Right now the markets are rising in our favours. Too bad the worlds markets are in FIAT.
Right now i wish to pay off some credit card debts i have. All in FIAT of course and yes i know i will have to pay tax on the capital gains.
Would i be making an ok choice to sell off some ETH right now to CAD to pay some debt off. as where markets are im in the position.
just wondering on the tax i have to pay, would i be paying more tax then what i will be writing off in credit card debt? thanks
Indirectly you are saying you want to completely sell off your investment in ETH in other to pay your debt. To be honest if there were a better way to pay off this debt like kicking your ass an multiple jobs or selling something else and not your investment i will be glad. At this stage it is dangerous for an investor to start selling off your investment whe he has not reach his target. Cause am sure you are yet to reach your target. However, if paying off debt would relieve some financial burden and give you balance in life then do it. But dont hesitate to start investing again after you have fully recovered.