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Buy 2 BTC, put the rest in global ETFS or index funds and leave it all for 20 years.
About 90% in Bitcoin. Would be more but Tesla shot up more than BC since I bought. Sold almost all other investments to go into Bitcoin (and some into a few altcoins) including retirement accounts (ETFS). Working out well so far.
I feel pretty good putting my whole 401K into BTC ETFS
Institutions are buying on behalf of retail every day. ETFs, IRAs, mutual funds, etc. Over half of a stock like Apple is owned by retail investors via index / mutual funds, ETFS, retirements accounts, and including the 10-15% owned directly. I take it you're new to this?
Crypto is volatile still. You can throw money into bitcoin but who knows what will happen. Experts everyday say "its gonna go huge" "Its stalled" "its peaked" "its gonna drop". I was taking cypto advice from "experts" when I realized no one has any idea and every single major site and newsletter and social media account says completely different things all on the same day while claiming to always be right.. Even all the cycle experts are scrambling to justify why the cycle isnt happening and these are the "paid professional" guys. If you want to daily manage something go for alt coins but be prepared from big losses as much as big gains. But you need to work at it all the time. You can always just by bitcoin and hold. The past says this is the best thing to do but the future is so unknown at this stage. Who knows? Its a total gamble. Everyone is claiming the next alt coin explosion. "Ethereum is about to go crazy for this and that reason" but reality is if you invested in it 4 years ago you are still down and that money would have been better in ETFS. XRP is up at the moment but is trending down compared to where it was 6 months ago. (people will cry about this not being trie but look at the all time chat). The thing is everyone will say "but they are about to explode!!! The problem is people have been saying this for years. Most of this comes from major social media accounts and people just parrot it on places like reddit. My point here is sure get into crypto but figure out in what way you want to do it. Realize most advice on where prices with go is 99% speculation. Yes there is big money to be made but you need to be open to big risk to do it. For every guy whos made a huge amount there is many who are broke. Dont get sucked into the hype of crypto social media accounts with big claims and watch out for the parrots of these claims all over places like reddit. There is plenty of news letters. Milk road is good. But dont get sucked into their paid section. You are just wasting investment money on speculation. These newsletter will all claim you can copy their trades because they have so much success but anyone who bought crypto and held years ago has had huge gains. It was luck not skill. They were just early adopters. The answer to these type of questions in crypto of "should I do this" is always "yes and no" lol.
Crypto is still immature. It's clunky and awkward, easy to mess up, and we're still very early adopters. That's good, but until things get clearer and easier with cold storage and new users who are not tech savvy being able to participate readily, it's not ready for the average person. I worry now that institutions have created ETFS to try to bridge that gap if we are going to end up with the ability to manipulate the price.
I think OP may be referring to "paper bitcoin" or IOU's, which we know is already happening. Anyone who doesn't believe the price manipulation/suppression at this point isn't looking at the same data. The amount of positive net inflows, good news, corporations, sovereign funds, ETFS purchasing more than the supply each day, yet we have been at the same price since November.... yeah, something isn't adding up....
So what? Dead people. People from years ago that sold out and now will probably never get back in. I don't live in the backwoods, and I'm telling you there is no way 20% of the population is using bitcoin. By the way, only 8 million of the supposed 110 million or so have been active recently and they don't all hold btc. Worldwide. I would conservatively say that more like 1% adoption rate, and anyone who doesn't get the next crash is not going to be able to afford to. In the end it's going to be more like us just selling to each other. Or giants like The ETFS. Which would suit me fine. If we could all get together and pump and then dump and start over again with something else that has better real world use and gentler on the environment. Couldn't we build something better using similar code and ideals but bake in some lessons we've learned along the way?
Ya it feels super weird I found these articles that might have an insight but don't t have access to it https://update.10xresearch.com/p/how-smart-money-is-quietly-capping-bitcoin-s-upside-and-what-traders-must-do-42bc https://update.10xresearch.com/p/billions-are-flowing-in-so-why-isn-t-bitcoin-moving-d0dc Not sure if anyone has access to them lol. This cycle is pretty weird. US government is onboard, ETFs approved, companies buying it. But from last all time high adjusted for inflation (81k in today's money) and Bitcoin is only at 106k. Something feels super off. It's like people/general population don't really care about it anymore?? ETFS are buying but price barely moves.
You know what worries me? Bitcoin is near ATH and twice now when it dumped hard and recovered, usually that would kick off alt season and it didn’t. In fact it just hammered alts and then they can barely get off their knees by the time BTC is at near ATH again and then they get whacked again. There’s no rotation this cycle and too many alts competing for the liquidity scraps. The big money is coming via the ETFS.
Wowwwwwww SOUND THE ALARMS CRYPTO ETFS BOUGHT CRYPTO
Lmao but the ETFS are what move the price and who controls the ETFS? Thanks You sound like a 12 year old kid
There is less than 150 Bitcoin mined per day right now...and how many new ETFS and treasury corps have been created in the last few years? Their growth and strategy executionn is dependent on coin acquisition...where are they gonna get their Bitcoin from? Prior dumps can basically be ignored to model new patterns.
Nice man. Why IBIT over FBTC or other BTC ETFS?
ETFS, national reserves, BTC treasury companies on the stock exchange, tapping the market caps of GLD, bonds, housing, being used for large petro purchases by Russia and China in back door deals. Things are different the cycle has been broken “in a sense” there will always be dips, but not like we’ve seen previously. The rate will still cut in half every 4 years causing a more bullish market, but as for the downside the scarcity, and adoption are eliminating the possibility of such large drops. So yes still volatile, but in my own opinion, and I am an idiot, there will be no longer. Crypto winters .The intense supply shock that hasn’t even hit yet, since most people aren’t paying attention has changed everything. Stack SATS, and G-D bless!
I own both??? Real BTC and 4 of the ETFS. you don’t have to have a shit ton of BTC. But some is better than none.
the ETFS and investment firms will be waiting to take your coins from you at such a low price.
First and foremost, you have to realize that the dollar has already "collapsed". It will continue to do so and is able to lose 99% of it's current value (compared to Bitcoin) again. GBTC is not Bitcoin. MSTR is not Bitcoin. Bitcoin ETFS are not Bitcoin. The only way to ensure future access to Bitcoin wealth is through self-custody. Check out BTC sessions as he has many videos and tutorials of how to set up various Bitcoin wallets. If you decide to change out your GBTC for Bitcoin now, yes you'll have a tax hit on the gains, but the reality is you'll have a smaller hit now than in the future. At the very least, stop buying it and start DCAing actual Bitcoin to a child storage solution.
I think you should also look at the multiple that Bitcoin has when money flows into it. There is a financial researcher by the name of Thomas Lee and he found that the multiple is about 25x meaning for every dollar that flows into Bitcoin it appreciates but 25x. So currently if that holds true you only need about 700 billion dollars to flow into Bitcoin for it to hit 1 million dollars. 700 billions not that much money when it's spread across companies adding it to their financial balance sheets, governments adding it to their treasuries, financial institutions buying it for their clients and for their funds and ETFS, and for the general population that wants some exposure to it. This is why the likelihood of it reaching a million is pretty high how fast that happens will probably be faster than most people think. Especially with the US government essentially approving Bitcoin as a legitimate financial asset. Everyone else will follow even faster.
I mean it makes sense, these ETFS manage Trillions in funds, when they finally allow it, it will be a tale tale sign they are using it to exit from the market, you can't really market sell 500k BTC without losing over 50% of your investment, this will be the only way to exit at the inflated price, the likes of Saylor will use that strat
I hold only the top 10. Then my moonshot is ANARCHY. I keep most my money on BTC and SOL. Then tax advantage accounts with BTC ETFS like FBTC
It's hard for me to even see it drop to 40s. Bitcoin has started to decouple from the entire crypto market and is evolving into a brand new asset class of its own. Parabolic network effect means it has reached escape velocity (2 trillion asset) and will now slowly start to suck in value from other asset classes as well - real estate, stocks, funds etc. It ain't the best performing asset in human history for nothing. No other crypto has got this much going for them atm - strategic reserves, treasuries, ETFs, digital gold narrative, the whole works. So yeah, I don't see Bitcoin dominance dropping below 50, in my opinion of course. ETFs are only starting to grow. South Korea has pledged to set up their own version of spot bitcoin etfs. Other countries will follow suit. Until ETFS, big players were a little wary about self-custody but now they can have millions in BTC without ever having to worry about it. The parabolic growth is yet to happen there too.
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.