Post
Topic
Board Altcoin Discussion
Re: Which altcoins are likely to go up when BTC goes down?
by
bluebit25
on 17/01/2024, 23:10:20 UTC
I want to sell my BTC when I expect the next bull run to be over. But I do not want to cash out because that will lead to confiscation of the profits via taxation.
Someone told me to swap the profits for stablecoins. But stablecoins are currently under serious attack, and are at risk of getting depegged.

Is there any alternative to cashing out and paying enormous taxes? It makes no sense to swap 100k worth of BTC to an altcoin when we expect a BTC crash of 40%, when all other altcoins are likely to crash even harder.

I don't understand what you're talking about about taxing stablecoins, if you do that then who will tax you? Banks, or governments,... cannot afford to intervene too deeply in each cryptocurrency, and as long as you still keep the "key", how you use it is your business, not sure if you are wrong mixed into fiat or not?

But in general, you should not be too influenced by this market, because it does not always increase forever on a certain time frame, its fluctuations bring return/risk. So if there is a long-term plan, it is only a matter of time for bitcoin to reach the $100k target. I don't think at the moment there will be altcoin growth in your opinion, because I know there are trends. The direction still goes against bitcoin's situation, but its risk profile is often more complex. So if you consider safety, I do not recommend speculating on things you do not understand, it would be reasonable if in the short term you can keep the stablecoin yourself and it is completely possible to wait for the price to decrease to buy more.