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Quote from: Biodom on April 02, 2025, 11:04:38 PM

OK, got to wait another 10-20 days to finish my MARA DCA.

It is the fast horse in a three horse race between bitcoin, MSTR and MARA, imho.
MARA should 10X if bitcoin 2-2.5X.
I invested and plan to invest a small amount, thou, just to see if my reading of the situation is correct.

It is not a race.

Those shitcoins are derivatives of bitcoin.

Sure, they may well outperform bitcoin, but they are based on bitcoin. If bitcoin did not exist, then those leverages on bitcoin would not exist, either.

So there could not be a race, even though purportedly, you are putting them into your investment portfolio based on such a framing of a supposed race/competition.

These are stocks. So, in you mind stocks are s-tcoins?
Yes, you can call them derivatives, sure, similarly how bitcoin options or futures are the derivatives of bitcoin.
Strictly speaking, ETFs are also kind of derivatives because they are based on bitcoin, but not bitcoin themselves.
If in any doubt, ask your ETF provider to give you back bitcoin in lieu of your bitcoin ETF stock and see what happens...nothing.

Basically, I am treating MARA as a bitcoin option that would never expire (as long as company does not go bankrupt).
Accordingly, I am investing relatively small sums..for kicks, giggles and, perhaps, an extra return that I could spend.

Sure, I could roll my 401k into some other kind of a service provider, yet I kind of like my current 401k, even though it is limited in what is available.

Well, here is this new possibility:

https://www.fidelity.com/crypto/retirement-ira
I wouldn't do it because ETFs have 0.25% fees and fidelity claims that it would "only charge" you a 1% spread on your orders.
1% on 10K order is $100- a pretty nice 'gig' for them, but not for anybody else, but...if a single buy and hodl, maybe OK.
I assume that there is no transfer to the outside wallets yet.

It would probably take quite a bit for me to be inspired to roll over my 401k into some other product, and right now they are largely just in various kinds of index funds that are available through my current provider.... and I also do get some income off of them in the past several years...and probably even increasing my level of income from them in recent times too..

But, yeah, there could be some product(s) that might allow me to get supplemental income off of my bitcoin in ways that are other than my current way of doing it. I am not opposed to employing more ways to get more income off of my bitcoin.

In the Fidelity product that you mention, sure, the fees appear low, but then there is the spread and there is also the ways that the various funds batch their transaction in ways that they likely are stealing other fees from their users too.. and/or trading off of their users.

Regarding "in-kind" redemptions, I know that there had been some proposals for "in-kind" BTC redemptions for ETF products, yet there were also restrictions in regards to qualified funds being able to do that, and not "in-kind" redemptions that were necessarily going to be available at the retail level...and yeah, of course, there are frequently ways that the BIGGER financial players/products continue to screw (get fees) out of retail..and/or to control/restrict retail from being able to accomplish certain kinds of movement and/or self-sovereignty over their investments (bitcoin in this case).