Posted by DigiNomad on 15th of Feb 2024 at 01:53 pm
COIN fees are brutal (see tiers below). However, the trade in
question would have had to be 1 million or higher and executed as a
market order instead of limit order in order to cost 6K...and
that's if he had very little trade volume in the last 30 days.
I've been in HODL mode. But, when it's more rangy, I will
often take some large almost can't miss day trades just to get to a
better fee tier...then I'll start trading normally.
For people that really believe in the promise of BTC, the
idea of someone else holding it for you in a dollar denominated ETF
doesn't really work. Is it the best pyramid scheme in
history? Absolutely, yes. But the other characteristics that make
BTC attractive to people who are scared of fiat economies and
central banks go out the window with the ETF's.
I'm aware of a Digital Bank company in the making with multiple
govt's around the world - will be secured by hard assets and is the
fastest platform in the world (faster than Visa/Mastercard).
Will cost a fraction of these exorbitant fees - this will not
work as a true currency for the vast population. Pocahontas
won't allow in US as she's tied into the big banks but it's coming
to several countries such as Thailand, Sri Lanka, Dubai, etc.
Posted by DigiNomad on 15th of Feb 2024 at 01:59 pm
Gary Gensler's and Janet Yellen's wet dreams would be for BTC
assets to move into ETF's en masse and put pressure on the
companies that offer investors the ability to hold their own keys.
Game set match for the bitcoin dream if it plays out that way.
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COIN fees are brutal (see
COIN - Reports tonight ...
Posted by DigiNomad on 15th of Feb 2024 at 01:53 pm
COIN fees are brutal (see tiers below). However, the trade in question would have had to be 1 million or higher and executed as a market order instead of limit order in order to cost 6K...and that's if he had very little trade volume in the last 30 days.
I've been in HODL mode. But, when it's more rangy, I will often take some large almost can't miss day trades just to get to a better fee tier...then I'll start trading normally.
For people that really believe in the promise of BTC, the idea of someone else holding it for you in a dollar denominated ETF doesn't really work. Is it the best pyramid scheme in history? Absolutely, yes. But the other characteristics that make BTC attractive to people who are scared of fiat economies and central banks go out the window with the ETF's.
I'm aware of a Digital
Posted by steve on 15th of Feb 2024 at 02:02 pm
I'm aware of a Digital Bank company in the making with multiple govt's around the world - will be secured by hard assets and is the fastest platform in the world (faster than Visa/Mastercard). Will cost a fraction of these exorbitant fees - this will not work as a true currency for the vast population. Pocahontas won't allow in US as she's tied into the big banks but it's coming to several countries such as Thailand, Sri Lanka, Dubai, etc.
Gary Gensler's and Janet Yellen's
Posted by DigiNomad on 15th of Feb 2024 at 01:59 pm
Gary Gensler's and Janet Yellen's wet dreams would be for BTC assets to move into ETF's en masse and put pressure on the companies that offer investors the ability to hold their own keys. Game set match for the bitcoin dream if it plays out that way.