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11-30-2020, 04:01 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,396
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For the Bitcoin fans
GBTC-Grayscale Bitcoin Trust goes up 23.14% while BTC-USD, Bitcoin is down -0.34%.
That is nuts!
__________________
May we live in peace and harmony and be free from all human sufferings.
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11-30-2020, 05:50 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,958
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 Quote:
Originally Posted by Spanky
GBTC-Grayscale Bitcoin Trust goes up 23.14% while BTC-USD, Bitcoin is down -0.34%.
That is nuts!
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Oranges to Tangelos.
Regardless, sold all my GBTC that I bought last week on the Guggenheim news! 
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11-30-2020, 08:21 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,396
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Quote:
Originally Posted by NYEXPAT
Oranges to Tangelos.
Regardless, sold all my GBTC that I bought last week on the Guggenheim news! |
Cool. Glad that you made profits.
__________________
May we live in peace and harmony and be free from all human sufferings.
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12-01-2020, 07:08 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Location: Stuck in the mud somewhere in the NJ swamp
Posts: 6,850
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The Guggenheim maneuver...
can we say that out loud here?
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12-01-2020, 07:22 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,958
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Quote:
Originally Posted by target2019
The Guggenheim maneuver...
can we say that out loud here?
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Yes, It´s The Philly Special we can not mention!
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12-01-2020, 07:30 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Location: Stuck in the mud somewhere in the NJ swamp
Posts: 6,850
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Quote:
Originally Posted by NYEXPAT
Yes, It´s The Philly Special we can not mention!
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Or the Peruvian Pucker...
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12-01-2020, 08:25 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 2,441
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Quote:
Originally Posted by Spanky
GBTC-Grayscale Bitcoin Trust goes up 23.14% while BTC-USD, Bitcoin is down -0.34%.
That is nuts!
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What are the options for "investing" in Bitcoin in a brokerage account? Other than GBTC...
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12-01-2020, 10:40 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,958
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Quote:
Originally Posted by mpeirce
What are the options for "investing" in Bitcoin in a brokerage account? Other than GBTC...
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If you are set up for futures trading you may be able trade it. You can buy it on paypal as well.
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12-01-2020, 10:51 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,958
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Quote:
Originally Posted by mpeirce
What are the options for "investing" in Bitcoin in a brokerage account? Other than GBTC...
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Not a reccomendation, but you can buy Blockchain stocks which will give you exposure. I have used RIOT and have peers who have used Hive, although I have never traded it.
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12-12-2020, 09:31 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,396
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Quote:
Originally Posted by mpeirce
What are the options for "investing" in Bitcoin in a brokerage account? Other than GBTC...
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Bitwise 10 Crypto Index Fund:
https://www.bitwiseinvestments.com/funds/Bitwise-10
__________________
May we live in peace and harmony and be free from all human sufferings.
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12-14-2020, 09:34 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,958
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12-14-2020, 11:28 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,396
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It's nuts when the NAV $17.10 while the market price is $56.99 - what a premium!!!!!!
You can buy bitcoin from Coinbase for a lot cheaper.
__________________
May we live in peace and harmony and be free from all human sufferings.
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12-14-2020, 12:11 PM
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#13
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 141
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I use coinbase myself.
Started in 2014 with 2k, went nearly to 40k, pulled out all but 10k and used it to find my h.s.a and 2 Roth's plus bought a first edition Stephen King book. 10k just hit 25k, pulled 10k out, back to 22k. That's 1.8% of my portfolio, so i get a little sqirrely when it gets above 2%
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12-14-2020, 01:41 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,396
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Quote:
Originally Posted by hotwired
I use coinbase myself.
Started in 2014 with 2k, went nearly to 40k, pulled out all but 10k and used it to find my h.s.a and 2 Roth's plus bought a first edition Stephen King book. 10k just hit 25k, pulled 10k out, back to 22k. That's 1.8% of my portfolio, so i get a little sqirrely when it gets above 2%
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Nice profits. Do you use Coinbase pro & wallet to transfer funds?
__________________
May we live in peace and harmony and be free from all human sufferings.
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12-15-2020, 08:25 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,396
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Quote:
Originally Posted by Spanky
It's nuts when the NAV $17.10 while the market price is $56.99 - what a premium!!!!!!
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Price went to $59.80, 55.41% in one day. 
Bitwise says that you could buy at NAV directly from them if you have $200K or $300K (combined income) or 1M in liquid assets.
__________________
May we live in peace and harmony and be free from all human sufferings.
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12-15-2020, 08:51 AM
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#16
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 141
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Really?? Then sell at market price? The numbers you just laid out are the threshold to be on accredited investor.
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12-15-2020, 09:42 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,958
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Quote:
Originally Posted by Spanky
Price went to $59.80, 55.41% in one day.
Bitwise says that you could buy at NAV directly from them if you have $200K or $300K (combined income) or 1M in liquid assets. |
Two traders I know sold this morning at $85.00 purchased at $25.00.
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12-15-2020, 12:43 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,396
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Quote:
Originally Posted by NYEXPAT
Two traders I know sold this morning at $85.00 purchased at $25.00.
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Awesome. Easy monkey? Missed the peak at $93.40.
__________________
May we live in peace and harmony and be free from all human sufferings.
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12-15-2020, 12:46 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,396
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Quote:
Originally Posted by hotwired
Really?? Then sell at market price? The numbers you just laid out are the threshold to be on accredited investor.
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Yes, as an accredited investor, you could purchase it at NAV. There might be some restrictions, e.g., holding period for a year or something before selling. 
__________________
May we live in peace and harmony and be free from all human sufferings.
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12-16-2020, 11:58 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,396
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Bitcoin passes the $20,000 mark today while BITW is up by another 58.8% to $129. Wow.
__________________
May we live in peace and harmony and be free from all human sufferings.
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