Once again, very nice analysis. All your targets where pretty accurate, even though the last one wasn't quite met. I got in for this 3rd target and sold when the momentum decreased. Worked out perfectly (14%). Thank you!
Tradingdeed
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@Henrik.niehaus, Hey !! I am happy you enjoyed it !! I can't participate to trades like that anymore as a US citizen, I need to pick BIG BIG games... Because of my twisted tax system... I am basically waiting for ATH on LTC and other big coins...
henrikn0815
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@CryptoTradez, I see. Here in Germany you have to hold stocks etc. for at least a year, so that you don't have to pay taxes on your earnings. For cryptos that's currently not determined, but it's probably gonna be accounted as normal income. It's currently a legal gray area. Is it similar in the US?
Tradingdeed
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@Henrik.niehaus, In the USA it's been clarified begining of 2018... Now, every single transaction is a taxable event. Every single time we make a profit, that profit is taxable even if we go to another coin that crashes with the previous profit.. So it makes it like we have now even more risks to sell...
What was the grey area was the transactions between pairs... they are still taxed individually even though you didn't technically sell as you didn't get back into FiAT when you sell in BTC...
And it is going to be a giant nightmarre to know all the transactions and what was the price of BTC (or neo / ETH / ... depending on the pair you decided to sell in ) at that moment ??
Now even better ! The regulations they put in place in 2018 are retro active... so will be applicable for all previous years as well...