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January 22nd only establishes your eligibility to receive the 90 shares.
There won't be any split until the COB of the 26th so no new price will be available until Monday 29th according to the press release.
I've had many splits in the past and they're done in one day.
This one is a sort of a hybrid between a stock split and a dividend.
As I previously said, the way it's laid out does not make any sense to me.
Particularly regarding the trading price and amount of shares available during those 4 days.
That's really an issue for buyers. Sellers will be unaffected by that.
Unless buyers dump the stock the same day in order to make a buck.
That's why I said that it's pointless to sell or buy during those days.
The stock will be traded with the new price starting Monday, January 29th.
Those who owned shares COB January 22nd will receive the additional 90 shares plus the 1 owned (90 + 1).
The new price and amount of shares will be visible through brokerage accounts Monday, January 29th (possibly over the weekend depending on the platform you're on).
Between January 22nd and January 26th GBTC is going to be traded as usual with the current market price.
@Stable Genius
That's right! Wait after the split. Bargain prices coming!
Not a company. GBTC is a Trust Fund invested in and deriving value from the price of bitcoin.
Hence, the volatility. Because of the volatile price of Bitcoin.
The company behind it, Grayscale (www.grayscale.co) is part of the DCG, Digital Currency Group.
No way. Too volatile. It will never be approved with this kind of volatility.
That's why it's traded on an unregulated market such as OTC.
That was a serious trader. One of those we'll never see in here bragging about their trades.
Split news are spreading and predictions of GBTC price going up is having an effect on investors.
Are you saying the same day of the split? The day after? A month after?
Actually you're going to get 91 shares
Oops... I believe I replied to the wrong user
Microsoft keeps accepting Bitcoin
https://www.coindesk.com/microsoft-resumes-bitcoin-payments-after-halt-over-instability/
You're talking nonsense.
If there was such formula to anticipate price nobody will ever lose money. Duh.
Is that the same formula that told you GBTC was going down to $1,100?
It's like you're never been here.
We've seen this kind of behavior well over a year now.
Even kids know about BTC volatility.
True.
Is AntMiner a good and reputable brand?
Thanks a lot for the info.
Your words are very valuable not just for me but for anybody who follow this board.
I've read a lot of good-to-be-true ads about mining service and tried to understand where the catch was, so many thanks for that.
As far as mining equipment I remember when lead time for a new equipment was about 1 year so they have been gotten better in manufacturing them. There are still lots of Bitcoins to be mined so it's still probably still a good opportunity but I would do what you did. Go directly to the manufacturer.
Thanks!
I know man! Very exciting times!!!
Less than 1 hour ago BTC hit $17,200
24 hours ago was at $14,855
You do the math.
$18,000 on Monday looks very much possible.
Great Poll!
I personally traded $GTBC because I could do it through my brokerage account.
I took at look at Coinbase and GDAX and I see that it's not really a big deal to create a wallet. I'm thinking about that too.
But what about mining BTC yourself? I saw plenty of online offerings of shared mining servers for 0.5 BTC.
It looks like there are at least 3 valid alternatives for making money with Bitcoin:
1. GBTC Trust
2. BTC exchanges
3. Mining
I'm seriously thinking about mining right now.
GTBC hit $3,523 on December 18th, 2017.
Give it at least a month.
Let's see where we are on January, 18th, 2018.
Is it going to be $1,100 or $3,523?
ETF will be based on Futures NOT THE PRICE OF BITCOIN.
The SEC will never approve an ETF on something volatile like the Bitcoin price.
Capisci???
Why are you asking me?
Call Bank of America or Merrill Lynch and ask them.
Lawsuits about what?
Do you understand that a broker is nothing more than a middle man that connects you to different markets such as NYSE, NASDAQ, OTC?
If you want to buy risky investment is really up to you.
Bank of America and Merrill Lynch banned GBTC from being offered to their clients.
Very unlikely.
It's Brokerage vs Investing Advising.
Two different things.
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You sold at $430??? WHY??? CrAzY Man!
When did you sell?
Happy New Year Everybody!
May 2018 bring a year to remember for GBTC
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Happy New Year Everybody!
May 2018 bring a year to remember for DIGX
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ETFs based on how the Bitcoin's future market is reacting.
So they're going to follow trends but not the Bitcoin price.
No way the SEC is approving volatile ETFs.
You DO NOT UNDERSTAND what you are reading.
Those ETFs are based on future contracts not Bitcoins.
Mutual funds also do splits. Not very common though. But that's because they're not volatile and because intended for other audiences.
The fact that "it's not a stock" is really not a reason.
GBTC gives us essentially a fraction of the underline capital based in Bitcoins so the lower the share price is the lower the participation.
Do you think they're going to do a split?
This ticker is getting expensive for the average Joe to get in.
GBTC is definitely heading north and soon they may have to do a split on this thing.
For many people, it's getting too expensive to get in and it's hurting trading.
Does anybody know how brokers handle the maintenance fee for the fund?
The prospect say 2% but I was unable to find info about when and how much per period.
Thanks in advance!