oh look bitcoin hit 10k like I predicted XD
For my next prediction, expect it to drop a little over December, as newfound millionaires realize that their crypto holdings may be taxed as personal property this year.
It won't be a huge drop, but a drop nonetheless.
If you have lots of crypto:
Do your taxes EARLY. Like, NOW. Cash out a little crypto and donate money to your favorite charitable organization. Make sure they are a real charity. Get a receipt. You can write off charitable donations, and thus get to tell Uncle Sam that you owe nothing. XD Don't try to get clever with a charity coin, give fiat and get a receipt. Make sure you get a receipt. Do this in December, before the end of the year.
For my next prediction, expect it to drop a little over December, as newfound millionaires realize that their crypto holdings may be taxed as personal property this year.
It won't be a huge drop, but a drop nonetheless.If you have lots of crypto:
Do your taxes EARLY. Like, NOW. Cash out a little crypto and donate money to your favorite charitable organization. Make sure they are a real charity. Get a receipt. You can write off charitable donations, and thus get to tell Uncle Sam that you owe nothing. XD Don't try to get clever with a charity coin, give fiat and get a receipt. Make sure you get a receipt. Do this in December, before the end of the year.