Bitcoin

[Silver Wings]

Will the cycle break and we see ATH this year ?

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No
Sold my ETF at this price today.

 

[bozeman]

$120k by June

 

[fmyth]

No
Sold my ETF at this price today.

Congratulations! I respect your decision and hope you made some $.
I've decided to hold out for wife changing er I mean life changing $. I may have to wait 3 or 4 more years but I'm ok w that.

 

[Silver Wings]

Congratulations! I respect your decision and hope you made some $.
I've decided to hold out for wife changing er I mean life changing $. I may have to wait 3 or 4 more years but I'm ok w that.

Thanks…I made money, not wife changing kind of money unfortunately
I’ve said before that the real thing I hold ain’t for sale and ETFs are for trading. I’m not convinced this is the right move…are we ever? Like you, I could have just let it ride and in a couple years it’ll be worth twice as much, but where’s the fun in that

 

[MountainTracker]

Thanks…I made money, not wife changing kind of money unfortunately
I’ve said before that the real thing I hold ain’t for sale and ETFs are for trading. I’m not convinced this is the right move…are we ever? Like you, I could have just let it ride and in a couple years it’ll be worth twice as much, but where’s the fun in that

Can’t go broke taking profits


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[bdome]

Don’t understand how it can be so volatile yet valuable when it’s not backed by anything so I’m gonna stay FAR away.

 

[fmyth]

Don’t understand how it can be so volatile yet valuable when it’s not backed by anything so I’m gonna stay FAR away.

You don't understand Bitcoin and your going to stay far away from it. Got it.

 

[twall13]

I recently read the book "The Bitcoin Standard". I thought it was going to be a very boring read but wanted to dive in and learn. It was actually a very fascinating book that does a much deeper dive into economics and why we have currency at all, including lots of real world examples. It really helped me understand why Bitcoin in particular is a good store of value even though it's not something you can hold. I still have more learning to do but I highly recommend the book if you have any interest in understanding the basics of why it works. It's a much easier read than I expected.

Up to this point I've only put a little money in FBTC. More than anything I wanted a little exposure as I watched it and learned about it. As I research more I intend to purchase a hard wallet and start buying some actual Bitcoin going forward. It will be exciting to see how things develop over the coming years.

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[LFC911]

I recently read the book "The Bitcoin Standard". I thought it was going to be a very boring read but wanted to dive in and learn. It was actually a very fascinating book that does a much deeper dive into economics and why we have currency at all, including lots of real world examples. It really helped me understand why Bitcoin in particular is a good store of value even though it's not something you can hold. I still have more learning to do but I highly recommend the book if you have any interest in understanding the basics of why it works. It's a much easier read than I expected.

Up to this point I've only put a little money in FBTC. More than anything I wanted a little exposure as I watched it and learned about it. As I research more I intend to purchase a hard wallet and start buying some actual Bitcoin going forward. It will be exciting to see how things develop over the coming years.

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Looking back at the 5 year history BTC is only 5.92% higher than FBTC. The ETF seems pretty efficient to me. Why do you think you need a hard wallet when the benefit is roughly 1% annually?

https://portfolioslab.com/tools/stock-comparison/FBTC/BTC-USD

 

[D S 319]

Looking back at the 5 year history BTC is only 5.92% higher than FBTC. The ETF seems pretty efficient to me. Why do you think you need a hard wallet when the benefit is roughly 1% annually?

https://portfolioslab.com/tools/stock-comparison/FBTC/BTC-USD

look up EO6102

 

[twall13]

Looking back at the 5 year history BTC is only 5.92% higher than FBTC. The ETF seems pretty efficient to me. Why do you think you need a hard wallet when the benefit is roughly 1% annually?

https://portfolioslab.com/tools/stock-comparison/FBTC/BTC-USD

It would just give me more control. I'll still keep my current FBTC but the reality is I don't own the Bitcoin itself there and if Fidelity runs into issues or does something stupid I could potentially lose it. Not likely, but I'd prefer to control it. I do recognize Bitcoin has risks, but that and real estate are about the only stores of wealth that we aren't getting any more of so they will appreciate over time.

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