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Topic: Sold half GBTC (Read 235 times) previous topic - next topic

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  • Erich 
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Re: Sold half GBTC
Reply #15
the thing is Bitcoin and Ethereum create zero value...they have no revenues...unlike google or Facebook as an example...those companies actually make money and the inventors created real cash flow generating companies through great ideas. Ethereum was simply a copy of bitcoin as they saw people were actually willing to pay something for nothing.

I think you are looking at BTC like it is a company. It is not. It is a currency or maybe a store of value.  You sound like you are describing the US dollar or the Zimbabwe dollar in your post at least BTC is capped at 21 million coins. I have not forgotten our bet and we will see who is right in 18 months. I will have no problem buying you a fine Canadian beer if I am wrong.
ER

  • Nikko
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Re: Sold half GBTC
Reply #16
of course ER...but lets make sure its not a Molson beer...only a quality craft beer.
The bet was within 18 months gold will be worth more than bitcoin...lets say by June 1 of 2019

  • Nikko
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Re: Sold half GBTC
Reply #17
http://www.zerohedge.com/news/2017-12-21/bitcoin-arbitrage-spreads-are-collapsing

selling short GBTC and buying futures was a smart play.

  • Nikko
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Re: Sold half GBTC
Reply #18
added some gdxj to the short mix just now at 33.05...25% short/ 75% cash
Blockchain shares getting ruined today looks like.