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Trades this week - I bought another 1000 GBTC in a Retirement Account (Patreon)

Published:
2021-01-31 02:20:59
Imported:
2022-03

Content

I now have 5000 GBTC in my 401K and a bunch of ETHE also.  Note i also have been accumulating BTC raw for the last 3 years. My premium at the time when compared to BT Cwas only 4.6% 

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Comments

Anonymous

What are the advantages of purchasing through Grayscale versus buying raw? I have raw BTC, does it make sense to pay the premium?

Anonymous

A big advantage that I see in his trade is he is using a 401K account as an investment vehicle so he benefits from all of the tax advantages from that. With raw bitcoin you cannot buy that from a retirement account.

Anonymous

I saw that the premium had dropped way down with GBTC and I should have bought the dip under $30. My DCA on GBTC is $34 so I feel like I should have taken advantage of that. Gotta take advantage of the volatility!

InvestAnswers
>>52561710

Dr Watson, well said and yes you nailed it. I believe GBTC even with its premium is a better investment than a mutual fund - esp when we are close to the top of the mkt.

Anonymous

Looking to get some btc exposure into my ISA (Uk no tax to pay on the way out account) , I think only options are gbtc, micro strategy’s, PayPal or square , what would be the best approach just pick one or a combo of these . My current provider does not have gbtc, I’d needs to open account elsewhere which happy to do if it’s the best strategy.

Anonymous

Btw really loving your you tube videos and quite excited you’ve set this up

Anonymous

Hi I have an ISA account with 212, I’ve started with microstrategy and Argoblockchain. I’ve looked at the Bitcoin treasuries website which shows all companies and thier holdings.

InvestAnswers
>>52594109

I am very bullish on MSTR and SQ but own all. I am in SQ very early ($40's). I have PayPal as it is a solid crypto payments play. I would open up an account and get some direct exposure to owning some BTC. I heard great things about eToro as an onramp.

Anonymous

I'm considering putting a significant portion of my UK pension fund into Microstrategy as a bitcoin play, about 100K. Question is Should I in fact diversify into MSTR, SQ and paypal or fucus in MSTR as they hold the most raw BTC.

Anonymous

I have a fair amount of GBTC in my 401k and am now looking to buy some ETHE. Any thoughts on timing a buy?.

InvestAnswers
>>52624456

The last time I bought Ethereum was 11 January where I was very happy to get some in the mid 900s. I don't know if you'll see that level again. If I was desperate to get something over the next two weeks my entry point would look something like a limit order at $1216 and hope for a big downward wick.

Anonymous
>>52613597

This is exactly what I am debating on the face of it, mstr looks like the obvious option, what about galaxy digital invest? It’s no 2 on the Bitcoin treasuries list

Anonymous

Thanks! I have been using Coinbase Pro for crypto trades. Do you have any recommendations for crypto exchanges to use to buy BTC or Ethereum?

Anonymous

I just moved some money around to get my self a good amount of GBTC. Do you still have the spreadsheet available that calculates the amount to BTC I have compared to how many GBTC shares I have?