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Quoted from BMore-Pinball:also buy Bitcoin cause maybe Biden
Buy BTC no matter who wins! Keep stacking sats!!
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Quoted from Isochronic_Frost:Lol buy bitcoin now? It’s 13.7k! A Biden win would begin the government regulation of bitcoin. The IRS already said it’s taxable, which is the entire opposite of the entire purpose of cryptocurrency.
If you can, get into ETH, the technology is groundbreaking and as smart contracts evolve the utility with become more worldly.
If Bitcoin is the “gold” of crypto, ETH would be the paper currency.
BTC entire purpose is to protect yourself & your wealth from an ever printing FED, causing inflation & melting away your capital & buying power.
That’s what people said when it went to: $1, $10, $100, $1,000, $10,000. You get the point. FYI it can’t be regulated, it’s decentralized, & way too big now! But, gains can & will be taxed once pulled from “cold storage” & placed into your checking account. As they should be.
ETH has a lot of problems, they keep delaying 2.0. Now Cardano/$ADA has a bright future & is basically a penny stock at $.10 a token.
Happy trading!
Quoted from Isochronic_Frost:I’ve been HODLing ₿ (Bitcoin) for a long time, but I just caution people because, even though I believe it will be a long term winner, FOMOing in will probably screw you hard. The past week along its fluctuated over a thousand dollars up and down each day. If you invest at 13.9 this morning you lost almost $800 in less than 12 hours.
It’s a tough game to play. Also it inevitably ramps up and corrects harshly.
And being decentralized and allegedly regulation-proof, the entire point was to avoid arbitrary taxes and the like.
I hear yeah! I just HODL for the most part. I’m really looking forward to the next 18 months though! Things are going be interesting!
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