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Posts posted by DCX10
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On 7/1/2019 at 8:36 PM, Spreadsheet Ranger said:
@Groovy I like the idea (you get exposure to the upswing (and down), but you do not technically own any of the coins. Owning all those coins is a mission, because you need to keep all your wallets up to date and keep the info safe etc.
So I like the DCX10 "fund", but personally I keep my own BTC (buy it through Luno (anything below $7k is a good price imo.) and then just keep it) for a start, later when you get comfortable you can send the BTC to a wallet like JAXX or Mycelium (my personal one I use).
So in essence, try to buy your coins if possible, but to get exposure to the potensial gains of crypto (minus a 1% per year fee, which I think is a lot, it's too much.) get comfortable and then buy BTC and ETH on Luno and later send that to your own wallet so you are in control. I think @werner and theo other luno guys are on here to assist if you struggle. Ditto for Ice3X I think @IceCUBED Exchange is also here.
@Energy the DCX token/fund is 69.9% bitcoin and bitcoin is down almost 20% from the $14k high, so DCx would be down as well. This should be a long term hold, 7+ years and that is where I find issue with the 1% per year fee, because that adds up.
Great to see forum members discuss DCX10 here - we are honoured!
Owning the market weighted index of the top 10 Crypto's is not the holy grail of Crypto investing, but historically it has outperformed Bitcoin by a margin of roughly 50%. Past performance is of course no guarantee of future returns, but we think the index will beat Bitcoin again. The timeframe is uncertain though.
If you're comfortable with this position, 1% per annum fee for the convenience of managing the composition of the index, fades into insignificance compared to the outperformance. Happy to discuss more...
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DCX10 Token
in Other Cryptocurrencies
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Ouch, that's 2 against 1