So you've decided you wanna trade some crypto during this next bull market.
But what's the best way to do so? Trade Bitcoin? Altcoins? And should you use leverage?
Here's my preference and what I'm doing. You can make your own decision.
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▶️ 3Speak
Altcoins have an instability similar to an elderly woman, but it seems to me that investing in them will pay off, patience and patience and the right time to profit, there is nothing more to do
I like to do trading using fast transaction altcoins like HIVE-USDT or HIVE-HBD. At the end, the price of the altcoins is influenced by dad bitcoin. 😁
Solid information, thanks for that.
Ritch
All of what you said makes sense. I did some spot altcoin trading back in the day when it didn't generate tax events in Finland. I wish I hadn't, though, because I wasn't good at it. I freely admit that I belong to the 99% of the population not equipped to trade profitably. But now I wouldn't do any trading at all because beating the 30 to 34 percent capital gains tax is simply impossible. Just HODL and cash out at the end of a bull market.
@tipu curate
Upvoted 👌 (Mana: 6/12)
One advantage of being Lebanese is that cryptos are not regulated yet.
I don't have to think about taxes, and I do the 4 types of trading you mentioned :)
Although in a bull market, I never sell spot, both BTC and alts. I just hold a low leverage long and close it when I feel it is a bit extended. I got lucky and closed my long for BTC at 12k, Eth at 396 yesterday.