Selling all of this asset once I see a clear top before the next correction.
I'm actually up significantly on my current position.
But there is no point having the price of your bitcoin exposure to be manipulated when you could just own actual bitcoin.
Whatever, whoever screwed the premium on GBTC a month or so ago I now think forever damaged it. I don't believe this asset will ever be worth more then a bitcoin ever again = PREMIUM IS DEAD = No actual benefit or extra value in owning GBTC. Sorry folks.
Once an ETF is out, I might think about gaining exposure again in the market in regards to crypto. But until then I do not logically see a point in gradually collecting less return for an asset when you paid full price for it and the actual commodity continues to gain in value.
Actual bitcoin is what will be valuable in the years to come anyhow. Not a fiat run market system that pulls money out of their ass when they want/need it.
Am I wrong? Please give me your point of view!
I'm actually up significantly on my current position.
But there is no point having the price of your bitcoin exposure to be manipulated when you could just own actual bitcoin.
Whatever, whoever screwed the premium on GBTC a month or so ago I now think forever damaged it. I don't believe this asset will ever be worth more then a bitcoin ever again = PREMIUM IS DEAD = No actual benefit or extra value in owning GBTC. Sorry folks.
Once an ETF is out, I might think about gaining exposure again in the market in regards to crypto. But until then I do not logically see a point in gradually collecting less return for an asset when you paid full price for it and the actual commodity continues to gain in value.
Actual bitcoin is what will be valuable in the years to come anyhow. Not a fiat run market system that pulls money out of their ass when they want/need it.
Am I wrong? Please give me your point of view!