Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 27/10/2021, 18:49:36 UTC
I'm calling it



Those are some pretty small shorts.. Is that what you mean?

I SOLD 1% of my btc to pay my crypto taxes from 2017. First time ever I cashed out for fiat. Feeling like a monster now Sad

1% does not seem to me to be a very BIG mistake in terms of planning out your cashflow and having to possibly cash out some corn at a time that is anything other than your own choosing.

Let's say for example, you have something like 10 BTC (of course, you do not need to admit nor deny the quantity because I am using this as a kind of way to attempt to concretize aspects of the situation you have mentioned), and so you end up cashing out 0.1BTC (which is currently around $5,900).. If you had decided to resolve your "crypto taxes"** in 2018-ish (or even some time earlier), then you may well have had to cash out your hypothetical $5,900-ish at sub-$10k.. and perhaps even by using something close to a whole bitcoin...  .. anyhow, I guess that part of my point is that when you are dealing with relatively smaller percentages of your total stash, you can see that even being forced to sell now, is not even bad for a person who may well have ONLY been in bitcoin for 4 years-ish... .. ...

** By the way, I am not necessarily going to invite any discussion of what good or bad decisions that you may have made in regards to having "crypto" taxes to the extent that you are referring to anything other than bitcoin.. because going into those kinds of details would likely take us off-topic into a possible slippery-slope quagmire of irrelevance (and brain clutterening).