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Emphasis on "multi". LOL. One down and many more to go for me
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??????Truly something here special.
Like I said to another poster. It's hard at times but I've long watched and been in gbtc. It always comes back with a vengeance after a pull back which is typically after a big gain. Like I said even if you just got in two weeks ago or so you're still up $1k a share! That's insane when you think about it.
Just read article that ripple is predicted to double next year at a min and possibly be up 500%. Less than a buck a coin and regulated for those that are more risk averse.
Waiting on ethereum trust to be made public but I think I'm a qualified investor now. Imagine the run on ethereum trust when it comes out.
Slight and polite correction: many have speculated that money was flowing out of btc and into bitcoin cash. Actually as bitcoin cash was halted minutes after the issuance and wasn't resumed until today. The stall is likely due to the normal pullback after a gain. Despite two bad days gbtc is still up $1000 a share from two weeks or so ago. Longs are still winning big time
Yep they will attract some big fish as I'm sure trading the etf won't be cheap (just like futures). I suspect small to modest investors will still prefer bitcoins or gbtc.
Favorite line from "in living color tv show"
mo money, mo money, no money!
News-news
New ETF application filed by NYSE. A derivative based on a derivative based on bitcoin. Wow. People will loose their shirt. If people thought gbtc or bitcoin was volatile/risky and confusing just wait.
No impact on demand on bitcoins since values are based on futures contracts which are settled in cash.
https://www.cnbc.com/amp/2017/12/20/nyse-files-to-list-bitcoin-etfs-bringing-cryptocurrency-a-step-closer-to-mainstream.html
Yeah it's tough to deal with gbtc daily. You have to invest and walk away. I watched gbtc since it's inception and saw how volatile it was before investing. Still it's hard sometimes to watch your money drop but I know it has always come back with a vengeance. No guarantees but what investment is? LoL
Congrats on the profit and good luck in figure trades!
People just like to hate. Anyone who's been into gbtc or bitcoin the last year know any setback is a setup for a comeback. Check the history. When gbtc or bitcoin. Drops big, it "always" comes back with a vengeance and blast through to the next high point.
Not sure why so many people get on here talking about how much they're making "shorting"etc. Not sure why people never say congrats when prices go up but fine time to get on the board to try and poke fun at those when there's a pullback or vice versa.
I really do try to respect people's position and hustle and truly believe there's money to be made by all. I'd love to see more real information sharing by posters. That's where the value is in an investment board (collective thought).
Bitcoin is consolidating but it's run will continue (likely after Christmas).
Just another day in crypto land! You may be right you may be wrong. Who ever figures out how to predict bitcoin and gbtc will make a fortune. LoL
Overall long term. Trend is up. I was simply asking why buy bitcoins just to settle future contracts if you don't have to. Risky play. Just want to know the strategy. Clearly I'm missing something. Everything I've read suggests owning bitcoins isn't necessary for futures contracts.
Oh I know it can go down lol. Been in bitcoin and gbtc for a couple of years. Seen the ups and downs.
Well that's why I'm asking. I'm here to share and learn.
Why would anyone buy bitcoins for futures contracts? They are settled in cash not bitcoins.
Any idea how many shares are available?
Anyone know an estimate or where to find out how many sheets are actually held or available?
Up $730!!! Is anyone else as amazed as I am. I've been in this for over a year and this is single biggest day I can remember.
Insane couple of days. Cash dividend paid and a thousand dollar increase in stock price. Just insane and I'm loving every minute of it. LoL
While experts can't explain it, i hade to believe that the futures market has something to do with this. If nothing else futures convey market sentiment. Perhaps that why the prices of bitcoins has stabilized.
So true and most importantly most don't know you can buy a partial coin but word will get out. Still plenty of upside on my opinion. But that's my 2 cents
Well if the regulators get involved and Wall Street gets their cut, anything is possible. 100k seems far out there but big demand hasn't even hit yet. Now reality is whether or not people feel like they've missed their opportunity with bitcoin so that may put a dampen on demand and thus price. But who knows. I just know that I don't know with btc and gbtc. I'm just enjoying the ride and grateful for Any profits I get.
Gbtc and bitcoin are high risk high reward. As long as investors have a healthy appreciation for this it's ok. Never invest anything you're not willing to loose.
Lol ??. Ok you win I'll settle for a $300/share gain! ????
Wrong question my Friend. It's all about the underlying technology.
It's extremely difficult to separate blockchain from Bitcoin from whatever. No doubt about it. Still it's not a bad deal. Not for everyone however.
True but I mean in a per coin basis. Ripple is less than a dollar per coin if it got to 1/10th of bitcoin (1700) it would be a great return.
Wasn't being specific, just trying to make a point. I've been in ether and litecoin a while and heard of neo. I'm liking ripple next.
Yes when this does "crash " as all things go there will be no on the out side of the sell transaction. However for now know the risk/reward, never invest anything you're not ready to loose. Enjoy the ride, be smart and keep a eye out for new opportunities.
Take a look at "ripple". Next coin to take off. If you're willing to invest $100 in some shell company on otc taunting lots of press releases and no operations why not invest $100 in ripple and if it's 1/10 as good as bitcoin you'll have a nice gain! ??
Idea: :take some of you dividends and look into buying "ripple". It has quietly been solid for the past 6 months. Likely to be the next big break out currency. Less than a dollar per coin now. Just an idea.
Cool thanks. I do use the rsi and Macd to get a feel of daily ups and downs. I could see a pullback but I could also see it moving upwards. I also now watch the futures on cboe to get a sense of General sentiment. Spot process have stabilized since futures came online. This is a good thing even if professional investors can't explain it.
What time frame are you looking at ? Daily, 1,2,3 months? It's been showing over bought longterm for s while.
Hey I'll take it but I'm so green now I super cautious now. I'll take 40k by end of the month.
Not sure about 10k in a couple of weeks. That would mean bitcoin would have to be at 60/70k plus a huge premium. Getting there in 2018 would be a miraculous accomplishment. Getting there in a "few weeks" is really stretching it. Don't get me wrong, I'll take it but bitcoin may hit 25k by year end if we're lucky.
Got mine too
Both while they move in tandem they often move at different times. Just like anything diversify diversify. If you're dating. Look into ripple or Moreno
Anyone w/E*TRADE get their dividend ??
It's due for s little bit of s pull back and cooling off. Gbtc has fun up s couple of hundred dollars this week. I think investors get spoiled with gbtc. It used to be a $20-30 daily increase was golden, now we've come to expect multiple days of $200,300 increases.
Currently, a bit undersold but it's lunch time too. I won't be surprised to see this close up or down. It just goes with the territory.
Futures on cboe are down today so that initial wave might be settling a bit but then again who news.
Congratulations!!!! No hate here. Money to be made by all and I respect each persons decision making.
Wonderful isn't it. I regret not buying more at freaking $7. But hey I'm not complaining!!! Heard some guy on tv predicting 1 million for litecoin in a few years!
Litecoin!!!! Up up and away!
Passing the moon and going higher!
Litecoin!!!
Here's some reasons for the litecoin run.
https://cryptovest.com/news/bullish-on-litecoin-price-top-5-reasons-for-the-litecoin-boom/