Quote from: ensurance982 on April 08, 2015, 01:42:14 PM

Quote from: brg444 on April 08, 2015, 01:39:19 PM

Quote from: BitAddict on April 08, 2015, 01:24:05 PM

Quote from: ensurance982 on April 08, 2015, 12:50:07 PM

If I take it correctly, it is pretty easy: Either people are not willing to sell at this moment (hell, how can it be any more bullish than that?) or they just can't sell as of now and it still takes some time, then you can make exactly *zero* conclusions from the lack of trades occurring...

People trapped in the fund, at a loss, not willing to sell doesn't mean it is bullish. It only means they are bagholders. The more bagholders it has, the harder to go up.

I'm not saying it because there are 0 trades right now, which is obvious they couldn't send their shares there. I'm just saying my opinion of what I think is more likely to happen.

Is it not the case that some bought shares of BIT when price was around 100 and are not at a loss but a profit right now?

Do we have an estimate of what percentage of holders that might be?

Isn't the fund only around since late 2013? I mean sure there have still been lower prices, but right now we're approximately at the same levels with a chance for a turnaround. I wouldn't sell right now.

Quote from: JorgeStolfi on April 08, 2015, 12:00:21 AM

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.

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.

http://www.ic.unicamp.br/~stolfi/temp/2015-02-12-smbit-plot.jpg

[ click on plot for full version ]

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.