/biz/ - Business & Finance

>>26995339
This is how it always plays out. Just like how Elizabeth Warren's "solution" to wallstreet's fuck-ups was to prevent anyone with less than 25k in assets from being allowed to day-trade. Wallstreet fucks up, retail gets regulated instead. For your own good, goyim :^)

And for reference, this lizard-person-looking kike Gensler is the same person who basically said "every crypto besides BTC is an illegal, unregistered security"

>>26027654
It's probably true, but money gives you breathing space and opportunity, and gives you a better chance of pursuing happiness. So it sure as shit doesn't make you less happy.

I think a large part of that adage is based on the assumption that money = hard work, and that slaving away to earn more money isn't a good thing, because what is the point of money if you're making yourself miserable to earn it? But that doesn't apply to passive income and getting rich off flipping shitcoins.

>>25344883
I personally am not buying any BTC, because my BTC bags are already fully packed from march and april after the crash.

But you have to keep things in perspective. 29k may seem like a lot, but remember there's a halvening cycle. It's GOING to go up much further than this, to at least 100k minimum, during this cycle.
It's like buying BTC at 2k in late 2016 or early 2017. You may say it's ridiculous to buy it at that point when it's already a 2x from the previous ATH of the previous cycle, but buying at that "crazy high" point still resulted in about a 10x if you sold at next ATH of 20k

Point is, buying after BTC has broken past a previous cycle's ATH is historically a really good trade. Not as good as seeing this coming ahead of time and packing your bags BEFOREHAND, but still pretty good.