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So, you are in charge of a coin investment fund. What would you do?
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<p>[QUOTE="mrbreeze, post: 13039055, member: 86726"]As with any open fund, there are riskier parts. Unless you have a specific fund that prohibits certain risks, you will have some speculative parts. In the end, that is not really addressing what I’m asking. I can’t count how many times I’ve heard on this board, “you can’t make money in coins” or “you can’t invest in coins and make money.” I’m dumbfounded that people believe this. There are so many examples of how that statement is 100% wrong. As soon as the idea of a coin fund is introduced, everyone goes into that mindset. A coin fund has some particular issues that would require some serious thought, yes, but it is doable. Yes, there have been failed attempts. But, showing a chart to reference 1 year that was bad, which was 33 years ago, I might add, and not also mentioning that the same chart (the PCGS3000) shows that as of today, the index has a +7,027.15% return, is part of the mindset of, “coin funds won’t work, period.” So, with an industry chart of coins showing a +7027.15% return since 1970, does everyone believe that no one is smart enough to make that work as an investment? If so, this is not your thread. If not, then what do you believe could help make it work?[/QUOTE]</p><p><br /></p>
[QUOTE="mrbreeze, post: 13039055, member: 86726"]As with any open fund, there are riskier parts. Unless you have a specific fund that prohibits certain risks, you will have some speculative parts. In the end, that is not really addressing what I’m asking. I can’t count how many times I’ve heard on this board, “you can’t make money in coins” or “you can’t invest in coins and make money.” I’m dumbfounded that people believe this. There are so many examples of how that statement is 100% wrong. As soon as the idea of a coin fund is introduced, everyone goes into that mindset. A coin fund has some particular issues that would require some serious thought, yes, but it is doable. Yes, there have been failed attempts. But, showing a chart to reference 1 year that was bad, which was 33 years ago, I might add, and not also mentioning that the same chart (the PCGS3000) shows that as of today, the index has a +7,027.15% return, is part of the mindset of, “coin funds won’t work, period.” So, with an industry chart of coins showing a +7027.15% return since 1970, does everyone believe that no one is smart enough to make that work as an investment? If so, this is not your thread. If not, then what do you believe could help make it work?[/QUOTE]
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So, you are in charge of a coin investment fund. What would you do?
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