I purchased 50 shares yesterday using a limit order, it was fulfilled at $297. It opened at $250 and quickly climbed to well over $300 per share this morning I see it is over $328 per share this should be a smart play for anyone wanting exposure to crypto without actually having to buy in and choose a currency.
^I am not, and have not looked into buy grayscale. I buy the tokens which they have positions in except bitcoin. i know you can buy percentages in bitcoin, but i think its similar to buying a super car in payments. you are better off buying a toyota cash then being levered in a super car.
So then you are aware that your coins lag the actual price by a percentage equal to a brokerage and an advisory fee, so the value you own is less than if you took a position, and bought shares on Coinbase. Understanding all of that where is the advantage to owning Greyscale tokens, better to buy your crypto directly
Jes sayin.
has anyone took profit from their bitcoin, and actually paid off their house and cars and home improvements like it did in stocks, my only bill is food
^ You’re right my limit order was fulfilled at $328 when I typed this I had some wrong information but it was corrected and I straightened it out
It was originally supposed to have opened at $250 and I just left the order with my broker I expected it to open in the $280s I was wrong as a result I made a stupid assumption but it’s now correct
Meanwhile, the boring old S&P 500 is up 65% from its bottom a little over 12 months ago. I’m content to stick with my index funds for a consistent 10% average return over the last century. That’s enough to get rich slowly. There will always be those who believe their superior intellect will allow them to get rich quickly. Sometimes that works. Most of the time, it fails miserably.
^ where did that come from ?
What is wrong with a person buying into a new concept, do you own Google or Apple or Microsoft this has the potential to be just as revolutionary.
I was going to buy synthetic shares thru Mirror Protocol but they're not releasing until the 19th or so. I can use the synths to provide liquidity and get swap fees on my shares, although I expose myself to impermanent loss if COIN spikes too much
Twentyfive I applaud your venture into crypto. But I think the better value play is in BTC or ETH itself. Coinbase is riding the wave of the crypto movement and is probably a decent short term trade. Its hard to get excited about their bottom line and if you really belive this is ground floor of the future then just get it into crypto.
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^^^ here is da RickDugan favorite shitcoin dat he tries greasing bouncers with 😂
You are aware the you can only invest ion that medium if you’re accredited
Jes sayin.
Is not America great!
Bunch of tulips is what it is
It was originally supposed to have opened at $250 and I just left the order with my broker I expected it to open in the $280s I was wrong as a result I made a stupid assumption but it’s now correct
What is wrong with a person buying into a new concept, do you own Google or Apple or Microsoft this has the potential to be just as revolutionary.