Post
Topic
Board Securities
Re: [Crypto Stocks] Combined Investment Managed Fund
by
nwfella
on 16/03/2014, 01:29:49 UTC
Quote
The only downside is if the bitcoin rises in value against the AUD.

That's guaranteed to happen.  Your idea is terrible.

Anything can happen in the bitcoin market, it is unregulated. People already buy gold with bitcoins we are simply offering an alternative to cloud mining or gold.
Our idea is provide a product that is fairly stable and regulated (the AUD) in a market with a volatile nature.
Even if the value of the bitcoin rises, your actual stake in the company remains the same, if it falls, the same thing happens.
Historically AUD has been a stable investment, during the GFC the AUD didn't take a big of a hit as other commodities.
Where as in the space of a year Bitcoins went from $20 to $1350 then back down to $550.
So when you say "That's guaranteed to happen" i hear "The Titanic is unsinkable".

I would like to hear any comments or questions people might have, but please try to have constructive criticism.
Thank you.
lol.  Well put response to Duffer1's point but I'm afraid I would still have to side with Duffer1 on this one.  Betting that the value of BTC won't increase vs. value of AUD is a pretty poor bet imho.

*Best of luck with your endeavor nonetheless (assuming legit)