Retirement accounts
2180 sats \ 11 comments \ @Darkbulb 11 Jun 2023 bitcoin
This topic had been beaten to death, but let's try to get an update.
What are you doing with your retirement accounts? 401k, 403b, IRA, ISA, Roth...
I have significant holdings of equities that I'm considering dumping all for bitcoin.
This would make me and my family 100% balls deep, all in bitcoin. Obviously it's hard to stomach this type of risk.
Maybe it's just the bear market blues. What's your plans, anon? Hodl S&P500, Hodl stocks at all, gold coins, silver bullion, bitcoin, real estate, guns and ammo?
P.s. I have no faith in being able to withdraw from the U.S. social security system or Medicare
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20 sats \ 0 replies \ @nymkappa_ 11 Jun 2023
All fiat denominated assets are going to zero in purchasing power and vs bitcoin (Moscow time). Long term, you won't beat the real inflation with any of your investment. So diversification does not make any sense, everything is in the same basket (the fiat basket).
What "this type of risk" about bitcoin you're referring to?
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20 sats \ 0 replies \ @021da48107 11 Jun 2023
As much as I love Bitcoin I think it's still smart to diversify. I follow Golden Butterfly portfolio for all my retirement accounts. Then I DCA into a Bitcoin, outside of retirement.
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20 sats \ 0 replies \ @nicosey 11 Jun 2023
Buy Microstrategy?
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20 sats \ 0 replies \ @Futru 11 Jun 2023
You can roll over your 401Ks into choice or unchained and they each have a hold your own key option.
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20 sats \ 0 replies \ @siggy47 11 Jun 2023
I'd say it depends on how old you are, your family situation, and how secure your fiat mining gig is right now. It would be easy to say "put it all into bitcoin when the markets open tomorrow", but nobody has a crystal ball foretelling when bitcoin adoption happens. Bitcoin price volatility is a fact. Family emergencies are always a possibility. Do what you are comfortable with considering your circumstances.
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20 sats \ 1 reply \ @k00b 11 Jun 2023
Back when I had a job, I Roth'd everything. I think that's all still in some mid cap index. I'd convert it bitcoin if it were a button click.
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20 sats \ 0 replies \ @NOV 11 Jun 2023 freebie
Come by the Unchained office or give us a call to talk about our IRA product. We’re close to making it as simple as a button click - would love to connect.
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10 sats \ 0 replies \ @cicero 12 Jun 2023
If you have some trapped 401k cash, some industry EFTs that are somewhat Bitcoin related: chips, processors, energy, etc.
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10 sats \ 0 replies \ @orthwyrm 12 Jun 2023
I hold some MSTR in my pension fund. In the UK Bitcoin derivatives are banned, so the best you can get is Bitcoin-adjacent stocks.
I once held mining stocks too (Hive, Riot, Marathon, and... Core Scientific lmao).
Miners are less desirable to me as they are more dependent on non-Bitcoin things: Energy prices, ASIC production, US mining regulation, etc. Whereas MSTR just have to sit on a fat stack of corn and not lose it.
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10 sats \ 0 replies \ @darkcoin 12 Jun 2023
I'm planning on holding Bitcoin for a long time, in Eastern Europe we don't have many options, banks pay close to nothing even if you have thousands to invest, and then again, if you do, our government will take a big cut for whatever profit you make.
So, for me, Bitcoin all the way. At least for now.
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10 sats \ 0 replies \ @OriginalSize 12 Jun 2023
The situation doesn't look good for any of the traditional stores of wealth because if not crushed through selective monetary policy they'll be turned into the system's piggy bank. There is a world where we rebuild trust and can see joining together to shoulder our part of the fiat fuckup burden, but until such a world seems forthcoming, the best you can do is act in your own best interests. Save some bitcoin, keep earning, and try to enjoy life.
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