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Author Topic: GBTC Bitcoin Investment Trust Observer  (Read 262322 times)
BitcoinerXX
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August 11, 2017, 08:04:32 PM
 #1921

new all time high close at $619.98  Shocked

new all time high 52-week of $624.50
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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mmortal03
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August 11, 2017, 08:53:31 PM
 #1922

Highest percent diff vs BTC since the craziness of two months ago.
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August 11, 2017, 09:27:19 PM
 #1923

I think the difference will just widen as the price and popularity continue to grow.
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August 13, 2017, 02:51:40 AM
 #1924

Monday morning is going to be an event.
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August 13, 2017, 04:59:51 AM
 #1925

Monday morning is going to be an event.

Just what I came her to say. Gonna be huge.
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August 16, 2017, 01:42:50 PM
 #1926

lol: "Proof That Some Bitcoin Investors Don't Feel Pain"
https://seekingalpha.com/article/4099353-proof-bitcoin-investors-feel-pain
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August 25, 2017, 04:00:42 PM
 #1927

https://cointelegraph.com/news/bitcoin-etf-has-new-hope-of-success-bloomberg-analyst



Also, looks like we touched $778 today, new ATH. Incredible.
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August 26, 2017, 02:32:36 AM
 #1928

https://cointelegraph.com/news/bitcoin-etf-has-new-hope-of-success-bloomberg-analyst



Also, looks like we touched $778 today, new ATH. Incredible.

I keep thinking that some whale is going to take their GBTC profits any day now... Tongue
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August 26, 2017, 03:12:18 AM
 #1929

https://cointelegraph.com/news/bitcoin-etf-has-new-hope-of-success-bloomberg-analyst



Also, looks like we touched $778 today, new ATH. Incredible.

I keep thinking that some whale is going to take their GBTC profits any day now... Tongue

I sure hope so... I never got back on the train after I sold at $540.  Oh well, straight BTC has done well for me.  It just would have been nice to collect some more tax-sheltered gains in my Roth IRA.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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August 26, 2017, 03:15:13 AM
 #1930

https://cointelegraph.com/news/bitcoin-etf-has-new-hope-of-success-bloomberg-analyst



Also, looks like we touched $778 today, new ATH. Incredible.

I keep thinking that some whale is going to take their GBTC profits any day now... Tongue

I sure hope so... I never got back on the train after I sold at $540.  Oh well, straight BTC has done well for me.  It just would have been nice to collect some more tax-sheltered gains in my Roth IRA.

Same.
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August 29, 2017, 07:52:36 PM
 #1931

New ATH $841.50

bagholder since 2013
My sig space is not for sale.
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August 30, 2017, 02:01:35 PM
 #1932

890.50. This thing is mooning.
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August 30, 2017, 08:15:59 PM
 #1933

The prices of GBTC are a bit crazy, today it cost more than 920$. It seems easier breaking the 1.000$ per share, than going down to catch the real bitcoin price.
gentlemand
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August 30, 2017, 09:32:48 PM
 #1934

Are there any graphs out there displaying the premium history over BTC?

If I was invested in this I'm not sure whether I'd feel euphoric or whether I'd be shitting myself. It just goes to show the appetite for investment vehicles.
Bitcoinaire
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August 31, 2017, 12:51:17 AM
Last edit: August 31, 2017, 04:53:02 PM by Bitcoinaire
 #1935

It finished at $927 with a high of 932.30, +11.29%.  GBTC is at a 119% premium over Bitcoin.
mmortal03
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August 31, 2017, 01:03:13 PM
 #1936

Can anyone confirm the October 7th SEC approval deadline?:

https://seekingalpha.com/article/4097364-bitcoin-investment-trust-events-coming-head
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September 01, 2017, 02:26:42 AM
 #1937

Are there any graphs out there displaying the premium history over BTC?

If I was invested in this I'm not sure whether I'd feel euphoric or whether I'd be shitting myself. It just goes to show the appetite for investment vehicles.

Not premium per-se, but their site has a graph with price/share and net asset value/share: https://grayscale.co/bitcoin-investment-trust/#market-performance

$1005/share, $432 NAV/share currently.  Crazy.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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September 01, 2017, 03:21:30 PM
 #1938

An interesting factoid -
http://www.investmentnews.com/article/20170831/FREE/170839978/sec-names-dalia-blass-director-of-investment-management

The new SEC head of investment management, the bit that approves ETFs is a lawyer formerly engaged by the Winklevii. It's coincided with a juicy fall in the premium which could  be pure coincidence.

An ETF will still be an exceedingly long shot.
Bitcoinaire
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September 01, 2017, 03:48:26 PM
Last edit: September 01, 2017, 05:43:50 PM by Bitcoinaire
 #1939

https://www.cnbc.com/video/2017/08/31/short-seller-andrew-left-targets-grayscales-bitcoin-trust.html?play=1

According to this fella we're 6 months out from ETF's and other crypto currency instruments.


Edit: If we start to really rally hard over the next month or so, do any of you believe GBTC can still continue to increase its premium?
mmortal03
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September 02, 2017, 12:38:19 PM
 #1940

lol: http://www.marketwatch.com/story/the-wall-street-investor-who-sank-valeant-thinks-a-bitcoin-fund-is-the-most-dangerous-2017-08-31?link=sfmw_fb
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