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ZEC · 2w

A discussion on taxes and why trading is usually a bad idea.

When volatility occurs (in either direction) it can be tempting to trade, which I believe is usually to the detriment of the trader. Let me explain. The first thing that you have to accept is that we are unable to predict with sufficient frequency the movement of assets to make trading a consistently profitable endeavor across n of traders for any time scale (im excluding hft and arbitrage) The second and more important point is that your tax treatment matters a lot, and all it takes is one trade to start from day 1 again. The third point is that identifying the beginning or end of a macro trend isn't something a person can do reliably, but you can identify when you're in one. Cryptocurrency, along with most other assets are in a bull market. Tldr: zodling beats trading.
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