Fidelity to Allow Retirement Savers to Put Bitcoin in 401(k) Accounts

Discussion in 'Crypto Assets' started by johnarb, Apr 26, 2022.

  1. %%
    LOL\ you like rat poison\ bit con??
    It gets even stranger; NPR disclosed lately Fidelity gives them money+ now allows bit con in accounts, then noted bit coin down 29%past 52 weeks \LOL:D:D
     
    #21     Apr 27, 2022
  2. %%
    Fidelity, if one believes all the news\LOL allowed bitcon for thier cafe some time ago.
    WONDER how that works, with the good folks @ Fidelity ?? One hamburger for $37,000 bit con??
    Or do the good folks@ Fidelity write you an IOU for $30,000??
    In fairness to Fidelity they have good timing, sarcasm. Bitcon is going down more on 6 month chart than 12 month chart.............:D:D
     
    #22     Apr 27, 2022
    johnarb likes this.
  3. savoir

    savoir

    No, dude, I have no special sources. The same as you, dude.

    It ain’t too hard to see what’s going on, dood. It’s called thinking. Didn’t need the hat for this one. I save the tin foil for the tough ones.
     
    #23     Apr 27, 2022
  4. "thinking" is way different than the unfounded conspiracy you just accused Fidelity of
     
    #24     Apr 27, 2022
  5. johnarb

    johnarb

    The way it works is if you bought 1 bitcoin for $10 and stored in your wallet and then spent it on a hamburger, you were supposed to buy the 1 bitcoin or more on your next paycheck when bitcoin was still around $10 each

    The guy who spent 10,000 bitcoins on 2 pizzas is still doing well. Most likely still sitting on hundreds if not thousands of bitcoins

    The people who missed out are the ones that never bought bitcoins when it was lower in price :D
     
    #25     Apr 27, 2022
    murray t turtle likes this.
  6. savoir

    savoir

    What do you mean “conspiracy”? Something criminal? I’m not accusing anyone of conspiring to do any wrongdoing, legal or illegal.

    These are very smart people working in a protective corporate setting who make a lot of money to come up with new financial products. In a highly regulated industry, getting the regulator to sign off on the product is the most important part of the game.

    I spent a big part of my life in structured finance moving boxes around and creating financial/tax products. Let’s just say I know how the sausage is made.
     
    #26     Apr 27, 2022
    murray t turtle likes this.
  7. %%
    OK;
    i did think about flying into Fidelity cafe/ but toooooo far away.
    I missed out on US 1907 + 1930s silver coins but paid up on a set\ i'm not that old\LOL:D:D
     
    #27     Apr 29, 2022
    johnarb likes this.