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Forum » BTC on suicide watch yet?
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Thread: BTC on suicide watch yet?

post 1700157833 04-20-2024, 02:31 PM
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BTC on suicide watch yet?

Halving came and went and I still can’t afford a lambo on earth, let alone the moon.

Should I cash out and buy rope?

LTC crew for life though

post 1700158243 04-20-2024, 02:39 PM
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#2
  1. BigGuyTruth
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We're primed for takeoff sir
post 1700159653 04-20-2024, 03:21 PM
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lol this thread again
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post 1700161233 04-20-2024, 04:16 PM
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BTC has proven it will always have huge peaks and valleys and is generally very volatile. It's been that way for years on end now. Yet people keep buying it when it is at or near all times highs. Morons.
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post 1700162103 04-20-2024, 04:39 PM
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the problem comes on holding coins too long and having to pay capital gains tax on earnings but then actually losing money in the end with the crazy swings

I read a story once, some guy made a million one year in btc or litecoin forget which and ended up losing a ton of that money going into the next year but still accountable for the tax of the previous year, problem is, he no longer has any money and still owes tax

you can say the same in any sort of trading but a few have much better stability and easier long term assessment so you know when to get out or sell/buy
post 1700164213 04-20-2024, 05:41 PM
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#6
  1. kusok
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Originally Posted By Rul3⏩
the problem comes on holding coins too long and having to pay capital gains tax on earnings but then actually losing money in the end with the crazy swings

I read a story once, some guy made a million one year in btc or litecoin forget which and ended up losing a ton of that money going into the next year but still accountable for the tax of the previous year, problem is, he no longer has any money and still owes tax

you can say the same in any sort of trading but a few have much better stability and easier long term assessment so you know when to get out or sell/buy
Bs. The losses offset the tax liability. Ignore the fud.
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