r/Bitcoin: considering selling self-custodied BTC for a spot ETF
reddit-self-custody-to-etf
https://www.reddit.com/r/Bitcoin/comments/1ve1fai/is_anyone_considering_selling_their_own_btc_for_a/
Latest reviewed change
source content difference between and
The thread gained a short reply questioning the point of selling self-custodied bitcoin for a spot ETF.
edited: false
body:
Absolutely not
+
+comment: p2mdc0g
+parent: t1_p1slni0
+author: Glass_Emu_5104
+created_utc: 1786270870
First lines only. The complete diff is in the timeline below.
- Organisation
- Evidence role
- Community discussion
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- Source changes
- 7
- Detected differences
- 7
- Unreviewed
- 0
- Copies held
- 8
Every check is recorded, including checks that found no text change. A detected edit is therefore bounded between two checks. The publisher's exact save time is not observable from this record. Last checked .
This post is held twice: here, with this project's own note on why it matters, and again as part of the conversation captured at , which is polled for changes. Both copies are the same post; neither is a separate event.
Snapshot and diff bodies for this chain monitor are held in the local evidence archive but withheld from the public site because they can contain the addresses of people who published nothing themselves. Capture times and reviewed change summaries remain available below.
Held captures
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The thread gained a short reply questioning the point of selling self-custodied bitcoin for a spot ETF.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 8 lines
edited: false body: Absolutely not + +comment: p2mdc0g +parent: t1_p1slni0 +author: Glass_Emu_5104 +created_utc: 1786270870 +edited: false +body: +... what's the point of that?Extracted text as captured
post: 1ve1fai author: Digital-Purpose created_utc: 1785725800 title: Is anyone considering selling their own BTC for a BTC spot ETF? body: I understand the 1,000 or so stolen coins from Coldcard wallets is a drop in the bucket and lots of people are saying it’s being overblown or whatever. I just can’t seem to get it out of my head that the victims did absolutely nothing wrong. Next thought is obviously, “are my sats safe?” (using one of the current cold storage giants) For someone like me, who is the farthest thing from a blockchain expert I wonder if it’s even worth the 1 in 1 million chance at this point. Yes, I believe in self custody. I’ve read The Bitcoin Standard. I like the idea of changing the financial system for the better. What I don’t want to do is worry about a significant percentage of my small net worth being drained by a technology I don’t even fully understand.. I don’t want to have to jump through hoops in a world I don’t feel fully comfortable with if there is an alternative.. As much as I believe in self custody, I mainly invest in Bitcoin because I believe the value will increase.. I already own shares of IBIT in a Roth IRA. Why not just sell my sats and reinvest the money into shares of IBIT in my taxable brokerage? Looking for real answers here. I know this community can get passionate and I get that. I’m just an average Joe here looking for how other average Joe’s are feeling, as well as some input from the experts! Sorry if my thoughts aren’t totally organized.. comment: p1dknbh parent: t3_1ve1fai author: Suitable_Acadia_190 created_utc: 1785726183 edited: false body: 100% not a chance comment: p1dkr3x parent: t3_1ve1fai author: papichuloya created_utc: 1785726224 edited: false body: Yes. Ibit follows btc price. And is insured on brokerage comment: p1dkyp1Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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A comment by DonTheHolder arguing for ETFs and custodians over self-custody was removed and the author now shows as [deleted].
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 8 lines
comment: p1dl6os parent: t3_1ve1fai -author: DonTheHolder +author: [deleted] created_utc: 1785726389 edited: false body: -Already done - -They are broken and broke. They trusted their bag with a hardware wallet creator instead of security professionals and other safety factors and switches that come into play that are secured with stocks as ETFS and CEX COINBASES. - -You're not nerd enough to protect your coin. Let a professional company manage them properly. +[removed] comment: p1dl82p parent: t3_1ve1faiExtracted text as captured
post: 1ve1fai author: Digital-Purpose created_utc: 1785725800 title: Is anyone considering selling their own BTC for a BTC spot ETF? body: I understand the 1,000 or so stolen coins from Coldcard wallets is a drop in the bucket and lots of people are saying it’s being overblown or whatever. I just can’t seem to get it out of my head that the victims did absolutely nothing wrong. Next thought is obviously, “are my sats safe?” (using one of the current cold storage giants) For someone like me, who is the farthest thing from a blockchain expert I wonder if it’s even worth the 1 in 1 million chance at this point. Yes, I believe in self custody. I’ve read The Bitcoin Standard. I like the idea of changing the financial system for the better. What I don’t want to do is worry about a significant percentage of my small net worth being drained by a technology I don’t even fully understand.. I don’t want to have to jump through hoops in a world I don’t feel fully comfortable with if there is an alternative.. As much as I believe in self custody, I mainly invest in Bitcoin because I believe the value will increase.. I already own shares of IBIT in a Roth IRA. Why not just sell my sats and reinvest the money into shares of IBIT in my taxable brokerage? Looking for real answers here. I know this community can get passionate and I get that. I’m just an average Joe here looking for how other average Joe’s are feeling, as well as some input from the experts! Sorry if my thoughts aren’t totally organized.. comment: p1dknbh parent: t3_1ve1fai author: Suitable_Acadia_190 created_utc: 1785726183 edited: false body: 100% not a chance comment: p1dkr3x parent: t3_1ve1fai author: papichuloya created_utc: 1785726224 edited: false body: Yes. Ibit follows btc price. And is insured on brokerage comment: p1dkyp1Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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The thread gained a reported personal gold loss and a brief response rejecting the proposal.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 16 lines
It's there/built, if the world ends and I need it. +comment: p1scqg1 +parent: t3_1ve1fai +author: Maximum_Stretch1465 +created_utc: 1785901504 +edited: false +body: +I lost some gold also. Very little but how when all my settings where for immediate verification + comment: p1slni0 parent: t1_p1fu8s9 author: More-Translator9074 edited: false body: Why? + +comment: p1vti63 +parent: t3_1ve1fai +author: Nervous-Fox-7103 +created_utc: 1785947014 +edited: false +body: +Absolutely notExtracted text as captured
post: 1ve1fai author: Digital-Purpose created_utc: 1785725800 title: Is anyone considering selling their own BTC for a BTC spot ETF? body: I understand the 1,000 or so stolen coins from Coldcard wallets is a drop in the bucket and lots of people are saying it’s being overblown or whatever. I just can’t seem to get it out of my head that the victims did absolutely nothing wrong. Next thought is obviously, “are my sats safe?” (using one of the current cold storage giants) For someone like me, who is the farthest thing from a blockchain expert I wonder if it’s even worth the 1 in 1 million chance at this point. Yes, I believe in self custody. I’ve read The Bitcoin Standard. I like the idea of changing the financial system for the better. What I don’t want to do is worry about a significant percentage of my small net worth being drained by a technology I don’t even fully understand.. I don’t want to have to jump through hoops in a world I don’t feel fully comfortable with if there is an alternative.. As much as I believe in self custody, I mainly invest in Bitcoin because I believe the value will increase.. I already own shares of IBIT in a Roth IRA. Why not just sell my sats and reinvest the money into shares of IBIT in my taxable brokerage? Looking for real answers here. I know this community can get passionate and I get that. I’m just an average Joe here looking for how other average Joe’s are feeling, as well as some input from the experts! Sorry if my thoughts aren’t totally organized.. comment: p1dknbh parent: t3_1ve1fai author: Suitable_Acadia_190 created_utc: 1785726183 edited: false body: 100% not a chance comment: p1dkr3x parent: t3_1ve1fai author: papichuloya created_utc: 1785726224 edited: false body: Yes. Ibit follows btc price. And is insured on brokerage comment: p1dkyp1Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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The thread gained two short comments, one asking why an IRA is considered a scam and another asking why.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 16 lines
edited: false body: Boycott MSTR + +comment: p1tsplr +parent: t1_p1slni0 +author: Safe-Assist-9866 +created_utc: 1785925268 +edited: false +body: +What makes an IRA a scam? Honest question. Mine is a Roth. + +comment: p1uodq6 +parent: t1_p1slovu +author: Own_Display_8154 +created_utc: 1785936328 +edited: false +body: +Why?Extracted text as captured
post: 1ve1fai author: Digital-Purpose created_utc: 1785725800 title: Is anyone considering selling their own BTC for a BTC spot ETF? body: I understand the 1,000 or so stolen coins from Coldcard wallets is a drop in the bucket and lots of people are saying it’s being overblown or whatever. I just can’t seem to get it out of my head that the victims did absolutely nothing wrong. Next thought is obviously, “are my sats safe?” (using one of the current cold storage giants) For someone like me, who is the farthest thing from a blockchain expert I wonder if it’s even worth the 1 in 1 million chance at this point. Yes, I believe in self custody. I’ve read The Bitcoin Standard. I like the idea of changing the financial system for the better. What I don’t want to do is worry about a significant percentage of my small net worth being drained by a technology I don’t even fully understand.. I don’t want to have to jump through hoops in a world I don’t feel fully comfortable with if there is an alternative.. As much as I believe in self custody, I mainly invest in Bitcoin because I believe the value will increase.. I already own shares of IBIT in a Roth IRA. Why not just sell my sats and reinvest the money into shares of IBIT in my taxable brokerage? Looking for real answers here. I know this community can get passionate and I get that. I’m just an average Joe here looking for how other average Joe’s are feeling, as well as some input from the experts! Sorry if my thoughts aren’t totally organized.. comment: p1dknbh parent: t3_1ve1fai author: Suitable_Acadia_190 created_utc: 1785726183 edited: false body: 100% not a chance comment: p1dkr3x parent: t3_1ve1fai author: papichuloya created_utc: 1785726224 edited: false body: Yes. Ibit follows btc price. And is insured on brokerage comment: p1dkyp1Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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The thread gained comments advocating a taxable brokerage account and calling for a boycott of MSTR.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 16 lines
It's there/built, if the world ends and I need it. + +comment: p1slni0 +parent: t1_p1fu8s9 +author: More-Translator9074 +created_utc: 1785905065 +edited: false +body: +Or a regular taxable brokerage where you never sell and just hold forever (BBD strategy). IRAs are a massive scam + +comment: p1slovu +parent: t1_p1dsz8y +author: More-Translator9074 +created_utc: 1785905081 +edited: false +body: +Boycott MSTRExtracted text as captured
post: 1ve1fai author: Digital-Purpose created_utc: 1785725800 title: Is anyone considering selling their own BTC for a BTC spot ETF? body: I understand the 1,000 or so stolen coins from Coldcard wallets is a drop in the bucket and lots of people are saying it’s being overblown or whatever. I just can’t seem to get it out of my head that the victims did absolutely nothing wrong. Next thought is obviously, “are my sats safe?” (using one of the current cold storage giants) For someone like me, who is the farthest thing from a blockchain expert I wonder if it’s even worth the 1 in 1 million chance at this point. Yes, I believe in self custody. I’ve read The Bitcoin Standard. I like the idea of changing the financial system for the better. What I don’t want to do is worry about a significant percentage of my small net worth being drained by a technology I don’t even fully understand.. I don’t want to have to jump through hoops in a world I don’t feel fully comfortable with if there is an alternative.. As much as I believe in self custody, I mainly invest in Bitcoin because I believe the value will increase.. I already own shares of IBIT in a Roth IRA. Why not just sell my sats and reinvest the money into shares of IBIT in my taxable brokerage? Looking for real answers here. I know this community can get passionate and I get that. I’m just an average Joe here looking for how other average Joe’s are feeling, as well as some input from the experts! Sorry if my thoughts aren’t totally organized.. comment: p1dknbh parent: t3_1ve1fai author: Suitable_Acadia_190 created_utc: 1785726183 edited: false body: 100% not a chance comment: p1dkr3x parent: t3_1ve1fai author: papichuloya created_utc: 1785726224 edited: false body: Yes. Ibit follows btc price. And is insured on brokerage comment: p1dkyp1Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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The Reddit thread gained a comment advocating diversification across ETFs, a small cold-wallet balance and an exchange balance.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 21 lines
> I will know my BTC is secure. But will its value be secure? If everyone is too afraid to hold Bitcoin themselves, then what value does it even hold? It's not decentralized money anymore. + +comment: p1o4m81 +parent: t3_1ve1fai +author: Zestyclose_Ad2462 +created_utc: 1785858077 +edited: false +body: +My heart goes out to all those affected by this. They did NOTHING wrong, everything they were supposed to and still.... got vaporized. + +One thing missing here is this: Many of these youtube "influencers" have been pushing to invest in BTC and ONLY BTC, self-custody/cold wallets and get off exchanges. If you questioned that, you were shut down with the "not your keys, not your coins" argument. Going to need a new slogan after this. + +I am new to BTC and still believe in BTC, but never would I put all my eggs in one basket. Chose multiple ETF's using different custodians, then setup a cold wallet and funded it with a tiny, tiny amount. In addition to that I use a 4th exchange to keep a very small sum on. + +My reasoning: Blackrock, etc. employs cyber-security experts far more knowledgeable than I. The tiny expense ratio is money well spent IMO, unless you're some cyber-whiz. And no, it's not insured by FDIC/SPIC. But at least there's a chance Fidelity or whoever would make people whole, if they dropped the ball. That and the Fed can always print more $ to give to custodians/big banks (remember the great recession?) to reimburse people. Still, you can and should have low-cost index funds, gold, REIT's etc. + +Good rule to live by: No more than 10% in any one investment! + +And self-custody? + +It's there/built, if the world ends and I need it. +Extracted text as captured
post: 1ve1fai author: Digital-Purpose created_utc: 1785725800 title: Is anyone considering selling their own BTC for a BTC spot ETF? body: I understand the 1,000 or so stolen coins from Coldcard wallets is a drop in the bucket and lots of people are saying it’s being overblown or whatever. I just can’t seem to get it out of my head that the victims did absolutely nothing wrong. Next thought is obviously, “are my sats safe?” (using one of the current cold storage giants) For someone like me, who is the farthest thing from a blockchain expert I wonder if it’s even worth the 1 in 1 million chance at this point. Yes, I believe in self custody. I’ve read The Bitcoin Standard. I like the idea of changing the financial system for the better. What I don’t want to do is worry about a significant percentage of my small net worth being drained by a technology I don’t even fully understand.. I don’t want to have to jump through hoops in a world I don’t feel fully comfortable with if there is an alternative.. As much as I believe in self custody, I mainly invest in Bitcoin because I believe the value will increase.. I already own shares of IBIT in a Roth IRA. Why not just sell my sats and reinvest the money into shares of IBIT in my taxable brokerage? Looking for real answers here. I know this community can get passionate and I get that. I’m just an average Joe here looking for how other average Joe’s are feeling, as well as some input from the experts! Sorry if my thoughts aren’t totally organized.. comment: p1dknbh parent: t3_1ve1fai author: Suitable_Acadia_190 created_utc: 1785726183 edited: false body: 100% not a chance comment: p1dkr3x parent: t3_1ve1fai author: papichuloya created_utc: 1785726224 edited: false body: Yes. Ibit follows btc price. And is insured on brokerage comment: p1dkyp1Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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The Reddit thread gained a comment arguing that universal ETF use would weaken Bitcoin's decentralization.
Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 10 lines
body: True indeed. Those who bought pre covid are trapped lol. +comment: p1l7khc +parent: t3_1ve1fai +author: Zaytion_ +created_utc: 1785818207 +edited: false +body: +If the technology of Bitcoin is too unsafe for people to use, then the thesis is gone right? Why own it at that point? Just sell your Bitcoin and go buy some physical gold or something. + +If everyone just buys the ETF, you don't have a decentralized currency of the future. + comment: p1l7ryc parent: t1_p1do8mg author: Zaytion_Extracted text as captured
post: 1ve1fai author: Digital-Purpose created_utc: 1785725800 title: Is anyone considering selling their own BTC for a BTC spot ETF? body: I understand the 1,000 or so stolen coins from Coldcard wallets is a drop in the bucket and lots of people are saying it’s being overblown or whatever. I just can’t seem to get it out of my head that the victims did absolutely nothing wrong. Next thought is obviously, “are my sats safe?” (using one of the current cold storage giants) For someone like me, who is the farthest thing from a blockchain expert I wonder if it’s even worth the 1 in 1 million chance at this point. Yes, I believe in self custody. I’ve read The Bitcoin Standard. I like the idea of changing the financial system for the better. What I don’t want to do is worry about a significant percentage of my small net worth being drained by a technology I don’t even fully understand.. I don’t want to have to jump through hoops in a world I don’t feel fully comfortable with if there is an alternative.. As much as I believe in self custody, I mainly invest in Bitcoin because I believe the value will increase.. I already own shares of IBIT in a Roth IRA. Why not just sell my sats and reinvest the money into shares of IBIT in my taxable brokerage? Looking for real answers here. I know this community can get passionate and I get that. I’m just an average Joe here looking for how other average Joe’s are feeling, as well as some input from the experts! Sorry if my thoughts aren’t totally organized.. comment: p1dknbh parent: t3_1ve1fai author: Suitable_Acadia_190 created_utc: 1785726183 edited: false body: 100% not a chance comment: p1dkr3x parent: t3_1ve1fai author: papichuloya created_utc: 1785726224 edited: false body: Yes. Ibit follows btc price. And is insured on brokerage comment: p1dkyp1Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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Recovered from the Internet Archive rather than captured by this project. The row records that third-party provenance separately from captures made by this project.
What changed from the previous capture 0 lines
Extracted text as captured
post: 1ve1fai author: Digital-Purpose created_utc: 1785725800 title: Is anyone considering selling their own BTC for a BTC spot ETF? body: I understand the 1,000 or so stolen coins from Coldcard wallets is a drop in the bucket and lots of people are saying it’s being overblown or whatever. I just can’t seem to get it out of my head that the victims did absolutely nothing wrong. Next thought is obviously, “are my sats safe?” (using one of the current cold storage giants) For someone like me, who is the farthest thing from a blockchain expert I wonder if it’s even worth the 1 in 1 million chance at this point. Yes, I believe in self custody. I’ve read The Bitcoin Standard. I like the idea of changing the financial system for the better. What I don’t want to do is worry about a significant percentage of my small net worth being drained by a technology I don’t even fully understand.. I don’t want to have to jump through hoops in a world I don’t feel fully comfortable with if there is an alternative.. As much as I believe in self custody, I mainly invest in Bitcoin because I believe the value will increase.. I already own shares of IBIT in a Roth IRA. Why not just sell my sats and reinvest the money into shares of IBIT in my taxable brokerage? Looking for real answers here. I know this community can get passionate and I get that. I’m just an average Joe here looking for how other average Joe’s are feeling, as well as some input from the experts! Sorry if my thoughts aren’t totally organized.. comment: p1dknbh parent: t3_1ve1fai author: Suitable_Acadia_190 created_utc: 1785726183 edited: false body: 100% not a chance comment: p1dkr3x parent: t3_1ve1fai author: papichuloya created_utc: 1785726224 edited: false body: Yes. Ibit follows btc price. And is insured on brokerage comment: p1dkyp1Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.
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