Cryptocurrency Q&A
Can you hold BITO long term?
Can you hold BITO long term?
Ilaria
Sun Dec 15 2024
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5 answers
1283
I am considering investing in BITO and want to know if it is suitable for long-term holding. Should I buy and hold BITO or is it more suitable for short-term trading? I'm seeking advice on this matter.
5 answers
Maria
Tue Dec 17 2024
The high expense ratio associated with BITX adds to the overall cost, making it less attractive for investors seeking cost-effective options.
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OpalSolitude
Tue Dec 17 2024
Daily volatility decay is another issue, as it can further erode the value of an investment over time.
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MysticEchoFirefly
Tue Dec 17 2024
BITX presents itself as a challenging investment option due to several factors.
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FireflySoul
Tue Dec 17 2024
BITX investors also face losses due to futures contango, a market condition where the price of a futures contract is higher than the expected future spot price.
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Riccardo
Tue Dec 17 2024
One major concern is its extreme volatility, which makes it unpredictable and risky for long-term holding.
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