Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
tomothy
on 07/04/2015, 18:02:06 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...

SO, hypothetically;

There could be a premium for having funds invested in a licensed OTC Market. You don't have to deal with securing your coins yet you still are screwed if the trusts coins get taken... I guess it could be more palatable to investors to understand how their funds were invested. (In the GBTC units not in some shadowy exchange). I'm assuming there could also be some sort of tax benefits for investment avenues, ira's/roths/etc? But ultimately, coins could be so much cheaper bought on the open market. Is there really enough of a premium to be getting shares in the GBTC vs some thing like coinbase?

I think we will go sideways until Bitlicense is implemented and then all hell will break free. NY Ip's all get banned; DHS seizes Btc-e and Cryptsy. Then Wallstreet rolls in with their licensed ivory towers and gated communities. /Popcorn. Am I overestimating the possible impact of NY regulations? I just see it as both a significant impediment and tipping point. Thoughts?