Hello everyone!
First of all - I'm aware that no one has a crystal ball. I'd just like to get your opinion. Unfortunately I've waited too long to buy BTC and ETH last year. The profits are great, but I have to hold them for 12 months to get the tax free profits.
- BTC and ETH, bought at the end of July 23rd
- gains are tax free if I sell after August 1
So - nobody knows where prices will go, but in my opinion this bull run started too early. BUT ~24% tax on gains is still better than a 50% drop after June this year. On the plus side for selling early, I could "tax harvest" losses during the next years (don't have any red investments, but who knows).
What do you think are my options and which one would you prefer?
- lump sum out, pay taxes
- DCA out and pay taxes
- sell everything when it feels right, pay taxes
- wait until August no matter what and don't pay taxes at all, fuck the system!
HODL (not an option, because I can make good use of all that money and the next crash is as sure as the sunset)
Thank you, wise people of Reddit!
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments