They will only talk about the price. They will not talk about the importance of decentralization or the Brave New World that's being built.
On NPR at the top of the hour they do a brief summary of the news at the end of which they always mention the Dow, NASDAQ, and S&P 500. When they start mentioning Bitcoin’s price every day, get ready for the cycle’s peak. 😁
Don't forget, you haven't made that money until a year of bear market has passed and you can buy back in safely. USD is garbage. If you are holding USD you are doing it wrong.
Yeah, this is a problem for the GBTC in my retirement account. Even if I manage to sell most of it near the peak, where to park the funds for a year or so?
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I'm thinking of 'parking' it in Anchor Protocol on Terra - it gives 19-21% APR on UST, so UST will add up over a year. Even if USD gets into trouble you'll have that 19% APR to protect against it.
But am just thinking about it and also searching for even better ways to park the profits of this year.
Unfortunately, not an option in my retirement account. Stocks, bonds, cash, mutual funds, and Exchange Traded Funds are the only real options the way my account is structured. But at least everything in it is shielded from taxes until I have to start withdrawing from it when I turn 72.
Yes, I understand the challenge. I sort of 'skipped' over the 'old school' retirement account and thought in terms of crypto. I can't even imagine ever owning a EUR retirement account :D
Still, thinking about parking some of your HIVE earnings might be a good idea too. Buying back in a year or so.
Yeah, HBD earning 10% for at least a part of it.
This is a retirement account so I doubt he has access to these things.
Correct me if I'm wrong I'm quite curious.
Nope you were right, I'm just so focused on the 'parking problem' that I jumped ahead to Terra :D
Yikes yeah... I'd say bonds but really nothing is safe.