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Topic: GBTC Bitcoin Investment Trust Observer - page 8. (Read 262354 times)

sr. member
Activity: 1181
Merit: 259
December 21, 2017, 10:10:10 PM
lol, well, if you bought GBTC in the last few days, you just got rekt. Much better premium now, though.

It could be because new ETF's are wanted: News URL : http://uk.businessinsider.com/new-york-stock-exchange-looking-to-dive-into-bitcoin-with-2-new-etfs-2017-12?r=US&IR=T
legendary
Activity: 1762
Merit: 1011
December 21, 2017, 04:11:08 PM
lol, well, if you bought GBTC in the last few days, you just got rekt. Much better premium now, though.
full member
Activity: 287
Merit: 101
December 18, 2017, 07:41:47 PM
My notes tell me to sell when it clears a 70% premium and rebuy at around 10% - though I haven't sold yet this time around. Crazy end of the year stuff seems to be happening. :-)
sr. member
Activity: 1181
Merit: 259
December 18, 2017, 04:59:44 PM
The premium is increasing again.
GBTC is trading at $34-35K bitcoin equivalence.
Either premium would have to come down or btc would have to go above 30K (or both  Grin).

I am trying to wrap my head around the premium right now. I think it is simply market awareness. Most traditional investors do not want to manage their own assets so this is an easier path and surprisingly few people actually know gbtc exists. So with viral awareness comes these price spikes... thoughts???

Yes, the premium has gone near 100% several times. No doubt there is BTC FOMO and GBTC is an easy way into bitcoin. How long it will last is anybodies guess, but I think it can stay near 100% premium for months at a time.
sr. member
Activity: 1181
Merit: 259
December 18, 2017, 04:56:03 PM
Does anyone know when the next legit BTC backed ETF will be tradeable? Is there anything on the horizon near term? I heard Winklevoss ETF reapplied???

Your guess is as good as mine. There has been no indication this will occur anytime soon. The government can sit on these applications and appeals for months and years. However, the futures trading of BTC does give another push towards legitimacy.
legendary
Activity: 1639
Merit: 1006
December 18, 2017, 03:33:36 PM
The premium is increasing again.
GBTC is trading at $34-35K bitcoin equivalence.
Either premium would have to come down or btc would have to go above 30K (or both  Grin).

I am trying to wrap my head around the premium right now. I think it is simply market awareness. Most traditional investors do not want to manage their own assets so this is an easier path and surprisingly few people actually know gbtc exists. So with viral awareness comes these price spikes... thoughts???
legendary
Activity: 3892
Merit: 4331
December 18, 2017, 01:17:33 PM
The premium is increasing again.
GBTC is trading at $34-35K bitcoin equivalence.
Either premium would have to come down or btc would have to go above 30K (or both  Grin).
legendary
Activity: 1639
Merit: 1006
December 18, 2017, 11:41:08 AM
Does anyone know when the next legit BTC backed ETF will be tradeable? Is there anything on the horizon near term? I heard Winklevoss ETF reapplied???
sr. member
Activity: 289
Merit: 252
bagholder since 2013
December 18, 2017, 10:03:50 AM
GBTC annihilating shorters.  Grin
sr. member
Activity: 1181
Merit: 259
December 16, 2017, 04:44:48 PM
Can we expect similar dividends for Bitcoin Gold, Super Bitcoin, Bitcoin Allah, et cetera?Huh

BTG record date was December 4th, so expect that distribution within 90 days if you held GBTC then.

Some smaller coin forks they said they would not support (not worth the paperwork)
legendary
Activity: 1762
Merit: 1011
December 16, 2017, 03:31:43 PM
Can we expect similar dividends for Bitcoin Gold, Super Bitcoin, Bitcoin Allah, et cetera?Huh

BTG record date was December 4th, so expect that distribution within 90 days if you held GBTC then.
legendary
Activity: 1639
Merit: 1006
December 16, 2017, 01:28:39 PM
Can we expect similar dividends for Bitcoin Gold, Super Bitcoin, Bitcoin Allah, et cetera?Huh
newbie
Activity: 9
Merit: 0
December 16, 2017, 10:36:44 AM

Great that in the video Tom Lee says GBTC is now trading at only a 10% premium making the price more inline with reality.
legendary
Activity: 1762
Merit: 1011
December 15, 2017, 08:56:58 AM
Hey all you GBTC haters and lovers, just want to inform you that i just got a GBTC dividend today and it was HUGGGGE!!!!! Until I can pick another crypto Ticker on my trade account GBTC is the complete BOMMMMMMMBBBBB!!!!!!!!

Oh, wow, I did, too. We got our BCH dividend!

Yes, $113 per share. I got back way more with this dividend then may original investment!

Yep, which comes out to something like $1229.47 per BCH. Not bad at all for those of us who held back in November at the record date.
sr. member
Activity: 1181
Merit: 259
December 15, 2017, 08:24:02 AM
Hey all you GBTC haters and lovers, just want to inform you that i just got a GBTC dividend today and it was HUGGGGE!!!!! Until I can pick another crypto Ticker on my trade account GBTC is the complete BOMMMMMMMBBBBB!!!!!!!!

Oh, wow, I did, too. We got our BCH dividend!

Yes, $113 per share. I got back way more with this dividend then may original investment!
hero member
Activity: 763
Merit: 534
December 15, 2017, 07:22:44 AM
Any updates on XBT Provider / Coin XBT ETN shares BCH dividend? They opened up a site for claims, but I'm pretty sure the brokers have to use it, not individual share holders.
legendary
Activity: 1762
Merit: 1011
December 14, 2017, 08:46:37 PM
Hey all you GBTC haters and lovers, just want to inform you that i just got a GBTC dividend today and it was HUGGGGE!!!!! Until I can pick another crypto Ticker on my trade account GBTC is the complete BOMMMMMMMBBBBB!!!!!!!!

Oh, wow, I did, too. We got our BCH dividend!
legendary
Activity: 1639
Merit: 1006
December 14, 2017, 04:56:26 PM
Hey all you GBTC haters and lovers, just want to inform you that i just got a GBTC dividend today and it was HUGGGGE!!!!! Until I can pick another crypto Ticker on my trade account GBTC is the complete BOMMMMMMMBBBBB!!!!!!!!
legendary
Activity: 1762
Merit: 1011
December 13, 2017, 08:49:34 AM
I understand payouts from the BCASH distribution should occur any day now, has anybody got it in their accounts?

I think their sale was supposed to last up to 90 days, which would put it in the first week of February at the latest before they could technically be done with the sale. I *guess* it could happen earlier than that.
sr. member
Activity: 1181
Merit: 259
December 13, 2017, 06:24:11 AM
I understand payouts from the BCASH distribution should occur any day now, has anybody got it in their accounts?
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