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/biz/ - Business & Finance

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57581516 No.57581516 [Reply] [Original]

I bought at 20k and feel like only idiots are buying now

I can't imagine the rich guys that bought a couple million back then and are sitting on tons on profit, there's no way we don't see a big dump soon.

>> No.57581541

>>57581516
I bought at similar levels and have similar portfolio value, I sort of feel the same but also, what do we buy? I dont wanna get raped with taxes just to rebuy if it crashes, and BTC allows me to basically live and go everywhere. I can weather a downturn, but yeah I wouldn't be surprised if we see a major one.

>> No.57581562

>>57581516
Most of the rich buys are playing the long game and they are used to buying low and selling new ATHs. Normies didn't buy 16-20k

>> No.57581578

>>57581541
what do you mean? I hold MSTR. If you hold btc you have to pay taxes on every purchase i think? and you cannot buy shit with it anyway its just useless 0's and 1's until you sell.

>>57581562
richfags buy otc and dump on big green dildos like this

>> No.57581607

>>57581578
No brother I meant selling to realize profits and having to pay capital gains tax, I hold spot and dont know any tax minimization strategies.

>> No.57581608
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57581608

>>57581516
747 million dollars is fucking nothing

>> No.57581629

>>57581516
>are sitting on tons on profit
Those already sol in the ETF correction you retard. This pumps is just people buying again in preparation of interest rates being cut this summer and the BTC halving event. This year we are breaking the ATH.

>> No.57581755

20% retraces are normal in a bull market.

What you should be doing is trying to BUY MORE once you see days like that, not trying to time the local bottom and sell while the trend is still up. Same exact thing how you should sell bounces during a bear market downtrend.