Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Biodom (1)
I dabble in GBTC because I can trade it in IRA and the realized gains are not taxable (that is, until I take $$ from the account).
If i can simplify @fillipone's great thread it would be that I invest in GBTC to "gorge" on the increased premium during the bull run.
During the last bull market premium topped 100% at least a couple of times.
If something similar would happen again, it would outperform btc in $$ terms.
That said, it's not a major position for me.
If i can simplify @fillipone's great thread it would be that I invest in GBTC to "gorge" on the increased premium during the bull run.
During the last bull market premium topped 100% at least a couple of times.
If something similar would happen again, it would outperform btc in $$ terms.
That said, it's not a major position for me.
Well, I think that I would do the same if I were in the position to trade net of taxes.
Better pay taxes tomorrow, rather than today. And I am sure that If my Tax burden is BIG enough, at the end eventually someone will find the way to avoid that (funny): maybe defaulting on a GBTC - collateralised loan from my bank? Everyone would be happy!
But, wait! we should be discussing this on that thread, not here!
^^ Nice wall of text JJ!
<....Link to a Wall of Text>
<....Link to a Wall of Text>
Holy fuck!!!!
Your walls of text, fillippone, surely put my relatively non-substantive and insufficient walls to shame.
I feel so little (on behalf of my walls)... relatively speaking.
Just like Boxer (referring to Animal Farm) I must try harder.
There, it took a while to search for it, JJG
Wait actually that is unfair, they don't compare. fillippone's English is very good, and his content too.
JJG3: #rekt in Italy
I think I just joined the WO family, It was maybe a reaction to my first post here, and @Last of the V8s compared our WoT's!