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Version 2
Last scraped
Edited on 04/10/2025, 18:18:06 UTC
My situation is that I also have IBIT/FBTC.
The story was that I bought GBTC in 2019/2020 in IRAs and Roth (the date is to the best of my recollection, maybe even early 2018) when btc was at $8-10K.
Later on, I exchanged it to IBIT/FBTC at par when everyone was screaming about how GBTC is going down the drain.
Now, it is quite a bit of $$ equivalent and about half is in Roth, hence no taxes on sale and withdrawal.
It is possible that I would shave some portion of this anywhere between 180 and 200K/btc (150K is too low).
I don't plan on selling any bitcoin...I am thinking similar to @Searing-trusts, legacy, etc.
@Biodom - Well, thank you! I am glad to know that you - an OG 'Legendary' member here - also has spot Bitcoin ETFs like I do!
I don't see some of the OGs here dishing out their shit talk on you...
And Biodom, you appear to be an experienced, seasoned investor too with probably multiple brokerage and tax-deferred retirement accounts for your IRAs and Roth! Nice!
Version 1
Scraped on 04/10/2025, 17:53:20 UTC
My situation is that I also have IBIT/FBTC.
The story was that I bought GBTC in 2019/2020 in IRAs and Roth (the date is to the best of my recollection, maybe even early 2018) when btc was at $8-10K.
Later on, I exchanged it to IBIT/FBTC at par when everyone was screaming about how GBTC is going down the drain.
Now, it is quite a bit of $$ equivalent and about half is in Roth, hence no taxes on sale and withdrawal.
It is possible that I would shave some portion of this anywhere between 180 and 200K/btc (150K is too low).
I don't plan on selling any bitcoin...I am thinking similar to @Searing-trusts, legacy, etc.
@Biodom - Well, thank you! I am glad to know that you - an OG 'Legendary' member here - also has spot Bitcoin ETFs like
I don't see some of the OGs here dishing out their shit talk on you...
Original archived Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Scraped on 04/10/2025, 17:47:40 UTC
My situation is that I also have IBIT/FBTC.
The story was that I bought GBTC in 2019/2020 in IRAs and Roth (the date is to the best of my recollection, maybe even early 2018) when btc was at $8-10K.
Later on, I exchanged it to IBIT/FBTC at par when everyone was screaming about how GBTC is going down the drain.
Now, it is quite a bit of $$ equivalent and about half is in Roth, hence no taxes on sale and withdrawal.
It is possible that I would shave some portion of this anywhere between 180 and 200K/btc (150K is too low).
I don't plan on selling any bitcoin...I am thinking similar to @Searing-trusts, legacy, etc.
@Biodom - Well, thank you! I am glad to know that you - an OG 'Legendary' member here also has spot Bitcoin ETFs like me!
I don't see some of the OGs here dishing out their shit talk on you...