Replies to post #6724 on Grayscale Bitcoin Trust (GBTC)

[balamidas]

thanks for your input ! will do :)

[Panzer]

Been looking for an entrance here

[Amatuer17]

GBTC trading logic - GBTC is bitcoin trust fund. It contains 0.092 bitcoins per 1 GBTC

Bitcoin reached a high of $ 17822 so GBTC should have reached $1639 maximum but it reached $3530 - so it had crazy premium

Now bitcoin went down to $15577 so gbtc should be $1433 but it is $2383 - so it still has 50% premium
Many expect GBTC to come down to realistic level and reflect the 0.092 ratio and may be 10-15% convenience premium and then it can become good investment.

[bigjuice]

Part of me feels like you know what you are talking about and part of me feels like you don't fully understand the differences between Bitcoin and gold, etc. If you haven't gotten into Bitcoin yet, I am wary.