GBTC had a couple of nice days and Monday should see a decent pop. It should crack $500 easily.
I took profits yesterday, lol, so, of course it will.
Topic: GBTC Bitcoin Investment Trust Observer - page 15. (Read 262354 times)
I took profits yesterday, lol, so, of course it will.
GBTC had a couple of nice days and Monday should see a decent pop. It should crack $500 easily.
They'll be liquidating the fork coins and distributing assets...sometime.
Lots of wiggle room but the fact they are not supporting except through liquidation, is clear.
https://finance.yahoo.com/news/grayscale-investments-llc-statement-regarding-203000163.html
Lots of wiggle room but the fact they are not supporting except through liquidation, is clear.
https://finance.yahoo.com/news/grayscale-investments-llc-statement-regarding-203000163.html
I'd like to know what happens if someone owned GBTC shares before the fork, and sells their shares before the distribution of assets, if they'll get theirs.
Edit: The way I'm reading the following, if you bought shares by end of day July 31st, you should be entitled to whatever they distribute.
"In addition, such distribution, if and when made, would be to owners who held Trust units on a specified record date, which is anticipated to be the day the fork occurs. The amount of any distribution will be net of expenses of the Sponsor and the Trust, including costs associated with liquidation and distribution."
They'll be liquidating the fork coins and distributing assets...sometime.
Lots of wiggle room but the fact they are not supporting except through liquidation, is clear.
https://finance.yahoo.com/news/grayscale-investments-llc-statement-regarding-203000163.html
Lots of wiggle room but the fact they are not supporting except through liquidation, is clear.
https://finance.yahoo.com/news/grayscale-investments-llc-statement-regarding-203000163.html
My guess is the trust will keep them for themselves. They know many who get into GBTC have limited options. I got it in my IRA because it is difficult to get BTC in one.
People putting money into GBTC are not getting bitcoins in return. They're getting shares in GBTC.
Bitcoin Cash has nothing to do with them as they themselves have nothing to do with Bitcoin.
I just read Jimmy Song's article, and it has me wondering what will happen to the potential value of the Bitcoin Cash coins that can be redeemed from the Bitcoin private keys that Xapo is holding for GBTC shareholders.
https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf
https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf
My guess is the trust will keep them for themselves. They know many who get into GBTC have limited options. I got it in my IRA because it is difficult to get BTC in one.
I just read Jimmy Song's article, and it has me wondering what will happen to the potential value of the Bitcoin Cash coins that can be redeemed from the Bitcoin private keys that Xapo is holding for GBTC shareholders.
https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf
https://medium.com/@jimmysong/bitcoin-cash-what-you-need-to-know-c25df28995cf
We've got a higher premium on GBTC shares over BTC than we did last week...
Can the people who are buying the dips back up to $400 please stop doing that? 
gbtc doesn't have to do anything, they own keys, the keys are what has value period
What matters is what they do with that value and what that means for the price. If Bitcoin forks into two economically viable chains, they will hold keys to coins on both sides of the chain. Will they make that value available to their stock holders or not? Does holding their stock mean that you get the value behind those private keys on both chains, or do they just pocket the value from one of the two chains and only allow their shares to represent coins on one side of the fork?
Looks like GBTC is finally dipping.
it is the only game in town, I think anything below $400 is a buy as i don't believe Bitcoin will drop below 2k anymore.
Exactly my thinking. Once this Aug 1st fork business passes bitcoin should be on solid ground for another rally.
After watching the following, I'm not so sure of that. Keep in mind that the Bitcoin Investment Trust may have to choose a side of the fork.
https://www.youtube.com/watch?v=JTCB5bRGQj0
gbtc doesn't have to do anything, they own keys, the keys are what has value period
Looks like GBTC is finally dipping.
it is the only game in town, I think anything below $400 is a buy as i don't believe Bitcoin will drop below 2k anymore.
Exactly my thinking. Once this Aug 1st fork business passes bitcoin should be on solid ground for another rally.
After watching the following, I'm not so sure of that. Keep in mind that the Bitcoin Investment Trust may have to choose a side of the fork.
https://www.youtube.com/watch?v=JTCB5bRGQj0
Looks like GBTC is finally dipping.
it is the only game in town, I think anything below $400 is a buy as i don't believe Bitcoin will drop below 2k anymore.
Exactly my thinking. Once this Aug 1st fork business passes bitcoin should be on solid ground for another rally.
Looks like GBTC is finally dipping.
it is the only game in town, I think anything below $400 is a buy as i don't believe Bitcoin will drop below 2k anymore.
Looks like GBTC is finally dipping.
GBTC is going up while BTC is going down. People are going to get rekt.
GBTC is dropping like a rock today.
Today has been even better.
GBTC is dropping like a rock today.
"This bitcoin investment vehicle could be 'a disaster waiting to happen'": http://www.cnbc.com/2017/06/08/this-bitcoin-investment-vehicle-could-be-a-disaster-waiting-to-happen.html
Do they not have a point? It's not exactly liquid and becoming more tenuously related to the Bitcoin price by the day. The premium's gone from near nowt to near double. That's not a signal of a market that works very well.
The premium is starting to come down.
Today:
BTCUSD up 5%
GBTC down 8%
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