If people dump their bitcoins now then wont there be tax implications for that?
What about the usual dumping/selling assets to pay for Christmas holidays & presents we always hear every year? I thought the economy we live in today is paid for by debt and hence most people by xmas gifts with credit cards so what's this people dumping assets for cash to pay for their Christmas festivity holidays? This sounds good as it means its paid by real money not debt but then again our debts at all time high now
The market since 2018 has moved faster than the previous 4 years. You can naively say the bull market now is moving ahead of time if you compare what happened in 2016. Fortunately, you can ignore it because it is an ending of warm-up phase and Bitcoin is in Bullish and today jumps to its Bullish extension, the thing to know is Over-bullish not yet to come.
You can hold bitcoin till the Over-bullish time or take profit and wait for pull back or flash crash to accumulate more bitcoin. If you decide to take profit, please be clear at beginning that you want to take profit to cash and wait for chances to enrich your bitcoin amount. If you can not enrich it (no pullback), you at least successfully take real profit.
Do you mean the December effects?
When do you think we reach over bullish stage of this bull market cycle? Do you mean btc is in a warm up bull cycle now like it was in Dec 2016?
If the US Govt passes the stimulus bill and everybody gets their stimulus cheques through the mail. Then do you think these stimulus cheque retail investors will cash out their cheques for bitcoin pumping bitcoin price higher than the big institutions have pumped it to?
Or you think retail investors will dump their stimulus cheques in the stock market at all time highs now?
[moderator's note: consecutive posts merged]