I am a wave rider. Meaning: not a day trader but move with waves. Every -2 weeks i exit to fiat and then buy back in.
Mainly btc hodler with some altcoin for long term as well.
I am curious if you can suggest good altcoins that are promising.
I hold just about any serious altcoin, usually 0,5-1 btc worth.
I will buy more
BAT
Crown
Shift
Viacoin
Ark
Probably will put 2 eth into EOS ico for the fun of it.
Any other thoughts?
Why would you go to fiat? everytime you go to fiat, you have to pay taxes. Better to convert all of your altcoin trading gains back into bitcoin, and hold bitcoin long term. Remember that if you hold 1+ year, the taxes go lower, so just keep amassing more BTC. In 5 to 10 years BTC will be worth a ton per coin, so you'll be able to retire with a couple million dollars anywhere near 20 BTC.
I was curious how the whales did their taxes. Are you saying you use "like kind" transactions to avoid the taxes and only claim them when you sell out to US dollars? I didn't think you could do that. That will save some hassle when doing taxes, if so. I figured you'd have to log every trade and figure out the gain in terms of US dollars.
I do expect the crypto market to base at or under $50B over the course of 18 months and base with low volume. Every investment goes through cycles.. it's like a basic law of nature. After such a run, consolidation will occur and interest will fade... that's the time to pick up altcoins at 20% of their current value and wait for the next run.
I still plan to remain mostly invested in Xtrabytes and Pascalcoin and a couple of others I think have potential and are cheap. Now's the time I only invest in the tech, and swing trade the pumps.
