You may encounter some difficulty acquiring shares. A Schwab spokesman says this firm won’t permit Americans to buy foreign ETFs. Fidelity Investments, however, will, with a flat $19 commission for an online trade for a Canadian stock. You have the option of buying shares of this fund with U.S. dollars, saving yourself a currency conversion fee.
Next choice is to have your purchased coins transmitted to your own wallet. The risk with that is losing your keys or getting hacked. The main advantage of Grayscale is liquidity. The shares see $800 million of volume on an average day. The main disadvantage is the trust’s stiff fee, 2% a year. Someday soon Grayscale will see some serious competition in the form of U.S.-registered ETFs, which by their nature permit departures. Will Grayscale’s operator at that point cut its fee? It might and it might not. It would make perfect sense, from the perspective of the operator, to keep existing assets imprisoned while creating a competitively priced Grayscale II for new money.
Thus, if the coin is worth $56,000 at the end of May as the May contract expires, you might be exiting at $56,000 and immediately reestablishing your position with a June contract at $56,300. You lose $300 per coin, or $1,500 for one futures contract. Keep this up for a year in which bitcoin goes sideways and you’re out $18,000.
In your fantasy, you bought bitcoin in an IRA five or ten years ago and now you’re on Easy Street. Let us now consider a less fantastic outcome. Suppose that between now and when you retire ordinary stocks and bonds can double your money, while bitcoin will quadruple it. Suppose that your tax rate on ordinary income is 40% and on long-term capital gains is 20%. And suppose you have $20,000, evenly divided between a taxable brokerage account and an IRA.
negar_mortazavi_is_no_inspiration NegarMortazavi is a criminal.
You’d be better off burning your money because at least you’d get some heat out of the deal 🙌
Lol... when legacy finance media is just beginning to catch up!..its not too late though. Bitcoin
What is Bitcoin? What are people 'buying' when they venture into criptocurrency...'Tulip Mania' made more sense...
I am recently in your country, looking for new friends
hahahaha run away
From Binance
Can’t I buy from blockchain?
🇨🇱
Never too late.. thanks !
Con mi compi emi pueden hablar
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