Exit plan doubts by toofasteddie

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @toofasteddie · May 3 '21

$8.91

Exit plan doubts

The dominance of bitcoin is plummeting, steadily even though the Total Market cap is on the verge of reaching a new ATH. We are clearly in what would be called ALTCOIN SEASON
Honestly, I think this is happening very prematurely. I wasn't expecting an altcoin season until well into June and it seems like it's been at least a month early.
The chances therefore of seeing BITCOIN close to 100K seem to decrease although, what the hell !, 60000 is quite a feat!
It is very likely however that we will see Major Altcoins like ETHEREUM bordering on 10K per token, which is also incredible madness.
Is it time to plan a good outing maybe?
I don't know, but we have to be vigilant and remember the preceding story.
BTC flows to the MAJOR ALTCOINS, then to the Medium Cap Alts and later to all the others. The cycle will continue after collecting in Stable Coin, most likely on TETHER and when the market has completely deflated it will be time to return to BITCOIN, if you have not extracted the profits in FIAT money.
For my part, the cycle slows down in TETHER maybe ... I don't want to discover all my profits to the state and the way to make it more evident is to withdraw the profits in FIAT ... However, at some point we will have to pay taxes , and it's not that I don't want to, I think that taxes are necessary in some way to pay for the welfare state that we all enjoy... the problem is that the tax declaration becomes highly complex for people like me who trade crypto on a daily basis and that we can do thousands of operations in a year.
On the other hand, it is not very clear how to declare the profits produced by projects like HIVE neither...
how do we declare profits from something that, by the mere fact of having it, generates dividends when staking?
How do we explain to the tax office that by the simple act of upvoting we are already generating a profit?
Doubts and more doubts, nothing clear at the moment...

![image.png](https://images.hive.blog/DQmaMg5dKNa7vEBkw2PJCxChzwXH5FEjnYcmarHX9L74dxh/image.png)
@toofasteddie

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@toofasteddie/exit-plan-doubts)

👍 alexis555, steemcleaners, actnearn, slobberchops, dalz, cryptospa, devann, xels, chorock, joetunex, isotonic, logic, snoochieboochies, erikklok, steemmillionaire, gimp, cryptomaniacsgr, toofasteddie, ronak10, amico, stevelivingston, maarnio, scalextrix, empoderat, calisay, plantstoplanks, dannewton, warnas, runningproject, akertxu, sbi7, fullcoverbetting, mrhill, mitchelljaworski, voter000, portugalcoin, run.vince.run, mrsbozz, soufiani, manuvert, jeronimorubio, zainenn, ultratrain, beehivetrader, dcooperation, leoline, beiker, argon, aleister, crimianales, elpatoverde, rehan12, king-cobra, fatman, mirrors, ikaro, kendra19, pataty69, lauriki, soluce07, trumpman2, voxmortis, resiliencia.leo, abh12345.sports, and 22 others

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properties (23)vote details (86)

voter	rshares	pct
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logic	233,707,265,902	75%
maarnio	50,144,804,999	7%
steemcleaners	1,680,712,737,314	60%
mitchelljaworski	17,331,565,944	100%
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toofasteddie	72,210,374,104	15%
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argon	9,020,330,300	33%
steemmillionaire	154,050,838,135	50%
fatman	7,118,779,647	2%
plantstoplanks	44,368,545,362	14%
pataty69	4,048,641,439	10%
joetunex	240,446,895,691	74%
ronak10	57,072,287,075	100%
lottje	894,907,551	100%
mrhill	20,853,784,314	70%
beiker	9,226,768,065	100%
soluce07	2,631,754,345	50%
girolamomarotta	558,621,185	2%
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chorock	259,997,614,835	40%
fullcoverbetting	29,059,033,941	60%
warnas	41,901,579,410	10%
soufiani	13,993,452,255	8%
criptoar	1,545,245,629	100%
runningproject	41,700,003,341	70%
erikklok	164,738,041,900	100%
amico	56,115,057,212	7.16%
jeronimorubio	12,587,245,756	10%
redlambo	1,005,416,536	100%
run.vince.run	14,966,335,374	35%
isotonic	240,300,811,853	100%
calisay	45,743,136,633	100%
trumpman2	2,494,225,240	25%
cryptospa	399,701,383,129	100%
slobberchops	824,633,492,724	15%
cryptomaniacsgr	91,671,838,589	50%
akertxu	41,120,807,787	100%
mirrors	7,049,955,037	100%
dalz	402,477,433,264	50%
zainenn	12,505,683,746	10%
sbi7	34,163,111,391	5.86%
voxmortis	1,844,654,143	1%
dcooperation	10,972,885,227	10%
munhenhos	917,613,894	10%
behelen	644,300,250	10%
oakshieldholding	622,204,847	25%
voter000	17,174,792,116	44.8%
actnearn	1,421,987,561,855	100%
king-cobra	7,647,798,953	100%
devann	370,662,422,663	100%
mrsbozz	14,523,133,106	60%
haxxdump	117,713,992	10%
kendra19	4,205,455,086	100%
ultratrain	12,306,206,000	75%
dalz1	955,382,792	70%
abh12345.sports	1,595,457,799	50%
empoderat	49,538,657,315	100%
toofast-ace	1,348,979,477	100%
thranax	1,398,009,090	5%
spinvest-leo	1,171,063,335	4%
tonimontana.leo	415,391,355	18.9%
tonimontana.neo	0	0.37%
oelgniksivart	830,465,024	25%
snoochieboochies	231,706,473,993	25%
crimianales	7,990,919,346	99.73%
chireerocks.leo	100,462,361	100%
empoderat.leo	39,706,155	33%
toni.pal	0	0.93%
gimp	143,543,059,034	12%
platino94	167,693,693	33%
beehivetrader	11,449,694,954	100%
dannewton	41,921,623,898	100%
manuvert	13,134,334,805	40%
resiliencia.leo	1,833,545,602	100%
leoline	10,919,580,925	60%
slobberchops.leo	122,286,949	30%
ikaro	5,278,378,285	100%
shurbertum	644,393,345	100%
elpatoverde	7,910,979,487	100%

@acesontop · May 3 '21

$0.06

We're gonna have a hot month in crypto. I'm not going to pay any taxes though. If they can print money out of thin air what's the point of taxes.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/re-toofasteddie-3s84lr)

👍 toofasteddie

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properties (23)vote details (1)

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@akertxu · May 8 '21

A ver que pasa en la zona esta ahora la dominancia...

![image.png](https://files.peakd.com/file/peakd-hive/akertxu/48FEA8LUYLKKGWzh8MBoZ74rpXS4foJrHR7evn4mcGJoqvrVHu8kwYYS9LpdZFSo3r.png)

properties (22)

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@empress-eremmy · May 3 '21

$0.20

Isn't there an agency that should shoulder the responsibility of calculating tax obligations?

👍 isotonic, toofasteddie, elpatoverde, toofast-ace

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properties (23)vote details (4)

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@toofasteddie · May 3 '21

Nop

properties (22)

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@fullcoverbetting · May 3 '21

$0.08

In the past I did learn that there is also another FOMO. The fear of selling. We must remind ourselves that it is only a profit when the money in back into fiat. Otherwise it is only a virtual profit in my eyes. But each time I do want to sell, something in the back of my mind tells me that it is too soon and that it can go higher. So the fear of missing out some more profit. This goes until the point that I did miss the peak and in crypto the missing out of the peak often results in a major decrease in the coin you were planning to sell :(
So yes an exit plan is a great idea, but only if you do follow and don't step into the feam of selling.

Cheers,
Peter

👍 toofasteddie

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properties (23)vote details (1)

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@joetunex · May 3 '21

$0.05

The tax man doesn't want to understand how curation on Hive earns you money, he just wants you to pay tax! 😂😂

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@joetunex/re-toofasteddie-bjkvs)

👍 toofasteddie

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properties (23)vote details (1)

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@toofasteddie · May 3 '21

That's true, the question is how much we have to pay and based on what

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@joetunex · May 3 '21

This things varies from region and to be honest in SA one has to pay tax as well which I don't know the process. I guess when the time comes for spending I will find out but until then I will keep stacking and learn from others how they pay tax 😃

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@joetunex/re-toofasteddie-5cwjpn)

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@steemmillionaire · May 3 '21 (edited)

$0.08

I believe that taxation should be voluntary, and each of us should have the freedom to choose how much and for what purpose our taxes should be used for. This will make the state part of our lives, and not a silent enemy that knows better what is good for us. But I have no power to change the current way imposed to us to the tyranny of the state, and therefore I choose not to exchange any crypto to fiat. If the state want my money, then they should accept BTC and altcoins.

👍 toofasteddie

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properties (23)vote details (1)

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@toofasteddie · May 3 '21

That's what I think also.

properties (22)