BTC in the PP

[boglerdude]

> he'd give me a 10% discount for paying in bitcoin

What I'm watching for in terms of adoption, but as social trust erodes I'm inclined to use credit cards where you can dispute.

There's a problem unfolding in CA with the state not paying out "inflation act" rebates and the HVAC guys are going after customers.

[dualstow]

Bread has moved to Coinbase, and Coinbase is now Base.
I can still get in with my 12 magic words, thank zod (Marc’s gift is worth $9,999 this weekend)
but I no longer see a way to log out. This app makes me nervous.

[seajay]

viewtopic.php?p=259177#p259177

8/25/50/17 bitcoin/gold/stablecoin/T-Bills perhaps, where the T-Bills might be periodically withdrawn to buy 'things' with and a few days later returned back into T-Bills.

[dualstow]

Jeff Sica on Fox Biz said, “Owning bitcoin is like having a tiger as a pet. It’s cool to tell people about it until it eats you.”

[ochotona]

Jeff Sica on Fox Biz said, “Owning bitcoin is like having a tiger as a pet. It’s cool to tell people about it until it eats you.”

I was just thinking, this is GYROScopicinvesting.com imagine a tiger holding a tasty gyros sandwich stuffed with man flesh

I need to find a Greek restaurant...

[dualstow]

I miss gyros. I should go back to a street vendor one of these days.

[Smith1776]

man flesh...

...Lord of the Rings?

[Dieter]

I bought a little IBIT

Plan to do quarterly purchases

Guess it's time for it all to come crashing down

Hi

Nice move on starting small and scaling in with quarterly buys — that’s a solid way to build a position over time.

Curious though… why did you decide to go with IBIT instead of self-custody?

From a tax perspective, ETFs are usually less efficient (at least in many jurisdictions), and you don’t actually own the underlying asset directly. With self-custody, you’d typically avoid some of that drag and also control the asset yourself.

Also, why not buy directly through a bank or crypto exchange? Was it mainly for simplicity / convenience, or do you have a specific tax or compliance reason for choosing the ETF route?

It's in a tax advantaged account, so, no worries about taxes

Going with an ETF was so much easier -- I've purchased ETFs before, so, just had to make the decision to buy crypto.
And taxable vs IRA\401(k)
And decide which (Bitcoin vs Etherium vs ...).
And then how (Exchange vs ETC)
Then which ETF

Aka, didn't want to also at this time figure out a crypto exchange

Figuring out a crypto exchange might be a future exercise now that I've dipped my toes into crypto

(although also maybe to get some physical silver \ gold being another todo)



Damn, another down day (so far) for IBIT.

And the overall US stock market.

The times are getting even more interesting
(albeit not surprising)

As of now, my IBIT is down 29%; SIVR up 2.2% (bought both 10/8; plus a couple of small purchases since of IBIT)

Yeah, not my best financial short term timing, but, at least IBIT is still less than 1% of my investible assets

[dualstow]

man flesh...

...Lord of the Rings?