Quote from: ensurance982 on April 30, 2015, 01:51:42 PM

Quote from: ImI on April 30, 2015, 01:25:05 PM

Quote from: ensurance982 on April 30, 2015, 01:01:13 PM

Quote from: NUFCrichard on April 30, 2015, 06:14:57 AM

Quote from: Chef Ramsay on April 30, 2015, 02:51:26 AM

Make it happen Barry and I'm not talking about Barrack O. At some point soon this SM has to give us a boost.

It will be interesting to see if it does give the market a boost or not.
I know they are buying way way above market rate, but whether the market catches up with their price, or their price falls down to the market price will be the next important piece of information for us after it goes live.

I think there might be a meeting in the middle, with about $290-300 being re-tested.

I guess many people holding shares there may not be willing to sell at current spot prices, because they mostly (if not all) bought at higher prices. If you want to trade price swings, you're better of using one of the regular exchanges!

they could sell and buy instead at coinbase etc. that would 100BTC->150BTC

Yeah, that's what some of them just might do, actually. But I guess there's a reason why they invested in GBTC shares, rather than buying the coins directly: They like the type of investment vehicle, with all its disadvantages and advantages. And that's the very reason they may just stay in that vehicle!

They could sell on OTC and buy again directly from Secondmarket as accredited investors. Only thing they would lose is the ability to sell on OTC for another year. Even that is not so bad, since presumably Secondmarket will unsuspend redemptions at some point.