Anything counts, including Bitcoin-focused companies and mining stocks.
Yes61.2%
No38.8%
67 votes \ poll ended
Experience has taught me that the simpler the better. A retirement savings plan, an SP500 or world etf and Bitcoin with biannual reinforcement are enough.
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Technically, no. I have a retirement plan, but I'm pretty sure the financial institution own the actual shares. I think what I "own" are claims on hypothetical profits/losses from buying and selling the funds that I chose.
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yeah i should have been more precise with my wording, but for the sake of this poll, holding shares in a retirement account should be a yes
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Currently no. But did (and probably will again some day). I'm not ideologically opposed to ownership of physical items or real estate or companies or securitization of companies.
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For those that say no... I'd also be curious if people have thought about investing in independent energy infrastructure as an alternative form of tax-free dividend (for mining or otherwise). Only just considered it in those terms recently.
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I've def thought about this. Its hard to know where to start or which company to trust
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Yes. I just buy/ invest companies that fit my world view. This is the beauty of a somewhat free market. Companies leverage capital to solve problems to bring goods and services to the masses.
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Voted for no.
I still don't know if I am better off because I completely skipped tradfi or not when it comes to "investing" / caring about my future more / lowering my time preference.
However, I still have plans to buy some MSTR or RIOT shares (or other public bitcoin mining companies); just for the sake of getting some "tradfi experience".
For example, I realized stocks are not available everywhere. I can't just download any neobroker app and expect that I can buy any stock from there. At least that's what I found out when I last looked into it iirc. Please correct me if I am wrong.
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you’re right that there are geographic restrictions to what stocks people can own.
i hope this changes over time, but it may be many years or even decades before everyone has access to public equities in the way they have access to bitcoin.
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I hold stocks in good public traded companies, and while I would love to go 100% BTC, I cannot let go of tradfi. Its not as simple as saying all public traded stocks are a fiat scam. Yes, we denominate them in fiat, but they can represent equity in something much larger than even Bitcoin (today).
I like the website https://8marketcap.com to put things in perspective. Apple is worth more than all the BTC on earth today. Likewise, all the gold on Earth could buy Apple 3 times over.
And with things like IRA's and 401K's, there are tax advantaged reasons to hold tradfi instruments in these accounts, legally reducing your taxable income. Until we have such vehicles with Bitcoin, there will be reasons that public equity (stocks), debt (bonds) have advantages over cryptocurrency (currency).
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I don't own any but if I should it might be on my own company
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always a good idea to bet on yourself!
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I do not. Before coming into Bitcoin I must have read 20-30 investment books all centered around the stock market. Never once did I pull the trigger on buying a stock. It just never made sense to me. It felt like a delusion but I could never figure out how to verbalize it. Than Saylor comes in and explains it crystal clear.
No moral judgement on anyone that does. It just feels fake.
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Yes, there are some tax sheltered accounts of mine that cannot be sold for Bitcoin (ISAs, SIPPs). So I invest those into Bitcoin adjacent stocks instead (MSTR and the miners).
A couple months back I took a punt on opening up a S&S LISA for the year and putting it all into the aforementioned stocks. So far it's up 75% and CGT is exempt, so pretty good going.
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I have a retirement account that has stocks in it but I sold all the stocks in brokerage account over the last couple of years and bought more bitcoin. The market is way overvalued.
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Lol yes I do, but I don't care about them and I don't check up on them, there are a few companies here locally that sold shares on special programs to get more "black ownership" so yeah my dad bought those for me and gave it to me those are the only stocks I hold directly
Anything else would be through retirement funds set up during my time working at different companies and well you can't really do shit with it, I made my peace that all those investments are going to zero in Bitcoin terms
and stack accordingly
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Some options on Mara
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Everyone should own some stocks full stop. 99.9999% of people with any material amount of wealth do. You know who doesn’t impoverished nations. It’s a blessing, don’t blow it! Your future self will thank you!
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I have minimal exposure. Not sure I like the increasingly invasive kyc element to speculating on shit.
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Owning stocks is a risk
yes, owning stocks is a risk. but so is crossing the street and eating at a restaurant.
Once you understand everything is being repriced in Bitcoin, you realise the only rational outcome is to go all in.
not saying everyone needs to own stocks, but i don’t agree that going all-in on money is the “only rational outcome”.
lots of companies outpace Bitcoin’s returns every year (some public, many private), and the more valuable Bitcoin becomes, the more likely it becomes that holding Bitcoin is not the best investment one can make.
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My bitcoin stack on cold storage carries zero risk.
there is no such thing as “zero risk”
Why take a gamble trying to find the "right" companies to invest in when you can simply sell your fiat for Bitcoin and guarantee yourself a win by default?
why do you call stocks a “gamble”, but Bitcoin “guaranteed”?
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cult mentality
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I don't think it'd be that hard for someone to wrench attack a lot of us and steal our hard earned math...
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If you were to choose your stocks today, would you feel confident holding onto them for the next 5 years? 10 years? 20 years?
yes, i would. that’s exactly the approach long-term investors take, whether they’re holding stocks, bonds, real estate, or bitcoin.
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I recently started buying VZ in a retirement account since I pay them so much every month
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Yes some shares in a few companies. Interestingly, the long-term view of all investors mirrors currency devaluation after the short-term volatility is smoothed out. The average return of traditional markets (i.e., S&P, gold, real estate) is very close to the last 100 years 7% yearly inflation. Only bitcoin has and might continue to fight these headwinds
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It's not possible for a person to legally own stocks. You can only be a creditor to the entity that does own them.
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all other "assets" are bleeding ice cubes against bitcoin over the long term. I suspect it will take decades and decades to learn this..
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most of them are also melting ice cubes against dollars over the long run too.
seriously. how many companies from 1913 are still around today?
despite the dollar losing 99% of its value over the last 100 years, most companies are down 100% over that timeframe.
the same can be said for gold. over a long enough time frame, all other assets (even USD) already trend to zero.
however, this has never stopped entrepreneurs from building amazing companies and becoming very wealthy in the process.
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yep agreed. the only difference now is that the stakes to compete are far higher to earn shareholders. Good for the market and the people. But how that changes the traditional portfolio allocation for the average person, will be drastic it seems to me.
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if you aren't the DTCC you dont actually own any public stocks. you might have a receipt but you dont own them. Not your keys.
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I've been investing in Bitcoin-focused companies and mining stocks for a while now, and it's definitely been a profitable venture for me! Can't wait to see the results of this poll.
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Nop, I don't own jack
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Coinbase went public some months ago, maybe I can get their stock
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.