I made a couple small edits to the prior report which now reads as follows here: https://www.virtueofselfishinvesting.com/reports/view/special-report-on-bitcoin-etn-gbtc-10-30-17
where I included this add-on:
Keep in mind bitcoin is highly volatile so understand the risks before investing any money. Bitcoin has been known to correct as much as 94% (it's done this twice since 2010) but still has managed to be worth over $6000 today, up from roughly 0.001 in 2009, or a 6-million fold gain. Nevertheless, don't let the mind-boggling large numbers lull you into a sense of greed. Bitcoin is more volatile than any stock so always know your exit points!
-----
We may provide members with some guidance in terms of how GBTC trades as it tends to overshoot as it did in May and in August. One can sell into such climax moves.
In answer to some questions, GBTC can be bought on any discount broker platform as it trades on OTC.
Bitcoin Special Report - Issue of Risk
| Published: | 30 Oct 2017 16:05 ET |
Like what you read?
Let us help you make sense of these markets by signing up for our free Market Lab Reports:
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.