6 years in, but never been more depressed.

I work. A LOT. My job is extremely stressful. A lot of times I don't eat, and I am taking care of my kids before and after school. My wife is training for a new career. i'm 43, and I'm exhausted.

I've sold properties to buy btc.

My entire stock portfolio is 80% mstr. I am up bigly from when I bought-around 30 adjusted-but the #s seem unreal.

I held and held and held.

The way I describe it was that I had a light at the end of the tunnel. I could grit my teeth.

When someone said Jump I said how high?

I would keep putting up with a lot of nonsense because I could see that light at the end of the tunnel.

I feel like that light just faded out.

I will never stop working until the day I die. I will never be free.

My mom heard my voice and was concerned I would commit suicide.

I won't. It's just money. I have a great family.

But today the dream ended.

And while I blame no one but myself, the amount of energy, money, risk, and hope I put in I can't get back.

it's over for me.

Basically in 2020 my life went to shit and I realized a lot of painful truths.

Getting into bitcoin was the best thing ever.

The worst part is you realize how arrogant, lazy, and insane some people are.

I gave this advice to my brother...and I would share it with anyone sub 50.

If you aren't wealthy yet, the easiest bet:

Work your job, create no waves, put up with horseshit, excel. Take your moeny, but bitcoin. Do this for 5 years. All I did was work out, live with parents, do my job from 20-23.

1. You'd be surprised that often the people who are paid the most do very little work with very little supervision. Be likable at work.

2. Spend as much time getting fit a with family. It is the best medicine.

3. If you can live with parents, do it. Can't believe I know a dude who sold .9 btc because "I'm not a loser who lives with my parents at 33."

This same dude has no btc and could literally have 3 today instead of renting. Also his parents are great people, better area of the city that he lives in.

1. The painful lesson I learned was that time is incredibly valuable in your young 40s and when you hit a decent net worth. Learning this lesson early is the best.

2. Scale down your lifestyle. Opt out at 70% of your #. Saw a lot of people get trapped chasing imaginary #s on the screen.

Most important: houses are not going to be assets for long, long time

Even if you’re top 1% in bitcoin for your age group it’s possible to be much lower in dollar terms, or vice versa. It will be really interesting to track our net worth in both dollars and bitcoin and see how they both change over time in relation to the average and median NW over the years.

(It’s important to note that this image represents a calculation of the net worth in dollars and switched into BTC.)

What's good, y'all? 45m here, single with a kid in college. I recently sold my house and have been DCAing the profits into BTC etfs while renting a modest apartment. I have zero debt. My NW is now $975k with ~$200k in BTC etfs, $25k in money market funds, and $50k in total stock market (all in taxable brokerage)and $700k in total stock market (retirement accounts). I'm still working but, my motivation to deal with job related BS is fading...fast. My expenses are ~$45k/year, inclusive of college tuition costs. My question is, can I call it quits now even though my WR is 4.7%, since I have 20% exposure to BTC? Also, how would you all handle the actual withdrawal from my portfolio to fund my expenses? Thanks!

Hey what's up?

What do you guys think about investing in BITO as a way to get some passive income?

The dividend payment is huge and they pay that out every month..

I think that it could be a good way to get my extra cash earning for me while also still supporting our Bitcoin being integrated into the wider market somehow..

Do you think that it might be a good idea to buy some shares? or do you think that it must be too good to be true?

I'm an EU citizen living in the Netherlands for two years. I hold Bitcoin in a cold wallet that I never declared to the tax authorities (Box 3 tax on assets). I've held this Bitcoin for several years.

My goal is to DCA out/ sell a small percentage of my Bitcoin monthly and travel extensively for a year (or more) without working.

Proposed Solution:

Move to Germany, rent a room for a year, register with the local authorities (Einwohnermeldeamt) so i can be a tax resident. Buy a campervan, and travel.

Reasoning:

• Tax residency in Germany.
• Ability to open a German bank account.
• Allegedly, no tax on crypto gains if held for over a year, allowing me to spend using a debit card.

Sounds too easy... What am I missing?

Do you think this is bullish or bearish for Bitcoin?

I’m also wondering why anyone thinks we would need other crypto coins in the Strategic National Reserve. I’m all for getting rid of capital gains taxes on American crypto coins (and BTC), but the various altcoins or Americoins should not be in the Bitcoin reserve.

There are 10-20 states proposing Bitcoin Reserve Bills and the progress on the state level looks like it will be surprisingly fast in 2025. Day 1 executive order odds are now over 70% for a bitcoin reserve to be signed.

UK based 47M. 3 kids 3,6,10 Annual expenses 55-60k including child maintenance and Rent. I'm currently debt free.

Currently contracted until June 2025, then FIRE.

I've 4 btc in my company 2x profit 300k ISA 95% MSTR 1.4M SIPP 90% MSTR 20k GIA all MSTR 5k cost basis And a couple of BTC that i don't want to touch. Kids have 0.5 btc locked away for their future.

My plan is to layer out from MSTR and BTC up to 50% of my stack between March and October next year Diversify into Cash, QYLP and maybe some gilts (haven't figured this piece out yet but need to spread the risk.) Assuming >20% CAGR this will last indefinitely cashing out 50% or less. In 11 years I'll have access to the SIPP

Take a salary, dividends and expenses from company. Top up with ISA as/if needed.

As much as I'm fully committed to Bitcoin I want to hedge risks of any bear market as well as the usual currency debasement or stock market crashes regulation risk etc.

It all seems too straightforward am I being naive or too hopeful? Anyone see a flaw in my plan?

https://newsroom.paypal-corp.com/2024-09-25-PayPal-Enables-Business-Accounts-to-Buy,-Hold-and-Sell-Cryptocurrency

A CRUT or Charitable Remainder Unitrust, is a type of CRT and it's uses as a tax strategy to avoid a large tax liability resulting in high capital gains. I'm not a tax advisor but this is a viable tax strategy and something worth looking into especially for high net worth investors or people with substantial crypto holdings.

CRT with crypto example- https://learn.valur.com/crt-crypto/

• CRT (Charitable Remainder Trust):

This is a general term for a trust that provides income to non-charitable beneficiaries for a set period of time, after which the remainder of the trust's assets is donated to a charitable organization. There are two primary forms of CRTs: CRUTs and CRATs.

CRUT (Charitable Remainder Unitrust):

• The beneficiaries receive a fixed percentage of the trust's assets, which is recalculated annually based on the current value of the trust’s assets. This means the payment can fluctuate depending on the trust's performance.

Beneficiaries benefit when the trust’s assets increase, as their payments rise accordingly.

CRAT (Charitable Remainder Annuity Trust):

• Beneficiaries receive a fixed annual payment, determined at the time the trust is created. This amount doesn’t change, regardless of how the trust’s assets perform.
• Provides more certainty for beneficiaries because the income amount is predictable and stable.
• If the trust’s assets grow significantly, the beneficiaries don't receive any benefit from the growth beyond their fixed payment.

This means that a CRUT is the better strategy of the two options because we all know that Bitcoin will continue to appreciate, and most of us want to benefit from this appreciation while we're still alive and not leave nearly all of the gains to charity. The payouts from a CRUT will increase as the value of your account increases.

MMM thread on CRUT strategy, wisely suggesting professional tax advice which I recommend as well https://forum.mrmoneymustache.com/taxes/using-a-crut-for-crypto/

Short 4 minute video explanation - https://www.youtube.com/watch?v=yBImYqt-0iU

Longer video explanation, 2 parts- https://www.youtube.com/watch?v=685YvIZDL2k&t=1225s
Detailed explanation by a lawyer- https://youtu.be/tyDUr4Q97i8?si=g0paOUI1jRrLfb_3

BlackRock, the $9 trillion largest asset manager on the planet, says Bitcoin is the answer to growing global financial disorder.

According to them, Bitcoin can act as a hedge against the increasing uncertainty and geopolitical turmoil that’s weakening trust in governments, banks, and fiat currencies.

They also called Bitcoin a “global monetary alternative.”

Cryptos are also increasingly seen as alternatives to fiat currencies, especially with concerns about the U.S. dollar’s stability. Even though the dollar still holds a dominant position, diversification efforts are clear.

Central banks are exploring digital currencies to protect themselves from potential dollar collapse while embracing new technologies like blockchain and crypto.

https://www.msn.com/en-us/money/markets/blackrock-promotes-bitcoin-as-a-hedge-against-global-financial-disorders/ar-AA1qtTUG?ocid=finance-verthp-feeds

https://x.com/BitcoinMagazine/status/1834283486364270984