The Grayscale trusts are crushing it and they're just getting started
If prices hit the forecasted projections I could be up close to 1Million in profit by 2025
These should have been bought in the bear market around March 1 2023 to maximize profit. Now I see how the 4 year cycle runs. Bitcoin halving is 3 weeks away. Bitcoin Cash halving is somewhere around 4/6 I think.
Notably LTCN and BCHG . Actually BCHG is up over 4000% since 3/1/23 sitting at $16 and has a PT of $100 plus
ZCASH hasn't blasted off yet. ZCASH ranks #14 on the list of 15 trusts and is up 377% since 3/1/23. That's right , 13 funds are ahead of that pace. [Reply]
Originally Posted by FD:
Its customer base is almost entirely composed of criminals and goldbug ideologues, which to me suggests its not very sustainable. Its an interesting experiment, though.
IT IS interesting revisiting the first few pages of this thread [Reply]
Originally Posted by Jewish Rabbi:
If it makes you feel better, there’s an almost 0% chance you would have held for the last 11 years.
It doesn’t but you are right and I know that deep down. Especially me. I’m such a safe little bitch. I would have sold the instant my investment tripled and been kicking myself even worse than I am now. [Reply]
Originally Posted by teedubya:
I have 25 bitcoins that I've been playing with... bought a few months ago for around $10... I took a $250 risk and now it's worth over $2500.
I love the concept of it, since I hate the greedy international bankers in control of the central banks, fractional reserve banking, and fiat currency.
This guy right here built a successful business and became a millionaire, then he got into Crypto and the Grayscale trusts. He expects to be worth over 1 Billion a the end of the current bull run. The mansion you see in the background was bought solely from profits from LTCN during the last bull run.
Here he gives some good advice about handling bank accounts and your big money.
Originally Posted by Hog's Gone Fishin:
This is where the moneys at
Careful with Grayscale. They are colluding with Blackrock to dump all their Bitcoin so Blackrock can buy them. You need to have real Bitcoin and not these paper Bitcoins.
Only 900 Bitcoin are produced daily (450 after the halving). Blackrock and the other ETFs are buying 12K per day. There simply isn't enough supply. Thus the parabolic price increase. [Reply]
Originally Posted by Pinchshot:
Careful with Grayscale. They are colluding with Blackrock to dump all their Bitcoin so Blackrock can buy them. You need to have real Bitcoin and not these paper Bitcoins.
Only 900 Bitcoin are produced daily (450 after the halving). Blackrock and the other ETFs are buying 12K per day. There simply isn't enough supply. Thus the parabolic price increase.
I don't own any GBTC, that's the only one it may affect, correct ?
While this has been known, it looks like GBTC has still been going up. [Reply]