As posted here on TV we covered a few months ago but all buyers of this fund should be aware of the massive "premium" that this fund can generate - as much as 80% a year ago which we warned of back then. GBTC is a safe easy way to buy BTC but it can also be a trap if you are the one paying that premium - a drop in BTC produces a massive drop in this name. Just last year this name went from $20 when Tom Lee and all the "experts" were pounding the table ( as they are now ) on BTC to UNDER $4 - retail buyers took a major hit on this name - buyer beware.We have no position in this name but will be looking to get very long at much lower prices if it gets there. If we miss it then we miss it - there are 8,000 other names we can buy at our price. #Patience #Stocks #Crypto #Fintech #Bitcoin
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Recent longs in this name will go into shock this week and long term as they see their money fly out the window.
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The collapse in this name from these levels should be right around the corner from here. We'll see.
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Here comes that Premium deflating as we posted to watch out for just a few days ago.
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Down 7% See you at 0.40c eventually just as we said
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Down 10% today did you read the title a few days ago when we posted this?
Best advice ever. Great to own at much lower price. There should be one more time down for sure. This is the up before it goes lower I think .You have to trap the longs to cause selling pressure. I have made a lot of money in this stock and watch it faithfully . It is explosive but you must pick your spots. Good luck and thank you for all your sobering advice . I watch only three people on here and you guys are one of them.
Thank you again for your great work and the generosity of posting it.
NewYork888
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@BBD2017, Thank you for the kind words and yes this is one you can make money with if patient and bought correctly - we agree 100%. You're also correct when you say "it must trap more longs" because that's exactly how these types of stocks behave. This name will destroy many longs and we'd guess already has over the past year. Good luck. @dRends35@UNWOUND@NoobOfTheMonth @Giorgioversace
markusrafferty
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Oh god... What a muppet
FreedomHouse
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Every comment has been wrong.
NewYork888
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@FreedomHouse, Well why don't you enlighten us then with some TA on GBTC and it's premium. You know we shorted this a long time ago from ATH correct and covered that short a few months back. Now please enlighten us with your wisdom. Thank you. @dRends35
NewYork888
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@FreedomHouse, p.s. don't forget to explain the GBTC premium and exactly how it works in detail and why at these levels and higher it's not a trap - we'll be waiting.
Thank you again for your great work and the generosity of posting it.