If you view btc as an investment, yes that’s a good way to invest in btc since you care only for the price, nothing else. From your perspective, this decision makes sense the most.
If you value the tech behind btc and have plans to use it, then you need to own btc itself. You know there are a few nice use cases. You can buy stuff with it, keep your savings in a btc address like it is a savings account… Send money globally without needing permission…
Clearly you are not interested in these and that’s why you made the right decision
Yes, I think you are correct that
I do not have plans to use the tech behind BTC -
being solely interested in the FBTC ETF share price, in that it moves pretty closely parallel with the value of BTC.
I love learning about the tech and how some holders of BTC might use that tech,
but I really do not foresee me using it like some might...
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At my early progress stage of understanding Bitcoin I feel more comfortable owning shares of a Bitcoin ETF instead of owning Bitcoin directly.
I am admittedly at a stage comparable to a child just recently giving up his tricycle to attempt riding a bicycle with training wheels. I fully realize many people here are so advanced in knowledge and experience with Bitcoin that they are well beyond me to the extent they are piloting turbojet aircraft while I'm still learning to keep my balance and not fall off when riding a bicycle with the training wheels removed.
While I have a fairly extensive knowledge of investing in stocks and the various investment features of the underlying asset such as option trading, shorting, etc., it is far different compared to directly owning Bitcoin. So, maybe at some point I may decide to own Bitcoin directly, but yes - I have decided that time is not now - so until that time arrives my decision to invest in a Bitcoin ETF is final...