比特币投资
比特币投资
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Caleb Franzen
Caleb Franzen
Crypto Newbie
12-14 01:56
Please be sure to… Avoid choosing income-oriented alternative investments. For example: 🟢 S&P 500 Index Fund $SPY 🔵 S&P 500 High Yield ETF $SPYI Total Return (including dividend yield and earnings): • $SPY +79% • $SPYI +59% Sacrificing 20 percentage points of performance for the sake of so-called "earnings". You'll find that regardless of which underlying asset you focus on, the returns are far lower than the underlying asset, making it extremely inefficient. Consider this: 🟢 Strategy Fund $MSTR 🔵 Strategy Options Return ETF $MSTY +147% vs. +90% (including "earnings"). Here's the situation with gold mining stocks: 🟢 $GDX +134% 🔵 $GDXY +65% Total return is only half, including GDXY's earnings. This is utterly embarrassing, a complete trap. Here's a comparison of the following stocks: 🟢 Alphabet $GOOGL 🔵 Alphabet Options Income $GOOY Similarly, the total return since inception is only half. Investors were promised returns. They did receive returns. But even with those returns, their performance was far below expectations. The same applies to another stock under Mag 7: 🟢 Meta $META 🔵 Meta Option Income $FBY Do you think this is a good deal? Even if you "need" this income? Ultimately, many Bitcoin investors were scammed. They thought, "Great, I can invest in Bitcoin and get returns!" Yes, they did get a directional asset. But look at the returns of this Bitcoin Yield ETF since its inception: 🟢 Bitcoin ETF $IBIT 🔵 Bitcoin Yield ETF $YBIT Meanwhile, ETF companies are making a fortune from these products because investors are completely unaware of the inefficiencies. They see high dividend yields and monthly payouts, only to find that their holdings underperform the market due to the high fees charged by ETFs. The $MSTY ETF alone manages $1.8 billion in assets (with a 1% fee rate), generating approximately $18 million in fee revenue annually for ETF providers.
Please be sure to…

Avoid choosing income-oriented alternative investments.

For example:

🟢 S&P 500 Index Fund $SPY

🔵 S&P 500 High Yield ETF $SPYI

Total Return (including dividend yield and earnings):

• $SPY +79%

• $SPYI +59%

Sacrificing 20 percentage points of performance for the sake of so-called "earnings".

You'll find that regardless of which underlying asset you focus on, the returns are far lower than the underlying asset, making it extremely inefficient.

Consider this:

🟢 Strategy Fund $MSTR

🔵 Strategy Options Return ETF $MSTY

+147% vs. +90% (including "earnings").

Here's the situation with gold mining stocks:

🟢 $GDX +134%

🔵 $GDXY +65%

Total return is only half, including GDXY's earnings.

This is utterly embarrassing, a complete trap.

Here's a comparison of the following stocks:

🟢 Alphabet $GOOGL

🔵 Alphabet Options Income $GOOY

Similarly, the total return since inception is only half.

Investors were promised returns.

They did receive returns.

But even with those returns, their performance was far below expectations.

The same applies to another stock under Mag 7:

🟢 Meta $META

🔵 Meta Option Income $FBY

Do you think this is a good deal?

Even if you "need" this income?

Ultimately, many Bitcoin investors were scammed.

They thought, "Great, I can invest in Bitcoin and get returns!"

Yes, they did get a directional asset.

But look at the returns of this Bitcoin Yield ETF since its inception:

🟢 Bitcoin ETF $IBIT

🔵 Bitcoin Yield ETF $YBIT

Meanwhile, ETF companies are making a fortune from these products because investors are completely unaware of the inefficiencies.

They see high dividend yields and monthly payouts, only to find that their holdings underperform the market due to the high fees charged by ETFs.

The $MSTY ETF alone manages $1.8 billion in assets (with a 1% fee rate), generating approximately $18 million in fee revenue annually for ETF providers.Please be sure to…

Avoid choosing income-oriented alternative investments.

For example:

🟢 S&P 500 Index Fund $SPY

🔵 S&P 500 High Yield ETF $SPYI

Total Return (including dividend yield and earnings):

• $SPY +79%

• $SPYI +59%

Sacrificing 20 percentage points of performance for the sake of so-called "earnings".

You'll find that regardless of which underlying asset you focus on, the returns are far lower than the underlying asset, making it extremely inefficient.

Consider this:

🟢 Strategy Fund $MSTR

🔵 Strategy Options Return ETF $MSTY

+147% vs. +90% (including "earnings").

Here's the situation with gold mining stocks:

🟢 $GDX +134%

🔵 $GDXY +65%

Total return is only half, including GDXY's earnings.

This is utterly embarrassing, a complete trap.

Here's a comparison of the following stocks:

🟢 Alphabet $GOOGL

🔵 Alphabet Options Income $GOOY

Similarly, the total return since inception is only half.

Investors were promised returns.

They did receive returns.

But even with those returns, their performance was far below expectations.

The same applies to another stock under Mag 7:

🟢 Meta $META

🔵 Meta Option Income $FBY

Do you think this is a good deal?

Even if you "need" this income?

Ultimately, many Bitcoin investors were scammed.

They thought, "Great, I can invest in Bitcoin and get returns!"

Yes, they did get a directional asset.

But look at the returns of this Bitcoin Yield ETF since its inception:

🟢 Bitcoin ETF $IBIT

🔵 Bitcoin Yield ETF $YBIT

Meanwhile, ETF companies are making a fortune from these products because investors are completely unaware of the inefficiencies.

They see high dividend yields and monthly payouts, only to find that their holdings underperform the market due to the high fees charged by ETFs.

The $MSTY ETF alone manages $1.8 billion in assets (with a 1% fee rate), generating approximately $18 million in fee revenue annually for ETF providers.Please be sure to…

Avoid choosing income-oriented alternative investments.

For example:

🟢 S&P 500 Index Fund $SPY

🔵 S&P 500 High Yield ETF $SPYI

Total Return (including dividend yield and earnings):

• $SPY +79%

• $SPYI +59%

Sacrificing 20 percentage points of performance for the sake of so-called "earnings".

You'll find that regardless of which underlying asset you focus on, the returns are far lower than the underlying asset, making it extremely inefficient.

Consider this:

🟢 Strategy Fund $MSTR

🔵 Strategy Options Return ETF $MSTY

+147% vs. +90% (including "earnings").

Here's the situation with gold mining stocks:

🟢 $GDX +134%

🔵 $GDXY +65%

Total return is only half, including GDXY's earnings.

This is utterly embarrassing, a complete trap.

Here's a comparison of the following stocks:

🟢 Alphabet $GOOGL

🔵 Alphabet Options Income $GOOY

Similarly, the total return since inception is only half.

Investors were promised returns.

They did receive returns.

But even with those returns, their performance was far below expectations.

The same applies to another stock under Mag 7:

🟢 Meta $META

🔵 Meta Option Income $FBY

Do you think this is a good deal?

Even if you "need" this income?

Ultimately, many Bitcoin investors were scammed.

They thought, "Great, I can invest in Bitcoin and get returns!"

Yes, they did get a directional asset.

But look at the returns of this Bitcoin Yield ETF since its inception:

🟢 Bitcoin ETF $IBIT

🔵 Bitcoin Yield ETF $YBIT

Meanwhile, ETF companies are making a fortune from these products because investors are completely unaware of the inefficiencies.

They see high dividend yields and monthly payouts, only to find that their holdings underperform the market due to the high fees charged by ETFs.

The $MSTY ETF alone manages $1.8 billion in assets (with a 1% fee rate), generating approximately $18 million in fee revenue annually for ETF providers.Please be sure to…

Avoid choosing income-oriented alternative investments.

For example:

🟢 S&P 500 Index Fund $SPY

🔵 S&P 500 High Yield ETF $SPYI

Total Return (including dividend yield and earnings):

• $SPY +79%

• $SPYI +59%

Sacrificing 20 percentage points of performance for the sake of so-called "earnings".

You'll find that regardless of which underlying asset you focus on, the returns are far lower than the underlying asset, making it extremely inefficient.

Consider this:

🟢 Strategy Fund $MSTR

🔵 Strategy Options Return ETF $MSTY

+147% vs. +90% (including "earnings").

Here's the situation with gold mining stocks:

🟢 $GDX +134%

🔵 $GDXY +65%

Total return is only half, including GDXY's earnings.

This is utterly embarrassing, a complete trap.

Here's a comparison of the following stocks:

🟢 Alphabet $GOOGL

🔵 Alphabet Options Income $GOOY

Similarly, the total return since inception is only half.

Investors were promised returns.

They did receive returns.

But even with those returns, their performance was far below expectations.

The same applies to another stock under Mag 7:

🟢 Meta $META

🔵 Meta Option Income $FBY

Do you think this is a good deal?

Even if you "need" this income?

Ultimately, many Bitcoin investors were scammed.

They thought, "Great, I can invest in Bitcoin and get returns!"

Yes, they did get a directional asset.

But look at the returns of this Bitcoin Yield ETF since its inception:

🟢 Bitcoin ETF $IBIT

🔵 Bitcoin Yield ETF $YBIT

Meanwhile, ETF companies are making a fortune from these products because investors are completely unaware of the inefficiencies.

They see high dividend yields and monthly payouts, only to find that their holdings underperform the market due to the high fees charged by ETFs.

The $MSTY ETF alone manages $1.8 billion in assets (with a 1% fee rate), generating approximately $18 million in fee revenue annually for ETF providers.Please be sure to…

Avoid choosing income-oriented alternative investments.

For example:

🟢 S&P 500 Index Fund $SPY

🔵 S&P 500 High Yield ETF $SPYI

Total Return (including dividend yield and earnings):

• $SPY +79%

• $SPYI +59%

Sacrificing 20 percentage points of performance for the sake of so-called "earnings".

You'll find that regardless of which underlying asset you focus on, the returns are far lower than the underlying asset, making it extremely inefficient.

Consider this:

🟢 Strategy Fund $MSTR

🔵 Strategy Options Return ETF $MSTY

+147% vs. +90% (including "earnings").

Here's the situation with gold mining stocks:

🟢 $GDX +134%

🔵 $GDXY +65%

Total return is only half, including GDXY's earnings.

This is utterly embarrassing, a complete trap.

Here's a comparison of the following stocks:

🟢 Alphabet $GOOGL

🔵 Alphabet Options Income $GOOY

Similarly, the total return since inception is only half.

Investors were promised returns.

They did receive returns.

But even with those returns, their performance was far below expectations.

The same applies to another stock under Mag 7:

🟢 Meta $META

🔵 Meta Option Income $FBY

Do you think this is a good deal?

Even if you "need" this income?

Ultimately, many Bitcoin investors were scammed.

They thought, "Great, I can invest in Bitcoin and get returns!"

Yes, they did get a directional asset.

But look at the returns of this Bitcoin Yield ETF since its inception:

🟢 Bitcoin ETF $IBIT

🔵 Bitcoin Yield ETF $YBIT

Meanwhile, ETF companies are making a fortune from these products because investors are completely unaware of the inefficiencies.

They see high dividend yields and monthly payouts, only to find that their holdings underperform the market due to the high fees charged by ETFs.

The $MSTY ETF alone manages $1.8 billion in assets (with a 1% fee rate), generating approximately $18 million in fee revenue annually for ETF providers.Please be sure to…

Avoid choosing income-oriented alternative investments.

For example:

🟢 S&P 500 Index Fund $SPY

🔵 S&P 500 High Yield ETF $SPYI

Total Return (including dividend yield and earnings):

• $SPY +79%

• $SPYI +59%

Sacrificing 20 percentage points of performance for the sake of so-called "earnings".

You'll find that regardless of which underlying asset you focus on, the returns are far lower than the underlying asset, making it extremely inefficient.

Consider this:

🟢 Strategy Fund $MSTR

🔵 Strategy Options Return ETF $MSTY

+147% vs. +90% (including "earnings").

Here's the situation with gold mining stocks:

🟢 $GDX +134%

🔵 $GDXY +65%

Total return is only half, including GDXY's earnings.

This is utterly embarrassing, a complete trap.

Here's a comparison of the following stocks:

🟢 Alphabet $GOOGL

🔵 Alphabet Options Income $GOOY

Similarly, the total return since inception is only half.

Investors were promised returns.

They did receive returns.

But even with those returns, their performance was far below expectations.

The same applies to another stock under Mag 7:

🟢 Meta $META

🔵 Meta Option Income $FBY

Do you think this is a good deal?

Even if you "need" this income?

Ultimately, many Bitcoin investors were scammed.

They thought, "Great, I can invest in Bitcoin and get returns!"

Yes, they did get a directional asset.

But look at the returns of this Bitcoin Yield ETF since its inception:

🟢 Bitcoin ETF $IBIT

🔵 Bitcoin Yield ETF $YBIT

Meanwhile, ETF companies are making a fortune from these products because investors are completely unaware of the inefficiencies.

They see high dividend yields and monthly payouts, only to find that their holdings underperform the market due to the high fees charged by ETFs.

The $MSTY ETF alone manages $1.8 billion in assets (with a 1% fee rate), generating approximately $18 million in fee revenue annually for ETF providers.
Anndy Lian
Anndy Lian
Crypto Newbie
12-09 10:55
Why MSTR Common Stock Isn't a Pure Bitcoin Investment Anndy Lian: The company likes to talk about "Bitcoin holdings per share," as if each share represents pure ownership of its growing Bitcoin reserves. But this is an illusion. In this context, does holding Bitcoin equate to holding stocks? No, Bitcoin and Strategy (MSTR) common stock are not the same, and that's the core conclusion. While Strategy holds a massive Bitcoin reserve (over 650,000 as of December 2025), common shareholders do not have direct or unlimited ownership of these Bitcoins. The company's current capital structure includes billions of dollars in senior liabilities, including debt, and more importantly, Bitcoin-backed preferred stock (such as STRC, STRD, STRK), which takes precedence over common stock in the value distribution order. Therefore: MSTR common stock represents a leveraged, subordinate ownership of Bitcoin, not a 1:1 direct ownership. The popular "Bitcoin holdings per share" metric is misleading because it ignores the equity of preferred shareholders. Common stockholders' economic exposure to Bitcoin is structurally diluted due to the need to provide repayment and collateral for preferred stock. In short: Holding MSTR common stock is not equivalent to holding Bitcoin. Holding common stock means holding the remaining share of a complex financial instrument containing Bitcoin after all repayments to preferred shareholders have been made.
Why MSTR Common Stock Isn't a Pure Bitcoin Investment

Anndy Lian: The company likes to talk about "Bitcoin holdings per share," as if each share represents pure ownership of its growing Bitcoin reserves. But this is an illusion.

In this context, does holding Bitcoin equate to holding stocks?

No, Bitcoin and Strategy (MSTR) common stock are not the same, and that's the core conclusion.

While Strategy holds a massive Bitcoin reserve (over 650,000 as of December 2025), common shareholders do not have direct or unlimited ownership of these Bitcoins.

The company's current capital structure includes billions of dollars in senior liabilities, including debt, and more importantly, Bitcoin-backed preferred stock (such as STRC, STRD, STRK), which takes precedence over common stock in the value distribution order.

Therefore:

MSTR common stock represents a leveraged, subordinate ownership of Bitcoin, not a 1:1 direct ownership.

The popular "Bitcoin holdings per share" metric is misleading because it ignores the equity of preferred shareholders.

Common stockholders' economic exposure to Bitcoin is structurally diluted due to the need to provide repayment and collateral for preferred stock.

In short: Holding MSTR common stock is not equivalent to holding Bitcoin. Holding common stock means holding the remaining share of a complex financial instrument containing Bitcoin after all repayments to preferred shareholders have been made.
TheCryptoBasic
TheCryptoBasic
Crypto Newbie
12-08 22:14
“Things without practical value are hard to sell,” a #XRP supporter responded to #Bitcoin investors’ concerns. #Ripple🧵🧵🧵 Bitcoin author Natalie Brunell shared a compelling summary of her weekend conversation with investors, much to the delight of XRP supporters. Her summary outlined numerous concerns surrounding Bitcoin, the world’s largest cryptocurrency. Many expressed regret for missing out on buying when Bitcoin’s price was lower, such as around $800. In contrast, others expressed concerns about Bitcoin’s dependence on electricity, the recoverability of lost keys, and long-standing misconceptions about Bitcoin’s origins. Furthermore, some were skeptical about Bitcoin potentially reaching $1 million. They considered it “just a 10x return” and complained that they preferred assets that could deliver 100x returns. Others stated they preferred traditional assets like real estate due to tax advantages such as Section 1031 tax benefits. Some people said they gave up on investing because brokers advised against it. But one comment on Brunel's post stood out: some investors simply said, "I like XRP." In summarizing her reflections, Brunel quoted a well-known saying in the cryptocurrency world: "We're still in the early stages." This suggests a significant knowledge gap still exists within the investor community. Meanwhile, Zach Rector, a prominent figure in the XRP community, responded to Brunel's post with a slightly sarcastic remark: "Things without utility are hard to sell." His comment suggests that skepticism towards Bitcoin stems from its perceived lack of utility. He echoes a long-held view within the XRP community that practical applications in areas such as payments, liquidity solutions, and financial infrastructure will drive the adoption of digital assets. For many XRP supporters, the investor reactions Brunel mentioned explain why XRP continues to attract attention even amidst the Bitcoin hype. It has a price advantage over Bitcoin. Meanwhile, industry leaders such as Coinbase CEO Brian Armstrong stated that the entry price of Bitcoin is not important, and holding full Bitcoin is not a prerequisite for participation. Others also commented on Brunell's post. Noble Investing pointed out that skepticism about the future returns of assets is nothing new. He stated that people have had similar doubts about real estate for years. However, real estate has ultimately become one of the most effective tools for generations to accumulate wealth. Bloomberg analyst Eric Balchunas commented on the claim that Bitcoin reaching $1 million is only a 10x increase. He believes that those who make such claims are "living in a fantasy world." Brunell responded that wealthy investors typically seek to preserve and grow their wealth, avoiding high volatility. Meanwhile, those pursuing wealth are looking for the kind of 1000x returns enjoyed by early Bitcoin investors—which is precisely why they are skeptical. Ultimately, Brunell's post and the resulting reactions demonstrate that many investors are still judging Bitcoin with outdated concepts. Meanwhile, within the XRP community, many believe that the next phase of cryptocurrency growth will depend on its real-world utility, rather than its promotion as a store of value. Nevertheless, the discussion still confirms that Bitcoin remains the leading crypto asset.
“Things without practical value are hard to sell,” a #XRP supporter responded to #Bitcoin investors’ concerns. #Ripple🧵🧵🧵

Bitcoin author Natalie Brunell shared a compelling summary of her weekend conversation with investors, much to the delight of XRP supporters.

Her summary outlined numerous concerns surrounding Bitcoin, the world’s largest cryptocurrency. Many expressed regret for missing out on buying when Bitcoin’s price was lower, such as around $800.

In contrast, others expressed concerns about Bitcoin’s dependence on electricity, the recoverability of lost keys, and long-standing misconceptions about Bitcoin’s origins.

Furthermore, some were skeptical about Bitcoin potentially reaching $1 million. They considered it “just a 10x return” and complained that they preferred assets that could deliver 100x returns.

Others stated they preferred traditional assets like real estate due to tax advantages such as Section 1031 tax benefits.

Some people said they gave up on investing because brokers advised against it. But one comment on Brunel's post stood out: some investors simply said, "I like XRP."

In summarizing her reflections, Brunel quoted a well-known saying in the cryptocurrency world: "We're still in the early stages." This suggests a significant knowledge gap still exists within the investor community.

Meanwhile, Zach Rector, a prominent figure in the XRP community, responded to Brunel's post with a slightly sarcastic remark: "Things without utility are hard to sell."

His comment suggests that skepticism towards Bitcoin stems from its perceived lack of utility. He echoes a long-held view within the XRP community that practical applications in areas such as payments, liquidity solutions, and financial infrastructure will drive the adoption of digital assets.

For many XRP supporters, the investor reactions Brunel mentioned explain why XRP continues to attract attention even amidst the Bitcoin hype. It has a price advantage over Bitcoin.

Meanwhile, industry leaders such as Coinbase CEO Brian Armstrong stated that the entry price of Bitcoin is not important, and holding full Bitcoin is not a prerequisite for participation.

Others also commented on Brunell's post. Noble Investing pointed out that skepticism about the future returns of assets is nothing new. He stated that people have had similar doubts about real estate for years. However, real estate has ultimately become one of the most effective tools for generations to accumulate wealth.

Bloomberg analyst Eric Balchunas commented on the claim that Bitcoin reaching $1 million is only a 10x increase. He believes that those who make such claims are "living in a fantasy world."

Brunell responded that wealthy investors typically seek to preserve and grow their wealth, avoiding high volatility. Meanwhile, those pursuing wealth are looking for the kind of 1000x returns enjoyed by early Bitcoin investors—which is precisely why they are skeptical.

Ultimately, Brunell's post and the resulting reactions demonstrate that many investors are still judging Bitcoin with outdated concepts. Meanwhile, within the XRP community, many believe that the next phase of cryptocurrency growth will depend on its real-world utility, rather than its promotion as a store of value.

Nevertheless, the discussion still confirms that Bitcoin remains the leading crypto asset.