Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Norway
on 07/04/2015, 17:57:17 UTC
Quote from: ensurance982 on April 07, 2015, 05:51:29 PM
Quote from: Norway on April 07, 2015, 05:48:36 PM
Quote from: ensurance982 on April 07, 2015, 05:41:53 PM
I really don't get why anyone would want to sell their GBTC coins at current prices, to be honest... I mean they all bought in at higher prices and they are obviously investors who aren't in for the daily fluctuations, thus they most likely can afford to wait, as well.
The only reason I can see is a good arbitrage opportunity  Wink

Yeah, well... It's a one-way arbitrage to be honest... They'd be out of the GBTC system and into the regular coins. They might prefer staying in that ecosystem for some reason or just don't want to go through all that hassle for 10%...
If anything, this is bullish... Can't see anything bearish about it, really...
They don't really have to get out of the system. They can just get new and fresh issued BIT stocks. (And the current arbitrage is 40%.)