r/Bitcoin•
BCJoey

Why i hodle instead of getting off the rocket and getting back on later.

Getting off now would force me to pay income tax on a majority of mt gains. Im fortnate enough that it would be in the highest tax bracket which means Uncle Scam gets a huge chunk. Then there's no guarantee that i can time the bottom to get back on and i may end up chasing the price by the time my funds clear from the bank. Bitcoin has a way of recovering quickly. Im not a trsder. Im in this for store of value which sounds crazy given the volitility but my storage time is long.

Posted Jun 26, 2017, 8:05 PM UTC

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