Bitcoin is still early

[blippi]

and like gold, a system like btc can never be replicated, which ensures its future value. can’t lose.

[jacoavlu]

and like gold, a system like btc can never be replicated, which ensures its future value. can’t lose.

i'm not sure if you're serious or not but i'll pretend you are

i wouldn't go that far. whether or not something can be replicated, anything could be displaced. some argue that gold is currently being displaced by bitcoin. ancient forms of money were displaced by gold. of course bitcoin could be displaced. it hasn't even "won" yet. adoption is still overall very low.

at the moment all bitcoin really has to do is not fail. which basically means, keep functioning, keep validating blocks, don't get hacked, and don't change. that happens and it's not going sideways forever. it goes to zero or it goes up (long term).

in my opinion, it's reasonable to take both sides of that bet

[G]

anyone have any actual bitcoin questions? like "i read this or heard this, but I don't understand X"?

Whenever I see activity on this thread, the first thing I do is check the price of BTC...wondering if it is $1M or $1 USD.

[CordMcNally]

Whenever I see activity on this thread, the first thing I do is check the price of BTC...wondering if it is $1M or $1 USD.

I'm not sure which one would get more posts, to be honest.

[jacoavlu]

Whenever I see activity on this thread, the first thing I do is check the price of BTC...wondering if it is $1M or $1 USD.

I'm not sure which one would get more posts, to be honest.

either of you guys have an actual question

[G]

either of you guys have an actual question

Nope!

[jacoavlu]

98% noise 2% signal

[SpacemanSpiff12]

either of you guys have an actual question

At what valuation in USD would you sell 50% of your holdings? Say in the next two years.

[jacoavlu]

At what valuation in USD would you sell 50% of your holdings? Say in the next two years.

not sure never really thought about it. would be north of 500k

[pitt1166]

i'm mild-moderately interested in having some bitcoin as a small percentage of my portfolio as i've found the arguments put forth in this thread mildly compelling.

however the lack of reputable brokers or marketplaces or perceived confusion on my part about how to actually purchase and keep bitcoin is my main hurdle.

like if fidelity or vanguard allowed me to buy a portion of a bitcoin then i'd buy it and be done with it.

this bitcoin stuff is somewhat interesting to me but not to the point where i want to put a lot of hours into researching it and navigating unfamiliar marketplaces and brokers to buy a bitcoin.

[Nysoz]

That’s like me. I just want some exposure without all the perceived complexities.

Easiest I found is to create a Coinbase pro account and buy btc that way. I then transferred it to voyager as it’s the highest paying interest on btc.

It can definitely be hacked or stolen or whatever but more often than not, it’s by falling for some scam by entering your password/credentials somewhere (please correct me if I’m wrong).

[jacoavlu]

i'm mild-moderately interested in having some bitcoin as a small percentage of my portfolio as i've found the arguments put forth in this thread mildly compelling.

however the lack of reputable brokers or marketplaces or perceived confusion on my part about how to actually purchase and keep bitcoin is my main hurdle.

like if fidelity or vanguard allowed me to buy a portion of a bitcoin then i'd buy it and be done with it.

this bitcoin stuff is somewhat interesting to me but not to the point where i want to put a lot of hours into researching it and navigating unfamiliar marketplaces and brokers to buy a bitcoin.

i guess “reputable” is subjective. there are certainly plenty of exchanges that have been in business for quite a while and have a good reputations. it’s an unregulated industry

fidelity actually does have a digital assets business but they only deal with institutions, and possibly ultra high net worth folks

youll probably see some integration with banks / more tradfi institutions in the coming years, and new digital asset native banks

i guess you can wait for that if you want.

from what you’ve said, i would check out Swan and Unchained Capital. they’ll hold your hand.

[CordMcNally]

not sure never really thought about it. would be north of 500k

And buy what?

[jacoavlu]

That’s like me. I just want some exposure without all the perceived complexities.

Easiest I found is to create a Coinbase pro account and buy btc that way. I then transferred it to voyager as it’s the highest paying interest on btc.

It can definitely be hacked or stolen or whatever but more often than not, it’s by falling for some scam by entering your password/credentials somewhere (please correct me if I’m wrong).

you can also just buy gbtc or the etf but that’s really suboptimal.

yeah most lost btc nowadays is people making mistakes, not from hacks on custodial platforms

[jacoavlu]

And buy what?

exactly