OneEyedDiva
SF VIP
- Location
- New Jersey
It was mentioned in this section that some don't consider crypto currency as real money and others are concerned with accessibility to crypto accounts. I'm one of those who became concerned after reading horror stories about people not being able to access large amounts of money. Coinbase has locked me out of my account and I can't figure out why. Their so called customer service is a joke. It's a good thing my very minute amount of Litecoin is in my son's account. It represents less than 1/10 of 1% of my portfolio.
Anyway, I got a PM from a SF member who told me about investing in GBTC (Grayscale Bitcoin Trust) that person is apparently doing quite well with it. Then another member said he trades GBTC too. I like that I can trade this ETF at Schwab...no tricky stuff trying to access my account and liquidate shares when I choose to. Both members trade frequently, taking advantage of the rises in share price. When I was researching something else, I came across ETHE (Grayscale Ethereum Trust). So I bought a few shares of that. As expected, these ETFs are volatile like cryptos: GBTC 52 week range: $10 - $58.22 ETHE 52 week range: 47 cents - $43.23. One downside is the expense ratios are high...higher than I'd normally pay.
For those who don't want to buy crypto coins, have you ever considered an ETF
Anyway, I got a PM from a SF member who told me about investing in GBTC (Grayscale Bitcoin Trust) that person is apparently doing quite well with it. Then another member said he trades GBTC too. I like that I can trade this ETF at Schwab...no tricky stuff trying to access my account and liquidate shares when I choose to. Both members trade frequently, taking advantage of the rises in share price. When I was researching something else, I came across ETHE (Grayscale Ethereum Trust). So I bought a few shares of that. As expected, these ETFs are volatile like cryptos: GBTC 52 week range: $10 - $58.22 ETHE 52 week range: 47 cents - $43.23. One downside is the expense ratios are high...higher than I'd normally pay.
For those who don't want to buy crypto coins, have you ever considered an ETF