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Neminem Laedit
Posted: 12 February 2025 00:07:25(UTC)
#1860

Joined: 17/09/2018(UTC)
Posts: 1,471
David1965;334036 wrote:
Neminem Laedit;334031 wrote:
Goldman Sachs increases Bitcoin exposure by nearly 90%, filing shows

https://www.thestreet.co...in-exposure-by-nearly-90


Are you buying on this news?


I have enough.

BTC has already made me a millionaire. I only need to hold (HODL) to be worth >$10m in the next 10 years.

But it's still early, considering BTC will go to $1m, and then $10m per coin...

Faites Vos Jeux
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David1965
Posted: 12 February 2025 00:35:04(UTC)
#1865

Joined: 03/05/2021(UTC)
Posts: 9
Neminem Laedit;334038 wrote:
David1965;334036 wrote:
[quote=Neminem Laedit;334031]Goldman Sachs increases Bitcoin exposure by nearly 90%, filing shows

https://www.thestreet.co...in-exposure-by-nearly-90


Are you buying on this news?


I have enough.

BTC has already made me a millionaire. I only need to hold (HODL) to be worth >$10m in the next 10 years.

But it's still early, considering BTC will go to $1m, and then $10m per coin...

So you have no conviction in that last sentence.
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Neminem Laedit
Posted: 12 February 2025 00:49:09(UTC)
#1866

Joined: 17/09/2018(UTC)
Posts: 1,471
David1965;334041 wrote:
Neminem Laedit;334038 wrote:
David1965;334036 wrote:
[quote=Neminem Laedit;334031]Goldman Sachs increases Bitcoin exposure by nearly 90%, filing shows

https://www.thestreet.co...in-exposure-by-nearly-90


Are you buying on this news?


I have enough.

BTC has already made me a millionaire. I only need to hold (HODL) to be worth >$10m in the next 10 years.

But it's still early, considering BTC will go to $1m, and then $10m per coin...

So you have no conviction in that last sentence.


I have every conviction.

Consider the Utility Value of Money.

Report back in the next 5 or 10 years...

[And look back on the fools who have posted here over the past 5 or 10 years...]
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Steve U
Posted: 12 February 2025 11:42:41(UTC)
#1863

Joined: 30/08/2017(UTC)
Posts: 335

Thanks: 483 times
Was thanked: 355 time(s) in 172 post(s)
Neminem Laedit;334038 wrote:
David1965;334036 wrote:
Neminem Laedit;334031 wrote:
Goldman Sachs increases Bitcoin exposure by nearly 90%, filing shows

https://www.thestreet.co...in-exposure-by-nearly-90


Are you buying on this news?


I have enough.

BTC has already made me a millionaire. I only need to hold (HODL) to be worth >$10m in the next 10 years.

But it's still early, considering BTC will go to $1m, and then $10m per coin...

Faites Vos Jeux



when will you have made enough to go and sit on a beach and not spend your time posting crap and bragging on here ?
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1 user thanked Steve U for this post.
SF100 on 12/02/2025(UTC)
MrBatch
Posted: 12 February 2025 16:50:34(UTC)
#1864

Joined: 22/02/2021(UTC)
Posts: 234

Thanks: 532 times
Was thanked: 315 time(s) in 121 post(s)
@Steve U

Not helpful really. Bloke has posted info on possible BTC proxy in ISA & SIPP which has helped me.
You don't like his posts don't read the thread

"when will you have made enough to go and sit on a beach and not spend your time posting crap and bragging on here ?"
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1 user thanked MrBatch for this post.
Guest on 14/02/2025(UTC)
David1965
Posted: 12 February 2025 21:41:48(UTC)
#1861

Joined: 03/05/2021(UTC)
Posts: 9
Neminem Laedit;334038 wrote:
David1965;334036 wrote:
[quote=Neminem Laedit;334031]Goldman Sachs increases Bitcoin exposure by nearly 90%, filing shows

https://www.thestreet.co...in-exposure-by-nearly-90


Are you buying on this news?


I have enough.

BTC has already made me a millionaire. I only need to hold (HODL) to be worth >$10m in the next 10 years.

But it's still early, considering BTC will go to $1m, and then $10m per coin...

I hold BTC, ETH, XRP, TRX and SOL in trading accounts. Are there still ways to get crypto in an ISA or SIPP wrapper? Have you set any price points in the future where you may take profits? Thanks.
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Neminem Laedit
Posted: 12 February 2025 23:04:51(UTC)
#1862

Joined: 17/09/2018(UTC)
Posts: 1,471
David1965;334166 wrote:
Neminem Laedit;334038 wrote:
David1965;334036 wrote:
[quote=Neminem Laedit;334031]Goldman Sachs increases Bitcoin exposure by nearly 90%, filing shows

https://www.thestreet.co...in-exposure-by-nearly-90


Are you buying on this news?


I have enough.

BTC has already made me a millionaire. I only need to hold (HODL) to be worth >$10m in the next 10 years.

But it's still early, considering BTC will go to $1m, and then $10m per coin...

I hold BTC, ETH, XRP, TRX and SOL in trading accounts. Are there still ways to get crypto in an ISA or SIPP wrapper? Have you set any price points in the future where you may take profits? Thanks.


No direct way of holding in ISA/SIPP since the FCA banned anyone in the UK from holding the European ETNs, such as BTCetc, in early 2021 (I got in before the doors closed).

You are left with MSTR or other bitcoin proxies if you want to put it in an ISA/SIPP.
https://treasuries.bitbo.io/

After searching for something which took account of the Utility Value of Money and offered a designer withdrawal schedule, I discovered the superb TPAW Planner (see thread under "Retirement").

That tells me that a wealth of £2.5-3m is the sweet spot (at least for my circumstances), which is pretty-much bullet proof, insensitive to AA, and can generate an initial withdrawal of around £200k pa, which is plenty much for anyone. The only wrinkle is the UK tax system, which I have no intention of subsidising, and intend to emigrate to somewhere like Cyprus, which has no CGT and a flat 5% income tax.

So in practice, I won't wait 10 years for the $10m. I will start selling perhaps later this year, aged 60, if BTC reaches $200k+. I expect I will still hold some BTC in 2029 and 2032, capping my wealth at around £5m.

But everyone is different, depending on your age, how many BTC you have, and when you got in...
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2 users thanked Neminem Laedit for this post.
David1965 on 13/02/2025(UTC), Guest on 14/02/2025(UTC)
ANDREW FOSTER
Posted: 12 February 2025 23:07:12(UTC)
#1867

Joined: 23/07/2019(UTC)
Posts: 8,104

Genuine question here...

Why are crypto advocates buying coins rather than mining them?

It seems to me that that is where the money is...🤔
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Neminem Laedit
Posted: 12 February 2025 23:18:57(UTC)
#1869

Joined: 17/09/2018(UTC)
Posts: 1,471
ANDREW FOSTER;334172 wrote:

Genuine question here...

Why are crypto advocates buying coins rather than mining them?

It seems to me that that is where the money is...🤔


I'm not a tech nerd, who wants to set up a mining rig.

It was easy bitcoins in the early days, but not now when the block reward has fallen from 50 BTC to 3.125 BTC.

I'm happy to view BTC as a passive investment, currently almost 8X in six years...
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Wheresthejam .
Posted: 12 February 2025 23:55:43(UTC)
#1868

Joined: 27/01/2025(UTC)
Posts: 54

Thanks: 21 times
Was thanked: 53 time(s) in 32 post(s)
ANDREW FOSTER;334172 wrote:

Genuine question here...

Why are crypto advocates buying coins rather than mining them?

It seems to me that that is where the money is...🤔


Essentially you are in a race against everyone else to "guess" the right number and mine the bitcoin block .

More processing capacity you have, more likely you'll get there first.

Apart from the upfront cost of the mining rigs, cost of electricity is the biggest factor: if you can get cheap electricity say at less than 5p per kw, you'll do well.

If you live near a hydro dam, you could sneakily tap it, as some have done :-) (and got caught!)
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1 user thanked Wheresthejam . for this post.
Neminem Laedit on 13/02/2025(UTC)
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