Should I buy bitcoin ETF now? - page 2.

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legendary

Activity: 1106

Merit: 1337

Lightning network is good with small amount of BTC

@ adaseb, CODE200, alastantiger, Solosanz, sunsilk

He is not talking about spot bitcoin ETF, he is talking about an altcoin which is only in presale stage as of now. The name is called BTCETF or bitcoin ETF token which would be an ERC20 token.

Quote from: biergaiqiao on December 17, 2023, 09:53:43 PM

I want to buy some, I Seems to be almost sold out. Already sold for $4,626,720.67 ($5,059,485 is the maxnum amount).
Let's talk about this.

Just know that this is an altcoin, and not bitcoin ETF. You can gamble with it with the amount of money that you can afford to lose.

sunsilk

hero member

Activity: 3038

Merit: 634

Like the suggestion of everyone instead of buying a Bitcoin ETF, why not just consider of buying an actual Bitcoin that you can hold out of these exchanges?

Quote from: CODE200 on December 18, 2023, 12:38:27 AM

I'm still confused as to how they work, are they like stocks or bonds?

There's not that much difference on it. It's like that you're buying but not from the crypto exchanges but from the traditional exchanges.

Quote from: https://corporatefinanceinstitute.com/resources/cryptocurrency/bitcoin-etfs/

Bitcoin ETFs are exchange-traded funds that track the value of Bitcoin and trade on traditional market exchanges rather than cryptocurrency exchanges. They allow investors to invest in Bitcoin without having to go through the hassle of using a cryptocurrency exchange while providing leverage to its price.

Solosanz

hero member

Activity: 952

Merit: 662

That depends on what you're looking for.

If you want to own securities related to Bitcoin and you can't hold it by yourself, you can try to buy it.

But, some people choose to buy Bitcoin directly through exchange because they don't trust centralization and try to learn "be your own bank".

You can read the popular Bitcoin ETFs, it might help you to choose which ETF you want to buy https://www.coingecko.com/research/publications/bitcoin-etfs-btc-holdings

Quote from: CODE200 on December 18, 2023, 12:38:27 AM

I'm still confused as to how they work, are they like stocks or bonds? And where can I buy one of them if it's available in my country because I think like it's not going to be available and it's difficult to purchase due to being expensive or something.

Yeah pretty much like stocks or bonds, it needs a securities firm in your country or broker to help you to buy it.

alastantiger

sr. member

Activity: 728

Merit: 444

Quote from: biergaiqiao on December 17, 2023, 09:53:43 PM

I want to buy some

Do not buy Bitcoin ETF. Buying it is like wanting to own a bicycle and instead of the actual bicycle, you are given a picture of bicycle instead.

I don't know who you are but by being here on this forum, it shows you have the capability to learn about Bitcoin. How to buy real Bitcoin, secure it, and be successful with it.

Buy the real deal and not a picture of it instead.

CODE200

sr. member

Activity: 1484

Merit: 323

Quote from: adaseb on December 18, 2023, 12:18:04 AM

There are already a few bitcoin etfs out.

If you are in Canada there is a spot Bitcoin etf since 2021.

In Europe there was a bitcoin etf for a few years already.

In USA you can buy the bitcoin future etf called Bito which was also out since 2021. And prior to that we had the bitcoin futures which is a little harder for the retail market to access.

I'm still confused as to how they work, are they like stocks or bonds? And where can I buy one of them if it's available in my country because I think like it's not going to be available and it's difficult to purchase due to being expensive or something. I still don't understand how they can be able to influence the market prices with regards to the upcoming decision on the approval of ETF, I still have no idea how and I still think the halving will probably have more impact than this maybe even the idea that Lamborghini is planning to accept bitcoin for payments for their luxurious cars.

adaseb

legendary

Activity: 3808

Merit: 1723

There are already a few bitcoin etfs out.

If you are in Canada there is a spot Bitcoin etf since 2021.

In Europe there was a bitcoin etf for a few years already.

In USA you can buy the bitcoin future etf called Bito which was also out since 2021. And prior to that we had the bitcoin futures which is a little harder for the retail market to access.

biergaiqiao

newbie

Activity: 11

Merit: 0

I want to buy some, I Seems to be almost sold out. Already sold for $4,626,720.67 ($5,059,485 is the maxnum amount).
Let's talk about this.

Topic: Should I buy bitcoin ETF now? - page 2. (Read 258 times)