Hey anon, time to start reducing your MSTR position. Reverse daily DCA it.
Lots of overexuberance in the marketplace. BTC moved 0.75% today while MSTR moved 13%. That tells me ppl are fomo'ing in. You've heard the adage, buy when there's blood in the streets right? We'll the opposite applies as well.
If you've got no 401k/IRA shares look to reduce those positions first. Bank your earnings by rotating into self custody BTC. If you've got it in a tax advantaged account, I guess you can rotate into one of the ETFs. Or better yet, get yourself an unchained account and hodl real Bitcoin.
People can't unsee the arrow go up
If they could see the end of the cycle, they would dca conservatively now and wait to lump on when everyone is having their face melted off
This is the benefit of having lived through multiple bitcoin cycles. Been through the fire and know what's on the other side.
How would you rotate your 401k/IRA shares into self-custody BTC without taking a early withdrawal penalty and incomes taxes?
Unchained capital (and swan as well i believe) offer IRAs that are self custody multisig accounts. You hold 2 of 3 keys and they hold 1 of 3. You can do a transfer without penalty/tax as long as you don't withdraw that bitcoin.
The great thing is you can still withdraw it whenever you want without permission or delay. You'll just get a tax bill at the end of the year.
For anyone gambling in the stock market... hope ya'll been listening
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