Oddbean new post about login | logout yeah but you don't get it... in Europe you have no choice.. in Switzerland I have a LITTLE choice: a bank fund or a cash account. It simply sits there year after year losing to inflation. If an ETF comes along and my bank is then "permitted" for me to tell them: "please invest in this Bitcoin ETF" for SURE I would say: yeah go for it. All other options open to me are useless...
I actually phoned the bank that had lost me 17% in the first year and asked "hey I would really like to just buy Bitcoin with this what can you do?" he replied "oh that is WAY too risky for us hence the law doesn't permit it.." ... after losing me 17% in my first year.. MFs! and with NO LOSS to THEIR bottom line. It is the absolute fiat fuckery of this world in one story...
One of the biggest scams of TradFi: - we make you a small profit, WE GET PAID! - we lose you unlimited money, WE GET PAID It sucks, when it's legal for them to take your money, gamble it away, and face zero consequences
I do get it. I didn't tell you not to buy the #Bitcoin ETF, if you'll have the option, in your pension. I gave you an example of a similar situation that I was in, but the ETF wasn't available, at that point. You should do with your money what makes most sense to you, not to please Bitcoiners.
well i just want BTC. Today I had the winning noob argument actually: "answer this question: will the US$ be worth MORE or LESS Venezuelan Bolivars in 4 years? will the CHF be worth MORE or LESS US$ in 4 years? If needed extend that to 10 or 20 years" "Once you answer yes to both of those then you have the answer to: will 1 BTC be worth more or less [fiat currency of your choice INCLUDING the CHF] in 4 years"