BitShares Forum

Main => General Discussion => Topic started by: Akado on May 06, 2015, 11:05:07 am

Title: The Bitcoin Investment Trust’s GBTC Begins Trading on Public Markets
Post by: Akado on May 06, 2015, 11:05:07 am: https://bitcoinmagazine.com/20262/bitcoin-investment-trusts-gbtc-begins-trading-public-markets/
http://www.reddit.com/r/Bitcoin/comments/34vuku/congratulations_bitcoin_on_your_new_ath_133700/

it was not the ath and market is still not liquid, but what do you think about this? $1337/btc. Might not be relevant, price range will probably narrow down but it's pretty interesting seeing someone bidding that high for btc
Title: Re: The Bitcoin Investment Trust’s GBTC Begins Trading on Public Markets
Post by: pc on May 06, 2015, 11:36:49 am: Quote
this ensures that the average individual can now purchase shares of bitcoin without having to own the physical asset;

"physical asset" - LOL
Title: Re: The Bitcoin Investment Trust’s GBTC Begins Trading on Public Markets
Post by: Akado on May 06, 2015, 03:53:45 pm: Quote from: pc on May 06, 2015, 11:36:49 am
Quote
this ensures that the average individual can now purchase shares of bitcoin without having to own the physical asset;

"physical asset" - LOL
It comes from a bitcoin press so it should be right :P
Title: Re: The Bitcoin Investment Trust’s GBTC Begins Trading on Public Markets
Post by: CLains on May 06, 2015, 05:30:51 pm: sw337
Title: Re: The Bitcoin Investment Trust’s GBTC Begins Trading on Public Markets
Post by: monsterer on May 07, 2015, 08:33:26 am: Did anyone consider that GBTC is actually a pegged asset for the stock market?
Title: Re: The Bitcoin Investment Trust’s GBTC Begins Trading on Public Markets
Post by: xeroc on May 07, 2015, 08:41:35 am: Quote from: monsterer on May 07, 2015, 08:33:26 am
Did anyone consider that GBTC is actually a pegged asset for the stock market?
That may be the reason why it is saying:
Quote
Each GBTC share represents ownership of approximately 0.1 bitcoin Alternative Reporting
at http://www.otcmarkets.com/stock/GBTC/quote