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Author Topic: One of the best ways to get in the BTC game...  (Read 206 times)
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February 09, 2020, 06:11:55 AM
 #1

A few years ago, we thought the stock GBTC was a good investment, all things considered. Now, after a 90:1 split and only months before the halving, we think if you are a bitcoin bull, it's another good buy to consider.

Especially if you buy in your ROTH IRA...TAX FREE GAINS! Watch the video:

https://www.youtube.com/watch?v=ql4UCye8tig&t=7s

**NOT investing advice; only information to consider in your research.
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February 09, 2020, 03:05:36 PM
 #2

I have played a BTC game called bitkong, and the result is I lose my coin about the worth of $50. Maybe it's the best way to get some BTC but not for beginners. Roll Eyes Roll Eyes
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February 09, 2020, 08:27:08 PM
 #3

Wrong.  You're not in the BTC game if you buy a stock.  You're in the stocks game.  They're two very different things, so please don't confuse them.

When you buy bitcoins, you're joining a whole new economic system, separate from the traditional finance sector.  There are numerous benefits to this which you can't gain from buying stocks.

Buying a stock that simply follows the fiat price of Bitcoin will not give you censorship resistance, borderless payments, 24/7 transactions, etc.  It's a weak substitute for the real thing.

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LFC_Bitcoin
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February 09, 2020, 09:24:05 PM
 #4

The best way to ‘get in the BTC game’ is to work hard & buy some bitcoin regularly with your fiat salary.

There are no shortcuts in life, everything good in life is tough to achieve but possible if you work hard.

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February 09, 2020, 09:31:10 PM
 #5

Well if you have been in the market and had seen halvings before, then the best time is what we call period of accumulation, 2018-2019 and just buy BTC in dips and hold on it.

Right now we have seen the price hitting the five digits again, and many are in the FOMO stage. And I will say that it's not even comparable to buying stocks though, bitcoin is a whole new "economic game". It's a journey of boom and bust cycle.

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February 10, 2020, 01:29:35 AM
 #6

I regret not putting some of this in my RothIRA when it went public. I thought I’d wait for the BTC ETF. Big mistake.

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February 10, 2020, 04:04:36 AM
 #7

can someone explain to me why would anyone want to buy shares from a company that has a price moving similar to bitcoin price but poorer instead of buying bitcoin itself?
looking at the price history of this stock it has gotten dumped 90% when bitcoin price went down from its peak, considering bitcoin itself dropped only 83% i don't see any benefit in it. not to mention the 2% annual fee that it has.

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OcTradism
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February 10, 2020, 12:20:58 PM
 #8

One of the best way is spending your money, small amount to invest in BTC, and experiece at least one four-year period and see the cycle in that period. In addition, please afford your loses for your first 4 years in the market, then keep your faith on bitcoin since the 5th year and try to avoid your past serious mistake to start earning beneficiaries from your investment.

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February 10, 2020, 07:01:09 PM
 #9

can someone explain to me why would anyone want to buy shares from a company that has a price moving similar to bitcoin price but poorer instead of buying bitcoin itself?
looking at the price history of this stock it has gotten dumped 90% when bitcoin price went down from its peak, considering bitcoin itself dropped only 83% i don't see any benefit in it. not to mention the 2% annual fee that it has.

Agree with you. Better and easier to buy bitcoin.
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February 10, 2020, 07:19:15 PM
 #10

Indeed better buy or get bitcoin on your own and save on own wallet where private keys are saved, than to have only share via a company.
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