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/biz/ - Business & Finance

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3069791 No.3069791 [Reply] [Original]

should i cash out my roth ira and put all my savings into bitcoin?

it would only be like $3k :(. all of this bitcoin talk is pretty crazy and makes me wonder if I am missing out. But all i have is about $50 bucks in it.

>> No.3069807

yes goy, buy the ath

>> No.3069812

Wait for a correction. Unless you want to follow the /biz/ way
>buy high, sell low

>> No.3069817

>>3069791
nah, I want to be richer than everyone so more people in crypto wouldnt be too good for me

>> No.3069819
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3069819

>> No.3069823
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3069823

>>3069791
>roth ira

Enoy your 30 cents per year faggot HAHAHAHAHAHA

>> No.3069858

>>3069812
i just figured i would just buy as much as i can and hold for a while.

>>3069823
hey dont call me a faggot, i am learning this stuff.

>> No.3069876

>>3069858
That's a good plan, but just wait a little bit. Then again, if you're putting money in every so often, you'll be able to dollar cost average down when it corrects.

>> No.3069891

>>3069876
gotcha. i only have like 560 in my roth ira and like 200 in my other savings. im about to just say fuck it and make BTC my main savings account. everything just takes so damn slow. i know with more risk comes more risk of dropping, but i have to have millions in my roth ira for it actually start counting it seems like

>> No.3070050

>>3069791
What is dollar cost averaging.
At most stick in a quarter of what you gots, and put in 10pc of your salary every month.

If bitcoin price ever doubles again then take out your gains, and keep dollar cost averaging in.

Have a nice day

>> No.3070074

>>3070050
so if my salary is 1500 a month, just put in 150 into bitcoin, and if it doubles out, withdraw my gains, then keep putting in $150? sound about right?