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12-05-2023, 01:20 PM
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#4401 | | I contribute to threads in the offtopic forum
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Originally Posted by 68style  That might be true, but Blackrock's portfolio is estimated to be worth $3,477,455,768,419. 3.5 Trillion $$$$.
So even just 1% of that is $34 billion.
That's a lot of BTC. 750,000+ bitcoins at the current price to be exact. | Blackrock is an asset manager though. They don't own those BTC.
Institutions use Blackrock as a fiduciary to buy BTC.
For example, if Pension Group A has $100 in assets, they will go to Blackrock and ask them to buy 1% in BTC. So Blackrock will hold $1 in BTC for Pension Group A. All of the portfolio risk is with Pension Group A.
Blackrock just holds it for them.
You should also say Blackrocks Assets Under Management (AUM), not portfolio. When you say portfolio people may think that's their investment portfolio, it is not. That $3.5T figure is their AUM.
It's the same as if you went to TD Bank and opened up a trading account. You use TD Bank as a fiduciary to buy investments.
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12-05-2023, 01:58 PM
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#4402 | | Performance Moderator
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Nonetheless, the potential is there!
Note: I do not own any significant amounts of BTC... just watching what's going on
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12-05-2023, 04:02 PM
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#4403 | | RS.net, helping ugly ppl have sex since 2001
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Originally Posted by 68style Why does the price graph of hobzcoin look like a dick? | And why is it pointing downwards?
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12-13-2023, 06:37 PM
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#4404 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
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Originally Posted by SkinnyPupp If that's sarcasm, you should know I've supported Bitcoin 100% since it started, all through the ups and downs, until now. It's the shitcoins and NFTs that I shit on. It's all on record right here! | Yes its sarcasm lol. I hope being an early supporter has been good for you.
Unfortunately IMO the biggest run-up for BTC is over at this point. It will be hard for regular people to become a millionaire with just btc within our lifetime.
hence shitcoin will never die. the dream needs to live on somewhere else.
New this cycle is BRC20, shitcoin/nft on Bitcoin. So even the king is now tainted by jpeg and shitcoins lol
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12-20-2023, 10:29 PM
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#4405 | | Hacked RS to become a mod
Join Date: Feb 2002 Location: Sunny Hong Kong
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So of course right when I want to transfer bitcoin, it costs over $30 to do a transaction. ffs  | |
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12-22-2023, 02:12 PM
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#4406 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
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| Quote:
Originally Posted by SkinnyPupp So of course right when I want to transfer bitcoin, it costs over $30 to do a transaction. ffs | It been like this for weeks now thanks for ordinal and inscription (aka shitcoin on BTC)
Chain totally broken right now. And if you used BTC as intended, with multiple public addresses you are screw transfering from multiple UTXO.
BTC txn fee about 30x more than ETH right now lol
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01-10-2024, 05:05 PM
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#4407 | | RS.net, helping ugly ppl have sex since 2001
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Here we go ... finally, officially approved. No hack account Twitter. How high will Bitcoin go? Bitcoin exchange-traded funds get approval from U.S. SEC https://www.cbc.ca/news/business/arm...-sec-1.7079932 | |
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01-10-2024, 07:06 PM
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#4408 | | in the butt
Join Date: Aug 2016
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^ Whats the difference between this, and all the existing crypto stonks?
The new ones will be watched by daddy government? Crooks just want to profit off peoples contributions to their funds
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01-10-2024, 07:30 PM
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#4409 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
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It still remains that its just people buying imaginary air and convincing other people they need that imaginary air so they can sell it for more to get actual money that is based on something tangible, like GDP.
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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01-10-2024, 08:02 PM
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#4410 | | I contribute to threads in the offtopic forum
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Originally Posted by donk. ^ Whats the difference between this, and all the existing crypto stonks?
The new ones will be watched by daddy government? Crooks just want to profit off peoples contributions to their funds | In the US, there is no way for investors to buy BTC or crypto inside registered accounts.
Think our TFSA or RRSP or RESP, etc. or even non-registered accounts.
So once they approve the BTC ETF's, people can now buy them inside these registered accounts. Also, big pensions or other institutions can now buy these ETF's if they want exposure. So instead of buying actual BTC and hold it in cold storage, they can just buy the ETF at spot.
Canada has approved crypto ETF's and the US has BTC futures, but the US does not have spot BTC ETF's. So this is kind of a big deal depending on how you look at it.
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01-27-2024, 05:35 PM
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#4411 | | I contribute to threads in the offtopic forum
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Anyone here using a cold wallet? If so which ones are you using?
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Integra Type R 00-0853
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01-27-2024, 07:46 PM
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#4412 | | My homepage has been set to RS
Join Date: Nov 2008 Location: vancouver
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| Quote:
Originally Posted by PeanutButter In the US, there is no way for investors to buy BTC or crypto inside registered accounts.
Think our TFSA or RRSP or RESP, etc. or even non-registered accounts.
So once they approve the BTC ETF's, people can now buy them inside these registered accounts. Also, big pensions or other institutions can now buy these ETF's if they want exposure. So instead of buying actual BTC and hold it in cold storage, they can just buy the ETF at spot.
Canada has approved crypto ETF's and the US has BTC futures, but the US does not have spot BTC ETF's. So this is kind of a big deal depending on how you look at it. | The ETFs in Canada are so convenient, I just buy $20 here and there every time there’s a red day. I’m going to keep do that until I retire.
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01-28-2024, 07:53 AM
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#4413 | | Even when im right, revscene.net is still right!
Join Date: Jun 2003 Location: Vancouver
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Originally Posted by tegra7 Anyone here using a cold wallet? If so which ones are you using? | I have been using a Ledger Nano S since about 2017. Buy directly from them, no resellers or used. This is very important, lots of related scams here.
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01-30-2024, 10:54 AM
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#4414 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
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I'm using an Ledger Nano X.
there's alot of people that don't like them because of some security risk...you read enough about any of them and people complain.
Tresor is the other popular one
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02-02-2024, 07:17 PM
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#4415 | | I contribute to threads in the offtopic forum
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Originally Posted by RevYouUp The ETFs in Canada are so convenient, I just buy $20 here and there every time there’s a red day. I’m going to keep do that until I retire. | Which brokerage do you use? I use TD so it's $10 in commission every trade =(
I think Wealth simple you get free trades?
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02-02-2024, 07:21 PM
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#4416 | | My homepage has been set to RS
Join Date: Nov 2008 Location: vancouver
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I use Questrade, no fees on ETF purchases. They just suck for options trading though, $11 a trade.
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02-02-2024, 08:12 PM
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#4417 | | Need my Daily Fix of RS
Join Date: Apr 2010 Location: vancouver
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National Bank has no commissions on stocks/ETFs. Trading options is cheaper than Questrade too, but I forget the fee off the top of my head
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02-02-2024, 08:16 PM
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#4418 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
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Trading stocks on wealth simple is free and they also do crypto.
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Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
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02-28-2024, 10:13 PM
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#4419 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Mar 2013 Location: Vancouver
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Getting really close to ATH 
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༼ つ ◕_◕ ༽つ | |
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02-29-2024, 07:08 AM
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#4420 | | RS.net, helping ugly ppl have sex since 2001
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yah, what a couple of weeks!
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02-29-2024, 08:18 AM
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#4421 | | I contribute to threads in the offtopic forum
Join Date: Jun 2013 Location: Burnaby
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BTC already hit a Canadian ATH because of our crappy exchange rate. USD ATH is in sight for sure.
If this is the next bull cycle, I have targeted sell prices this time. I'm going to take some profits at:
$70k
$80k
$90k
$100k
$110k
$120k
If it hits $120k and I do all of my sell orders, about 40% of my portfolio will be sold. At least this way i'll make out with a small bag this time and I can let the rest of it ride.. if and when the market goes into the gutter a year or so from now, I can hopefully buy back.
This is my strategy anyhow. I figured I needed to make one since the last two bull markets I didn't have one and was getting too caught up with going to the moon.
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02-29-2024, 08:35 AM
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#4422 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Nov 2002 Location: 604
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^ don't forget to ask, 'What would you do if colleague at work had $X in BTC?'
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02-29-2024, 08:54 AM
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#4423 | | I contribute to threads in the offtopic forum
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My buddy had over 300 BTC at one point. At the time his bag was worth about $3k. It went up to $15k and he sold all of it.
To my surprise he doesn't regret it, he said his investment went 5x, and he moved on. He didn't really understand BTC and still doesn't, so I guess he made the right decision and he's not butt hurt about it. He also makes $350k a year, but I don't know if that affects anything lol.
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02-29-2024, 09:07 AM
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#4424 | | Performance Moderator
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He's also a liar, he might say that to you to save face, there's nothing you can do about it so no point in hanging yourself out to dry, but you know 100% he stops once in awhile while looking out a window and thinks about what might have been while a tear rolls down his cheek.
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02-29-2024, 09:49 PM
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#4425 | | I contribute to threads in the offtopic forum
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Well, i'm sure he thinks about it, who wouldn't? He seemed pretty pragmatic about it though. He said there aren't many people who would be able to hold onto 300 BTC for that long. BTC was about $10 at the time, eventually, you would sell. How could you not?
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