BitAddict
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Activity: 1190
Merit: 1001
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July 17, 2014, 02:35:51 AM |
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About 600XBT bought since 10-Jul-14
Wohooo!! Finally some action. Thanks for the update.
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jl2012 (OP)
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Activity: 1792
Merit: 1111
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July 22, 2014, 05:03:24 PM |
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About 100XBT bought in the last 3 trading 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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RobertDJ
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July 22, 2014, 08:59:53 PM |
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RE: the lowballers - I believe a couple of points - A) they were surprised they lost or lost by a lot. B) losing makes you want something more C) by bidding they acknowledge to themselves that they would like to own more.
They don't know by how much they lost, unless Tim Draper or some higher bidder told them. Most, if not all, of the losing bidders probably were not "people who wanted more coins" but "people who saw a chance to make easy money if they were lucky and got some coins well below market" (like that guy who bid at 403$). Anyone who has that sort of money and believes that the price will go significantly higher than market should be buying on the exchanges, auction or no auction, until the market price got higher. The fact that the price is now more or less stable ~650$, for example, means that everyone who still has money in hand expects to lose money if he bought for more than that. So I don't think that any of the bidders, not even Draper, bid above 600$ (the max market price on Jun/27); and in fact I believe that they all bid at 550$ or lower. An investor who got the coins at 550$ would be expecting to make 150'000$ profit, from gambling 1.8 1.65 million; or 1.5 million profit, from gambling 18 16.5 million.; which to me does not seem quite enough to justify entering such an uncertain venture. Note that they were putting their own millions in the game, not someone else's. By the same reasoning, if the auction was today, I believe that there would be no bid higher than 600$. It's already been calculated that Second Market's losing bid was $665. No that has been refuted. It isn't possible to deduce their bid from the information they gave. I think there is an argument for second market to disclose their bid so their investors can get a better idea as to what they should bid in the future when there are more similar auctions.
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wachtwoord
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Activity: 2338
Merit: 1136
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July 22, 2014, 09:17:26 PM |
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About 100XBT bought in the last 3 trading days
Picking up the pace again. After the holiday season it will do so even more I reckon.
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Kipsy89
Sr. Member
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Activity: 280
Merit: 250
Relax!
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July 22, 2014, 09:20:07 PM |
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About 100XBT bought in the last 3 trading days
Picking up the pace again. After the holiday season it will do so even more I reckon. Yeah wondered why there is no action anymore! It's flatlining, not very healthy for our rocket ship! When do you think the summer is over - in terms of bitcoin investments starting again?
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wachtwoord
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Activity: 2338
Merit: 1136
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July 22, 2014, 09:28:57 PM |
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About 100XBT bought in the last 3 trading days
Picking up the pace again. After the holiday season it will do so even more I reckon. Yeah wondered why there is no action anymore! It's flatlining, not very healthy for our rocket ship! When do you think the summer is over - in terms of bitcoin investments starting again? I'm not sure whether this is really the case, I merely suspect this. I'm a lot more sure that the flat-line was due to the auction though
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Kipsy89
Sr. Member
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Activity: 280
Merit: 250
Relax!
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July 22, 2014, 10:39:54 PM |
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About 100XBT bought in the last 3 trading days
Picking up the pace again. After the holiday season it will do so even more I reckon. Yeah wondered why there is no action anymore! It's flatlining, not very healthy for our rocket ship! When do you think the summer is over - in terms of bitcoin investments starting again? I'm not sure whether this is really the case, I merely suspect this. I'm a lot more sure that the flat-line was due to the auction though Yeah a silence before the auction makes totally sense! But I also believe there's something to the theory that the hot summer just puts bitcoin on pause. Everyone's on vacation and rests their minds from those shiny golden coins we love so much!
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jl2012 (OP)
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Activity: 1792
Merit: 1111
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July 24, 2014, 03:14:02 AM |
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The fund is growing quite steadily
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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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Merit: 1136
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July 24, 2014, 02:08:46 PM |
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And again >300BTC in 2 days flat
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jl2012 (OP)
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Activity: 1792
Merit: 1111
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July 30, 2014, 05:08:53 PM |
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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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ensurance982
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July 30, 2014, 05:16:05 PM |
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updated
So we've gained a couple BTC, that's a very good sign in these uncertain times of a missing bubble, I'd say.
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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wachtwoord
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Activity: 2338
Merit: 1136
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July 31, 2014, 10:31:16 AM |
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They keep accumulating
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DjPxH
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July 31, 2014, 12:45:04 PM |
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They keep accumulating Very good thing! I hope they keep doing that and maybe even ramp-up their speed when fall comes around the corner!
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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Mobius
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August 02, 2014, 11:01:17 PM |
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They keep accumulating I would say that is not necessarily true. If investors want to cash out then the trust will need to sell bitcoin. It is very similar to people holding their bitcoin at an exchange, just in much larger amounts.
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wachtwoord
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Merit: 1136
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August 03, 2014, 10:54:47 AM |
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They keep accumulating I would say that is not necessarily true. If investors want to cash out then the trust will need to sell bitcoin. It is very similar to people holding their bitcoin at an exchange, just in much larger amounts. Nah, this is aimed at long term investing while an account balance at an exchange is aimed at trading.
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skivrmt
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August 03, 2014, 01:19:54 PM |
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They keep accumulating I would say that is not necessarily true. If investors want to cash out then the trust will need to sell bitcoin. It is very similar to people holding their bitcoin at an exchange, just in much larger amounts. Nah, this is aimed at long term investing while an account balance at an exchange is aimed at trading. I agree this is a long term holding vehicle. It's fees to buy and sell are just too expensive for short term trading. Plus with only monthly liquidity a terrible vehicle for short term trading.
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JorgeStolfi
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August 03, 2014, 01:32:14 PM |
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I agree this is a long term holding vehicle. It's fees to buy and sell are just too expensive for short term trading. Plus with only monthly liquidity a terrible vehicle for short term trading.
And they have a maintenance fee too. Do they still have the six-month minimum holding period?
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Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
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Mobius
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August 03, 2014, 10:36:47 PM |
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They keep accumulating I would say that is not necessarily true. If investors want to cash out then the trust will need to sell bitcoin. It is very similar to people holding their bitcoin at an exchange, just in much larger amounts. Nah, this is aimed at long term investing while an account balance at an exchange is aimed at trading. Yes the BTC investment trust is marketed towards longer term investors, and exchanges market themselves towards traders, however this does not mean that a long term investor is not allowed to use the investment trust, and does not mean that long term investors cannot use an exchange.
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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August 03, 2014, 10:43:32 PM |
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They keep accumulating I would say that is not necessarily true. If investors want to cash out then the trust will need to sell bitcoin. It is very similar to people holding their bitcoin at an exchange, just in much larger amounts. Nah, this is aimed at long term investing while an account balance at an exchange is aimed at trading. Yes the BTC investment trust is marketed towards longer term investors, and exchanges market themselves towards traders, however this does not mean that a long term investor is not allowed to use the investment trust, and does not mean that long term investors cannot use an exchange. Of course it's allowed. It's also stupid so the amount of people doing it will be the minority.
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Bitcopia
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August 08, 2014, 01:59:23 AM |
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Any updates on purchasing?
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