Should we sell crypto
We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. If you buy something from a Verge link, Vox Media may earn a commission. See our ethics statement. NFTs have been a cultural phenomenon throughout , constantly making headlines as celebrities dabble in the space and as shenanigans , scams , and legal fights ensue.
We are searching data for your request:
Upon completion, a link will appear to access the found materials.
Content:
- It's time for Change
- Bitcoin retreats 20% from record, joining risk-asset sell-off
- What Are NFTs And How To Buy Or Sell Them?
- 3 questions to ask before you buy cryptocurrency
- Know about intraday and arbitrage trading in cryptocurrency
- How Much Amateur Bitcoin Traders Are Freaking Out Now
- Bitcoin, Ethereum among cryptocurrencies losing value amid investor uncertainty
- What Is Cryptocurrency? Here’s What You Should Know
- Investing in bitcoin? Keep this in mind before selecting a crypto exchange
It's time for Change
As I write this article, it seems most major Cryptocurrencies are oscillating on a seemingly daily basis by several percentage amounts following news of regulatory crackdowns, celebrity endorsements or due to everchanging sentiments on social media. Further, coins are being created on a seemingly daily basis on the latest trends like the now defunct squid-games coin.
Or the Floki Inu coin to jump on the Elon Musk crypto pumping wagon. Still among all the noise a lot of people are asking, especially those who have recorded some phenomenal gains in the last year, should I sell now to take some money of the table or diamond hands and hold on and possibly buy more! The logic is also that by selling and taking profits now, you can swoop back in and buy more at a later did when the dust settles. No one can really predict the wild swings of Crypto and the smaller or newer a digital coin, the more the volatility.
Which could mean huge upside or big time downside. So selling now, and coming back later could be a prudent move if you want to convert some of your digital gains to real US dollars in your bank account. The one other thing to consider is the tax implications of selling. Right now any unsold positions equal unrealized gains or losses.
But as soon as you sell you may have a significant tax bill, especially if you bought a long time ago. So you need to ensure you keep some of your proceeds around to pay estimated taxes or have it ready for filing time. Alternatively if you want to lower your tax hit, hold on for more than 12 months and pay the lower longer term capital gains tax.
This is particularly the case if you have only invested a relatively small amount and can ride out the short term swings because you think longer term, one or more of the Cryptocurrencies are here to stay and will become a core part of the financial ecosystem. Since I am happy to hold for the next few years and its not a big investment, I can live with downside in the near to medium term. Dogecoin and more recently Shiba Inu was just a momentum play and I do not expect that to be a core holding longer term, but gives me a way to get a better understanding of Crypto and enjoy the show that Elon Musk is putting on around this coin going to the moon!
So buying now could mean a tripling of your money in a relatively short time — not many places you can get that. But it will likely be a bumpy ride due to all the speculative mania and market manipulators looking to make a quick buck by shorting or pumping Crypto at regular intervals. So buyer beware is the mentality you should have. Another popular option if you are not sure of where the market will go in the short term, but a long term believer in the future of Crypto, is to dollar cost average invest.
This means investing a set amount into specified investments on a regular schedule. You can have a daily or monthly schedule if that works for you as well and through the major Crypto brokers you can easily implement this recurring investment approach for any coins they offer.
I like this strategy because it allows you to have a long term view, while take advantage and ignore short term volatility. Enjoy the ride. It really does depend on your overall financial situation and amount of investment.
If the downside losing your dodge investment is not going to hamper you then HODL and ride the Crypto hysteria. If not consider selling a little to cover your investment, taxes and some returns. Let the rest ride. But never invest or have so much money in Crypto that if you lose it you end up financially broke. I want to listen to your insight, but I am a bit skeptical. What are your credentials?
I have about 50K in Crypto. But this our my views only. Notify me of follow-up comments by email. Share via:. Price of Key Cryptocurrencies and change rapidly. Share this: Facebook Twitter Email. Subscribe via email or follow us on Facebook , Twitter or YouTube to get the latest news and updates. Sorry, your blog cannot share posts by email. Share via. Facebook Messenger. Copy Link.
Copy link. Copy Copied.
Bitcoin retreats 20% from record, joining risk-asset sell-off
Crypto land is confusing. Here are five things I wish I knew before buying. Two months ago I bought my first crypto currency. If you're thinking of diving in yourself, here are five things you should really be across first. Your Nocoiners from your Altcoin? The crypto world is full of jargon and acronyms and so much assumed knowledge that it can feel very exclusionary and exclusive.
What Are NFTs And How To Buy Or Sell Them?
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Choose from over 30 and counting most popular cryptocurrencies in the world. Invest in physically-backed gold avoiding the limited transportability and high storage costs. Build a diverse portfolio of different companies to enrich your investment mix. Get the best of physical and digital assets at the same time with Investment Gold. Keep up the good work! Very good app, easy to use and fast transfer!
3 questions to ask before you buy cryptocurrency
While understanding the risks associated with investing in this asset class is important, the selection of the exchange for dealing in cryptocurrencies is one of the key tasks an interested investor must complete before dabbling in fiat currencies. The rally has attracted many first-time buyers to cryptocurrency exchanges in India. We tell you the key factors one must consider for selecting a crypto exchange. Also Read The faces behind the farmer revolt. Order book: The depth of the order book, which is a list of buy and sell orders for a security, can help investors in making more informed decisions.
Know about intraday and arbitrage trading in cryptocurrency
Bitcoin recently suffered one of its biggest monthly drops on record in May. The volatility in Bitcoin — and by proxy, cryptocurrency stocks — this year has rekindled excitement in retail investors in a way it hasn't since the digital coin last peaked in Professional investors, billionaires and even publicly traded companies have maintained a keen interest in cryptos, too. This involvement in both Bitcoin, other cryptocurrencies and blockchain — the secure authentication technology behind digital currencies — are already showing up as a new source of revenue for many companies in mid It's partly thanks to the pandemic.
How Much Amateur Bitcoin Traders Are Freaking Out Now
The overall market also bounced back slightly, though the price rise slowed down considerably on Thursday. You can follow all the latest news, analysis and expert price predictions in our live blog below. However, the leading cryptocurrency is still down by over 7 per cent compared to its value a week earlier. Solana has grown by nearly 4 per cent in the last 24 hours, although it is still down by over 25 per cent compared to its value 7 days ago. Polkadot has also grown in the last day at a similar rate, but the cryptocurrency is still down by over 20 per cent compared to its price a week earlier. The price of meme coin dogecoin remains nearly unchanged compared to its value 24 hours ago, while its spinoff cryptocurrency shiba inu has surged by nearly 3 per cent during the period.
Bitcoin, Ethereum among cryptocurrencies losing value amid investor uncertainty
Enthusiasts will tell you it's the future of money - but investing in the notoriously volatile virtual currency can be a rollercoaster, and it's not without risk. The hunt for new coins, using powerful computers, is also causing a surge in energy demand - which is not so good for the environment. James Saye, tech consultant.
What Is Cryptocurrency? Here’s What You Should Know
RELATED VIDEO: CAN THE CRYPTO MARKET HOLD OR DO WE FALL HARD?Before hitting the recent all-time high, bitcoin maintained a low key for many months. Fortunately, bitcoin managed to recover from those back-to-back hits with an even intense fight and massive price surge. Since the volatility is evident, we are often put in a situation to choose between buying and selling bitcoin. While experts think any time is fine to buy bitcoin , it is not very convincing for normal investors.
Investing in bitcoin? Keep this in mind before selecting a crypto exchange
There's no doubt the explosive growth of bitcoin and other similar crypto-currencies has been a popular investment choice in recent years. With explosive growth and periodic crashes , it's been possible to make and lose substantial sums of money over startlingly short time periods, and many inexperienced investors have been drawn in by this latest monetary craze. If you're considering getting into crypto-currencies, or are already involved, you need to understand the tax implications of trading and investing in these new digital products. Bitcoin is a form of digital currency, created and held electronically. No one controls it and they aren't printed, like dollars or euros, but rather produced by people and businesses running computers all around the world using software that solves mathematical problems. This refers to the process by which bitcoins are created, in which a computer crunches through a set of difficult mathematical problems and success is rewarded with a bitcoin.
Bitcoin bounced into positive territory Monday after initially continuing its slide from last week. It last rose 1. Cryptocurrencies have been moving in tandem with stocks, which have continued to fall since the beginning of the year and just came off of their worst week since March Investors have been selling risk assets like technology stocks , as they prepare for tighter monetary policy from the Federal Reserve.
You are wrong. I'm sure. Let us try to discuss this. Write to me in PM.
Authoritative answer, fun ...
Thanks for the information, now I will know.
I apologise, but, in my opinion, you are not right. Let's discuss. Write to me in PM, we will talk.