This can be 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 yr, the cryptocurrency market is doing comparable and I bought extra of my cryptocurrencies this morning.
You could 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 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 count on the market to go up each single day. There need to be corrections alongside the best way.
Whales will promote infrequently.
There shall be unhealthy information that causes the market to crash.
The newest dip was simply a kind of corrections.
When days like that occur, it’s your likelihood to have a look at your portfolio and see when you can benefit from the tax regulation. You don’t need to be wealthy to make use of the regulation. It’s written for the wealthy and poor.
