ETF

unshak3n

"Tourists"... They enter the niche, learn the best possible way to store bitcoin, watch videos and experts in bitcoin, bought the security state of the art hardwallet, and lost it all. If they have bought ETF, or even Strategy stock, they'll be safe. THIS is ridiculous.

unshak3n

"There is no set it and forget it in Finance." Bro, just buy Blackrock's ETF and you are unhackable. Self custody is dying.

wildvision

Wehn you buy from an ETF doesn't that mean the ETF has to buy bitcoins and put them somewhere and also risk hacking? Is it that much different?

Jayson330

Honestly the cases for leaving it on an exchange or buying an ETF are increasing.

FallingKnife_

Now all the guy has to do is a) Short a Bitcoin ETF, b) move his Bitcoin, c) make a sad Reddit Post about how he lost 100 Bitcoin, and d) cover his short and reap the profits. Brilliant.

unshak3n

I was one of the victims of Coldcard. "a drop in the bucket" sounds not nice when a lot of people lost entire life savings. Anyway, I don't even want to think of btc right now, but if I'm going back to this someday, it will be in ETF. No self custody. Never.

DRAGULA85

I have to sell and pay tax to get into the ETF. It’s an ugly solution

Abject-Stretch-1187

Well we will see buddy. At this point, thinking 100% on either side isn't practical but assuming the future of BTC is ETF is just nonsense considering more than half of the world will use BTC but won't and dont have access to ETFs nor the banking solutions available to those in the West. This is why I believe self custody will grow alongside ETF users, you know why I know this? I am from a 3rd world country and we are not using freaking ETFs but self custody.

Specialist_Trust4945

They trusted and didn't verify. When you do anything in the Bitcoin ecosystem, you're expected to don't trust anybody and to always verify everything. You can absolutely trust someone else, but don't expect sympathy from anyone. If you don't know what you're doing, you're better off keeping your funds in a CEX or buying an ETF - plain and simple.

DonTheHolder

All of them have firmware from the internet. Get a ETF such as IBIT or GBTC or CEX such as Coinbase. Let the experts guard your cryptocurrency and trades Let the security experts protect your assets. Not to mention being wrench tortured, dying without a heirloom to pass on or the most important thing a simple beneficiary list with no charge such as a will or trust. Don't you keep seeing the same thing? Low end security devices that hold your wallets, low end, or solo owned exchanges with not backing or solvency? Wake up. Get good. Stop getting rekt. It's embarrassing 😳.

ottwebdev

All these ETF posts should be fodder for conspiracy theorists to push a "coldcard situation was funded by xxx etf company"

DonTheHolder

Yes the coldcard and FTX issues. All of them have firmware from the internet. Get a ETF such as IBIT or GBTC or CEX such as Coinbase. Let the experts guard your cyrpto and tradesm Let the security experts protect your assets. Not to mention being wrench tortured, dying without a heirloom to pass on or the most important thing a simple beneficiary list with no charge such as a will or trust. Don't you keep seeing the same thing? Low end security devices that hold your wallets, low end, or solo owned exchanges with not backing or solvency? Wake up. Get good. Stop getting rekt. It's embarrassing 😳.

pjb1999

L take. Crypto is absolutely mainstream in some ways. You can literally buy into the crypto ecosystem on the stock market. Apps like Cash App and Robinhood make buying actual coins incredibly easy. The largest financial institutions in the world are exposed to cryptocurrency. Incidents like this Coldcard fiasco where people are experiencing MASSIVE losses through no fault of their own are deadly to the long term health and acceptance of cryptocurrency. As AI gets "smarter" and computers get stronger we may see more stuff like this happen and if that's the case it's basically a wrap for crypto as we know it. Even someone like me who's been investing since 2017 and believes in the long term potential is seriously thinking about selling at least half of my BTC next times it hits ATH and just dumping that money into my VOO ETF. Self custody is just too stressful in the long run. I don't wanna wake up one day to and have tens of thousands of dollars of my crypto gone because Ledger had security incident or something.

Ok-Astronaut4952

You honestly believe crypto isn’t mainstream? You know about the ETF right?

BuyFluid5006

How is Bitcoin NOT mainstream? We have ETF’s, companies leveraging debt to buy BTC, there’s crypto ATMs basically everywhere, basically everyone knows what Bitcoin is. IMO it’s completely mainstream. Whether it’s being used is a separate conversation tho

DarwinGhoti

Because I’ve been holding bitcoin in both a hard wallet and some in ETF, and I’ve never heard of it. If people want universal adoption, it needs to be accessible to people who barely knows what it is. The alternative is that it becomes the fiscal counterpart to Magic: The Gathering. You can lay waste by tapping some red and black manna at the right time, then ask the internet why everyone else is so stupid they didn’t do it

bemyantimatter

There is a fee with Fidelity, so over the life time of your holdings that could add up. Fidelity, like exchanges, only provide an IOU, so if their system would be compromised, your IOU might disappear. Many people don't find the risk of self custody *worth it* so they by the ETF, but keep in mind, the ETF was non existent prior to January 2024.

00-SilverShot

I've always spread out my holdings. Some one a hardware wallet, some on a soft wallet, some in an ETF. Don't put all your eggs in one basket and stick to the major hardware wallet vendors who open sources their firmware (Trezor for example). Generating your own seed with dice is a good idea. I might do that, plus generate a strong passphrase.

Intotheparadise

Same, that is why I am thinking of just going the ETF route too.

Impressive-Gene-421

I’d probably stick to an ETF though lol

YellowRobeSmith

IMO much better that than dealing with seedphrases, passphrases, firmware, sending and receiving, transferring, becoming a bank, dusting, exposing, leaking, hacks, dice, etc.. If your plan is just investing and hodling then an ETF is more simplified and logical.

brainrotbro

Or just don't keep all your eggs in one basket-- it's why the saying exists. You can keep some in cold storage, some on an exchange, and some via a bitcoin ETF. It's not that hard. Risks exists for all three, but they're different risks.

DRAGULA85

Change WTF to ETF

Unbalanced_Acctnt

Just my 2 cents, but diversification wins for me. Some self custody, some ETF in a Roth and some on exchanges. Just risk management in my mind. I still believe in self custody, but am not willing to risk everything with one method.

Far-Caterpillar4695

Bitcoin ETF and it is safer than all of this other shit, you hold Bitcoin with none of the hassle and you can trade it anytime you want. Best way to own crypto for sure.

lepamala

My standing comment is “don’t invest in anything that you don’t understand or that someone is pressing you to buy”. Most of the people with posts similar to this should have stuck with a fiat savings account or bought an All World Index ETF.

IBAN-IBON64

L'investissement c'est la diversification. Crypto Action obligation ETF etc..... Et varier les endroits de stockage ...et sécuriser. TREZOR pour moi avec une passphrase est le plus sécurisé.

Shyssiryxius

Honestly, chuck a 3rd into the ETF. Spread the eggs so to speak

Imbahr

most people nowadays in 2026 who have any exposure to bitcoin at all, including ETF exposure, are not in it because they care about the original reason of wishing for system collapse just be happy with making fiat money investment with bitcoin, and stop waiting for a total system collapse

DyehuthyTV

Yes, I agree. If you are not someone who is willing to learn more than what you already know, then without a doubt an ETF or another investment product that is 'simpler' to understand and gives you exposure to Bitcoin (returns%) is an alternative. Obviously, buying these types of instruments has a completely different purpose from owning Bitcoin (sovereignty), beyond simply being an investment in terms of a Fiat currency (unrealized gains in $$ by holding an Bitcoin ETF). :D

Gunnar_Peterson

Sorry to hear that. Can I ask why you didn't diversify where you held BTC? Why not keep some in a different wallet, some on an exchange and some in the ETF?

fugogugo

and who could guarantee BTC ETF would be safe?

ElderMight

So if a custodian like Coinbase gets hacked and loses bitcoins, ETF holders are still screwed. Got it.

Full-Atmosphere-4818

I somehow suspect it does not work as cleanly as one might think. The custodian is not a member and they hold the keys. If the keys are compromised and the Bitcoin stolen, I do not think SIPC is coming to the rescue. The ETF and the custodian are legally separate entities. Usually these companies get super-CAT insurance from the likes of Aon and Berkshire for events like this but they have limits to payouts and if an ETF lost hundreds of millions in a cold card theft, I am not confident in payout. But I can't be sure I am right.

GeneralZex

SIPC protects at the brokerage level for user funds and securities held with them. Meaning Fidelity the brokerage that you login to and buy/sell securities on is protected. Fidelity the manager of the ETF almost certainly is not and is a legally separate entity (even before we get into how SIPC doesn’t protect a bunch of crypto related things). The custodians can have insurance. Coinbase advertised this with their Vault feature back in the day (maybe they still do I am not sure). Coinbase custodies for Blackrock if I am not mistaken. So if they lose funds for Blackrock insurance should pay out to Blackrock and then Blackrock can distribute that to ETF holders. It’s doubtful the likes of Coinbase are using ColdCards. They don’t talk much about their key storage for security reasons but airgapped geographically distributed multi-sig keys is the gist of it.

Difficult-Repair1295

Na not selling bitty to buy an ETF. But I am not opposed to and do own the ETFs for diversification.

auniqueusername2567

I think it’s reasonable for a speculative asset. If we were using it as a currency, maybe self-custody makes more sense. I started buying GBTC when it became available in my Roth IRA. Now, I’m starting to buy BTCI, which is a different kind of ETF. You can look into how it works on their own site, or in the interview they did with Armchair Investor on YouTube. Basically, they do hold \~50% of their shares value in iBit’s ETF, but they make money by selling covered calls which produce income based on Bitcoins inherent volatility. People have criticized this strategy as it misses the parabolic gains during bull cycles, but I think we’re not seeing the real parabolic growth we had in 2017, 2020, and 2024 anymore. Still, the strategy might outpace the base price growth because it capture some of the price swings due to holding iBit shares, while also generating usable income from its option strategy. I hold both GBTC and BTCI. You can use DRIP to compound your value with most brokerages too!

Full-Atmosphere-4818

One advantage I felt Blackrock and Fidelity had on self-custody was SIPC Insurance. SIPC is the brokerage equivalent of FDIC Insurance. It protects against theft from the brokerage or their own incompetence if they lose your funds. Alas, for reasons I am not yet able to fund, it does NOT apply to Bitcoin ETFs. This is very clearly listed in their prospectuses. Here is the exact language.... "The trust is not a member of FDIC or SIPC, and that assets held with the custodian aren't subject to FDIC or SIPC coverage." Ouch! So for example, if an ETF used Coldcard and they had their coins stolen in this hack, no one is stepping in to make you whole unless the custodian wished it. Which I would not count on.

Heavy-Syrup-6195

Hodling what I currently have but will only be buying ETF moving forward.

didnt_hodl

yes I mean in the ideal world you would not even need to sell anything, just exchange BTC for ETF shares directly, "in kind" commodity spot ETFs usually have that feature, but normally it is reserved for very large investors for retail, yes, we will have to sell, pay the tax, use what remains to buy the ETF.

DonTheHolder

No ETF and CEX do make it super simple.

DonTheHolder

I thought about it. Now I do not regret it. I would have never used a passphrase. And chose ETF or coin exchanges instead let them manage those Securities as that's their daily job and their business

JMoon33

If you invest in a new technology like the Bitcoin you can't expect ultimate safety. It's one of the reasons people just avoid crypto completely or invest in crypto ETF instead, there's risk (and rewards!) to buying, holding and selling straight up crypto.

Ms_TitAdorable

ETF flows are getting more interesting. Worth keeping an eye on.

FallingKnife_

There's another option that not many people talk about or recommend, which is distributing your Bitcoin across different strategies. Why risk everything on a single privkey, device, hot wallet, cold wallet, exchange, ETF, or service. If ease and convenience is the main point, we now have liquid Bitcoin ETF's, and they are just fine for the average Joe. No judgement here. I have my own reasons for holding most of my own keys. I'm ok with the risk. I understand it. I've lost Bitcoin many times over the past 15 years to many different exit scams, hacks and mistakes. I get it. But for the world we live in today, I'll will just say to you, BTF ETF.

hiimtashy

I still hold quite a large amount of Bitcoin in an ETF. Yes I sold my cold storage Bitcoin and yes I took a circa $5000 capital loss to offset against future gains. I wanted to reduce my exposure to Bitcoin after the Coldcard hack.

Full-Atmosphere-4818

It's not propaganda when 1,200 Bitcoin have been stolen from CC, it's a legit alternative. How many Bitcoin have been stolen from ETFs so far? I think the answer is zero. For people with $5000 or less, I see no reason to not own a low cost ETF. Honestly, not sure I see a reason not to under $20,000 or more. If someone has $2500 in Bitcoin, the cost of three devices is more than the ETF expense ration and 100x more complex, and it appears... more dangerous to theft.

Typical-Snow3034

Hey. CoinRabbit team here. The choice is not limited to either managing several keys and devices yourself or holding Bitcoin exposure through an ETF. An ETF removes key management, but it represents price exposure rather than Bitcoin that the holder can send or use. A custodial crypto account also removes seed-phrase management while retaining functions such as deposits, transfers and access to crypto-based services. The trade-off is that the provider controls the keys and introduces counterparty risk. CoinRabbit operates in that third category. Users manage assets through an account rather than a recovery phrase, with account recovery, 2FA, passkeys and withdrawal address whitelisting. The underlying custody model uses 100% reserves, cold storage and no rehypothecation. That is simpler operationally, but it is not equivalent to self-custody and should not be presented as trustless. Mass adoption will probably involve all three models: self-custody for direct control, custodial accounts for accessible crypto utility and ETFs for people who only want market exposure.

biowza

Genuinely curious what your thought process is here. Bitcoin is meant to be a safe, easy to hold store of value that is outside of a large institution. By holding a Bitcoin ETF you're admitting that you don't think buying it is safe or easy to hold and you're relying on a large institution to track its value. I'm not trolling but I'm trying to understand the use case for Bitcoin here if people are moving to ETFs because they aren't comfortable holding it themselves.

TipTup85

It's been crazy to me how people just say not your keys, not your crypto if you don't use a cold wallet. A public company like Coinbase who cusitides multiple big companies and ETF's while their numbers are public feels so much safer

SwimmingPatience5083

I mean… there’s no reason not to just hold IBIT at this point. Has been this way since the ETF’s launched. Idk what anyone is trying to prove with self custody

No-Guava-4004

Nothing magic about ETF. These Bitcoin are also in wallets that maybe insecure

No-Guava-4004

Why can't ETF also lose everything? It's not some golden solution

painfuldrp

Sure. But at that point why not just leave it on exchanges or buy the ETF if you’re going to trust others anyways?

RevengeTrade

Scamael Bailor should be arrested for fraud and conspiracy to fraud. He’s conducting unlawful business. MSTR is a scam. MSTR collapsing would be the best thing to happen for BTC since the ETF.

flannel_jackson

No the point I’m making is that there is no good reason to own bitcoin. 1) you can hold it as intended for an exchange of goods/services without government intervention/regulation, which exposes you to a real risk of absolute ruin, or 2) you can hold it in at ETF wrapper and gain all the benefits of tradfi but give up the entire fundamental reason for bitcoin existing. If bitcoin solves a problem for you great. If you hold it just bc “number go up” then tough shit dog speculation often doesn’t pay.

BallisticTherapy

Wait until a major ETF gets blown up from some sort of security breach. If that happens then I will think it's pretty much over outside the cypherpunk niche realm and contries that have no better options for capital preservation.

LuckySage77

There's others reasons to be in Bitcoin besides self-custody. Cross-border payments, bank account banning, payment processor fees, shorting fiat, volatility, pure conviction... list goes on. But yeah, for those not interested in self-custody / "free" (as in freedom) of the money — at this point just get into an ETF or some derivative exposure. The whole selling point of Bitcoin (besides fixed supply) is removing the need of a trusted party to securely store and transfer funds. It is a growing pain... but Bitcoiners are FAFOing. That lack of need of trust *DOES NOT AND SHOULD NOT* extend to hardware vendors/your wallet. I think what makes this whole situation so detrimental and worrisome to Bitcoiners is that it was a _direct_ attack on security at _literally_ the lowest level possible – the cryptographic foundation of self-custody (specifically HW wallets). *The lesson has been learned the hard way:* add redundancy — multi-sig and/or passphrase. But I don't think self-creating entropy via dice-rolling is "the way" (personally). It is too risky. I think added redundancy is probably safer.

Benefactores753

they don't get a loss, the company does. So as an investor u buy 1000 shares at $X, & that is going to generate u $100/mo in income. The company makes money by buying & selling, then returning a % of the profit to investors with the goal of keeping profits above the NAV. If ur NAV drops, then u do a return of capital, meaning you return some of the invested $ back to investors, but they still have their 1000 shares, but instead of their cost basis being based on initial value of $X, their cost basis is now reduced by the amount u returned. As far as investors are concerned, they are still getting their % return on monthly or quarterly basis, & still own their total shares. Look at income generating funds (ETF's) they all follow this strategy. When their profits don't cover distributions they simply do a return of capital to maintain the payouts. The ROC lowers your buy-in price not the shares you own.

flannel_jackson

But holding them in the ETF wrapper completely eliminate the one narrow use case for holding bitcoin in the first place - to use it as a medium of exchange.

DifficultSquash1517

Sorry this happened to you as I've lost big amounts of money in my life but thankfully never through crypto I'm an old G in this space since 2016 and I only buy the ETFs these days that should say a lot 🤷 I try to preach diversification and getting money out of hot and cold wallets. The main bonus besides being much safer in an ETF is that you could really turbocharge your money by writing calls on your positions generating sometimes up to 2% a month. A lot of people can live off of that 2%

Possible-Magazine23

I lost most of my BTC in 2022 across several exchanges. I'm still here now. Take this as a lesson, start saving now, and consider ETF. Move on!

Possible-Magazine23

I lost fund on Celsius blockfi Voyager holdnaunt Midas in 2022... i switched to ETF this cycle. Much better sleep now

Lovefordividends

I have some on Coinbase, never moved to cold storage. Plus, I’ve been buying some in ETF’s

Virtual-Ordinary2421

You wouldn't store a million dollar cash at home, let alone walk around with it on your keychain. Unless you're a criminal and need to do business with other criminals in cash. But cash is untraceable, bitcoin isn't... I simply own stocks and ETF, I don't hold significant amounts of other currencies (real or imaginary) in the hope that the other currency goes up in value. I invest in businesses and real estate that (hopefully) make a profit and I get to benefit from those profits. The value / stock price is less interesting since I usually don't sell for many years after I bought something. The yearly profits they pay me (dividend) is the interesting part.

omg_its_dan

Everyone has to weight the options on their own. If you aren’t confident that you can set up self custody securely there is nothing wrong with not going that route. But I would strongly recommend an ETF over holding coins on an exchange.

DifficultSquash1517

I'm sorry too I've lost big amounts of money in my life never in crypto though I wish more people would but their ego aside and just buy the ETF if you're only interested in price action. If you're interested in the tech for some reason stay with that cold storage wallet I want to know what you in this space since 2016 and I won't touch a hot or cold wallet that says a lot 🤷 I sleep very well at night knowing that if my ETF is ever compromised for some reason that block rock is going to make good on it.... Actually I'm 100% sure of that And the best part of all of this is my ETF earns about 1.5% a month in covered call premium

dvondurden

I have to think more about it, a lot of things to consider for every option. The case has surely been an eye opener that even the recommended solutions cannot be blindly followed. I still believe in Bitcoin as a concept, nothing changed here. Exchange is kinda the worst of everything, no control but risk without regulation. So it's either self custody or ETF I guess. Don't like any of it too much though at this point

ConstructionNo8827

I realize this is likely an unpopular opinion on this thread but isn’t it best to invest in ETF’s instead of Bitcoin directly?

bidsimpleapp

I mean at some point this is a bit redic right ? It's not exact trivia to set this stuff up. I don't see why I wouldn't just use an ETF at this point I mean it has sipc protection at least right

Traditional-Tune7198

So whats the safest? Id say crypto ETF with a bank is the safest.. I got my bitcoin etf in my tax free account.

TxTransplant72

On top of this…don’t forget the 2008-2009 financial crisis. Banks can and do go bust overnight. So thinking about where to store your assets, diversification is still recommended. Say you move your BTC to an ETF and the ETF gets attacked and BTC goes missing. SPIC protection is outlined as follows: Protection for brokerage accounts These accounts (taxable brokerage, Roth IRA, or traditional IRA held at a broker) are generally protected by the Securities Investor Protection Corporation (SIPC) if the firm is an SIPC member: • Coverage is up to $500,000 per customer per firm, including a $250,000 limit for cash. • It protects against the loss of securities or cash if the brokerage fails or assets go missing (e.g., firm insolvency), but not against market declines, investment losses, or bad advice. • Different account types often count as “separate capacities,” so a taxable brokerage account, a traditional IRA, and a Roth IRA at the same firm can each qualify for their own $500,000 limit (potentially $1.5 million total in that example). Traditional and Roth IRAs are typically treated as separate.  Many brokerages also use bank sweep programs for uninvested cash. Once swept to partner banks, that cash can receive FDIC insurance (up to the standard limits, and sometimes higher if spread across multiple banks). So, seems prudent to spread your custody around. These are dangerous times, friends. Stay safe out there.

TryNice304

Honest question back: After this, are you still self-custodying? Or moving to ETF/exchange?

ARRRtoshi

An ETF isn't a bank. There is no way for me to make a purchase using an ETF. Looks like your Bitcoin basics need some refreshing. A bank issuing credits on bitcoin they custody for users was one way Finney saw to scale bitcoin. He wasn't advocating locking it up in an ETF that is useless for anything other than price speculation.

dvondurden

Exactly. It's just too hard and risky for the average person, as this case clearly shows. But if the ETF is the only alternative, the idea behind bitcoin is dead

ARRRtoshi

We startet trying to exit the fiat establishment with BTC. Now we're letting the fiat establishment custody our BTC in an ETF, which makes it useless as actual money.

arveena

I agree but I also think you forget one super important point. Lots of people buy BTC not because its decentralized but because its deflationary AND decentralized. That's what makes it valuable even in it just beeing decentralized is not needed for you it beeing deflationary AND decentralized may make it better for you than stocks or gold. Those people should still just buy an ETF though

dvondurden

Why not buy an ETF then?

CheapTechnology6193

I'm not so sure this couldn't happen to anyone, including an ETF.

kovie37

I've switched my exposure to ETF's. They might not be safe either, but at least there might be some recompense if something happens. Not to mention, my ETF's are in a TFSA so I don't have the headache come tax time.

tomandrews

By that same logic, how do you know it will go up? All we have is historical data, which suggests BTC operates in 4 year cycles. I subscribe to that logic, whilst also  watching liquidity, Fed policy and ETF flows rather than counting months from the halving.  This has worked well for me, and I’ll continue to apply that logic. Not financial advice, obviously, and you know your own position better than I do.

RC-5

Your brokerage account holding an ETF can also get hacked, so… 😛

New_Confidence4197

the ETF custodians use cold storage with multiple layers, not some hot wallet sitting on a server waiting to get drained

futurefloridaman87

It’s called SPIC coverage. In some crazy world where that happens, BTC ETF owners are covered on the first 500k under SPIC since the ETFs are obv all securities. Firms all buy excess coverage over the required 500k amount, most all the way to amounts no one here has. For example Charles Schwab, you’d be covered on your first $150 MILLION of value.

Best-Salamander-2655

I don't think SIPC would cover loss or theft of bitcoins held in an ETF. A security lapse would likely result in a collapse of NAV and heavy losses. 

LeftMorning6141

bot opinion... decentralised currency but u want to trust a random company?? literally the opposite of btc... may as well just hold it at an exchange or with an ETF atp at least theyd insure u if they get hacked.

Azatis-

Have your own BTC in your cold wallet they say... i might say fuck that, gimme ETF if this continues

God_Hand_9764

Who said anything about fiat currency? Like yeah, obviously they may trade it for that as the exit, but to just sit on the fiat for years from there? Total strawman argument. You could immediately dump the proceeds into a good stock market ETF and it would be a wise diversification.

Sneezy_23

Sorry for your loss. Everyone else, this is why you don't keep everything in one asset, and if you do, at least spread it over wallet systems: X% in ETF, Y% on wallet Y, Z% in wallet Z. I don't know how someone can sleep at night with keeping X years of work just sitting in one chest behind one defensive wall.

indolering

> From this, we would expect that wallet manufacturers will be hyper-vigilant about their entropy code I've ground some meat in my time and it's **absurd** how hard this sort of thing is *even when you are hyper-vigilant*. The field just hasn't caught up to the point that it's financially feasible to implement formal methods or pay for end-to-end certification. > users will (hopefully) use things like passphrases, dice-roll, and multi-sig.   As much as I want that to be true, I'm a UX engineer who has worked in crypto and it's not that simple.  Every additional unit of labor and skill decreases the usability of self-custody. I know soooooooooooooooo many people that forget or fat finger passwords, including myself. > This is almost certainly a one-time event RNG failures happen ALL the time across the industry.  It's really complex to implement well and difficult to test. > And the blame lies solely with ColdCard, not with the way Bitcoin works. It's unfortunate, but nothing more. If you want to sell your Bitcoin because of that, no one is stopping you, but I don't think it's a logical conclusion to come to in this case. I invest using an ETF, that way the bank is on-the-hook for security failures.

sunflowersaint

If BTC isn't fundamentally secure, your ETF stake is worth zero.

ivme

Confiscating all ETF BTC is only one button. Going after every Bitcoiner would cost more.

achtwooh

Why don’t you buy an ETF through a bank or broker?

dz4505

Probably will be downvoted: but unless you’re a hardcore user, just buy the ETF of Bitcoin. You don’t want/need to manage your own wallet.

achtwooh

Not sure why people are not buying an ETF or similar with reputable well capitalised brokers at this point if you are buying and holding.

Consistent-Two-1232

Invest in a retirement fund if you can, like vanguard trust YYYY where Y is the year that you intend to withdraw and start retiring. Or s&p 500 or similar stable ETF. There's so much bad investing advice out there, you gotta just go with the basic boring get rich slow scheme. It's worked for over a century now. I know you've got no incentive to believe me but I try anyway. Breaks my heart to see people lose their retirement to "all in" style investment...

Specialist_Trust4945

Cold wallet (either hardware or software airgapped, second option only if you know what you're doing around computers) with seed phrase actually random - so creating your own entropy without trusting any computer-generated RNG. Or, if you're not one of those crazy people that think government will eventually confiscate your BTC, just buy an ETF.

stay_safe_and_calm

I am absolutly with you.! But , non-bitcoiners (people who buy bitcoin ETF instead of real bitcoin) will say if an air gapped hardware wallet can be "hacked" - what is not the case here - than Bitcoin itself is at least "supicious". I hope for lower prices in the next days to stack some more Bitcoin. 😄 But instead of my ColdCard Mk4 (with my manually dice rolled seed phrase) I will now only use my Keystone Pro Bitcoin Only for signing. It is is also air-gapped and open source and a really nice piece of hardware. ...

Specialist_Trust4945

No advantages. Someone will try to depict a scenario where the government goes full tyranny mode confiscating your BTC held in CEXs or through ETF/ETNs. That sounds like bullshit to me.

Fit_Service8662

Just go with the IBIT ETF