Re: SecondMarket Bitcoin Investment Trust Observer

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.

https://bitcointalk.org/index.php?topic=337486.msg6449073#msg6449073

34k+ bought bellow the current price. Question is if those share holders already exit (until it was possible) or they still hold.
Anyway here is also a nice arbitrage for many there... selling old shares for 35$ and buying new bitcoins/shares (as investor into BIT) at current price.