Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 09/11/2018, 03:45:29 UTC
Just remember...when selling you get hit with tax consequences (in the US).

So selling a big chunk is not the best strategy (unless you're just in it for the fiat and supporting your benevolent government with more money).

Personally I was able to retire and I can pull out $35k of my bitcoin every year tax free. I don't have to work the rest of my life.

To me that seemed a bit more important than anything I could cash out and buy.

Good for you, although it all depends on your physical location.
In most US urban/suburban areas $35K is somewhere in the vicinity of barely scraping by, but not exactly poor, and I am not even talking about NY, LA, etc.
I am also aware that in some other areas on Earth $35K/year would be a very nice living or close to it.