Is there a level where you would take BTC profit? I'm of the mindset to hold and add during the next bear, but I probably should at least pull out my principle and let the pure profit ride.
OT: Bitcoin, Altcoins, NFT's & All Things Crypto
- Thread starter bob-loblaw
- Start date
Put simply, no.
I dont want to explain to my daughter 20 years from now why I sold.
It's a limited asset.
They can (and do) always print more money.
They can always find more gold or silver.
Bitcoin supply is immutable.
GBTC is still holding strong despite higher fees. If it’s bleeding out (outflows are definitely more than inflows), why is their price continuing to do well?
GBTC price is pegged to the BTC price. Inflows and outflows don't impact GTBC price. However, it does impact the amount of money Grayscale makes on their fee.
Fidelity added BITX recently. I think I’m going to add it to the IRA
Is that Proshares 2x BTC? Gotta get some of that! :)
I love that you dug up that gem.
10 days til halving. Knowing how btc operates, we'll see a dip as its consistently been a buy the news asset.
Then I will continually keep tax harvesting without any wash rule. I feel like my crypto buying/selling has really helped me with taxes over the past 3yrs
I just bought more BTC and even if it plunges I will sell it at a loss and then buy right back in for the upside.
Top Chinese investment brokers trying to get BTC ETFs approved via Hong Kong:
Does this mean a direct buy or via the Coinbase Wallet? Are you still bullish on SHDW?
Direct buy. It's my largest holding at the moment at around 35%. Very much overweight but comfortable with it. The team has been building since the fall of 21 and have been methodical throughout the bear, FTX dump, etc. The tokenomics are as good as you'll see. The biggest thing working against them is that FTX had bought in early and was holding somewhere around 9 million tokens. It's speculated that Coinbase acquired them OTC to facilitate their listing. When Coinbase lists, everyone else follows. There is no team fund or reserved tokens for such things, any future exchanges need to market buy to list.
They do not hype things, they actually have done quite the opposite all along. That said, they have teased an announcement at the upcoming Solana Crossroads conference on May 10th. Gut feeling is they wouldn't do such a thing if it wasn't big. If I had to guess, I'd say it something AI storage related.
First sell target would be $5 for me. It can go much, much higher.
Yes, just saw I can buy via Coinbase Advanced trading platform. DePIN data storage is going to be big. And the leader, Filecoin blows.
I'll start a position later today.
Stupid question:
You buy ETH at 3500.
Sell at 3000
Immediately buy back at 3000
ETH goes back to 3500
If I held, I made 0. With no wash sale rule, I lost 500, gained 500, meaning 0. Aren’t they the same?
You declare a 500 loss despite no change in your overall gain/loss.
Exactly! No wash sale allows you to manage taxes in a different way while still valuing your crupto
Position.
I’ve been using the losses over the years to offset capital gains on positions like TSLA
Perfect time to transition from IBIT to BITX this coming week.
why didn’t Coinbase do one for their company. 3 years ago yesterday, COIN stock hit a high of $429 a share, today it is $223. ;)
😉
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