I remember explaining to an SP how to buy bitcoin in 2016. It was about $700 back then. Haven’t seen her post any ads in years, maybe she did alright. Either way, it’s still cheap at $135,000 and holding for a minimum of 4 years is the way to go if you want exposure to the asset.
What would be the best way to enter the Bitcoin family... I know I've should had earlier, but time is now.
I've been told to stay away from WealthSimple, Coinbase, Crypto.com
Probably use Bitget or Mexc
I remember someone shows me some years ago a way to buy bits of bitcoins...
Give me your do's and don't. Or would it be better to stick with stocks?
Thanks
I've been told to stay away from WealthSimple, Coinbase, Crypto.com
Probably use Bitget or Mexc
I remember someone shows me some years ago a way to buy bits of bitcoins...
Give me your do's and don't. Or would it be better to stick with stocks?
Thanks
P
Popcat
My best way is to buy IBIT on Nasdaq. It is an ETF from Blackrock. You dont need a wallet or any special software, you just trade it like any stock. They even have options if you like more risk. Easy to buy and easy to sell.
For stocks I kept my long term blue chips but dumped most everything else 2 months ago and so far I have saved money. Kept my Shiba Inu just because, in Dec. 2022 I bought $1,000 worth at 0.000008 something. This will be my check in 10 years and give Musk a run for his money fund 
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Talk about risk! Combine an ETF where you don't own anything other than participation units with no required market maker like a stock (as the founder of Vanguard once said, "like giving a match to an arsonist") with bitcoins that have no fundamental value other than what someone else will pay, aka "the greater fool theory"
What can go wrong?? It sounds like another tulip mania.
For those not familiar:
Tulip mania - Wikipedia
P
Popcat
Is the greatest fool Michael Saylor bro?Talk about risk! Combine an ETF where you don't own anything other than participation units with no required market maker like a stock (as the founder of Vanguard once said, "like giving a match to an arsonist") with bitcoins that have no fundamental value other than what someone else will pay, aka "the greater fool theory"
What can go wrong?? It sounds like another tulip mania.
For those not familiar:
Tulip mania - Wikipedia
en.wikipedia.org
Crypto is a zero-sum game. A negative-sum game, even.
More money goes into it than comes out of it.
So there is no profit to be made overall, unless you found a way to steal or you have an advantage, such as being an influencer with thousands of followers ( which is why influencers are so into it )
Yes, any bank trading platform.
Some comments are about the value of bitcoin or about the high risks. I suppose you know all that.
No more of a fraud master.
In March 2000, the U.S. Securities and Exchange Commission (SEC) brought charges against Saylor and two other MicroStrategy executives for the company's inaccurate reporting of financial results for the preceding two years.[33] In December 2000, Saylor settled with the SEC without admitting wrongdoing by paying $350,000 in penalties and a personal disgorgement of $8.3 million.[34][35][36] As a result of the restatement of results, the company's stock declined in value and Saylor's net worth fell by $6 billion.[37][38]
District of Columbia tax fraud lawsuit
On August 31, 2022, the Attorney General for the District of Columbia sued Saylor for tax fraud, accusing him of illegally avoiding more than $25 million in D.C. taxes by pretending to be a resident of other jurisdictions during the years 2005 to 2021. He initially claimed he resided in Virginia during the period, then later claimed that he resided in Florida.[39] MicroStrategy was accused of collaborating with Saylor to facilitate his tax evasion by misreporting his residential address to local and federal tax authorities and failing to withhold D.C. taxes.[40] Saylor issued a statement saying: "I respectfully disagree with the position of the District of Columbia and look forward to a fair resolution in the courts."[41] In June 2024, Saylor settled the tax dispute by agreeing to pay a $40 million fine.[39]Dumped all of my minor stuff a couple of months back and have been watching a few with nothing catching my attention. Surprised that DoorDash has not gone up since winter is starting, figured that would be one to get for a few months. Looking at oil and gas stocks in the US as some are around 30% year to date. With Trump in for four years it could be good. Still on the search.
As with any pyramid scheme there is always some that make a profit, however as there is no true intrinsic value it could crash at any time, therefore it has high risk. I have made money in it, but do not invest more than 5% of my total portfolio in this type of stock by trading ETFs. I have now sold enough that even if it goes to zero, will have made some money.
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Popcat
Mannkind stock invest in this stock it's only going to go up. Very low price per share and soon will double and hopefully even more within the next year.
I don't see a chance a depression will be happening. We can say a mini recession is happening all over the world. Reccesions happen every so often and eventually it will adjust and fix itself in a good way.
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