It looks like we will hit 10 000 USD on BTC soon.
GBTC is a Bitcoin Investment Trust which allows big official players to invest into Bitcoin legally.
It is always a good indicator of future ie check my post that predicted price going down here
And currently, GBTC traded at 10 000 USD per BTC!
The math on this is a little bit complex, 1 share is 927USD and you need 9/100ths to meet whole BTC. SO adds up to 10k USD!
1 share is 0.09258535BTC right now.
If you are day-trading do what you want but id rather suggest playing leverage than selling/buying actual BTC ie at BitMex or SimpleFX.
We dont know when this will take off and would suck to sell and not rebuy. Of course decide yourself.
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I m amazed!!! People are being charged so much for btc currently? Waiting for Steem Investment Trust to be priced $1000 per steem soon.
to the MOON !
It's good to keep an eye on the traditional investment products to get a picture of how the big whales are slowly jumping into the crypto arena
Good Post
Good point, you are now starting to see some celebrities get into it.
Yes even Flloyd Mayweather. It's getting crazy. Exciting times are ahead.
lol Nobody wants to get fired
What is the premium on GBTC normally?
Is it shortable? There would be a huge arbitrage opportunity there if it were.
you can not find any shares to short...IB is out for sure
good post
Check out truth revealed decades ago: https://dtube.video/#!/v/ragetester/6xicf9st Feed the government! Or was I looking for a different f word?
This seems very off topic and spammy
No more mr. nice guy?
Spread the word, save the world
Imagine the next halvening in 3 years, it will jump 10x
Yes, this indicates a huge demand from wallstreet investors so a lot of money will brought to bitcoin by them!
@michiel
I support with your comment 👍
Upvoted
@kingscrown
Bitcoin to the moon soon 👌
@michiel @kingscrown could it be that people who took money out before segwit now gained confidence and is reinvesting? Either ways its good news for who invested in it. Mine was a very small share so even thoe the gain is not huge its considerable.
you are right bro
Wallstreet investors? do we really need this type of market manipulation, greed and corruption?
I totally agree. They don't seem to be the type of people who will hold Bitcoin as a store of value, more pump the price up by injecting millions in then selling off in one go dragging the price down with it. Very worrying times ahead.
definitely very worrying when these guys get involved. If the exchanges and the pump and dump traders aren't careful, the mass of people with the vision of world financial evolution WILL leave this space, however sad that would be, and the greedy bunch will be left trying to pump and dump on each other. The average guy is tired of being extorted by these idiots.
thank you kingscrown, the future is looking bright.
10K may sound ridiculous right until you read this;) https://steemit.com/bitcoin/@cryptoeagle/cryptocurrency-wallet-users-vs-facebook-users-where-are-we-now-making-the-case-for-the-million-dollar-coin
This is only the beginning folks, relax and enjoy the view while we get there!
you are right this is going to be badass.
Actually no its not, sooner or later the government will start regulating bitcoin and ruin yet another good idea. Just like it always does.
Brilliant! Thank you!
That´s exactly how I feel
it's a very helpful post, thank you !!!!
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