When to Sell Your Cryptocurrency? (BE READY)

 

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Best strategy to sell your crypto? How to take profits? Today we are joined by Ben of BitBoy Crypto to talk bitcoin, ethereum, altcoins, & MORE!! SLAP THE LIKE BUTTON! 👋

All persons in this video are not financial advisors. Please contact a professional before making an investment. The conversations in this video are only opinions. DYOR.

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TimeStamps:
00:00 Intro
01:06 How to Recognize a Market Top?
04:07 Best Strategy to Take Profits?
07:45 Better to Sell Altcoins or Bitcoin First?
09:53 Borrowing Against Your Bitcoin a Good Strategy?
13:16 Final Thoughts

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When to Sell Your Cryptocurrency? (BE READY)

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39 comments

  1. The funny part is that my GRANDPA asked me to buy him $10k worth of Bitcoin 😁. I kid you not – I got scared shitless and almost pushed a ‘sell’ button 😉

  2. This is video 2/3 on our BitBoy interview series. Video 3 w/ Ben drops tomorrow! What other Crypto People should we have on the channel? Comment! We like talking to all voices in crypto on this channel 👍

  3. I only take profit as needed…. as I’m hodling long term. I get that some don’t think hodling is a good strategy, but taxes are insane so why would I pay 30% over and over- when Im just going to buy back in? And of course the crazy fees to move money around the wallets and exchanges when selling and withdrawing. I hate fees- lol

  4. I also thought of day trading Bitcoin I very much hope that Delcan will also make me make a profit every day

  5. I had the same thought. Whatever you sell are considered gains, and we have to pay taxes on gains… right??🤔🤔

  6. Besides not discussing tax ramifications , I think Bitboy wants everyone to sell so he can buy back cheap

  7. I agree with you. You have to have a long-term hold bag. However sometimes I use an exchange to take profit so I could do a free swap.

    Profits from the coin back into Btc, Eth, or USDC

  8. So there should be a altcoin blow off top after bitcoin has its blow off top . is That still correct ? ? ?

  9. @michael ward I’m not sure where you are but in Aus every gain or dissolved coin is included in your total income tax bracket. It’s taxed but not at a higher rate unless your cumulative income hits the next tax bracket. If you’re not in Australia… sorry!

  10. Ben’s strategy actually drives the Bear market – if you hodl you sustain the Bull market. And if you keep buying you drive the Bull Mkt! Maybe with Institutionalv investors, Pension funds [that typically wont want to sell] will change the dynamics of the next Bull/Bear market? Thoughts?

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