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Showing posts with label The Ether Fund (QETH.U); The Bitcoin Fund (QBTC). Show all posts
Showing posts with label The Ether Fund (QETH.U); The Bitcoin Fund (QBTC). Show all posts

Tuesday, January 5, 2021

On why you should consider The Ether Fund (QETH.U) as a risky and volatile investment

First, many investors, like probably Warren Buffett himself, probably don’t consider Ethereum (ETH) as an investment. Currently (that was earlier this morning), BNN anchor Jon Erlichman is explaining that in the US, we are facing a sell off. Today, Jon Erlichman was wearing a purple silk tie that fit him well. In 2021, it seems like his country farm bucket is here to stay! :-) (It’s a mysterious bucket that contains some fake decorative flowers that I find extremely bizarre for some reason and that bucket is in a dark corner right behind him, in an effort to create some kind of an ambiance background, as a little décor. It’s probably his girlfriend stuff lol). I had been obsessed by the content of that bucket for months now. I wonder what Amber Kanwar’s home décor will look like when she comes back from her maternity leave. Can’t wait! :-)

This sell off the situation for the US is a good indicator for crypto. That we like it or not, the US has a huge influence on the market. If the US market goes down, it’s mostly like that the TSX will also go down. It’s not of an automatic situation, but if the US market is down, the Canadian market will probably go down too, sooner or later. Let’s continue on the same road. If the US market is facing a sell off, chances are that cryptocurrencies will face a sell off as well. And this is particularly true at this time, when both Ethereum (ETH) and Bitcoins had lived on their highest value ever. I am happy with the move I performed in The Ether Fund (QETH.U) yesterday. The timing was absolutely perfect.

I am not turning my back on The Ether Fund (QETH.U), but I would to see a little drop on the unit price before I get back in. QETH.U closed today session at $21.46. I was able to make good gain on it, but it’s quite complicated to play on a fund that trade in US dollars over the TSX. Today between 10:49 am and 10:56 am, QETH.U had been affected by a trading halt. Imagine being in front of your computer, and desperately trying to buy or sell some units... that must me frustrating. I had to wait for a couple of extra unusual seconds for my sell order to go through yesterday, and I wasn’t exactly happy.

Other than its famous The Ether Fund (QETH.U), 3iQ offers a fund that actually trade, from my understanding, in Canadian dollars, over the TSX: The Bitcoin Fund (QBTC).


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