bct_ail
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April 11, 2024, 07:32:36 AM Merited by JayJuanGee (1) |
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Hongkong is in the process of launching a Bitcoin-Spot-ETF. Hongkong was touted in the media last year as the new Crypto-Hub. Now they will probably be the second continent with a Bitcoin-Spot-ETF. And what about Europe? ......in 5 Years, maybe..........or........10? https://cryptorank.io/news/feed/94129-hong-kong-set-to-introduce-bitcoin-etfs
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ChartBuddy
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April 11, 2024, 08:01:15 AM |
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Gachapin
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bitcoin retard
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April 11, 2024, 08:10:53 AM Last edit: April 11, 2024, 08:42:24 AM by Gachapin Merited by JayJuanGee (1) |
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I was thinking about the following hypothetical the other day:
Let's assume that bitcoin goes to 100-300K (let's say, 200K average) this cycle and somewhere along the line you sell a substantial % to invest in property, luxuries, etc ( whichever you choose). In 10 years afterwards, bitcoin goes to 5 mil, which means that you only "captured" just 4% of the potential value.
How would you feel about it? I guess, it would also depend on the remainder (that you didn't sell), but still.
Personally, I know that years later, I am not particularly fond of my decisions to sell AMZN, AAPL and TSLA early, even though I made very nice gains on them. Sometimes, I consider these occurancies as my investment follies, but, again, you cannot be 100% efficient.
Of course, it is possible to NEVER sell btc and, basically, put this decision on the shoulders of descendants, but you cannot guarantee that they would be wise about it, right? At least, I can't.
At some point, I would have to start to spend btc and this point is coming relatively soon. Alas, to spend even a relatively small amount of btc on things like kitchen remodeling causes a bit of mixed feelings on my part as I contemplate the scenarios described above. That could be one expensive kitchen 5-10 years down the road. Withdrawals from IRA are taxable and I put all my stables back into the market during 2023. I would probably do a mix of "things", but don't want to take on HELOC or anything like this. Decisions, decisions...
Borrow against your bitcoin, no capital gains tax either. That is how rich people do it I am reading. Now I would not trust some random new startup to facilitate this but fine against IBIT in your brokerage account. sounds like a not-your-keys-not-your-coins situation to me... What, you selling your corn including covering for CGT? Well, I think that's exactly the thing. I have corn, you have an IOU (ETF). And do you think it's possible to go from real BTC into an ETF without selling BTC first? I suppose you'll have to pay CGT there too right? That being said I actually might consider risking part of my stash for a never ending credit... as long BTC goes up forever... Laura ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) No you don't have bitcoin when you sell it for dollars. And you would have to sell more of it to cover for taxes. Borrowing against your assets is how rich people do it, you do you as with your previous sales of AMZN, AAPL and TSLA.Since we are into the subject of IOU's you seem to dislike, can you explain what a dollar is? I think you mistake me for Biodom. I have never sold any "AMZN, AAPL and TSLA" I even said I'd consider using a small part of my stash to get repeating credit. But let's play this through... 1) As you have the credit running (which is lifetime in the "rich" people's game) you'd have to be lifetime in a not-your-keys-not-your-coins situation in order to provide collateral. 2) The NYKNYC situation even intensifies, because you probably have to over-collateralize because of BTC volatility. For example, to get a 2M$ credit you may need to post 8M$ in BTC or even more. Means when I sell 2M you have 8M in limbo.. 3) We have seen many rug pulls in BTC (collapsing exchanges, lenders etc.). What happens in that case? You have to pay back your credit and worse you have lost x-times the collateral.. in our example, I sold 2M you lost 8M+.... So let's say I'm hesitant. But again, I'd consider a small amount. Basically, I think BTC is built so that you can self custody, and that is what you should do as a private person. It's built as a "number goes up" thing, enough so that you don't have to borrow against it and can live from it by selling bit by bit. Ask Bob. And you would have to sell more of it to cover for taxes.
again, it's the same when selling BTC for IBIT.
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BitcoinBunny
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April 11, 2024, 08:50:15 AM Merited by JayJuanGee (1) |
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Will this erection last I wonder? ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fmedia1.tenor.com%2Fm%2F9JatUaXJ0VgAAAAd%2Fboner-binoculars.gif&t=665&c=YAjl0andBsMU8g) Good to see the price of BTC going up also.
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ChartBuddy
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April 11, 2024, 09:01:16 AM |
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ChartBuddy
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April 11, 2024, 10:01:15 AM |
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ChartBuddy
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April 11, 2024, 11:01:15 AM |
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Lucius
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Crypto Swap Exchange🈺
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As far as I know, Europe has its own BTC ETF, and it was approved much earlier than the one in the US, and I think South America had its spot ETF before the US too (Brazil). The Jacobi FT Wilshere Bitcoin ETF is regulated by the Guernsey Financial Services Commission (GFSC) and will trade under the ticker "BCOIN." The listing means Europe will see a spot bitcoin ETF traded before the U.S., despite dozens of applications to the Securities and Exchange Commission in the last few years. London-based Jacobi Asset Management has listed Europe's first spot bitcoin exchange-traded fund (ETF) on Euronext Amsterdam nearly two years after it was first approved.
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ChartBuddy
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April 11, 2024, 12:01:17 PM |
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bitebits
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April 11, 2024, 12:40:15 PM |
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I think you mistake me for Biodom. I have never sold any "AMZN, AAPL and TSLA"
[edited out]
Not sure how you still got that part since I realized the mix-up and removed it shortly after posting, while your response is 1.5 hours later. But it proves my point whether it is you, Biodom or anyone else selling assets for dollars. Anyway, it is up to each individual. And I get the restraint putting real bitcoins as collateral. However with bitcoin ETF's like IBIT/FBTC we have now entered legacy finance in which it is common practice for many decades, severely reducing risk of getting rug pulled IMHO.
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aesma
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April 11, 2024, 12:41:35 PM |
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About selling BTC "high" then 10 years later it was low after all, one way to mitigate this is to play with BTC's volatility and sell more than what you need, keeping half of the fiat to buy back lower.
But clearly don't sell big amounts relative to your stash unless it's life and death I'd say. Luxuries are for when you're rich.
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OutOfMemory
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April 11, 2024, 12:54:32 PM |
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I know this post is late but just returned from my excursion to totality land. The internet was very spotty up there, so didn’t bother posting till now back home. This was using a Canon on a tripod. The real experience is the moment of totality when one takes off the eclipse shades and sees it in all it’s glory. 4 minutes of mind numbing awesomeness. Hard to put to words. We cranked up the “2001 A Space Oddessy” opening theme at the moment of totality. (“turn it up louder bro!!”) I even got weirdly emotional. F**king absolutely amazing life experience. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2024%2F04%2F10%2FjdNtJ.jpeg&t=665&c=1UFHfzB8eFwJ-A) GO BITCOIN Great stuff right there! Once-in-a-lifetime-experience (just like Bitcoin) Next time (LOL) you got to turn down the exposure for an even more awesome ecliptic shot. But the photo is as good as a trigger for remembering the experience, anytime. I'm OOM (Out Of Merit), so have +1 WOsMerit from me, at least! Tip: Google on explanations for solar eclipse by flat earthers, if you need some good laughs ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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ChartBuddy
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April 11, 2024, 01:01:15 PM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2023%2F05%2F13%2Fstamptabd4c8d77ff1434356.png&t=665&c=nXv9VrDDMSywTA) ExplanationChartbuddy thanks talkimg.com
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philipma1957
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April 11, 2024, 01:06:09 PM |
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I know this post is late but just returned from my excursion to totality land. The internet was very spotty up there, so didn’t bother posting till now back home. This was using a Canon on a tripod. The real experience is the moment of totality when one takes off the eclipse shades and sees it in all it’s glory. 4 minutes of mind numbing awesomeness. Hard to put to words. We cranked up the “2001 A Space Oddessy” opening theme at the moment of totality. (“turn it up louder bro!!”) I even got weirdly emotional. F**king absolutely amazing life experience. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2024%2F04%2F10%2FjdNtJ.jpeg&t=665&c=1UFHfzB8eFwJ-A) GO BITCOIN Great stuff right there! Once-in-a-lifetime-experience (just like Bitcoin) Next time (LOL) you got to turn down the exposure for an even more awesome ecliptic shot. But the photo is as good as a trigger for remembering the experience, anytime. I'm OOM (Out Of Merit), so have +1 WOsMerit from me, at least! Tip: Google on explanations for solar eclipse by flat earthers, if you need some good laughs ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I gave him one for you.
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OutOfMemory
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April 11, 2024, 01:12:39 PM |
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I gave him one for you.
Thanks, now i can give him one too ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) EDIT: I bet (hope) there will be a song composed about his experience soon, too.
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aesma
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April 11, 2024, 01:15:26 PM |
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I traveled to see a total eclipse once, from my vacations in Brittany to Portsmouth via ferry, in 1999.
Unfortunately the UK weather being what it is, even in summer, there was a total cloud cover. We saw everything darkening but no real night because of the clouds.
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El duderino_
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April 11, 2024, 01:46:23 PM Merited by fillippone (3) |
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And another need to recapture the 70k flag
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BobLawblaw
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Still above $69,420.
Everything is fine.
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ChartBuddy
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April 11, 2024, 02:01:14 PM |
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BitcoinBunny
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April 11, 2024, 02:01:27 PM Merited by JayJuanGee (1) |
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I traveled to see a total eclipse once, from my vacations in Brittany to Portsmouth via ferry, in 1999.
Unfortunately the UK weather being what it is, even in summer, there was a total cloud cover. We saw everything darkening but no real night because of the clouds.
https://en.wikipedia.org/wiki/Solar_eclipse_of_August_11,_1999Probably the same eclipse I saw when I was living in The Netherlands. (It was a Wednesday). I think it was only partial, near full from there, but enough for the surroundings to go eerie blue dark. Pretty decent view at the time (good sunny weather) and I used many sunglasses on top of each other to take a photo. No idea what happened with it though. Probably somewhere in the loft.
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