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Topic: GBTC Bitcoin Investment Trust Observer - page 17. (Read 262354 times)

sr. member
Activity: 696
Merit: 439
GBTC is up almost 4% on the day so far. I think it will continue to be strong as its the only way people can get exposure to it who have IRA's and stock trading accounts.
legendary
Activity: 1288
Merit: 1087
https://twitter.com/jwthn/status/868196419051675648

gbtc in the top five most traded among fidelity customers.
legendary
Activity: 1762
Merit: 1011
Looks like we saw today the highest GBTC premium at close over BTC in two years, and probably the highest intraday premium since inception.

In @ 51, out @ 540.  I will wait for the premium to shrink before reentry.

Excellent work. The trick now is timing when you get back in.  Smiley I've got to do something similar.
legendary
Activity: 1904
Merit: 1002
Looks like we saw today the highest GBTC premium at close over BTC in two years, and probably the highest intraday premium since inception.

In @ 51, out @ 540.  I will wait for the premium to shrink before reentry.
legendary
Activity: 1762
Merit: 1011
Looks like we saw today the highest GBTC premium at close over BTC in two years, and probably the highest intraday premium since inception.
sr. member
Activity: 1181
Merit: 259
Its up some 80% in the 10 days since I bought. Crazy!

Is it still the case where you have to hold for a year before you can sell?

Yes if outside an IRA and you want to avoid short term capital gains tax.
sr. member
Activity: 696
Merit: 439
Its up some 80% in the 10 days since I bought. Crazy!

Is it still the case where you have to hold for a year before you can sell?
sr. member
Activity: 1181
Merit: 259
am I the only seller of this today?  no matter what price I set,  sell orders keep filling
high 419 so far

It has leveled off to $399 now. Still crazy prices.
full member
Activity: 219
Merit: 100
am I the only seller of this today?  no matter what price I set,  sell orders keep filling
high 419 so far
legendary
Activity: 1762
Merit: 1011
265 was the previous intra-day ATH. Let's see if we break that today.

Looks like the high today was 264.99. lol
sr. member
Activity: 1181
Merit: 259
This went from a tiny position back in my IRA in 2015 to a huge one now. I am just letting it ride.
legendary
Activity: 1762
Merit: 1011
265 was the previous intra-day ATH. Let's see if we break that today.
legendary
Activity: 1762
Merit: 1011
I got lucky and caught the top of the latest premium peak, taking some profits a little over a week ago. It's still hanging in there pretty well, though.
legendary
Activity: 1762
Merit: 1011
It's gaining its premium over BTC again, which seems to fit the idea that GBTC is going to be the best we get on this front for a while.
sr. member
Activity: 1181
Merit: 259
We are at the highest percent difference as compared to BTC since January, but nothing approaching last summer.

$200 is an interesting psychological level, though.

At this moment, GBTC is trading at 222$ , that's a big increase on difference with bitcoin, and a big increase on its price from 2 days ago. 

Yea, but if BTC goes parabolic, like it seems it is, it could really get interesting.
legendary
Activity: 1470
Merit: 1001
We are at the highest percent difference as compared to BTC since January, but nothing approaching last summer.

$200 is an interesting psychological level, though.

At this moment, GBTC is trading at 222$ , that's a big increase on difference with bitcoin, and a big increase on its price from 2 days ago. 
legendary
Activity: 1762
Merit: 1011
We are at the highest percent difference as compared to BTC since January, but nothing approaching last summer.

$200 is an interesting psychological level, though.
sr. member
Activity: 1181
Merit: 259
when is grayscale going to have the ethereum trust available to buy into?

I don't think they will. Instead Barry Silbert, who runs GBTC, wants to create a type of ETC fund for accredited investors.
legendary
Activity: 1639
Merit: 1006
when is grayscale going to have the ethereum trust available to buy into?
sr. member
Activity: 1181
Merit: 259
Yea, I guess GBTC trading can still get out of wack with BTC when BTC is on a roll. It could present some interesting trading.
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