AzizMeshal (OP)
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May 01, 2022, 09:33:09 PM Last edit: May 01, 2022, 09:56:20 PM by AzizMeshal |
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Anyone is concerned if there will be an issue when bitcoin is in our 401k? I found this article is helpful to understand that correlation, so be careful! Check it out:https://sites.google.com/view/bitcoin401k/home
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Xal0lex
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May 01, 2022, 09:44:56 PM Last edit: May 01, 2022, 09:56:04 PM by Xal0lex |
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To read what your link says, you need to be logged into your Google profile. Not everyone on this forum has a Google account. Therefore, the information you want to share with forum users should be made public. That is, so that any user can have access to it.
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AzizMeshal (OP)
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May 01, 2022, 09:51:32 PM |
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To read what your link says, you need to be logged into your Google profile. Not everyone on this forum has a Google account. Therefore, the information you want to share with forum users should be made public. That is, so that any user can have access to it.
Thanks for the note, it's public.
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SFR10
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May 02, 2022, 06:07:44 PM |
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Anyone is concerned if there will be an issue when bitcoin is in our 401k?
It depends on how close you are to retiring [as stated in the same article, the younger the better] and how much of your portfolio is based on it [IMO, the 20% max cap by Fidelity is a bit high at this point (they should consider reducing it to "at least" half of that)]. I couldn't find anything that mentioned if they'd be insured up to a certain amount or not, but if there's such a thing in place, it could significantly minimize the risks [in combination with the first two (being young and a low percentage)]!
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goldkingcoiner
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May 02, 2022, 07:18:16 PM |
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401k's are scammy bullcrap. I would invest my money into the future instead of letting it sit and lose value due to inflation and other problems that only holding fiat money can have. Bitcoin to me is the best current investment but if you are one of those "don't put all your eggs into one basket" type of people, which would be smart because you divide the risk up, then I would still recommend finding different investments to put your fiat in. Why anyone would simply hold their fiat and wait for retirement is a mystery to me.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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yhiaali3
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May 03, 2022, 09:00:17 PM |
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This is what caught my attention in the article: Investors close to retirement, and who will need to receive dividends sooner than younger workers, should be especially careful not to add volatility to their portfolios.
They warn retirees not to add cryptocurrencies to their retirement portfolios because they are highly volatile!!! While they are not talking about adding highly inflated paper money!!! In fact if you add paper money to your retirement purse I am sure you will end up with a pile of worthless old paper!!!
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May 04, 2022, 03:47:58 AM |
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401k's are scammy bullcrap. I would invest my money into the future instead of letting it sit and lose value due to inflation and other problems that only holding fiat money can have.
What are you talking about? You have no idea. A 401k is the treatment given to what you have invested there, and if you choose your funds well, which doesn't cost much, you clearly beat inflation, at least my 401k has. Bitcoin to me is the best current investment...
I do agree with this. Again, it's not about holding fiat, it's about investing, and there are investments that, without being Bitcoin, beat inflation and give good returns.
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goldkingcoiner
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May 04, 2022, 04:04:47 AM |
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401k's are scammy bullcrap. I would invest my money into the future instead of letting it sit and lose value due to inflation and other problems that only holding fiat money can have.
What are you talking about? You have no idea. A 401k is the treatment given to what you have invested there, and if you choose your funds well, which doesn't cost much, you clearly beat inflation, at least my 401k has. Bitcoin to me is the best current investment...
I do agree with this. Again, it's not about holding fiat, it's about investing, and there are investments that, without being Bitcoin, beat inflation and give good returns. I don't know what you are talking about. As I understand it, with a 401K you have a limited choice of investments you can make? And there are also additional fees, especially if someone who holds the 401k account withdraws it too early? Or the holding fee? Does the company or government get to decide how you invest that money? How is that ok with freedom-loving Americans? I would rather put the money into Bitcoin. I believe that anyone with half a brain would do the same. Come work for me. We will call it a 10 BTC retirement plan.
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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May 04, 2022, 11:56:34 AM |
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I would rather put the money into Bitcoin. I believe that anyone with half a brain would do the same. Come work for me. We will call it a 10 BTC retirement plan. 10 BTC seems not bad to me but I would diversify a little. I don't know what you are talking about. As I understand it, with a 401K you have a limited choice of investments you can make? And there are also additional fees, especially if someone who holds the 401k account withdraws it too early? Or the holding fee? Does the company or government get to decide how you invest that money? How is that ok with freedom-loving Americans?
FYI: 401k Complete Guide. InvestopediaAlso: " The average 401(k) plan now offers 25 investment choices..." Source: How many 401(k) investment choices are too many? This is a 2014 article but it serves to give you an idea.
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suzanne5223
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May 04, 2022, 01:15:50 PM |
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401k's are scammy bullcrap. I would invest my money into the future instead of letting it sit and lose value due to inflation and other problems that only holding fiat money can have.
What are you talking about? You have no idea. A 401k is the treatment given to what you have invested there, and if you choose your funds well, which doesn't cost much, you clearly beat inflation, at least my 401k has. She/he has a point if the choosing investment is not cryptocurrency since 401k has numerous investment options in managing an employer's retirement plan and with the liberation introduced by crypto it is good to be the controller of one's investment than having control by an organization but I am surprised about is how 401k could be scammy when activities are usually managed by financial services advisory. Again, it's not about holding fiat, it's about investing, and there are investments that, without being Bitcoin, beat inflation and give good returns. Yes, it's not always about fiat but helping salary earner planning for the future retirement and the investment option is determine the person not the 401k though they give advice on every investment option.
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YOSHIE
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May 06, 2022, 02:28:56 PM |
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Anyone is concerned if there will be an issue when bitcoin is in our 401k?
From what I read, all the obstacles and risks of investing with 401k funds have been explained by @Gray and the advisor has said it also in the article. One interesting conclusion, as stated below. "This is designed for longer-term investing, not for somebody who wants to make short-term trading in Bitcoin," says Gray.
Don't expect investors' money to be able to withdraw as they please, have a limit and timeframe, that's great and if they understand and are serious about investing in Bitcoin, must consider all the risks that will occur in the future, if they all agree to the investment plan and apply strong laws, how many years of investment, what percentage of the return and what if Bitcoin drops further than the initial price of their investment, I think it's ok, what is clear is that investment has risks, if they are ready to accept all the risks it doesn't matter. the main thing is: No one blames each other, mostly if they invest organizationally and if they gain a lot they are praised and if they lose they are insulted, hope they understand the risks of investing in Bitcoin.
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Kidoue
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July 02, 2022, 01:39:54 PM |
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personne ne se blâme les uns les autres, surtout s'ils investissent donc à chacun ces choix
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dansus021
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July 07, 2022, 02:48:22 AM |
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as far as I know, 401k is a retirement fund, but there is bitcoin in it. I don't this is a good choice, yes bitcoin might have something really good if we see the historical data but highly volatile is really bad unless they know to counter it and know what are they doing
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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SFR10
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July 07, 2022, 08:21:36 AM |
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as far as I know, 401k is a retirement fund, but there is bitcoin in it. I don't this is a good choice, yes bitcoin might have something really good if we see the historical data but highly volatile is really bad unless they know to counter it and know what are they doing
As long as they're not about to retire and only include a "small portion" of the 20% max cap that Fidelity is offering for their 401(k) plans, it should be more than enough to counter most of the volatility issues that BTCitcoin has.
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2stout
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August 04, 2022, 03:48:40 AM |
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Providers will most likely be ETF- Grayscale, etc unless the SEC pulls their head out of their asses and finally approves a spot ETF. This seems to be a forgone conclusion except for the fact the SEC has prevented its rightful inevitability on more than one occasion.
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