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RE: Bitcoin can't possibly reach news highs this year, can it?

in #bitcoin6 years ago

If not this year, then we should be in for a massive spike next year, its only a matter of time. Im personally enjoying this accumulation phase and glad the hype died down there were too many unprofitable projects riding the wave and as we can now see the market is beginning to consolidate in BTC. If we do see a peak in December ill be ready to sell what i've hodl'd since i'm just not sure if i should take it out of crypto and deal with the tax implications, thinking of moving it into USDT or buying gold

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Yes, depending on where you are from the tax implications may be different. Here in the US anytime you sell any coin, it is a taxable event, even if you sell to buy another coin...