I would buy bitcoin if I could but I haven't had a computer for many, many years and I don't think a bitcoin wallet on my iPad would be as secure as I would want. The family member who is the admin for our investment club is an IT professional and even he's scared of being robbed or hacked. So we decided to go with HL. The price of each share (£142 on Friday) is influenced by the dollar/krona exchange rate as well as the price of bitcoin. I don't know how or to what extent the fund is capitalised but if bitcoin really skyrockets then I could see them paying up and shutting it down. I suppose it's unknown territory for the managers as an asset has rarely, if ever, appreciated in value as rapidly as has bitcoin.Originally Posted by AlwaysAway2
Good idea getting in but WTF not have control of the currency yourself.
I really think this is a massive mistake.
For the record I paid £2,801 for another bitcoin on Friday afternoon.
I care not what the price is up or down.
What I do care about is having some bitcoin UNDER MY CONTROL.
Good luck to all who are in this before it explodes.
DYOR....only invest money you can afford to lose.
You are very lucky to have got in when you did.
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