How often is anyone else moving crypto around? I've been moving stuff every few days lol
As a college student, I hardly move my stuff around unless I make huge gains on something I don't think are going to last (IE I had $100 in BNB @ $25 a coin because I wanted to use it for trading fees. When that sucker hit the high $200 range I sold).
I'm a big believe in crypto, I have a small mining rig and do about 70% crypto/30% stocks for my long term savings. I mostly HODL since 1) I'm in it for the long term as I believe it will become a globally accepted currency and 2) I don't want to pay short term trading fees lol. Curious how taxes affect our European brothers? With the amount I have invested if I made some big trades I could end up paying a months worth of income when tax season comes around (US). Granted I am a college student that only makes ~$20k a year, but I have been buying BTC since 2016 and those satoshis stack nicely with time lol (First purchase 100$ @ $732 a BTC)
I'll add that I think BTC and maybe ETH are the only two cryptos I would see worth holding for 5+years. That can change at anytime, but everything pretty much follows BTC and now with big time companies buying massive amounts of it I don't see it ever disappearing. If it did I think we would have bigger problems to worry about.
As for ETH, I think with the rollout of ETH 2.0 (whenever it actually comes) will make it another big, longer term player. It has too big of a market cap lead over the next closest crypto.
I also think that when ETH 2.0 rolls out the miners would pretty much determine the 3rd place crypto. What is that? I have no idea but it will be interesting to see. I hold a few hundred $ in my top 4 possibilities and add a small amount each month just in case.
I guess you could call me a crypto zealot lol, but all I know is when I graduate medical school at this rate I will be able to pay off all my loans and put a large down payment on a house. Hopefully it continues and I will buy a house in cash and have funds to spare!
Really hope someone from the UK or EU chimes in about tax rate on cryptos... I really want to know and don't know where to look for reliable info haha