It is a strategic transfer that can assist you in the long term
It was three years in the past nearly to the day that I bought my Solana (SOL) holdings. This 12 months, the cryptocurrency market is doing related and I bought extra of my cryptocurrencies this morning.
Chances are you’ll assume it’s as a result of the market turned however I bought 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’re nonetheless early within the bull run with a number of extra months to go. That’s at the least a number of hundred days.
So you possibly can’t anticipate the market to go up each single day. There should be corrections alongside the way in which.
Whales will promote sometimes.
There will likely be dangerous information that causes the market to crash.
The most recent dip was simply a type of corrections.
When days like that occur, it’s your likelihood to take a look at your portfolio and see in the event you can make the most of the tax legislation. You don’t should be wealthy to make use of the legislation. It’s written for the wealthy and poor.
