Replying to Change this if you want

I'm not in a 401k, etc., but if you have one, what prevents you from liquidating the entire thing when #bitcoin is at its lowest, paying a 30% tax and penalty, and just holding onto the real thing? Greed?
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Chris Alaimo 1y ago

I don’t want to give the government a single cent more in taxes by liquidating it so they can fund the military industrial complex, big banks, big Pharma, and the political parasites.

So I write it off to $0 and if it is worth anything more than that when I retire it will be icing on the cake but don’t get me wrong I have thought about it multiple times.

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Change this if you want 1y ago

Not paying taxes would make sense if you would live somewhere in the offshore zone but definitely not in the USA ! Also, how can you be sure that govt wouldn’t screw up your 401k until you retire ?

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Toxic Bitcoiner 1y ago

You’re still supporting those industries by giving reservation demand to scam leveraged equities and (war) bonds. Unless it’s self directed and all in MSTR or a BTC ETF, but still. If it can be seized, it will be seized and used to support more war. Best case scenario, Bitcoin eats all of the monetary premium of those equities and bonds anyway, you book a -99.9% loss relative to self custodied Bitcoin.