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RE: Preparing For a Crypto Market Correction | Vlog #103

in #cryptocurrency7 years ago

Thank you for the video! A great learning for me was the tax issue arising from cashing out. So in many countries, if the correction (if it actually comes) is less than 20 percent, it is actually more profitable to stay in crypto than to cash out and convert into fiat money due to the taxes you have to pay on your capital gains.