Investment Funds That Offer Cryptocurrency Exposure See Big Gains
My friend John Duncan from bit-talk.info tweeted -
But first my two cents worth -
I' m reading so much positive information about cryptocurrencies, I have jumped off the fence and believe that it is the currency of the future. I've read a very compelling 170 page book by Sam Volkering - 'Bitcoin Revolution' It's an easy read.A page turner for me,and with my age related limited attention span,that was exciting in itself.
One everyday example he gives that convinces me of it's growing acceptance and world wide adoption is that it is a universal currency,and the man in the street will relate to the fact that the hassle of shopping around to get the best exchange rate for holiday and travel money will be unnecessary.
It's those sort of how the currency can be used in everyday situations explained in the book that will enlighten the masses and speed it's understanding and acceptance.
Below is an excerpt from John Duncan's article -
Mainstream Investment funds and IRAs That Include Bitcoin Are Prospering There are many other ways mainstream investors can gain exposure to bitcoin rather than purchasing it directly, and more are popping up in great number. Just recently Bitcoin.com reported on Britain’s largest online trading platform, Hargreaves Lansdown, which has announced it will allow its customers to invest in bitcoin. The firm commands over £70bn of investors funds and will allow its 876,000 customers access to the decentralized currency. With cryptocurrencies performing so well and gaining in value exponentially many more mainstream funds and IRAs are likely to include digital assets for their customer’s portfolios. While there are no ‘official’ Securities and Exchange Commission approved ETFs at the moment there are still plenty of similar investment options in 2017.
Link to the full article.
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STOPnice post ,,, you have good blog , Good luck. Comrade
Many thanks.
I do think that more and more people are becoming aware of Bitcoin and are open to investing in it. I hope they realize that it can be more volatile than many other investments and they either go in as traders who want volatility or long term holders who are willing to weather storms.
There are some changes happening with the Bitcoin protocol on August 1st which may add further short term volatility. Some are advocating taking profits now and waiting out this phase. I may take that advice, but in a small way. I think the long term picture for Bitcoin is good. Same with other cryptos, so I diversify into ones I like.
I'm wondering if you have some Bitcoin, if you care to share here. I see you have some Steem Dollars, which have lost value lately but shouldn't go much lower since they are designed to be pegged to one US dollar and will offer interest if they get near that value, causing people to buy and stabilize the price. We've seen that in the last few days as price drifted down to $1.05 which caused some buying and the price is around $1.30 now.
I hope the summer heat is not too oppressive where you're at. I know you like to get out, and hope you still can. I've got a bit of a burn from Independence Day celebration so I'll be hibernating until the red turns to tan. Wishing you well!
Yes, good to hear from you.I appreciate your expertise and generosity in sharing information. You must be telepathic.I like Sam Volkerings suggestion to make every effort to invest at least $100 in Bitcoin. He does stress it must be seen as a risk and a bumpy ride with volatility,but he does make a very believable case for the future of cryptocurrencies. No I haven't any Bitcoin.So yes please if you can advise how to use some of my 910 (today) Steem Dollars to get some Bitcoin.It would be much appreciated,and exciting! Phew, very hot here as well.
I think its good to own some Bitcoin. I can't predict whether it is better to hold Steem Dollars now or convert them to Bitcoin. But I will say that August 1st is a day that may bring volatility to Bitcoin and Steem Dollars seem slightly under valued compared to recent history at the moment. But it may be a good exercise to convert a little, just to see how it's done and to diversify.
There are at least 4 ways to hold Bitcoin - hardware wallets, paper wallets, exchanges and gateways. An exchange is the most flexible because you can easily convert it to other cryptos from there, or send it on to a gateway to get cash.
This article shows how to send Steem Dollars to Bittrex which is a popular exchange and the one I use:
https://steemit.com/minnowsupportproject/@clayboyn/turning-steem-and-sbd-into-cash-bittrex-and-coinbase-examples
Once on Bittrex it shows how to trade Steem Dollars for Bitcoin. You can stop there, or continue on with the tutorial and move Bitcoin to Coinbase which is a gateway, from which you can sell Bitcoin and receive the cash value of the Bitcoin in your checking account.
I'm almost positive you can use Bittrex as a UK citizen, less sure about Coinbase but I think it works there. If you decide to do the procedure and have any questions, let me know here or via email at [email protected] Good Luck and may all your trades be profitable!
Thank you kenny.You are a gem.Holly and baby Archie will be calling to take me for coffee shortly,but when I get back I will follow your guidelines and transfer. Noted your email .Thanks again. Ivor.