In the 15+ years I have been active I have seen numerous people say “I think I am done” or “I am going to take a break and become more passive”.
I have NEVER seen it last. At some point a trade calls them back.
You don’t quit trading, you either carry on, or get carried out.
A perfect example of why the idea of old coins being "bogged down by bagholders that are looking to sell at every 5% rise" is not really as realistic as it seems.
This is a great example of a "bag holder" whose sell pressure has been removed through capitulation.
A buyer at $28 (on the way down) no longer contributes ANY sell pressure on the way back up because he/she has capitulated and sold at the lows.
The idea/narrative that "old" coins will never rise again because there is too much sell pressure from bagholders is a weak one if said coin has already gone through a lengthy capitulation phase.
Do Kwon and Terraform Labs have agreed to pay the @SECGov a combined $4.5 billion in to settle the civil fraud case against them. The settlement would also ban Kwon and Terraform from buying or selling crypto asset securities.
@cheyenneligon reports
https://t.co/BAgU9C9aXX
If you're a U.S. citizen and get $10k or more in crypto you have to report it to the IRS within 15 days or they can charge you with a felony.
Starting now.
They want name, address, ssn of the sender.
Oh - and they're not telling you how to file the report.
Yay 🇺🇸 !
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