Bitcoins - about to hit $5,000 per coin today!

[gib]

.

In 2011 I walked through the CBD with 5kg of silver bars in my backpack. Downtown. Some 70s built building with dodgy entrance. They drilled each bar to test. Despite people quoting physical price was higher they offered spot.

Then I had to walk back through the CBD to a bank with 45k cash in my backpack.

Plebs holding physical I honestly think they are BS talkers who really have $500 worth. Doing what I did increased my risk and anxiety and I bought over spot and sold at spot so it was worse than a paper trade.

Physical metals is BS for plebs dude. paper positions or buy miners.

Lol, I can sympathize. I did the same with 1 kilo of gold, and 4 kilos of silver. Gets pretty heavy, and you also get a bit paranoid you might be robbed, or that you might lose it or drop it somehow. (It does feel nice to hold when you get it home though huh?)

[GymnJuice]

Well if you are dealing with "alts", then in my view, to some extent, almost all are scams to some degree. If you buy BTC via a regulated exchange, and store on a cold wallet you should be fine. If you are really not technical, and are prone to responding to fishing and romance scams etc, just buy the Bitcoin ETF - IBIT, from blackrock. You can buy it like you do any other stock, and you then have 1:1 exposure to Bitcoin that way (with them doing all the custody, and protection).

The bitcoin ETF is what I do. IBIT has an expense ratio of 0.25% which is higher than the other ETF that I own which are considerably less at 0.03%. Hopefully there will be more competition for the bitcoin ETFs and their expense ratios will come down in the future.