BLUE CHECKS WASTING AIR ARGUING ABOUT SATS WHILE THE SUITS WERE LIKE FUCK IT LETS JUST MAKE EACH SHARE A RANDOM FUCKING NUMBER LMFAO
Discussion
They are still arguing over this too lmao
😂
lol & they’ll split it in 5 years 10:1 🤣
People like to complicate things, sometimes to steal from others.
Keep it simple self custody and stay humble 🫡
Excellent counter! Ask any ETF holder "how much corn they have" and they won't know. Next year ask the same question (you, know, fees) and they'll be wrong again. The only number they care about is fiat go up.
Just like any bitcoiner around here anyway.
They're just forex and stock junkies that get all happy and advertise around here: "I paid for my coffee with Blackrock ETFs"
Hell would break loose if they'd discover you can actually mine crypto from their own laptops. But they aren't really interested on that, at all.
They should have made IBIT be 1/100 or 1/1000 of the BTC price.
For SPY they make it be roughly 1/10 of the S&P price.
You can't because you have management fees reducing the BTC / share every year. Rather just make it a random number.
0.12% per year would mean 1% diff every 8 years.
SPY has been able to keep it's price within a few % of 1/10 of SPX for +20 years and they even have the handling of dividends to manage for the difference.
Every 10 years you can do a small stock split to rebalance if needed.
💯🎯🙌🫡🧡💜
The random numbers choice was a great favor for all the crypto clones.
WAIT, BLACKROCK IS 58USD/SHARE GANG?
Stock split incoming soon
ETFs can't track the price of bitcoin long term because they take 0.15%-1.5% off the top annually in management fees.
The management fees actually had decent competition. IBIT wanted to charge much more but were forced through competition to come in at 0.12%. Which for small to medium holders is much cheaper than an unchained or casa assisted custody plan. Other ETFs came in with even lower fees I believe.
😂😂😂😂
Are Orange Checks the new blue checks?
Can't believe people are buying Bitcoin ETFs. It is much simpler to just buy Bitcoin instead.
Is it though? People with a fidelity account can just move whatever percentage of their portfolio to bitcoin ETFs. No new exchange accounts, no learning about self custody. I'm not arguing for ETFs, they're stupid, but honestly they are much easier for a lot of people.
If you buy with KYC and never spend your Bitcoin, are you really any different from someone buying the ETF? You certainly don't have freedom money.
#DontRiskItBisqIt
It is better if you self custody. At least you avoid counterparty
You always have a counterparty.
With self-custody you become the counterparty 😁
For most boomers that is worse than Charles Schwab. Just check the Sparrow Telegram Support group and assess the risk of losing coins in self-custody.
Self-custody is always better for ideological reasons (starve the beast) but isn't always a lower risk of losing your coins, e.g. doesn't even know what seed words are.
Grandpa, that isn't "freedom money". You get arrested because everyone can see where you use it.
99% normal people don't care about a bisq, and they would still go after the donation recipients anyway.
Monero fixes that.
Why do you have to spend it?
LMFAO
😂
It’s not random - those suits are somewhat smart. They made it cheap for a regular Joe to buy “bitcoin”.
gm. Stay humble and stack bitcoins.. doesn’t work does it.
For someone who thinks X is inferior and unworthy of anyones time you sure post about it a LOT.
I DELETED MY X SO I COULD CRITIQUE IT AND BLUE CHECKS WITHOUT BEING A HYPOCRITE.
Beautiful.
Sure, I just don't see the point. You left X & you are on Nostr but keep posting about X. If you want to keep posting about X & its users that's entirely up to you, just because you are not being hypocritical seems somewhat irrelevant, it's that you left it & constantly talk about it like it's an ex-girlfriend. Why use Nostr to keep posting about X? Let it go 👍
I mean, there's management fees. They could have made them a eound number but after one period the fees would have broken that parity anyway.