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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...
And remember, it's not a gain until you've sold it and paid your taxes.
true... but, if this refers to Bitcoin, it's all time high now, meaning everyone that bought before today (including last bubble) profited if they held to it. What ppl get wrong is buying more than they afford to hold for a long time.
99.9999% of the people who are buying Bitcoin have no idea how it works. It is simply speculation. Most hodlers simply repeats "USD is fiat so buy BTC".
Also remember to have some fun teaching a model to smack that BUY button.
Tax is theft and I can prove it
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