I am no expert in stocks, but can someone clearly explain how gbtc stocks moves vs. bitcoin moves? For instance, on Friday end of the trading time, GBTC is at $2700 and Bitcoin is let’s say at $ 17K. During the weekend, Bitcoin went up to $20K. Does that mean that GBTC will open on Monday at much...Read more
Seems safer and easier for taxes. Don’t wanna lose my BTC in a hack or fire
At one year level, the graph shows that GBTC almost grew 300%+ while BTC grew 100%+. At 5 years, BTC grew 1300%+ while GBTC grew 1000%+. How is that possible? I was considering buying Grayscale ETH & BTC ETF. The expense ratio seems very high, and that's when I observed the above pattern.
When BTC was $30,000, GBTC was $30. When BTC was $33,000, GBTC was $33. (basically, a 1000 to 1 ratio) Now BTC is $26,800, and GBTC is $14. Is GBTC a scam? TC 350k #personalfinance #investments
Buy bitcoin. If you don't have the balls to hold your own keys then at least put some of your 401k into GBTC. Ask Fidelity to hook you up via BrokerageLink. Vanguard and others should have similar tunnels from 401k to GBTC.
Bitcoin ETF Flow - 9th Feb All data out. Strong day at $541.5m of net inflow Invesco had an outflow, the first non-GBTC product to have an outflow day
It looks like a new Bitcoin ETF will go live in early march. (Although it's already possible to invest in GBTC) Will you be investing? Do you already own much bitcoin?
Where do you guys buy or invest Bitcoin or ethereum or anything like that? I do see GBTC and ETHE on Ameritrade but they are pink sheet OTCs. Am not sure how reliable they are. Any pointers appreciated!! #crypto, #bitcoin
I bot a mini lot (couple 100 bucks) BTC and ETH using Paypal app. I want to add more (10-20K) in 2022. Is it good to continue using PYPL app or shd I go elsewhere? If not Paypal app, which platforms do crypto investors use here for long term hold? Worried about safety and tax compliance of the plat...Read more
I am too lazy to invest in and handle cryptos but I want to put something on that boat. Is there any good ETF? I saw GBTC is following bitcoin pretty well, while GDLC has more variety. Wanted to see here if anyone had a better suggestion tc: ~300k
Choices I'm familiar with are $GBTC, $MARA, and $MSTR. I'm not entirely sure how the latter two grant exposure indirectly to BTC but I know that they do. I'm looking to ride the wave for the next 3 months or so and cash in huge profits. Will I get better returns through buying options on one of the ...Read more
Why do you need to use Coinbase to buy Bitcoin or ETH ? They charge hefty fee and have no real support person to talk to? You send an email and wait for a response for 7-10 days ? Why not use GBTC or ETHE as equivalent ETFs in a normal brokerage account ? COINBASE has said that your bitcoin/currency...Read more