? 1 share = 1/10 of a bitcoin ?

If so, is it me or they sell when its low? For instance:

11-Apr-14   38.34   39.2   101144   -555   -0.21   

Why the fuck did they sell ? Am i reading the graph correctly ? I thought they were top pro investors. I'm reading this thread to learn from the pros lol. I'm not even kidding.

If not, would you mind telling us where is the price indicated instead of telling us to read something I'm sure we read 10 times already but we either are 1) not from an english speaking country 2) too noob to figure it out 3) both

You have also to take into account that they are only allowed to buy in multiplies of 25k$.

They are by no means top investors - just people who happen to have a spare $25,000 and want to invest it in bitcoin. This is not actively managed fund, Barry buys whenever his retail investors want. Initially, they were only allowed to buy - many of their investors still cannot sell (those who invested in the last 6 months). Yeah, they have history of "buying at the top". Think of them as the richer noobs

[darlidada]

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Is it the NAV thing ? 1 share = 1/10 of a bitcoin ?

If so, is it me or they sell when its low? For instance:

11-Apr-14   38.34   39.2   101144   -555   -0.21   

Why the fuck did they sell ? Am i reading the graph correctly ? I thought they were top pro investors. I'm reading this thread to learn from the pros lol. I'm not even kidding.

If not, would you mind telling us where is the price indicated instead of telling us to read something I'm sure we read 10 times already but we either are 1) not from an english speaking country 2) too noob to figure it out 3) both

You have also to take into account that they are only allowed to buy in multiplies of 25k$.

They are by no means top investors - just people who happen to have a spare $25,000 and want to invest it in bitcoin. This is not actively managed fund, Barry buys whenever his retail investors want. Initially, they were only allowed to buy - many of their investors still cannot sell (those who invested in the last 6 months). Yeah, they have history of "buying at the top". Think of them as the richer noobs

Omg, if thats true, barry must make so much money from these guys. He just has to wait for his phone to ring and his investors litterally give him money. He doesnt even have to call them ! He's waiting for them to make bad calls !

Do you all realise ? It's like a giant casino that taxes its players two times : for the membership and whenever they play.

THIS IS PURE AWESOMENESS

I AM IN AWE

BARRY, I BOW TO YOU

[serenitys]

So everyone going to start buying on Thursdays now? 

[Bitcopia]

So everyone going to start buying on Thursdays now? 

Wednesday night 

[Bitcoin_is_here_to_stay]

Would you mind indicating the bitcoin price at which they buy too ? It's one of the most important thing to know and can help a lot when you are a noob at bitcoin investment

It's not possible as no such data is released

I would be satisfied with that day's closing price in Bitstamp. It would certainly help to appreciate the absolute failure at timing the BIT investors have been consistently achieving over the bear market.

EDIT: Unless there is some delay before publishing figures and they have actually picked the bottoms beautifully.

If you read the OP carefully you should find what you want

Is it the NAV thing ? 1 share = 1/10 of a bitcoin ?

If so, is it me or they sell when its low? For instance:

11-Apr-14   38.34   39.2   101144   -555   -0.21   

Why the fuck did they sell ? Am i reading the graph correctly ? I thought they were top pro investors. I'm reading this thread to learn from the pros lol. I'm not even kidding.

If not, would you mind telling us where is the price indicated instead of telling us to read something I'm sure we read 10 times already but we either are 1) not from an english speaking country 2) too noob to figure it out 3) both

You have also to take into account that they are only allowed to buy in multiplies of 25k$.

They are by no means top investors - just people who happen to have a spare $25,000 and want to invest it in bitcoin. This is not actively managed fund, Barry buys whenever his retail investors want. Initially, they were only allowed to buy - many of their investors still cannot sell (those who invested in the last 6 months). Yeah, they have history of "buying at the top". Think of them as the richer noobs

Omg, if thats true, barry must make so much money from these guys. He just has to wait for his phone to ring and his investors litterally give him money. He doesnt even have to call them ! He's waiting for them to make bad calls !

Do you all realise ? It's like a giant casino that taxes its players two times : for the membership and whenever they play.

THIS IS PURE AWESOMENESS

I AM IN AWE

BARRY, I BOW TO YOU

Yeah, they charge all kind of fees: entry fee, exit fee, management fee . If you sell after a year, I think you will pay them 5%+ for the pleasure .

The Second Markets only job is to keep bitcoins safe for the investors. They are also trying to buy them below market price from the third parties, not sure if it is for their or their investors profit. But to get such a cushy job you have to comply with all kinds of regulations, do ton of paperwork, invest ton of your own money initially - so don't get too jealous
 

[Biodom]

I see now why they are not buying with such gusto anymore.
Coindesk has news that says that at least one of their bank accounts was cancelled. What a bummer.
http://www.coindesk.com/bitcoin-businesses-detail-banking-setbacks-at-us-task-force-hearing/

Annemarie Tierney, general counsel and legal EVP for SecondMarket, told the panel that the high-risk profiling recently cost the company a long-time banking relationship.

She said:

“[The bank] gave us notice yesterday that they wanted to end that banking relationship, in part because our transitions around bitcoin, even though we’re not an MSB or an exchange, [it] raised our risk profile and it was too much work for them to figure it out.”

[elux]

I see now why they are not buying with such gusto anymore.
Coindesk has news that says that at least one of their bank accounts was cancelled. What a bummer.
http://www.coindesk.com/bitcoin-businesses-detail-banking-setbacks-at-us-task-force-hearing/

Annemarie Tierney, general counsel and legal EVP for SecondMarket, told the panel that the high-risk profiling recently cost the company a long-time banking relationship.

I'm at a loss for words. This is just incredible. Shameful. USA, get your shit together.

[Patel]

I guess the SecondMarket Exchange launch for the summer will be postponed since they lost their banking relationship

[gentlemand]

The wording is 'one of their bank accounts'. I assume they'd have to have a committed bank on board to be talking seriously about an exchange.

[Bitcoin_is_here_to_stay]

I see now why they are not buying with such gusto anymore.
Coindesk has news that says that at least one of their bank accounts was cancelled. What a bummer.
http://www.coindesk.com/bitcoin-businesses-detail-banking-setbacks-at-us-task-force-hearing/

Annemarie Tierney, general counsel and legal EVP for SecondMarket, told the panel that the high-risk profiling recently cost the company a long-time banking relationship.

I'm at a loss for words. This is just incredible. Shameful. USA, get your shit together.

Exactly. Have we become China yet or what? Since when hedge funds are suppose to invest in super safe securities and how it is their bank business what Second Market invests in? Sounds almost like April Fool's news