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Yes they are applying for etf status.
Survey shows 10% stimulus checks may go to buy Bitcoin!
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/nearly-10-of-the-380-billion-in-stimulus-checks-may-be-used-to-buy-bitcoin-and-stocks-survey-131009531.html
Everyone should make this page for NAV and such.
https://ospreyfunds.io/products/
Chinese beauty app company buys ether and bitcoin.
https://www.bloomberg.com/news/articles/2021-03-08/chinese-beauty-app-becomes-first-major-company-to-buy-ether
JP Morgan offer basket investment of crypto companies
https://www.theblockcrypto.com/linked/97815/jpmorgan-crypto-public-companies-basket-document-sec
Analyst speculate it’s due to more products being out there.
https://apple.news/Aj4vfJUFeSdeb5H6fFnKPvQ
“Let the market determine bitcoin’s value”
https://www.ft.com/content/105d0f62-563d-4dde-bc83-e3b015157891
It has a small float which makes it more in demand as well. Small shares outstanding. If you invest get in and get out when you get a decent profit.
People are connecting that the value of the bitcoin in trust is not like GBTC. They are counting on trust adding more and Brice of bitcoin going up which raises the NAV. It’s a risky bet however it will go up more before it goes down however. Lol.
I don’t think so but my opinion is with the paper is written on loL.
It seems like GBTC is more predictable as it’s more aligned with btc. Before the premium made it a wild ride. If BTC went up a $1 then gbtc might go up $1.50 or $2.00. What we have now is more stable despite popular press Thats its out of control. BTC is moved by supply and demand and adoption to an extent. It may be correlated with the dollar but correlation doesn’t mean causation! So look for stead up ticks with corrections and nee higher floors. That’s the best thing. People forget this was just about $10k not that long ago and even with the drop yesterday and Monday BTC is up 60% since Jan 1 . You can’t beat that with a stick! LoL.
Regarding obtc, It’s newly available to public now(not just accredited investors). High demand, people thinking it should be equal to or greater than the price GBTC ($50) which has a lower percentage of BTC per share but higher number of bitcoins in trust. It will correct itself at some point. Gbtc traded at a 40% premium forever until split happened 3 years ago.
It’s newly available to public now(not just accredited investors). High demand, people thinking it should be equal to or greater than the price GBTC ($50) which has a lower percentage of BTC per share but higher number of bitcoins in trust. It will correct itself at some point. Gbtc traded at a 40% premium forever until split happened 3 years ago.
If your are swing trading you might be safe getting in and out but jf you are seriously
Long term then you mag see this correct to a value closer to its NAV.
Other crypto stock suffer the same plight. Initially very high price to nav but a correction occurs.
Pretty spot on!!
It’s 0.00034142 bitcoin per share.
That puts it at around $17 today (bitcoin $50k). See link below.
https://ospreyfunds.io/products/
MicroStrategy spends more than $1 billion to buy additional bitcoins, stock rallies
https://www.google.com/amp/s/www.marketwatch.com/amp/story/microstrategy-spends-more-than-1-billion-to-buy-additional-bitcoins-stock-rallies-2021-02-24
Well said. Just check for news stories but for the most part just Google bitcoin and draw down on news tab to keep abreast of stories. Most people here are long and have been. I’ve been in over 3 years. Saw stock prices at $2k and $6.00. Wile ride but a profitable one.
E*TRADE works fine. No waiver or anything. Happy trading
SEC Commissioner Peirce Says Market Is Ready for a Bitcoin ETP
https://www.google.com/amp/s/www.coindesk.com/peirce-sec-coindesk-tv%3famp=1
Just checked price and saw $47k. I
Missed when it hit $46k. I’m grateful but man I wish we still had the old ore split share structure. Shares would be $5k a piece!! But hey I’m still happy.
I’ve been in just patiently waiting for this to happen. Ride is much smoother this time. LoL
Thanks. Hope it’s true and materializes. Glad to see you still here after three years. It’s time to rock and roll.
Bill Miller run $2.25b fund may buy GBTC to gain bitcoin exposure of up to 15%.
https://www.google.com/amp/s/www.coindesk.com/bill-miller-run-2-25b-fund-may-buy-gbtc-to-gain-bitcoin-exposure-of-up-to-15%3famp=1
That’s in India correct???
Only you can answer that. Depends on your risk tolerance and position size. If you have a very large position selling might be done in smaller lots as a large dump may worsen situation. Plus it’s almost always better to buy and sell in lots. Just my 2 cents.
Yeah better than I expected. If it rebounds that means to me we have more institutional holders than retailers. That would be great.
Yeah friday will Likey be be bad since many won’t want to hold over the weekend now that’s a nice size correction is happening. Still a great run and sets up the next one whenever that is. Investors should evaluate their risk tolerance and make decisions accordingly. Institutions will be buying in all likelihood.
For any new investors. This is par for the course. Up 100-150% and then a drop by 25-50%. If you need cash handy maybe this is your exit, If not sit right and ignore the noise.
Dude I’ve been crypto bitcoin was $300 and ether was $7.
I’m not the one blaming trump or mentioning him. You are. ??
You also assume everyone here just got on board. Most of us have been here since before the pre-split. We are good and know what we own. We don’t result to name calling and crying about an election. We all know things will change in the presence of new leadership. I made money under Obama and trump so I’m confident I’ll make money under Biden as well.
Try contributing some insight and stop the insults. Admit when your wrong and congratulate those that have success. If you’re short on crypto. Great you’ll make money no doubt but guess what? Those that are long will make money too. That’s the beauty of the market. There’s money for all to make. Peace out ??
Check the facts about who does what to the little guy!! See excerpt below. Also while we are at it. It’s Trumps tax revision that will raise your taxes this year and every two years there after. But people will be foolish and play the political blame game saying it’s Biden and socialists etc. This is an investment board not a politics board. Such a shame this was a nice place to exchange ideas now it’s just become a place for broken clocks(they’re right twice a day by no intention).
“The new presidential administration has brought with it a freeze on what had been a last-minute bit of rule-making by the outgoing Treasury Secretary Steven Mnuchin. The proposal by Mnuchin and team would have put a bit more of a regulatory squeeze on crypto by requiring exchanges to extract detailed personal information from anyone trying to withdraw their holdings to unhosted wallets.”
Set for a drop this morning trading at 41 premarket. It’s Friday. Nothing new. People exiting positions
Wouldn’t be bitcoin if it couldn’t rise and drop by 30% in a day. That’s par for the course. No ying without yang, no peanut butter without jelly. LoL
Good for GBTC. Steady and slow!
Pre-market shows trading at $43. Hope it holds.
Correlation is not causation. Doesn’t matter anyway. Bitcoin does what it wants. LoL
5% drop on a Friday close. Not unexpected IMO. I’ll take it on a Friday after the great week.
Congrats to the swing and day traders and congrats to those who are more long term. Unlike sports we can have two winners!
Have a great weekend
If you are short-term sure maybe. It looks like there is still room for bitcoin and GBTC to grow however. No media frenzy going on about bitcoin despite its news highs. Just people buying them up. Good luck to you!
Hope you’re right. Typically Fridays are profit taking days. The past few weekends have been good However. Let’s hope for the same. Tomorrow could be amazing or just normal. Fingers crossed ??