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I have a special case IRA I can liquidate with no tax implications(over 250,000 invested), right now my options are

  • Dump the entire thing and cash out the money that's left. The thing has been hemorhaging money, and at least for now Biden has not made new rules to screw me over. This would allw me flexibility for now to buy choice items I need for later, even if i have no retirement savings

  • Keep it in the account and traded, risk losing a lot of money, BUT it could always go up later. Based off the massive implosion of the economy i find this one very hard to believe.

  • Divert the funds to something else like an MMA or cash account, lose the potential gains later, and ride out the market. Re invest later on and see what happens. This is really just option 2 with different instruments used

I have a special case IRA I can liquidate with no tax implications(over 250,000 invested), right now my options are * Dump the entire thing and cash out the money that's left. The thing has been hemorhaging money, and at least for now Biden has not made new rules to screw me over. This would allw me flexibility for now to buy choice items I need for later, even if i have no retirement savings * Keep it in the account and traded, risk losing a lot of money, BUT it could always go up later. Based off the massive implosion of the economy i find this one very hard to believe. * Divert the funds to something else like an MMA or cash account, lose the potential gains later, and ride out the market. Re invest later on and see what happens. This is really just option 2 with different instruments used

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[–] • 0 pt

Bitcoin is less reliant on a stable internet than your three suggestions.

Bitcoin requires the internet to make transactions, but you can easily go years between transactions.

Keep it in the account and traded, risk losing a lot of money, BUT it could always go up later.

Keeping it in your IRA requires that the economy still keep functioning, which means that stable internet is required.

Divert the funds to something else like an MMA or cash account

Your MMA or cash account require that the economy still keep functioning, which means that stable internet is required.

Dump the entire thing and cash out the money that's left.

Pulling it out into physical cash means that hyper inflation would obliterate any value. Again, stable internet is required.

You need to think more and knee-jerk less. You hate Bitcoin because you think that you missed the boat. Sure, you're not going to get 100,000x results, but you can still get 10x. The fact that you talk about "crypto" instead of Bitcoin reveals your ignorance. Only Bitcoin is the real deal, the other coins are scams. Get control of your emotions and do you research.

P.S. A total collapse isn't coming. Poverty for the masses, yes, but not a total collapse.