Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

How did GBTC react to the dump? Could they be added to chartbuddy? We need to know the REAL price for BTC. Why can´t i find their REAL price on any other exchange? Could somebody please explain again? I don´t understand! Embarrassed

GBTC data from OTCQX page at end of each day:


Date             day's price range      day's volume
---------------+----------------------+-------------
2015-05-04        37.98 --   42.00               765
2015-05-05        55.00 --   94.86               435
2015-05-06         N/A  --    N/A                125

According to a post on the SecondMarket Observer thread, when OTCQX updates the GBTC quote page, it ignores any trades smaller than 100 shares (10 BTC). That is why the daily price range for today is shown as "N/A--N/A" ("not available") even though 125 shares were traded today. Also, OTCQX has the same working hours as NYSE.

I don't think one can get better data from other sources; they can only get it from OTCQX. Paying clients of OTCQX apparently have access to the trade log; perhaps someone can find some such client who would leak some hints...

EDIT: by the way, OTCQX is not like an ordinary stock or bitcoin exchange. They seem to be more like a central database that collects and merges information from registered brokers; it is the brokers who keep the client's shares and execute the trades. Right?

The bloomberg feed seems to display the complete dataset. I don't have access to this, but saw a screenshot in this thread a few days back which showed the various, small Asks I had set which were not visible elsewhere.

I sold 60 shares today at $65. Depending on which view you look at, that is either displayed or not.

This will all be moot when <100-share orders become noise.
It is unfortunate that in the bootstrap phase, over-generalized outlier rules remove much-needed visibility into whatever market activity does exist.

The most notable two events, in my mind, for the day were the utter lack of volume (no new BIT sellers), and a significant increase in the volume of Bids at $65. The amount increased as the day went on.

That said, in 3 days we have _not_ exploded upwards. It would take a single 1000 share seller to put the 50000 share Maxim order at $35 to the top of the list.

I played it safe, took the 50% gain with most of my remaining stake, and called it a day.

Continuing to watch with interest.

glad to see GBTC is now trading, but it make 0 sence to me that theres no one willing to get out of GBTC @ 650 and or placing sell orders above 650. Out of 1.4 millions shares 100 are up for sale, and at 4X stamps price, kinda ridiculous....

also what is this "MPID" thing? ( ManiPulator ID? )
can individuals go trade on this market? or do they have to go through an "MP"
what's the trading fees like?

also its really bizarre that coindesk did not report this news of GBTC trading.
and whats even more surprising is that BTC markets are down like 4%

I'm baffled.