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PeakyBTC 2y ago

Let’s say you had $10,000 in a retirement account on Fidelity.

But after fees and taxes, that 10k became $6,800 in cash (to buy Bitcoin.)

Is the 32% haircut worth it???

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98
Beiner 2y ago

In a heartbeat

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PeakyBTC 2y ago

Hahaha I love it. When you think we going to $150k? 🤣🤣🤣

98
Beiner 2y ago

2025. We will be in that range. Maybe lower or maybe higher but for sure for sure over 100k

Bitcoin is the best performing asset in the last 14 years. I wouldn't bet on anything other bitcoin. 🤷‍♀️🤷‍♀️🤷‍♀️

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PeakyBTC 2y ago

I’m with you. I think I’m gonna pull the trigger. Just hope I can buy in time before a price spike.

98
Beiner 2y ago

It takes weeks for it to clear. Just keep that in mind

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twentyone 2y ago

It all depends on the individual. Let’s say the following changes hypothetically occurred in the future: the penalty for early withdrawal increases from current 10%, or you are not allowed to do an early withdrawal anymore, or income tax rates increase, or you are forced to have a percentage of your invested retirement funds be invested in bonds, or ….. The point is the future is uncertain. You just have to decide what you think is the best for you, make the choice, and then don’t look back

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PeakyBTC 2y ago

I appreciate this. The future is full of unknowns. My bet is on the harder money. I think I’m gonna pull the trigger

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twentyone 2y ago

Best of luck 🤙🏼

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ryanjordan 2y ago

Over the last 5 years #bitcoin has averaged 90% CAGR per year.

Let’s be conservative and cut that in half to 45% and hold for 10 years.

In reality that would be much longer assuming you’re under the age of 55.

2033 purchasing power…. $279k

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PeakyBTC 2y ago

Very helpful. Thank you. (I’m in my 30s)