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Topic: GBTC (Read 65 times) previous topic - next topic

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  • Erich 
  • [*][*][*][*]
GBTC
I have just crossed the 100% up mark on the remainder of my GBTC shares. I have been selling some staring at BTC 25, 30 and 34.
so far that has been a mistake. I have never seen anything rise so fast and so far in such a short time without a significant pullback.
I'm slowly getting heavier  in the miners, and will be picking up some of Dave's spec plays and some JR's. Appreciate any plays to do some DD on.
GLTA ER

Re: GBTC
Reply #1
Looks very bubbly to me


  • Erich 
  • [*][*][*][*]
Re: GBTC
Reply #2
I thinks we past the bubbly stage weeks ago, but who's to say it cant double from here.
I have been reducing all the way as usual.  To much demand and little supply.
GLTA

Re: GBTC
Reply #3
I am not a participant in bitcoin but I watch it with amazement. A mining company with similar characteristics is ESKYF. For me the difference is the miner has prospective acreage and the price appreciation is in response to very successful exploration results pointing to potential tangible mining operations. WRT bitcoin, I do not see anything other than fear of system collapse and the coins becoming the new go to currency. There is a case to be made as the coins already to a very small degree facilitate trade as a currency, a function of money that could be expanded to handle ever increasing percentage of the economy. But as valid as that might be, FOMO seems to be the real wind in bitcoin's sails at the moment and I fear a calm it the breeze may be at hand. Over $40,000 per coins that were priced at $400 to $500 5 years ago is too rich for me to get in now.

  • Erich 
  • [*][*][*][*]
Re: GBTC
Reply #4
I am not a participant in bitcoin but I watch it with amazement. A mining company with similar characteristics is ESKYF. For me the difference is the miner has prospective acreage and the price appreciation is in response to very successful exploration results pointing to potential tangible mining operations. WRT bitcoin, I do not see anything other than fear of system collapse and the coins becoming the new go to currency. There is a case to be made as the coins already to a very small degree facilitate trade as a currency, a function of money that could be expanded to handle ever increasing percentage of the economy. But as valid as that might be, FOMO seems to be the real wind in bitcoin's sails at the moment and I fear a calm it the breeze may be at hand. Over $40,000 per coins that were priced at $400 to $500 5 years ago is too rich for me to get in now.

Hard to argue your point, but what was $400 and $500 5 years ago was 4 and 5 cents 10 years ago.  This is the trade of the decade nothing comes close. I made good money in 2017 and i'm making money now. 80 percent corrections can and will happen in BTC
and we are way passed due.
GLTA ER 

  • ken
  • [*][*][*][*][*]
  • Global Moderator
Re: GBTC
Reply #5
IT NEEDS TO CRASH AND BURN. IT A BERNIE MADOFF IN THE MAKING!