GBTC Bitcoin Investment Trust Observer - page 24.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: Chef Ramsay on April 22, 2016, 11:00:17 PM

If the Wink ETF approval sincs w/ this uptrend then the upside will be unbelievable considering global markets at this junction. This could be a Rage Against the Machine event across the world meaning that the next FOMO will be far out as opposed to 2013. I'm talking 5 figures at least, yo.

Despite "Spiderwoman" being optimistic about the ETF i am not expecting it in the coming 1 or 2 years. The last difficult ETF SEC approval lasted 7 years, so that would mean 2021 for us.

StarenseN

legendary

Activity: 2478

Merit: 1362

Quote from: Chef Ramsay on April 22, 2016, 11:00:17 PM

If the Wink ETF approval sincs w/ this uptrend then the upside will be unbelievable considering global markets at this junction. This could be a Rage Against the Machine event across the world meaning that the next FOMO will be far out as opposed to 2013. I'm talking 5 figures at least, yo.

i concur

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

If the Wink ETF approval sincs w/ this uptrend then the upside will be unbelievable considering global markets at this junction. This could be a Rage Against the Machine event across the world meaning that the next FOMO will be far out as opposed to 2013. I'm talking 5 figures at least, yo.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Still no good way to arb this then??

mmortal03

legendary

Activity: 1762

Merit: 1011

Broke 70!

Vlad2Vlad

legendary

Activity: 3052

Merit: 1534

www.ixcoin.net

Quote from: iCEBREAKER on February 04, 2016, 10:51:25 AM

GBTC trading at 11% premium!

Winklevoss ETF can't get here fast enough.

Looks like TPTB want to accumulate before the next block subsidy halving, then let the plebs buy into the green spike.

This is probably incredibly accurate!

bobabouey2

sr. member

Activity: 248

Merit: 250

Quote from: bobabouey2 on April 20, 2016, 02:14:39 PM

GBTC at all time high. https://finance.yahoo.com/echarts?s=GBTC#{"range":"max","allowChartStacking":true}

Based on yesterday's close, a near 45% premium to NAV. http://grayscale.co/bitcoin-investment-trust/#market-performance

Oops, not quite there, yahoo max range wasn't working properly for me.

bobabouey2

sr. member

Activity: 248

Merit: 250

GBTC at all time high. https://finance.yahoo.com/echarts?s=GBTC#{"range":"max","allowChartStacking":true}

Based on yesterday's close, a near 45% premium to NAV. http://grayscale.co/bitcoin-investment-trust/#market-performance

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: iCEBREAKER on February 04, 2016, 10:51:25 AM

GBTC trading at 11% premium!

Winklevoss ETF can't get here fast enough.

Looks like TPTB want to accumulate before the next block subsidy halving, then let the plebs buy into the green spike.

lol, no, GBTC just doesn't track BTC *that* closely. We've seen larger spreads here, some even negative.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

GBTC trading at 11% premium!

Winklevoss ETF can't get here fast enough.

Looks like TPTB want to accumulate before the next block subsidy halving, then let the plebs buy into the green spike.

jl2012

legendary

Activity: 1792

Merit: 1111

4136XBT bought in Dec 2015

David Rabahy

hero member

Activity: 709

Merit: 503

It's almost done. UPS tracking indicates my GBTC transfer from non-broker custodian Equity Institutional to broker Schwab has indeed been delivered this morning. Apparently Grayscale was provided with the re-registration (although I didn't confirm that with Grayscale themselves). I think I am only about 3 or 4 more days away from actual liquidity (after more than 3 months). I've got to believe it would go somewhat faster the second time through but it is just so much effort on my part I am feeling less than enthusiastic.

Bottom line (at least for me): owning/exchanging US dollars to Bitcoin (and back) is pretty quick & easy in non-retirement accounts. Retirement accounts not so much; so far it is doubly indirect (through the Bitcoin Investment Trust and GBTC) but the tax advantage (especially with Roth) should be great but it wears me out. Sure now I can skip directly to GBTC (and might) but that wasn't available originally. Moreover, the arbitrage opportunity http://grayscale.co/bitcoin-investment-trust/#market-performance is largely an illusion given how long it takes to move funds through the cycle.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: Soros Shorts on December 11, 2015, 09:43:59 PM

I've never quite understood how regulations that are supposed to protect the little guy have the effect of making the little guy pay a 50% markup over what accredited investors pay for at the NAV.

Regulations...for the little guy...that's a good one!

Soros Shorts

donator

Activity: 1617

Merit: 1012

I've never quite understood how regulations that are supposed to protect the little guy have the effect of making the little guy pay a 50% markup over what accredited investors pay for at the NAV.

David Rabahy

hero member

Activity: 709

Merit: 503

Quote from: brg444 on December 10, 2015, 04:22:14 PM

Quote from: David Rabahy on December 10, 2015, 02:55:08 PM

Quote from: ImI on December 10, 2015, 12:18:38 PM

Quote from: David Rabahy on December 09, 2015, 02:56:31 PM

I am desperately trying to quicken the path through Grayscale (really my custodian) to arbitrage but to be effective I would need to be able to turn it around in a small number of days (or less) and right now it has taken most of a year for the first batch (not encouraging).

tbh its a pretty silly contruct

It was the first (and so far only?) way to get tax-favored retirement funds in; the lack of agility isn't utterly fatal.

I already had/have as many non-retirement funds in that I wanted; if I want more it is pretty straightforward to get them.

Bitcoins (or derivatives) in a retirement account (especially a Roth IRA) have a rather huge advantage over Bitcoins in a non-retirement account. *If* it goes to the moon then the tax difference will be enormous. I do fully expect the Roth IRA terms to be changed eventually; perhaps in part in response to the giant gains of Bitcoin.

Except if.. you know... never cash out Wink

*insert Morpheus meme*

Couldn't agree more *but* even just spending them to purchase something (without exchanging into fiat) will trigger a taxable event. Worse, I worry that eventually they might be taxed in place.

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: David Rabahy on December 10, 2015, 02:55:08 PM

Quote from: ImI on December 10, 2015, 12:18:38 PM

Quote from: David Rabahy on December 09, 2015, 02:56:31 PM

I am desperately trying to quicken the path through Grayscale (really my custodian) to arbitrage but to be effective I would need to be able to turn it around in a small number of days (or less) and right now it has taken most of a year for the first batch (not encouraging).

tbh its a pretty silly contruct

It was the first (and so far only?) way to get tax-favored retirement funds in; the lack of agility isn't utterly fatal.

I already had/have as many non-retirement funds in that I wanted; if I want more it is pretty straightforward to get them.

Bitcoins (or derivatives) in a retirement account (especially a Roth IRA) have a rather huge advantage over Bitcoins in a non-retirement account. *If* it goes to the moon then the tax difference will be enormous. I do fully expect the Roth IRA terms to be changed eventually; perhaps in part in response to the giant gains of Bitcoin.

Except if.. you know... never cash out Wink

*insert Morpheus meme*

David Rabahy

hero member

Activity: 709

Merit: 503

Quote from: ImI on December 10, 2015, 12:18:38 PM

Quote from: David Rabahy on December 09, 2015, 02:56:31 PM

I am desperately trying to quicken the path through Grayscale (really my custodian) to arbitrage but to be effective I would need to be able to turn it around in a small number of days (or less) and right now it has taken most of a year for the first batch (not encouraging).

tbh its a pretty silly contruct

It was the first (and so far only?) way to get tax-favored retirement funds in; the lack of agility isn't utterly fatal.

I already had/have as many non-retirement funds in that I wanted; if I want more it is pretty straightforward to get them.

Bitcoins (or derivatives) in a retirement account (especially a Roth IRA) have a rather huge advantage over Bitcoins in a non-retirement account. *If* it goes to the moon then the tax difference will be enormous. I do fully expect the Roth IRA terms to be changed eventually; perhaps in part in response to the giant gains of Bitcoin.

ImI

legendary

Activity: 1946

Merit: 1019

Quote from: David Rabahy on December 09, 2015, 02:56:31 PM

I am desperately trying to quicken the path through Grayscale (really my custodian) to arbitrage but to be effect I would need to be able to turn it around in a small number of days (or less) and right now it has taken most of a year for the first batch (not encouraging).

tbh its a pretty silly contruct

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: StarenseN on December 09, 2015, 10:44:20 AM

Dem volumes...

Wow, it hit 72.5 intra-day on Wednesday. Tuesday's close at 55.3 was also an all-time high at close. Looks like we may break that today.

David Rabahy

hero member

Activity: 709

Merit: 503

I am desperately trying to quicken the path through Grayscale (really my custodian) to arbitrage but to be effective I would need to be able to turn it around in a small number of days (or less) and right now it has taken most of a year for the first batch (not encouraging).

Topic: GBTC Bitcoin Investment Trust Observer - page 24. (Read 262371 times)