GBTC

[Triplethought]

As previously reported on 5/18/21 I bought GBTC @ $34.28 and almost exactly the same time I bought an equal amount of OBTC @ $14.58

As of this moment OBTC is up 3.59% with $59.80 profit outperforming GBTC which is down 11.67% $194.84 loss.

Obviously any given time snapshot will vary but right now (and looking at the 2 graphs) it looks like buying OBTC with it's lower overhead makes more sense if you're going to buy bitcoin in the market.

I'll try to update this next month. I bought another lot of OBTC yesterday at $12.49. Glutten for punishment.

[AstuteShift]

Would love one strong push lower just to scare off the kids

The alt coins paint a good picture, they have bullish patterns despite the massive pain bitcoin received. That’s good for a crypto market stand point for btc to go for the 100k target

[Yodean]

Would love one strong push lower ...

While anything may happen when it comes to BTC, there is now strong support in the 28k - 32k zone. The recent "May Day" crash appears to have flushed out a lot of the leverage from the FOMO speculators, a lot of whom are left crying in their Mama's basements. Such is life.

What's left in the BTC world are mostly the true "Diamond Hands." The "Cabbage Hands" have mostly been crushed into coleslaw.

Institutions are quietly and slowly accumulating BTC between 30k - 40k . . .

A little bird told me.

[Yodean]

Let's see if the my "line in the sand" holds for BTC @ 28k . . .

[AstuteShift]

Also we had an ultimate sentiment confirmation of a bull trend

Jim Cramer selling his bitcoin

The last third target from SOL is likely to hit, I think

[Mindie333]

Lolll… Cramer observation…

What was that range? Was it 24-28 for GBTC?

[GregT]

GBTC: If it trades to the 22.50 to 24.00 ranges deploy the last third. If it trades to 36.00 before you can deploy the last third, then cancel pending plays to deploy the last third.

The low for today was 24

[Mindie333]

Thanks!

[Centeron631]

Article re struggle to change GBTC into an ETF from a Trust and pricing effects:

https://www.wsj.com/articles/if-graysca ... 1671428078