From your position of experience, Could you go into your idea of the segwit consequence? I am not wealthy enough for forex trading, but I am also not going to miss the opportunity to try and trade my way through the crypto exchanges to get there. Although advice comes with a price, I was just hoping you would share some thoughts on the differences in being a professional(full-time/part-time) day trader and what we are looking at for reporting taxes on crypto gains are they the same thing?. I am very new, and trying to keep up with the reading, while not letting this chance pass... is difficult. Any reading material or thoughts shared would be appreciated. Cheers.
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I think the opportunity for buying the seqwit was late last week when everyone was selling out of fear. Always buy when there is fear and sell into euphoria. That being said the crypto sector is just beginning a boom and will see enormous growth over the next five years. There are no thoughts of selling and only buying any dips. We pay taxes on gains when we sell. Do not try to trade. Invest.
Thanks for your input, I appreciate it. And an important distinction, duely noted.