The premium went down and up. I bought some on Friday and was thinking to sell some early morning, but Inaction won.
Trend matches but micro level mismatches exist. Also Bitcoin is 24/7, so GBTC sometimes react with a delay.
GBTC is almost like a stock and the price flutiates based on people’s psychology. Since SEC is not approving Bitcoin ETF for now, I think the premium may stay
Day trading will not make a difference to your life. Need to go “all in” to make drastic changes.
Crypto is for speculation only. Just buy some litecoin last week, forget about it, do an all-in with a flip deal. Hope your litecoin go to the moon after 2 years
Ok what the heck… no one is a true believer here. Bitcoin has ways to go… 
Bingo. You are inching towards nirvana.
I think we’re missing the real boat. There’s seriously money to be made running a website that exclusively focuses on cyrpto currencies. You have people write articles, post video interviews, etc. Make a crypto news network. I bet you’ll make even more money once they start to crash, because views will go through the roof. No matter if the stuff goes up or down, you’ll make money.
That’s right! 
Had I got that idea by the beginning of this year 2017, now I will have 10x (10 bay area homes !). I bought GBTC for $235 first time and it is almost $2336 !
Missed the boat !
Um… not too late. If you dump your entire networth into crypto right now and it increases another 10x next year, then you’ll get your 10 homes!!!
That’s the point I am making. This arbitrary ‘premium’ essentially negates any correlation between bitcoin price and GBTC price. E.g. I have observed BTC increase in value during the period market was closed from one day to next and BTC went down after opening while BTC was still increasing. And, of course, I have observed the reverse as well. Now, just because the tide is rising, you can of course say that while I was making all these observations, the prices of both BTC and GBTC increased and I missed the boat 
I am also not disagreeing with the approach to gamble a little play money and have fun. Just that right now, it seems to me that BTC and GBTC seem to be 2 different bets (roulette vs magic wheel) on the same casino floor. Though both have a spinning wheel, they are different games 
Extending the analogy, Litecoin, Ethereum etc are other games on the floor!
That’s right… if you are confident that it won’t implode until January of 2019, then you have 12 more months to make it right!
Ask yourself …would increasing your net worth 10 times really change your life. And compare that to losing everything? And frankly the later is more likely
However that’s what prevented people to become really rich in the first place…
The difference between being really rich and comfortable is huge. The leap from $10m too $100m is a 100 to one shot
Yet 99% would live very well at $10m
It is gambling nothing else. Most bitcoin buyers are no different than lotto players. Maybe one will become a billionaire… the rest will remain losers…
When I am in, my prediction would be wrong. When I am out, my prediction will be right !
What kind of logic is that???
Compare to gambling world wide
