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Old 11-30-2020, 04:01 PM   #1
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GBTC-Grayscale Bitcoin Trust goes up 23.14% while BTC-USD, Bitcoin is down -0.34%.
That is nuts!
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Old 11-30-2020, 05:50 PM   #2
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Originally Posted by Spanky View Post
GBTC-Grayscale Bitcoin Trust goes up 23.14% while BTC-USD, Bitcoin is down -0.34%.
That is nuts!
Oranges to Tangelos.

Regardless, sold all my GBTC that I bought last week on the Guggenheim news!
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Old 11-30-2020, 08:21 PM   #3
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Oranges to Tangelos.

Regardless, sold all my GBTC that I bought last week on the Guggenheim news!
Cool. Glad that you made profits.
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Old 12-01-2020, 07:08 AM   #4
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The Guggenheim maneuver...
can we say that out loud here?
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Old 12-01-2020, 07:22 AM   #5
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The Guggenheim maneuver...
can we say that out loud here?
Yes, Itīs The Philly Special we can not mention!
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Old 12-01-2020, 07:30 AM   #6
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Yes, Itīs The Philly Special we can not mention!
Or the Peruvian Pucker...
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Old 12-01-2020, 08:25 AM   #7
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GBTC-Grayscale Bitcoin Trust goes up 23.14% while BTC-USD, Bitcoin is down -0.34%.
That is nuts!
What are the options for "investing" in Bitcoin in a brokerage account? Other than GBTC...
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Old 12-01-2020, 10:40 AM   #8
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What are the options for "investing" in Bitcoin in a brokerage account? Other than GBTC...
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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Old 12-01-2020, 10:51 AM   #9
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What are the options for "investing" in Bitcoin in a brokerage account? Other than GBTC...
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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Old 12-12-2020, 09:31 AM   #10
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What are the options for "investing" in Bitcoin in a brokerage account? Other than GBTC...
Bitwise 10 Crypto Index Fund:
https://www.bitwiseinvestments.com/funds/Bitwise-10
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Old 12-14-2020, 09:34 AM   #11
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Itīs up over 125% in the past week on premium creep! It holds 75% BTC.
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Old 12-14-2020, 11:28 AM   #12
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Itīs up over 125% in the past week on premium creep! It holds 75% BTC.
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.
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Old 12-14-2020, 12:11 PM   #13
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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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Old 12-14-2020, 01:41 PM   #14
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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%
Nice profits. Do you use Coinbase pro & wallet to transfer funds?
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Old 12-15-2020, 08:25 AM   #15
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It's nuts when the NAV $17.10 while the market price is $56.99 - what a premium!!!!!!
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.
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Old 12-15-2020, 08:51 AM   #16
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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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Old 12-15-2020, 09:42 AM   #17
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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.
Two traders I know sold this morning at $85.00 purchased at $25.00.
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Old 12-15-2020, 12:43 PM   #18
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Two traders I know sold this morning at $85.00 purchased at $25.00.
Awesome. Easy monkey? Missed the peak at $93.40.
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Old 12-15-2020, 12:46 PM   #19
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Really?? Then sell at market price? The numbers you just laid out are the threshold to be on accredited investor.
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.
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Old 12-16-2020, 11:58 AM   #20
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Bitcoin passes the $20,000 mark today while BITW is up by another 58.8% to $129. Wow.
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