Talk to me about crypto and blockchain

Start here: https://digital.fidelity.com/search/main?q=bitcoin

In my opinion, there's only room for one digital asset and that's bitcoin -- there is no second best. "Cyrpto" refers to all digital assets, including bitcoin but also dozens if not hundreds of other coins, everything from fart-coin to hawk-tua-coin to Trump-coin. Bitcoin is the only one worth studying.

FBTC is Fidelity's bitcoin ETF that anyone with a brokerage account can buy, which operates like a gold ETF or similar, i.e., the fund simply buys and holds bitcoin so the price of the bitcoin ETF closely tracks the price of bitcoin. There are several other bitcoin ETFs (e.g., Blackrock has one IBIT) but I think Fidelity's is the best as they custody their own bitcoin rather than relying on third parties to custody it for them.

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08/14/2025 18:41

Subject: Talk to me about crypto and blockchain

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Anonymous

Let’s start with the fact that blockchain isn’t an asset. So your question is like “tell me about dollars and the ACH payment network.”

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08/14/2025 18:42

Subject: Talk to me about crypto and blockchain

quote

Anonymous

Anonymous wrote:

Anonymous wrote:I have a Charles Schwab brokerage account. What can I buy?

Start here: https://digital.fidelity.com/search/main?q=bitcoin

In my opinion, there's only room for one digital asset and that's bitcoin -- there is no second best. "Cyrpto" refers to all digital assets, including bitcoin but also dozens if not hundreds of other coins, everything from fart-coin to hawk-tua-coin to Trump-coin. Bitcoin is the only one worth studying.

FBTC is Fidelity's bitcoin ETF that anyone with a brokerage account can buy, which operates like a gold ETF or similar, i.e., the fund simply buys and holds bitcoin so the price of the bitcoin ETF closely tracks the price of bitcoin. There are several other bitcoin ETFs (e.g., Blackrock has one IBIT) but I think Fidelity's is the best as they custody their own bitcoin rather than relying on third parties to custody it for them.

Until AI breaks their “custody” and it’s all gone with no recourse.

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08/14/2025 18:52

Subject: Talk to me about crypto and blockchain

quote

Anonymous

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have a Charles Schwab brokerage account. What can I buy?

Start here: https://digital.fidelity.com/search/main?q=bitcoin

In my opinion, there's only room for one digital asset and that's bitcoin -- there is no second best. "Cyrpto" refers to all digital assets, including bitcoin but also dozens if not hundreds of other coins, everything from fart-coin to hawk-tua-coin to Trump-coin. Bitcoin is the only one worth studying.

FBTC is Fidelity's bitcoin ETF that anyone with a brokerage account can buy, which operates like a gold ETF or similar, i.e., the fund simply buys and holds bitcoin so the price of the bitcoin ETF closely tracks the price of bitcoin. There are several other bitcoin ETFs (e.g., Blackrock has one IBIT) but I think Fidelity's is the best as they custody their own bitcoin rather than relying on third parties to custody it for them.

Until AI breaks their “custody” and it’s all gone with no recourse.

Yes, yes - and the sun will one day burn out and everyone's bitcoin will be worthless in the vast empty void of lifeless space.

If "AI" can break Fidelity's custody of bitcoin, then that means all other custodians of bitcoin will face the same risk.

But I'm sure your "secure" investment account with your password consisting of 8 characters of letters and numbers (and a special character -- don't forget the special character!) will be just fine. As will your bank account protected by your 4-digit pin.

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08/14/2025 18:57

Subject: Talk to me about crypto and blockchain

quote

Anonymous

Anonymous wrote:

Anonymous wrote:I have a Charles Schwab brokerage account. What can I buy?

Start here: https://digital.fidelity.com/search/main?q=bitcoin

In my opinion, there's only room for one digital asset and that's bitcoin -- there is no second best. "Cyrpto" refers to all digital assets, including bitcoin but also dozens if not hundreds of other coins, everything from fart-coin to hawk-tua-coin to Trump-coin. Bitcoin is the only one worth studying.

FBTC is Fidelity's bitcoin ETF that anyone with a brokerage account can buy, which operates like a gold ETF or similar, i.e., the fund simply buys and holds bitcoin so the price of the bitcoin ETF closely tracks the price of bitcoin. There are several other bitcoin ETFs (e.g., Blackrock has one IBIT) but I think Fidelity's is the best as they custody their own bitcoin rather than relying on third parties to custody it for them.

OP here. Thanks for your explanation.

To PP's comment about blockchain, I am aware they're not in the same category. But I want to invest in both. I can see that blockchain is incredibly useful for all sorts of transactions, not just cryptocurrencies.

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08/14/2025 19:37

Subject: Talk to me about crypto and blockchain

quote

Anonymous

How old? How much money? Why now? You had years. Get Robinhood to start.

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08/14/2025 19:45

Subject: Talk to me about crypto and blockchain

quote

Anonymous

Anonymous wrote:How old? How much money? Why now? You had years. Get Robinhood to start.

I'd rather stick to my Schwab account. I'm in my 40s, made millions in the stock market with high tech, but with deregulation of crypto, I'm thinking maybe it's time. It would be strictly play money, of course. Maybe 100K?