[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 5 KB, 275x183, scaredmoney.jpg [View same] [iqdb] [saucenao] [google]
1995337 No.1995337 [Reply] [Original]

Would anybody here consider putting their retirement fund into a Bitcoin IRA?

https://bitcoinira.com/bitcoin-in-my-ira401-k

Is this a bad idea? I'm considering it.

Also, if anyone wants a job paying $120,000 a year, I found this:
https://www.indeed.com/cmp/Fortress-Gold-Group/jobs/Specialist-33b079afd0253b0a?q=Cryptocurrency

Literally just knowledge about Bitcoin required I guess.

Fuck. Is this a bad idea?

>> No.1995368

Wait is the whole purpose just to avoid paying taxes on Bitcoins?

If you already don't pay taxes on them, is there any fucking point to this?

>> No.1995396

Fucking neets. I found you a job for $120,000 a year which requires nothing more than knowledge of cryptocurrencies and will allow you to trade cryptos all day.

>> No.1995411

>>1995337
>Fuck. Is this a bad idea?
Kek I already put more into BTC than my Roth Ira. You'd probably want to diversify into other shitcoins BTC may not be around in 50 years. You don't have to leave it in BTC until you retire either I don't think

>> No.1995430

>>1995411
Apparently there's some ETH one too.

But my point is, isn't the point of an IRA supposed to be that it's tax-free or it grows tax-free?

With crypto, if you already aren't paying taxes on it.... what's the point of this? Is this whole site just a way to try and get normies to buy into Bitcoin and then pay taxes on it later? It seems kinda dumb, no?

>> No.1995538

>>1995430
>not paying taxes
Would you like lube with that?

When you're 80 and have a million dollars in your retirement fund you'll want to pay taxes else how will you ever use it?

>> No.1995555

>>1995538
>Buy some BTC online or on Localbitcoins
>Trade around wtih Altcoins, watch it grow to a million dollars over the next 40 years
>Cash out a little bit at a time through all the various companies offering this service AND localbitcoins cash, little bits at a time
It's not possible to force taxes on Bitcoin unless someone is a complete absolute fucking dumbass when he/she cashes out.

>> No.1995903

bump

>> No.1996615

>>1995396
>Fucking neets. I found you a job
>Bachelor’s Degree required, MBA preferred
>i dun think so

>> No.1996634

>>1995555
>can't cash your money out to make investments without getting caught
>if you get audited you'll go to pound-me-in-the-ass prison
I bet you think drug dealers don't have to pay taxes either.

>> No.1996647

>>1996634
Well, while I do think you are likely to get caught no matter how slow you take it, drug dealing is very different.

I don't think drug deals file taxes and they also take cash 99% of the time so there is no reason for the IRS to even look at them.