The Easiest Way for Noobs to Invest in Bitcoin
Invest easily in bitcoin using GBTC. It's actually better than buying crypto through Paypal.

The Easiest Way for Noobs to Invest in Bitcoin

By AlucardLife | cryptoinvesting | 17 Nov 2020


Grayscale. GBTC. Easy, simple, done.

If you don't know anything about bitcoin, but you want to get involved, just buy GBTC. 

Don't try to buy bitcoin through Paypal. You'll get scammed.

Don't allow any traditional bank to hold your bitcoin, especially if you are buying bitcoin as a response to the corruption in traditional finance. How the hell do you know about the scams, sex trafficking and money laundering at Citibank and JP Morgan Chase but you allow them to hold your bitcoin?

Grayscale also has trusts for other cryptocurrencies. Stay away from those.

You'll need a more sophisticated knowledge base to properly invest in ether or Litecoin. Crypto is not a monolith. If you're not willing to do this research on your own, just skip those.

If you're a complete newbie, you'll also want to stay away from bitcoin faucets. Most of them are scams, and the more sophisticated ones will find ways to take your real bitcoin from you if you're not careful.

Hell, I've been in BTC for a few years now and I'm still taking advantage of GBTC. It really is a simple way to make money in a bitcoin bull market. Don't overlook it.

Here are the technicals if you just need that stuff.

Each share of GBTC is now worth 0.00095346 bitcoins. The shares are trading at a multiple to that value. Both values can move, just like shares of other stocks. Watch the P/E ratio to make sure you're not investing in an overbought asset.

Grayscale recently bought $240 million more in bitcoin on top of its near $500 million buy — the one that shook the world. As far as we know, they didn't take short term profits on the 35% pump that occurred in bitcoin. They are likely in this for the long haul, because they understand that the top for bitcoin isn't a number value. The "top" for bitcoin is becoming the reserve currency of the world.

The annual fee for GBTC is 2% and AUM is $6.3 billion with 496,234,600 shares outstanding.

Like any of you care about those numbers anyway. 

NUMBER GO UP NUMBER GO UP NUMBER GO UP NUMBER GO UP NUMBER GO UP NUMBER GO UP NUMBER GO UP NUMBER GO UP NUMBER GO UP NUMBER GO UP NUMBER GO UP NUMBER GO UP 

You goofballs. Don't be a Dave Portnoy. That guy is seriously a stain on the human order, and if you take any trading advice from him, you deserve what you get. He's the bum who got into bitcoin, reversed himself after the October bear market, and completely missed out on the run from $11k to $16k because he was too cowardly to hold his hand.

Good luck trading out there.


AlucardLife
AlucardLife

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