Bit coin tracker>>>any good?

funnymonkey

I have just discovered a bit going tracker and wondered on your thoughts on this kind of investment as it reduces the criminal element in buying actual bit coins...or thats how I see it.
Would love to have your thoughts on this kind of investment.
Thank you

Linton

How is your bitcoin tracker able to safely track the latest bitcoin price without someone somewhere buying bitcoins on its behalf?

Tom99

Can you post a link to this tracker?

funnymonkey

Tom99 wrote: »

Can you post a link to this tracker?

Here you go...
There are others though
http://www.hl.co.uk/shares/shares-search-results/x/xbt-provider-ab-bitcoin-tracker-eur
Cheers

A_T

funnymonkey wrote: »

Here you go...
There are others though
http://www.hl.co.uk/shares/shares-search-results/x/xbt-provider-ab-bitcoin-tracker-eur
Cheers

I have some in this and have had no problems

18cc

It's a risk v return equation. The tracker will track bitcoin all the way up and all the way down.

There was probably a tulip bulb tracker once....

username12345678

My other favourite site is a football fans one where the expert subject matter is inappropriate terrace chants and which tv presenter is most attractive.

And, more recently, ways to invest in Bitcoin.

I'm not saying it is going to crash this week, this month or even this year but there are going to be some painful losses at some point.

Reaper

The example you give is a synthetic ETN. You should be aware what that means
eg http://monevator.com/exchange-traded-notes/
From a glance it is priced in Euros so you have additional currency risk (US$ - EUR - Sterling), registered on the Nasdaq Nordic (Stockholm) and the annual charge is 2.5%.

Malthusian

username12345678 wrote: »

My other favourite site is a football fans one where the expert subject matter is inappropriate terrace chants and which tv presenter is most attractive.

And, more recently, ways to invest in Bitcoin.

Any of them promoting "packages" promising 1% return a day if you give them your Bitcoin, perchance?

rogerj

BUY at the bottom. SELL at the top. This is the mantra for all investment. Study the graphs, Bitcoin is at the top, you should be selling.
The lessons of history are a catalog of failed investment schemes. The South Seas Bubble. The Tulip Scheme. The Albanian Investment scheme. The only way to make money out of these schemes is to start you own. Past investment models tell us that in the final analysis Crypto currencies like Bitcoin will fail.

username12345678

Malthusian wrote: »

Any of them promoting "packages" promising 1% return a day if you give them your Bitcoin, perchance?

Nope but it seems most of the forum is getting involved and many of them still have velcro on their shoes.

Once the pro's get involved with the means to short BC then I fear for the whole concept.