$GBTC Speculation, Information, and Cogitation

[cryptoboy.architect]

If people got into BIT when BTC was $600, and are in it for the long run, they have no reason whatsoever to sell. I believe part of the reason for the premium is that there just isn't enough supply. In fact if I was a heavy buyer at $600, it would make more sense to double down at these prices than to sell anything. I mean look at downside v.s. upside potential. OK downside there is some chance it would go bust, like down to $0. But it is my personal belief that it is way lower than 50% v.s. going double from here within 5 years.

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[StarenseN]

Following

[Fabrizio89]

Premium is there because of tax free environment.

[LiteBit]

I wonder which asset is affected by Greece more? GBTC or BTC.

[JorgeStolfi]

The Freerealtime page today was strange:

14:53:33       29.09    3    OTO
14:50:51       29.09    18    OTO
14:33:23       29.05    56    OTO
14:33:23       29.05    50    OTO
14:33:19       29.09    200    OTO
14:24:29       29.09    1000    OTO
14:13:17       29.10    340    OTO
14:06:52       29.1122    4747    OTO
14:06:21       29.1122    4747    OTO
14:02:09       29.09    20    OTO
13:40:56       29.00    1774    OTO
13:40:04       29.14    100    OTO
13:14:35       29.14    900    OTO
13:06:50       29.11    1000    OTO
13:06:18       29.14    1000    OTO
12:55:43       29.05    100    OTO
12:48:37       29.15    100    OTO
10:38:32       29.1122    4747    OTO
10:38:11       29.00    500    OTO
10:38:04       29.19    100    OTO
10:38:00       29.50    2800    OTO
10:37:43       29.50    100    OTO
10:37:17       29.25    100    OTO
10:36:48       29.25    1000    OTO
10:36:18       29.25    1000    OTO
10:08:33       29.25    70    OTO
10:06:51       29.25    20    OTO
10:05:21       29.25    57    OTO
10:04:37       29.10    340    OTO
09:59:19       29.25    86    OTO
09:59:11       29.25    154    OTO
09:54:01       29.25    100    OTO
09:47:46       29.25    25    OTO
09:45:45       29.00    1774    OTO
09:45:35       29.25    100    OTO
09:44:56       29.29    100    OTO
09:31:03       29.95    10    OTO
09:30:11       29.95    224    OTO

Note the weird entries with "4747" shares.  The total comes out as 29562 shares, which is 6861 = 4747 + 1774 + 340 shares more than the total volume listed on the OTCQX page.

Also note that trade was rather strong but stopped just before 15:00.  Isn't the closing time 16:00?

[hangar18]

GBTC had a daily volume of 27,256. That's 7-8x more than average and I think a new all time high.