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It's actually OCT-DEC 2026 Hard to put a date on it just yet but I got a time frame. Then HODL for (3) years until 28-SEP-2029 \[I got that date so far\] I've been doing this too long lol
2030 would be the next BEAR 27-AUG-2029 thru SEP-DEC 2030 = bear run
Don't mix up chatgpt with reading scientific studies. Like the conclusion here: https://www.dlsu.edu.ph/wp-content/uploads/pdf/conferences/research-congress-proceedings/2021/SEP-06.pdf
because it's about to go back to $62,000 USD by OCT / DEC 2026 After that we top out approx. AUG/SEP 2029
Good. Just keep buying DCA until we top out approx. AUG/SEP 2029
"Even if the price drops to 70k I will still profit." Good because it's about to go back to $62,000 USD by OCT / DEC 2026 After that we top out approx. AUG/SEP 2029 GOOD LUCK !!!!
Congrats OP! You might want to talk to a tax professional, you may have some options. For example, you might be able to claim you are running a mining business and file a schedule C. This could let you deduct expenses for the rig and electricity, space in your house for your office, computers you use to learn about mining, internet connection, etc. Also, there is a SEP IRA which allows you to contribute money pre-tax up to a maximum to delay tax payments and let your money grow. Finally, if you don’t trust your own ability to secure bitcoin, you could consider buying ETFs instead. Mortgage debt is some of the best debt you can have. Low rates, tax deductible. It’s quite likely that Bitcoin will outperform by a lot over a long period of time. If it were me, I’d keep going as though nothing happened and stash the Bitcoin for retirement. Think of your mortgage payment as your new Bitcoin DCA, but you get the exposure up front. Good luck!
I guess get a hardware wallet for you would work , but from your comments "store it in a wallet where I own the keys. I have already found a few services that support this." You sound pretty new at this. Do you already have a crypto account so you can buy crypto ? Do you have a software wallet on your phone ? or Crypto exchange app ? Just saying, You can do what you think is correct for you. But understand its not supper hard but its also not supper easy either. Look up hardware wallets, and get a crypto account, sell your SEP account into cash. Transfer the money from your back to a crypto exchange, Coinbase or Crypto/com are pretty legit. Purchase Bitcoin and transfer some to your hardware wallet to see if it works correctly, then transfer the rest and stare at the screen hoping the transaction works.
Not to be augmentative, but whats your experience level with crypto. If you are putting all your SEP at CoinBase or Crypto/com then it should be easy to manage. You need an a way on and off the crypto highway. There are a few others but, if your considering self custody of your entire retirement in Bitcoin, its Ok, but understand if you make a mistake and send your Bitcoin to the wrong address or use the wrong network, It can be lost forever. There is a learning curve and some risk
If you move our SEP to a normal brokerage and convert to IRA, you can by Bitcoin ETFs like IBIT
I'm 58 and it's more than 50% including my entire Roth and most of my SEP IRA.
it's bullish. the 25bps cut itself is meh. but the SEP is super bullish.
true but we already got the SEP released.... it's giga bullish. fed is predicting 2 more rate cuts in 2025 and saying unemployment rate will stay level. once powell speaks we're gonna moon i believe.
only 25 bps cut but the SEP is extremely bullish.
Is incoming Powell speech and SEP report pumping BTC from last week to now? Or is it random and pimp / dump will happen in a few days? I think pump because he "promised" a rate cut and moreover 2 more till the end of a year, but I can't see more people talk about it. I know BTC charts works in patterns... util it isn't , but still want to know if what I think is happening or am I wrong the whole time
Sporstbetting is a multi $B industry the avg american loads there account once a year, and its now and SEP for NFL futures and general betting. when they do the sites immediately sell it. Ive said it before and am always called names. Those people are not understanding of the power of this Industry.
The last couple of years, I’ve put most of my money into Roth, 401ks, SEP and decided (hope) that when I retire around 62, I’ll have enough to live on and she will be able to use that for her schooling, trade, whatever she decides she would like to do
A simple google search will prove that you’re wrong. > Yes, an IRA can be transferred to another IRA. This process is commonly referred to as a rollover or transfer. >Types of Transfers Direct Transfer: Funds move directly from one IRA custodian to another without the account holder receiving the money. This method avoids tax implications. Indirect Transfer: The account holder receives the funds and must deposit them into another IRA within 60 days to avoid taxes and penalties. >Eligibility Most IRAs, including Traditional, Roth, and SEP IRAs, can be transferred. Ensure that the receiving IRA accepts transfers. >Considerations Check for any fees associated with the transfer. Review investment options and terms of the new IRA. >Tax Implications Direct transfers are generally tax-free. Indirect transfers may incur taxes if not completed within the 60-day window. [https://themoneyknowhow.com/where-can-i-move-my-ira-without-paying-taxes/](https://themoneyknowhow.com/where-can-i-move-my-ira-without-paying-taxes/)
I have several Rollover and SEP-IRAs that i have full investment options on. If anyone is still holding old 401ks from past employers, with their limited investment options, I suggest rolling those and opening the full package of BTC-related opportunities.
I'm in my late 50's...been buying since 2017. Converted my entire ROTH into it a couple years ago. Also converted half my SEP IRA.
Don't have a 401k but I do have a SEP IRA (basically the same thing) So, I converted my entire ROTH into actual Bitcoin (still in a Roth) and half of my SEP IRA. A big chunk of the rest of my SEP went into MSTR. I'm 58 and plan to retire in 4 years.
I'm in my late 50's. I went on a search for a financial advisor and Bitcoin was my litmus test. Result? I'm my financial advisor. My entire Roth is in actual Bitcoin in cold storage (multi-sig). Around half of my SEP IRA is the same...the rest of it is in MSTR and IBIT. I hold zero bonds. My plan is to retire in 2029. No...I will not be cashing out then. I will live off of it or borrow against it.
----- Not financial advice. Simply my own path. ----- Have you read the Bitcoin Whitepaper or a book called Broken Money, or even better (and this one was ahead of its time) The Bitcoin Standard? I definitely recommend all three. If you don't agree with the fundamentals of what Satoshi was aiming for, that's okay. But I've dedicated the last 6+ years to understanding (to the best of my ability) why he created Bitcoin, and I enjoy reading things that elucidate these views and in fact the opinions of detractors. But unfortunately it is the detractors that sort of kept one of my feet inside the world of fiat for far too long. It's my own choice and fault at the end of the day, but the amount of FUD you'll find on almost every single non-crypto financial subreddit is staggering. Mostly because it is all wrong. Objectively. Time will prove this. I recently saw a redditor write that "People will buy Bitcoin at the price they deserve" a few days ago, and it is one of the most poignant things I've ever read on the topic. And one of the most truly accurate. Yeah, I've made good money with LETFs and VT has been kind to me. But had I just put my money in Bitcoin instead of messing around with that stuff, I would have made more money than I'm prepared to admit. And to be honest, money isn't massively important to me on a personal level. I am certainly not happier because I can pay my bills. I simply grew up very poor, but l knew I had the ability to turn $ into $ if I dedicated enough time to learning on my own. Never did I think it would come to turning $ into BTC. And never did I think I'd come to see BTC as a true asset - one that could and has changed my life and the lives of so many others. I will continue on this path and try to leave as much of it behind as possible when I'm gone, and help ppl along the way while I'm here; living life under a true Bitcoin standard as soon as possible. So there is no second or third best option. There are just.. other options. And because BTC ETFs are a thing, they are viable options to protect against the unthinkable (lost keys). Again, not financial advice here, just a portion of my own path - *Pay down debts and build an emergency fund (6-12 months of salary) with a HYSA. DCA into BTC ETF(s). *Get marketplace insurance with a high enough deductible / use employer options to have a HSA and DCA into that with the aforementioned method. *Repeat the previous step with earned income into a Roth IRA. *If self employed, repeat previous step via solo 401k and/or SEP IRA. *If fortunate enough to be able to do all of this at once, good times. Obviously, IMO, utilizing actual BTC above all other methods is the most important one. But those are some other options to consider. Definitely not better, but helpful as hedges. They're definitely not in line with what BTC is all about, either. Or don't do any of that and hope that fiat doesn't continue to lose buying power and that BTC doesn't become the world's financial standard. I just suggest reading some things and taking a good look into - and understanding - Bitcoin before it's too late. These first 16 years will be dwarfed by the growth of the next 8. But I'm just a dude on the Internet. I would be looked at as a space lizard if I said this to almost anyone I know. And have been, lol. I wouldn't bother writing any of this outside of a Bitcoin forum, either. Most people will tell you it's all speculation. And I mean, speculation isn't necessarily bad. Diversification isn't either, especially if you're already at the point at which you do not at all worry about your finances. ----- Again, I repeat, this isn't financial advice. This is a version of my story. Do your own due diligence. -----
Hey There! You're in luck, you can self-custody bitcoin in your SEP IRA - you hold and control your keys - same great SEP. [https://x.com/socraticBTC/status/1883689256583045424](https://x.com/socraticBTC/status/1883689256583045424) It's easy to do, with the right self-directed IRA custodian. message me and I'll help you get set up and answer any questions you have.
Yeah, I get where you're coming from. Self-custody is the goal, but tax advantages are hard to ignore. If you're self employed with a SEP IRA, using it for BTC exposure makes a ton of sense. You're getting tax benefits while still stacking sats. If you're uneasy about not holding your keys, maybe do a mix keep some BTC in cold storage for long term security and use the IRA for ETF exposure. MSTR is an option, but its leveraged and tied to Saylor's decisions, so its riskier than a BTC ETF.
In the middle of trying to fund my SEP 401k. Wish I could move the money today but wont be able to until tomorrow which means wed is the earliest. But I'm buying $20k of ibit. Just like last year. Account is already up 80%
He didn't mention Roth, I did because that is my situation. Yes, if you move from regular IRA or Simple IRA or SEP IRA to Roth you must pay tax based on the bracket you are in when you move it, since Roth is a post tax vehicle, independent of whether bitcoin is involved or not. If he were to move from an IRA of any type to a regular (non-Roth) bitcoin IRA it would not be a taxable event if it's transferred in kind from one financial institution to another who both offer IRAs. The banks send a wire or a check directly to one another, or at least that was my situation. He would be able to own "real bitcoin" under the shelter of an IRA. With a regular IRA, he'd have to pay tax when he takes funds out (after 59.5 with no additional penalty and an extra 10% before that), and would have forced distributions starting at age 73. If someone doesn't want to sell their bitcoin, that's not the move. Thanks for the follow up question. This is not financial advice!
This makes no sense. "tax sheltered ETF" isn't a thing. Specific account types can be tax sheltered. If your account isn't an IRA, 401k, or SEP, you're paying taxes on capital gains whether it's an ETF or self held.
I hold real Bitcoin in a Roth IRA and in a SEP IRA.