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Started By
Message
FBTC - am I going to be happy or cry?
Posted on 3/11/24 at 9:16 am
Posted on 3/11/24 at 9:16 am
I put about $400 into this over the past week and so far it’s gone up a bit but I’m always a bit fearful of some bitcoin crash. I’ve heard a little about the halving in April but I don’t know a lot about it. Am I set to really see gains with FBTC and should I be dumping more into it or should I just sit tight for now?
8
Posted on 3/11/24 at 9:17 am to TDsngumbo
its going to 1m so sell at your own risk
Posted on 3/11/24 at 9:21 am to TDsngumbo
i bought the day it went live and i lost $300 that same day. 
i kept it because i ain't no bitch. now i'm in the positive $700+.
i only bought 38 shares though.
i kept it because i ain't no bitch. now i'm in the positive $700+.
i only bought 38 shares though.
This post was edited on 3/11/24 at 9:22 am
Posted on 3/11/24 at 9:26 am to TDsngumbo
quote:
I put about $400 into this over the past week and so far it’s gone up a bit but I’m always a bit fearful of some bitcoin crash.
Bruh. It's $400. It's never going to turn into a meaningful amount of money nor will you lose a minute of sleep if it goes to $0.
Posted on 3/11/24 at 9:27 am to I Love Bama
I know that. I’m asking if I should be dumping more into it or not.
Posted on 3/11/24 at 9:32 am to TDsngumbo
scale in and buy big when you get a big dip.
Posted on 3/11/24 at 9:35 am to TDsngumbo
Back the truck up baw. It's not too late.
Posted on 3/11/24 at 9:41 am to TDsngumbo
quote:
I know that. I’m asking if I should be dumping more into it or not.
Not until you understand the asset class.
Read "The Bitcoin Standard" and then make an educated decision.
Posted on 3/11/24 at 9:49 am to TDsngumbo
If you are worried about losing $400, I would not put money into volatile securities such as BTC.
These types of securities I would only put money in that you are willing to lose.
These types of securities I would only put money in that you are willing to lose.
Posted on 3/11/24 at 9:59 am to TDsngumbo
quote:
I’m asking if I should be dumping more into it or not.
FBTC is in the high-risk portion of your investment pyramid. Invest a small amount for a high-risk/high-reward situation. Say for example, you are putting 60% in the low-risk category, 30% into medium risk, and 10% in high-risk, then maybe you put 1-3% in a BTC ETF. It all depends on your risk tolerance and allocation. I have a pretty high risk tolerance, so most of my high-risk investments are in crypto. I accept that my high-risk investments may go to $0, but I'm okay taking that risk.
Posted on 3/11/24 at 10:26 am to TDsngumbo
If $400 a lot of money to you? If so, the volatility for bitcoin (or crypto) is not for you and you should probably move that money to a SP500 ETF.
Posted on 3/11/24 at 10:27 am to UltimaParadox
quote:
If you are worried about losing $400, I would not put money into volatile securities such as BTC.
These types of securities I would only put money in that you are willing to lose.
Lookie there, we agree on something! How about thatPosted on 3/11/24 at 11:25 am to TigerTatorTots
Guys, I’m not too worried about losing $400. What I’m asking is whether or not FBTC is projected to go up along with Bitcoin or is there any reason FBTC would go down while Bitcoin goes up. Like what’s the FBTC forecast? Because I haven’t been able to find much other than Bitcoin forecasts. I’d like to get in on some 500% returns over a two or three year span if possible, so I don’t mind putting more and more into it as I’m 38 years old so I have time, even if I have to let it sit for five or more years. Just don’t want to continue dumping into it if it’s seen as a relatively stupid position to be in, that’s all.
Posted on 3/11/24 at 11:28 am to TDsngumbo
It's basically the same as holding Bitcoin. It will follow the price.
Posted on 3/11/24 at 1:03 pm to TDsngumbo
quote:It should mirror BTC price. It is a spot backed ETF.
What I’m asking is whether or not FBTC is projected to go up along with Bitcoin or is there any reason FBTC would go down while Bitcoin goes up
quote:If bitcoin doubles to $150k, your $400 will be worth about $800.
Like what’s the FBTC forecast?
quote:As long as you are ok with the occasional 50% daily loss, fast forward 10+ years and you will likely have beaten the stock market in returns.
Just don’t want to continue dumping into it if it’s seen as a relatively stupid position to be in, that’s all.
Posted on 3/11/24 at 6:38 pm to TDsngumbo
Quit looking at the daily...I got in years ago...
Posted on 3/11/24 at 6:54 pm to TDsngumbo
quote:
I’d like to get in on some 500% returns over a two or three year span if possible,
Wouldn't we all, if that is your approach then know you are more likely to lose money then gain any. Anyone that is saying those types of returns are realistic are usually scammers.
Posted on 3/12/24 at 7:39 am to TDsngumbo
I've been parked in IBIT since ETF's went live. looking good so far compared to my old bitcoin exposure : MARA.
Posted on 3/12/24 at 8:53 am to I Love Bama
quote:
Not until you understand the asset class.
Read "The Bitcoin Standard" and then make an educated decision.
I’m glad to be able to agree with you (about something
). Whatever the investment, that’s very good advice. 
Posted on 1/11/25 at 6:40 pm to TDsngumbo
I've got FBTC too and bought it right after it was converted to ETF I believe around March 2024. I picked Fidelity b/c I used to work for them several years. I think their expense fee is competitive to the other ETF bitcoins that went live the same time.
My average buy in price is around $50 but I bought some in the mid30's the first few days so I'm up a little. The ETF will correspond with bitcoin in performance. I'm not too sure what to think of it b/c I can't figure out what the shite even is or what it's good for. It's not like oil for vehicles or gold you can wear as jewelry. I just bought it b/c everyone else likes it and didn't want to miss out. My guess is it will be extremely volatile and wouldn't be surprised if the ETF price doesn't go back at some point to it's original price and probably even BTC itself goes back down to it's 2022 low.
My average buy in price is around $50 but I bought some in the mid30's the first few days so I'm up a little. The ETF will correspond with bitcoin in performance. I'm not too sure what to think of it b/c I can't figure out what the shite even is or what it's good for. It's not like oil for vehicles or gold you can wear as jewelry. I just bought it b/c everyone else likes it and didn't want to miss out. My guess is it will be extremely volatile and wouldn't be surprised if the ETF price doesn't go back at some point to it's original price and probably even BTC itself goes back down to it's 2022 low.
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