do you guys really not take any profits? i'm finally above my DCA and i haven't had a job for over a year so im really tempted to sell

talk me out of it

If you take profits you'll never be apart of the pump you've always dreamt of.

>>60618475
what if this is the pump ive dreamt of

im afraid it will crash and never go up again

>>60618479
5 trillion dollars is entering the system as we speak. Everything is about to fly.

>>60618462 (OP)
Only deposit, never withdrawal. Buy and then never trade or sell. It's just that easy.

>>60618483
>5 trillion dollars is entering the system

proofs?

>>60618484
>Buy and then never trade or sell

i cant find a job bro, im going to need money soon.

>>60618489
Do what you gotta do. You won't be the first person forced to sell too early and you won't be the last. I've only sold some of my stack twice in the past. First, to pay off my 6 figure student loans and second to put a down payment on my house. If you're happy with your gains and really need the money, you gotta take care of yourself.

>>60618507
actually sound advice, tyvm anon

>>60618489
No sodl. Only hodl.

>>60618462 (OP)
Should have mentally prepared yourself when you started to DCA. It takes testosterone to hodl, cucks sell early.

You can always DCA out. Why not sell 5-10% a week?

>>60618462 (OP)
>>60618507

I bought at 1000 USD and sold at 63k.
Do I regret it now that BTC is at 118k?
Yes and no, but back then I needed the money and now I don't. Still made a very good profit obviously.

I mostly regret not having bought more at the time, but I had a lot less cash available than I do now. Shit sucks but I can't complain.

>>60618528
>I bought at 1000 USD and sold at 63k.

this is insane, congrats.

>>60618541
Wasn't life-changing money unfortunately, but yeah I had zero trouble hodling through several pumps and crashes.

>>60618549
>Wasn't life-changing money unfortunately,

yea but how many other people can actually say they 63x on anything, even fucking bitcoin. reminder that this place is full of actual LARPers

>>60618554
>reminder that this place is full of actual LARPers
I browse this place looking for ideas and inspiration to hopefully really make it now that I'm somewhat settled (got a house, low mortgage) and have a good amount of cash (200k).
But yeah, the problem is, you can't trust anyone or anything here. Only an idiot would go all-in because someone on 4chan posted something.

I'm mostly in ETFs now, but I did buy a small moonbag of some BTC treasury company. You never know.

taking profits means paying taxes and missing out on pumps. only sell if you need to or if you're rotating into a better investment

>>60618627
Depends on where you live, I paid 0 taxes.

>>60618475
This.
I have never had a Ouija board in my house, and I NEVER WILL. There are just some things you should never mess with.

>>60618658
where?

>>60618687
Belgium.
They tax 33% on capital gains if they consider it "speculation" (50% if trading is your job or they consider it as your main source of income), but 0% if it's normal investing "like a reasonable person".
Since I held for about 7 years before selling I was off the hook. Didn't have to prove it even, nobody ever asked any questions.

The law will change though, in the near future realized capital gains above a 10k/year threshold will be taxed at 10% (although the 33%/50% rule still applies).

>>60618709
I see, surprised Belgium has been that lax for so long. Seems the whole of Europe will be crypto hell in the coming years, I need to figure out how to cash out when the time comes but laws always change so I probably shouldn't worry about it yet

>>60618709
Do you have to actually report it in your tax declaration though? Or can you just sell and move it to your bank and if they ask questions say "it was reasonable investing"? I never really understood this. What if I sell thinking it qualifies for reasonable but the tax guys think otherwise and then I'm on the hook for 33%?

>>60618462 (OP)
bought a coin at 18.7k sold at a 110k average regrettably, but no one sells the absolute top anyways, Michael Saylor can sell, Blackrock can sell, literally everyone can sell, I'll just follow my instincts, and my instincts tell to do a 360 from these gay markets and sell all my stack except for 10k XRP because the market will dump hard at some moment and I don't want to be the faggot who see BTC losing the 100k support and still hodling strong as the coin goes back all the way down to 80k or even 40k or so and total panic ensues or so for 6 months maybe because war Iran israel may start again at anytime or whatever black swan is being cooked by (((capitalists))). I'll tether for a year if I have to but I will buy back cheap

>>60618462 (OP)
DCA'ed down in SUPRA and I am still holding. Looking to take profit at 0.08

>>60618797
As I said, the law will change so in the future you will have to report any gains in your tax declaration to redeem the first 10k tax-free.
Currently however, as long as you think the 0% applies you don't have to report it.
The bank may ask questions, and depending on how you answer them they will alert the taxman, who will then review your case and decide whether it's 0%, 33% or 50%. This is where you're fucked if you can't document your transaction history. If you've been trading regularly instead of hodling there's very little chance that they'll let you off the hook at 0%.

You can also ask for a ruling in advance of cashing out, but this costs money and has the disadvantage of alerting them to your intentions.

>>60619107
Thanks, that's helpful. I've never been sure what I'm supposed to do and that's one thing that's stopped me from hitting the sell button. Thinking of doing it this year before the new rules come in.
I've been making trades with ETH and SOL shitcoins but never made a profit there. Meanwhile I've been holding BTC and a few others this whole time. So I'm thinking that counts for 0% because I never traded those assets, just held. The fact I've been actively trading other stuff shouldn't be relevant, right? Or are they more likely to look at "crypto" as a single thing and tax me 33% on my BTC gains because I also traded shitcoins in that period (despite never making a profit on that)?

Taking profits has been one of my most expensive mistakes ever