So I'd like to spread my risk with crypto over a few coins.
Obviously I could buy them indvidually, but I was look for something like an investment fund that creates a mixed portfolio of stocks/commodities that cater for your risk level.
Another option would be something similar to an ETF which focuses on a specific technology/usecase and invests within those companies, such as an Elelctric Vehicle ETF that focuses on Lithium, graphite etc (ASX:DRIV).
Anyone got any suggestions?
You don't "invest" in crypto - you take a punt on crypto. Crypto has no intrinsic value and you are "simply placing a bet - the same as placing a bet on black or red at the casino.
Yep. And just as you can get absolutely felted at the roulette table, in the same way you can get absolutely felted trading crypto. You can get rekt trading, you might say.
50:50 ETH and BTC , set and forget.
But is now the time to buy?
I expect both to go down a bit more and stablise for a year or two. Then I might consider buying.
That's the thing though. Since it's basically fictitious Internet monopoly money with no intrinsic value, then there's no real way to price it outside of astrology for boys 'technical analysis' where you look at charts and draw lines on charts and make guesses that since it seems to be bouncing between these two lines that you just drew from nothing then the price will keep going up probably.
That's why everyone's predictions are all over the place. Bitcoin's going to hit $100,000 by next year! Or wait, actually it's going to flash-crash to $20,000. Or wait, actually it's going to $0. Did I say $0? I meant it's going to $250,000.
MicroStrategy has a margin call if bitcoin hits 21k USD. Just be aware if bitcoin drops a bit more
I wouldn't invest in #Bitcoin.
It has had the worse return over the past decade. It can go to -99.99% any day now.
https://files.ozbargain.com.au/upload/393946/90105/screensho…
Based and clownpilled.
🍊💊
a historic trend only works until it doesnt
But squiggly line go up in picture. Why bad?
It's to entertain my cult of 😡ers.
Invictus Capital
Thanks, this seems to be what I had in mind.
I'm still on the lookout for a dex that offers invesment in portfolios for multiple coins, as opposed to investing in one liquidity pool.
Invictus has been around a while and do act as an actual ETF with regular redistribution of the portfolio weight on c10 and c20.
But can Australians access without having an international trading account?
Just put 100% in BTC. Hodl until you are rich enough.
until you are rich enough
That's not the only option
I'm pretty sure that is every BTC investors MO
ASX:CRYP?
Although to be honest investing in crypto at all seems at odds with the long-term value investing/diversification strategy that you seem to be asking for. As the WallStreetBets boys are fond of saying: "Sir, this is a casino."