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Board Bitcoin Discussion
Re: Who here on bitcointalk traded Bitcoin back in 2009 for $0.00099 per bitcoin?
by
BTCETFInvestor
on 27/07/2025, 02:29:50 UTC
Here is a link to a YouTube Video of Martti Malmi (sirius) at a 2014 Bitcoin Conference being interviewed - and being asked what he thinks about Bitcoin.

Turn your volume way up...


 ► https://youtu.be/5i33yqSbUcc
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Board Bitcoin Discussion
Re: Who here on bitcointalk traded Bitcoin back in 2009 for $0.00099 per bitcoin?
by
BTCETFInvestor
on 27/07/2025, 01:53:22 UTC
I believe it was Martti Malmi (aka Sirius) who made that initial sale.  He sold 5,050 BTC for just $5.02 to NewLibertyStandard exchange and this was the first known real-world Bitcoin transaction

I find this all very interesting and the mysteriousness just adds to the wonderment of it all...

Is Martti Malmi (sirius) still around? He's only 37 years old. When was he heard from last?

That 5,050 BTC is worth about $500 million today with Bitcoin priced at ~$100,000.

I see that Martti Malmi (sirius) was from Sweden and studied in Finland and traveled in Germany. He communicated often with Satoshi Nakamoto in the 2009 - 2011 time period.

Obviously both Martti Malmi and Satoshi Nakamoto (possibly an alias name) are beyond brilliant, and geniuses at coding.  

It is said that Satoshi Nakamoto holds an estimated 1.1 million bitcoins. At July, 2025 price of over $100,000 each, Nakamoto's bitcoins are worth over $100 billion.

If Satoshi Nakamoto dumped his 1.1million bitcoins it only represents about 1/20th (5%) of the maximum 21 million limit cap. How did he come about acquiring bitcoins, his creation?  Huh  And, why stop at 1.1 million!  Huh        

Rumor is Satoshi Nakamoto has not transferred or sold any of his huge stash...

I've read that Satoshi Nakamoto does not live in Japan as some suspect, but most likely he lives either in the U.S. or Western Europe with Great Britain and Germany favored picks.

Most think Satoshi Nakamoto is 12-15 years older than Martti Malmi (sirius) who was born in 1988 and is 37 years-old now.      

I presume Satoshi Nakamoto's email @gmx.com suffix might have originated in Germany.  

Satoshi Nakamoto's email address he used to communicate with Martti Malmi (aka Sirius) ►   https://i.ibb.co/1tqvckhN/Screenshot-2025-07-26-190555.png

Note the +0100 Time Stamp on his email means the email was sent from a location that is one hour ahead of UTC, from Central Europe Time.
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Topic
Board Bitcoin Discussion
Re: Who here on bitcointalk traded Bitcoin back in 2009 for $0.00099 per bitcoin?
by
BTCETFInvestor
on 27/07/2025, 00:43:07 UTC
I believe it was Martti Malmi (aka Sirius) who made that initial sale.  He sold 5,050 BTC for just $5.02 to NewLibertyStandard exchange and this was the first known real-world Bitcoin transaction

I find this all very interesting and the mysteriousness just adds to the wonderment of it all...

Is Martti Malmi (sirius) still around? He's only 37 years old. When was he heard from last?

That 5,050 BTC is worth about $500 million today with Bitcoin priced at ~$100,000.

I see that Martti Malmi (sirius) communicated often with Satoshi Nakamoto in the 2009 - 2011 time period.

It is said that Satoshi Nakamoto holds an estimated 1.1 million bitcoins. At July, 2025 price of over $100,000 each, Nakamoto's bitcoins were worth over $100 billion.

Rumor is Satoshi Nakamoto has not transferred or sold any of his huge stash...

I read that Satoshi Nakamoto does not live in Japan as some suspect, but most likely he lives in either in the U.S. or Western Europe with Germany a favored pick.    

I presume Satoshi Nakamoto's email @gmx.com suffix was originated likely in Germany.  

Satoshi Nakamoto's email address he used to communicate with Martti Malmi (aka Sirius) ►   https://i.ibb.co/1tqvckhN/Screenshot-2025-07-26-190555.png
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Board Bitcoin Discussion
Re: Is the recommendation to HODL Bitcoin, to hodl it forever, or...
by
BTCETFInvestor
on 26/07/2025, 23:51:13 UTC
So, my question is pretty simple. Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining?  
We're free to sell anytime we want to. It's just that everyone encourages to hold for as long as you can because the price of Bitcoin is continuing to grow. And so, if you have decided to sell a fraction of it, that's fine. You didn't do any offense to anybody or to the community. Others have surely sold somehow because they can't just let this opportunity pass while we're on the peak.

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?  
It can be part of your retirement fund but at least you've got to enjoy the labor of your patience in holding.


I get enjoyment in a lot of different ways, and one way is in the results of good investments...
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Board Bitcoin Discussion
Re: Is the recommendation to HODL Bitcoin, to hodl it forever, or...
by
BTCETFInvestor
on 26/07/2025, 23:42:34 UTC
Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?  
There is no term of "holding forever". Each person who invests in Bitcoin, they may expect for profits someday. However, how long holding the Bitcoin can be varied among the holders. Mostly people hold Bitcoin for 3-4 years (following 4 years cycle), but there are also people holding Bitcoin for 8 years or more. This will depend on the target of each holder.

I myself only hold 3-4 years so far. I always take profits during the bullrun and rebuy on the next bearish. In my own opinion, this way is the most effective way to collect more Bitcoin and having enough money for the profits. However, the whales may have no time to always monitor the market, so they target for the profits for a longer time. They must also expect for bigger profits, it may need some cycles to achieve it.

By the way, have you made a plan about the time period of holding your Bitcoin?

Nothing planed. No intentions at this time.  At this time I have shares of FBTC ETF, but at some later time I may take BTC.
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Board Bitcoin Discussion
Re: Is the recommendation to HODL Bitcoin, to hodl it forever, or...
by
BTCETFInvestor
on 26/07/2025, 23:32:33 UTC
Being new to Bitcoin I learned how a misspelling of the word 'hold' turned into HODL -  a backronym or phrase standing for 'hold on for dear life' - - and this backronym is used often by a number of people.

So, my question is pretty simple. Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining?  

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?  
Do you have so much money elsewhere for your daily usage that you can't touch your Bitcoin investment? I mean, you have bigger quantity of Bitcoin in your wallet that you don't need it for any yet? Also, do you have other source of income that can't let you withdraw your bigger Bitcoin for any reasons?

I'm asking all these because if your answer is YES, then it's better holding your Bitcoin for as long as you want, if your answer is NO, then you should be selling your Bitcoin whenever you get some few profits. Think about it.

I won't ever need the Bitcoin related (ETF) assets. It's another asset in the game of wealth accumulation... 
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Board Bitcoin Discussion
Topic OP
Who here traded Bitcoin back in 2009 for $0.00099 per bitcoin?
by
BTCETFInvestor
on 26/07/2025, 19:29:49 UTC
Who here traded Bitcoin back in 2009 for $0.00099 per bitcoin?

The New Liberty Standard Exchange recorded the first exchange of Bitcoin for dollars in late 2009. Users on the BitcoinTalk forum traded 5,050 bitcoins for $5.02 via PayPal, making the first price mediated through an exchange a bargain basement price of $0.00099 per bitcoin. In other words, the price was about one-tenth of one cent.
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Board Bitcoin Discussion
Re: How many Bitcoins do the active bitcointalk forum members typically have?
by
BTCETFInvestor
on 26/07/2025, 16:40:57 UTC
What is the consensus (guess) for how many Bitcoins on-average do the active bitcointalk forum members typically have?  
For privacy, no Bitcoin investors would tell you that how many bitcoin they have so if you do any survey, you will likely receive fake answers with no accurate and honest figures.

Even someone answers your question honestly, your question is not too relevant so it won't be helpful for your data collection and data analysis later. A person possibly has different bitcoin number in the past, the present and the future.

Hopefully until now, you see that how bad your question is and how you need to change your current question to a better one.

I do not expect or encourage any member to actually reveal how many Bitcoins they own by answering in writing. That's why I provided a poll which is anonymous. And it's just a total guess of what the average members here own...
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Board Bitcoin Discussion
Re: How many Bitcoins do the active bitcointalk forum members typically have?
by
BTCETFInvestor
on 26/07/2025, 16:32:14 UTC
This is like going on an agriculture forum and asking how many cattle the typical cattle farmer in a given country has... some have scaled, some have not, some have been involved longer than others. You're going to get a wide distribution...

Just a guess... Much like guessing the net worth of the people in your office or members in your church, etc.    
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Board Bitcoin Discussion
Topic OP
How many Bitcoins do the active bitcointalk forum members typically have?
by
BTCETFInvestor
on 26/07/2025, 16:08:55 UTC
What is the consensus (guess) for how many Bitcoins on-average do the active bitcointalk forum members typically have? 
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Topic
Board Bitcoin Discussion
Re: Is the recommendation to HODL Bitcoin, to hodl it forever, or...
by
BTCETFInvestor
on 26/07/2025, 15:40:08 UTC

Is the recommendation to HODL Bitcoin, to hodl forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC he has and continue hodling the remaining?  

Its just like doing a business, some will like to sell at $5 interest while some may prefer selling at $15 interest or even more depending on how long they may wish to hodl until they have a customer to buy at their selling rate, once you're able to hodl bitcoin and also make some profits on it, then you may decide on when to sell and at what rate you wanted to sell base on the current market value on bitcoin, if otherwise, you can continue to hodl and as the market keep increasing, then you keep earning as well, some may also choose to buy the dip and sell and continue in this circle.

I wonder what percentage of Bitcoin [anytime] owners have sold all or a significant portion of their holdings and regret selling it because they've missed out on the increases that have taken place?  

Clearly, early owners that bought pizzas with a handful of Bitcoins enormously regrets 'spending' them, but I strongly suspect there's a devastating number of owners that in the past few years have chosen to take profits and now beat themselves up with overwhelming regret. That common proverb - 'It's never wrong to take profit' is never always correct!    
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Board Bitcoin Discussion
Re: Edward Jones Policy Against Clients Purchasing/Holding Bitcoin, including ETFs!
by
BTCETFInvestor
on 26/07/2025, 13:21:39 UTC
Then we have Vanguard!

Vanguard, the $10 trillion asset manager has famously refused to touch Bitcoin and other cryptocurrencies while its peers have jumped headfirst in the past year.

However, Vanguard is the largest shareholder in MicroStrategy (NASDAQ:MSTR), a firm whose value proposition is that it is the most established Bitcoin proxy in the stock market!

Vanguard owns more than 20 million shares of all of MicroStrategy’s outstanding class A shares, worth over $9 billion.

The disconnect between Vanguard’s professed cryptocurrency stance and its financial holdings primarily comes from its passive index fund strategies through funds like the Vanguard Total Stock Market Index (NASDAQ:VITSX), Vanguard Extended Market Index (NASDAQ:VIEIX) and the Vanguard Growth Index Fund ETF (NYSE:VUG).

But Vanguard also has exposure to MicroStrategy in some of its actively managed funds. Still, the firm maintains that this is not the result of conviction but the fact that those funds are comprised of stocks chosen by mathematical models.

“God has a sense of humor,” Bloomberg Senior ETF analyst Eric Balchunas told Bloomberg. “Vanguard chose this life. When you have an index fund, you have to own all the stocks, for better or worse, and that includes stocks that you may not like or approve of personally.”

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Topic OP
Edward Jones Policy Against Clients Purchasing/Holding Bitcoin, including ETFs!
by
BTCETFInvestor
on 26/07/2025, 13:04:49 UTC
What I find amusing as well as somewhat troubling is how Edward Jones Financial Services firm is handling their clients wanting to invest in Bitcoin, either holding it directly or buying shares of a Bitcoin ETF.


Edward Jones has a policy against clients directly purchasing or holding cryptocurrencies like Bitcoin, including through Bitcoin ETFs and other related investment products.

Edward Jones considers cryptocurrencies like Bitcoin to be highly speculative investments due to their price volatility, lack of underlying fundamentals (like company profits or assets), and regulatory uncertainty. Edward Jones doesn't allow clients to purchase or hold cryptocurrencies, futures contracts on cryptocurrencies, or funds (ETFs/ETNs) that directly own cryptocurrencies.

The firm's rationale emphasizes following time-tested investment principles and focuses on investments with established track records and clear valuations. They also express concerns about the potential for illicit activities involving cryptocurrency.


https://www.edwardjones.com/sites/default/files/acquiadam/2023-07/bitcoin-cryptocurrencies-and-blockchain-ca.pdf

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Board Bitcoin Discussion
Re: Is Buying Shares of a BTC ETF a good way to invest in Bitcoin?
by
BTCETFInvestor
on 26/07/2025, 12:43:28 UTC
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...    
If you've already made up your mind and the advice of others doesn't have any impact then there's really nothing to talk about. You are better off choosing to use a third party rather than having bitcoin in your own hands. But what in the title you are still asking, while from this statement it feels like the decision is final.
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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... 
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Topic
Board Bitcoin Discussion
Re: Is Buying Shares of a BTC ETF a good way to invest in Bitcoin?
by
BTCETFInvestor
on 26/07/2025, 00:56:19 UTC

Just recently I've decided to invest in Bitcoin and have chosen to buy shares in Fidelity's FBTC Exchange-Traded-Fund.

My choice was primarily between Fidelity's FBTC and Blackrock's IBIT. I chose FBTC because I like and trust Fidelity's service and I like their Trading Dashboard features.

Is Buying Shares of a BTC ETF a good way for non-tech new (late-to the game) investors to invest in BTC?    

In as much as this sounds good to you to buy a share of Bitcoin ETF and hold, why not or what stops you from buying Bitcoin directly from any decentralized exchange platform or a centralized exchange platform out there such as Binance or Bybit, and put your BTC in a cold storage wallet such as Ledger Nano X or Trezor model you can also use a free wallet like the electrum wallet if you can't get your hands on any of these hardware wallets and have a full possession of your funds, because not your keys not your cryptos.
It safer to self custody that's the main game.

That's a fair question! I'm totally new to Bitcoin and I've been trying to soak up knowledge from A to Z. 

As much as Bitcoin was new to me and took me days and days of researching and digging to learn a little about mining and halving and hashing and blockchains and electricity usage and cooling and on and on - then things started making more sense and the puzzle pieces started fitting. Then I turned my attention to how me investing in Bitcoin could be promising for me. That led to learning a little about wallets, hot storage, cold storage, etc. and how a lot of people have lost their passwords or private keys or their computer harddrive, etc. Then I learned about crypto holding firms and exchanges like Mt. Gox that got hacked and people lost the Bitcoin, etc. etc. To be honest, that made me not want to be the custodian of my BTC or deal with a holding firm that could be hacked - so I started looking for a way to invest in Bitcoin but have a trusted financial institution manage the custodian of it for me.

I have accounts with three brokerages (Fidelity, Charles Schwab and Wells Fargo) and two large banks (Wells Fargo and Capital One) and a global investment management company (Vanguard). I feel comfortable with all of them protecting my investments. So, I started digging around and learned that Fidelity and Blackrock, and a couple others, had Bitcoin exchange-traded- funds - so I chose Fidelity's FBTC EFT and as you might have guessed I have already - even with my meager Bitcoin education - taken a pretty sizable position in FBTC using my Fidelity brokerage. And as you might can tell, I'm really excited about my Bitcoin investment even with it being via an ETF instead of in a wallet...                 
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Board Bitcoin Discussion
Topic OP
Is the recommendation to HODL Bitcoin, to hodl it forever, or...
by
BTCETFInvestor
on 26/07/2025, 00:10:43 UTC
Is the recommendation to HODL Bitcoin, to hodl it forever, or until the owner really, really needs (or really wants) currency for something important - with the intent to only sell a fraction of the BTC your hodling and continue hodling the remaining? 

Just how do you define your hodling recommendation? Is it really forever or does it have any exceptions?   
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Topic
Board Speculation
Re: Bitcoin vs Gold - Which will win the % of increase 10 year Race?
by
BTCETFInvestor
on 25/07/2025, 23:16:20 UTC
well. lets try

~~~~~

so for any time in the past BTC crushes gold mocks gold pisses on good it is the clearest cut route in the history of the world.

as for

2016 to 2026. so far btc is killing gold

2017 to 2027 so far btc is killing gold

2018 to 2028 so far btc is killing gold

2019 to 2029 so far btc is killing gold


2020 to 2030 it is grayer



so the answer is

what dates do you want to pick?


10 Year prediction from now; 2025 to 2035. 
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Topic OP
Bitcoin vs Gold - Which will win the % of increase 10 year Race?
by
BTCETFInvestor
on 25/07/2025, 22:34:18 UTC
 Bitcoin vs Gold - Which will win the % of increase 10 Year Race?

The price of gold is often thought to be a less volatile investment whereas Bitcoin is actually expected to have some significant spurts of volatility.

Like a horse race, each might nose ahead on and off, then fall back, and then one finds its stamina to make a final burst to the finish line. 

Putting the same dollar amount in both Gold and Bitcoin when they both burst out of the starting gate for a 10 year race - which one (Gold or Bitcoin) will win the 'percentage of increase' race? 

Will there be a clear winner right out of the gates, or at the midway 5 year point, or will it be neck-and-neck down the stretch with one coming on strong at the finish line?
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Topic OP
How close will FBTC share price track to price of BTC?
by
BTCETFInvestor
on 25/07/2025, 15:33:01 UTC
How close will the share price of the Fidelity exchange-traded-fund FBTC track to the price of BTC?

Today FBTC is about $100/Share and BTC is about $115,000, so 1,150 shares of FBTC equals the price of 1BTC.  Do you think this 1150:1 ratio will deviate much going-forward? 
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Board Speculation
Re: Your thoughts on the future price predictions of BTC by experts
by
BTCETFInvestor
on 24/07/2025, 23:24:29 UTC
If the predictions coming from all these crypto experts are remotely close to being accurate I don't see why there aren't more people rushing to buy Bitcoin BTC ETFs.