It is a strategic transfer that will help you in the long term
It was three years in the past nearly to the day that I offered my Solana (SOL) holdings. This yr, the cryptocurrency market is doing comparable and I offered extra of my cryptocurrencies this morning.
It’s possible you’ll assume it’s as a result of the market turned however I offered the cryptocurrencies for a special purpose. It was a monetary purpose.
Since there was a loss on my cryptocurrency holdings, I took benefit of the tax loophole.
And you are able to do the identical.
Let me clarify.
You’re nonetheless early within the bull run with a number of extra months to go. That’s no less than a number of hundred days.
So you’ll be able to’t count on the market to go up each single day. There should be corrections alongside the way in which.
Whales will promote every so often.
There will probably be dangerous information that causes the market to crash.
The newest dip was simply a type of corrections.
When days like that occur, it’s your probability to have a look at your portfolio and see should you can reap the benefits of the tax regulation. You don’t should be wealthy to make use of the regulation. It’s written for the wealthy and poor.
