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GBTC

Whale Pattern Emerges.. BTC back down to $5k?If one looks closely enough, there is a distinct pattern of market manipulation to push up the Bitcoin price. Just as seen in 2016/2017, there is a 4-step program which whales use to create a buying climax and a subsequent price peak. This peak is normally evidenced by retail FOMO, mass media reporting, outlandish price target calls and of course crazy overbought technical readings (RSI, MACD, etc.) So with that being said, the whales and miners can certainly deflate the Bitcoin bubble here once again and push prices all the way back down to $5k before bottoming out. Yesterday (1/11) was the single most volatile day as price ranges went absolutely ballistic. This is usually a sign of mass hysteria from both bulls and bears as the market behavior switches trend. This exact same behavior occurred during the late-2017 BTC top and early-2018 ALT coin top as well...
BITSTAMP:BTCUSDShort
by kaotic363
The Grayscale Effect2021 Will Start Slow With the holidays nearly over, the Grayscale Effect will go on hiatus for the month of January. With unlockings being non-existant in January, the Grayscale Effect looks to be a non-factor over the next five to six weeks. Recall, Grayscale Bitcoin Trust (GBTC) accepts investments from accredited investors. These investors receive newly minted shares that can be traded in the stock market six months later. Once these shares can be traded in the market, we call it an unlocking event. Shortly after these unlockings occur we noticed price rises. That's the quick take on what the Grayscale Effect is. To learn more on what the effect is, how accredited investors make a killing on the GBTC premium, and a breakdown on each of the Tranches shown above, read the Hackernoon piece here: hackernoon.com
COINBASE:BTCUSD
by Ben_Lilly
19
Go long on GBTC if you can't buy crypto directlyGBTC will move almost identically to bitcoin, it's an ETF from Grayscale Funds that tracks, you guessed it, bitcoin. JP Morgan just gave bitcoin a possible price target of $146,000. Tim Lee from Fundstrat, a very reputable analyst, gave it a $100,000 price target. If you can't buy crypto directly in your trading account or retirement account, you can get exposure to the bitcoin boom through this avenue. Go long GBTC because it will follow right along with the actual bitcoin crypto and is a great way to get exposure. This will also act as an inflation hedge.
GLong
by EBITDAtiger