GBTC announced a 91 for 1 stock split, making at about $20 a share if split at Friday's price. The split will take place on Jan 26.
https://www.yahoo.com/news/popular-b...153517999.html
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
I own a few shares and now it appears a few more. Im not sure I like the news.
I like it. Lots of small investors that want to get into crypto currency that don't have $2K for that part of their portfolio (or at all) will now be able to get in. Good for them, and good for the value of the stock.
That being said, there's a big gap from $1075 to $1200 from 11-24-2017 to 11-27 that hasn't been filled. That would be nearly a 50% pullback to fill that, which sounds crazy for most stocks but would only take a few days with how volatile this one is. There's also a 60 point gap to the upside from 12-19-2017 to 12-20 that is a similar distance away, so who knows. The stock jumps so much, it practically creates a gap every day.
Stop loss triggered on BTC and GBTC. Will looks fo re entry. Chinese New Year dump.
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Threw up some fibs and realigned my charts, holding on Ripple purchase, might see $0.95 soon if the blood keeps running.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
Bitcoin to $6000 if in a correction???
Around 11 minute mark...
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I really don't think it will ever drop below $9,700 again. That was the bottom of the final plateau in November before the big December blast off. I think that's our true floor, but that's because I'm a believer. There are lots of people out there that think this is all worthless and it will eventually go to $0. I think that is crazy.
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- Don't put stuff in your signature that a Mod doesn't like
"Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle
Great Tools:
http://www.CreditKarma.com
http://www.Mint.com
http://www.SaveUp.com/r/nmJ
Took profits from my Crypterra cloud mining, sent to Binance and bought some alt coins at these huge discount rates: ADA, EOS, and BNB. Added to my other holdings of XRP, BTC, LEND and TRX. Also in ETH via cloud mining. Still want to buy: XLM, NEO, LTC, ZEC, DASH, BCC. There are others I would add to the buy list but they are not (yet) listed on Binance.
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