Dingo Posted December 22, 2017 Report Share Posted December 22, 2017 Have to say, some of my money was scared. And it’s older than yours. Good job HODLING it all.It only became scared money because you amassed enough where it was out of your comfort level Quote Link to comment Share on other sites More sharing options...
IAG Posted December 22, 2017 Author Report Share Posted December 22, 2017 It only became scared money because you amassed enough where it was out of your comfort levelI guess. I just wish it could have been scared on Wednesday! Quote Link to comment Share on other sites More sharing options...
IAG Posted December 22, 2017 Author Report Share Posted December 22, 2017 Mike...maybe it was this. https://seekingalpha.com/article/4133371-buy-bitcoin-investment-trust Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted December 22, 2017 Report Share Posted December 22, 2017 Mike...maybe it was this. https://seekingalpha.com/article/4133371-buy-bitcoin-investment-trust seems like total manipulation of the price of gbtc... cnbc has guys on bitcoin week saying it was cheap because the premium was "only" 10-20%... then citron shorts it, buys back at 1200 or so this morning and feels the need to tell everyone they are no longer short... seeking alpha says 20% premium is cheap and it goes to 2000 unbelievable when you sit back and think about it. even a 20% premium for someone to hold your bitcoin hostage and take 2%/year in fees is stupid, it should trade at a discount Quote Link to comment Share on other sites More sharing options...
IAG Posted December 22, 2017 Author Report Share Posted December 22, 2017 seems like total manipulation of the price of gbtc... cnbc has guys on bitcoin week saying it was cheap because the premium was "only" 10-20%... then citron shorts it, buys back at 1200 or so this morning and feels the need to tell everyone they are no longer short... seeking alpha says 20% premium is cheap and it goes to 2000 unbelievable when you sit back and think about it. even a 20% premium for someone to hold your bitcoin hostage and take 2%/year in fees is stupid, it should trade at a discountStarting not to trust them. Bad enough having to watch out for regular BTC manipulators. They did not respond to my email after I told them they screwed up the distribution...in a much more professional way of course.... They had been replying very timely about responding regarding the distribution date etc. Then I made a comment on Twitter about them not answering my email (doesn’t have my real name) Then magically I got an email from a CSR that copied Michael Sonnenshein who apparently is the director who was on CNBC last week, so it must’ve gotten somebody’s attention. Spent 90 Minutes on the phone ...mostly hold...with Ameritrade who had zero information. They were going to refer to their “specialty “department. I mean only am out $500, but can you imagine somebody with a very serious investment who got shorted on the distribution. Some of those people may not even realize it. Many of them didn’t know they were getting that money. And I think a lot of people bought prior to the date knowing that they could buy up until November 6 and get a piece of that. So there may have been a lot of last-minute buys. I know exactly what happened is they missed the last four shares I bought days before the record date. ...I suppose it could be a Ameritrade’s fault, but somehow I doubt it. I don’t know enough about futures to understand 100 percent of what you’re saying, but I can catch enough of it to get the gist. I just shook my head when I saw that article. Crazy out there! Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted December 22, 2017 Report Share Posted December 22, 2017 Starting not to trust them. Bad enough having to watch out for regular BTC manipulators. They did not respond to my email after I told them they screwed up the distribution...in a much more professional way of course.... They had been replying very timely about responding regarding the distribution date etc. Then I made a comment on Twitter about them not answering my email (doesn’t have my real name) Then magically I got an email from a CSR that copied Michael Sonnenshein who apparently is the director who was on CNBC last week, so it must’ve gotten somebody’s attention. Spent 90 Minutes on the phone ...mostly hold...with Ameritrade who had zero information. They were going to refer to their “specialty “department. I mean only am out $500, but can you imagine somebody with a very serious investment who got shorted on the distribution. Some of those people may not even realize it. Many of them didn’t know they were getting that money. And I think a lot of people bought prior to the date knowing that they could buy up until November 6 and get a piece of that. So there may have been a lot of last-minute buys. I know exactly what happened is they missed the last four shares I bought days before the record date. ...I suppose it could be a Ameritrade’s fault, but somehow I doubt it. I don’t know enough about futures to understand 100 percent of what you’re saying, but I can catch enough of it to get the gist. I just shook my head when I saw that article.Crazy out there! yeah thanks for the info... if they can't even be trusted to pay the distribution that they promised, that's a red flag i'm fascinated by how much variance there is in the gbtc price vs btc... sometimes it's 10% premium and sometimes it's 80%, hit both of those ends of the spectrum today lol Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted December 26, 2017 Report Share Posted December 26, 2017 bought some GROW today early on at 4.31 and again near the close at 4.49 no debt and $35 million in equity... and their investment in prelf is worth about $34 million (on the books for $11.4m) so total equity is really around $48 million and the market cap is only 58 million... pays a puny dividend, and you can always sell covered calls against it if you think the upside is limited it's susceptible to bitcoin prices but upside is way more than downside even if btc trends flat/slightly lower Quote Link to comment Share on other sites More sharing options...
IAG Posted December 26, 2017 Author Report Share Posted December 26, 2017 bought some GROW today early on at 4.31 and again near the close at 4.49 no debt and $35 million in equity... and their investment in prelf is worth about $34 million (on the books for $11.4m) so total equity is really around $48 million and the market cap is only 58 million... pays a puny dividend, and you can always sell covered calls against it if you think the upside is limited it's susceptible to bitcoin prices but upside is way more than downside even if btc trends flat/slightly lower Excellent. I’ll take a look Mike. GL! Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted December 26, 2017 Report Share Posted December 26, 2017 Excellent. I’ll take a look Mike. GL! thanks if i think a bitcoin stock is fairly valued/cheap then either i'm going crazy or it actually is Quote Link to comment Share on other sites More sharing options...
sports j Posted December 26, 2017 Report Share Posted December 26, 2017 bump Quote Link to comment Share on other sites More sharing options...
IAG Posted December 29, 2017 Author Report Share Posted December 29, 2017 If Stellar is added......I will be buying an island somewhere. Please keep sending those positive vibes for XLM. TIA Big day for Stellar! Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted December 29, 2017 Report Share Posted December 29, 2017 i bought some more grow at 4.01 my thought is even without the bitcoin exposure, the stock is worth $2 on the gold holdings... and i can always sell 2.50 covered calls if crypto's go to hell so downside is maybe $1/share and upside is a lot more than that Quote Link to comment Share on other sites More sharing options...
WeinkeToWarrick Posted December 29, 2017 Report Share Posted December 29, 2017 Just found out one of my Vegas buddies has 6k XRP coins that he bought about a week ago...says he’s turned $20k into 40k in a month thru crypto, meanwhile I’ve been fucking around with hundreds. Damn. So I’m buying a few more Ripple even though it’s up big time in the last two days which is probably dumb Quote Link to comment Share on other sites More sharing options...
IAG Posted December 29, 2017 Author Report Share Posted December 29, 2017 Just found out one of my Vegas buddies has 6k XRP coins that he bought about a week ago...says he’s turned $20k into 40k in a month thru crypto, meanwhile I’ve been fucking around with hundreds. Damn. Ripple was at .25 for what seemed like forever. Huge month for them. I’m not sure I would buy at the top, but people told me that about bitcoin at 1800 so I wont comment too much. Ha....The only thing is with XRP is that it’s got a huge supply which makes it seem cheaper than it really is. That being said, Asia loves Ripple, and they are just waking up so hopefully will have a good night. GL! Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted December 29, 2017 Report Share Posted December 29, 2017 The Riot Blockchain CEO just dumped a majority of his shares. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 29, 2017 Author Report Share Posted December 29, 2017 The Riot Blockchain CEO just dumped a majority of his shares.That’s the other thing with Ripple. One person or a group (Ripple) owns like 80 percent of the coin and they could do the same. Quote Link to comment Share on other sites More sharing options...
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