Post
Topic
Board Speculation
Re: SecondMarket Bitcoin Investment Trust Observer
by
skivrmt
on 03/01/2014, 15:59:13 UTC
wont shareholders of this trust crush the marked as soon as they can sell? even if only 5% want to sell, thats 3500 Btc :/ And pretty sure some want to secrue nice winnings

Who says they want to sell?  Most of the major purchases of this were not when they initially started the trus in September.  Most of the buy came in later Nov and Dec when the price had appreciated. 

3500 BTC wouldn't crush the market anyway.  37k BTC have traded hands on Gox and Stamp (in USD, slightly more if you include other currencies) just in the last 24 hours.  Would it cause a dip?  No doubt.  But the current market could easily sustain it.