There was a reason lol ... thnx guyzhttp://uk.businessinsider.com/gbtc-bitcoin-investment-trust-stock-price-popping-after-91-for-1-split-2018-1?r=US&IR=T …
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Why would you split 91 for one now? Seems weird to me.
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Maybe the split, causing a rush to buy in, will inflate the fund price and inform the BTC price the way the futures market has.. BTC pump
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Maybe. I'm just struggling with the seemingly arbitrary ratio and why it's so damn high. Seems like a heavy amount of dilution for the very first split in it's history
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Makes it psychologically more “affordable” for buyers.. was inevitable given BTC growth in 2017
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It’s called a stock split
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And I do not recommend anyone investing in it, you are better off buying the real thing. It’s only good for day trading.
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Some people do not want the risk of holding the real deal on exchanges or trust themselves with keys etc.
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Good point, as long as you understand the premium being paid
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You will also sell at a premium (hopefully) when u cash out
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Some of us collect the barrow on it as well... It's over 900% annualized as of today.
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Nice strategy...so you short the stock and you go long on bitcoin as hedge?
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Or you mean..you long the stock and the broker pay you the stock barrow if you lend them to the shorters?
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Split 91 for 1....
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It's a brilliant move, at least for the short term
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dat
$GBTC split
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unit bias
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