Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by OutOfMemory (1)
[Edited out]
Quote
Don't trust, verify.
Imo, you can't be Quote from: BTCETFInvestor
very pro Bitcoin
if you don't embrace this soul statement, which is one of the core aspects of the Bitcoin blockchain.Many of us already know that owning Bitcoin ETFs is not the same as owning bitcoin, and sure there can be some legitimate reasons that guys might own bitcoin ETFs rather than owning bitcoin or perhaps to own both bitcoin and Bitcoin ETFs can also be acceptable in certain circumstances.
I won't completely bash folks (especially newbies) for owning bitcoin ETFs, yet I may well bash newbies and others for arguing that bitcoin etfs are the same thing or close enough to the same thing as owning bitcoin directly, when they are not.
There is a difference between owning price exposure to bitcoin and owning the underlying bitcoin directly, including that some folks hold their bitcoin on exchanges (or with other 3rd parties) which can be problematic depending on the relationship and perhaps how much of their bitcoin stash are held in those custodian relations, and sure sometimes there might be a role for price exposure and/or third party custody arrangements in certain contexts.. even though the actual power of bitcoin comes from holding it and transacting in it directly, which sure bitcoin might still have some power even when it is not held by individuals, yet bitcoin may well end up getting neutered quite a bit if it were to go down a path of having hardly any individual ownership.
But when i would say i am "(very) pro Bitcoin" i would literally mean Bitcoin, not BTCETFs. But that's probably only my nitpicking me.
On the other hand, when one says things like "i am pro Gold" and actually "holds" paper gold at Robinhood and the likes, doesn't he make a bit a clown of himself?
Maybe i was a little ashamed of BTCETFInvestor's toxicity and tried to teach him too much from my Bitcoin-maximalist point of view?
Anyway, i decided to let go of discussing with him, his recent out-of-context replies were too much (or less than needed?) to go on with a meaningful debate.
Yes. I understand that the conversation had been devolving into more and more disjointedness.
See below: BTCETFInvestor said that he did not own any bitcoin, only shares in a spot Bitcoin ETF, which was part of the reason that he could potentially be more lackadaisical in regards to his personal OPSec.
[edited out]
Not sure why it wasn't just accepted that I (like Philip) have the same attitude of not being "worried that much over a possible $5 wrench incident happening" to me as my personal assessment. I don't even own any BTC, I own many shares of spot Bitcoin ETF. Yet, I was put through the meat grinder and ridiculed for possibly revealing opsec sensitive info... Amazing! Did we just bounce off $110k flat? 
Beautiful!
Beautiful!
Too early to proclaim it is (was) a bounce.
i hope we go lower,
Usually low coiners or no coiners make such assertions, yet you have been registered on the forum since April 2013. I would have had thought you would have had stacked enough corn by now, so that you could be sufficiently prepared for UP.
i hope we go lower,
aggr.trade going mad right now 
Hell of a lot of longs getting fucked today.
EDIT: Exactly 24h after yesterday's red 1h candle. Coincidence?
Leverage is a bitch.