Replies to post #6891 on Grayscale Bitcoin Trust (GBTC)

[Clutch29]

Mee too

[Tenured]

I can tell you but it's not worth the paper it's printed on. At this point if it were me I would see what tomorrow brings. Also I don't know your situation per se. Some can withstand bigger unrealized losses like the ones today and yesterday. Some can't. It's a matter of risk preference and financial resources. Everyone here las Likely lost on a trade or two or 20! If it were easy everyone would be doing it. LoL.

The encouraging thing is bitcoin is relatively stable today for the most part. All crypto is down some today except ripple. Now it's a partial function of gbtc moving up. That could take days, weeks or a month. No one really knows. Charts will help
Some but I have never believed that charts are a necessity for OTC. They help at times but personally I don't use them as i don't do daily or weekly trading. For example, charts suggest gbtc are way oversold so an upswing in imminent right? Maybe ? Who knows? Bitcoin and gbtc moves based on supply and demand mostly.

[bigjuice]

I just PM'd Clutch. I don't want to type it all again but you could try seeing if he can pass the message along.

Bottom line, don't get sick. You should be fine, just start doing as much research as you can.