Bitcoin has gone over $100,000 this year, and some analysts are predicting even bigger gains next year. With this, many financial advisors are recommending at least some caution, while investing in cryptocurrencies and making sure only a small portion of your overall portfolio is being used for investment. Bitcoin prices have fallen, but have recovered quickly after the Federal Reserve signaled it might cut rates less frequently next year, but they have more than doubled. -cut-
Bitcoin can dip and can pump from the CMP. There are different possibilities but moving with caution is all we can do because investing is risky and, to be honest, someone being that much more cautious in BTC makes me believe I am too optimistic because now I have invested most of my portfolio in alts while these are riskier than BTC.
Speaking of buying BTC directly and shares of BTC (ETFs), is there any difference price-wise? I mean, if BTC pumps, the owner of ETF shares will make more money? Or when dumps will they cause less loss? What different considerations are you talking about besides control and ownership?