I was debating if it was time to become a whole coiner or not. Decided against it but to at least increase my stake in it to avoid future regrets in life in case of moon. Not that I’m frustrated in it or anything but when I first discovered Bitcoin it was 2k and I first bought around 4k. Unfortunately I was a broke student and not even in Switzerland so the amounts were even lower. Invested what I could justify at the time also with the help of my mother.
Had I been a couple of years older and thus working by then… what could have been
That being said I could have been DCAing for the last years or so and I didn’t, so there’s also that. I’m not naive to think that that was the “only chance”.
Interesting story, I totally understand that it must be super hard now to buy some BTC at 40k USD when you lived it and saw it at 2k… At that time I always thought this kind of thing is BS but seeing what is happening in the world lately I think it is good to diversify and hence have the goal for 2024 to have at least 1 BTC. Now if it shots to the moon it’s an added benefit if not then it does not matter to much as this is my “fun” money and not part of my core portfolio. I will DCA to reach at least 1 BTC and then further evaluate as necessary (if it has already reached too high levels then I’ll skip). I am really intrigued to see what will happen with the halving in April…
I disagree. An ETF you can only sell during exchange hours.
(not that ever you should sell any BTC…)
I keep 95% in self custody, and 5% on Kraken (and some on Wallet of Satoshi for spending). Kraken let me have quick access in case of emergency.
Well, that’s a risk. But I don’t like the fee with the ETF.
I’m learning my 2x 24 seed by heart. Next my wife must learn it than my two kids.
(Otherwise offline in the keepassxc db with master known by my family).
Maybe I am naive, but I was wondering: given that everyone (at least everyone with a bit of knowledge about BTC) knows about the halving, shouldn’t today’s price take that into account?
As for more specific data, it really depends… Typically we don’t have the public address of El Salvador…which is a shame. But we do have the address of the Bitwise Etf for instance, which is an amazing step towards transparency… Try to do that with a gold etf
We just hit the mainstream with etf, I don’t thing most know about the halving, just like they don’t know that 93% of all bitcoin in existence are already mined. At least I have this feeling when talking with friends or colleagues, they have just never heard of it.
I guess we will find out soon when Blackrock starts to make ads about it.
I see, so you would say efficient-market hypothesis should be in play here. I tend to think that because there is always less and less BTC available the demand will go higher, especially now all these BTC ETFs are available for the grand public. So I believe more into the demand and supply model with the motto that everyone will want to have their piece of BTC cake before it’s too late
I might be wrong here but maybe still not quite the same?
If you have an ETF which has the BTC on Coinbase and Coinbase goes bust then who is at fault? I’d assume that the company providing the ETF has some sort of liability/responsibility.
Same with the ones that do self custody.
Again a lot of assumptions on my side (take all of the above with a healthy dose of doubt) but I’d (like to) believe that at least there’s a bit more regulation on the ETF side and so maybe more security.
It is indeed not the same. If you use coinbase, you are part of a pool, just like with a bank. So you don’t really know what they do with your btc as they don’t publish proof of reserve…
While for the etf it is a custodial wallet(s) managed by coinbase.
The auditing of coinbase is for their financial statement and “control” over client’s addresses, whatever that means. They can still play with the utxo, nobody is checking that. Until they have a full proof of reserve + proof liabilities, we simply don’t know what coinbase does with your btc.
Further proof is how coinbase ALWAYS stop trading during big swings, they simply don’t have the bitcoins they claim they have…
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