Reply to I am moving $100k into BTCFX through my TSP Mutual Fund Window (MFW) AMA

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Reply to "I am moving $100k into BTCFX through my TSP Mutual Fund Window (MFW) AMA"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You’re very very late [/quote]

Nah, he's still early. BTC still has a lot of runway before take off.

Dipping your toes into a bitcoin ETF is a good first start. I'd encourage you to study bitcoin (The Bitcoin Standard book is a good place to start; as well as Broken Money) and consider the benefits of taking some of your BTC investment into self-custody with actual BTC. It's the difference between holding physical gold and holding a gold ETF.[/quote]

I think a generation of FDIC and SEC and all that have made people ignorant of the risks of wildcat banking.

If you don’t own the keys, you are at the mercy of coinbase or whatever to own the keys — and they were just hacked and honestly it’s just a matter of time till real keys get stolen (aka Mt Gox) and the money is gone gone with no insurance, no reversibility.

Likewise, you can store your own key… somewhere. Cold wallet, hope the flash memory doesn’t degrade. Engraved in a titanium fob, well that stick is now worth more than its weight in platinum, don’t lose it. It’s a real pain being your own bank. [/quote]

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