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This user asks Is it wise to sell Bitcoin and buy Bitcoin ETF once it’s available?

Here's some replies:

Halo22B says

Very few that have grasped the concept of self sovereign safe storage practices will go to a centralized promise of paper Bitcoin. I do think a moderate percentage of people who exclusively hold on exchange (for "safety" reasons) will sell and switch to an ETF product.

Disavowed_Rogue says

Buy both.

Frogolocalypse says

Only you can decide the best security solution for your bitcoin. Every person will have different use-cases, requirements, and goals.

Aww and who can bash that last one? Me. I can bash it. This is the equivalent of "Not financial advice, do your own research" Every site this person looks up is going to tell them that ETFs are safe.

Now, to be fair to r/bitcoin, most of the comments are saying no don't do it, but I still feel it hasn't been made clear enough why this is such a problem. I can already sense shouts crying "dogma" at the idea that an ETF isn't safe.

Here was my reply:

"This is the shit the happens when you celebrate ETFs, moon bois. People forget counter-party risk exists in ETFs and unironically think its safer than holding it yourself.

A single point to attack, a single point of failure for everyone's money, is easier than 1,000 points to attack.

Anaxander, the son of Eurycrates, when someone inquired why the Spartans did not amass money in the public treasury, said, 'So that those made the guardians of it may not become corrupt.'"

https://i.redd.it/o9zvw7nvgk3a1.png

DDoSer on the phone.

Yes, you're absolutely right - it was done for fun. I'm testing a new method for DDoSing Amazon targeted servers, and stacker.news is the right place for such testing.

I apologize if I did any harm :c
I read stacker.news regularly myself and like lightning news

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Writing a new article for my blog on substack spanish ( if anyone wants to check out my old ones lurusan.substack.com ) about book recos for and to understand Bitcoin from different view angles. And researching to make on about Nostr for the Spanish Community

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Talking about fucking conspiracies XD. Dude, I will be spitting just straight true facts, but because it makes the government sound bad, its perceived as conspiratorial. I gotta chill and be matter of fact with it.

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I’m so used to shilling the birth of my children on Twitter threads to make 10% back on affiliate links at the end of the thread

what??!

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