pull down to refresh
11 sats \ 16 replies \ @028559d218 21h \ parent \ on: Doomerism and Negativity bitcoin
I went all-in last summer with my 401k to MSTR (at least as much as it would let me allocate) and it's been great.
Having said that I buy the real thing given the choice.
summer of 23 or 24?
either way, nice job
reply
- thanks
After the ETFs came out... I sold some shares to put into the etf to reduce 'key-man' risk.
Whether that was a good idea or not I'm not sure I guess I'll know eventually
reply
summer of 2023 means your MSTR holdings are up 500%
great timing!
luck + skill
reply
Not skill. Just curiosity (staying up all night listening to btc podcasts and interviews)
reply
You’re being modest!
I should have said knowledge plus luck
Knowledge > skill for investing
reply
LOL have fun being Saylor bitch
reply
For your information (because obviously you don't know...)
There is no way to purchase real Bitcoin in a 401k. It's impossible.
reply
This is correct
I am 95 percent sure Darth has muted me for supporting liquid
reply
Well liquid or no liquid...
Employer-based 401Ks are not optional at least in my country. They are 'assigned' to all workers. And in them there is simply no way to buy 'spot' Bitcoin in self-custody. Maybe one day, but there isn't right now.
As far as 'real Bitcoin'... if I didn't own some of that I wouldn't be on SN
reply
There are SN users who use liquid to balance their Lightning channels
Boltz is a great service
Aqua and CoinOS are great for beginners
reply
I agree 100%.
I believe that eventually Liquid will be used as a balancing-tool more widely...
It's a cheap way to balance channels without having to pay much in sats.
Chain swaps have their place, but are too expensive for small Lightning channels.
reply
Why the fuck you need a 401k? Just buy directly BTC. Done.
Or you are just a pussy, not having balls to go all in into Bitcoin. And that means fiat mindset. A true bitcoiner will always go all in.
reply
Darth your guides are awesome. They are super informative.
But sometimes you lack... tact. And subtlety.
And cannot read between the lines
reply
He lives in a self imposed bubble like the bubble boy on Seinfeld
reply
I read more than you can imagine and also my bullshit-meter is always very accurate
reply
We can’t change the past.
401k preceded the genesis block.
The tax penalties are significant. It’s easier to buy MSTR in a 401k or Roth IRA
reply