This message is dedicated to all cryptocurrency holders. Dear friends, there’s no point in complaining about coin crashes, BTC dropping, accounts in the red, and other issues. If you didn’t know, the crypto world is highly volatile, and if you’re not ready to see your account in the red by -30%, -40%, or even -70% in a single day, please leave this world because, I hate to say it, but it’s not for you. It’s a world where you can earn a lot, but you can lose just as much in mere seconds if you don’t have the mindset of an investor. Want to make easy money? Gamble on meme coins, but don’t complain if you lose everything.
For those unaware, the best strategy to suffer less in the crypto space is to buy periodically (ignoring the account being in the red if it happens) and sell when you make a profit. This way, over the years, you’ll suffer less. But please, if you see your account in the red and start complaining, it means this world is not for you. Even stock markets are similar, though with smaller fluctuations. You already know that playing with your money to make more is a risk, so you should know what you’re getting into.
Another topic I wanted to address is taxes. I’ve also thought about ways to avoid paying them, about strange strategies to lower them, etc. Remember, in this world, you earn much more in the long term than in the stock market, so why not pay them? I know it might seem like a scam against the investor, but unfortunately, we live in this world, and we have to adapt. Avoid strange strategies that come to mind to evade taxes, because remember, you’re playing against the state, which has people at its disposal and a lot of money to develop on-chain monitoring systems (since all transactions are recorded). Instead, hire an accountant and legally reduce the tax burden on your capital gains.
Remember, even if you have a couple of hundred thousand in crypto, you’re small fish playing with much, much bigger fish.
I don’t mean to offend anyone with this post, but unfortunately, this is the reality..
For those unaware, the best strategy to suffer less in the crypto space is to buy periodically (ignoring the account being in the red if it happens) and sell when you make a profit. This way, over the years, you’ll suffer less. But please, if you see your account in the red and start complaining, it means this world is not for you. Even stock markets are similar, though with smaller fluctuations. You already know that playing with your money to make more is a risk, so you should know what you’re getting into.
Another topic I wanted to address is taxes. I’ve also thought about ways to avoid paying them, about strange strategies to lower them, etc. Remember, in this world, you earn much more in the long term than in the stock market, so why not pay them? I know it might seem like a scam against the investor, but unfortunately, we live in this world, and we have to adapt. Avoid strange strategies that come to mind to evade taxes, because remember, you’re playing against the state, which has people at its disposal and a lot of money to develop on-chain monitoring systems (since all transactions are recorded). Instead, hire an accountant and legally reduce the tax burden on your capital gains.
Remember, even if you have a couple of hundred thousand in crypto, you’re small fish playing with much, much bigger fish.
I don’t mean to offend anyone with this post, but unfortunately, this is the reality..