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Bullboard - Stock Discussion Forum Bitcoin Fund Units Class A T.QBTC

The Bitcoin Fund (the Fund) is a Canada-based closed-ended investment fund. The investment objectives of the Fund are to seek to provide unitholders of the Fund with exposure to the digital asset bitcoin (bitcoin) and the daily price movements of the United States dollar price of bitcoin, and the opportunity for long-term capital appreciation. The Fund invests in long-term holdings of bitcoin... see more

TSX:QBTC - Post Discussion

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Post by Lawyerup on Feb 10, 2021 12:30pm

Pull back

As soon as bitcoin or ethereum pulls back and the ETFs drop up pops all the talk about scams, conspiracy garbage etc.  My thoughts nothing absoluting nothing goes up in a straight line.  Stocks, cryptocurrencies, bonds you name it there will be pullbacks and corrections.  If anybody here doesn't see that and is worried you shouldn't invest in crypto and you shouldn't be in any of these ETFs.  For the rest of us this is healthy it opens up more opportunities to add.  Bottom line Musk bought bitcoin, banks are buying bitcoin, ETFs are buying bitcoin, retail investors are piling in.  Bitcoin is finite so the big picture it will continue to go up over the long term.  So any nervous nellies out there please do feel the urge to dump so the rest of us can add more with these pullbacks.  Just my two cents, all the best Charlie.
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