Post A2MUaG65MYwp6ITh8i by rumblestiltskin@mastodon.technology
 (DIR) More posts by rumblestiltskin@mastodon.technology
 (DIR) Post #A2MPn8WMLJvzb55YTg by matt@oslo.town
       2020-12-19T13:39:15Z
       
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       Now #Bitcoin :btc:  is at an all time high, I  know I should probably sell... but will I??? 😩
       
 (DIR) Post #A2MSU4Jo2jgKvKofqq by Nikolai_Kingsley@dobbs.town
       2020-12-19T14:09:31Z
       
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       @matt if you do, i'd like to know how, and for what - cash, or some other cryptocurrency, and roughly how much the fees were.
       
 (DIR) Post #A2MUaG65MYwp6ITh8i by rumblestiltskin@mastodon.technology
       2020-12-19T14:33:01Z
       
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       @mattMy head says sell but it just keeps going up!
       
 (DIR) Post #A2MhTFOerqp4Iz9V32 by matt@oslo.town
       2020-12-19T16:57:32Z
       
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       @Nikolai_Kingsley If I sell, I’m thinking to probably convert it into a stable coin. And then buy back into Bitcoin when the price drops. If it drops. I missed this opportunity in 2017. And I guess the value won’t continue to grow without collapsing again first.
       
 (DIR) Post #A2MmQ5GyYEPBoBrzGa by Nikolai_Kingsley@dobbs.town
       2020-12-19T17:52:47Z
       
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       @matt is "a stable coin" another kind of cryptocurrency? does this ever get near something you can buy food with?
       
 (DIR) Post #A2MtuFMgIELxTVrtY0 by matt@oslo.town
       2020-12-19T19:16:51Z
       
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       @Nikolai_Kingsley Oh, a stable coin is another kind of cryptocurrency. Popular ones are Tether and Dai. The value of each is tied to the US dollar.Cryptocurrencies are treated as an asset like shares. And so when I sell back to my local currency I would officially need to pay a gains tax on the profit.But I believe if I keep the value in cryptocurrency, I don't need to declare anything.Which would allow me to put it back into Bitcoin if/when the price came down.
       
 (DIR) Post #A2NAVATp13kWJ2prrk by vega@snabelen.no
       2020-12-19T22:22:41Z
       
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       @matt Looking at google trends, I plan on selling if the amount of people searching for bitcoin is similiar to november 2017 heights.
       
 (DIR) Post #A2NCQKQ2pqY3altAgq by matt@oslo.town
       2020-12-19T22:44:21Z
       
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       @vega It's classic me to sell just before the boom and then buy back in afterwards. 😆
       
 (DIR) Post #A2NEEKzx3XH1p05tj6 by vega@snabelen.no
       2020-12-19T23:04:29Z
       
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       @matt That happened to me in 2017 as well :P