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Strategies & Market Trends : Bitcoin -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (284)	10/25/2017 8:45:38 PM
From: Elroy	Respond to of 963

Bitcoin Investment Trust Announces Record Date for Distribution of Bitcoin Cash and Remittance of Cash Proceeeds October 26, 2017 NEW YORK, Oct. 25, 2017 /PRNewswire/ -- Grayscale Investments, LLC, the sponsor (the "Sponsor") of the Bitcoin Investment Trust ( GBTC) (the "Trust"), announced that it has today declared a distribution and established a record date for the distribution of all of the Bitcoin Cash currently held by the Trust to shareholders of record ("Record Date Shareholders") as of the close of business on November 6, 2017 (the "Record Date"). On the Record Date, pursuant to the terms of the Trust Agreement governing the Trust, the Trust will appoint Grayscale Investments, LLC as agent (the "Agent") on behalf of the Record Date Shareholders and transfer the Bitcoin Cash held by the Trust to the Agent on behalf of the Record Date Shareholders. The Agent will thereafter sell the Bitcoin Cash over a period of time, currently not expected to exceed 90 days, and remit the cash proceeds from such sale, net of any administrative and other reasonable expenses incurred by the Agent in connection therewith, to Record Date Shareholders upon completion of the sale. The Agent will announce a remittance date for the remittance of such net cash proceeds once established. Notwithstanding the foregoing, the Agent reserves the right to remit any net cash proceeds from such sale prior to the completion thereof, in more than one remittance. Based on 1,868,700 shares of the Trust outstanding as of the date hereof and expected to be outstanding as of the Record Date, each share of the Trust will entitle the holder to receive approximately 0.09258535 coins (or units) of Bitcoin Cash, prior to the deduction of any administrative and other reasonable expenses incurred by the Agent related to the eventual sale of the distributed Bitcoin Cash. Bitcoin Cash currently trades in multiple venues, which have reported widely fluctuating values for Bitcoin Cash since its introduction on August 1, 2017, and as a result of this volatility it is not possible to predict the value of Bitcoin Cash to be distributed as of the Record Date. On October 24, 2017, venues were reporting intraday trading prices for Bitcoin Cash from as high as approximately $340 per coin to as low as approximately $310 per coin (or their approximate equivalents in other fiat or digital currencies), although there is no assurance that prices in this range (before deduction of expenses) would have been realizable had the Bitcoin Cash currently held in the Trust been liquidated on such date. As a result, there can be no assurance as to the price or prices for Bitcoin Cash that the Agent may realize, and the value of Bitcoin Cash may increase or decrease after any sale of Bitcoin Cash by the Agent.

To: Goose94 who wrote (284)	10/27/2017 4:57:59 PM
From: Goose94	Read Replies (2) \| Respond to of 963

Big Brother Slobbering All Over Your Bitcoin Says Ron Paul When it comes to the cryptocurrencies, big brother is watching too close for comfort says former congressman and noted libertarian Ron Paul. “There is too much surveillance already on how the currencies are transferred, [how] the reports have to be made by the exchanges to the IRS,” said Paul, now the Chief Ambassador for Goldco. “If it is a really good deal and a good process rest assured the government will be looking at it very carefully…it makes me very nervous.” The former presidential candidate said he wanted to legalize all competing currencies when he was in office and says he is all for it. “If the people want it and want to use it, the government should stay out of it.” As for gold, the noted aficionado, who wanted a return to a gold standard, said the metal is headed in one direction. “There are some economic laws that set a trend and if you have a central bank that prints money out of thin air, in time gold goes up in price. It can only go up.” Not giving a specific price target, Paul said gold’s former highs of $1,900 an ounce are a no-brainer. “It’s just a matter of time…They will not stop printing money, the political pressure is too great so we can expect more monetary inflation,” he said in an interview Thursday