do you guys cash out at all? or are you storing all of your earnings in crypto currencies?
>pay off debt
>take out 10% for comfy living
>reinvest the rest and let it ride
>>2099965
>cashing out
>ever
ishygddt
>>2099975
pretty much this
full cashout is full retard
>>2099965
Going long on ETH tbqhwyfamalam. If I look at the money I'm putting in as a hobby who cares if I lose it, it'd essentially be gone to me either way. I'm simultaneously putting money away in a savings account and other general shit, so what's a hundred on crypto every month? That's just skipping some video games and eating out a weekend or two.
>>2099981
it doesn't hurt to take another 10% and put it into savings though (not fiat)
>>2099990
I started off with hitting up free faucets and a few surveys and a dice game..oh those dice games...
>>2099965
i am not giving the goverment 30% of my money, so I am not cashing out, but i do buy stuff with crypto sometimes.
>make 5k from xby
>don't want to cash out because possible future gains
>stressed as fuck
You didn't tell me getting rich would feel like this
>>2100009
in america there's a capital gains tax and in canada there's a barter tax. even if you don't cash out you're gonna get in trouble if you don't declare your trades on your taxes.
let me know if i'm mistaken desu
>>2100133
You only pay that shit if you sell it.
Unless America is fucking retarded.
>>2100133
Can confirm capital gains tax is only incurred when you sell. However, you may have to pay short-term cap gains tax, which is the same as your income, if you held the asset less than 1 year. If your primary income is from trading, you pay regular income tax on all gains.
t. tax law student (^ US law)