DieJohnny
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Activity: 1639
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June 28, 2017, 01:14:27 PM |
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Looks like GBTC is finally dipping.
it is the only game in town, I think anything below $400 is a buy as i don't believe Bitcoin will drop below 2k anymore.
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Those who hold and those who are without property have ever formed distinct interests in society
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Bitcoinaire
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June 28, 2017, 01:47:40 PM |
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Looks like GBTC is finally dipping.
it is the only game in town, I think anything below $400 is a buy as i don't believe Bitcoin will drop below 2k anymore. Exactly my thinking. Once this Aug 1st fork business passes bitcoin should be on solid ground for another rally.
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mmortal03
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June 30, 2017, 07:12:15 AM |
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Looks like GBTC is finally dipping.
it is the only game in town, I think anything below $400 is a buy as i don't believe Bitcoin will drop below 2k anymore. Exactly my thinking. Once this Aug 1st fork business passes bitcoin should be on solid ground for another rally. After watching the following, I'm not so sure of that. Keep in mind that the Bitcoin Investment Trust may have to choose a side of the fork. https://www.youtube.com/watch?v=JTCB5bRGQj0
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DieJohnny
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June 30, 2017, 12:37:29 PM |
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Looks like GBTC is finally dipping.
it is the only game in town, I think anything below $400 is a buy as i don't believe Bitcoin will drop below 2k anymore. Exactly my thinking. Once this Aug 1st fork business passes bitcoin should be on solid ground for another rally. After watching the following, I'm not so sure of that. Keep in mind that the Bitcoin Investment Trust may have to choose a side of the fork. https://www.youtube.com/watch?v=JTCB5bRGQj0gbtc doesn't have to do anything, they own keys, the keys are what has value period
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Those who hold and those who are without property have ever formed distinct interests in society
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mmortal03
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June 30, 2017, 03:07:06 PM |
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gbtc doesn't have to do anything, they own keys, the keys are what has value period
What matters is what they do with that value and what that means for the price. If Bitcoin forks into two economically viable chains, they will hold keys to coins on both sides of the chain. Will they make that value available to their stock holders or not? Does holding their stock mean that you get the value behind those private keys on both chains, or do they just pocket the value from one of the two chains and only allow their shares to represent coins on one side of the fork?
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mmortal03
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July 06, 2017, 06:00:50 PM |
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Can the people who are buying the dips back up to $400 please stop doing that?
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mmortal03
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July 11, 2017, 09:07:16 PM |
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We've got a higher premium on GBTC shares over BTC than we did last week...
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mmortal03
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July 18, 2017, 03:25:14 AM |
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MrSunshine
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July 25, 2017, 10:39:46 AM |
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My guess is the trust will keep them for themselves. They know many who get into GBTC have limited options. I got it in my IRA because it is difficult to get BTC in one.
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gentlemand
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Welt Am Draht
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July 25, 2017, 01:06:58 PM |
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My guess is the trust will keep them for themselves. They know many who get into GBTC have limited options. I got it in my IRA because it is difficult to get BTC in one.
People putting money into GBTC are not getting bitcoins in return. They're getting shares in GBTC. Bitcoin Cash has nothing to do with them as they themselves have nothing to do with Bitcoin.
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mmortal03
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August 02, 2017, 01:54:28 PM |
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I'd like to know what happens if someone owned GBTC shares before the fork, and sells their shares before the distribution of assets, if they'll get theirs. Edit: The way I'm reading the following, if you bought shares by end of day July 31st, you should be entitled to whatever they distribute. "In addition, such distribution, if and when made, would be to owners who held Trust units on a specified record date, which is anticipated to be the day the fork occurs. The amount of any distribution will be net of expenses of the Sponsor and the Trust, including costs associated with liquidation and distribution."
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Bitcoinaire
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August 05, 2017, 03:17:35 AM |
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GBTC had a couple of nice days and Monday should see a decent pop. It should crack $500 easily.
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mmortal03
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August 05, 2017, 09:57:47 AM |
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GBTC had a couple of nice days and Monday should see a decent pop. It should crack $500 easily.
I took profits yesterday, lol, so, of course it will.
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MrSunshine
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August 05, 2017, 03:27:17 PM |
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GBTC had a couple of nice days and Monday should see a decent pop. It should crack $500 easily.
With BTC surging, GBTC will likely fly again. We may soon see BTC over 5000 and the FOMO will likely ignite GBTC.
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megadeth
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bagholder since 2013
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August 07, 2017, 07:18:04 PM |
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New GBTC ATH. Hope they don't sell their BCC too soon. Personally I'd have been happier if they held both.
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bagholder since 2013 My sig space is not for sale.
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mmortal03
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August 07, 2017, 08:21:54 PM |
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New GBTC ATH. Hope they don't sell their BCC too soon. Personally I'd have been happier if they held both.
There's been an intraday high of 560, and a close of 546.45, so we didn't hit either of those ATHs today.
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megadeth
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bagholder since 2013
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August 07, 2017, 08:34:33 PM |
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New GBTC ATH. Hope they don't sell their BCC too soon. Personally I'd have been happier if they held both.
There's been an intraday high of 560, and a close of 546.45, so we didn't hit either of those ATHs today. My bad, eyeballed yahoo finance. Damn markets closed! Hope we take these out tomorrow.
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bagholder since 2013 My sig space is not for sale.
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Bitcoinaire
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August 10, 2017, 11:12:25 PM |
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Closed at 560, high of 563. Big day.
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