Grayscale Bitcoin Trust (GBTC)

[Cyberoneiric2]

could test 1850-1750 support tomorrow and if it does it will offer a nice trading opp

Indeed, if it does it would make a nice short term flip. But I am talking long term holding. BTC and therefore GBTC could go all the way down to $750 in the long term.

If you buy GBTC at $1,750 and it goes back up and you make a profit, then TAKE your profits. Don't get greedy imaginating it will keep going up.

I am waiting for Bitcoin to mature, for the cryptocurrency scene to mature before I dive in and STORE my value. I did not benefit from Bitcoin's price appreciation, but I would be interested in preserving some of my capital in the virtual world.

Therefore, I feel that BTC at $7,500 is where it will act as Gold 2.0

I also find it interesting that cryptocurrencies collaborate with each other rather than merely compete. There are financiers talking about if the wealthy just put 1% of their wealth in BTC, it could go to $60,000. I disagree.

The wealthy are much more sophisticated than that and the cryptoworld has grown larger and beyond BTC, and this world is constantly expanding.

So a long term $7,500 for BTC is what I see.