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

89 sats \ 27 replies \ @Undisciplined 17h \ parent \ on: BTC Investing: 1 million Sats or Fold(FLD) Stock? An analysis Stacker_Stocks

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 16h

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 16h

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 16h

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....

30 sats \ 1 reply \ @grayruby 15h

The Bitwise etf gives 10% to developers but they have proven to be big shitcoiners too. They are trying to file an XRP etf. So I have soured on them compared to when it first launched. I would probably buy FBTC if I was going to do it over because they self custody and don’t use Coinbase.

34 sats \ 0 replies \ @Satosora 15h

I think I have to go through fidelity, but I will be looking at their bitcoin etf very carefully. Reading all the fine print on the prospectus.

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20 sats \ 18 replies \ @Undisciplined 16h

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 16h

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.

50 sats \ 4 replies \ @Satosora 15h

I also worry that these 401k companies wont do well once people start to withdraw. What if the etfs dont manage their money well. Even worse....what if they are doing the paper bitcoin scam?

40 sats \ 3 replies \ @Undisciplined 15h

They're just brokers. They'll be making money as people withdraw. They don't have to manage money (fiat) for the ETF, beyond the transactions to buy and sell the bitcoin. Unless they're committing immense and blatant financial fraud (possible), the declared amount of bitcoin is held by a custodian and the number of shares is public knowledge.

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40 sats \ 2 replies \ @Undisciplined 15h

I have to compare that risk to the tax penalty of withdrawing early. I also suspect the financial service provider would be required to make us whole if the custodian rugged them, so that also has to go into the risk calculation.

13 sats \ 1 reply \ @grayruby 15h

Yes of course. Maybe Trump will confiscate all the custodians bitcoins for his strategic reserve. Then he can have “fun playing with your bitcoins”

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16 sats \ 8 replies \ @Satosora 16h

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.

60 sats \ 7 replies \ @Undisciplined 16h

I've never put more into mine than required for matching either.

I don't expect government 401k seizures, but I could easily imagine being required to hold a certain share of US Treasuries. That's as good as a seizure to them and it's easier to pitch politically.

42 sats \ 6 replies \ @Satosora 16h

You dont expect it, but at the rate they are making debt and printing money, Im sure it could happen.

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