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[Rustam Meraj]

That is true, there is nothing to be worried or scared. Bitcoin will make you some money, and as long as you are doing a good job, you should not be worried about it. Bitcoin has a great future and you will profit from it. I know that it feels scary sometimes when people see it so high, but they need to realize bitcoin is still better than any other investment in the world.

I would say maybe buying yourself a home instead of paying rent could be the better way, you will pay a bit more of course to your mortgage, but at least you own it, and it would be an asset instead of a liability. But aside from that, the best investment in the world is bitcoin, even at this price, long term investment into bitcoin will make you more money.

Many are confident that Bitcoin is best investment even better than buying home because of its past growth and future potential and they suggest ignoring high prices by focusing on long term. While Bitcoin has indeed made many people money it is also very risky and its value can change much unlike house which you can live in or rent out. Ultimately best investment depends on your personal financial goals and how much risk you are comfortable with so it is always wise to spread out your investments and understand risks involved.

[Smack That Ace]

Experienced investors that are new to Bitcoin should like the idea of buying shares of spot Bitcoin ETFs.

 

It seems like you had another purpose in creating this thread and now you start doing it by trying to spam your thread by advising people to invest in ETFs instead of owning real bitcoins.

I am not against people investing in bitcoin through ETFs because not everyone has enough knowledge and confidence to be able to buy and hold bitcoin in a non-custodial wallet on their own, especially older people who are not tech-savvy. But encouraging everyone to invest in bitcoin through ETFs is a bad idea, it goes against and defeats the purpose of bitcoin. "not your keys, not your bitcoins."

I'm not sure if an account called 'BTCETFInvesto' that started this thread is somehow trying to promote ETFs.

It seems your skepticism is not unfounded.

[shield132]

To my mind, Bitcoin Spot ETFs are a good way for beginners to buy Bitcoins but if they want to HODL bitcoins, then I suggest them to learn more about Bitcoin over time and focus on hardware wallet and how to create a cold wallet and store their bitcoins safely.

This would be ideal for someone who has already purchased shares or ETFs and finds bitcoin complicated. But over time, nothing is safer than managing bitcoins with your private keys.

That's what I said, it's okay and maybe recommended for beginners to buy shares of Bitcoin ETFs because setting up a wallet and securing seed phrases is a little bit complicated process and requires some experience, that's why I think that it's better for them to buy shares of ETFs if they want to don't waste time and invest immediately in Bitcoins and after that I recommend them to learn how to use exchanges, including CEX and DEX and then they have to learn how to create a Bitcoin wallet, how to buy Bitcoin on an exchange and safely withdraw to their wallet address. They also have to learn the difference between Legacy, SegWit and LN addresses and some other type of addresses too or they'll make mistakes and withdraw Bitcoin to the wrong network.

[highalch]

For most people, there's less risk in an ETF compared to you holding and losing your bitcoin. But you'd still be better gravitating towards the latter in the future.

[apogio]

ETFs:
Traditional investments.
You don't actually hold any of the assets, but you hold contracts that you have bought them.
If the counter-party colapses, you would be in some trouble, even though the probability is not very high (depending on the platform of course).
It's good if you just care for increasing your FIAT buying power.

Self-custody:
Bitcoin's whole purpose is to be stored by each one of us individually. It's supposed to be owned by us and no other party.
Bitcoin in self-custody is yours. Truly yours.
It's good if you wanna own your money for the first time in human history, without middle-men and without centralized authorities.

[Don Pedro Dinero]

ETFs:
Traditional investments.
You don't actually hold any of the assets, but you hold contracts that you have bought them.
If the counter-party colapses, you would be in some trouble, even though the probability is not very high (depending on the platform of course).
It's good if you just care for increasing your FIAT buying power.

Self-custody:
Bitcoin's whole purpose is to be stored by each one of us individually. It's supposed to be owned by us and no other party.
Bitcoin in self-custody is yours. Truly yours.
It's good if you wanna own your money for the first time in human history, without middle-men and without centralized authorities.

I agree in general with the description but I have to point out one thing. The bitcoin spot ETFs, like ETFs in general, have a close to 0 risk of bankruptcy because even if BlackRock were to go bankrupt, the funds are separated into a custodian. This obligation of separation dates back to the 1940s and there has not been a single case of bankruptcy where depositors lost the funds that were held separately (this sounded familiar but to be sure I have confirmed it with IA).

[apogio]

I agree in general with the description but I have to point out one thing. The bitcoin spot ETFs, like ETFs in general, have a close to 0 risk of bankruptcy because even if BlackRock were to go bankrupt, the funds are separated into a custodian. This obligation of separation dates back to the 1940s and there has not been a single case of bankruptcy where depositors lost the funds that were held separately (this sounded familiar but to be sure I have confirmed it with IA).

Sure, and there is also another point, which is that the underlying asset of an index ETF keeps having value even if the ETF provider gets extinguished. For example, if Blackrock offers an SP500 ETF and then disappears, then the companies that constitute the ETF won't necessarily have a problem. I mean, their shares won't be offered to us via the ETF, but the shares won't disappear. The same applies for their bonds of course. In case of bankruptcy, the bond holders are always the first to be compensated.

[kotajikikox]

Is Buying Shares of a BTC ETF a good way for non-tech new (late-to the game) investors to invest in BTC?   

Honestly it could help you watch or observe how the market works and how it affects your money but as a beginner I personally did not had to go through all this. I just studied and even without being too tech savvy you can learn how and where to buy your bitcoins and to hold them securely. I hope you can just hold bitcoins on your own.

[Ambatman]

ETFs:
Traditional investments.
You don't actually hold any of the assets, but you hold contracts that you have bought them.
If the counter-party colapses, you would be in some trouble, even though the probability is not very high (depending on the platform of course).

Like Don Pedro Dinero Stated, ETF undergo liquidations not bankruptcy that would cost their customers alot
Hence why many prefer it over exchanges.
But it doesn't rule out the existence of mismanagement either from the ETF or custodian.
Bitcoin ethos. Don't Trust, verify. Many thing can happen in the background we are not aware of.



With the fee, I don't really consider it an option for long term holding. Maybe short term to ride a wave.

you wanna own your money for the first time in human history

using ETF is like owning a Car and rather than using it
You chose to keep it in a truck ridden by another driver.

A car in a truck can't be used for its intended purpose while a personally driven car can.

[apogio]

Like Don Pedro Dinero Stated, ETF undergo liquidations not bankruptcy that would cost their customers alot
Hence why many prefer it over exchanges.
But it doesn't rule out the existence of mismanagement either from the ETF or custodian.
Bitcoin ethos. Don't Trust, verify. Many thing can happen in the background we are not aware of.

Many people believe that ETFs are much safer than centralized exchanges. I completely disagree! They are both very risky, not in theory, but in practice.
BlackRock uses Coinbase to hold the Bitcoin that they offer to their clients.
So, if Coinbase gets hacked, then the spot Bitcoin ETF that BlackRock provides will be worthless.
With Bitcoin, if you're not doing self-custody then you are obliged to allow someone else to do custody for you. Someone else does "self-custody" on your coins! It sounds very bad, doesn't it? Well, it is bad!
In short, there is no better option than to have the custody of your own keys. Anything else is risky and, in my opinion, should be avoided.

[Hatchy]

Many people believe that ETFs are much safer than centralized exchanges. I completely disagree! They are both very risky, not in theory, but in practice.
 .

.

Many were excited about the ETFs, and many still prefer purchasing shares. but it's important to understand that buying bitcoin Etf isn't the same as owning Bitcoin. Though I can't say if it's a good way to invest. Risk aside, you may still be able to make profits along side the crowd. But the key difference here is that as long as a central authority controls the keys you're exposed to the same custodial risks as storing coins on an exchange. True ownership and security only come with selfcustody.

[apogio]

Many were excited about the ETFs, and many still prefer purchasing shares. but it's important to understand that buying bitcoin Etf isn't the same as owning Bitcoin. Though I can't say if it's a good way to invest. Risk aside, you may still be able to make profits along side the crowd. But the key difference here is that as long as a central authority controls the keys you're exposed to the same custodial risks as storing coins on an exchange. True ownership and security only come with selfcustody.

Yes, what I am trying to say is that if Coinbase screws up with their security and they lose their bitcoin that they use in their ETFs, then there is no coming back.

So, it's like trusting them, that they can do self-custody well enough. But it's not like trusting BlackRock, but like trusting Coinbase because it's them who actually hold the coins.

It's not like in stocks and traditional investments, where the underlying asset is more complex. With Bitcoin as the underlying asset, if you just steal it from their address, it's gone forever.

[₿itcoin]

You aren't late to bitcoin there is always every opportunity to invest in bitcoin and grow your portfolio gradually. Although to me i wouldn't support investment made through any party or exchange, it would be ideal to make your investment and remain in custodial of your wallet, that is to say that you should make investment and have your keys at yourself than having to leave your investment on exchange where you had no key to your funds. Key in mind that bitcoin price increases gradually as time keeps going, when you understand how bitcoin operates you would never think you are late to bitcoin investment because bitcoin increases every year especially after its cycles.

That is true, there is nothing to be worried or scared. Bitcoin will make you some money, and as long as you are doing a good job, you should not be worried about it. Bitcoin has a great future and you will profit from it. I know that it feels scary sometimes when people see it so high, but they need to realize bitcoin is still better than any other investment in the world.

I would say maybe buying yourself a home instead of paying rent could be the better way, you will pay a bit more of course to your mortgage, but at least you own it, and it would be an asset instead of a liability. But aside from that, the best investment in the world is bitcoin, even at this price, long term investment into bitcoin will make you more money.

Yea it's never too late to save Bitcoin by DCA and selfcustody will give you true economical sovereignty. It's just 4% of people , up to 560 m people all over the world have bitcoin, and it's still in its adopting phase not a market that's being worked on . Putting BTC on exchange is unsafe, if I recall correctly around $2.2 billion dollar was looted and  43.8 % system bypasses happened because of secret key hacks. So keep  accumulating bitcoin and fix your private key firmly when your offline and HODL For a sustainable and non inflationary path.