/biz/ - Business & Finance

>>28210951
That honestly depends on how long you've been hodling, what your other income is, and what the current tax laws are. If they are what they are now, then I don't sell until I hit long-term capital gains. For me, that's September. At that point my XRP gains will be taxed at 20% rather than 37%. If you're in the same boat, I recommend you do the same and ride until you're in long-term capital gains territory rather than short term. As for what to do then? That depends entirely on your situation: who are you, how old are you, where to you live, what do you need to feel like you "made it"? 1.5mil won't go very far in NYC or most of CA, but it'll have serious legs in the more rural parts of the US or outside of the US, western Europe, and some places in Asia.

So if you want to kick this around some more, answer those questions and we can game out some ideas for you. I'm not a financial advisor, but I've put a good amount of thought into what I'm doing when XRP moons so maybe some of that research will be of help to you.