Post
Topic
Board Altcoin Discussion
Re: Huge gains and still holding ?
by
Swapster
on 07/09/2021, 01:19:35 UTC
I try to buy coins that I believe will have a long term value, and will risk a bear market. The reason is you have to hold for 1 year to get long term cap gains rate. If you sell everything on short term basis, you are paying quite a lot in taxes. That loss to taxes is baked in the cake. Whereas, if I go long on a good, solid project, I can minimize my taxes.