I don’t even own Bitcoin yet, only ether and litecoin. Hope the correction can push Bitcoin to a better price 
No one here ever said that.
As you can see, I am trying to educate myself on what’s going on :)
Blanks filled. Did I get all correct?
Thank you for the post. Was planning to understand it after a winner is more or less confirmed.
I think he meant it as an analogy rather than fill in the blanks… 
You are indeed clever like Newton!!!
Implying that I’m a retard who doesn’t understand his intention, which is a good thing according to WB as it says something about my financial acumen 
Well I don’t think my South Sea Company will be imploding any time soon… 
Can any of the crypto-currency investors/speculators here help me understand why GBTC is up 6% today when Bitcoin actually dropped 3%? 
Is the issue highlighted in this 6 month old article still not fixed?
GBTC resembles an exchange-traded fund in that it is passively managed and has been seeking to replicate bitcoin’s movement. It’s been around since May 2015 and is not listed on a major exchange, trading instead in the “pink sheets” or the over-the-counter market. The trust offers investors a rare chance to invest in digital currency without actually have to buy bitcoins.
However, the failure to replicate the price the way, say, the SPDR Gold Shares ETF accurately tracks the metal, is a problem that became especially acute earlier this year. Grayscale sought in January to make the trust a full-fledged ETF and was restricted from creating new shares.
This price discrepancy is not the fault of the fund’s managers, Grayscale Investments, a crypto-focused asset management firm. It is simply the result of the fund’s popularity. People have rushed to buy it in their brokerage accounts without realizing that they are grossly overpaying. The fund’s price is simply the product of supply and demand.
What makes this fund even more dangerous is that the Bitcoin Investment Trust is not even a regular stock. Instead it is traded “over the counter,” and there isn’t much liquidity. Even during this bitcoin boom, only about 71,000 shares trade each day.
Think of this as a crowded room with a narrow exit. If lots of people try to leave at once, you’ve got real problems. Meaning, if either bitcoin or the fund crashes, you may have trouble getting out of this investment quickly. And you may certainly have to take a big cut when you sell.
“Never miss out on a bubble,” advised the late Dan Bunting, an old friend and a successful money manager in London over many decades. “You’ll make the most money from the worst stocks.”
Met a guy on the ski lift today… Had some bitcoins in 2011. Sold them too early. Said they would have been worth $14m today… Soon as everyone is talking bitcoin the crash will be near… another guy recently offered a friend to pay rent with bit coin… this shit is a menace
That’s some strong words… 
Can we say the same about real estate???
Absolutely!!!
But real estate is old school… been there for a while. Also haven’t gone up much yet… start worry when your Sunset home is worth $3M… 
The hardest part of the game is to “get out before the whole thing comes crashing down”.
In other words no need to worry. 
Agree. See the article I posted about famous folks who thought they’ll get out in time before the crash!