Bitcoin Forum
October 21, 2017, 06:23:04 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2017-06-08] This bitcoin investment vehicle could be 'a disaster waiting to...  (Read 2814 times)
White sugar
Legendary
*
Offline Offline

Activity: 980


View Profile
June 08, 2017, 07:56:03 PM
 #1

This bitcoin investment vehicle could be 'a disaster waiting to happen'

  • The Bitcoin Investment Trust offers investors a chance to get in on the digital currency's surge without having to take possession of bitcoins.
  • The trust often doesn't accurately track bitcoin's movement and trades at a more than 100 percent premium to the underlying asset.


http://www.cnbc.com/2017/06/08/this-bitcoin-investment-vehicle-could-be-a-disaster-waiting-to-happen.html

1508610184
Hero Member
*
Offline Offline

Posts: 1508610184

View Profile Personal Message (Offline)

Ignore
1508610184
Reply with quote  #2

1508610184
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
cr1776
Legendary
*
Offline Offline

Activity: 1680


View Profile
June 08, 2017, 11:57:09 PM
 #2

This bitcoin investment vehicle could be 'a disaster waiting to happen'

  • The Bitcoin Investment Trust offers investors a chance to get in on the digital currency's surge without having to take possession of bitcoins.
  • The trust often doesn't accurately track bitcoin's movement and trades at a more than 100 percent premium to the underlying asset.


http://www.cnbc.com/2017/06/08/this-bitcoin-investment-vehicle-could-be-a-disaster-waiting-to-happen.html

"Could", "might", "may" etc are all good weasel words where the author isn't very confident. 

I agree, it could, or it could not. Ask me in 10 years and I'll have a better idea.
aso118
Legendary
*
Offline Offline

Activity: 1582



View Profile
June 09, 2017, 01:52:48 AM
 #3

This bitcoin investment vehicle could be 'a disaster waiting to happen'

  • The Bitcoin Investment Trust offers investors a chance to get in on the digital currency's surge without having to take possession of bitcoins.
  • The trust often doesn't accurately track bitcoin's movement and trades at a more than 100 percent premium to the underlying asset.


http://www.cnbc.com/2017/06/08/this-bitcoin-investment-vehicle-could-be-a-disaster-waiting-to-happen.html

There is a 100% premium to the underlying asset, because people are desperate to get into Bitcoin and don't know how.
They see this trust as an investment option and do not really care about the premium.

1Referee
Legendary
*
Offline Offline

Activity: 1302

BitKorn!


View Profile
June 09, 2017, 12:09:31 PM
 #4

There is a 100% premium to the underlying asset, because people are desperate to get into Bitcoin and don't know how.

Is that really the case? In well developed countries it's insanely easy to buy yourself into Bitcoin. I'm from Western Europe, and all I need to do is to verify my bank account, and that's really it. No ID scanning, or other nonsense that you have to go through when signing up at exchanges. I must however note that this service allows me to purchase up to €10,000 per day through the automated system, but this limit could be lifted if I get in touch with them by visiting their location to complete the deal. And yes, it's all legal.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!