Originally Posted by FD:
Nobody ever talks about their gambling losses either.
??? I do. I usually tell people my worst days just to see them freak out. When I tell my parents I lost $10,000 or something, they go what what what what! You need to quit! Nobody seems to care about when I tell them I win, so now I just tell them how much I lose and they seem to perk up. [Reply]
10:48 AM ET 1/18/18
Symbol Last % Chg
GBTC
1,845 12.78%
Real time quote.
By Maria Armental
Grayscale Investments LLC, a unit of Barry Silbert's Digital Currency Group Inc., is making another move for retail investors: a 91-for-1 stock split of Bitcoin Investment Trust's stock.
With the split, shareholders of record as of Jan. 22 would receive 90 additional shares on Jan. 26 for each share held.
The stock, which trades over the counter under the ticker GBTC, closed Thursday at $1,708.01.
While splits don't change a company's value, they tend to generate interest in the stock as the lower price makes it more attractive to a larger group of investors, driving up the value.
Grayscale Investments last year filed--and later withdrew--an application with the Securities and Exchange Commission to launch a bitcoin exchange-traded fund. An ETF on a U.S. exchange would offer investors a way to bet on the cryptocurrency through their existing brokerage accounts.
Bitcoin, backed by algorithms rather than pledges from national governments, has so far remained a niche product. It was trading Thursday at $12,948.01, according to Coindesk. [Reply]
Originally Posted by Hog's Gone Fishin:
Just a reminder,
7:57 PM ET 1/11/18 | Dow Jones
RELATED QUOTES
10:48 AM ET 1/18/18
Symbol Last % Chg
GBTC
1,845 12.78%
Real time quote.
By Maria Armental
Grayscale Investments LLC, a unit of Barry Silbert's Digital Currency Group Inc., is making another move for retail investors: a 91-for-1 stock split of Bitcoin Investment Trust's stock.
With the split, shareholders of record as of Jan. 22 would receive 90 additional shares on Jan. 26 for each share held.
The stock, which trades over the counter under the ticker GBTC, closed Thursday at $1,708.01.
While splits don't change a company's value, they tend to generate interest in the stock as the lower price makes it more attractive to a larger group of investors, driving up the value.
Grayscale Investments last year filed--and later withdrew--an application with the Securities and Exchange Commission to launch a bitcoin exchange-traded fund. An ETF on a U.S. exchange would offer investors a way to bet on the cryptocurrency through their existing brokerage accounts.
Bitcoin, backed by algorithms rather than pledges from national governments, has so far remained a niche product. It was trading Thursday at $12,948.01, according to Coindesk.
Are you playing this long or short?
I have to keep pretty liquid in the next few months, but this seems interesting. [Reply]
Originally Posted by ghak99:
Are you playing this long or short?
I have to keep pretty liquid in the next few months, but this seems interesting.
I've been buying and selling this stock for a month because of the volatility and done quite well overall. BUT after the split it will be somewhere around $20 /share and I'm going to play the long. It may go to $10 but there's a MUCH better chance it will go to $50 or much higher. Some players are betting it climbs right back up to 300-500 but who the hell knows. I just bought 3 more share about 15 minutes ago at 1836. [Reply]
Originally Posted by Hog's Gone Fishin:
I've been buying and selling this stock for a month because of the volatility and done quite well overall. BUT after the split it will be somewhere around $20 /share and I'm going to play the long. It may go to $10 but there's a MUCH better chance it will go to $50 or much higher. Some players are betting it climbs right back up to 300-500 but who the hell knows. I just bought 3 more share about 15 minutes ago at 1836.
I got in at $1841 earlier today kicking myself for not getting in at $1400 yesterday. [Reply]
Originally Posted by ghak99:
You trying to do any dollar averaging today?
I can't watch any longer, pulling the trigger to let a couple ride through the change.
No. I usually ride it for a day or so and pull out. Down a little bit but really hate holding this over weekends with the volatile nature of BTC. If push comes to shove, I'll take a long position if needed. Not worried about taxes as it's being traded in a rollover IRA account. [Reply]
You guys sure have alot of gumption and no fear to dick with those exchanges. I only have about $6,500 on exchanges and I'm still scared. Those ****ers get hacked all the time, can go under without any warning, some of the more shady ones have even just stole peoples money. Yobit stole some ethereum from me six months ago. Then they'll just announce oh guess what, your favorite coin is now is now in maintenance mode indefinitely. Zing! Don't trust 'em. Too much work to daytrade shit crypto. Too many fees to worry about.
JUST HODLING IT DOWN HERE
Go go go BTC, Ethereum, LTC, Dash, Monero, Icon, RaiBlocks, Pivx. Bout it.
I'm going to **** around with some shitcoin masternodes, but dump it before it goes ponzi. Dicking around with shitcoins and worrying about when they go up and down, shit is for the birds. [Reply]
