I still have a kinda healthy allocation, i also buy VWRL and Viac every month. But yes we can cry together if it goes to zero.
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How did you check this?
According to SoSoValue, on February 27, the total net inflows for Bitcoin spot ETFs reached $576 million. The Grayscale ETF GBTC experienced a net outflow of $125 million in a single day; the Bitcoin spot ETF with the highest net inflow for the day was BlackRock’s ETF IBIT, with a net inflow of approximately $520 million, setting a new record for IBIT’s single-day net inflow. Currently, IBIT’s total historical net inflow has reached $6.54 billion.
The network produces 900 btc a day, soon 450. inflow was about 9000 btc
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I know who is actually having life changing gains: bought today some BTC on Kraken and the transaction fee this time was freaking 1.5% of the total amount… Last month when I bought it was only 0.15%. A 10x in just one month, holy shit, I don’t believe this is only BTC transaction fee.
Note to myself 
NEVER use again the instant buy function from the webapp or mobile app. Always go for Kraken Pro and trade BTC/CHF instead…
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Sounds way cheaper than Coinbase (Advanced), maybe I should switch the exchange. But then again I‘m not sure if I can trust Kraken.
What you pay even more % fee with coinbase?
And I am not sure I can trust any of them, just had to go for one 
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I don‘t trust any of them too lol. I would even pay to be able to hold those assets at a major Swiss bank. Just for peace of mind.
Isn’t it possible to hold crypto with Swissquote?
Swissquote and Postfinance have crypto wallets. Other will follow.
Also a very positive view for the impact on the environment. It will accelerate renewables.
One of the raisons d’etre of bitcoin is to avoid a central authority in spending AND keeping it. Not your keys, not your coins. It really makes a difference to spend some bucks on a hardware wallet and learn a bit how to store the keys properly. My “peace of mind” is knowing almost all of my coins are protected that way.
I don’t want the bloody amateurs (aka Swiss Banks) to have anything to do with my Bitcoins.
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From your cited papers 3 of them are sponsored by industry / the authors are directly involved in the bussiness of the blockchain. The remaining article is strictelly from academics and it is a systematic litterature review on the topic, saying:
“Unlike the academic literature, non-academic sources had a more broad focus on different types of cryptocurrencies. However, most of the research in the non-academic sphere is sponsored as we could anticipate. In terms of research design, we notice a trend of more applied research with little to no focus on theory building. It is also clear that many previous studies have faced problems because they could not access important data from the industry. This lack of data sharing often causes studies to make mistakes and get the energy use estimates wrong”
“Our analysis suggests that a majority of these studies lack the scientific rigor expected from a mature scientific field.”
As for bitcoinmagazine, peer-reviewed articles are also a potential biased source.
I am not saying that bitcoin do not positively impact the environment… It’s very complicated to measure. Studies that have evaluated this very likely omited certain variables and there is too much hype on this issue to trust the dominant current.
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So I opened a Kraken account (due to the lower fees and ability to send CHF and USD too, not only EUR like Coinbase). I don‘t want to mess this up as I‘ve read way too many Reddit posts about people screwing it up by using the wrong network, wrong method or whatever and losing everything.
- Are my ETH and BTC adresses always the same? Or do I need to check it in Kraken everytime before I send new crypto? Is it like a IBAN or a one-time always newly generated address?
- As for networks I just chose Etherum and Bitcoin network, right?
- Do I need cash on Coinbase to pay the transfer fee?
- Anything else important?
- Or should I just keep it at Coinbase?
- Always check the addresses. They may change over time (but usually with pre info via email)
- yes (not sure about Layer 2 possibilities from Coinbase to Kraken, they would be cheaper)
- no, it’s paid in BTC (or ETH)
- Don’t send CHF the same amount twice the day. One will be rejected and locked for several days (e.g. 500CHF in morning and them 2h later).
- If you hold it anyway on an exchange (not the best way to keep your coins), diversify on multiple exchanges.
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Still have work to do on the environment side.
It took me 5min to find this article from the UN. I guess there are pros and cons articles, depending on “which side you are”
Interestingly from the above analysis:
- Bitcoin price and energy use for Bitcoin mining are highly correlated.
- A 400% increase in Bitcoin’s price from 2021 to 2022 triggered a 140% increase in the energy consumption of the worldwide Bitcoin mining network.
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Thanks! I guess it would make sense to diversify the exchanges.
I know a cold wallet would be better, but I don‘t have the time to inform myself about everything related to that. I must admit that I don‘t know much about the technical stuff behind it anyway.
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Also a very positive view for the impact on the environment. It will accelerate renewables.
No. Indiscriminate acceleration on renewables will only make the problem worse. A real life example of this is Germany nowadays. They built too many renewables too quickly and shut down nuclear. Now their network is unbalanced: baseload covered with coal, crazy high emissions and energy prices (check Electricity Maps | Live 24/7 CO₂ emissions of electricity consumption).
Also, citing @SwissTeslaBull / Perplexity AI:
Renewable Energy Utilization: Bitcoin mining operations can run 24/7, making them ideal consumers of renewable energy that might otherwise go to waste due to its intermittent nature. Miners are incentivized to seek out low-cost energy, which often comes from renewable sources like hydro, wind, geothermal, and solar[1].
Something that works 24/7 is the opposite of what we need if we want to increase the penetration of renewable energy, which (except for hydro and geothermal) are intermittent sources. (check Duck curve - Wikipedia)
My 2 cents. I won’t insist more because it’s off-topic 
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