When we say everything that isnāt bitcoin is a shitcoin we literally mean everything that isnāt bitcoin is a shitcoin.
This includes Bitcoin stocks.
Discussion
Hes back! I thought saylor corrupted you into a stonk salesmen like mallers.
I have no problem speculating on bitcoin stocks but Iām very aware that they are shitcoins.
Accretive shitcoins
non IRS 10% taxed accretive shitcoins.
non IRS? Idk what you mean
Accretion far outpaces taxes, and bitcoin is taxed too.
Aren't the retirement account withdrawals pre 59 years old taxes at 10% penalty plus income tax. I haven't done the math, but I don't think it's worth the income tax plus 10%. Unless I was in Europe, then in would want to get moly money out regardless
You can buy them in non retirement accounts
and being a bitcoiner means running a node and holding your own keys
My brother-in-law canāt get his head around the fact that he doesnāt actually own any of the stock he thinks he owns. I said, āOk, if you own them, let me see them. Do you have the certs here in the house?ā
And even those would be IOUās.
the custodian doesn't even custody your stocks. they're actually owned by some alphabet corporation no one has ever heard of.
"Everyone who holds bitcoins is trying to get more by scamming others out of theirs"
Yesssss
It is special. šÆ
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People need to read āThe Great Takingā to understand why stocks are shitcoins. They are a fiat product and the law is setup in such a way that the fiat lords benefit, not you, in the event something goes south.
Except of course Trumpcoin. Once that gets back to parity, it's going to the moon!