Bitcoin/Crypto Currency IRA

Joined
Mar 10, 2021
Messages
1,446
Location
TX
Anyone has this in their IRAs such as iTrust, Bitcoin IRA etc. ? What are your thoughts? Thanks
 
If you don't have time to go to Las Vegas to play the table, just buy crypto it will save you a ton of time and be about the same level of risk.
Vegas will give you free cocktails.

I don't see anything wrong with some exposure to crypto. It's sure made some people very rich. And some lost their shirts.
 
The two bitcoin ETFs that have made money (of the 4 I track) is GBTC & IBIT.
The others two did not.
Too much theft and scamming going on yet for me to invest directly in bitcoin. If that ever settles down, I'd consider it.
 
The two bitcoin ETFs that have made money (of the 4 I track) is GBTC & IBIT.
The others two did not.
Too much theft and scamming going on yet for me to invest directly in bitcoin. If that ever settles down, I'd consider it.
Yes, this is me.

Will trade it very short term.

I can see a private currency succeeding some day, but bitcoin has too many limitations.

Not to mention the recent Memecoin grift set crypto back a decade at minimum.
 
I don't see anything wrong with some exposure to crypto. It's sure made some people very rich. And some lost their shirts.
Exposure is fine as long as the investor understands the risk and volatility.

Get a private wallet, ideally hardware based offline wallet.
100% do not trust anyone else with the private key. Think Voyager.

Get a hard wallet such as a Ledger Nano and a stainless steel word storage device like a Bilfoldl. Then understand that if you lose your words, you have lost your crypto. Be informed.
 
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