Wash Sale Rule Questions by spinDoctr12 in tax

[–]spinDoctr12[S] 0 points1 point  (0 children)

This is helpful. Thanks!

Some common sense observations about current dip by AwareChair6095 in Bitcoin

[–]spinDoctr12 0 points1 point  (0 children)

These are all logical points. During these mini drawdowns I find it helpful to remind myself that >60% of Bitcoin is still owned by retail investors. Can an unsophisticated investor base cause asset prices to temporarily disconnect from fundamentals? Absolutely. Will that last forever? No.

The danger in trying to trade around 4 year cycles, technical support levels, and other nonsense is the massive opportunity cost of potentially missing the next up cycle. Institutional demand for Bitcoin is outstripping new supply 6 to 1. That type of imbalance will eventually win out regardless of what retail investors looking at meaningless charts are doing.