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A question of odds: cash out soon and pay taxes - or wait longer and don't?

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by COINS NEWS 77 Views

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?

  1. lump sum out, pay taxes
  2. DCA out and pay taxes
  3. sell everything when it feels right, pay taxes
  4. wait until August no matter what and don't pay taxes at all, fuck the system!
  5. 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!

submitted by /u/purzeldiplumms
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