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.
It’s possible you’ll suppose it’s as a result of the market turned however I bought the cryptocurrencies for a unique purpose. It was a monetary purpose.
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 at the very least a number of hundred days.
So you possibly can’t anticipate the market to go up each single day. There must be corrections alongside the way in which.
Whales will promote every so often.
There will probably be dangerous information that causes the market to crash.
The newest dip was simply a type of corrections.
When days like that occur, it’s your probability to have a look at your portfolio and see if you happen to can reap the benefits of the tax regulation. You don’t must be wealthy to make use of the regulation. It’s written for the wealthy and poor.
