2J·

Realize Bitcoin profits and pay taxes or join in the correction and drink tea

Good morning GQ 🙌

How would you handle this? Would you rather sell with taxes and in the best case get back in after the correction or would you rather wait for the correction and then get back in? What would be your strategy? I have to say that I am very convinced of Bitcoin in the long term and can well imagine that these values will be topped by 1000 percent from now on. However, it always plays a big role psychologically where you look at your profit afterwards and think to yourself, I would have rather sold and bought again. As everyone knows it. How would you handle that? I would be interested to know.

$BTC (+1,19 %)
$ETH (+1,93 %)
#bitcon
#steuern
#crypto

29 Commentaires

CrashBurner@Psychedelic_Sunflower

Hodl. Look at how the money is being spent and decide for yourself if you want to pay avoidable taxes for it.
And where is it written in stone that a major correction is imminent?

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KoenigsRasse@KoenigsRasse

@Psychedelic_Sunflower That's simply the cycle. Of course, it depends on where it reaches its ceiling. Nobody can guarantee it, nor do I have a crystal ball. But should it reach €120,000? I can well imagine it crashing back down to around 70,000 - I'm just going on the basis of the past, but you're right. There is no guarantee. Glass balls have none and it's a completely different time now than before.
When I think that even Sparkasse now offers its customers Bitcoin 🤣

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trader_2715@trader_2715

The question is, do you need the money now or not? The BTC will crack 1 million sooner or later, so who can hodl hodl 😉

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Philip@FilFree

Since you have to pay tax on $BTC at your personal tax rate and not just withholding tax, I would definitely wait for the holding period otherwise you will give up almost half of it straight away.

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Maverick@Pete_Mitchell

@FilFree How do you know his tax rate?

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equity_expert_2121@equity_expert_2121

Half is probably an exaggeration. Nevertheless, it is of course tasty if it is tax-free.
What I'm wondering is whether Germany will take this tax exemption and we'll end up looking stupid 🤷

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Philip@FilFree

@Pete_Mitchell I asked Google 👍🏻

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Zackdela79@Zackdela79

Another important question is how far you think it will drop. Otherwise, the difference between the tax paid and the cheaper re-entry may be so marginal that it's definitely not worth it.

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Stefan21@stefan_21

Ultimately, you have to know for yourself. If you need the money in the next few years, you can realize some of it.
But if you don't need the money, I would definitely hold on. Otherwise you'll just be annoyed in the long run :)

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KoenigsRasse@KoenigsRasse

@stefan_21 I have that feeling too Stefan! It's so bull*#% that half of it is being taken from us 🧌
I have mega profits in Bitcoin, because I also exchanged piles of cryptocurrencies in Bitcoin in November when the last run was. So I have a much higher profit in real terms. I actually doubt that I could still go into the red, but on the other hand I could possibly improve my price a bit with a correction at €50,000, for example. I want to get the old maximum out of it.
For this reason, I have also decided to include companies such as Microstrategie $MSTR and Metaplanet $3350
So that I can satisfy my psyche a bit here for the upcoming corrections 🤣
I buy them and sell them regularly for taxes. Do we have to pay on it either way?

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Stefan21@stefan_21

@KoenigsRasse if I were you, I would rather realize profits with Strategy and Metaplanet from time to time - in the next bear market they will probably be punished harder than Bitcoin :)
When will Bitcoin become tax-free for you? At the end of the year?

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KoenigsRasse@KoenigsRasse

@stefan_21 no because I always get presents from the kids or from the wife, I now have the holding period May 26 according to the current situation
Of course, it can look completely different again from Christmas 😍

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Simon@sc1

@KoenigsRasse The FIFO principle still applies, doesn't it?
Then you could also sell part of it earlier, which would then be tax-free!
But I would wait until the fall to sell. I'm doing exactly as Stefan described above and holding my Bitcoin (at least until the autumn) and realizing profits on MSTR in the meantime if necessary.

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James@jDigg

My lucky day is at the beginning of September - 1 year hodl over. Let's see what happens between now and then and take a partial prize. I also think it will continue quietly until October.

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“Klaatu_Barada_Nikto!“@Ash

I bought my first Bitcoin via Trade Republic and they will become tax-free on 02.09. this year. As the plan has long been to convert them into real $BTC to move them to the cold wallet, I will try to sell them as close to the top as possible. My crystal ball 🔮 tells me that this will be the case at the end of September and beginning of October, before we enter the bear market again. New purchases will then be made here. Will the plan work? I think so. Can I have a belly landing? That could also happen. Time will tell. 😊

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d5446@d5446

@Ash As far as I know, you cannot transfer BTC from TR to another wallet, as they are only certificates.

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QUANTIJS@QUANTIJS

I would drink coffee instead

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SGP@Koenigmidas

Everyone has to decide for themselves I only invest money that I do not need, hence the question why I should realize now? There are always corrections, just watch the on-chain data. What do you mean by 1000 percent topped?

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Testo-Investor@Testo-Investor

cycle, sell everything until the end of 25. buy MASSIVELY more in the bear market 2026!!!! quite clearly.

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Testo-Investor@Testo-Investor

It makes absolutely no sense to do a round trip with your winnings... Imagine... btc goes to 200k and you're in profit assuming 100 €, then btc is sold off again to 80 k.... you lose the 100 k and could have bought 2.5 btc at the 80 k if you had sold at 200 k, but no, you held and still "only" have 1 BTC.

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Ph1l1pp@Ph1l1pp

Joyful July

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Michael@Happysurfer

The first question is until how long you have to pay tax. So from when do you have the 1-year holding period?
If you bought via a savings plan, you can see if you don't want to make partial sales for your conscience.
I distributed my bitcoins and wanted to realize a few profits anyway.
So fortunately I'm out of the tax situation.

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KoenigsRasse@KoenigsRasse

@Happysurfer The problem for me is that I sometimes receive bitcoins from the kids via their wallet for Father's Day. I also often receive bitcoins for birthdays or Christmas. My current holding period would be May 2026 to be able to sell tax-free.

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Michael@Happysurfer

@KoenigsRasse you know that the first in first out principle applies, i.e. on the day you bought them, they are tax-free after one year. And I'm assuming that you've been transferred sats. With bitcoins you would be Steinmeier 😀

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KoenigsRasse@KoenigsRasse

@Happysurfer So that means that the decisive factor is when I bought, i.e. when I bought bitcoins with fiat money, then I am already tax-free. I assumed that as soon as an entry is made. I wonder if the holding period is one year, was I mistaken?

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KoenigsRasse@KoenigsRasse

@KoenigsRasse @stefan_21 Is that really the case?

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Stefan21@stefan_21

@KoenigsRasse if you buy monthly e.g. for 100€, 1 year + 1 day later these sats bought for 100€ become tax-free. This means that your holdings will gradually become tax-free.
If you are unsure, register with CoinTracking, where you can import all your transactions free of charge and then you will be shown how much of your holdings are already tax-free and how much will become tax-free when. This is very practical :)

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Michael@Happysurfer

This only counts for the quantity you bought that day and does not always start from the beginning when you buy new

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d5446@d5446

There could also be a change in taxation in the meantime. Then only the cryptos would be tax-free before the change in the law. (1 year holding period)

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