Moved my traditional investing account and Roth IRA to Fidelity so I can invest into a Bitcoin ETF, FBTC. I would get heavily penalized for pulling the money out so I'm coping and keeping the money in a Roth IRA.

As I've posted before, I just started in August getting paid 100% in Bitcoin and I'll do so moving forward. I've never gone 100% into anything when it comes to money/investments, because of that mentality I'm pretty nervous, but also the more I study and learn about Bitcoin the more sold I am on it. Lol it's a funny thing.

Anyways there's my update. Have a blessed day bread winners.

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Discussion

Why did you choose FBTC over IBIT?

Good question. For me it comes down to Fidelity and then having self custody of their Bitcoin vs IBIT using a third party, Coinbase, for "storing" Bitcoin.

In your risk assessment, what are the odds of government confiscation?

Sounds like a good plan. Do it in stages. Especially if its your first 4 year cycle. Mine was brutal. But 100% worth it.

I took the haircut and paid the taxes and four years later, even with the crappy bitcoin price action, I'm still ahead.

Why not hold actual bitcoin with something like Unchained's IRA?

Why not roll into an unchained Roth IRA & hold your own keys

I can't tell you how much I enjoy hearing of people getting paid in #bitcoin and moving their life to the standard. Kinda heart warming to see! 👏👌👍

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