Virtuous_Brotha
Superstar
Alts need to step their game up too, need some cool tech updates (no i dont want to here "soon") and mouthwatering partnerships
Straight fukkeryYeah i was pissed cause they welcomed us WAY back when had the app and everything...
Of course, that number differs for each individual and your circumstances.
For me personally, I want to hit 8 figures and call it a day. But what I need to do at the very least (and should have during the last bull run in 2021) is cash out some to pay off my house and all expenses. The 75% of 9-5 income would be going into investments and crypto to expedite the retirement.
If you have absolute, disposable income that wouldn't hurt you if you lost it..
Main wallet = Major essential projects and coins. BTC, ETH, SOL, LINK, BNB, etc. These should be biggest percentage of your holdings and one you dollar cost average on. Also, these projects have massive liquidity that allows you to have big cash outs that would not disturb the overall price of coin.
Mild risk wallet = Good, upcoming projects. SUI, SEI, Toncoin, FET, Arbitruim, Injective, AERO, etc. I'd also dollar cost average on these too. Pray one of these turn into the next SOL or BNB.
Hopefully, you can hold the gains on these two wallets for over a year so the taxes you pay after cashing out are long term gains and not short term.
A couple of years ago, I had to pay about $40K in taxes after converting some memecoins that I held for a couple of months.
Degenerate wallet - Memecoins/shytcoins If you invest and these hit, most of the time they won't have a lot of liquidity that will withstand whales unloading their bags on, unless it's a 5 star meme like dogwifhat, BONK, SHIB, BRETT, etc. If you got in early on something that hit, notice what other whales are doing and take profits. Don't go ham and dump the whole thing because that would cause fear and trigger a bunch of limit orders and fear.
Always take out your initial investment if possible. If you ever hit big on these, I'd take a big chunk of the profits to feed your more solid investment/wallets.
However, be prepared to pay Uncle Sam at the end of the year on your memecoin profit. Because they're so volatile, there's a 99% chance you're trading these under a year.
Man, $40k in taxes ain't shyt compared to what we'll all be making when taking profit during this run.40k is eye watering. You had to do that all at once? And Do you advise paying quarterly if possible?
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Hopefully, you can hold the gains on these two wallets for over a year so the taxes you pay after cashing out are long term gains and not short term.
anywhere i can read up a little more on this?
Checked my coinbase account. Is this what they really meant by "the halving"? The halving of accounts
anywhere i can read up a little more on this?
40k is eye watering. You had to do that all at once? And Do you advise paying quarterly if possible?
So this is what they meant by "the having"#DOGE
Might have to pull an all nighter with this one. Im hearing 1$ but ill take .35
Bitcoin did about 13 percent for the week. If that trajectory held it would put us at about $105K on Dec 1st. Six month outlook at current pace $300k for May 2025
If BTC does 6 percent a week it puts us about $90K on Dec 1st. May 2025 for about $190K
If BTC does 2 percent a week it puts us about $82K on Dec 1st. May 2025 about $110K
This train leaves with or without you