It is for sure important to figure out how to diversify in good ways so that there is a broader array of things that we are doing. Sure we can work the normal jobs, but investing a little bit in stocks, bonds and then another bigger amount in crypto of various kinds, plus maybe a little precious metals add in there too. These are really nice and healthy ranges to be in considering how volatile things are! At the same time, it is indeed important to figure out when to take profits, as you said. I am hoping that the American system eliminates, at least temporarily, taxes on crypto because that would incentivize a lot more trading than is going on right now. We shall see though!
Right, taking profit is very important, especially knowing that market prices will eventually come back down after the hype has faded.
That'll be great definitely, there's still some hesitation on my part when it comes to off-ramping from crypto to the Tradfi system, especially if the authorities ask where is this money coming from?? Having to explain how crypto works isn't going to be a walk in the part for some of these traditional people.
Thanks for stopping by :)