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Doing so, they're boosting the use of cash to buy Bitcoins through teller machines. Here in Vegas there are at least 20.
It's so obvious that banks want this business so bad.
Credit cards are zero liability
That's a great way to lose customers.
Excellent customer service Bank of America!
1. Losses erode your buying power so now you have to be incredibly good to make way better trades to try to get back on track.
2. You can't even claim losses because buying the same security you're clearly breaking the Wash Sale rule.
3. Investing 101: Buy low and sell high. You bought high and sold low.
Until that happens it's only speculation.
"IF"s are worthless if they don't happen.
It's lost money that you will never get back.
Realized losses are always to regret.
You just want to convince yourself it was a great move.
Raw cold numbers vs emotions.
Not going to happen with Grayscale.
No dilution. It's a split.
With the split came the high volume and with the high volume you have easier manipulation because buying and selling is cheaper.
I found the split 1-to-91 a little excessive.
Maybe a 1-to-10 would have been more reasonable.
Is there any reason why you're always writing in all caps?
See Rule #6
skillsyouneed.com/write/capital-letters.html
It has already happened today with a low of $14.75.
He's "averaging down".
Very common practice done by a trader who believes the price of a stock is going to rebound.
It's not an opinion.
No dilution has been taken place. ZERO.
What "making some moneys again" are you talking about?
We are already making money!
S&P 500, DOW and NASDAQ have been up consistenly up for the last 5 years particularly the last one.
Several no-brainer stocks posted record highs and returns last year.
Did you miss the market?
Since you're posting on GBTC board I don't want to imply that you suggested that a state of the union speech could give a boost to Bitcoin because that would be quite a bit grotesque.
FACT: It hasn't happened.
Is it 10PM Eastern Time?
Common sense was employed by Grayscale when trying to set a number of A/S of a financial instrument based on Bitcoin when nobody could predict its stellar course.
If you project the price of Bitcoin to a level where shares $GBTC are sold at a reasonable price under the 99,999,999,999 share structure you will come to the same conclusion.
Answer is NO.
No. Never going to happen. Mark my words. NEVER. EVER.
If that happens I'll be here.
and you again don't read my posts.
Man! Calm down a little.
How long have you been holding GBTC for?
Since its inception $GBTC has always been more UP than DOWN.
Agree. Very good advice.
I won't consider selling a thing until end of this year or even better beginning of 2019.
You wanna keep $GBTC as a long term investment otherwise taxes are going to kill you.
Here is what I said:
Do you understand that AS is only the max number of shares that Grayscale is authorized to issue, right?
Bitcoin can go up in value like last year and new split will be necessary in order to attract investor at an affordable price. At that point Grayscale will be issuing more shares. As simple as that.
As far as intentions of Grayscale on handling its shares is purely based on your own personal speculation.
Go back to your transaction history and look how much you invested in the first place. (Assuming you have only one trade).
Then get numbers of share you have now, after the split.
TOTAL_INITIAL_INVESTMENT / CURRENT_SHARE_AFTER_SPLIT
The result is your target price to get even.
GBTC is traded on the OTCQX marketplace which requires financials audited by a PCAOB auditor among other requirements of highest standards.
Not OTC. Very Very Different.
This is clearly the time to buy and get even greater gains against your unrealized losses.
I smell some inexperience and panic in your words.
LOL. Same happened to me with TD Ameritrade.
I took a nice picture and had fun with friends telling them Bitcoin went nuts and made me an instant millionaire.
Which, by the way, it might not be that far fetched.
I checked again a few hours later and the price was set at a little more than $18. Back to normal.
It's done!
New shares show up in my TD Ameritrade account.
$18.08 is the new price and the number of shares are now multiplied by 91.
Next stop: Monday 01/29/2018.
1. $GBTC splits.
2. We're past futures expiration with no significant damage.
3. New Beginnings Coming.
GBTC LONG
That's exactly right.
Brokers are waiting for Grayscale to give them confirmation about the share structure that resulted after the split.
How soon the updated amount of shares will show up on your account depends on your brokerage account.
Yes. I agree and that's what a lot of people, including me, are waiting for.
We still need to see a couple of more things to happen to Bitcoin and afterwards we'll get back on our feet.
Don't sell. Don't panic. Big things ahead coming.
You fail to understand the whole purpose of dilution.
Dilution is like adding more water to your cocktail. You're tricking people in believing you have more.
But if your cocktail is overflowing then you need another glass to pour it in.
This is what is going on with $GBTC, smaller glasses, very same quantity.
Capisci?
NO DILUTION HERE
Agree. We all know it will happen.
GBTC LONG