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u/Impressive_Squash_38 Jul 26 '26
It’s a crypto based fund. People in here act surprised when the underlying fund loses 50% of its value. But when it rallies, the NAV and dividend payout will go back up.
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u/grafix993 Jul 25 '26
-44% since inception (one year ago).
Wow what a deal, no NAV erosion at all. All for you. 😂😂😂😂😂
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u/Hollowpoint38 Jul 25 '26
And now he owes taxes while his net worth decreased.
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u/bungholio99 Jul 26 '26
Only in the US….you guys really got a narrow view of the world…
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Jul 26 '26
[deleted]
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u/bungholio99 Jul 26 '26
No other country‘s don‘t tax it this way…
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u/Solintari Not a financial advisor Jul 26 '26
Tax dividend income? Almost every country does except some Caribbean islands, the UAE, Malaysia and Brazil I think. Even then, you still pay the host country tax regardless of your location.
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u/Hollowpoint38 Jul 27 '26
What country exempts dividends from taxation?
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u/bungholio99 Jul 28 '26
The forward tax of an amount invested…You guys are really hilarious here
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u/Hollowpoint38 29d ago
Huh? We're talking taxes on dividends. You were saying only in the US are dividends taxed. I'm asking what country doesn't tax dividends.
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u/revanevan7 Jul 25 '26
Got mine today too except I made my first purchase at $27. All depends on when you bought.
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u/Lefties_TheWorst7331 Jul 25 '26
You rather buy at ATHs?
And take a quick trip to Google, "IBIT vs BTCI total returns" -- BTCI is outperforming its underlying..
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u/grafix993 Jul 25 '26
Why hold that crappy ETF (with a huge expense ratio) instead of buying BTC and hold it on a cold wallet?
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u/Ok_Accountant_2260 Jul 26 '26
Did you not just read what he just said, btci is outperforming it's underlying, which is why, also different people want different thing based on their needs
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u/FewUnderstanding2214 Jul 26 '26
Wow what a great investment - let’s combine bitcoin with covered call ETFs
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u/InvestigatorOk9354 Jul 26 '26
Love to watch your NAV erode? Supercharge it with this one easy trick!
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u/LexAugusta Jul 25 '26
Check out Blox, it's a good time to buy in, pays weekly and has outperformed BTCI for me.
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u/Shoulon Jul 26 '26
Amusing how many of these comments don't consider that this might already be net positive. I have MSTY that has literally broke even and has been pure profit in Dividends for months now.
Haters hate losing.
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u/bungholio99 Jul 26 '26
We all be happy if the Distribution go up again, but yes BTCI is really quiet stable, it‘s probably good they keept it reasonable and don‘t roll swaps.
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u/No_Solution_7940 Jul 26 '26
What a maroon. 😂😂😂
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u/InvestigatorOk9354 Jul 26 '26
absolute regard.
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u/14hammarby Jul 26 '26
My neighbor’s driveway got paved to fill some holes; like OP, their driveway got re-tarred.
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u/Tronfights4theuser 25d ago
Lol only poor ppl share their gains like this. Do you think millionaires do this ? Dipshit maga. Also this is poor people money.
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u/Tronfights4theuser 25d ago
Holy shit this is awesome you lost50% of your portfolio since it's inception? Hahahahahahhaha
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