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Showing 20 of 1,740 results by ensurance982
Wait so someone wants to buy 14.5 bitcoins at $551 each?
Yes. And it looks like 15 coins changed hands around that price already today. Clearly, GBTC is going to drop hard soon OR BTC is going to rally. Perhaps both and meet somewhere in between. Yes, there is artificial scarcity in GBTC, but if this price disparity persists, as volume increases the psychological effect is going to cause sellers in the normal exchanges to stop selling. It would indicate that there is a large untapped group of buyers that are now able to enter the market. Kind of like when the gold ETFs came out.
GBTC needs much more volume in order to really affect the generally accepted spot price of BTC in any significant way. It's a good thing to see it going up, that way we know people want an ETF, but it won't drive the price up with the current levels of volume we're experiencing up to now!
Does anyone know how long it take to receive the cash after you sell your matured shares ?
I believe people in another thread suggested something along the lines of 4 days or so. This could bring us some more money from people selling their shares, and re-buying on the open market a few days later. The only problem with this is, that the volume still isn't really high enough for this to matter!
Well, a few hundreds btc on the bid daily will be very welcome. Probably the volume is going to increase day by day.
What if all people who are eligible to sell their shares have sold them? I don't really see the volume picking up that much, to be honest. We need an ETF that's actually buying coins constantly! GBTC is very good first step, though!
I think regardless of which way it goes, it should also be something to ask yourself about the technology behind it.
Which often people forget about, and that its a huge change in the financial game. Its going to be used for something, the direction of bitcoin is been deciding from day to day use, commodity, or other acceptable ventures.
Which often people forget about, and that its a huge change in the financial game. Its going to be used for something, the direction of bitcoin is been deciding from day to day use, commodity, or other acceptable ventures.
We simply don't know whether it really will be used for something. Right now it is being used for some online transactions, gambling, and for speculating, and investing. There's nothing wrong with an "investing/speculating" asset, but it's not a given that it will be ever be anything more than that.
If you are an early adopter, which most of us arent, you would be not question these guys on their wealth.
Its a similar thing where you get in a stock very early, and if you gained from it I`m sure eventually you`d want more of it. Its human nature to have greed, or go on creating more things which microsoft has, or expanding their options.
Most of those guys are have done a great impact by creating jobs in the private sector.
Its a similar thing where you get in a stock very early, and if you gained from it I`m sure eventually you`d want more of it. Its human nature to have greed, or go on creating more things which microsoft has, or expanding their options.
Most of those guys are have done a great impact by creating jobs in the private sector.
People who can control their emotions, and who know how to invest may not make those mistakes, though. They know when to get out, set specific goals, and stick to their strategies!
Re: GBTC market sale at $175 sets new ATH at $1750 / BTC
The spread narrowed, but things have hit a relative standstill at 300 shares traded volume. Yesterday was 762.
The only sellers are
a) New BIT holders releasing their shares, a one time shot, after a 12 month holding period
b) Speculators that bought GBTC on Day 1.
The low volume suggests that at most 3 new sellers have pulled the trigger today, with $55 asks offering a 233% premium.
I have 50 more shares up at $133.7. The GBTC page http://www.otcmarkets.com/stock/GBTC/quote shows nothing below $175.
I speculate this game of chicken will resolve with volume staying low, positive Bid pressure. Those Bids will eventually pull more sellers out. Then we will have a bootstrap of liquidity - new buyers with varying entry prices. Those respective buyers will then make various decisions and help dial in to a true equilibrium, with a positive price trend.
Even if those sell, I would be holding the final 1/3rd of my shares.
The only sellers are
a) New BIT holders releasing their shares, a one time shot, after a 12 month holding period
b) Speculators that bought GBTC on Day 1.
The low volume suggests that at most 3 new sellers have pulled the trigger today, with $55 asks offering a 233% premium.
I have 50 more shares up at $133.7. The GBTC page http://www.otcmarkets.com/stock/GBTC/quote shows nothing below $175.
I speculate this game of chicken will resolve with volume staying low, positive Bid pressure. Those Bids will eventually pull more sellers out. Then we will have a bootstrap of liquidity - new buyers with varying entry prices. Those respective buyers will then make various decisions and help dial in to a true equilibrium, with a positive price trend.
Even if those sell, I would be holding the final 1/3rd of my shares.
Highly interesting! It's incredible to see that people really paying this steep markup! I can't really comprehend it, actually. I think the number of people who can sell their shares is too low to make price discovery or an impact on the general BTC price possible for the time being, though.
Re: GBTC market sale at $175 sets new ATH at $1750 / BTC
I congratulate on your sales but a full coin hasn't been bought at this rate yet. If and when that happens on multiple accounts, I believe that will be time for walking on sunshine. It's bullish nonetheless considering premiums for purchasing are like tips at this point. It's so amazing and incomprehensible that people can't get a coinbase wallet w/ 2FA and buy their shit at market price. Either way, rock on!
Its actually understandable, since coinbase does the whole verification procedure, only after all that to determine honor your buy request or not.
Most people got fed up with them since they failed to do so, or they faced buyers limitations based on their risk assessment plus how they handle their support which seems the main reason as well with those situations.
Most people won't like to buy coins using Coinbase. Their system really seems just too cumbersome for people willing to invest large sums in BTC. I think they want a real ETF, or at least exchanges, where they can buy at the price and instant they want.
Does anyone know how long it take to receive the cash after you sell your matured shares ?
I believe people in another thread suggested something along the lines of 4 days or so. This could bring us some more money from people selling their shares, and re-buying on the open market a few days later. The only problem with this is, that the volume still isn't really high enough for this to matter!
Re: Bold statement: Next target is low ~$700s (Awaiting scream of laughter)
A truly limitied supply will throw manipulators right off. For 100's .. 1000's of years they have been able to endlessly print new money or promises of gold..
Many of you understand BTC is something new, many understand it allows you to do a lot of things a lowly peseant has never been able to do throught all of history, very very very few understand what potential this has good and bad as probably even less can see how easily it could be used to control the entire population.
I for see a massive bubble than a hard fork to a UN/BRICs controlled bitcoin.
Many of you understand BTC is something new, many understand it allows you to do a lot of things a lowly peseant has never been able to do throught all of history, very very very few understand what potential this has good and bad as probably even less can see how easily it could be used to control the entire population.
I for see a massive bubble than a hard fork to a UN/BRICs controlled bitcoin.
Even if the supply is "truly limited", the debate over a reasonable price for Bitcoin is still going very strong. We simply don't know whether it it $1, $50, $235, or $1000 or even $100'000. Slow accumulation can potentially be the best strategy for people who believe in the long-term success of Bitcoin!
Re: I have USD 2000 to invest. Should I buy Bitcoins or gold?
This discussion has lead to a really interesting point, actually! The replicability of Bitcoin has always been a high concern and also point of critique for many people who aren't convinced of Bitcoin's usefulness. I also believe that Bitcoin and Gold are quite similar what this is concerned, as both their scarcities could be attacked and circumvented at some point!
When the winklevosses were prudent to make a wise investment in BTC in 2012, why did they not sell a large percentage in the great BTC rally of 2013?
It's widely speculated that they own 1% of coins in circulation. Which means during the rally their BTC holdings were worth at least $100 million. When their combined net worth is about $200 million why would they not sell out. It would have increased their net worth by 50% overnight.
Did the BTC market not have enough liquidity to make them whole, if they decided to cash out a percentage of their holdings?
There are people on the forums who were apparently able to cash out $1MM worth of BTC on finex.
It's widely speculated that they own 1% of coins in circulation. Which means during the rally their BTC holdings were worth at least $100 million. When their combined net worth is about $200 million why would they not sell out. It would have increased their net worth by 50% overnight.
Did the BTC market not have enough liquidity to make them whole, if they decided to cash out a percentage of their holdings?
There are people on the forums who were apparently able to cash out $1MM worth of BTC on finex.
They are here for the long run, they know we are still on the very, very early days, the expected Bitcoin marketcap for them is on the trillions, as it has the potential for defeating VISA and the rest of electronic payment combined, thats the goal and thats what everyone that is here for long term should strive for.
In my opinion, VISA has a completely different business model or function than Bitcoin. Bitcoin is a currency, and VISA is a specific payment system. VISA could even go as far as offering Bitcoin integration at some point! I don't think Bitcoin will replace, VISA, FIAT money, or anything!
I really don't know what to believe at this point. There could be an incredible amount of manipulation, but on the other hand it could all be pure speculation and conspiracy theories. The only manipulation that's for certain is the trolling here on the forums. And the bots taking advantage of small movements.
Re: GBTC traded 765 shares today!!!! valued at $450 per bitcoin!!!!
It would be great if this was picking up more steam. I can't wait for an ETF that is buying coins directly... If this way of buying BTC really is the right thing for people on NYSE, we need the COIN ETF ASAP!!!
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Does anyone know how long it take to receive the cash after you sell your matured shares ?
Probably your standard T+3
So if anyone is trying to arbitrage this price we would see him buying it back only by the end of the week.
Good thinking! I also find the idea pretty plausible that there could be more people getting into Bitcoin because they saw the ETF trade at such a premium. They may opt to just go and buy the underlying asset directly!
wow a record level of FUD on litecoin.....keep it up, I remember what happen last time litecoin was dead 
Expect to see a bunch more as people looking to buy in cheap before the next halving and prices skyrocket.
I really don't know what to expect from LTC at this point. It just seems to wane more and more. I guess the best thing that could happen to LTC was an influx of new people into the cryptocurrency game, so they would get to know LTC, as well.
I just want to answer the first number,
when I started,
I "Mined" bitcoin from faucets and giveaway,
and after I get some coin,
I invested it on cloud mining, so I can get coin while doing nothing....
You aren't really "mining" coins when you are using faucets or giveaways. Mining only refers to the process of solving hashes in order to find a valid hash that makes you eligible for adding a new block to the block chain.
I think I'll maybe just do what Danny suggested above.
Create new paper wallets every 5-6 years & transfer balances.
Easy enough.
Plus let's be honest we should know in 10 years if bitcoin is going to be a huge success any way.
So I'll be either selling most of mine at a very high price or keeping paper wallets that are worth nothing.
Create new paper wallets every 5-6 years & transfer balances.
Easy enough.
Plus let's be honest we should know in 10 years if bitcoin is going to be a huge success any way.
So I'll be either selling most of mine at a very high price or keeping paper wallets that are worth nothing.
I guess you are doing the same as me. Either have lots of purchasing power with all your btc in the years to come.......or............have a load of worthless numbers in a wallet.
I am in this for the long haul.
It's a valid strategy, in my books. It's also a very healthy mindset to just go and "write those coins off" - otherwise you may end up looking at the price charts every day and start hating yourself in case the price is dropping big time.
Im pretty sure he still owns the coins. No one would know he owns those coins, because no one knows who he is in real life, therefore there's nothing to worry about that, he could go on being a multimillionaire anonymously.
Nah, the pumpkin is right... As soon as a single satoshi (no pun intended) of those coins move, we knew that Satoshi was still in control over all those coins. That someone could, in the blink of an eye, move thousands upon thousands of coins. That would move the market.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Very low volume on GBTC, but its somewhat of a relief that they havent dumped down below the regular exchanges (yet?)
What did you expect? The asks begin at about 150% of the regular spot price and there aren't many people willing to sell. I think the volume really is higher than what I expected. How would they dump down the regular exchanges!? I don't really see what you're implying with that and how this could work?