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Offline bobmaloney

BITshares currently bidding @ $50/ea
« on: March 26, 2015, 11:16:58 PM »

I have a feeling the terminology is about to get very muddy:

http://www.otcmarkets.com/stock/GBTC/quote



*Edit: 1 BIT share = 0.1 BTC
« Last Edit: March 26, 2015, 11:19:30 PM by bobmaloney »
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Offline Ander

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Re: BITshares currently bidding @ $50/ea
« Reply #1 on: March 26, 2015, 11:19:23 PM »
There are probably some people that dont realize that one share there is 0.1 BTC, they think its 1 BTC.  It'll go to the correct values quickly once it opens and orders on both sides are allowed.
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Offline Volker

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Re: BITshares currently bidding @ $50/ea
« Reply #2 on: March 26, 2015, 11:38:51 PM »
Should be pretty obvious the second people try to buy bitshares and see that its largest markets are CNY:BTS and BTS:BTC

Offline luckybit

Re: BITshares currently bidding @ $50/ea
« Reply #3 on: March 26, 2015, 11:41:54 PM »
I have a feeling the terminology is about to get very muddy:

http://www.otcmarkets.com/stock/GBTC/quote



*Edit: 1 BIT share = 0.1 BTC

$500?
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Offline bobmaloney

Re: BITshares currently bidding @ $50/ea
« Reply #4 on: March 26, 2015, 11:48:43 PM »
I have a feeling the terminology is about to get very muddy:

http://www.otcmarkets.com/stock/GBTC/quote



*Edit: 1 BIT share = 0.1 BTC

$500?

It's been there for a while and nobody has been willing to sell.

I think OldMan may be right about this...
"The crows seemed to be calling his name, thought Caw."
- Jack Handey (SNL)

Offline Ander

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Re: BITshares currently bidding @ $50/ea
« Reply #5 on: March 27, 2015, 12:01:58 AM »
I dont think anyone is able to sell yet.  Otherwise someone already wouldve arbitraged that, its a huge difference. 
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Offline bobmaloney

Re: BITshares currently bidding @ $50/ea
« Reply #6 on: March 27, 2015, 12:19:12 AM »
I dont think anyone is able to sell yet.  Otherwise someone already wouldve arbitraged that, its a huge difference.

It seems so. I had interpreted something I had read from Silbert incorrectly. (I interpreted it as being up to the individual holders, but live)

http://www.coindesk.com/bitcoin-investment-trust-grayscale-launch/

"While certain eligible owners of BIT shares will be able to start trading as soon as next week, Sonnenshein stressed that Grayscale can't predict exactly when this process will begin.

"What is going to be traded are existing shares and those shares are owned by people who have owned them for longer than a year. Having owned them longer than a year, that means they no longer have a restriction on them, but shareholders have to elect to sell those shares," Sonnenshein explained."

"The crows seemed to be calling his name, thought Caw."
- Jack Handey (SNL)

 

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