Want to buy bitcoin at $36k right now? There's a simple way to do it...

in #bitcoin3 years ago

Would you like to buy Bitcoin roughly 16% below the current market price? Here's how...

How great would it be if you bought bitcoin on the lows, the place where the price is very likely to hold up at.

You've likely seen the charts by now and that price is probably very close to where we are right now at $43k.

However, what if I told you, not only could you buy right now at $43k, but you could roughly 16% below that price right now as well.

You could buy Bitcoin at $36k while it is trading for $43k.

Sounds great right, so how do I do it?!

It's simple, you buy GBTC...

The Grayscale Investment Trust is currently trading with a 16% discount to it's NAV.

Check it out:

image.png

(Source: https://ycharts.com/companies/GBTC/discount_or_premium_to_nav)

That 16% is very close to the lowest discount the trust has ever traded with.

It's not technically bitcoin, but it will track very closely with bitcoin over the long run.

That discount is very likely to come out at some point meaning anyone buying it right now will collect a free 16% when that happens.

They have filed to convert the trust into an ETF, and if that doesn't happen there are large investors in GBTC that are in the process of figuring out how best to get rid of that discount.

My guess is that the discount will be gone within a year from now and possibly within the next 6 months.

To me it seems like a great risk/reward spot to buy bitcoin on this recent dip.

I bought some today at $35.

Check beck a few weeks from now and I think I'll be pretty happy with that buy.

Sort:  

This is the way.

Have you tried this? It's a great option in a retirement account.

Im pretty balls deep in both my brokerage and retirement accounts on gbtc (thesis was the discount will disappear at some point). If that discount doesnt go away i could be pretty fucked :)

hello friend @jondoe good as they say in my country who does not risk does not win. I think it is an excellent decision. I wish you every success in your investment. happy afternoon 🙏😄

It is a bit difficult to buy from overseas!!
Nice thought! Thanks for sharing!

Well dang. The other option is to just buy bitcoin, but no discount to market there.

Thank You for sharing Your insights... AND the BTC heads-up.

Yup! Thanks a lot!
I thought the big guys were teaching Saylor some lessons for crossing the line too much!🙀😂😻

Coin Marketplace

STEEM 0.27
TRX 0.11
JST 0.031
BTC 68401.94
ETH 3807.69
USDT 1.00
SBD 3.52