Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 906. (Read 26713902 times)
April 20, 2024, 02:01:13 PM
April 20, 2024, 01:48:01 PM
The fees are very high, I read that it is because of the launch of something called RUNE, (I don't know what it is about)... but I will probably have to accumulate some BTC from DCA on an exchange before withdrawing... unfortunately. I hope things get back to normal soon.
Does anyone have any alternative to this, of keeping some BTC in an exchange for a while? before withdrawing to the wallet? I don't think there's much to do except wait
Does anyone have any alternative to this, of keeping some BTC in an exchange for a while? before withdrawing to the wallet? I don't think there's much to do except wait
Withdraw sats over the Lignting network. Kraken and Cash App support it and even Coinbase is finally working on it. Zero fees and instant, even today.
LOL. I’m guessing you haven’t actually used Lightning recently… I’m seeing plenty of people complaining about channel costs and failed transactions. You’re better off using a shitcoin.
The beauty of this terribly managed fee market is that nobody can afford to move BTC to exchanges, so the weekend should be pretty quiet.
April 20, 2024, 01:30:35 PM
When $7.5 million?
2035?
However, Jurrien Timmer says that btc may be $100 mil by 2035
https://www.coinspeaker.com/fidelity-bitcoin-btc-100-million-2035/
and 1 billion by 2038:
https://www.coinspeaker.com/bitcoin-worth-1-billion-2038-fidelity/
Of course, $$ will have to lose about 90% of the buying power by then (so, it is more like $100 mil in current $$)
April 20, 2024, 01:28:54 PM
OT alert... because that's what I do....
You can now all sing along bros. Track released...
https://bitcointalksearch.org/topic/m.63942210
https://soundcloud.com/sirazimuth/totality6
GO BITCOIN
You can now all sing along bros. Track released...
https://bitcointalksearch.org/topic/m.63942210
https://soundcloud.com/sirazimuth/totality6
GO BITCOIN
Totality in Tonality
I like the production, timbre of voice(s) with those energic accents, clean guitar sound, overall dynamics.
Well done, almost sounds like a live studio recording (on the headphones).
April 20, 2024, 01:19:18 PM
Finally
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
Lol going from 1,5% fee to 0,15% on a mini
and
Quote
The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing.
Also lol, GBTC currently holds about BTC304k so 63.204 would represent 20% of existing assets. So for GBTC holders 80% @ 1,5%fee, and 20% @ 0,15%fee would still put you at 1,23% overall
Edit: Or to look at it from another angle, they would still have BTC241k (BTC304k - BTC63k) waiting to be liquidated...
Sorry, but it is irrelevant as you don't know the future trajectory of mini.
Example: it could trade at a premium and since GBTC trades with no discount, you still come out ahead. For example, ibit trades between 0.84% discount and 0.98% premium. Same for FBTC.
That's almost 2% range. I know...the snickering must continue regardless of facts, lol.
However, ask yourself: how relevant is this when we go up/down 5% a day?
Which part is irrelevant exactly? Fee is a fee. Not sure why you're picking extremes in volatility in other funds to further your point? In fact to flip this around, if you time it right you might add 2% profit on other funds by exploiting inefficiencies of their market makers (APs), come in when it trades at a discount and exit at a premium
1,3% savings on fees, is about 1,3% relevant regardless how much underlying is moving.
Finally
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
Lol going from 1,5% fee to 0,15% on a mini
and
Quote
The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing.
Also lol, GBTC currently holds about BTC304k so 63.204 would represent 20% of existing assets. So for GBTC holders 80% @ 1,5%fee, and 20% @ 0,15%fee would still put you at 1,23% overall
Edit: Or to look at it from another angle, they would still have BTC241k (BTC304k - BTC63k) waiting to be liquidated...
Sorry, but it is irrelevant as you don't know the future trajectory of mini.
Example: it could trade at a premium and since GBTC trades with no discount, you still come out ahead. For example, ibit trades between 0.84% discount and 0.98% premium. Same for FBTC.
That's almost 2% range. I know...the snickering must continue regardless of facts, lol.
However, ask yourself: how relevant is this when we go up/down 5% a day?
From what I understand from the link, it's mainly a way to keep customers happy, who are "stuck" in the Grayscale environment if they don't want to pay a lot of taxes.
Hahaha ohh you got me there, yes i'm sure GBTC really cares about keeping their customers happy, you funny, i like you
Edit: On the bright side we might see a stop on GBTC outflows until mini is listed, meaning price...
Again, there is no discount in GBTC, so, with high volatility, 1.5% A YEAR fee is irrelevant unless you want to keep GBTC position for 5-10 years without trading in or out.
GBTC is largely a nothingburger at this point. The question of high volatility is not, however.
April 20, 2024, 01:17:53 PM
at jjg the muslim and jewish doctors saved this catholics butt.
congrats on your new butt.
butt transplants are no joke.
not sure why your nose hurts tho.
1. 11/28/2012 $12
2. 07/09/2016 $675
3. 05/11/2020 $9760
4. 20/04/2024 $63,838
2. 07/09/2016 $675
3. 05/11/2020 $9760
4. 20/04/2024 $63,838
20/04/2024 is nice looking date!
Congrats everyone on yet another halving!
April 20, 2024, 01:14:10 PM
When $7.5 million?
April 20, 2024, 01:13:39 PM
something annoying, but inevitable (relevant for US only):
https://bitcoinist.com/irs-reveals-preliminary-tax-form-for-digital-assets/
the proposed form itself is here:
https://www.irs.gov/pub/irs-dft/f1099da--dft.pdf
I still don't get it how it 'works' with assets that you transfer 'in' to Coinbase, for example.
how can they determine the cost basis?
Without this, it is meaningless and WILL result in collection errors.
Additionally, they call digital assets "securities", which is strange.
https://bitcoinist.com/irs-reveals-preliminary-tax-form-for-digital-assets/
the proposed form itself is here:
https://www.irs.gov/pub/irs-dft/f1099da--dft.pdf
I still don't get it how it 'works' with assets that you transfer 'in' to Coinbase, for example.
how can they determine the cost basis?
Without this, it is meaningless and WILL result in collection errors.
Additionally, they call digital assets "securities", which is strange.
April 20, 2024, 01:05:12 PM
Finally
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
Lol going from 1,5% fee to 0,15% on a mini
and
Quote
The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing.
Also lol, GBTC currently holds about BTC304k so 63.204 would represent 20% of existing assets. So for GBTC holders 80% @ 1,5%fee, and 20% @ 0,15%fee would still put you at 1,23% overall
Edit: Or to look at it from another angle, they would still have BTC241k (BTC304k - BTC63k) waiting to be liquidated...
Sorry, but it is irrelevant as you don't know the future trajectory of mini.
Example: it could trade at a premium and since GBTC trades with no discount, you still come out ahead. For example, ibit trades between 0.84% discount and 0.98% premium. Same for FBTC.
That's almost 2% range. I know...the snickering must continue regardless of facts, lol.
However, ask yourself: how relevant is this when we go up/down 5% a day?
Which part is irrelevant exactly? Fee is a fee. Not sure why you're picking extremes in volatility in other funds to further your point? In fact to flip this around, if you time it right you might add 2% profit on other funds by exploiting inefficiencies of their market makers (APs), come in when it trades at a discount and exit at a premium
1,3% savings on fees, is about 1,3% relevant regardless how much underlying is moving.
Finally
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
Lol going from 1,5% fee to 0,15% on a mini
and
Quote
The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing.
Also lol, GBTC currently holds about BTC304k so 63.204 would represent 20% of existing assets. So for GBTC holders 80% @ 1,5%fee, and 20% @ 0,15%fee would still put you at 1,23% overall
Edit: Or to look at it from another angle, they would still have BTC241k (BTC304k - BTC63k) waiting to be liquidated...
Sorry, but it is irrelevant as you don't know the future trajectory of mini.
Example: it could trade at a premium and since GBTC trades with no discount, you still come out ahead. For example, ibit trades between 0.84% discount and 0.98% premium. Same for FBTC.
That's almost 2% range. I know...the snickering must continue regardless of facts, lol.
However, ask yourself: how relevant is this when we go up/down 5% a day?
From what I understand from the link, it's mainly a way to keep customers happy, who are "stuck" in the Grayscale environment if they don't want to pay a lot of taxes.
Hahaha ohh you got me there, yes i'm sure GBTC really cares about keeping their customers happy, you funny, i like you
Edit: On the bright side we might see a stop on GBTC outflows until mini is listed, meaning price...
April 20, 2024, 01:01:15 PM
April 20, 2024, 12:59:37 PM
Finally
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
Lol going from 1,5% fee to 0,15% on a mini
and
Quote
The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing.
Also lol, GBTC currently holds about BTC304k so 63.204 would represent 20% of existing assets. So for GBTC holders 80% @ 1,5%fee, and 20% @ 0,15%fee would still put you at 1,23% overall
Edit: Or to look at it from another angle, they would still have BTC241k (BTC304k - BTC63k) waiting to be liquidated...
Sorry, but it is irrelevant as you don't know the future trajectory of mini.
Example: it could trade at a premium and since GBTC trades with no discount, you still come out ahead. For example, ibit trades between 0.84% discount and 0.98% premium. Same for FBTC.
That's almost 2% range. I know...the snickering must continue regardless of facts, lol.
However, ask yourself: how relevant is this when we go up/down 5% a day?
etf’s seem to have caused a lot of volatility.
it's possible as this is how major Wall street firms make their "trading" money.
April 20, 2024, 12:53:26 PM
The fees are very high, I read that it is because of the launch of something called RUNE, (I don't know what it is about)... but I will probably have to accumulate some BTC from DCA on an exchange before withdrawing... unfortunately. I hope things get back to normal soon.
Does anyone have any alternative to this, of keeping some BTC in an exchange for a while? before withdrawing to the wallet? I don't think there's much to do except wait
Does anyone have any alternative to this, of keeping some BTC in an exchange for a while? before withdrawing to the wallet? I don't think there's much to do except wait
Withdraw sats over the Lignting network. Kraken and Cash App support it and even Coinbase is finally working on it. Zero fees and instant, even today.
April 20, 2024, 12:50:33 PM
Finally
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
Lol going from 1,5% fee to 0,15% on a mini
and
Quote
The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing.
Also lol, GBTC currently holds about BTC304k so 63.204 would represent 20% of existing assets. So for GBTC holders 80% @ 1,5%fee, and 20% @ 0,15%fee would still put you at 1,23% overall
Edit: Or to look at it from another angle, they would still have BTC241k (BTC304k - BTC63k) waiting to be liquidated...
Sorry, but it is irrelevant as you don't know the future trajectory of mini.
Example: it could trade at a premium and since GBTC trades with no discount, you still come out ahead. For example, ibit trades between 0.84% discount and 0.98% premium. Same for FBTC.
That's almost 2% range. I know...the snickering must continue regardless of facts, lol.
However, ask yourself: how relevant is this when we go up/down 5% a day?
From what I understand from the link, it's mainly a way to keep customers happy, who are "stuck" in the Grayscale environment if they don't want to pay a lot of taxes.
April 20, 2024, 12:49:13 PM
When supply shock?
April 20, 2024, 12:40:12 PM
OT alert... because that's what I do....
You can now all sing along bros. Track released...
https://bitcointalksearch.org/topic/m.63942210
https://soundcloud.com/sirazimuth/totality6
GO BITCOIN
You can now all sing along bros. Track released...
https://bitcointalksearch.org/topic/m.63942210
https://soundcloud.com/sirazimuth/totality6
GO BITCOIN
April 20, 2024, 12:35:29 PM
Finally
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
Lol going from 1,5% fee to 0,15% on a mini
and
Quote
The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing.
Also lol, GBTC currently holds about BTC304k so 63.204 would represent 20% of existing assets. So for GBTC holders 80% @ 1,5%fee, and 20% @ 0,15%fee would still put you at 1,23% overall
Edit: Or to look at it from another angle, they would still have BTC241k (BTC304k - BTC63k) waiting to be liquidated...
Sorry, but it is irrelevant as you don't know the future trajectory of mini.
Example: it could trade at a premium and since GBTC trades with no discount, you still come out ahead. For example, ibit trades between 0.84% discount and 0.98% premium. Same for FBTC.
That's almost 2% range. I know...the snickering must continue regardless of facts, lol.
However, ask yourself: how relevant is this when we go up/down 5% a day?
etf’s seem to have caused a lot of volatility.
April 20, 2024, 12:28:59 PM
Finally
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
Lol going from 1,5% fee to 0,15% on a mini
and
Quote
The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing.
Also lol, GBTC currently holds about BTC304k so 63.204 would represent 20% of existing assets. So for GBTC holders 80% @ 1,5%fee, and 20% @ 0,15%fee would still put you at 1,23% overall
Edit: Or to look at it from another angle, they would still have BTC241k (BTC304k - BTC63k) waiting to be liquidated...
Sorry, but it is irrelevant as you don't know the future trajectory of mini.
Example: it could trade at a premium and since GBTC trades with no discount, you still come out ahead. For example, ibit trades between 0.84% discount and 0.98% premium. Same for FBTC.
That's almost 2% range. I know...the snickering must continue regardless of the facts, lol.
However, ask yourself: how relevant is this when we go up/down 5% a day?
April 20, 2024, 12:14:03 PM
Finally
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
Lol going from 1,5% fee to 0,15% on a mini
and
Quote
The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing.
Ummm GBTC currently holds about BTC304k so 63.204 would represent 20% of existing assets. Thus for GBTC holders 80% @ 1,5%fee, and 20% @ 0,15%fee would still put them at 1,23% fee overall
Edit: Or to look at it from another angle, they would still have BTC241k (BTC304k - BTC63k) waiting to be liquidated...
April 20, 2024, 12:01:13 PM
April 20, 2024, 11:47:00 AM
Finally
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
"Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF"
https://www.coindesk.com/business/2024/04/20/grayscale-reveals-015-fees-for-its-bitcoin-mini-trust-etf/
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