Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 09/09/2023, 20:26:55 UTC
I grabbed some silver.

I am stacking more btc.
Why silver?  Physical silver comes at a premium you can't recover - it's nearly CA$10 an ounce on ounce coins right now (25%) and you'll get spot when you sell unless you're brave enough to do it privately but it's not worth the risk imo.  Are you a closet prepper Phil?
I buy from sellers I know on btc talk

I grabbed 40 oz for 988.

which is 24.65 an oz

just A bit over spot.

I am looking to have four investments

silver
btc
fed bonds
real estate.

I do have some of each along with mining income and pensions.

Of course equities usually fit into the way that people diversify their assets, and you had mentioned that you had a form of 401k .. which would allow you to have some exposure to equities and bonds through that too... depending on how diversified that you might have that, but there are ONLY 5 fund categories in that one anyhow..

Surely, silver, gold and other commodities is a kind of a category in which bitcoin might not completely be able to completely replace their physicality. so there could be some limited use cases in having some exposure to them.. perhaps?

Multisig solves a lot of potential security issues without making things complex (which is a security issue by itself). It really should be the standard in case of managing anything else than pocket change.
https://www.youtube.com/watch?v=sjS5qF65Yos

Shamir Backup seems like the best option to me. for a casual anyway.

Pretty easy and safe and secure.

https://www.youtube.com/watch?v=p7WkAN0Gac4

I am not resting assured from those two videos, so in that regard, I have my doubts that shamir backups are a slam dunk as better than multi-sig.. including that multi-sig allows for not having to bring all the keys together at the same place (even though surely Antonopolis had pointed out one of the dangers to have the  public keys for all three but maybe only needing the private keys for two)

It seems that one of the dangers that bitebits was wanting to lesson is the potential problems of being reliant on one manufacturer, but sure, if you end up overcomplicating your matters, then you become your own danger to yourself.