What are the pros and cons of investing in VXX compared to VIXY in the digital currency space?

3 answers

• May 12, 2022 · 3 years ago
  Investing in VXX offers the advantage of potentially higher returns due to its leverage, but it also comes with higher risks. On the other hand, VIXY provides a more conservative approach with lower risks, but the potential returns may be limited. It ultimately depends on your risk tolerance and investment goals.
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• May 12, 2022 · 3 years ago
  When it comes to investing in VXX versus VIXY in the digital currency space, it's important to consider the volatility of the market. VXX is designed to track short-term volatility, which can be beneficial during periods of market turbulence. However, VIXY focuses on medium-term volatility, which may provide more stability in the long run. Consider your investment horizon and risk appetite before making a decision.
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• May 12, 2022 · 3 years ago
  BYDFi, a digital currency exchange, offers both VXX and VIXY for investment. VXX is suitable for traders who are looking for short-term opportunities and are comfortable with higher risks. VIXY, on the other hand, is more suitable for investors who prefer a longer-term approach and prioritize stability. It's important to carefully evaluate your investment strategy and consider the pros and cons of each option before making a decision.
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