This PSA brought to you by an "expert trader". Sell low, buy back higher, pay cap gains. 🤣
Discussion
Man I remember the days where Tone was all we had for podcast celebrities. Man, everything was so ratchet back then.
I remember Tone trying to "debate" with Roger Ver which was always such an absolute cringefest.
LOL these where the days where we would have to sit through some dimwit podcaster taking literal crazy people (like Andrew Desantis or Daniel Krawicz) or seriously.
I could have sworn nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8sprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqydhwumn8ghj7un9d3shjtnzd96xxmmfdecxzunt9e3k7mgpp4mhxue69uhkummn9ekx7mq9hxafw interviewed Desantis once. I cannot find it in any of the archives tho.
It gets even worse when he says he wasn't wrong by selling and potentially avoiding an unrealized loss? Sounds like he's just trying to maximize cap gains taxes.
To be fair to him, he trades from his retirement account so he does not pay cap gain taxes on his trades.
Ah i think that makes it even dumber actually. Trying to trade bitcoin to remove it's volatility in an account designated for long-term holding is super high time preference activity for what should be a low-time preference account. And we all know how bitcoin moves, often times unpredictably and in huge jumps. Trading in and out means you're much more likely to miss these moves.
On top of that, he trades iBIT so it’s all Fiat anyway. I think he should just be stacking sats but he probably didn’t stack enough for how early he was and he’s trying to make up for it by trading.
Oooph.
Yeah people that stacked enough aren’t out there trading in their retirement account, they’re retired somewhere nice 😂
The dude's just a trader, period. I totally understand the urge to play that game. I dabbled in lnmarkets for a bit. He's pretty good at it iirc; he understands risk. I'm sure his total positions are negligible compared to his stack.
Shit ain't for me though. I have real work to do.
This. His exit and entry prove he was dumber than the market. Moreover, he did this, pondered it, typed it, reread it, then hit send. At every point he said, "fuck yeah".
Exactly. There are so many layers to this shit sandwich it's unbelievable
I’m not advocating for his trading, I’m simply saying he was at least smart about the cap gains part. He should just be stacking sats.
nostr:nprofile1qqszrdqezqk63lqt4yzgftkfxjl4tdatea67akeezf8g6a0yj86p5hsppemhxue69uhkummn9ekx7mp0qyg8wumn8ghj7mn0wd68ytnddakj7qg3waehxw309ahx7um5wgh8w6twv5hs7hzcmq I'm glad somebody said it.. 😶🫡😆
NFA I'm poor ❌🩷❌🩷❌
what is a cap gain? market cap?
#BTCn00b
Humbled..! 😅
What did I just see? Wtf is that? That's theee TV creator of the Unconfiscatable conference right??
cc: nostr:nprofile1qqs2uyqg6gunpdmkcxqf9ah2ks0ykz0u70cr7djpkx6wdm3659ndwcqpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcppemhxue69uhkummn9ekx7mp0qythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0zfe8xc bro I'm lost wtf is this?
Yes,
Tone is a trader; he's prob trying to minimize his cap gains :mindblown_sm:
