Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254252 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
sleger
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May 05, 2015, 08:50:19 PM

I never claimed to be an expert of this world, nobody are. But I actually read that part (same wiki page that I linked to) before you posted this link.
Citadel LLC is a large organisation. Naturally, they have different business segments. I'm not going to discuss this anymore unless you come up with a valid point. I'm not here for a troll fight.

Well, I have, because I know this domain very well and the fact that it is Citadel Securities, mean it is not the hedge fund business. You can choose to believe me or not of course  Wink
What is your point?

This:

That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...)

They are not buying for their hedge fund, someone simply traded on their trading platform.

My point was (1 million posts ago, lol) that Citadel Securities brings great liquidity to GBTC, while the ask side has max 150.000 bitcoin in matured funds.
From Wikipedia: "Citadel Securities ... execute one out of every four retail trades at the NYSE and NASDAQ."

But you also said (in bold) :

Who would not want to sell 41 btc at $600 a piece?  Cheesy


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

My mind is boggled. That's about $25,000... so it meets the minimum bid requirements for the BIT. You can immediately arbitrage that if you re-buy the BIT. *argh*!

This is just playing / probing to these guys. Let's take a look at one of the bidders, Citadel. From Wikipedia:

"Citadel is the eleventh largest hedge fund manager in the world, and the second largest multi-strategy hedge fund manager in the world."

But keep in mind that the total volume of matured GBTC stocks is less than 150,000 bitcoin. Not much in the big picture.

which was very very misleading, as someone else pointed out...