Message from @Saxon
Discord ID: 442310505500114944
I have my dad trading rn
Hes had a few downs but mostly positive gains
Is he a Boomer?
I've been trying to get my dad into it
Had to stress not to freak if it drops low
Lolol no
He stuck in stocks lol
Nah hes great in stocks
But he doesnt short
Coins are vasically all short unless you are playing the real long game
And pray to god the coin skyrockets
You basically have to play the longterm game imo
Taxes are a mofo without doing so.
>not funnelling the money <:smug:402400327313391616>
The economy is always going to go up but the question is if there is a better move for your money
You can invest in an index fund like the SP 500 and just leave your money in there and make more
But something more risky like crypto is where you make 200% or even 20000% gains
Fuck you 217k I'm jealous af
It's far less risky if you just buy in really low and be patient.
Guess how much ive made personally in crypto
Anyone could've bought that and held.
143 dollars
Ive probably made other people make thousands though
Yeah all of the "I could've made!!.." stories tend to haunt me lol
I used to mine Monero when it was $1. And BTC when it was 300$
I know for a fact from what i did with my aunt she ended up making 70k in a year though
She pulled out of most by now
I think we could go really big this time. 50k+ BTC or more.
I remember i came over when the crash was happening and all i said was to not sell anything
Imagine sperg selling all ur shit when it dips <:GWfroggerHyperXD:399972553524903938>
Yeah it's funny but tons of people do it.
Thats literally why the big dips happen
Literal reddit tier coiners
And the chinks have algorithms to just sell all their shit and buy back
The problem for me is, I was going to sell at 860$ while it was crashing but I didn't.
And the reason is that it would no longer be considered a longterm capital gain if I did.
I could've sold all of that, then bought back in at 360$
But then the gov would take 50% in taxes.
It's ridiculous
50% <:lmaoJUST:402622080719519744>