One Important Reason I Sold My Cryptocurrencies In This Bull Run
This is a strategic move to help you in the long run
It was three years ago almost to the day that I sold my Solana (SOL) holdings. This year, the cryptocurrency market is doing similar and I sold more of my cryptocurrencies this morning.
You may think it’s because the market turned but I sold the cryptocurrencies for a different reason. It was a financial reason.
Since there was a loss on my cryptocurrency holdings, I took advantage of the tax loophole.
And you can do the same.
Let me explain.
You are still early in the bull run with several more months to go. That’s at least several hundred days.
So you can’t expect the market to go up every single day. There have to be corrections along the way.
Whales will sell from time to time.
There will be bad news that causes the market to crash.
The latest dip was just one of those corrections.
When days like that happen, it’s your chance to look at your portfolio and see if you can take advantage of the tax law. You don’t have to be rich to use the law. It’s written for the rich and poor.
