Crypto Superannuation

[hawkeye1]

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.

 

[mmm....shiney!]

I PM’d ya.

 

[BuggedOut]

It's a good question.

Do share?

 

[OZZIE_STACKER]

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.

 

[Midastouchofgold]

 

[Ipv6Ready]

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?

 

[mmm....shiney!]

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?

Haven’t you seen all the YouTube vids posted on this forum?

 

[Ipv6Ready]

Haven’t you seen all the YouTube vids posted on this forum?

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

 

[mmm....shiney!]

Martin North has an address and he has some of the worst advice on record

 

[mmm....shiney!]

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

 

[ParanoidAndroid]

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

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.

 

[BuggedOut]

Martin North has an address and he has some of the worst advice on record

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?

 

[mmm....shiney!]

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?

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.

 

[BuggedOut]

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

 

[mmm....shiney!]

At times like these it helps to be an insider

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

 

[BuggedOut]

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

 

[mmm....shiney!]

I just don't trust a word that comes out of his mouth.

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

 

[TreasureHunter]

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

 

[Skyblues]

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

 

[TreasureHunter]

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.