100 sats \ 3 replies \ @nerd2ninja 29 May \ parent \ on: People who buy spot BTC ETFs - tribemates or not? alter_native
Will their savings increase though? Because you need to be able to verify your Bitcoin to sync up with the price of Bitcoin. If ETF holders had Bitcoin crash right now I bet you they'd be more than a little upset.
And why call us cult members? This isn't a cult. Its a money. Not being able to deal with people in the same money is kinda a big problem to overlook.
There was a time when I couldn't stop talking about bitcoin. I don't go on and on about it anymore, but I've definitely been called a "cult member" by family.
It's just...I feel like I see the light, and could "rescue" people, if they would just listen to me But that never appears to work.
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As a teacher, I can only share that sometimes the seeds you sow don’t mature until much later, years down the road even.
You are doing what you can, and it is enough.
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ETFs are very liquid. They can trade back and forth into Nvidia, treasuries or whatever degen position they want. 401ks work well enough (so far) for plenty of people who have retired successfully, despite market fluctuations.
Most people have busy lives and don't want to have to think about self custody.
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