Just opted to take the early penealty cash out an old 401k from a previous job (not huge but not tiny either) and plan to buy (more) #bitcoin. I know that is sacriligious for tradfi. I kicked myself for not doing last cycle but used the diversification logic for not doing it. Wish I would've done it at the bottom but I figure if I can get in before the halving and holdl it'll make up any lost money from penalties. Am I crazy or does seem reasonable?
How much was that penalty?
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In the US it's 10% if you withdraw before retirement age. Which is currently 59.5 Which can be legislated to be changed (has been brought up before) to be later. which is a worry/attack vector IMO.
