I made a post today about my China investment, and now I’m doing one about Bitcoin. I’m a strong believer in Bitcoin, but I only entered the market a months ago. I’m not here to trade—I see this as a long-term investment of at least 5 years. If I gain more understanding during the next bull market, I might try to take some profits to reinvest during the next bear market.
Right now, I’m waiting for a bear market to invest more in what I see as real money. Those who are still buying now—are you looking to take profits this year, or do you believe we won’t see another bear market? I’m curious to hear different perspectives.
Also, I think paying taxes on Bitcoin profits goes against the very nature of this currency. So if I ever sell, I hope to be in a tax-free crypto country like Switzerland!
