Bitcoin

[fmyth]

The price of entry is currently $0.0009. Bitcoin can be transacted in fractions as small as 0.00000001. The base unit of bitcoin is a satoshi (often abbreviated “sat”), and there are 100 million sats per bitcoin (same concept as 100 pennies in a dollar).

One share of the Blackrock BTC ETF is $50. Far more people will invest in the BTC ETF than will ever buy Bitcoin.

 

[Ten Bears]

The price of entry is currently $0.0009. Bitcoin can be transacted in fractions as small as 0.00000001. The base unit of bitcoin is a satoshi (often abbreviated “sat”), and there are 100 million sats per bitcoin (same concept as 100 pennies in a dollar).

yeah I poorly tried to state what I was getting at. I understand the satoshi/fractional, I guess what I was getting at is most folks don’t and with the price getting so high how much growth is left to offset the common risks mentioned. It’s difficult to see it continue it’s incredible run the past 15 years. Don’t get me wrong, I want it to go full Michael Saylor prediction level but have been nervous this cycle.

 

[LFC911]

Posted this on the stock traders thread and didn't realize it was probably in the wrong place, so i deleted it and will post it here...

Thinking about putting a small amount of funds (1-5%) into FBTC. Currently holding about 50% cash/50% stocks in a couple of IRA's, preparing for a potential dip in the stock market. What would be a prudent amount of FBTC if any for a growth/risk tolerant investor to buy the dip in the crypto market?

 

[fmyth]

Posted this on the stock traders thread and didn't realize it was probably in the wrong place, so i deleted it and will post it here...

Thinking about putting a small amount of funds (1-5%) into FBTC. Currently holding about 50% cash/50% stocks in a couple of IRA's, preparing for a potential dip in the stock market. What would be a prudent amount of FBTC if any for a growth/risk tolerant investor to buy the dip in the crypto market?

I'm in no way qualified to give financial advise to you or anyone else. I did read that Bank of America's wealth management divisions, including Merrill and Private Bank announced that their clients should consider investing 1-4% of their portfolio in BTC ETF's.