GBTC Investment Trust Dumps Bitcoin Cash

in bitcoin •  7 years ago 

I have been writing about GBTC manyt times here as they wer a good indicator of future prices - always trading premium.
If you read first time here check my older posts.

Now since they hold BTC they also hold possible split-chain-forks and in this case they took out Bitcoin Cash and sold on current prices.

So we know currently they have 172,501 BTC and also BTG and other forks of the kind.


We do NOT know if they sold in favor of BTC or USD pair at this point.

Bitcoin Cash Markets

Remember that today happened 2 forks - SBT and BTU but so far only Binance credited them. Markets are not open but this is why i suggest everyone to get account there. Currently best working exchange.

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!
bitcoin blockchain cryptocurrency crypto money
7 years ago by

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    • [-]
      ·  7 years ago 

    Good news! Bitcoin and Litecoin are a perfect team to combine store of value and daily payments. Lightning Network and atomic swaps will connect the two networks soon!

    Bcash is only creating FUD and confusion. Hope others follow to dump it!

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    6 votes
    [-]
      ·  7 years ago 

    Yes, I have some share of GBTC, and they decided to sell both bitcoin cash and bitcoin gold and return cash to share holders. They will only focus on BTC.

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    [-]
      ·  7 years ago 

    Well said! This is a great move on their part.

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    [-]
      ·  7 years ago 

    I am buy 10 litecoin and 0.09btc . I cannot exchange it .

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      1 vote
      [-]
        ·  7 years ago 

      hoew i invest in Litecoin bro

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        [-]
          ·  7 years ago 

        now I am In XPCOIN

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          [-]
            ·  7 years ago 

          Why does Bitcoin Cash get so much hate? It seems like a good coin to me. Roger Ver (Bitcoin Jesus) is endorsing it as the superior coin and it has bigger block sizes, more transactions, lots of pros

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          [-]
            ·  7 years ago 

          Because it has grown up from hate. The recent pump & dump of Bcash in parallel with the crash of BTC was clearly an attack on BTC to steal the miners and the Bitcoin brand. The worse thing is that this attack was not fueled by free market forces, but by paid shills, market manipulation and a FLAW (the EDA) that was used and made it almost successful. Roger Ver always have to speak negative about BTC to pump his Bcash, why can't he just point to the positive features of BCH????

          SPREAD HATE, GET HATE

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          [-]
            ·  7 years ago 

          hey bro you did not try XPCoin. try it. it look a better future.

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            1 vote
            [-]
              ·  7 years ago 

            True. I heard about an incident where he went off on BTC for no real reason

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              [-]
                ·  7 years ago 

              good comment

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                [-]
                  ·  7 years ago 

                We do NOT know if they sold in favor of BTC or USD pair at this point.

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                [-]
                  ·  7 years ago 

                It’s bizzare that they have dumped this much BCH onto the market and the market has still risen approx 30% in the last 24 hours!!

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                [-]
                  ·  7 years ago 

                Maybe huge demand..

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                  [-]
                    ·  7 years ago (edited)

                  Hey XPCOIN olso now!

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                    [-]
                      ·  7 years ago 

                    BCH is just Bitcoin in the original form and it's functionally superior in every conceivable way.

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                      [-]
                        ·  7 years ago 

                      That maybe true but it doesn’t have the name, publicity, network effect or first mover advantage of btc. No guarantee it will win out!

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                      [-]
                        ·  7 years ago 

                      Very interesting new. I was wondering about the forked coins for GBTC. Yes - Binance is great!

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                      [-]
                        ·  7 years ago 

                      so how would this affect Bitcoin?

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                      [-]
                        ·  7 years ago 

                      I guess no impact ... Because everyday millions of people are buying Cryptos .. supply is limited n demand high

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                        [-]
                          ·  7 years ago 

                        What is this SBT and BTU fork you are talking about? I can't find anything about it.

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                          2 votes
                          [-]
                            ·  7 years ago 

                          SO many people playing with bitcoin right now. In my opinion in could make the bitcoin be more speculative.

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                            1 vote
                            [-]
                              ·  7 years ago 

                            Bitcoin and Litecoin are a perfect team to combine store of value and daily payments. Lightning Network and atomic swaps will connect the two networks soon..

                            Bitcoin cash is only creating FUD and confusion. Hope others follow to dump it..

                            Thanks For Share this Article. @kingscrown

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                              2 votes
                              [-]
                                ·  7 years ago 

                              Great post! Thank you much!

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                                2 votes
                                [-]
                                  ·  7 years ago 

                                Great info. I had binance but nothing is in there yet ;(. Resteemed

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                                  1 vote
                                  [-]
                                    ·  7 years ago 

                                  GBTC is interesting. You can buy fractional shares of it at stockpile.com. Fractional shares are awesome because you can invest as little or as much as you want without having to buy a full share.

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                                    1 vote
                                    [-]
                                      ·  7 years ago 

                                    Like the idea really appreciated

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                                      1 vote
                                      [-]
                                        ·  7 years ago 

                                      Now since GBTC sold these bitcoin shares .
                                      How will that affect in the share prices?

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                                        [-]
                                          ·  7 years ago (edited)

                                        thanks for the share post

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                                          [-]
                                            ·  7 years ago 

                                          FANMADE_Spike_%5C_You_See_That_Post_Up_There_%5C__macro.png

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                                            [-]
                                              ·  7 years ago 

                                            Bcash na real confusion o... Make them wind down.

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                                              [-]
                                                ·  7 years ago 

                                              I am a newbie when it comes to investing and hope to learn more. Looking forward to your future updates in this space.

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                                                [-]
                                                  ·  7 years ago 

                                                Already done resteemed @kingscrown

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                                                  [-]
                                                    ·  7 years ago 

                                                  Thanks for this post. I’m fairly new to the crypto world and learning new things every day from post like yours!

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                                                    [-]
                                                      ·  7 years ago 

                                                    I smell huge dump in bitcoin as well.

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                                                      [-]
                                                        ·  7 years ago 

                                                      Do you know any thing about the new Upcoming cryptocurrence Bitcoin White BTW. i you know kindly tell me i want to buy some thanks

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                                                        [-]
                                                          ·  7 years ago 

                                                        Great post. I like you.You votes me @kingscrown

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                                                          [-]
                                                            ·  7 years ago 

                                                          It is a good news to know

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                                                            1 vote
                                                            [-]
                                                              ·  7 years ago 

                                                            Congratulations @kingscrown, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 346 and the total pending payments to posts in this category was $5537.46. To see the full list of highest paid posts across all accounts categories, click here.

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                                                              [-]
                                                                ·  7 years ago 

                                                              I take many information from this post

                                                              Actually I have to increase my knowledge about btc

                                                              This post help me so much

                                                              Thanks for sharing this useful information @kingscrown

                                                              Let me resteem your post

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                                                                [-]
                                                                  ·  7 years ago 

                                                                I love you post @kingscrown ! It's very informative.

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                                                                  [-]
                                                                    ·  7 years ago 

                                                                  You are right abou Binance! The best wirking exchange in terms of design, user friendliness and almost everything else. ;-)

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                                                                    [-]
                                                                      ·  7 years ago 

                                                                    This is so informative content @kingscrown

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                                                                      [-]
                                                                        ·  7 years ago 

                                                                      172k bch ... Oh my god ... That's great

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                                                                        [-]
                                                                          ·  7 years ago (edited)

                                                                        Thanks for looking out for everyone. As crypto currency grows, the amount of GBTC will continue to grow

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                                                                          [-]
                                                                            ·  7 years ago 

                                                                          Hello @kingscrown
                                                                          Never know of GTBC. I should go check your older posts. Do you have shares with them? Thanks for sharing this?

                                                                          @learnandteach01

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                                                                              ·  7 years ago 

                                                                            Can this mean the end of BCH is near?

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                                                                                ·  7 years ago 

                                                                              Good read! I mean with BTC prices skyrocketing I think it makes more sense to try cloud mining because of higher returns. https://hashflare.io/r/7487B9DC 10% OFF voucher: HF17PROF5

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                                                                                  ·  7 years ago 

                                                                                Congratulations @kingscrown!
                                                                                Your post was mentioned in the hit parade in the following category:

                                                                                • Upvotes - Ranked 8 with 610 upvotes

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                                                                                    ·  7 years ago 

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                                                                                      ·  7 years ago 

                                                                                    The @OriginalWorks bot has determined this post by @kingscrown to be original material and upvoted it!

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