|
seeing a downtick - GBTC telegraphing a move down
|
|
|
|
|
you know, I'm starting to come to terms with the social proposals various candidates are throwing out there. It seems the U.S. will be fucked anyway, so why not get medical care, college, other stuff as an entitlement?
If you don't like taxes, then you don't have to work - let someone else pay your bill - or double all salaries and tax at 50% who the fuck knows
I don't have any answers either
|
|
|
|
|
good volume - spreads are pretty
|
|
|
|
you can still pseudo arb this if you think the premium is too large
1) sell the GBTC (provided you own it)
2) use proceeds to buy 'physical' btc
if you are correct and the spread decreases - you can use the proceeds in #1 to buy GBTC and sell #2 to cover the cost
not perfect though - you lose out if the spread increases + you don't get the magic premium that happens when you transfer from the BIT fund to GBTC...but you need to wait 12 months for that one
Of course, but a key rationale for owning GBTC is owning it in a 401k / IRA. It is hard to buy bitcoin in those funds. You could buy direct from bitcoin investment trust at NAV, but you have to be an accredited investor and then hold for at least a year. And you'd have to have self administered fund, you couldn't do it through a company 401k. There are other ways of getting direct bitcoin into a self-administered IRA, but it is fairly complicated. I hear ya- trying to defer on the tax- but hey, never forget... better to make money and pay tax than not make the money at all |
|
|
|
|
you can still pseudo arb this if you think the premium is too large
1) sell the GBTC (provided you own it)
2) use proceeds to buy 'physical' btc
if you are correct and the spread decreases - you can use the proceeds in #1 to buy GBTC and sell #2 to cover the cost
not perfect though - you lose out if the spread increases + you don't get the magic premium that happens when you transfer from the BIT fund to GBTC...but you need to wait 12 months for that one
|
|
|
|
Still no good way to arb this then??
I wish. It took me most of a year to push through to real liquidity (although technically that is unproven until I do sell at least a portion, hmm). I do believe it would go faster the second time but to arbitrage it would require something less than a month for me to be comfortable and more like a few days to really crank it up. I might take a second smaller lot in just to try; they did indicate that I wouldn't have to take a full $25K in since I'm already established. If I do then I will report back. I am reluctant to take out any of what I've got in already for fear of missing a jump up while goofing around trying to get it back in. I am as long-minded as one can get. That said, I've got as much of my total wealth in already that I'm comfortable with. $70.90/$42.60 is a crazy huge spread and very tempting. Isnt arbing next to impossible because you have to hold atleast 1 year? Apparently that only applied to the original investment; new funds going in now are converted to GBTC without any holding period at all. All new investments (including follow-on by existing investors) are subject to 12 month holding period |
|
|
|
That's still a thing? I haven't heard much about it for a long, long time. I wonder how many people actually own any.
I do own some |
|
|
|
it is not at an all time high |
|
|
|
|
Confuciuos say haters going to hate
and short term thinking for short dick
going higher long term
|
|
|
|
|
getting tempting to hit the GBTC ARB at 50% premium
|
|
|
|
I heard Isis was funding ops with dogecoin  |
|
|
|
|
Made front page of foxnews.com
|
|
|
|
|
hey - off topic (but what isn't these days) but is this true?
Bibles are forbidden anywhere inside Saudi Arabia, the "offence" being punishable by death.
|
|
|
|
What the fuck are 'supermodel genes'? So you think the white kid is pretty and the other isn't. That is totally subjective. Contrary to what fat pride and other whacko groups try to claim, "beauty" is not even close to entirely subjective. Symmetry and attributes that define health are obvious objective standards of looks, probably plenty more exist. I hate to break it to you, but the world in general will unanimously agree which child received the supermodel genes and which didn't. Since the Caucasian genes are recessive, this is how it turns out nearly every single time in these kinds of offspring, the child looks nothing like the white parent. From a strict biological and natural selection point of view, the purpose of reproduction is solely to spread your genes into the future. In the scenario above, what she has done is basically pass on her genes as non-influential junk DNA, while the African genes determined almost the entire outcome of the child where it doesn't resemble one of the parents at all. Of course there will be tons of Marxists coming along to claim that mentioning African genes are dominant and Caucasian and Asian genes are recessive is "da raycism", because it doesn't take a genius to figure out that whatever genes compromise the recessive groups would basically be made extinct by full integration between all groups. This infuriates the common Marxist because it blows the lid off their fake narrative where those groups of people tend to constantly push for things like conservation of variety in animal species, yet they would be pushing for the exact opposite in this case, the extinction of the recessive groups on purpose. Bottom line: Klum is still totally bangable. and her daughter may well wind up even hotter than her when she grows up |
|
|
|
ahh, got it - funny, never saw the pic
|
|
|
|
slooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo oow day
again
Your brother stopped by  ...  is that your brother from another mother? |
|
|
|
|
Show Posts
