Replying to Avatar DougTee

Since I cant buy bitcoin in my 401k...taking loans out to buy BTC and paying myself back into the 401k..anyone see problem with my logic?
Avatar
Gerardo 2y ago

You sold the BTC in this scenario?

Reply to this note

Please Login to reply.

Discussion

Avatar
DougTee 2y ago

No just buying bitcoin and holding it. then paying back 401k loan to myself

Avatar
Gerardo 2y ago

Oh I see, only issue I see is depending on how much you’re taking out to buy BTC you’re digging a never ending cycle of paying yourself back Ig

Avatar
DougTee 2y ago

i figured just take out fiat, buy btc, pay back fiat (to myself)...repeat

Avatar
Gerardo 2y ago

That’s what I’m seeing too, the cycle won’t stop til your stack can take care of you