LogFAQs > #950762570

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Topic	Stock Topic 22
Colegreen_c12 02/17/21 7:39:50 PM #4:	StartTheMachine posted... I sold most of my GBTC to make room for more DNN oh well! Still plan to go long like 40 grand on it, hoping for a 50k average but won't surprise me if I end up having to pay a lot more! Is anyone here smart enough to tell me whether these bitcoin and ethereum trusts are better or worse buys than just actually buying crypto itself on Coinbase or the like? Only reason I'm in these instead is because of no fees for trades (well besides like a $6 fee since they're OTC). Depends on how long you want to hold. Those funds are likely charging a management fee that is taken over the course of a year. If you plan on holding 5+ years those fees are likely going to end up being higher than the transaction fee for holding the coin. Conversely those management fees won't hit as hard as transaction fees if you are making a lot of short term trades --- DPOblivion beat us all. <cite>Colegreen_c12 posted [p:950762570] in Stock Topi... [t:79301581]...</cite> <quote>StartTheMachine posted... </cite> <quote>I sold most of my GBTC to make room for more DNN oh well! Still plan to go long like 40 grand on it, hoping for a 50k average but won't surprise me if I end up having to pay a lot more! Is anyone here smart enough to tell me whether these bitcoin and ethereum trusts are better or worse buys than just actually buying crypto itself on Coinbase or the like? Only reason I'm in these instead is because of no fees for trades (well besides like a $6 fee since they're OTC).</quote> Depends on how long you want to hold. Those funds are likely charging a management fee that is taken over the course of a year. If you plan on holding 5+ years those fees are likely going to end up being higher than the transaction fee for holding the coin. Conversely those management fees won't hit as hard as transaction fees if you are making a lot of short term trades --- DPOblivion beat us all.</quote> ... Copied to Clipboard!
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