You are viewing a single comment's thread from:

RE: STEEM Update: What's changed?

in #bitcoin7 years ago

yes we all massively appreicate your insight - can I ask what is your strategy in terms of cashing out profits ? If profits are left in crypto then they could be lost when the market corrects. If cash out profits for FIAT people would be liable for Capital Gains Tax - what is your advice to maximise profits but stay withint the law ?

Sort:  

Good Question and this has been covered in past blogs on how I use laddering techniques. Like shown in this chart. I use support/resistance to spread my buys/sells so as to remove as much emotion possible. Also, it prevents the frequent occurrence where a single transaction buy results in price just going lower than buy price.