Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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.
Yes, very investors bought in Sep-Oct 2013 when BTC was cheaper than today. (The first ~18'000 BTC apparently were "seed" investment by the fund creators themselves.) Most investment occured between Nov/2013 and May/2014.
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BTW,, there are no "GBTC coins". Those are BIT shares; GBTC is just their ticker symbol on OTCQX, just as AAPL is the symbol for Apple shares on NYSE.