Where your hard-earned money comes to die. Home.
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Sellcucking right now
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Poast new message in this thread
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Date: January 20th, 2018 2:15 PM Author: vibrant mahogany tank
You guys are treating this like the stock market where you just pull it up on your browser and are like, "yay, Paper Gains! I shall demonstrate my virility by HODLING, and procure even greater unrealised gains!" thinking you can just chill and watch it go up. Sure, a $50 or $150k gain looks like diddly shit right now compared to where it could go, but when it drops to 0 you will feel like FOOL. The chance of crypto dropping to 0 has to be considered, and the longer your position the greater the chance that that event will occur during the period in which you are hodling. It's not like where exeunt can put $100k on ETH when it's $.05 and realise like 10% of his gain 12 months later and be rich af. It's not like XRP where it goes from $.02 to $4 in a month. These long positions are fuckin' tenuous, brah. It's not a quick, binary win/lose thing like a roulette table, it's something far more sinister.
(http://www.autoadmit.com/thread.php?thread_id=3865544&forum_id=7#35197322) |
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Date: January 20th, 2018 3:17 PM Author: ultramarine disgusting fortuitous meteor
CR, I have PFR but only as a short term, flip coin
I think VEN, etc. are much longer term holds
(http://www.autoadmit.com/thread.php?thread_id=3865544&forum_id=7#35197751)
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Date: January 21st, 2018 2:12 AM Author: ultramarine disgusting fortuitous meteor
?
if he cashed out all of it before 1 year he'd be taxed at like 37% or whatever it is now
the difference between STCG and LTCG is massive at that level. STCG is taxed as ordinary income.
(http://www.autoadmit.com/thread.php?thread_id=3865544&forum_id=7#35201284) |
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