reply on: What to do with GBTC? \ stacker news ~stocks

pull down to refresh

109 sats \ 10 replies \ @fm 11 Jan \ on: What to do with GBTC? stocks

bet all on paper bitcoin.. what can go wrong

DISCLAIMER: This in NOT financial advice :p

I'm not an American but to my understanding they are kinda screwed because you can't easily get the money out of these accounts like rothIRA, 401k etc. So it's either that or stocks/etfs/bonds

10 sats \ 0 replies \ @OriginalSize 14 Jan

It's not hard to get the money out but there are taxes and penalties so it may not make financial sense. The beauty of Bitcoin is it can exist outside this system and that may make the cost worth it.

109 sats \ 6 replies \ @orthwyrm 11 Jan

This is the correct take. Every single person on this forum knows that holding their own keys is preferable to the ETF. But most of us have capital that cannot be used to purchase BTC directly (pensions, tax sheltered accounts, blah blah). So what do you do with that capital?

Fact is that I'd waaaaaay prefer to hold one of the ETFs than anything else in trad-fi.

109 sats \ 5 replies \ @tomlaies 12 Jan

Well, most of you americans. In my country there is no such thing as a roth or 401k.

109 sats \ 4 replies \ @orthwyrm 12 Jan

lol yes I say this as a cuck from the UK, we don't get anything :[

0 sats \ 3 replies \ @Bell_curve 5 May

Too many socialist politicians and Muslim mayors

Koran prohibits banking and interest.

No wonder Islam relies on oil and banditry

129 sats \ 2 replies \ @orthwyrm 6 May

deleted by author

159 sats \ 1 reply \ @carlosfandango 6 May

I agree that rapid Islamification presents a significant challenge to the UK. But since of the 25 directly elected mayors I think 2 are Muslim…. I don’t think there’s any connection to reality OR Bitcoin policy.