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re: Official CryptoTalk Thread
Posted on 5/16/24 at 6:29 pm to JohnnyKilroy
Posted on 5/16/24 at 6:29 pm to JohnnyKilroy
Why not both? Actually there are 3 categories of Bitcoin investments.
I'm an advocate for owning Bitcoin directly, owning the Spot Bitcoin ETFs, and learning how to take advantage of Bitcoin Futures/Options/Derivatives.
Bitcoin is great for holding for long term performance and security against the increasingly failing FIAT and economy.
The Spot ETFs are great for IRAs and 401Ks. They do what Bitcoin can't and that is to trade without immediate tax implications within Traditional and Roth IRAs and 401Ks.
Going one step further, I also recommend owning and trading Bitcoin derivatives like BITX and BITO. BITX makes a great play on volatility and BITO has been paying massive distributions.
I'm an advocate for owning Bitcoin directly, owning the Spot Bitcoin ETFs, and learning how to take advantage of Bitcoin Futures/Options/Derivatives.
Bitcoin is great for holding for long term performance and security against the increasingly failing FIAT and economy.
The Spot ETFs are great for IRAs and 401Ks. They do what Bitcoin can't and that is to trade without immediate tax implications within Traditional and Roth IRAs and 401Ks.
Going one step further, I also recommend owning and trading Bitcoin derivatives like BITX and BITO. BITX makes a great play on volatility and BITO has been paying massive distributions.
1
Posted on 5/16/24 at 6:46 pm to 98eagle
quote:
BITO has been paying massive distributions
Can BITO go to 0 or have a massive drop relative to BTC price?
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