Not according to Greg's definition of a bubble it isn't. The millions who know about Bitcoin and STILL won't buy will have to get in first. I'm not getting in until they can prove to me my $$$ won't be lost or stolen. :-0 I'll stick with the "safety" of GBTC. If big $$$ players continue to 'work" this sector then GBTC will "eventually" trade options. Don't fugg this up Bitcoin addicts. Keep this shit alive! :-)
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If bitcoin is ever traded on the cme, all the bitcoiners will get smoked by the quant math guys and their algos. It will be a shake and bake moment of epic proportions.
Taint enuff volume in GBTC to even get a decent bid/axed price if it traded options now but I bet that "if" they allow it to trade options the spreads in the options would be as mispriced as with DUST or UVXY. The shares trade a decent amount of volume with DUST and UVXY but most of the time the options contracts are priced at absurd numbas. Not sure GBTC would be any different than DUST, UVXY, FAZ, etc etc etc.
Could have not said it any better than you!
That's cuz I'm a "1%er"...a "rare" individual who understands completely how things dealing with the markets "actually" work. :-) Go read my spew prior to this one concerning my SPY very short term outlook. Just read it and think about it...and tell me I made it sooo eeeasy that it feels like you are being cuddled in mommy's arms. I have a "calming" affect like that. Even if I make a mistake and you panic and shit your pants becuz of what I told you to do. So what?!!! When's the last time you shit your pants? :O