Will The Price Of Bitcoin Go Up?
The price of Bitcoin has been very volatile, it is said from that Cliff High that the Price of Bitcoin will be around $13,000 in mid February. If this is the case, the price of Bitcoin can go up tremendously after February. Around the same time last year, we had this issue where the price of Bitcoin was well below value, by reaching all time highs then taking a massive dump.
As more people understand Bitcoin, Bitcoin can grow tremendously. Nobody can really say what the price of Bitcoin can be in the future, some people speculate that it will be worth $1,000,000. This could very well be the case, but it also depends on how many people like you and me, get into cryptocurrency and let alone "#HODL".
Since I believe the price of Bitcoin will go up, I am not selling my cryptocurrencies, I am holding on for dear life, the market cap is so small, it is safe to say that if you have invested in altcoins, you are among one of the many few around the globe that will possible be reach if you #HODL and newcomers come in and invest.
We will see . How the crypto world evolves.
So many people just got into cryptocurrencies this year. If you're in the US and you sell within a year of purchasing, you'll have to pay Short-Term Capital Gains Tax, which is substantially higher than standard Capital Gains Tax. HODL for at least a year.... and then HODL some more. I'd like to cash out at least a portion of my earnings in 2022-2023...
https://www.investopedia.com/articles/investing/040515/are-there-taxes-bitcoins.asp