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RE: Working for the weekend and other random thoughts

in LeoFinance9 months ago (edited)

Oh, I remember those days well, @bozz. I had about 30 years of 5:30am wake ups. It makes time seem to move so much more swiftly. It's as though the daily routine sweeps you into its current and before you even realize the sun is setting. I hope you can step away from it during this bull cycle. If you're anything like me it'll still take a few years to deprogram yourself.

I read about that absurd IRS rule! I can't imagine they don't realize how impossible something like that would be at this point in the game. I believe they're purposely making things difficult. I've even read that the SEC is considering making it illegal for US investors to directly hold BTC after the BTC ETFs are approved. If this rumor is correct, to comply with the law, US investors will have to invest in an ETF if they want exposure to Bitcoin. Crazy, I know, but I wouldn't say it's totally out of the question for them considering who they take their marching orders from.

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I hope you are right, but for some reason, I don't feel like this bull cycle is going to be the "big one" for me. I think I will get some gains for sure, but I just have this feeling in the pit of my stomach that it isn't going to be life changing. Fingers crossed I'm wrong. I could see the SEC trying to do something like that, but I think their days of having the politicians on their side are slowly fading. I think big exchanges like Coinbase are just biding their time until they know they can go toe to toe with the SEC and be supported by the right people.

I'll have my fingers crossed for you my friend. Some people think the ETF approvals are already priced in but I don't.

I totally agree with the SEC losing Congressional support. I believe Gensler's one task was to help manipulate and suppress the market leading up to these ETF approvals. I see him riding off into the sunset after this event. Hopefully his replacement will bring about meaningful change.

I hope that is the case as far as the SEC is concerned too. I just have a feeling that I am not holding the right tokens for the next bull cycle. That's basically a crap shoot though, so I am not sure I could have done anything differently.

Yes, it's always a gamble. Having a bunch of different micro caps in your portfolio is usually a good way to do it. The buy-ins are small and the chances one of them will go parabolic are better than average.