If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?

[Anonymous]

The idea of a strategic bitcoin reserve is an immensely dumb idea which might well happen because of who controls our politics now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:People are holding BTC ETFs in retirement accounts when a mystery man holds 5% of the total supply and the largest exchange, binance, is not regulated. FTX single handedly causes massive financial chaos and ruin and yet people think this asset is safe?

Sure. Valid concerns.

At the same time you can easily take your coins into a cold storage wallet. And coinbase has invested tons in security. Fidelity also self-custodies their own coins. I can’t convince you. All I know is the US is on the road to having a strategic Bitcoin reserve. That should tell you something.

That they want to devalue the dollar into oblivion? And then cause a run on bank deposits? If you wanted to destroy the USD the best way to do that is to print USDs to buy Bitcoin and then for Satoshi to do a rug pull with their 5% hoard.

I can’t think of a dumber move by our Republicans and South Afrikaner elites.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People are holding BTC ETFs in retirement accounts when a mystery man holds 5% of the total supply and the largest exchange, binance, is not regulated. FTX single handedly causes massive financial chaos and ruin and yet people think this asset is safe?

Sure. Valid concerns.

At the same time you can easily take your coins into a cold storage wallet. And coinbase has invested tons in security. Fidelity also self-custodies their own coins. I can’t convince you. All I know is the US is on the road to having a strategic Bitcoin reserve. That should tell you something.

That they want to devalue the dollar into oblivion? And then cause a run on bank deposits? If you wanted to destroy the USD the best way to do that is to print USDs to buy Bitcoin and then for Satoshi to do a rug pull with their 5% hoard.

I can’t think of a dumber move by our Republicans and South Afrikaner elites.

Bitcoin is going to be huge global financial asset in the future. US govt can either be an early stakeholder or miss out.

[Anonymous]

Anonymous wrote:The idea of a strategic bitcoin reserve is an immensely dumb idea which might well happen because of who controls our politics now.

The idea of giving out subsidized government-backed mortgages to unqualified "buyers" who end up defaulting on the loans and needing a bailout is immensely dumb too, just a handout to real estate owners to inflate the value of their real estate holdings. Doesn't stop the government from doing it, however.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People are holding BTC ETFs in retirement accounts when a mystery man holds 5% of the total supply and the largest exchange, binance, is not regulated. FTX single handedly causes massive financial chaos and ruin and yet people think this asset is safe?

Sure. Valid concerns.

At the same time you can easily take your coins into a cold storage wallet. And coinbase has invested tons in security. Fidelity also self-custodies their own coins. I can’t convince you. All I know is the US is on the road to having a strategic Bitcoin reserve. That should tell you something.

That they want to devalue the dollar into oblivion? And then cause a run on bank deposits? If you wanted to destroy the USD the best way to do that is to print USDs to buy Bitcoin and then for Satoshi to do a rug pull with their 5% hoard.

I can’t think of a dumber move by our Republicans and South Afrikaner elites.

African-American is the preferred nomenclature, my dude.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:People are holding BTC ETFs in retirement accounts when a mystery man holds 5% of the total supply and the largest exchange, binance, is not regulated. FTX single handedly causes massive financial chaos and ruin and yet people think this asset is safe?

Sure. Valid concerns.

At the same time you can easily take your coins into a cold storage wallet. And coinbase has invested tons in security. Fidelity also self-custodies their own coins. I can’t convince you. All I know is the US is on the road to having a strategic Bitcoin reserve. That should tell you something.

That they want to devalue the dollar into oblivion? And then cause a run on bank deposits? If you wanted to destroy the USD the best way to do that is to print USDs to buy Bitcoin and then for Satoshi to do a rug pull with their 5% hoard.

I can’t think of a dumber move by our Republicans and South Afrikaner elites.

It's only dumb if you care about the US as a going concern and particularly as a global powerhouse. If you've got a goal of enriching and empowering Russian dictators then pumping up bitcoin makes perfect sense.

[Anonymous]

Don't make the mistake of dismissing Bitcoin just because some Republicans support it. Even a blind squirrel finds an acorn once in a while. The dollar devaluation issue is very real and it just makes sense to use reserves to protect against it. We have strategic oil and gold reserves, so why not Bitcoin? It's widely held, accepted by the financial industry, and worth trillions. This isn't some "scam" - it's now an integral part of the global monetary system.

[Anonymous]

Anonymous wrote:Don't make the mistake of dismissing Bitcoin just because some Republicans support it. Even a blind squirrel finds an acorn once in a while. The dollar devaluation issue is very real and it just makes sense to use reserves to protect against it. We have strategic oil and gold reserves, so why not Bitcoin? It's widely held, accepted by the financial industry, and worth trillions. This isn't some "scam" - it's now an integral part of the global monetary system.

You devalue the USD even more by announcing you intend to buy 50,000 BTCs by printing money. It also will cause a massive price spike in BTC.

I mean, stupid is as stupid does.

[Anonymous]

Anonymous wrote:Don't make the mistake of dismissing Bitcoin just because some Republicans support it. Even a blind squirrel finds an acorn once in a while. The dollar devaluation issue is very real and it just makes sense to use reserves to protect against it. We have strategic oil and gold reserves, so why not Bitcoin? It's widely held, accepted by the financial industry, and worth trillions. This isn't some "scam" - it's now an integral part of the global monetary system.

If you are concerned about the dollar being devalued, just invest in any unhedged international index fund.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The idea of a strategic bitcoin reserve is an immensely dumb idea which might well happen because of who controls our politics now.

The idea of giving out subsidized government-backed mortgages to unqualified "buyers" who end up defaulting on the loans and needing a bailout is immensely dumb too, just a handout to real estate owners to inflate the value of their real estate holdings. Doesn't stop the government from doing it, however.

What a stupid straw man. You can’t discern the difference between a house that people live in and generates generational wealth and…bitcoin? There is nothing remotely the same about government backed mortgages and a strategic reserve of bitcoin.

[Anonymous]

Haven't read the whole thread, but I'm mid-40s, around $5M, and have around $30k in BTC.

I made an angel investment in a crypto brokerage a few years ago and started regularly buying BTC to better understand the brokerage and how the market works. I still buy a little each week.

I'm not a 'believer' in crypto. To me it's just an asset like any other and if more people want to buy it than sell it, it will go up. I'll keep a little but not move large amounts of money into it. My sense is that it will keep going up given that supply is limited.

[Anonymous]

Anonymous wrote:Haven't read the whole thread, but I'm mid-40s, around $5M, and have around $30k in BTC.

I made an angel investment in a crypto brokerage a few years ago and started regularly buying BTC to better understand the brokerage and how the market works. I still buy a little each week.

I'm not a 'believer' in crypto. To me it's just an asset like any other and if more people want to buy it than sell it, it will go up. I'll keep a little but not move large amounts of money into it. My sense is that it will keep going up given that supply is limited.

I will add that I just bought a cold storage wallet and am trying to figure out how to move BTC off of an exchange. It is definitely complicated and seems very hackable, even though it is supposed to be safe. It doesn't generate a lot of confidence and in my opinion for this asset to see continued adoption there needs to be better control and management of it by large financial institutions (which i get is what Crypto is trying to bypass).

[Anonymous]

Anonymous wrote:

Anonymous wrote:Haven't read the whole thread, but I'm mid-40s, around $5M, and have around $30k in BTC.

I made an angel investment in a crypto brokerage a few years ago and started regularly buying BTC to better understand the brokerage and how the market works. I still buy a little each week.

I'm not a 'believer' in crypto. To me it's just an asset like any other and if more people want to buy it than sell it, it will go up. I'll keep a little but not move large amounts of money into it. My sense is that it will keep going up given that supply is limited.

I will add that I just bought a cold storage wallet and am trying to figure out how to move BTC off of an exchange. It is definitely complicated and seems very hackable, even though it is supposed to be safe. It doesn't generate a lot of confidence and in my opinion for this asset to see continued adoption there needs to be better control and management of it by large financial institutions (which i get is what Crypto is trying to bypass).

This is why I just buy IBIT

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Haven't read the whole thread, but I'm mid-40s, around $5M, and have around $30k in BTC.

I made an angel investment in a crypto brokerage a few years ago and started regularly buying BTC to better understand the brokerage and how the market works. I still buy a little each week.

I'm not a 'believer' in crypto. To me it's just an asset like any other and if more people want to buy it than sell it, it will go up. I'll keep a little but not move large amounts of money into it. My sense is that it will keep going up given that supply is limited.

I will add that I just bought a cold storage wallet and am trying to figure out how to move BTC off of an exchange. It is definitely complicated and seems very hackable, even though it is supposed to be safe. It doesn't generate a lot of confidence and in my opinion for this asset to see continued adoption there needs to be better control and management of it by large financial institutions (which i get is what Crypto is trying to bypass).

This is why I just buy IBIT

Way to miss the point. With IBIT you own an IOU.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Haven't read the whole thread, but I'm mid-40s, around $5M, and have around $30k in BTC.

I made an angel investment in a crypto brokerage a few years ago and started regularly buying BTC to better understand the brokerage and how the market works. I still buy a little each week.

I'm not a 'believer' in crypto. To me it's just an asset like any other and if more people want to buy it than sell it, it will go up. I'll keep a little but not move large amounts of money into it. My sense is that it will keep going up given that supply is limited.

I will add that I just bought a cold storage wallet and am trying to figure out how to move BTC off of an exchange. It is definitely complicated and seems very hackable, even though it is supposed to be safe. It doesn't generate a lot of confidence and in my opinion for this asset to see continued adoption there needs to be better control and management of it by large financial institutions (which i get is what Crypto is trying to bypass).

This is why I just buy IBIT

Way to miss the point. With IBIT you own an IOU.

Everyone is so paranoid. IBIT is fine. So is FBTC. Easier for taxes.