That's exactly like my husband - "We made $30,000 today!" but no mention of days when stock went down or stayed the same. The gains were, of course, only on paper. My only slight upside is half the 100s of 1000s of Long Term Capital Loss in the divorce, so a $3,000 income tax deduction each year. 😏
I’ve changed mindset, for me, bitcoin isn’t investing, it’s opting out of debasement permanently. I won’t be selling bitcoin for the failing dollar, it’s not going to stop failing unless the govt’s of the world stop pulling the levers to print and debase (hint, they can’t stop or it’ll collapse).
Just thought of something. Not arguing, I’m just curious. You’re not going to sell your Bitcoin for the falling dollar. What are you going to do with it? There are currently few places that accept Bitcoin as payment. You must have some actual dollars just for things like groceries, gas, etc.
The app keeps track of everything and spits a tax form out for your cap/ gains/losses over time. It’s very easy to live on a Bitcoin standard.
Whatever works for you my friend. All the best.
It’s pretty incredible, thanks.
There are apps that let you spend seamlessly along side your local currency. Strike App, Cashapp. I’ll spend it for the things I need, but yeah, sell for “profit”? No. This assumes I didn’t just lose my keys in a boating accident… so sad.
I don’t understand it so I can’t debate about it in a meaningful way. That said. Nobody’s forced to keep the “falling dollar”. I’m Canadian so it’s a bit different. But one could simply buy gold and your out of the currency business.
Yep, fairly stable. www.ceicdata.com/en/indicator...