RE: GBTC Analysis: Bitcoin Investment Trust as a Leading Indicator of Turn?

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GBTC Analysis: Bitcoin Investment Trust as a Leading Indicator of Turn?

in bitcoin •  7 years ago 

Leading indicator? Nah, it's for people too stupid to open a Coinbase account and buy BTC. Keep in mind, GBTC is less than 10% of one BTC. Per the website it's 0.09242821 of 1 BTC. https://grayscale.co/bitcoin-investment-trust/ It would be interesting sub $360/share, but since you can't trade in outside of market hours 9:30am EST to 4:00pm EST (with thin volume at that) it should be trading at a discount to the 24 hour BTC market.

bitcoin
7 years ago by

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      ·  7 years ago 

    Yes, an buying at $300 and selling at around $1,000 still gives you big profits! The rest matters little in this light.

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