Topic: GBTC Bitcoin Investment Trust Observer - page 9. (Read 262369 times)
Scottrade.com does not let me buy GBTC on margin
Fidelity just put a ban on day trading/buying GBTC it looks like. Weird?
I think many brokers are now limiting access to GBTC and CoinXBT. Hilarious that they started doing this before the biggest bull market in BTC history.
I wonder if future's will make gbtc a good short snice people don't need gbtc and its ridiculous premium anymore. I'm thinking of a play where you simultaneously long futures and short gbtc
I don't think you can easily short GBTC.
Fidelity just put a ban on day trading/buying GBTC it looks like. Weird?
Link?
I wonder if future's will make gbtc a good short snice people don't need gbtc and its ridiculous premium anymore. I'm thinking of a play where you simultaneously long futures and short gbtc
Fidelity just put a ban on day trading/buying GBTC it looks like. Weird?
Motley Fool FUD to blame I reckon...
https://www.fool.com/investing/2017/12/04/this-bitcoin-fund-could-plunge-when-bitcoin-future.aspx
https://www.fool.com/investing/2017/12/04/this-bitcoin-fund-could-plunge-when-bitcoin-future.aspx
But with BTC up another $1,000 overnight I think this will be ignored and GBTC will be up 300 - 400 at the opening bell.
GBTC dropped 40% Dec 5 just like Motley Fool says predicted then climbed back up halfway at the close. I wonder if GBTC will re-structure to make it more competitive with next week's futures product introductions?
Motley Fool FUD to blame I reckon...
https://www.fool.com/investing/2017/12/04/this-bitcoin-fund-could-plunge-when-bitcoin-future.aspx
https://www.fool.com/investing/2017/12/04/this-bitcoin-fund-could-plunge-when-bitcoin-future.aspx
GBTC is dropping a bit. I wonder if we'll see a further drop into next week given the CBOE futures trading announcement (on top of the already announced CME trading).
GBTC is on a ROLLER COASTER
On Dec 5, GBTC opened at 1880.50
39m later spiked +13.3% to 1905.55
two hours later dropped -41% to 1350.00
32m later climbed back up +22.8% to 1658.36
then went up and down for 3h 45m closing the day at 1573.88
down -13.76% for Dec 5
THOSE ARE SOME BIG SWINGS!
GBTC is dropping a bit. I wonder if we'll see a further drop into next week given the CBOE futures trading announcement (on top of the already announced CME trading).
I am not sure, while for institutions the futures market would make sense, for your average person on the street GBTC is the easiest way to gain exposure. It dipped but came back quite a bit quickly, so the demand is still there.
GBTC is dropping a bit. I wonder if we'll see a further drop into next week given the CBOE futures trading announcement (on top of the already announced CME trading).
Record date of Dec 4th announced for BTG distribution :
http://www.otcmarkets.com/stock/GBTC/news/Bitcoin-Investment-Trust-Announces-Record-Date-for-Distribution-of-Bitcoin-Gold?id=176190&b=y
http://www.otcmarkets.com/stock/GBTC/news/Bitcoin-Investment-Trust-Announces-Record-Date-for-Distribution-of-Bitcoin-Gold?id=176190&b=y
So I guess this is pretty much the GBTC and general crypto fund thread. I see that Grayscale has now released Ether Classic (ETC) and Zcash (ZEC) funds. Any thoughts on these and/or anyone invested in them or planning to?
If I'm not mistaken, those two are currently for accredited investors only.
Im glad I bought back into GBTC a couple of weeks ago, big move today. 20%+
Yea, I was expecting a big day. I had a feeling people were telling their family members, over the thanksgiving holiday, that GBTC was an easy to get into Bitcoin. The GBTC I bought back in July 2015 is up 4,300%. I never expected such gains so fast in an IRA.
Crypto gains for the last 18 months have been fantastic, cheers!
So I guess this is pretty much the GBTC and general crypto fund thread. I see that Grayscale has now released Ether Classic (ETC) and Zcash (ZEC) funds. Any thoughts on these and/or anyone invested in them or planning to?
Im glad I bought back into GBTC a couple of weeks ago, big move today. 20%+
Yea, I was expecting a big day. I had a feeling people were telling their family members, over the thanksgiving holiday, that GBTC was an easy to get into Bitcoin. The GBTC I bought back in July 2015 is up 4,300%. I never expected such gains so fast in an IRA.
Im glad I bought back into GBTC a couple of weeks ago, big move today. 20%+
https://xbtprovider.com/news/post/xbt-provider-ab-further-update-in-connection-with-bitcoin-cash
"As was also confirmed in the Press Release of 17th October, 2017, the Issuer has determined to implement a cash distribution plan in respect of the result of this fork. During the three-month ‘observation period’, the Issuer sold 44,471‘Bitcoin Cash’ coins, for a USD value of $14,587,291. These proceeds, less the costs of implementing and administering the distribution plan, will be available for remittance for the benefit of the holders of its bitcoin-referenced Certificates at the opening of trading on August 1st."
$328 a BCH selling price. Didn't know observation period meant dump during that observation period
"As was also confirmed in the Press Release of 17th October, 2017, the Issuer has determined to implement a cash distribution plan in respect of the result of this fork. During the three-month ‘observation period’, the Issuer sold 44,471‘Bitcoin Cash’ coins, for a USD value of $14,587,291. These proceeds, less the costs of implementing and administering the distribution plan, will be available for remittance for the benefit of the holders of its bitcoin-referenced Certificates at the opening of trading on August 1st."
$328 a BCH selling price. Didn't know observation period meant dump during that observation period
Hopefully GBTC does better than that.
Jump to: