I YOLOed most of my retirement account into FBTC back in January, and I’m glad I did. I don’t own any MSTR, though. I’m sure someone here has some not-financial-advice to offer.
Discussion
Same! Feels risky because it’s cash only redemption but I speculate that will change in the future
I didn’t have a choice because the money had to stay in the IRA, so I just wanted to pick the best of the bunch.
I fomod in. My wife pushed me. Sethimg about my track record with btc and she thinks I know what I'm doing!
Here is some not financial advice advice there are 2x BTC ETFs so you can dbl you exposure in your retirement account.
Interesting. But how is the performance vs. risk on these?
I’m seeing by comparison that BITX has returned 170% YTD vs. FBTC at 127%. It’s good but not exactly 2X.
Yea 2x is the target it varies day to day but that still 43% better which is higher than most assets perform in a year. Manage the risk by selling say 10-20% of your FBTC at highs and buy BITX. Then you can rebalance if you get overexposed say BITX becomes 40-50% you could sell a portion back into FBTC.
Yeah, no matter how unlikely the catastrophic scenario may seem, don't collateralize a loan with bitcoin... or invest in a company that effectively does the same thing - even if the loan is for buying more bitcoin.
I lost almost a whole coin doing this. NEVER USE YOUR 🌽 AS COLLATERAL! 😩