JordenTan
2023-12-29

If you are deciding to invest in crypto, the best way forward is either owning the asset, ie; buying BTC or ETH directly. Or doing derivativeS like options or perpetual swaps.

Other than these 2 options, the risk in investing in a miner or ETF is kinda high risk low returns.

I myself do own a miner that mines $HNT tokens and have been mining for more than a year. This allow me to take advantage of the low concentration of miners and get as much rewards as possible which I already broke even with my miner.

Entering the mining space now poses 2 main risk.

1) Cost of miner is very high now. Which means harder to ROI or break even.

2) Too many miners around = harder to get rewards.

If you are looking to invest in the ETF, do remember that the ETF tracks the asset class. There is management fees involved as well.

But if you purchase the asset, you also stake the ETH to get some yield. Like on a DeFi platform, it allows you to earn 2-4% on your ETH holdings. 

If DeFi isn't something that you are comfortable with, Centralized Exchanges (CEX) like CoinBase allows you to stake ETH to earn some yield as well!

Personally, I feel that owning the asset will be much better than buying a miner or ETF.

Invest in BTC, Miners or ETFs?
Bitcoin and miner stocks are undoubtedly the brightest stars in the market with expectations of spot Bitcoin ETF brewing. ------------- Do you invest Bitcoin or miner companies or ETFs? Will you buy crypto assets now? Or wait for the approval of spot ETFs?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1
9