Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Biodom]

If you did not see it yet:

Grayscale somehow managed to 'acquire' the BTC ticket for it's new mini-trust (which will get 10% of GBTC's bitcoin and would have the low 0.15% fee).
The last day of trade in GBTC that would allow you to get the mini-trust is July 29 (if you would buy on July 30, then you would not get any distribution).
The price of GBTC would decrease by 10% on the 30th plus minus regular market fluctuations.
Since  the distribution is 1:1 in shares, this means that mini will have a price of $5-6, most likely (if current prices prevail)-probably to entice the retail:

"look mom, BTC is at $6 per-a bargain!"

I already exchanged 2/3 of my GBTC in IRAs to IBIT/FBTC mixture (basically have 1:1:1 now).
Not sure if i should sell before the distribution or get a mini first.
No cap gains anyway, since it is an IRA, but the account cost basis would increase, of course.

I am not familiar with IRA and stuff, but when you switched out of GBTC to switch in IBIT, did you record a taxable event? You had to be careful of any procedure?
Sorry to speak about theft on this thread.

FYI:
Regular IRA (individual retirement account) in US -trades are not taxable (no cap gains tax), but withdrawals are treated as income.
Roth IRA in US-both trading and withdrawals (after being more than 59.5 years old   ) are NOT taxable, but contributions are made on an after-tax basis (you got income, you got taxed, you contributed some of the remainder-up to only a certain $$ a year). P. Thiel has built a $5 bil Roth, lol.

At first i did not get what "theft" you are talking about..then i got it..you are talking about the t-word, right?

[ChartBuddy]

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[philipma1957]

buddy may drag us pass 68k on sunday. It would be nice.

[Biodom]

buddy may drag us pass 68k on sunday. It would be nice.

it would..if you let it have streaks...I kid, i kid

[ChartBuddy]

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[ChartBuddy]

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[nutildah]

Say uh buddy. We appreciate the work you done for us, we really do. But I just got a call from the big guy and, well, he says its not enough. 🤷

It would be a personal favor to us if you could, you know, pick things up a bit. Or else, well I hate to say it, but things could get difficult for you.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Ambatman]

Say uh buddy. We appreciate the work you done for us, we really do. But I just got a call from the big guy and, well, he says its not enough. 🤷

It would be a personal favor to us if you could, you know, pick things up a bit. Or else, well I hate to say it, but things could get difficult for you.

Buddy POV

[OutOfMemory]

Yeah, Buddy. Wouldn't be bad to close the weekly above $67k...

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[El duderino_]

Hard work WOD Sunday.
Taking a breather right now.
But still time to block.





Teams of 4

800m run with a weighted barbell (35kg)
Into
200 synchro pull ups
200 synchro ground to overhead with a plate
200 synchro burpee box step ups
200 synchro push ups
200 synchro KB deadlifts
Buy out
800m run with the barbell

For the movements 2 person hold the bar then the other 2 complete reps
Switch when needed

*hard work Sunday

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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