I Own Grayscale Bitcoin Trust, but It May Not Be Right for You


  • 188
  • 0
  • 3.178
  • Reply

  • rollandthomas

    Published on Feb 16, 2021
    About :

    I can't take credit for the title as I got the title from a Motley Fool article. You see, if I feel like my clone wrote this article because what was discussed in the article happened to me down to the last word.

    I was the one originally hating on Grayscale because of their premium. This Grayscale Bitcoin premium is the percentage of the Bitcoin price implied by GBTC shares trading above the Bitcoin spot — the difference between the market price of GBTC and its net asset value (NAV). But with increased competition coming, the premiums have come down a lot.

    Nevertheless, as long as I see the Smart Money continue to buy GBTC, I will hold my position...as my target for GBTC is $100.





    I’m a supply and demand trader. The premise of supply and demand trading is when the market makes a sharp move up or down the large institutions i.e banks/hedge funds are not able to get their entire trade placed into the market, leaving pending orders to buy or sell at the zone with the expectation the market will return to the zone and the rest of their trading position will be filled.

    I use multiple time frame (MTF) analysis to improve my discretionary trading decisions. MTF analysis involves analyzing the same asset on multiple time frames. The rule of thumb when using MFT is you want your charts to scale down/up by 4X – 6X. In my case I tend to look at:

    Monthly Charts (curve time frame) – which represents that jet fighter flying over the football stadium.
    Weekly Charts (trend time frame) – which represents the concession stands looking down at the field.
    Daily Charts (entry time frame) – which represents being on the football field with the player.
    4 Hr Charts (entry time frame) – which represents the center hiking the ball to the quarterback.

    Tags :

    leofinance bitcoin grayscale cryptos pal

    Woo! This creator can upvote comments using 3speak's stake today because they are a top performing creator! Leave a quality comment relating to their content and you could receive an upvote worth at least a dollar.

    Their limit for today is $0!
    Time until rollandthomas can give away $0 to their commenters.
    0 Days 0 Hours 0 Minutes 0 Seconds

    To comment on this video please connect a HIVE account to your profile: Connect HIVE Account

    More Videos
    2 views 8 months ago $
    0 views 9 months ago $
    1 views 4 months ago $