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Crypto Currency ETF's: Safer Way to Invest in Bitcoin? #5261627 11/08/19 09:39 AM
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LoneRanger Online Content OP
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Grayscale Bitcoin ETF. Currently closed, but what say ye bitog investors on this concept, i.e. crypto currency market speculation via Exchange Traded Fund products?



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Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: LoneRanger] #5261636 11/08/19 09:45 AM
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Smokescreen Offline
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Bitcoin and safe investment really don't belong in the same sentence. How can an electronic currency based on nothing be anything but extremely unstable?


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Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: LoneRanger] #5261638 11/08/19 09:47 AM
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Well, what are gov't issued monies based on, national economic indicators manipulated by a Central Bank?



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Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: LoneRanger] #5261648 11/08/19 10:01 AM
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Leo99 Offline
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Seems a lot safer way to gamble on crypto than an electronic wallet.


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Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: LoneRanger] #5261805 11/08/19 01:18 PM
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Davejam Offline
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Stay away is my advice. There was a lot of talk several years ago and if you bought very early you may have made a pretty penny, but after that you would have lost your shirt.
It doesn't seem to be going anywhere.

Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: Davejam] #5261851 11/08/19 02:35 PM
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Originally Posted by Davejam
Stay away is my advice. There was a lot of talk several years ago and if you bought very early you may have made a pretty penny, but after that you would have lost your shirt.
It doesn't seem to be going anywhere.


I actually specifically remember in January of 2013, 1 bitcoin was around $13. I almost bought some but thought the whole concept was too sketchy. Later that same year in mid to late October, it had peaked at around $1100 for 1 bitcoin. It was because the Chinese Communist Party had relaxed restrictions in china on trading bitcoin or some similar such move, and it created a lot of instant demand and liquidity.



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Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: Davejam] #5261889 11/08/19 03:21 PM
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Originally Posted by Davejam
Stay away is my advice. There was a lot of talk several years ago and if you bought very early you may have made a pretty penny, but after that you would have lost your shirt.
It doesn't seem to be going anywhere.



Yeah, what in gods name would possess me to get involved in bitcoin? I'll take my cash thank you



Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: 53' Stude] #5261907 11/08/19 03:33 PM
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Originally Posted by 53' Stude
Originally Posted by Davejam
Stay away is my advice. There was a lot of talk several years ago and if you bought very early you may have made a pretty penny, but after that you would have lost your shirt.
It doesn't seem to be going anywhere.



Yeah, what in gods name would possess me to get involved in bitcoin? I'll take my cash thank you





Yep. These crypto currencies can be very volatile. All will be fine and good as long as people trade them until one day they don’t. A currency needs the backing of a sound government and the full faith of the people. If a war broke out would you want your life savings in Libra for example? ♎️


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