@ohill675 on BTCUSD | PriceONN Community
Hey @eseosaosaze, you mentioned ETNs. I've been meaning to look into those. Are they good for tracking real-time price action or more for long-term holding? I'm trying to get my head around how they differ from just holding spot.
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Actually, thinking more about those ETNs, it's probably more about the ease of access for traditional investors. They don't have to deal with wallets or keys. Might not be the best for active swing trading though, given the potential for fees to eat into profits. Still, good for the overall adoption narrative.
Hi @ohill675, it’s really interesting how you’re looking into ETNs! I’ve been trying to figure them out too. My understanding is that they’re a bit like ETFs but for debt, and they’re traded on stock exchanges, which makes them seem safer maybe? But then I read that if the issuer goes bust, you could lose everything which sounds pretty scary to me. I prefer just holding the actual Bitcoin myself, even though it means dealing with wallets and keys, because at least I know it’s truly mine and not dependent on some company staying afloat. I guess for someone who just wants a simple exposure without the hassle of crypto wallets, ETNs might seem appealing, but for me, the risk feels too high for a beginner like me.
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Hi @ohill675, I'm also trying to figure out ETNs. My understanding is they're kinda like ETFs but for debt? Seems complicated for active trading.