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[ Bitcoin ] GDLC stock is overpriced, guys be careful, 40% up today while GBTC is at correct price

[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by chikva1 [link]
Grayscale again has too high premium, investors should be careful
The ETHE stock is even more overpriced, costs 90 USD, which is 200% higher than the real price of 1/10 of ETH
https://grayscale.co/digital-large-cap/
chikva1 your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
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07-30 16:25 - 'GDLC stock is overpriced, guys be careful, 40% up today while GBTC is at correct price' (self.Bitcoin) by /u/chikva1 removed from /r/Bitcoin within 5-15min

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Grayscale again has too high premium, investors should be careful
The ETHE stock is even more overpriced, costs 90 USD, which is 200% higher than the real price of 1/10 of ETH
[[link]2
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GDLC stock is overpriced, guys be careful, 40% up today while GBTC is at correct price
Go1dfish undelete link
unreddit undelete link
Author: chikva1
1: graysca**.co/digita****rg*-cap* 2: *r**scal*.co/di*it*l-larg*-ca*/]*^1
Unknown links are censored to prevent spreading illicit content.
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Bitcoin News Today 2020: New Stock-to-Flow Forecast Puts Average Bitcoin Price at $288,000 by 2024.

Bitcoin News Today 2020: New Stock-to-Flow Forecast Puts Average Bitcoin Price at $288,000 by 2024. submitted by Lumin8_Crypto to btc [link] [comments]

Bitcoin News Today 2020: New Stock-to-Flow Forecast Puts Average Bitcoin Price at $288,000 by 2024.

Bitcoin News Today 2020: New Stock-to-Flow Forecast Puts Average Bitcoin Price at $288,000 by 2024. submitted by Lumin8_Crypto to Bitcoin [link] [comments]

Price Stock Quote Markets Bitcoin Today and Weekly

submitted by amsadad to u/amsadad [link] [comments]

Bitcoin News Today 2020: New Stock-to-Flow Forecast Puts Average Bitcoin Price at $288,000 by 2024.

Bitcoin News Today 2020: New Stock-to-Flow Forecast Puts Average Bitcoin Price at $288,000 by 2024. submitted by Lumin8_Crypto to Crypto_Currency_News [link] [comments]

Today in Bitcoin News (2017-10-10) - #HCPP17 - Bitcoin Price, Crash, Stocks and Celebrities - Nice Bitcoins

Today in Bitcoin News (2017-10-10) - #HCPP17 - Bitcoin Price, Crash, Stocks and Celebrities - Nice Bitcoins submitted by jaminjorma to AllThingsCrypto [link] [comments]

Jamaican Stock exchange to launch pilot trading of Bitcoin (BTC) and Ether (ETH) - Bitcoin Latest News Updates & Price Today | BlockOneDaily

Jamaican Stock exchange to launch pilot trading of Bitcoin (BTC) and Ether (ETH) - Bitcoin Latest News Updates & Price Today | BlockOneDaily submitted by skyrbs to CryptoCurrency [link] [comments]

Jamaican Stock exchange to launch pilot trading of Bitcoin (BTC) and Ether (ETH) - Bitcoin Latest News Updates & Price Today | BlockOneDaily

Jamaican Stock exchange to launch pilot trading of Bitcoin (BTC) and Ether (ETH) - Bitcoin Latest News Updates & Price Today | BlockOneDaily submitted by scgco to GGCrypto [link] [comments]

Get into crypto, they said. We’ll be rich, they said.

Get into crypto, they said. We’ll be rich, they said. submitted by HASTOLEAVEAIRPORT to CryptoCurrency [link] [comments]

The Dowcast prediction algorithm backing bitcoin was accurate today.The prediction algorithm for AKG's daily stock price is now officially backing Bitcoin and today was the algorithm's first day as a digital form of gold that backs crypto.

The Dowcast prediction algorithm backing bitcoin was accurate today.The prediction algorithm for AKG's daily stock price is now officially backing Bitcoin and today was the algorithm's first day as a digital form of gold that backs crypto. submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

In the stock markets today, there are good companies that are overpriced and there are worthless companies that are overpriced. If you are going to be a fool and pay absurd prices because you think that a greater fool will appear in the future, make sure you buy a goat and not a monkey. /r/Bitcoin

In the stock markets today, there are good companies that are overpriced and there are worthless companies that are overpriced. If you are going to be a fool and pay absurd prices because you think that a greater fool will appear in the future, make sure you buy a goat and not a monkey. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How to buy Bitcoin price chart - bitcoin stock today Information Technology

submitted by BitcoinAllBot to BitcoinAllTV [link] [comments]

How to buy Bitcoin price chart - bitcoin stock today Information Technology

How to buy Bitcoin price chart - bitcoin stock today Information Technology submitted by BitcoinAllBot to BitcoinAll [link] [comments]

So Japans stock market crashed today and European stocks are falling soon, how does it affect the bitcoin price

submitted by 908 to Bitcoin [link] [comments]

Tesla stock might surpass bitcoins current market price today. [1/14/15]

Tesla stock might surpass bitcoins current market price today. [1/14/15] submitted by bearnano to Bitcoin [link] [comments]

Mega Megathread 10/08

it's Monday pennystocks

https://preview.redd.it/w0u77wrhi4g51.jpg?width=500&format=pjpg&auto=webp&s=d85bb86d6404fa1f15233af9e680305e007ccd2e
August 10th, 2020
Here are the megathreads. Help us mods out by directing new users here. Posts that are general questions about specific stocks should go in here.
tickers :
TRVN
IDEX
HMHC
NAK
BOXL
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Daily Plays - August 03, 2020

What are your plays leading into open? Discuss and strategize here!
IMPORTANT: Downvotes are strongly discouraged.
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Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
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The Four Horsemen - Signs of Incoming Crashes, and things.

Hey y'all! I'm going to keep this brief, but I was asked by Mr. October to post this, since I briefly described this on a discord we're both in. I do a ton of market analysis, mostly on alternative data, so I don't have cool superpowers potentially, but I do fancy myself a good trendspotter.
I wanted to share what I call my Four Horseman metric in brief, and I will fill it in more later when I get back/free from the clutches of homework.
The Four Horsemen:
  1. Rapid plunge in BTC/USD - This is an interesting metric, and makes sense if you understand that BTC has evolved from a hedge to a speculation play, which is why it arguably moves in lockstep with SPY most days. However, an interesting property I and many others have noticed is BTC seems to be a leading indicator of market movements, and rapid climbs/plunges tend to signal an incoming correction. See the chart on September 2nd, 2020 for an example.
  2. NOPE_MAD >= 3 End of Day: NOPE, or Net Option Pricing Effect, in principle looks at how dominant options flow trading volume is on the market compared to the more conventional shares volume. When the NOPE_MAD (median absolute deviation) compared to the previous 30 days is 3 deviations higher than normal, this means a red day the next day about 88% of the time (backtested to Mar 2019). You can check NOPE_MAD intraday here - https://thenope.info/nope/default/charts/SPY/2020-10-13 (the URL changes per day, so tomorrow will be 2020-10-14)
  3. The VIX rising with SPY - This usually is part of the parabolic phase, and means a metric fuck ton of calls are being written, which is pushing up option prices across the board. Usually VIX is a measure of downies-volatility, so when it and SPY both go up, it's a Very Bad Thing. Also see September 2nd, 2020.
  4. Small Tech/Caps Leading Big Tech/Caps - This is a more interesting metric, and only makes sense when you understand what causes a Minsky Moment style correction (irrational exuberance). In a stable market, big caps tend to act as a source of strength/safe harbor, and when small caps are leading, this tends to signal intense bull mania, which usually precedes a correction.
Honorable Mentions:
  1. Microsoft going up parabolically - Microsoft is our favorite boomer stock for a reason - it is much more stable than AMZN or AAPL, and doesn't like large movements. I noticed anecdotally this year that right before all the big tech corrections (3-5 days out) MSFT goes up exponentially, often more than the rest of the market, because smart money is looking for safe harbor.
I'd be happy to answer any questions later!

Edit: Wanted to add some stuff given the comments below.
  1. I did not write this to predict a crash based on today's behavior, but to generally inform about a metric I use to detect Minsky Moment style crashes. For more info on that - https://en.wikipedia.org/wiki/Minsky_moment
  2. Lots of these indicators are new, and due in large part due to the relative fuckiness of the current market. Bitcoin and SPY did not track until this year, and I only noticed the Microsoft effect I mentioned since about 6/5 onwards. This likely also happens in other boomesafe stocks, but MSFT is by far my largest active trading position, hence why I noticed it.
  3. I will be adding a post soon specifically dedicated to the interpretation of NOPE and NOPE_MAD.
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Daily Discussion - June 15, 2020 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

Disclaimer:
Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Rules:
  • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
  • Discussion topics must be related to cryptocurrency.
  • Comments will be sorted by newest first.

To see prior Skeptics Discussions, click here.
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Get fucking long

Get fucking long submitted by TheCryptomath to Bitcoin [link] [comments]

Bitcoin Today Price - 28 October 2020 - YouTube Bitcoin  Chainlink  LINK BTC Price Prediction Analysis Today & MARKET NEWS  March 2020 Bitcoin Price Today - YouTube OCT 27 🚨 STOCK MARKET CRASH 2020 🚨 Free Bitcoin Price ... This week in Bitcoin

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Bitcoin Today Price - 28 October 2020 - YouTube

#Bitcoin #Bitcoin_Price #Bitcoin_Today More information: https://cryptodayprice.com Bitcoin Price Today - 28 October 2020 Bitcoin Price Today: 13738,63 US Do... Follow Bitcoin Price Today for DAILY short videos, market capitalizations, chart, rate... Disclaimer: Bitcoin Price Today doesn’t recommend holding, buy, or ... The Bitcoin price today is $ 13,001 USD - and the bitcoin news today is showing there is another stock market crash in the very near future, as the dow jones... 🔴 Watch Day Trading Live - July 15, NYSE & NASDAQ Stocks (Live Stream) Stock Market Today by TraderTV Live 2,948 watching Live now 5 Cheap Stocks to Buy Now! In this video I do an analysis and prediction of Bitcoins future price and forecast. I also do a price analysis of ChainLink (LINK BTC) today. I also do a price analysis of ChainLink (LINK BTC) today.

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