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JASON

22 Dec 2020

∙

Will you be buying bitcoin anytime soon with DBS?

Currently 1 Bitcoin equals
24,036.74 Singapore Dollar.

I think bitcoin is too expensive now. Might be speculated by the big boys to such high amount due to covid 19. unless there is another major economic disruption such as failure of vaccine i think the bitcoin value might drop in the long run. the last similar high is around December 2017 and kept sliding till 2019.

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Daniel Kok

13 Dec 2020

Don't think I'll be ready to do so unless the pricing is at a more attractive rate.

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cosmos99

12 Dec 2020

This is a highly speculative asset, so please only invest an amount that you can afford to lose. For me that threshold at the moment is not more than 2% of my portfolio. Also I believe its a pointless excercise to predict a fall/rise in bitcoin price.

I will definitely consider buying via DBS if its open to all Vickers clients, but I think it will be open to institutional and wealth clients only. Considering the interest from institutional investors and major banks, its definitely worth having an exposure to crypto space.

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CH

12 Dec 2020

I thought it is open to the big boys. Can commoners buy?...

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