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Non-Tech
GBTC: Bitcoin Investment Trust (Not an ETF) OTC:QX
An SI Board Since June 2016
Posts SubjectMarks Bans Symbol
270 48 0 GBTC
Emcee:  Urlman Type:  Moderated
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95Bitcoin tanking again today, the GBTC trust will probably take it on the chin agElroy-12/21/2017
94Must stop giving away our trade secrets! <g>SGJ-12/21/2017
93My math says the premium now is down to 44%. That doesn't seem too bad. I Elroy-12/21/2017
92Just wait for the premium to drop back down <25%. That's the history to SGJ-12/21/2017
91Wow, some major volatility in GBTC in the past few days. With GBTC at $2,383 amElroy-12/21/2017
90Summary Premium to holdings has surged to more than 100%. Bitcoin crazy will evElroy-12/19/2017
89Damn, Bitcoin down to $16,000 from the recent $19,000 level, and GBTC just doesnElroy-12/19/2017
88Welcome to CryptomaniaSGJ-12/19/2017
87This thing is bananas, its almost green after being down over 800 this morning.GoodGord-12/19/2017
86I know what you mean. Trade this on premium to BTC. Its like a VIX on BTC. ItsSGJ-12/19/2017
85Uhmmm, however GBTC Is going up while Bitcoin isn't moving much. I get the Elroy-12/18/2017
84Pre- market at $3K suggests this is firmly parabolic and early stage at that.SGJ-12/18/2017
83OK, when I get time I am going to research this more.SGJ-12/18/2017
82It is 2% per year, and I think they trust has been around for 4 years, so roughlElroy-12/15/2017
81Ahh. OK. You are discounting the management fee. I didn't use that. But iSGJ-12/15/2017
80Should be 0.92, not 0.092. That's the 2% per year charge for managing theElroy-12/15/2017
79NAV = # of coins * price of 1 Bitcoin * .092 What is this .092 factor you are uSGJ-12/15/2017
78Well, I can see your Google doc, but I can't see the formulas. You've gElroy-12/15/2017
77docs.google.com I'm going by this and it says 44%. Its going to be about 5SGJ-12/15/2017
76I asked my broker (TD Waterhourse) where is the GBTC distribution? He called thElroy112/15/2017
75Ok, lets try to calculate the premium with Wednesday's closing price and theElroy-12/13/2017
74Nope. 2273/1560= 45% premium as of yesterday's close. Still a hold for meSGJ-12/13/2017
73I didn't get mine yet either. I plan to call Fidelity and find out why. MoSGJ-12/13/2017
72Lets see, so with GBTC $2,500 and Bitcoin at $17,000, the premium is about 70%? Elroy-12/13/2017
71Yes, I read it again and I think you're right, the record date seems to be NElroy-12/12/2017
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