So you would like it if you woke up tomorrow and you were long GBTC and it was down 50% while BTC is up 10%? This thing gaps more then peak electricity prices during the month of August in TX. You have no way to manage risk. Your odds are much greater at the local blackjack table in Vegas.
Yes, you can find a borrow on GBTC. Any broker that cathers to short sellers should have it. I'm short it against BTC
This for me is a buy and hold. I will not be trading it... hell, some big time guru came out today and predicted BTC goes to $1,000,000... I do not care about a big gap... I am not putting my life savings at this, if I lose it won't affect me much... but if this continues to go and go it could be life changing... I guess everyone has to weigh out their own risks and make their own decision. for me.. this BTC Trust is good for now until the CME or such offers some other way
So let me ask it this way....how would you feel if 3 years from now BTC went to 1,000,000 but GBTC went to zero? Could you live with that?
well... of course I would feel horrible.... but I just feel uncomfortable putting my money with the "wallets" and the no-name exchanges.... so is there a more secure option that I should consider??? I am open minded to ideas
Most people store their private keys on a zip drive and keep that drive disconnected from the internet. There is no way then that your keys can be hacked. You can only be hacked if you leave your private keys on the exchange. But aside from that, the futures will be a better alternative but you will want to buy as far out as you can to minimize your rolls. Each settlement will be in cash at the BRR settlement price. So there could be some roll costs over time. Probably not a big deal if you think it's going to 100k or higher.
thankx Maverick... I know there's no way to really know... but realistically when will Futures be available? by April 2018? sooner, later?