- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 5/16/24 at 5:51 pm to I Love Bama
Posted on 5/16/24 at 5:51 pm to I Love Bama
So is standard practice still to buy actual BTC and store in your personal wallet or are we going with ETFs these days?
2
Posted on 5/16/24 at 6:02 pm to JohnnyKilroy
For the average person, I think the ETFs are fine. IBIT has the lowest expense ratio.
Buying bitcoin and holding it on your own wallet is by far the preferred method (not your keys, not your coins) but there is a learning curve and i've seen many people struggle with it.
Buy a hardware wallet and just play with $10-30$ sending it around and then if you get comfortable you can make real BTC purchases once you understand.
Buying bitcoin and holding it on your own wallet is by far the preferred method (not your keys, not your coins) but there is a learning curve and i've seen many people struggle with it.
Buy a hardware wallet and just play with $10-30$ sending it around and then if you get comfortable you can make real BTC purchases once you understand.
Posted on 5/16/24 at 6:29 pm to JohnnyKilroy
Why not both? Actually there are 3 categories of Bitcoin investments.
I'm an advocate for owning Bitcoin directly, owning the Spot Bitcoin ETFs, and learning how to take advantage of Bitcoin Futures/Options/Derivatives.
Bitcoin is great for holding for long term performance and security against the increasingly failing FIAT and economy.
The Spot ETFs are great for IRAs and 401Ks. They do what Bitcoin can't and that is to trade without immediate tax implications within Traditional and Roth IRAs and 401Ks.
Going one step further, I also recommend owning and trading Bitcoin derivatives like BITX and BITO. BITX makes a great play on volatility and BITO has been paying massive distributions.
I'm an advocate for owning Bitcoin directly, owning the Spot Bitcoin ETFs, and learning how to take advantage of Bitcoin Futures/Options/Derivatives.
Bitcoin is great for holding for long term performance and security against the increasingly failing FIAT and economy.
The Spot ETFs are great for IRAs and 401Ks. They do what Bitcoin can't and that is to trade without immediate tax implications within Traditional and Roth IRAs and 401Ks.
Going one step further, I also recommend owning and trading Bitcoin derivatives like BITX and BITO. BITX makes a great play on volatility and BITO has been paying massive distributions.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News