And remember, it's not a gain until you've sold it and paid your taxes.
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Any speculative bubble (i.e. no value created) is money redistribution from those who buy late to those who bought early and sell around the peak. If you're hearing about it in the news, we're near the peak, and your gain expectation is negative...
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Can't tell if this is a comment about bitcoin or the adtech industrial complex
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News is always damn slow !!
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Unless one masters the math like Prof. Didier Sornette, (c’est son vrai nom SDEP) peaks are awfully difficult to predict with any degree of accuracy.
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Anyone that “masters the math” of a bubble would be more accurately described as “lucky”
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More important re: BTC is the question of "what exactly is it good for?" Its creators and proponents obvs have little (or no) understanding of currency as an intermediary good facilitating transactions. A currency that is just traded on bespoke platforms is a strange beast.
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You don't need to use a particular platform to give or receive bitcoins, you just need a software to write into the blockchain. Everybody can do that from any computer. Platforms are just there to ease the process.
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This line of reasoning is exactly how bubbles are created and inflated
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