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Below my transactions (older than 1 month) from group I: info
Completely exited quickly. I had bought this ETF with a view to NFTs. Early this year, those NFTs started to get quite popular. Many of those NFTs have to be paid with Ethereum. Reason enough for me to buy this ETF. But since the invasion of Ukraine, I've seen NFT sales drop. People are now not thinking about picking up a new hype. It could well become a hype. But it is still too early to invest in this ETF based on that. I see cryptos and also stock markets making a bounce back today (temporarily bouncing up after a significant drop). With this ETF, I'll just use that to get out. We have also seen cryptos react negatively to the conflict in Ukraine. Due to the higher energy costs (oil), mining cryptos will also become more expensive or even no longer interesting. That too is a risk.
Mission accomplished.
This ETF or actually ETN (Exchange Traded Note) does not belong to any group. Reason to place this ETN in each group so that all ETF customers can take note of it. Maybe now it looks like I'm going to invest in cryptos. No, I've never done anything with cryptos myself and I'm not going to do it. So why did you buy this Ethereum crypto ETN? I expect NFTs to become very large. Now it is quite difficult to buy exactly that NFT that will generate a lot of money later on. Too big a risk for me. Nevertheless, I want to be able to profit from the great success that these NFTs are likely to become. After research I found out that almost all those NFTs use the Ethereum blockchain and have to be paid with Ethereum. The reason is that the Ethereum blockchain is extremely suitable for NFTs. The Bitcoin blockchain, for example, is not. Ethereum is currently the absolute market leader among NFTs as a means of payment with more than 95%. There will be alternatives. But it is likely that Ethereum will remain the market leader. So almost everyone who buys an NFT has to buy Ethereum first. If those NFTs become a success, Ethereum will rise sharply due to all those purchases. And that's the reason I'm buying this ETN. But there's more. The energy consumption of most cryptos is huge. Ethereum has the solution. With “the Merge” they will switch to a new type of blockchain in the course of this year. The energy consumption can then be about 1000 times lower and the transaction costs can therefore also be significantly reduced. So with investing in this Ethereum ETN I kill 2 birds with 1 stone. This year, Ethereum will become an extremely low-power crypto that will beat Bitcoin. And the main reason for me; I have a nice spot on the just departing NFT train. Two things are important for a significant increase in this ETN: NFTs must become a great success and even better a hype. Ethereum should remain one of the most widely used means of payment for buying an NFT.
Despite the rising line in the graph sold anyway. Results are too far behind expectations. As risks in Emerging Markets are increasing, the position is closed.
After more than a year sold. There seems to be a top in the chart. It also important to be careful with the debts of the Emerging Markets. The enormous growth of the economies there is also a bit out.
3 purchases in June, September and November 2016. The target was on average 23%. Now sold because there is a double top in the chart.