wachtwoord
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October 24, 2013, 04:47:10 PM

So bitcoin price is at the same point it was yesterday and bid sum has dropped only 500k...

That was a crash? Really? It was an epic bear trap to me, who sold at $175? LOL

that's not really a crash. more like a correction.

i think the real crash will happened after the bitcoin trust is listed and the winklevoss btc which are locked up right now flood the market and soak up all the fiat, this is sort of the run up in anticipation to that.

this is pure speculation

I don't get it, why would BTC be sold because of this? Won't this cause an even bigger rally instead because of greater demand?

those 200k btc were not marketable and could not be touched since the july filing...

what happens to price when the supply curve moves out? ths is not demand for 200k btc this is a supply of 200k btc being SOLD to the public, supply that was not available since the twins purchased it

what happens when shareholders lock outs are done?

econ 101....

Still don't see why the shareholders would instantly sell their BTC and cause a sell off the moment they are unlocked. Price could just as well go up because of greater exposure to the public.

And 99% of the people cannot sell. Only market makers can redeem or create new, baskets. So what is needed is the price of the ETF to drop sufficiently below market price for market makers to arbitrage and redeem baskets of Bitcoins and earn on the arbitrage.

I thought the premise of the ETF was to allow an instrument to short the market, with an intent to bring some price stability.
This in turn, is supposedly going to make Bitcoin more attractive to a broader user base/merchants.

Sure you short the ETF (not Bitcoin directly). That doesn't sound like very important use case though.