Robert Kiyosaki Cautions Against Bitcoin ETFs - page 2.

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

Quote from: Assiduous on June 30, 2024, 12:46:10 PM

Most people invest in Bitcoin already Financially successful. Seeing their success, many have decided to invest. But as a new investor, be careful in (ETF) investing. Robert Kiyosaki warns against investing in Bitcoin exchange-traded funds (ETFs). He prefers to invest in real bitcoins, calling bitcoin ETFs fake bitcoins.Last Thursday, Kiyosaki explained on social media platform X why he doesn't invest in bitcoin ETFs, saying he avoids them "for the same reason" he doesn't buy gold or silver ETFs.

This is not the first when someone used similar kinds of words for ETF but as people want to use it, no one can stop them actually it brings relief for the investors as they can enjoy security under others. Even though most of the Bitcoiners are here to support the narrative, not your key, not your funds, investors don't care about such things all they need is good returns. Now whether its just figures of real-time assets.

348Judah

hero member

Activity: 714

Merit: 521

Quote from: Assiduous on June 30, 2024, 12:46:10 PM

Most people invest in Bitcoin already Financially successful. Seeing their success, many have decided to invest. But as a new investor, be careful in (ETF) investing. Robert Kiyosaki warns against investing in Bitcoin exchange-traded funds (ETFs). He prefers to invest in real bitcoins, calling bitcoin ETFs fake bitcoins.Last Thursday, Kiyosaki explained on social media platform X why he doesn't invest in bitcoin ETFs, saying he avoids them "for the same reason" he doesn't buy gold or silver ETFs.

Bitcoin ETF is not bitcoin investment, there is difference, ETF is a centralized investment on organizational bonds and shares and this is totally outside the bitcoin network because it have to do with fiats and centralized institutions and organizations, while bitcoin is a cryptocurrency and is being decentralized, secondly on what we should know about the ETF of a thing is that they have to rely only on bitcoin price for their market price on what they offers to their clients, we shouldn't take it same as bitcoin investment, because you're not directly having the bitcoin.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Assiduous on June 30, 2024, 12:46:10 PM

Most people invest in Bitcoin already Financially successful. Seeing their success, many have decided to invest. But as a new investor, be careful in (ETF) investing. Robert Kiyosaki warns against investing in Bitcoin exchange-traded funds (ETFs). He prefers to invest in real bitcoins, calling bitcoin ETFs fake bitcoins.Last Thursday, Kiyosaki explained on social media platform X why he doesn't invest in bitcoin ETFs, saying he avoids them "for the same reason" he doesn't buy gold or silver ETFs.

This is common sense but at the end there is nothing for us to do, for years there was a struggle to get ETFs approved, so it is kind of nonsensical for all of those that waited for their approval to ignore them now, so if a person wants to use them they are free to do it, I just hope they understand the underlying risks they are taking, and they do not come to regret their decision to not invest in bitcoin directly like most of us have done for years.

Z-tight

hero member

Activity: 854

Merit: 1031

Only BTC

Institutional investors would buy BTC through spot etf's, even if we tell them that they are not buying BTC in the right way, and the only way to truly own BTC is if you have your own keys, because not your keys, is not your coins. I would not buy BTC through spot etf's, but if people find it suitable to do, then each to their own, people even do worse things, like storing their coins in centralized exchanges, i know it is similar to buying BTC through etf's, but i think it is worst.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Obviously not paying a management fee is better than paying a management fee. That is unless you mismanage your Bitcoin. While he has some good points, the ETFs also have advantages. I myself even own some in a retirement account for tax free gains. They serve a purpose, whether or not Rob wants to admit it.

mindrust

legendary

Activity: 3276

Merit: 2442

It makes no difference if he or other people ignore the ETF's completely. There are many people who won't. It is because these products are already out. There will always some people who will be using these ETF's. Even if most people ignore them, the issuer of the ETF's will be buying their own shares to manipulate the markets. That's how Goldman has been doing it on gold/silver for decades.

Robert says don't touch the ETF's. Alright fine. I am not doing it. Will it change a thing? No it won't. Then why even care?

Sometimes I think he is saying stuff just for the sake of saying it. It seems to me he only wants to get interaction from people.

Hazink

member

Activity: 65

Merit: 23

Investors who chose to invest in a bitcoin ETF are those who like doing things by the book and also fall under the category of those who don't want to take care of their own fund security; rather, they want another person to be responsible for their holding security.

What Robert Kiyosaki means by saying those ETF Bitcoins are fake is not that they are scams, but he is just trying to warn the new investors that they actually don't own any real Bitcoin in reality. They pay for Bitcoin, and they get their asset fund manager to add the value they purchased to their asset dashboard; in reality, they are just figures that can be deleted and re-added.

If it's not your key, it's actually not your coin. You can't decide where to send it, when to withdraw it, or when not to. You need permission before you can do anything with your ETF holdings, which is entirely against the true purpose of bitcoin.

Anyone who truly wants to own a bitcoin should just go to the market, buy the one you can afford, move it to a self-custodial wallet, and be in full control of those holdings. Only then can you be very sure that you own bitcoin and that you are fully in charge of those holdings.

Assiduous

newbie

Activity: 11

Merit: 3

Most people invest in Bitcoin already Financially successful. Seeing their success, many have decided to invest. But as a new investor, be careful in (ETF) investing. Robert Kiyosaki warns against investing in Bitcoin exchange-traded funds (ETFs). He prefers to invest in real bitcoins, calling bitcoin ETFs fake bitcoins.Last Thursday, Kiyosaki explained on social media platform X why he doesn't invest in bitcoin ETFs, saying he avoids them "for the same reason" he doesn't buy gold or silver ETFs.

Topic: Robert Kiyosaki Cautions Against Bitcoin ETFs - page 2. (Read 236 times)