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Speculation
Re: The $GBTC Wall Observer
by
David Rabahy
on
08/05/2015, 20:47:43 UTC
So, I have a Roth IRA account where I could sell Visa
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1431117137729&chddm=127346&chls=IntervalBasedLine&q=NYSE:V&ntsp=0
which has done very well for me since 1/21/2014 (time to take profits; nothing goes up forever) and use the proceeds to purchase GBTC right away (avoiding the headache/delay of purchasing BIT shares at NAV). In my mind Visa was a hedge against my Bitcoin investments and it isn't clear to me yet that it is time to go all in (or rather just more in) for Bitcoin.
*If only* I could purchase BTC (as opposed to GBTC) within my Roth IRA account. Perhaps I should renew my efforts to figure out one of those "checkbook IRA" deals, e.g.
http://www.broadfinancial.com/self-directed/self-directed-ira-16
.
Btw, I felt it was wrong to use Western Union
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1431117318203&chddm=496179&chls=IntervalBasedLine&q=NYSE:WU&ntsp=0
as a hedge.