wnctalker (OP)
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June 18, 2017, 04:46:10 PM |
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Most institutions cannot buy Bitcoin yet due to current (lack of) regulations, but there appears to be a convenient way to trade Bitcoin through trading Bitcoin Investment Trust (GBTC) just as a regular stock on the stock market. GBTC price is directly derived from Bitcoin price with some premium. This premium may be considered as that buying a house with all the furniture, solar panels, golf club membership etc and can be more than recouped when selling. Furthermore, when Bitcoin appreciates value many times higher than the stock market and GBTC's price is a magnification of Bitcoin price (much more limited supply than Bitcoins), the small premium paid when buying GBTC is quite small when one sells GBTC in a couple of years when Bitcoin price is up 10 times or more if recent trend likely continue.
Also, most people likely have retirement accounts and it is currently not convenient or cost effective to set up and manage properly to buy Bitcoin directly, but can directly buy GBTC already. What do you think? Does anyone know another stock similar to GBTC to allow one to buy Bitcoin and with level? and any stock for doing similar to ether? Most people are familiar and comfortable to trade stocks compared with the rather new cryptocurrency trading.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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ayurvedicurea2growtaller
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July 08, 2017, 10:48:17 PM |
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Bitstamp , kraken etc are the larger one.
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Renji Abarai
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July 09, 2017, 02:14:07 AM |
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In my opinion, it is convenient to trade in exchanges. Poloniex,Bitrrex,Liqui and many other exchanges. It is good in these exchanges since they have a bigger volume being traded and there are many traders doing their trade. Its fun watching the price moving so fast. Be careful if you are a newbie, you might lose big amount also.
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AjithBtc
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Vave.com - Crypto Casino
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July 09, 2017, 04:20:43 AM |
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In my opinion, it is convenient to trade in exchanges. Poloniex,Bitrrex,Liqui and many other exchanges. It is good in these exchanges since they have a bigger volume being traded and there are many traders doing their trade. Its fun watching the price moving so fast. Be careful if you are a newbie, you might lose big amount also.
These has got good reputation as well the the trading volume is high. Importantly it has got majority of the coins listed, which is the main thing required for making better trading. As the above mate mentioned trading is highly risky with the newbies as most has the thinking of easy money making, but the fast moving price in unexpected time leads to loss. |
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Finestream
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July 10, 2017, 03:18:59 AM |
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In my opinion, it is convenient to trade in exchanges. Poloniex,Bitrrex,Liqui and many other exchanges. It is good in these exchanges since they have a bigger volume being traded and there are many traders doing their trade. Its fun watching the price moving so fast. Be careful if you are a newbie, you might lose big amount also.
These has got good reputation as well the the trading volume is high. Importantly it has got majority of the coins listed, which is the main thing required for making better trading. As the above mate mentioned trading is highly risky with the newbies as most has the thinking of easy money making, but the fast moving price in unexpected time leads to loss. In my observation, I think the most popular trading sites now are bittrex and poloniex and personally I have open an account there. Poloniex is good if you are a day trader since they have a bigger volume compared to bittrex and whales are normally trading their, normally big coins are traded in poloniex and most of the coins are legitimately develop with a great future, I even have my holdings of the majority of coins listed in polo. |
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Midas111
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July 10, 2017, 11:18:01 PM
Last edit: July 10, 2017, 11:42:42 PM by Midas111 |
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IMO GBTC is the worst possible way to invest in bitcoin at this point. Each share of GBTC has a 68pct markup over the market value of the bitcoin it holds. That means you are buying 32pct bitcoin 68pct nothing along with an annual fee for the marketers of GBTC to overcharge you by 68pct. https://www.bloomberg.com/quote/GBTC:USNote the premium. IMO do not buy this ETF you only get 32 cents of BTC for every dollar you pay. There is fine arbitrage long term by buying equal ammount BTC direct and selling GBTC etf short. Please if you care about your wealth do not buy that etf it is all air with an annual fee for nothing. |
I enjoy working with the finest digital currency developers on earth
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Vishnu.Reang
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July 11, 2017, 10:42:39 AM |
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IMO GBTC is the worst possible way to invest in bitcoin at this point. Each share of GBTC has a 68pct markup over the market value of the bitcoin it holds. That means you are buying 32pct bitcoin 68pct nothing along with an annual fee for the marketers of GBTC to overcharge you by 68pct. https://www.bloomberg.com/quote/GBTC:USNote the premium. IMO do not buy this ETF you only get 32 cents of BTC for every dollar you pay. There is fine arbitrage long term by buying equal ammount BTC direct and selling GBTC etf short. Please if you care about your wealth do not buy that etf it is all air with an annual fee for nothing. Why people are purchasing GBTC shares, when they can easily purchase coins from Bitstamp or Localbitcoins? I have heard about sellers charging 5% or at the most 10% (in the case of ATMs) markup for BTC. But 68%? Seriously? This is not only insane, but also criminal. |
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watemp
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Blockchain Technology launches Smart ICO Tracker
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July 11, 2017, 12:55:58 PM |
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The market is very young, so now it's a wild west. Who so wants, he works. The most important thing is for everyone to be alive. Over time, everything will become more reasonable.
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layoutph
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July 11, 2017, 02:15:50 PM |
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It is true, the crypto currency market is very young. Someday the big guys in the forex and stockmarket will join the crypto wagon. Then we will have a world transacting using blockchain. The market is very young, so now it's a wild west. Who so wants, he works. The most important thing is for everyone to be alive. Over time, everything will become more reasonable.
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rickadone
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July 11, 2017, 03:22:58 PM |
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Why I should go for some trust to buy bitcoins when I am able to buy with my regular way of doing it through exchanges. Where this Bitcoin Investment Trust (GBTC) is available ? I believe almost all the countries are able to buy bitcoins directly because localbitcoin services are available everywhere.
I always welcome new methods of buying bitcoin but this kind of shady way of buying through some bonds/trust should not be encouraged in my opinion.
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Beparanf
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July 11, 2017, 03:32:49 PM |
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Why I should go for some trust to buy bitcoins when I am able to buy with my regular way of doing it through exchanges. Where this Bitcoin Investment Trust (GBTC) is available ? I believe almost all the countries are able to buy bitcoins directly because localbitcoin services are available everywhere.
I always welcome new methods of buying bitcoin but this kind of shady way of buying through some bonds/trust should not be encouraged in my opinion.
There are some wallet also like coinbase and coin.ph that has a built in exchange platform which allows users to buy and sell bitcoin anytime without using other 3rd party apps.  |
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chip1994
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July 11, 2017, 03:46:24 PM |
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It is true, the crypto currency market is very young. Someday the big guys in the forex and stockmarket will join the crypto wagon. Then we will have a world transacting using blockchain. The market is very young, so now it's a wild west. Who so wants, he works. The most important thing is for everyone to be alive. Over time, everything will become more reasonable.
Yes, I know the crypto market still very young, very potential and interesting with investor from other market. In future, total daily transaction volume of cryptocurrency not stop with 1 billion/day, because if compare with Forex (4000 billion/day), still very smallest and need going to 2000 billion/day for a market potential as crypto! |
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Midas111
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Close the federal reserve
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July 11, 2017, 04:42:49 PM |
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IMO GBTC is the worst possible way to invest in bitcoin at this point. Each share of GBTC has a 68pct markup over the market value of the bitcoin it holds. That means you are buying 32pct bitcoin 68pct nothing along with an annual fee for the marketers of GBTC to overcharge you by 68pct. https://www.bloomberg.com/quote/GBTC:USNote the premium. IMO do not buy this ETF you only get 32 cents of BTC for every dollar you pay. There is fine arbitrage long term by buying equal ammount BTC direct and selling GBTC etf short. Please if you care about your wealth do not buy that etf it is all air with an annual fee for nothing. Why people are purchasing GBTC shares, when they can easily purchase coins from Bitstamp or Localbitcoins? I have heard about sellers charging 5% or at the most 10% (in the case of ATMs) markup for BTC. But 68%? Seriously? This is not only insane, but also criminal. Vish the us financial system is basicly organized crime run by one minorty 'religious' group. The real joke is that the us dollar is not even legal. everyone in USA uses counterfeit money that is directly outlawed by the constitution. Only congress can print legal money. The tribe who runs the federal reserve is 100pct an outlaw criminal group who prints unlawful money. when you realize that the dollar since the early 1900s is counterfeit it really opens your eyes. the stock market is a giant theft machine and the money printed with the words legal tender is no more legal money than a child scribbling with crayons on old cardboard |
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el kaka22
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July 14, 2017, 12:19:50 PM |
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Why I should go for some trust to buy bitcoins when I am able to buy with my regular way of doing it through exchanges. Where this Bitcoin Investment Trust (GBTC) is available ? I believe almost all the countries are able to buy bitcoins directly because localbitcoin services are available everywhere.
I always welcome new methods of buying bitcoin but this kind of shady way of buying through some bonds/trust should not be encouraged in my opinion.
Yes, this sounds fishy. Why should I need to pay premium prices when I am getting bitcoins at regular prices itself. There are good number of sellers are available in this forum with the different payment options. Anyone could make use of them to buy bitcoin even at lower prices than preev. Only in some countries, premium prices for bitcoin is being paid as they do not have enough options to buy from international exchanges. But I believe it is unnecessary for other country people to pay premium prices for bitcoins when we are all having enough options to buy at regular prices. |
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bucciarati
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July 14, 2017, 12:26:11 PM |
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these called GBTC serves as a service for not tech folks who can't do investments themself, someone will ask more fees then others but that is how business works
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wantjokull
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July 14, 2017, 07:05:07 PM |
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GBTC looks ok to me but what are the exact premium features that you want to discuss here. It important to know that before I can make any trades with it. I know trading in the new ideas has been always profitable but regardless of full understanding I don't go for investments. Hope to see more clearer info even though you have mentioned every bit if it.
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