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6777982 No.6777982 [Reply] [Original]

Do you ever take profits or keep holding forever?

>> No.6778096

I'm thinking of taking some profits when prices go up again but I don't know what the best approach is.

>> No.6778118

>>6777982
Took profits to go on vacation next week

>> No.6778160
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6778160

>> No.6778220

>>6777982
I'm holding till I reach a desired amount, on that amount I will take 30% of my accumulated stack and leave the rest.

>> No.6778271

I'm holding until crypto is the normal way to pay in society

>> No.6778342

>>6778220
This

>> No.6778371

>>6778271


Good luck with that.

>> No.6778412

Bought 70 ETH at $50 a pc back in march and pulled out my initial investment and 100% profit back in June. Yeah I could have 70k right now and I'm a little sad about that but I have no money invested in cryptos and still have over 50k worth of free money

>> No.6778421

>>6778271
What if your crypto is the wrong one?

>> No.6778449

>>6777982
Yes
If you’re not taking profit you’re getting conned. I pity those who will hold to the bitter end and watch their gains deteriorate because they fell for a meme.

>> No.6778566

>>6778449
tax

>> No.6778657

>>6778566
Yeah, this now needs to be considered as well. Depending on country, it can mean a 30-50% mandatory loss.

>> No.6778658

How do I pull maybe $15k or so without getting raped by taxes?
Sell to boomers on craigslist?

>> No.6779010

>>6778658
local bitcoins local monero.

>> No.6779037
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6779037

>>6777982
i 'reinvest' my 'profits'

>> No.6779538

>>6779010
What if the taxmen ask me to show them my binance account? It has all my deposit/ withdrawal history. So they know if I send btc to localbitcoins

>> No.6779623

>>6779538
Make other account.

>> No.6779712

>>6778421
There's no wrong crypto when REQ is just around the corner

>> No.6779762

>>6779623
Where did those coins come from?
When the IRS is on your ass, you have to show them the whole trail from fiat to crypto.
If you can't, then someone gave you the stuff as a gift, which is also taxable above a certain point, at least in my country.

>> No.6779788

>>6778566

I'm not going to let taxes scare me from securing gains.

>> No.6779803

In this market is it better to just cash out when you hit minor moons (20-30%) and then just reinvest when the price settles down again? I want to just hold, but I'm getting pretty tired of this shit.

>> No.6779966

Bought XRP at 1.49, should’ve taken a profit ffs

>> No.6780126
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6780126

Nah I just put it in risky blockchain RPG startups.