shmadz
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@theshmadz


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May 04, 2015, 07:01:34 PM

Someone bought 159 shares at $42

Wait a minute,

Are you telling me that if I held this financial instrument for at least one year, I would be able to sell the derivative for almost twice the price of the underlying asset?

This makes no sense

If you were an accredited investor and happen to have been one of the 600-700 shares worth that were traded thus far, yes. Granted, if you bought a year ago, you would still be under in terms of your entry, but you could sell your shares and purchase again at nav if you were content on holding another year. Else, cash out and send the money to one of the exchanges to buy BTC directly.

So.... effectively almost $200 premium for a derivative version of bitcoin?

Interesting