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Title: Companies that trade with Bitcoin instead of you? Post by: diana.d.z89 on February 22, 2021, 02:09:03 PM Hello,
I am looking for the best companies that trade with Bitcoin on your behalf with an account manager and etc. Also how do they work? Title: Re: Companies that trade with Bitcoin instead of you? Post by: Charles-Tim on February 22, 2021, 02:15:01 PM All I can say is that if you want to manage your crypto asset, Grayscale is there. But, about trading, there has been many sites that have done this in the past while many people still lose and portrayed the sites as scam, be careful of such sites,trading generally is risky. This is also a very good means to be scammed.
Title: Re: Companies that trade with Bitcoin instead of you? Post by: Wenbing on February 22, 2021, 06:57:25 PM Hello, I am looking for the best companies that trade with Bitcoin on your behalf with an account manager and etc. Also how do they work? This is one of the ways to get screwed and your hard earn money will part from you in no distant time. You see , a friend of mine did this about 3 years ago, he gave his cash to a business that trade on behalf of people with the promise of giving him a periodic return. It never happened, his capital vanished into thin air. This could only happen successfully when you really know the person level of competence and honesty. All I can say is that if you want to manage your crypto asset, Grayscale is there. But, about trading, there has been many sites that have done this in the past while many people still lose and portrayed the sites as scam, be careful of such sites,trading generally is risky. This is also a very good means to be scammed. Yes, atimes it is not the operator of the business that always scam but the volatility of the market may cause them to be at a loss. In that case they may not be able to manage or bear your risk. It will end up as though they scam the clients. However, learning to do it yourself has been a very good advice on this space. [moderator's note: consecutive posts merged] Title: Re: Companies that trade with Bitcoin instead of you? Post by: Harlot on February 22, 2021, 07:12:44 PM You are mostly looking at close-ended type of trust funds where people pool their money in on a fund for the portfolio manager to trade it to. A good example for that is CI Global Asset Management's Bitcoin Fund (https://www.firstasset.com/media/release?id=8135) which was recently launched by the company early this year and their recent launch they have accumulated 72 million dollars. Looking at their NAV's historical performance (https://www.firstasset.com/solutions/overview/?fund=CI+Galaxy+Bitcoin+Fund) you will see that they started at 10$/unit and now their unit price has more than doubled its value at 24$/unit. Now I am not saying that it is because of them having a good way of performing in the market because right now it is the bull run but for the investors who have jumped in at 10$ a piece they are currently enjoying a 166% profit from their investment. So if you are looking for a way to invest in Bitcoin indirectly trust funds are your best option.
Title: Re: Companies that trade with Bitcoin instead of you? Post by: mk4 on February 22, 2021, 07:47:36 PM Though I'm not a fan of them because I personally prefer having control over my investments and financial decisions in general, you can use platforms such as eToro that has the "copy-trading" feature.
Really though? Just dollar-cost average bitcoin while trying to earn more money through businesses/gigs/jobs is mostly the way to go in my opinion. When talking about earning money, not everything should literally be about bitcoin. You can just earn fiat money and simply use that money to buy bitcoin; ending you up with more bitcoin! |