Replying to Avatar Diesel

GM.

Just had my brother in law (very successful financial advisor at Fidelity) text me “thoughts on ETF DCA vs BTC directly” to which I replied asking if he was trolling me. “Not at all, Roth cash is going into it”

I’ve been racking my brain for a minute now - what is the best analogy here in simpleton terms? I mean custody vs self custody is kinda boring to people that don’t get it but there has to be a simple example that shows how dumb the question is without realizing it?

#asknostr
Avatar
boston wine 2y ago

Ask if he would rather own real gold or paper IOU for gold, if the cost of storing and perfectly securing that physical gold was 0.000001% of the asset value instead of 1%

Reply to this note

Please Login to reply.

Discussion

Avatar
boston wine 2y ago

(Oh and the paper gold charges advisory fees instead)

You can also mention the exhilarating multidisciplinary adventure that is the Bitcoin rabbit hole 😉

Avatar
Diesel 2y ago

I love the rabbit hole. It’s a damn marathon though! Haha