Risk is to 7600 at the last CME daily gap and is most likely where this goes. I think they leave the one at 10295
but will test it again after 7600 is closed.
Edited by CLK, 17 February 2020 - 09:30 AM.
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Posted 17 February 2020 - 12:10 PM
Posted 17 February 2020 - 04:56 PM
Am a complete novice when it comes to BTC, so was wondering if someone could direct me to some good articles about how to invest in BTC?
What would be a good broker, what kind of wallet is really safe, etc.
Is www.robinhood.com any good?
Many thanks, gis
You can buy GBTC at any Etrade type brokerage, it tracks BTC. At this point I'm not really concerned about external wallets. I buy from my bank account at Coinbase, you can even buy there with a credit card and they just now started offering 3x leverage at CoinbasePro which is part of Coinbase, though I don't recommend leverage, maybe a little at 2x, Bitcoin would have to drop to around 4k to lose the whole trade to margin call. They keep your BTC in cold storage, so if you protect your password and use 2FA authetication you are ok, in case of a brokerage hack your funds are insured. If you want the most security, buy a Ledger or Trezor hard wallet and load your BTC on it offline.
The fees at most exchanges are very expensive, right now about 0.6% of the total dollar amount, if you can trade GBTC for $7 flat or free at Rbinhood, that would be the cheapest, I don't know about the security at Robinhood, GBTC is probably fine.
Edited by CLK, 17 February 2020 - 04:59 PM.
Posted 17 February 2020 - 08:15 PM