Crypto Superannuation

Discussion in 'Digital Currencies' started by hawkeye1, Mar 3, 2021.

  1. hawkeye1

    hawkeye1 Active Member

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    I'm looking to put some my superannuation in Bitcoin. I know, should have done this a long time ago, but better late than never, hey?

    I'm really not that up on superannuation beyond the average person. So not sure if it requires SMSF or if their is a fund that does it or what?

    Any info or links to info would be very much appreciated.
     
  2. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    I PM’d ya.
     
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  3. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    It's a good question.

    Do share?
     
  4. OZZIE_STACKER

    OZZIE_STACKER Member

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    I setup a SMSF late last year through here - https://www.esuperfund.com.au/

    Easy enough to do just a bit of paperwork to work through. Once everything was setup and my super balance was transferred to my SMSF bank account it was just a matter of making another Coinspot account for the SMSF and transferring funds to the exchange.
     
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  5. Midastouchofgold

    Midastouchofgold Active Member Silver Stacker

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  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Surely NO ONE is taking superannuation advice let alone any kind of financial advice from an outfit that doesnt have a physical address on their website?
     
  7. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    Haven’t you seen all the YouTube vids posted on this forum? :p
     
  8. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Yes but at least YT gurus do say "We are not Licensed Financial advisers yada yada" :)

    Nor do they ask viewers to contact them so they can SCAM them
     
  9. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    Martin North has an address and he has some of the worst advice on record
     
  10. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    And when does Peter Schiff ever tweet “this is not financial advice”?
     
  11. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    I'm pretty sure once you've purchased your Bitcoin you don't need to leave it on that place of no physical address. Just lock it away in cold storage.

    At least that's what I would presume.
     
  12. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Really? I thought he was pretty risk averse and just very....very....dour. He is more a provider of commentary than advice.
    Got any examples to share?
     
  13. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    He's been making that same call for years and has been wrong for years. Poor suckers who took his advice, yes some would just call it commentary, but when people act upon his commentary they are making financial decisions.
     
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  14. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Fair enough.

    He's just making the same mistake many other alt-commentators make (like Peter Schiff) and underestimating the level of market intervention and stimulus that governments and bankers are prepared to make to keep the shell game going.

    I doubt that the housing market would have roared back to life if it wasn't for the Home Builder grants....which was probably announced just *after* this interview.

    At times like these it helps to be an insider ;)
     
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  15. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    That’s why I listen to Philip Lowe, when the RBA goes guarantor for its banking mates then assets inflate.
     
  16. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    That makes sense. I just don't trust a word that comes out of his mouth.
     
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  17. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    Yeh, I just run with what he says until he says something different.
     
  18. TreasureHunter

    TreasureHunter Well-Known Member

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    A very interesting video about the size/potential of the BTC market:

     
  19. Skyblues

    Skyblues Member

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    Looks like esuperfund has stood the test of time...Any actual experiences with it? Are there any better alternatives?
     
  20. TreasureHunter

    TreasureHunter Well-Known Member

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    I believe Peter Schiff is right. One day Bitcoin can simply go to zero.

    It's held up by the number of people who jump on it and hope it grows. MLM-type pyramid.
     
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