flyingpylon wrote: ↑Mon May 24, 2021 6:47 am Just a heads-up for anyone with some IAU. They did a 1-for-2 reverse split effective 5/24/2021.

Yeah! I noticed +100% premarket and thought it was a glitch.
So, what that split means for us holders?

glennds wrote: ↑Thu Apr 08, 2021 3:15 pm
I'm not saying this will happen, but please someone tell me why it can't or won't.

In the US they did with gold... Can happen again... with gold... or crypto.

Has anybody here researched or gamed out the regulatory risks to BTC or all cryptocurrencies for that matter? By this I mean, what might happen if the US government, or a coalition of governments take the position that crypto is a destabilizing threat. This could happen in the context of another fi...

buddtholomew wrote: ↑Fri Apr 02, 2021 9:28 am

Ugly_Bird wrote: ↑Fri Apr 02, 2021 9:28 am

buddtholomew wrote: ↑Fri Apr 02, 2021 9:26 am

Ugly_Bird wrote: ↑Fri Apr 02, 2021 9:25 am GBTC is not tracking today. Is it kaput? :-)

Market holiday for Good Friday

Ah! Everything else is not tracking too

Haha, yes...day off

Not for real crypto though. Crypto never sleeps :-)

buddtholomew wrote: ↑Fri Apr 02, 2021 9:26 am

Ugly_Bird wrote: ↑Fri Apr 02, 2021 9:25 am GBTC is not tracking today. Is it kaput? :-)

Market holiday for Good Friday

Ah! Everything else is not tracking too

GBTC is not tracking today. Is it kaput? :-)

If Bitcoin is banned it will be hard to sell bitcoin, that is clear. Folks investing in bitcoin should be prepared for such an event. It is nice to return your money before it happens. E.g. if it doubles just sell the half. And let the rest be (or keep selling the half when it doubles). No risk to ...

doodle wrote: ↑Fri Mar 12, 2021 2:32 pm Seems like bitcoins obsession in becoming a pricy speculative asset has undercut it's more interesting mission in becoming a viable means of marketplace exchange.

Sounds like about gold :-)

Fxaix is an excellent SP500 fund. Personally I’d stay away from total market funds. They have a ton of crap companies in them. If someone wants to add mid and/or small cap buy a fund that is based on the sp400 and/or sp600. Head on over to portfolio visualizer and run Russell vs. S&P index fund...

Thank you for your reply Bonds are great to buy on Fidelity, but if you ever want to sell them without having to spend an hour or two on the phone, make sure to buy in lots of at least $10,000 (Face value). Also, having part of your bond allocation in FNGBX (mutual fund) gives you a nice mix of puri...

I still don't believe in it but my very small slice of gbtc is up 30% since I bought it last week. Yes, finally GBTC is doing better after the premium sunk. At what price you are planning to start selling it? I will probably sell half if it doubles. Every day has been up day since I had it. Sure fe...

whatchamacallit wrote: ↑Thu Mar 11, 2021 2:12 pm I still don't believe in it but my very small slice of gbtc is up 30% since I bought it last week.

Yes, finally GBTC is doing better after the premium sunk.
At what price you are planning to start selling it?

Hello fellow PPs, Could you please help me with choosing possibly better funds for PP? Currently, my Fidelity brokerage mostly has SHY and IAU, while Fidelity IRA has TLT and IVV. For fresh money addition to both Fidelity Brokerage and Fidelity IRA accounts: 1) Is there better alternative to TLT? An...

GBTC is currently at negative premium, about -8%. So "could" be a good time to buy. Or the days of 20,30,40% premium are over and end of an era. I bought it right before it lost fat premium. Now it keeps eroding. How it could be 40.5 when BTC is at 48k ? Arrrh :-( As long as GBTC and Gray...

bitcoininthevp wrote: ↑Thu Mar 04, 2021 10:29 am GBTC is currently at negative premium, about -8%. So "could" be a good time to buy. Or the days of 20,30,40% premium are over and end of an era.

I bought it right before it lost fat premium. Now it keeps eroding. How it could be 40.5 when BTC is at 48k ? Arrrh :-(

I Shrugged wrote: ↑Mon Mar 01, 2021 4:07 pm The more bad things Janet Yellen says about bitcoin, the more you should think that it is good. I don't own any but that point should be obvious as heck.

Hah! It makes sense :-)

I just don't want to put money into something that they're going to quash. And there is a good chance they will. If they cannot control it they destroy it... or at least try. Remember how gold was ones confiscated? :-) i’m not quite that old. O0 Neither am I. But HBPP book mentions that in the chap...

dualstow wrote: ↑Mon Mar 01, 2021 11:58 am I just don't want to put money into something that they're going to quash.

And there is a good chance they will. If they cannot control it they destroy it... or at least try.
Remember how gold was ones confiscated? :-)

dualstow wrote: ↑Mon Mar 01, 2021 10:22 am could be / I hope so.

If Bitcoin is "digital gold" and it crashes, the direction the sell-off money would follow is obvious. Or ... maybe not :-)

dualstow wrote: ↑Mon Mar 01, 2021 9:56 am And, I think it’s a very real thing that btc inflows are hurting gold inflows.

It is probably the case, but next time Bitcoin crashes 70-80% (and it will as the part of 4 year halving cycle) gold should catch up when it happens.

I’ve read some studies showing a 1% allocation to Bitcoin and 99% to cash has had crazy good returns with great sharpe ratios. 90% bitcoin and 10% cash is better :-) I decided to stick to 80%/10% works OK so far. Rebalanced at 54k recently, the next one should be at112k It is important to be conser...

vnatale wrote: ↑Sat Feb 27, 2021 11:23 am you'd have had to achieved nearly 900% return on Bitcoin?

That's pretty humble for BTC. From recent trough at $3200 to recent high at $58000 or so it was about 1800%
And $58k most likely not the limit. After reaching the max it will crash again loosing 70-80%.

bitcoininthevp wrote: ↑Fri Feb 19, 2021 12:45 pm Also you can roll your retirement account into a 401K that you form (w/lawyer, etc) and buy actual BTC and hold it if youd like as well.

If just for that purpose then it is OK. But in general rollover from IRA to 401k doesn't make sense. Usually ERs there are crazy.

The recent gold decline has caused the value of my PP to fall below a leading digit threshold in my retirement account. >:( >:( I think PP should have a small fraction of crypto. It would help when crypto skyrocketing but work as before when crypto will crash. Added GBTC to my IRA. So far tt helps ...

whatchamacallit wrote: ↑Fri Feb 12, 2021 10:03 pm Being able to buy bitcoin in a retirement account seems like a game changer more than the ETF itself. A lot more purchasing power in retirement accounts I would imagine.

Not an ETF but GBTC works pretty well in my IRA so far :-)