ETH to altcoins
ETH to altcoins
At the current price, I have almost 2.5x my original investment in ETH. To increase my gains, I’m considering selling my ETH to increase my position in some altcoins (ADA, AVAX, LINK, XRP, SOL, and SUI). However, I am not sure it would he worth the risk. If I decide to stick with ETH, how likely am I to see more significant growth? Would like to hear some opinions on this strategy.
Luwis K Answered question November 18, 2024
Don’t forget capital gains tax if you live in a country that you need to report.
Keep aside 30%-50% of your ETH gains if you sell. Otherwise if you FOMO into alt coins and they dump between now and Dec 31 you’re going to be on the hook for your taxes and your money locked up in Alts which crashed.
Luwis K Answered question November 18, 2024