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🚨#BREAKING Sam Bankman-Fried to be released on $250 million bail.
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#BREAKING
Sam Bankman-Fried to be released on $250 million bail.
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🔥👀👀 Bitcoin is a currency and a store of value. You can use it. You can move it. You can store it on your own. It's up to you. If you lose it, you're accountible for that, there are not really any legal avenues for recovery. If a significantly large entity that is regulated, like MT Gox, loses your bitcoin you may eventually be restored. If you want to support the decentralized and self sovereign aspects of the Bitcoin network and actually own the Bitcoin yourself, then buy Bitcoin directly through an exchange or P2P then store it in a cold wallet or other self custody wallet. In other hand, If you just want to invest for monetary gain it is most likely the case your better off with buying the ETF. I'm not sure about your country but buy it in a tax free investment account to avoid capital gains. You won't have to put the time to learn how to safely self custody your coins and buying and selling will be very easy for you if you are familiar with buying stocks. The cons are the ETF has a small management fee. You don't control your coins. You won't be able to use the network to do peer to peer transfers. You can only buy sell during market hours. One of the biggest pros of holding your own Bitcoin is that it is non permissioned money. No one can stop you from using that money. When you buy an ETF you get a store of value you can buy and sell when the market is open. It's stored with management fees so your stash will decrease over time and all the other properties of Bitcoin are unavailable to you. If you buy directly and use a hardware wallet, you own the BTC. If you buy and leave on an exchange they own your BTC. If you buy via an ETF, they own your BTC. ETFs have tax benefits, and are insured. Also funds in an ETF are accepted by banks as investments (usable as collateral), while bitcoin isn't widely accepted. #ETFvsBTC
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💥 Short term Bitcoin holders are capitulating during the most recent $BTC dip.
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🧐 Wondering what are the differences in buying Bitcoin directly Vs buying the ETF⁉️ Pros And Cons ⁉️ 💥 Lets Find Out👇👇💥 Bitcoin is a currency and a store of value. You can use it. You can move it. You can store it on your own. It's up to you. If you lose it, you're accountible for that, there are not really any legal avenues for recovery. If a significantly large entity that is regulated, like MT Gox, loses your bitcoin you may eventually be restored. If you want to support the decentralized and self sovereign aspects of the Bitcoin network and actually own the Bitcoin yourself, then buy Bitcoin directly through an exchange or P2P then store it in a cold wallet or other self custody wallet. In other hand, If you just want to invest for monetary gain it is most likely the case your better off with buying the ETF. I'm not sure about your country but buy it in a tax free investment account to avoid capital gains. You won't have to put the time to learn how to safely self custody your coins and buying and selling will be very easy for you if you are familiar with buying stocks. The cons are the ETF has a small management fee. You don't control your coins. You won't be able to use the network to do peer to peer transfers. You can only buy sell during market hours. One of the biggest pros of holding your own Bitcoin is that it is non permissioned money. No one can stop you from using that money. When you buy an ETF you get a store of value you can buy and sell when the market is open. It's stored with management fees so your stash will decrease over time and all the other properties of Bitcoin are unavailable to you. If you buy directly and use a hardware wallet, you own the BTC. If you buy and leave on an exchange they own your BTC. If you buy via an ETF, they own your BTC. ETFs have tax benefits, and are insured. Also funds in an ETF are accepted by banks as investments (usable as collateral), while bitcoin isn't widely accepted. #ETFvsBTC 🚨DONT TRY TO COPY MY POST‼ ULL BE REPORTED‼‼
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Wondering what are the differences in buying Bitcoin directly Vs buying the ETF⁉️Pros And Cons ⁉️
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‼ BTC is still on its way to 52k - 50k
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