After such a glorious run up, one should expect the market to moderate a bit here — perhaps even plunge just about the time when everyone else gets back in. As you know, I did buy RIOT this morning, basically due to my unchecked greed. But I also sold BITA for a 10% win and still own a great deal of rapidly declining inverse ETFs.
Why, I could imagine the glory now — seeing the market reverse and decapitate all of the late comers, while I nosh on a vegan snack of my choosing, profiting handsomely and terrifically in my ETFs that are designed to lose money.
Heck, I deserve the wins, me being the benevolent kind hearted person that I am.
Some of you, on the other hand, are awful people and deserve nothing other than the black flag. As God is my witness, I will pray for your extinction.
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Vix too the moon.
Agree on taking some off the table. We had a solid technical bounce, but the machines aren’t done chopping heads off this year.
Lots of stuff (banks in particular) failing at resistance. Breadth drying up too.
Banks have overshot to the upside. I can prove it.
Truth is–we aren’t done going up until the machines/algos say so. Kind of feels like 2007-08 when the market kept rising in the face of obvious evidence of the credit crunch/crash, until it didn’t.
Not suggesting that we are in for a 2008-type situation, but the point is the market doesn’t always have rhyme or reason. That said, I’m positioning my portfolio more conservatively this year than last with the expectation that it won’t be smooth-sailing on the whole. When rising interest rates, inflation, and/or Fed balance sheet tapering starts to have a sustained impact on stock prices–I have no idea. But it will eventually.
The macroeconomic situation was much worse in 2007-08, although rising oil prices and rissing mortgage rates sound familiar…
Attn: CryptoPricks
Think you’re going to cash out your $$$$ and then go to another country? Best hurry. Over $50k in taxes owed, and your passport app can be denied and you get to stay here.
Revocation or Denial of Passport in Case of Certain Unpaid Taxes
https://www.irs.gov/businesses/small-businesses-self-employed/revocation-or-denial-of-passport-in-case-of-certain-unpaid-taxes
How will they know there are unpaid crypto taxes?
If you move a large sum from an exchange into Fiat at your bank.. they’ll know. And now it’s up to you to explain how you came into a random $1M.
Some of these exchanges are being asked to provide customer details and who knows if Coinbase or the others will send out a 1099. I assume if they want to stay in business, they’ll conform.
SSC needs to trade Up because God decrees it.
No more free Exodus??
I read a disturbing thing on the Internet today. A doctor wanted to know how long a man would be conscious after he was guillotined. So, he asked a man about to be guillotined if he would try to continuously blink until he could no longer blink. After he his was lopped off, he continued to blink for 30 seconds. The end. Go about your day..
fake news. carry on.
https://tinyurl.com/y95g3t7z
Well, if you read it on the internet, it’s probably true. Make sure to spread it around before you make any attempt to verify the story yoursef.
One of my best months ever. I’m scared.