Bitcoin Price Thread

S2007S said:
Can someone tell me how one can short GBTC? I tried and cannot but this guy says he's shorting it because of the extreme NAV...How is anyone finding shares to short with such low liquidity in this investment vehicle?????





His tweet proved ill-timed, as the premium expanded further throughout the trading day, closing at roughly 101% more than the value of its underlying bitcoin. But even if he was wrong for the day, it's my view he's right: Shorting Bitcoin Investment Trust when it trades for high premiums can be very profitable if done correctly.

Shorting the premium, not the bitcoin
Left's trade is relatively simple. By shorting Bitcoin Investment Trust and buying bitcoin futures, whether bitcoin goes up or down in value is mostly moot. What matters is whether Bitcoin Investment Trust's premium falls at a faster rate than the premium on the futures.


https://www.google.com/amp/s/www.ya...-left-bitcoin-investment-trust-130000433.html
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You can short a call on RIOT and you could blow up. Not a prediction, just a warning.
 
So do we actually know now if the futures have any effect on BTC's price? Can a HF mess around and move BTC's price by buying/selling large amount of futures?
 
If Bitcoin every did hit $1 million advanced hackers would invent a hack to steal even the offline wallets. Where do people come up with these predictions other than out their a$$. Bitcoin 1 million is like the cap of Apple 25X, a company making $60 billion a year in profits. Bitcoin was .0007 a share 9 years ago.

The freefall continues. Bitcoin broke previous lows. All other alt coins also tumbling. Parabolic blow off top. RETAIL JOE!!!!! If you bought a month ago and sold congrats. Anyone who bought in the last week or is holding is going to wish he never heard of Bitcoin. Many people leveraged their entire net worths to buy the ponzi scheme. Sad, so sad.
 
covelite said:
Litecoin Creator Charlie LEE sold ALL of Litecoin with 9300% profit .

http://www.gorket.com/2017/12/20/litecoin-founder-cashes-out-sells-entire-stake-after-9300-rally/
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When the founder dumps his entire position at the top. :) Doesn't get anymore parabolic top than that. What a fortune this guy made selling at the top to retail fools. Litcoin went from 370 to 290 in the last 24 hours. Congrats Mr Founder!!! I like how he said he donated all proceeds to charity. LMAO What a crock of shiz!! He said that to avoid prosecution. These cryptos are the biggest pump n dumps in the history of mankind. $700 billion market caps as a whole and it took less than a year to achieve that. I'm short Bitcoin from 19000. Will cover at 13,700.
 
15,600ish is support then nothing till 13,500 ish and then nothing till 9500 so we could see 9500 by Sunday with freefall in motion. Every dip gets bought by retail thinking he's getting a discount then big money unloads. All spikes sold into. The founder of Litecoin selling at peak is a "YUGE" warning signal for the rest of the group. Founder of Litecoin, if we apply 5% ownership walked away a billionaire, so when I hear he donated all proceeds to charity I know he's full of it. The man is a guru. Not hating! He played it perfectly. My beef is him saying it still has more upside and he donated all to charity. Shame on you
 
Just read that $630,000,000 worth of bitcoin has been hacked since it began in 2009.....that's right over a half billion of dollars gone in magically delicious coins....another reason Bitcoin will never be a currency....
 
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