Flexible Investing in Altcoins & Cryptocurrency. Jeff says "HODL But Don't Be Scared to Take Profit"
Hey guys, whats going on? I am making this video to discuss the way I view crypto investing. I like to be flexible. Not getting married to any coin or any set way. This market moves too quick one way or another to get too committed to one set protocol. This is my approach, you are free to do what you like of course. Bitcoin price swings are extreme.
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Thanks Jeff. Your input is greatly appreciated. I also voted on #mcafee posts. It was a great poll. I was in the same group as most of people who voted. If you guys don't follow #johnmcafee on twitter you're missing out. Only one different was I try to buy on a weekly basis.
People need to make educated decisions for themselves and not blame their poor choice on others. I think you make that point very clear @altcoinbuzz.
Keep up the #flexibility @altcoinbuzz team. #altcoinarmy for life
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STOPLets say I sell TRX and for BTC the buy ETN. Would I need to pay taxes on the TRX sell, or only if I go to USD?
Depending on your country's tax laws, you might be liable to pay tax on each and every trade. So HODL'ing is best option tax-wise
I got in Tron at 4 cents before and sold it at 22 cents. It was the best move ever since it crashed back down over night. Even thought I could have sold at 28 cents an hour later, but I made profit and no shame in that.
please keep it coming jeff and crew!!!!! invested in steem...and jumped on steemit because of your videos!!! loving it! yeeeeehawwww!!!!
THANK YOU!!!!!!!!
thanks!
hodl until it doesnt make sense or better returns elsewhere minus capital gains tax implications
Hold coins the same way you hold wine!! for 7 months...
I 100% agree with you strategy. Always enjoy your inputs