the nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx zap here is so savage
Discussion
Go on…. 
true story, 4 years ago I argued that the premium on gBTC should be just below 0
Odell corrected me
it then proceeded to dump well below 0
I'll never forget it 😂
Everyone needs to understand this.
GBTC exposure early on was a brilliant move & only way to get BTC exposure in IRA’s.
it was, I had it and enjoyed the premium but also know of others that bought during premium and got rekt when it went under
Define Rekt?
Time in market > timing the market.
Short term tourists almost always get Rekt. Fuck em. Their salty tears make my steak taste better.
I personally know 4 people that still hold GBTC since 2021 & they are all waaaaaaaay up compared to normies.
they bought when the premium was high and some got scared out by sec lawsuit
the ones that held are now flat to nav so holding real BTC would have been better in dollar terms (even without distribution through unchained ira etc)
also missed out on owning real corn that can't be confiscated
to me the biggest risk with all of this is always confiscation by gov or forced liquidation
Agree on the last point fully. But new administration seems to quell that fear, for now. At least in the US.
What are your thoughts on Unchained?
Does Fidelity buy them or another big player?
Maybe, would they want to sell? Feels like customers are growing with the Bitcoin price so they're well positioned.
I think them and river are the best in terms of financial services with a real Bitcoin core.
💯💯
I can’t see them not getting acquired. For huge huge money. They’ve built what the big boys all want to get into.
Humbly speaking.
Goal with the IRA is to use the funds to pay 100% of my niece & nephews university. No penalties for early distribution & it takes a huge burden off of my sister. 🫡🫡🫡
So Go MSTR & Go BTC. I’ll keep my 2011 BMW until it explodes, with my hands still on the wheel.
nostr:npub18h4uskj5wv7vrtn5059eqdv5eynvvxce4zp27my83809cngzwsvsafyd4d
MSTR is a history test
I don’t think so. Maybe. But I don’t think so.
MSTR is not going to blow up like LUNA but anticipate a similar situation to GBTC trading < par btc value.
Clearly not done the work to understand MSTR.
Nope I have. I just know how this ends. I have just done the work and came up with a different conclusion than the 90%.
MSTR trades like par value to btc on balance sheet, maybe slight premium.
You own the bonds you're good; you own the equity you're the exit liquidity.
Now do fiat?
Dollars are long equity on the US govt.
Bonds are long debt on the US govt.
Bitcoin is long equity on humanity
Yep and whilst you’re saving the World, I’ll be on the beach in Mauritius. But thanks anyway .👍
Not before 65 because you can't liquidate your money 🤣
DCA only works for Plebs.
Not for corporations apparently. The next drawdown will wipe out MSTR but luckily every Pleb will survive.
You are underestimating the unending demand from the degen bond market. And also showing a lack of faith in BTC as a long term, viable solution. Shame. I think BTC can survive long term & isn’t going to zero. Shame shame on you.
Pension Is 55 in Uk and Tax free savings account has no exit restrictions.
I studied MSTR for 2 years before I invested in June 23.
So with a bit of planning and a high IQ you can live tax free off MSTR.
Simplistic take. 
🤣🤣🤣😂
Who's gonna to tell 'em?
sats may be right in the short run, it may be practical advice for people with money in an ira that aren't ready to distribute
do I prefer cold hard sats, yes
do I think sats prefers cold hard sats, yes
I think it's a hard to time thing but if people any to do it go for it
It's a game of exiting the system.
My last 6 years of work I didn’t contribute $1 to a retirement account.
Stacked like a mothafucka.
Depending on work history, IRA’s are a reality from the past. Penalties to liquidate are prohibitive.
MSTR is the play for those.
I’m right.
This is the way. I'm in the same boat.
I tell anyone starting their “careers” now to skip the 401K shit. It was a scam. It is a scam.
It took a long time to figure this out though. Now we know.
BUY BTC. Move to cold.
I owned gBTC and mstr early for the same reasons. Just followed the 401k employment match path before Bitcoin made sense. Also wanted to support Saylor sticking his neck out, made a huge difference.