reply on: BTC Investing: 1 million Sats or Fold(FLD) Stock? An analysis \ stacker news ~Stacker

40 sats \ 29 replies \ @Undisciplined 19h \ parent \ on: BTC Investing: 1 million Sats or Fold(FLD) Stock? An analysis Stacker_Stocks

Did you have access to a BTC ETF?

118 sats \ 28 replies \ @grayruby 17h

Yes. We have had bitcoin ETFs in Canada for a few years now. I own the Canadian etf btcc and I own some of the Bitwise US etf (because they donate 10% of proceeds to developers).

89 sats \ 27 replies \ @Undisciplined 17h

So far, I haven't wanted to sell any of my ETF shares for FLD or MSTR, but I'm actively considering it. I would definitely only take out a small position in either.

109 sats \ 26 replies \ @grayruby 17h

MSTR is overvalued in my opinion. I don’t want to pay 250k for MSTR’s bitcoin. I get the argument they should trade at a premium because of the leverage and way they can exploit the debt markets but not 2.8x.

40 sats \ 25 replies \ @Undisciplined 17h

I'm happy to wait for MSTR to dip. I'm also happy enough not owning any.

50 sats \ 24 replies \ @grayruby 17h

I would rather own it in a bear market where everyone thinks they will get liquidated and have to sell all their bitcoin. Then you can sell it when the bull starts and people think it’s going to be the biggest company in the world.

55 sats \ 23 replies \ @Satosora 15h

You both have a lot of faith in the 401k program and stocks. I also have a 401k, but I dont know if it will really be worth anything by the time I take out of it, because every country is making fiat worthless.

39 sats \ 3 replies \ @grayruby 15h

I have very little faith. I have retirement account that I had many years ago from a corporate job. I pulled it out of the stupid mutual fund manager they had it with and now self direct it but I can’t hold bitcoin in it. There is a tax advantage to me keeping it and if I withdraw it, I pay a huge tax penalty so it’s not worth it.

My real retirement account is Bitcoin.

54 sats \ 2 replies \ @Satosora 15h

Same here. I wanted to take it out, but they would take a huge amount in taxes. Which etf did you say helped fund the bitcoiners? I actually have to decide if it is worth going the 401k or roth401k....

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20 sats \ 18 replies \ @Undisciplined 15h

I don't know if "faith" is the right word. I have a retirement account from a previous job and the Bitcoin ETF is the closest thing in it to Bitcoin. The ETFs only hold Bitcoin (or really, a third party holds it for them), so I don't know why fiat collapsing would wipe out any value.

46 sats \ 8 replies \ @grayruby 15h

The custodians could go bust or rug you. It’s not without risk but it’s a reasonable option based on the framework you need to work in.

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16 sats \ 8 replies \ @Satosora 15h

I put in enough to get the company match. I will also be putting it into bitcoin through an etf. But I save with the rest of my paycheck for the future. I wouldnt be surprised if the government seizes our 401ks in the future.

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