IAG Posted December 5, 2017 Report Share Posted December 5, 2017 New record. Congrats to all HODLERS!!! Quote Link to comment Share on other sites More sharing options...
Sam Odom Posted December 5, 2017 Report Share Posted December 5, 2017 next hurdle 15000 Quote Link to comment Share on other sites More sharing options...
Dingo Posted December 5, 2017 Report Share Posted December 5, 2017 Go BTC goCongrats all Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 Some dude from the Motley Fool sent GBTC crashing talking about how the coming BTC futures market would hurt the fund. I knew it would happen too, but decided to watch it today, and didn’t have stop loss in place. Was planning to get out before the 10th...didn’t expect everyone jumping ship today. Got in at at $475 and more under $1000 so still made out ok...held 5 just in case, but damn. I guess in the big picture not end of world, but was hoping not to have to pay tax on gains til next year. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 Of course GBTC now starts to rebound..was down about 25 percent earlier. ..hey Mike or anyone...how do you see the futures market affecting BTC? I keep reading how a bunch of big money will short it down to nothing, because they don’t actually have to buy the BTC. Is that really a likely scenario? I want to be prepared....unlike this morning...Positive effect? Negative? None? Quote Link to comment Share on other sites More sharing options...
JTGAMBLE Posted December 5, 2017 Report Share Posted December 5, 2017 Follow your heart IAG. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 Follow your heart IAG.I’m conflicted. Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted December 5, 2017 Report Share Posted December 5, 2017 I guess in the big picture not end of world, but was hoping not to have to pay tax on gains til next year. don't you mean pay extortion on gains? Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 don't you mean pay extortion on gains? Yes. Fokkin Legion of Enforcers!! 4000 communist extortionist per one tax slave? I like your chances. Transfer ur BTC from wallet to another and claim capital loss lolol.....Trevon James knows. Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted December 5, 2017 Report Share Posted December 5, 2017 Of course GBTC now starts to rebound..was down about 25 percent earlier. ..hey Mike or anyone...how do you see the futures market affecting BTC? I keep reading how a bunch of big money will short it down to nothing, because they don’t actually have to buy the BTC. Is that really a likely scenario? I want to be prepared....unlike this morning...Positive effect? Negative? None? Futures will not make BTC go down. It may reduce volatility as more participants enter, making it a more liquid market. It will affect GBTC negatively. That trades at a premium now and as it gets easier to participate via futures, that premium will get smaller for sure. If you hold GBTC, you should replace that with futures when they come out, assuming there's still a premium in GBTC relative to its underlying value. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted December 5, 2017 Report Share Posted December 5, 2017 I just liquidated everything. I'm all fiat right now. I think we're going to get a sell off shortly. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 Futures will not make BTC go down. It may reduce volatility as more participants enter, making it a more liquid market. It will affect GBTC negatively. That trades at a premium now and as it gets easier to participate via futures, that premium will get smaller for sure. If you hold GBTC, you should replace that with futures when they come out, assuming there's still a premium in GBTC relative to its underlying value.Thank you SS....makes me feel better.,.but why are so many saying (even BTC enthusiasts) that this will hurt BTC price? Some saying will drop to 4K short term? Am I just happening to hear all the doomsayers? Quote Link to comment Share on other sites More sharing options...
JTGAMBLE Posted December 5, 2017 Report Share Posted December 5, 2017 SlimShady works for UBS. Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted December 5, 2017 Report Share Posted December 5, 2017 Thank you SS....makes me feel better.,.but why are so many saying (even BTC enthusiasts) that this will hurt BTC price? Some saying will drop to 4K short term? Am I just happening to hear all the doomsayers? They don't understand things. Do you know if they are listing futures only or options as well on the exchanges? GBTC will get hurt for sure as the premium it currently trades at will get sucked out due to futures being easily tradeableSlimShady works for UBS. UBS or UPS?? Quote Link to comment Share on other sites More sharing options...
raiders72001 Posted December 5, 2017 Report Share Posted December 5, 2017 Mariah Carey and others giving a 15% discount to those purchasing items with Monero XMR. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 They don't understand things. Do you know if they are listing futures only or options as well on the exchanges? GBTC will get hurt for sure as the premium it currently trades at will get sucked out due to futures being easily tradeable UBS or UPS?? I’m not sure. I was thinking it was only futures, but when I quick googled to check looked like it might be both. I’ll look some more and get back to you. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 Mariah Carey and others giving a 15% discount to those purchasing items with Monero XMR.About the only top coin I don’t have....sold at $120ish...bought at 90..thought I was doing ok. Lol. ...not that I can imagine buying anything from Mariah Carey. Quote Link to comment Share on other sites More sharing options...
JTGAMBLE Posted December 5, 2017 Report Share Posted December 5, 2017 Where did you shop in Denver IAG? Quote Link to comment Share on other sites More sharing options...
JTGAMBLE Posted December 5, 2017 Report Share Posted December 5, 2017 I like Park Meadows. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 I’m not sure. I was thinking it was only futures, but when I quick googled to check looked like it might be both. I’ll look some more and get back to you. Edit....appears options will be available Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 Where did you shop in Denver IAG?Usually Aurora Mall if needed nothing special..it was closest....for Christmas shopping -Cherry Creek or Park Meadows. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 I like Park Meadows.I do too. Nice food court also. Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted December 5, 2017 Report Share Posted December 5, 2017 Edit....appears options will be available BTC will stabilize and have less volatility for sure. Would be interesting to see how expensive these options are. I would guess if BTC is 12000 now, the January 2019 12000 call that is little over a year out would be in the 3000-4000 range. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 BTC will stabilize and have less volatility for sure. Would be interesting to see how expensive these options are. I would guess if BTC is 12000 now, the January 2019 12000 call that is little over a year out would be in the 3000-4000 range. Damn. I like the volatility. You are speaking Greek to me Slim! But futures start on the 10th so will know soon I guess. Quote Link to comment Share on other sites More sharing options...
IAG Posted December 5, 2017 Author Report Share Posted December 5, 2017 This is some funny stuff Quote Link to comment Share on other sites More sharing options...
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