jl2012 (OP)
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May 28, 2014, 02:50:20 AM |
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Some 300XBT bought yesterday
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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zoinky
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 28, 2014, 04:41:46 AM |
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Some 300XBT bought yesterday
Glad to see them buying some again. Thanks for your work!
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Bitcopia
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 28, 2014, 05:14:48 AM |
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Some 300XBT bought yesterday
Glad to see them buying some again. Thanks for your work! Me too. I was getting worried for a second there!
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jl2012 (OP)
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May 30, 2014, 05:00:05 AM |
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about 80XBT net buying in the last 2 days
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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derpinheimer
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June 04, 2014, 09:53:41 PM |
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Did you died? ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif)
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BitAddict
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June 04, 2014, 10:54:58 PM |
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Did you died? ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) I think Second Market did. Bitcoin price is moving fast and they are not buying or selling. We want some action back ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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ErisDiscordia
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Imposition of ORder = Escalation of Chaos
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June 04, 2014, 11:01:54 PM |
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Did you died? ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) I think Second Market did. Bitcoin price is moving fast and they are not buying or selling. We want some action back ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Their behavior (their clients behavior) seems intelligent - they were accumulating during the period of low prices and now they are neither buying nor selling, they are hodling.
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It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
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BitAddict
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June 04, 2014, 11:05:15 PM |
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Did you died? ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) I think Second Market did. Bitcoin price is moving fast and they are not buying or selling. We want some action back ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Their behavior (their clients behavior) seems intelligent - they were accumulating during the period of low prices and now they are neither buying nor selling, they are hodling. Not really, they bought most of them between $700 and $1,100 https://bitcointalk.org/index.php?topic=337486.msg6449073#msg6449073
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jl2012 (OP)
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June 05, 2014, 02:42:14 AM |
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Updated. ~300 bought and ~100 sold Did you died? ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) No trolling here please
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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jl2012 (OP)
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June 06, 2014, 04:05:33 AM |
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Updated. It is already 5th June but they have not updated the investor presentation. It's a bit unusual http://www.bitcointrust.co/thank-you-for-your-information/
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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wachtwoord
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June 06, 2014, 11:56:25 AM |
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Updated. ~300 bought and ~100 sold Did you died? ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) No trolling here please They see to be buying on Tuesdays now ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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wachtwoord
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June 10, 2014, 12:03:55 AM |
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Any updates?
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Carra23
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Need a campaign manager? PM me
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June 10, 2014, 12:25:17 AM |
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Did you died? ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) I think Second Market did. Bitcoin price is moving fast and they are not buying or selling. We want some action back ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Their behavior (their clients behavior) seems intelligent - they were accumulating during the period of low prices and now they are neither buying nor selling, they are hodling. Not really, they bought most of them between $700 and $1,100 https://bitcointalk.org/index.php?topic=337486.msg6449073#msg6449073They are already at a big loss then. Why do not they do short term speculation?
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JorgeStolfi
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June 10, 2014, 01:15:29 AM |
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They are already at a big loss then. Why do not they do short term speculation? AFAIK, the way the fund works, SecondMarket makes money (fees) whatever happens to the price. It is the people who invest in the fund (i.e. who buy their shares) who assume all the risk. Specifically, the investors who bought SMBIT shares when the BTC price was below 650$ are currently happy, the others are currently at unhappy. The investors cannot do anything for the first six months; after which all they can do is liquidate their shares, at a price proprtional to the current BTC market price. Thus SMBIT does not have to do any smart trading: it could just buy when someone invests, sell when someone liquidates, always at the current market price, and it would still make a good profit. SMBIT could make some extra money, for itself and/or for their investors, by playing the market with the coins that they are holding for their investors; but I assume that they are prohibited to do so by the contract, even if the investors wanted them to. Is this correct?
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Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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jl2012 (OP)
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June 10, 2014, 02:20:43 AM |
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updated
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Donation address: 374iXxS4BuqFHsEwwxUuH3nvJ69Y7Hqur3 (Bitcoin ONLY) LRDGENPLYrcTRssGoZrsCT1hngaH3BVkM4 (LTC) PGP: D3CC 1772 8600 5BB8 FF67 3294 C524 2A1A B393 6517
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Carra23
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June 10, 2014, 03:51:31 PM |
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They are already at a big loss then. Why do not they do short term speculation? AFAIK, the way the fund works, SecondMarket makes money (fees) whatever happens to the price. It is the people who invest in the fund (i.e. who buy their shares) who assume all the risk. Specifically, the investors who bought SMBIT shares when the BTC price was below 650$ are currently happy, the others are currently at unhappy. The investors cannot do anything for the first six months; after which all they can do is liquidate their shares, at a price proprtional to the current BTC market price. Thus SMBIT does not have to do any smart trading: it could just buy when someone invests, sell when someone liquidates, always at the current market price, and it would still make a good profit. SMBIT could make some extra money, for itself and/or for their investors, by playing the market with the coins that they are holding for their investors; but I assume that they are prohibited to do so by the contract, even if the investors wanted them to. Is this correct? So if they are not doing anything, why would any investor invest? Easier to get a stake in Bitcoins through this method?
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BitAddict
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2014, 04:31:35 PM |
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They are already at a big loss then. Why do not they do short term speculation? AFAIK, the way the fund works, SecondMarket makes money (fees) whatever happens to the price. It is the people who invest in the fund (i.e. who buy their shares) who assume all the risk. Specifically, the investors who bought SMBIT shares when the BTC price was below 650$ are currently happy, the others are currently at unhappy. The investors cannot do anything for the first six months; after which all they can do is liquidate their shares, at a price proprtional to the current BTC market price. Thus SMBIT does not have to do any smart trading: it could just buy when someone invests, sell when someone liquidates, always at the current market price, and it would still make a good profit. SMBIT could make some extra money, for itself and/or for their investors, by playing the market with the coins that they are holding for their investors; but I assume that they are prohibited to do so by the contract, even if the investors wanted them to. Is this correct? So if they are not doing anything, why would any investor invest? Easier to get a stake in Bitcoins through this method? Some people with lot of money just want to invest in bitcoin, but they don't have the time to learn or they don't want to deal with it. (specially old fashined ones)
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JorgeStolfi
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 10, 2014, 06:51:01 PM |
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So if they are not doing anything, why would any investor invest? Easier to get a stake in Bitcoins through this method?
Others have explained: among other things, the investors * do not have to register and interact with dubious exchanges; * can invest largish amounts without slippage; * do not need to worry about computer security; * can use some retirement money that cannot be applied in bitcoin directly. These reasons seem to be enough for some people.
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Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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wachtwoord
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June 10, 2014, 07:23:03 PM |
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updated
Thanks! Slow and gradual continued buying. I like it.
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gog1
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June 10, 2014, 10:48:22 PM |
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since the site show 2 decimal places for net asset, please consider adding that. Thanks.
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