This can be a strategic transfer that can assist you in the long term
It was three years in the past virtually to the day that I offered my Solana (SOL) holdings. This 12 months, the cryptocurrency market is doing comparable and I offered extra of my cryptocurrencies this morning.
Chances are you’ll assume it’s as a result of the market turned however I offered the cryptocurrencies for a special cause. It was a monetary cause.
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 might be 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 may’t anticipate the market to go up each single day. There need to be corrections alongside the way in which.
Whales will promote once in a while.
There might be dangerous information that causes the market to crash.
The newest dip was simply a kind 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 legislation. You don’t need to be wealthy to make use of the legislation. It’s written for the wealthy and poor.
