Thanks for clarifying. The support person clearly did not understand this at all, and the website is very vague!
The 0.5% is something I'm used to from other platforms, and much easier to absorb as a cost on small positions when making a good entry
There was another fork the other day - Bitcoin Latinum - the world's largest "insured" digital asset.
One wonders if every time another variant is created it simply draws away potential investors from the original version.
I bet committed Bitcoiners wish these variants would all just fork off 😉
I saw something the other day that happened to mention that a Bitcoin was worth about 10 ounces of Gold.......then it hit me - would I prefer to be offered one Bitcoin out there in the ether or ten ounces of physical Gold in my actual possession? 10 Bitcoin to buy a single ounce of Gold intuitively feels like the more sensible way around as I'm certain that Gold is safe but several times less certain that Bitcoin is - so we could be out by a factor of 100!
But whilst fund managers all start allocating the odd fractional percent to get exposure to Alpha for minimal portfolio downside the price will probably hold or bubble up even more. It will be interesting though if national regulators later turn round and ban funds from holding cryptos - then they will all have to rush for the exit at the same time. Maybe that's the ultimate expected outcome. According to Wikipedia in March 2018 0.5% of bitcoin wallets owned 87% of all bitcoins ever mined. Imagine if transferring that 87% to fund managers at peak prices is the intended end-game before it all collapses? It would make Bernie Madoff look like a mere pick-pocket.
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