Pierro (@PierroDi) on getquin

3Yr·

What do you think about an etp to invest in bitcoin to not have to buy "directly" ? I would be interested in your opinion.

8 Comments

depotvonjonas@depotvonjonas

3Yr

Not your keys not your coins

•

Show answer

Patrick ₿ateman@fastlane

3Yr

What is the argument against direct purchase?

•

View all 4 further answers

Hendrik@hendrik_lmr

3Yr

You just invest in mapping the price of a cryptocurrency. If you want to use the cryptocurrency or the blockchain behind it, you can't because you were never part of it. If you just want to "buy today and sell tomorrow," it doesn't matter, but if you actually want to own cryptocurrencies, buy them outright. It's like you're buying gold or a security that tracks the price of gold. If you're fine with a representation, then go for it, but if you actually want to own gold, you have to actually buy it.

•