😮💨 some thoughts and painful lessons:
I sold BTC over the course of an entire year at 98k and eth around 3800 i think. Even if I buy back everything today I made a pretty penny albeit a lot less than i have hoped for.
Current spot is extremely uncomfortable still with seeing crypto pop while being severly underexposed. Probably first time this happend to me in the 9 years I am in crypto now.
Nevertheless I still prefer that spot compared to roundtrip and afterall this kinda is my job and I have a pretty good pain tolerance.
However I also pay zero tax legally.
So let's entertain the thought you played this as well as i did last cycle but your tax on crypto is around 20% which isnt unreasonable for most people I guess.
If you would buy back BTC here you would be breakeven and basically sat out a potential 75% drawdown. For ETH looks slightly better where you could buy back 10-20% more today.
For those priviledges though you had to pay w a lot of stress
Honestly makes you question if you don't just want to baghold majors (as a tax slave), suck it up and avoid a lot of headache?!
just me rambling
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#teamstone Crypto Corner 🥸🥸🥸 this is just strong no matter how you look at this we had a rate hike and clarity fail and it barely went below the range and instantly recovered gonna twap another 15% of cash into btc and eth over the weekend bc i still feel a bit underexposed given…