https://grayscale.co/bitcoin-investment-trust/#market-performance
$GBTC now trades at an implied Bitcoin price of $5,222, or at an 85% premium over NAV. ($485/0.09289)
Bitcoin $781.41
- Thread starter MadJack
- Start date
https://grayscale.co/bitcoin-investment-trust/#market-performance
$GBTC now trades at an implied Bitcoin price of $5,222, or at an 85% premium over NAV. ($485/0.09289)
They are presenting in Singapore right now for the #CitiT4IChallenge[FONT=Arial, sans-serif]. If they win, who knows. Also, Brian Kelley just talked about DGB on Fast Track.
[/FONT]Brian KellyVerified account @BKBrianKelly <small class="time" style="font-size: 14px; color: rgb(101, 119, 134);"> 6h6 hours ago</small><button class="ProfileTweet-actionButton u-textUserColorHover dropdown-toggle js-dropdown-toggle" type="button" style="color: rgb(170, 184, 194); font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 16px; line-height: 1; font-family: inherit; margin: 0px; overflow: visible; cursor: pointer; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border-width: 0px; border-style: initial; border-color: initial; padding: 2px 9px; transition: box-shadow 0.15s ease-in-out; position: relative;">More
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After mentioning @DigiByteCoin last night on @CNBCFastMoney I forgot to say congrats to @jaredctate - one of the best in the biz! BK is long
- Feb 26, 2001
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Ordered that Nano S but won't be here for Saturday's Metal Pay. Any opinions on the best way to store the coins I get from Metal Pay before I get the hardware?
http://www.cnbc.com/2017/06/07/cramer-says-its-possible-bitcoin-could-reach-1-million-one-day.html
Wrong idea but on the right track
Cramer says it's possible bitcoin could reach $1 million one day
This is good for real time updates
https://realtimebitcoin.info/
Wrong idea but on the right track
Cramer says it's possible bitcoin could reach $1 million one day
This is good for real time updates
https://realtimebitcoin.info/
In the ethereum wallet your using. You'll be fine. And if you get the coins congrats. I've heard they're trading at 3x price right now OTC.
I still can't find anyone to sell to me OTC.
- Feb 26, 2001
- 13,593
- 164
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I misunderstood the whole process it sounds like. I signed up for myetherwallet. So I use that address and have them send me the coins there. Then when I get the Ledge Nano I can download it on there?
Sounds like it will be a lottery on Saturday. I'll see if i'm lucky or not. Thanks for your input. I'm enjoying researching some of these options.
Hope you kill it....
But, all this hype reminds me of the gold and silver bubble of 1980-81.
Gold and silver were "going to the moon" according to the hype.
Gold will see $10,000 per ounce, Silver $500.
People bought in, gold peaked at $875, silver $48.00. There was pyramid schemes, silver contracts on margin, free money, just buy, buy, buy.
Then late 1981, boom, crash, burning embers....year later, gold was $280 silver under $10.00.
Assess your risk factor...much like gambling...don't spend eating or rent money.
As far as Cramer....he is the all time CNBC master shill....he's right as much as a broken clock.
Here is part of an interesting article that puts valuation in perspective..
The bursting of the bitcoin bubble could ripple far beyond investors
By
MATTHEW
LYNN May 24th, 2017
Bloomberg News
$1,000 $2,000 or $3,000. Heck, it could be up to $10,000 by the end of the month, and carry on climbing from there. While most markets around the world are mildly positive for this year, the cryptocurrency bitcoin has gone through the roof. At $2,400 it has more than doubled in value this year alone, and it is hitting fresh highs almost every day.
But hold on. Bitcoins themselves may be very new, yet that kind of price action is very old. In truth, it is starting to look like a bubble, and that should be making investors everywhere feel nervous. Why? Because it tells us that financial crazes are back. Because it will lead to overinvestment and wild speculation. And because bubbles inevitably crash ? and once that happens, the losses can ripple out in unexpected ways.
Also read: 4 reasons bitcoin still isn?t mainstream
If you were lucky enough, or smart enough, to load up on some bitcoins early, you will be feeling a lot wealthier heading into the summer.
On Monday, the value of bitcoin BTCUSD, +0.05% raced up close to $2,200, an all-time high. By Wednesday it was soaring over $2,400.
If you had put $1,000 in the electronic currency in 2010, it would be worth an extraordinary $38 million (up from $35 million on Monday and compared to $2,500 if you had put it into the S&P 500 SPX, -0.08% ). Not many people were ever going to be that quick off the mark, but if you had loaded up on a few when the price last crashed in 2014 you would have almost quadrupled your money. In the last month alone, the price has risen by 87%, and there is little sign of it stopping there.
There are plenty of solid reasons why bitcoins are going up in price. It is growing in importance, along with other cryptocurrencies, as more and more companies accept it as a means of payment, and as regulators start to accept it as a legitimate investment. It may well start to break out of a small techno world, and become a mainstream asset, like the dollar, or equities, gold or bonds.
Even so, 87% in a month is not a normal price movement. In reality, no one really needs to spend time debating whether it?s a bubble or not. It is just obvious. The interesting question is what will be the consequences of that, and how much damage it might do when it bursts.
On one level, the answer might be ? not much. For all the hype and hoopla around electronic currencies, they are not yet a huge financial deal. There are 16 million bitcoins out there, and they currently have a combined value of $35 billion.
Okay, so that might be $40 billion or even $50 billion by the time you get around to reading this far, but in the context of the global capital markets that is not a huge sum.
Apple AAPL, -3.88% has a market value of $805 billion. All the gold in the world has an estimated combined price of $8.2 trillion. The United States bond market is worth an estimated $31 trillion. Bitcoin is hardly that important. Associated British Foods ABF, -1.01% , a relatively dull company you have probably never heard of, is worth about the same as all the bitcoins put together ? and the markets would not crash if it went pop.
The market cap is 100 Billion. So, it doubled that Associated Foods Company in 3 weeks.
I get the concern and 1980 charts are very similar. Hell Reagan was in office and now Reagan number 2...
But this isn't US specific or driven by bankers. This is decentralized Banking.
Maybe its the Russians - Cover of today's Moscow Times
Maybe its the Russians - Cover of today's Moscow Times
Maybe its the Russians - Cover of today's Moscow Times
- Sep 1, 2012
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Woodson I will be emailing you soon. Any WORLDWIDE currency not controlled by a government but by the people/supply and demand is well the FUTURE.
opcorn2
Spot on with the drop forecast. Looking forward to that explosion and heavy lift!
:toast:
i thought russians (well, putin) are interested about Ethereum:
https://www.bloomberg.com/news/arti...-rival-to-spur-economic-growth-beyond-oil-gas
:0008
bought one today, i guess i need to figure this out...
what broker you guys use, coinbase ? i was thinking to start buying little by little those
currencies that look good...
for those that know better, are there coming new cryptosystems that don't use currency at all or something that could wipe this cryptocurrency off for good. maybe in ten years or so ? what kind of life span you except for bitcoin and ethereum ?
thanks :toast:
