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53532844 No.53532844 [Reply] [Original]

GBTC is clearly the way to get cheap Bitcoin 40% off without taking on substantial risk. Wtf is everyone's problem?

>> No.53532857

>>53532844
Whatever, just buy link while its still cheap

>> No.53532892

>>53532844
not ____ ____ not ____ _____

>> No.53532905

>>53532844
This isn't BTC. No idea why anyone would want exposure to a centralized BTC trust that won't post proof they have any of the reserves they claim they do. Massive red flag

>> No.53532972

The SEC will never allow a Spot BTC ETF to exist, so you'll never be able to get real BTC from your GBTC. And you have to pay a 2% annual fee for holding GBTC.

>> No.53532989

>>53532857
Nice try baggie. Best I can offer is $1

>> No.53533470

>>53532905
>No idea why anyone
things that are legally prohibited from buying spot btc on exchange
like pension funds with the tax advantage and stuff like that, not for us neet investors we are unrestrained in how we burn our money

>> No.53533488

>>53532972
>2% annual fee
How can they possibly justify this

>> No.53534885

>>53532844
>Wtf is everyone's problem?
GBTC is DCG and they signed the closed door NYA back in 2017.
They're hostile to the Bitcoin network and failing because of it.

Whenever you see craig posting and anti-blockstream stuff it's because of retards like Barry.

So never invest in GBTC it's dogshit.
Just let them liquidate and those coins can go towards a better cause.

>> No.53534910

>>53532972
>The SEC will never allow a Spot BTC ETF to exist
This^

https://www.whitehouse.gov/nec/briefing-room/2023/01/27/the-administrations-roadmap-to-mitigate-cryptocurrencies-risks/

>While congressional action in these areas would be welcome, Congress could also make our jobs harder and worsen risks to investors and to the financial system. Legislation should not greenlight mainstream institutions, like pension funds, to dive headlong into cryptocurrency markets.


FUCK GBTC THEY'RE NIGGERS.

>> No.53534947

the time to play gbtc was years and years ago.
late comers like sue chew tried to play the game and got demolished by the discount, which took their entire money printing operation down.

there's no value in a -40% paper bitcoin when they're stealing 2% a year doing nothing and managed to gamble away large amounts of capital looking for yield through the aforementioned degenerates

>> No.53535083
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53535083

>>53532844
>GBTC is clearly the way to get cheap Bitcoin 40% off without taking on substantial risk. Wtf is everyone's problem?

The shit part is the fees are 2% of NAV, so roughly 4% when the discount is ~50%.
So your bet is these fags get the approvals sooner rather than later. If it takes 5 years you only get a 25% discount less fees and didn't get to hold the BTC yourself.