RE: RE: What's your Crypto exit strategy?
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RE: What's your Crypto exit strategy?

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5y

Exit strategy?

Well, we could talk about an exit strategy if cryptos were the Titanic.
But, cryptos would be the life boat, you have left the Titanic for.

What is the exit strategy for the life boat?
Nothing until you get to dry land, a safe harbor.

If you are trading one good for another good, how is that a taxable event?
I never convert cryptos into cash or a cash like crypto.

Further, is it your cyrpto? Is it really your crypto until you send it?
A case could be made that, that is the case.

Anyway, what i will do with crypto is trade it for things i need. Like land, a greenhouse, a workshop.
And that is a trade of equal value. I have gained nothing, nor lost anything.
It may have to be notified to the tax authority, but when they can tax that, they can tax you for breathing.
(and they are working on that)

So, ima just gonna HODL till the tax authority calls it quits.