Same. It’s so much simpler just putting any spare into bitcoin. Everything else feels very risky and weird. I still have a work pension that I have to allocate the money each month. It feels so clunky and I’m almost certain will be worth fuck all by the time I retire (if I’m even allowed to withdraw it at some ancient age and certainly not from another country) Bitcoin when you think long term is really freedom. My wife is always saying she wants options. Well Bitcoin give you the most options 🥳
Discussion
MSTR is an option when funds stuck in a pension. If you don’t control sometimes can move pensions to your own SIPP that you control (at least in terms of allocation; not ‘keys’)
Yeah I did that last year. Went to vanguard. Load of crap, moved to fildelity, still couldn’t get MSTR, now finally on land down hargreeves and now in MSTR. I missed the dip at the early part of the year as it takes 6weeks to move a pension 🤦🏻♂️ but I can’t withdraw it for 20+ years so hopefully it will have gone up a bit 🤌🏻
I have funds stuck in a pension but I don't think we have access to MSTR or an ETF wrapper I still need to enquire about if I can salvage any of that, but I am happy with my real sats and the odd non-KYC buys I can source
I also have a retirement annuity and preservation fund that I was given when i was working, honestly I've already zero'd that in my head because well its in South African rands and Rand-based assets so what's the bloody point?
I'd be so doom pilled if I never found Bitcoin, its so disheartening trying to save in other asset classes, especially if you don't want to leverage yourself to the tits to do it
I just don't know how I will access this capital though, taxes are going to be a nightmare and pulling it out non-kyc is going to be in drips and drabs pulling teeth, alternatively borrowing against your Bitcoin is an option but the interest on it is a joke, 13% annually bro I'm pledging the worlds best collateral here are you high?
I have looked at borrowing against your bitcoin @markmoss talks a lot about this. I think it will happen but going to let others try out and learn and I will have a go when it’s a more established industry. If that takes 10-20 years. So be it
We're nowhere near the state when borrowing against BTC is feasible.
As you just said, people are on all sorts of psychotropics asking for those absurd interest rates, plus the overcollateralization and the lack of safety (you lose control of your BTC and are forced to trust a third party, in the best case).
I keep stacking with the hope that one day not too far in the future the market will solve these issues and we will be able to use BTC without having to liquidate our holdings.