Recent Topics
2017 Audi A4 PCV Valve replacement
by dbias - 05/28/20 05:23 PM
Audi E-Tron Technik
by OVERKILL - 05/28/20 05:12 PM
Deer 1....My Avalon 0
by ZZman - 05/28/20 03:21 PM
Auto Dealers Supplies?
by cknight49090 - 05/28/20 03:09 PM
interesting video reg vs premium
by raaizin - 05/28/20 02:55 PM
Discount Tire Direct FLASH SALE
by Mr Nice - 05/28/20 02:42 PM
2021 Acura TLX Sports
by buster - 05/28/20 01:36 PM
Honda GC vs GS engines?
by Avery4 - 05/28/20 01:10 PM
Advanced auto parts
by Fitter30 - 05/28/20 12:52 PM
Is there a best time to switch to synthetic oil?
by Jgelack - 05/28/20 12:37 PM
Alignment good then bad
by Barkleymut - 05/28/20 11:56 AM
What's in the Box?
by BeerCan - 05/28/20 11:31 AM
High Gloss product for Silver car?
by tc1446 - 05/28/20 11:15 AM
Home HVAC advice?
by Ed_Flecko - 05/28/20 10:43 AM
Briggs decompression.
by BSeward - 05/28/20 10:34 AM
1970 Cub Cadet Model 73 with Cizek Mower
by Phishin - 05/28/20 10:19 AM
Need Jacks-Returned recalled HF last week.
by 1978elcamino - 05/28/20 10:01 AM
WSS-M2C200-D vs -D2 vs D3
by mossietheno1 - 05/28/20 09:41 AM
Three things you never sell...
by DriveHard - 05/28/20 09:34 AM
Newest Members
oldcodger, cwllams1, Danwrig, DanielR, lagreca
71557 Registered Users
Who's Online Now
123 registered members (4WD, 53' Stude, 68redlines73, 2015_PSD, 2003f7, 2010Civic, 10 invisible), 2,398 guests, and 21 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Forums67
Topics305,984
Posts5,284,189
Members71,557
Most Online4,538
Jan 20th, 2020
Donate to BITOG
Print Thread
Hop To
Crypto Currency ETF's: Safer Way to Invest in Bitcoin? #5261627 11/08/19 10:39 AM
Joined: Jul 2007
Posts: 5,302
L
LoneRanger Offline OP
OP Offline
L
Joined: Jul 2007
Posts: 5,302
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?

Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: LoneRanger] #5261636 11/08/19 10:45 AM
Joined: May 2005
Posts: 3,877
S
Smokescreen Offline
Offline
S
Joined: May 2005
Posts: 3,877
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?


13 Civic Si 2.4L-105Kkms(66Kmi)-QSUD,Wix
05 LeSabre 3.8L-294Kkms(184Kmi)-QSUD,Wix
03 Sierra 2500 6.0L-209Kkms(130Kmi)-QSUD,Wix

All with mpg > EPA
Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: LoneRanger] #5261638 11/08/19 10:47 AM
Joined: Jul 2007
Posts: 5,302
L
LoneRanger Offline OP
OP Offline
L
Joined: Jul 2007
Posts: 5,302
Well, what are gov't issued monies based on, national economic indicators manipulated by a Central Bank?

Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: LoneRanger] #5261648 11/08/19 11:01 AM
Joined: Mar 2014
Posts: 4,690
L
Leo99 Online Content
Online Content
L
Joined: Mar 2014
Posts: 4,690
Seems a lot safer way to gamble on crypto than an electronic wallet.


Without data you're just another person with an opinion. W. E. Deming


2004 Corolla 125,000 miles
2004 Rav4 399,852 miles (RIP)
2015 Camry 101,000 miles
2020 Rav4 6,000 miles
Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: LoneRanger] #5261805 11/08/19 02:18 PM
Joined: Jun 2011
Posts: 130
D
Davejam Offline
Offline
D
Joined: Jun 2011
Posts: 130
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 03:35 PM
Joined: Jul 2007
Posts: 5,302
L
LoneRanger Offline OP
OP Offline
L
Joined: Jul 2007
Posts: 5,302
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.

Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: Davejam] #5261889 11/08/19 04:21 PM
Joined: Mar 2015
Posts: 15,290
53' Stude Online Content
Online Content
Joined: Mar 2015
Posts: 15,290
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


2009 Toyota Camry LE
Re: Crypto Currency ETF's: Safer Way to Invest in Bitcoin? [Re: 53' Stude] #5261907 11/08/19 04:33 PM
Joined: Mar 2017
Posts: 13,407
PimTac Offline
Offline
Joined: Mar 2017
Posts: 13,407
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? ♎️


2017 Mazda CX5
Mobil 1 Annual Protection 0w20
Roki OEM filter.
Previous Thread
Index
Next Thread

BOB IS THE OIL GUY® Powered by UBB.threads™