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Friday, 07/12/2019 6:39:09 PM

Friday, July 12, 2019 6:39:09 PM

Post# of 36149
Anybody trading crypto in a self-directed IRA? That appeals to me. Having various governments take a third of our profits (should we have any) does not. We watch the paint dry on XRP and a dozen other coins, agonize over our entry points and exit strategies on a daily basis, fuss with all the paperwork, and then some ne'er-do-wells are going to waltz in and take a big chunk of that? The idea makes me sick to my stomach. Right now, all I can trade in an IRA are the Grayscale trusts, some of which have steep premiums, especially the most recent Ethereum one (and pity the poor SOBs who have already lost 90% while it finds its fair price.)

Then again, without the ne'er-do-wells and their cr*p fiat currencies and budget deficits, would there be a market for cryptos? In the case of XRP, there might still be. Either way, 33.3% seems like a steep finder's fee, especially if I can avoid some of it, and do so legally.

My new goal in life is to be interviewed by Chantel Elloway. When that happens, my comments will be story, observation, opinion, maybe even enthusiasm. What I say will never be instructions on how you should risk your money. Same goes for these posts.

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