Grayscale etherium
Anybody tell me why Grayscale etherium down 20% while the actual crypto is up 40% from 12/31. I’m puzzled over the disconnect.
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Hi Silentman
That is a WILD one
I was going up 10 to 20% when Etherium was down
I guess its completely decoupled from the underlying now…tough one to trade…good luck
Surprising to see Cryptos going wild here after the US Treasury Dept says they will scrutinize crypto transactions closely.
EVERYTHING IS SURPRISING THESE DAYS
I noticed that Grayscale bitcoin is up a lot today and the actual value of bitcoin to the USD hardly moved. Go figure!
Tried it for a couple of days thinking it was correlated to Etherium. Watched as Etherium went up and the small investment I made went down 25%. The only way to invest in these things is directly in the actual product, whatever that is. I still haven’t figured out how it’s mined with computers, in the case of Bitcoin, but I do know it takes lots of electricity. Too complicated for me, so I stay away.
Thanks Marcusjames, I too have only a small position and I’m confused and fed up. I really appreciate your response; it helps to know that others are shaking their heads as well.