Quote from: chodpaba on September 26, 2013, 05:08:49 PM

Quote from: cypherdoc on September 26, 2013, 05:05:47 PM

Quote from: chodpaba on September 26, 2013, 05:04:33 PM

Quote from: Herp on September 26, 2013, 05:00:46 PM

Quote from: cypherdoc on September 26, 2013, 04:27:18 PM

Quote from: chodpaba on September 26, 2013, 03:49:37 PM

The price development story here is not the effect that purchasing for this fund will have, but the opening of more funds like this and other derivative instruments. The affect on price will happen on a much longer timeline than many of you are thinking.

perhaps.

but this announcement really should be looked at as the 2nd fund to announce this strategy next to Winklevii.

it's possible that "speculation" could result in a sooner ramp than you think. especially since we've had this nice long consolidation period of 5-6 months now.

charts are looking primed.

Chance Bitcoin price will skyrocket is very high and it's all because the reputation SecondMarket has and it's client base of rich customers.

Reuter's Felix Salmon is no a friend of Bitcoin. He mocked Bitcoin from day one, however, he makes some interesting points which give clear evidence on why SecondMarket will attract lots of cash for this Bitcoin trust.

http://blogs.reuters.com/felix-salmon/2013/09/26/the-bitcoin-bug-bites-secondmarket/

Quote

The problem is that SecondMarket isnt just a service for issuers and investors. It has also, of late, become a lead-generation engine or, to put it another way, a mechanism for selling schmucks to wolves. SecondMarket has contact details for a very large number of accredited investors, many of whom trust the company and the reputational capital it has built up over the years. If you send enough of those investors investment pitches for diamond funds, or art funds, or space-based vaporware, the sillier among them will bite. And, eventually, regret doing so. SecondMarkets investor list is a valuable thing, but the company isnt behaving in the manner that youd expect of an owner of something precious and valuable. Instead, it seems to be happy renting its list out to just about anybody.

Attracting buyers for the trust != attracting buyers of Bitcoin.

Firewall works both ways.

this is true but the same could be said of GLD and SLV both of which helped ignite/perpetuate the gold/silver bull.

How long did that take?

about 9 months: