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re: Official CryptoTalk Thread

Posted on 5/16/24 at 6:02 pm to
Posted by I Love Bama
Alabama
Member since Nov 2007
37764 posts
Posted on 5/16/24 at 6:02 pm to
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.

Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35677 posts
Posted on 5/16/24 at 6:40 pm to
Oh yea I already have a hardware wallet. Haven’t really kept up with the etfs and stuff.

Had been buying on CB then transferring to hardware wallet but stopped buying last year due to short term risk tolerance changes.

Wasn’t sure if that was still best practice or if etfs were the new wave
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