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11 sats \ 2 replies \ @gmd 19 Oct 2021 \ on: Grayscale Files To Convert $38 Billion Bitcoin Trust To Spot ETF bitcoin
HOPEFULLY this closes the 20% discount to NAV which was as high as a 40% premium back in December.
https://static.seekingalpha.com/uploads/2021/10/19/saupload_cap.png
( https://ycharts.com/companies/GBTC/discount_or_premium_to_nav ) May or may not have FOMO'd an uncomfortable amount of IRA savings into this when it was in the 50's... 😂 it's been a rough several months
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11 sats \ 1 reply \ @k00b OP 19 Oct 2021
I've been wanting to covert my IRA since 30k! Been too busy though. Missed those sweet retirement gains entirely
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11 sats \ 0 replies \ @gmd 19 Oct 2021
hah! Think I got in at the bargain price of 51k... so still underwater... hopefully next week we'll see some time in the black. Should have DCA'd instead of YOLOing in. Was before I discovered the technical analysis guys. 😭
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