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RE: Bitcoin (BTC) Mid-Day Update: Weekly Degree of Trend Perspective

in #bitcoin7 years ago (edited)

Well, concerning all our great alts,

  • one aspect is to eye on alts that are more independent from btc market movements (consider Matrix AI Network, e.g.)
  • and another is to embrace tax regulations (at least here in Germany), that create the incentive for long HODLing anyways.

Here, only one year after any crypto buying action the full return can be cashed in legally without having to pay any taxes whatsoever. Everything before that timeframe underlies a stricter legislation, which is why the short to middle term market (facing the C wave correction @haejin is taking into consideration) is not too frightening in the end.

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In other words: The final C wave ending would be the time to get into new positions and altcoins be HODLed for even later. Concerning altcoins:


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