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I wish I could throw 95K in right now. I’m selling all my vanguard ETFS on Monday. Hopefully we stay in this range or even get a little dip.
Stocks (ETFS) for retirement, all in bitcoin for bridge to rerirement (which ever comes first between now and retirement age)
Below is the same advice I'm giving my own mom. I would say she can "start" getting exposure to Bitcoin via ETFs like $IBIT or $FBTC. She'll have the reassurance that huge asset managers like Blackrock or Fidelity are backing it up and it'll be very easy to get that exposure. She can then ramp up her exposure to ETF based Bitcoin as she feels more comfortable with the risk. I think the #1 issue is "knowing what you own", don't stress or get shaken out by volatility, and consider this as a truly long term hold. In the meantime, she can do research and learn self custody and all the benefits, risks, and responsibilities there. Then depending on her comfort level, either keep holding those ETFS, or then start taking self custody starting small and ramping up as she feels more comfortable.
Yea all the ETFs he was approving too. So many ETFS, definitely the best ETF he approved was the XRP ETF.
I'll say it again, but blockchain revenue is only a very small part of what generates value. People do not hold $ETH because they feel they are entitled to a share in the fees it generates. $ETH is first and foremost a store of value. You cannot compare staking yield to a HYSA yield; they are fundamentally different assets. The yield makes $ETH the asset productive, but it is $ETH the asset that you desire in the first place. Again, $ETH is a store of value. Holding cash in a savings account is losing you money. Deflation was not a goal of the merge? I don't know what you mean by this. The merge was the transition from Pow to PoS, moving to a more sustainable consensus mechanism which is also part of minimum viable issuance. EIP-1559 was implemented to aid user experience and stop users overpaying for transactions, and the burn is a side effect of this. It's not relevant to the merge or consensus. And I'm not sure what you mean about killing miner incentives? What do you mean other chains have been better onboarding? ETH has an ETF and about to get staked ETFS; it is creating institutional demand. BlackRock's BUIDL fund is 88% Ethereum. Stablecoins are 66% Ethereum. Ethereum is the default choice.
I'm in Australia, the rules are different and it's causing some confusion here. I can assume the role of director for my own fund and move my funds over to it and invest pretty much as I please, like buying btc and moving it to cold storage. I didn't consider that other countries can't. I think if it were allowed in America there would be more buying on exchanges and less weird paper Bitcoin shenanigans happening with ETFS
I just got a call from a Wells Fargo Broker. WF can now add Bitcoin ETFs to client portfolios. If big institutions start buying ETFS, it will drive the price of Bitcoin up.
I changed strategies many times and it let to that situation, I started with dividend stocks to the. Sell out and buy ETFS I then sold those too for more risky tech and AI stocks but I’m just tired of stocks
The sentiment on various subs is pretty entertaining r/cc is in shambles, most people there are just bitter and pissed that their shitcoins aren't being treated as respectfully as bitcoin. For many others this news is somehow not bullish enough because they didn't announce they are buying 1 million bitcoin or whatever. r/wallstreetbets are seem really annoyed and some people pissed about this news. The sheer amount of hate for a neutral digital store of value is just so ridiculous to me. You can take bets on who doesn't have any bitcoin and is secretly bitter about that just by seeing the degree of anger coming from some of those degens. What is obvious is that anyone who doesn't understand bitcoin thinks this is bearish, while anyone who understand bitcoin on a non-superficial level and especially those who has been in the space for several years know this is one of the most bullish stamp of approval we have ever and maybe will ever get outside of the ETFs. We now have US ETFs, foreign ETFS launching regularly, consistent adoption growth globally, sovereign wealth fund acquisitions, insurance fund acquisitions, corporate acquisitions, growth in mining and the hash rate, new jurisdictions and states announcing bitcoin interest or reserves at least monthly at this point, the largest fund managers in the world behind bitcoin, some of the richest people in the world acquiring or talking favorably about bitcoin, many of these rich people conceiving new bitcoin strategies (Lutnick, Sacks, Saylor), banks being allowed to custody bitcoin and lots of talk of bitcoin financial products being developed like loans/financing with bitcoin and bitcoin bonds... All of this bullish momentum AND NOW the US government is making their current bitcoin an official reserve with the door opened for creative ways to acquire more (sell gold reserves, issue bitcoin bonds, mine using excess/wasted electricity, etc.). IMO this was the best possible scenario to announce a reserve, with only budget-neutral considerations to acquire more in the future. That keeps most people in the mainstream tranquilized and difficult to be able to criticize it if we aren't using tax payer dollars. This keeps them from aggressively resisting the reserve and allows a much smoother curve of adoption moving forward. If we had announced some sort of budget-related attempt to acquire more, people would fight this hard. Go look at any mainstream sub and they think bitcoin is a joke and the US having a reserve is somehow bad. So this approach instead is very grounded and balanced and is in my opinion the best case scenario since it still sets the foundation for acquisition by the US government, prevents anyone being able to come out against it with any strong arguments to resist it, and it basically signals to the entire world that bitcoin is a legimtate asset that won't be banned and that is worth holding and especially worth trying to get in early. Anyone who thinks this is bearish is just plain and simple a short-term thinker or holder, hoping they could triple their gains overnight. This instead is a massively important stepping stone for bitcoin's growth and adoption is yet another incredible tailwind. The past year of bitcoin has been mad. If you wrote this all out 2 years ago, I would have said that you need to get your head checked, and yet here we are. tl:dr: this is bullish af
In hindsight, they’ll realize they should have focused on security instead of ETFS.
Problem is the market has topped and ETFS have no interest in altcoins. The liquidity all goes to btc now and rotates from one alt to the next. Look at eth/btc pair as an example
How many ETFS did the democratic Gar Gensler shoot down?
How many ETFS did the SEC shoot down?
Will be interesting to see what happens when the market opens - could drop further with people scared to hold ETFS over the weekend with all the uncertainty
Last 3 days has seen 2 Billion $ outflow of ETFS, I would not worry too much about BTC running out.
Not huge into crypto tbh So for me just bitcoin and Ethereum. I just invest into the ETFS tracking the coins tbh
Don’t leave your BTC on exchanges, ETFS or whatever it is that is not under your control, they WILL keep your bitcoin later on and there is nothing you can do about it when that time comes. The ones who understand Bitcoin will never ever keep their BTC away from their hands.
Just seen in another chat - "BTC ETFS are better than buying BTC because they don't use as much electricity". We still have a way to go, peeps
Very very true I had been following for many years and thought about it a lot but only when the ETFS came in did I see it as being mainstream enough for me to take a real punt
When I missed the boat over and over again since 2013-14 then the ETFS were approved, then I read The Bitcoin Standard.
Guys they are rolling in today! In a 13F filed today, Wisconsin's state pension fund reported owning $321.5 million IBIT (6,060,351 shares) as of December 31. This is an increase from 2,889,251 shares as of September 30. That's a big deal. --- ABU DHABI'S SOVERIGN WEALTH FUND BOUGHT $436M OF BITCOIN ETFS IN Q1
What do you mean? I own ETFS and that's not public
Crypto is a high risk asset. When there is fear in the market, people move their money to lower risk securities like stocks and bonds. Theres also concern about the dominance of bitcoin, which historically has needed to decrease for alt coins to rise. With more institutional interest (companies, ETFS, government) putting more money into bitcoin, it may be the dominant asset for some time.
$260 to $50 China 2013 was -50% $19,000 to $3,500 $64,000 to $16,000 Even when the pandemic hit the market BTC dropped 50% in two days 75k is certainly possible and I would say more likely than continuing to run up. It's different now of a bit of course with institutional money but now it's more of a double edged sword. Buys beget buys for the ETFS .. and the same goes for sells of course. I always tend to expect the unexpected with btc .. with that being said though, there's never a bad time to buy bitcoin.
i hate to break it to you but, sol is in for a rough couple of months. This month theirs a massive unlock , followed by its biggest token unlock in march (4 times the feb unlock), which still hasn't been priced IMO. Still even with this after is clear skies for SOL especially with fire dancer and expected ETFS around the corner. Id recommend going to Jupiter and using the DCA feature , to just DCA into sol these next coming months and you should be good.
I understand that it is having bigger adoption and ETFS are now a thing and maybe the bull bear market won't be quite as volatile but wondered on the severe drops previously
I can at least tell you why I chose Sunday - early 2024 right after ETFS came out, it was a weekly pattern for damn near 10 weeks if not more that every weekend the market would dip before pushing higher Monday morning, and Sunday was usually the tastiest dip. Kept my weekly DCA on Sundays ever since.
WHERE ARE THE BEARS WHERE IS UNDER 90K WHERE ARE THE EUROPOORS Looks like they're wrong again folks it's just another WIN for the BULLS WHAT A TIME TO BE ALIVE THANK YOU JPOW THANK YOU ETFS THANK YOU HALVING THANK YOU DONALD PUMP WOOOOOOOOO BULLS WIN USA USA USA
Normally BTC flows into altcoins after people take profit. People in BTC ETFS arent likely to do the same. Therefore altseason is late, IF it comes.
And to that I will say that you're missing a few things too. Namely ETFS, NATION STATE ADOPTION, CORPORATE ADOPTION, BITCOIN RESERVES. I would agree with you if conditions were identical to other cycles, but there are far too many reasons for BTC to go up significantly more than there are reasons for it to do worse than other cycles. I don't expect it to hit 1 million this year either, but I'm not discounting the possibility that shit can get wild with a wild president calling the shots.
After all the news this week and ETFS, Saylor buying, I thought we'd pump this weekend, I know nothing.