My BTC had grown fairly significantly where it was more than 50% of my taxable investments and savings. I had stop losses triggered the other night at 52K. This was an opportunity to take back my capital, and rebuy from a smaller portion of earnings at 47K. Now that my portfolio is back in balance, I don’t fret over the volatility - but man do I hate seeing that weak ass equity allocation move by +/- 2%.

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Question - you feel the tax hit is worth only a 5k swing in btc price?

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To further clarify, I’m probably done with stop losses going forward.

Remember doing this in 2017 but took the profit to buy more spot BTC when it dipped. Didn’t understand how this worked until coinbase sent me a 1099-K.

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Related Posts

do we have to report our virtual currency holdings to our company? For the sake of independence or something?

Hello Fishes,

I have joined hcl on 24 th sep 2021 and my last working day here is 18th May 2022.
Today I received my provisional full and final settlement and the payable amount is negative -11454. They are recovering the full AMPB amount which I got from September months.
I have heard from this platform only that hcl stopped the recovery police but still I got the negative fnf.

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U can’t be wrong if you’re investing in index for long term

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My boyfriend and I make 200K combined and live in NJ. We have $1000 in monthly car payments combined. That’s all we owe. Our credit scores are in the 800s. We have 50K to put down on a home. We have done the math and I know we can afford much more but he doesn’t want to buy more than a 400K home. I’m almost positive we can afford 500K and be more than ok. But then he starts to talk about how much kids cost and how we will be house poor and we won’t be able to afford kids. 🤔 Am I insane??

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Any thoughts of investing in gold or gold related instruments?

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Does Boston Consulting Group have the following?
- HSA
- After tax contributions to 401k w/ in plan Roth conversion

I’m joining in a few weeks and doing some planning on how to adjust my existing accounts/strategy.

Thanks!

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If I see one more article on how millennials are ruining the economy or housing market by not buying enough homes or selling enough homes I'm going to scream. We were saving for 3 years before Covid and had to use a solid chunk to take care of ourselves and our families during quarantine. Now that we're ready to save again inflation and COL are at an all-time high and we're headed into a recession. And somehow this is my fault for what...not being a boomer? Bffr.

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why rent over buy; seems like “throwing money” away?

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Not sure if this is the right place to post this but who do you all use for financial management/financial advisors? My stuff is getting a little complex with some real estate and retirement accounts.

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Does LTA and phone allowance are processed each month as a taxable income if we do not produce the bills ?

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This is the time to buy a bag of some coin that you like and hold it for a few years. I'm prepared to hold my Bitcoin and ether till 2022.

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25lpa in big 4 or 22k aed per month salary in sharjah with 4.5 days working in govt company which one is better ?
Have wife and kid with no emi and loan and living in own house in India.

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Didn’t invest in LTC early on, it went down to 260 today - worth pulling the plug on it?

Anybody have experience with JD-specific mortgage loans? I know BBVA offers one

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For EESP - which is better share withholding or payroll withholding? Thoughts?

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I'm finishing renovations on a 2-story 3 bed / 2 bath apartment two blocks away from Girard Station, 3 blocks from the main strip in Fishtown.

Will be ready by mid-April. Asking $2,200/mo rent. Has an outdoor deck in the rear. DM if interested.

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How does pwc’s wealth builder plan work ?

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Should I take an L on Paysafe? Feel like none of these SPAC stocks are going to have upward movement anytime soon

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Anyone have advice on protesting property tax increases for a recently purchased home?

Appraised value went from 540K to 700K...

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I’m a Canadian on a TN visa. Am I allowed to trade crypto on Robinhood? If so, can I trade the same coin multiple times in one day (day trading)? What tax implications would this have for me other than the standard capital gains considerations?

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More Posts

I have recently joined EY.
@can someone help me how to fill time sheet
And how to connect to EYRC Accenture EY

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One bite of bitter melon as a kid; I refuse to eat it to this day! 🤢

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How much TC can I expect if I go to a small family shop PE firm in a role that does both investment side and ops side? Trying to see if it makes sense to leave my current job where my TC is around $200k as a senior

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Hello everyone! Please is there anyone who could kindly give a referral for the associate, compliance, risk and due diligence role (Canada) advertised by Kroll? I have been trying to reach the recruiter for ages! I would be really grateful. Thank you.

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Could someone take a look at my about me section for my LinkedIn pls. Would appreciate some feedback. Trying to transition from reception job to selenium or lean six sigma. Please dm me!

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I’m an internal consultant of a bank, a bit tired of the internal administration and bureaucracy. Just wondering if you have to deal with the same if you work in a consulting firm instead?

Hi guys.
I am a senior analyst in a big4, passed out recently. I wanna work for financial institutions like
Citi Barclays UBS HSBC India . I am skilled It will be very helpful if someone can give me some insights about the interview procedures for the analyst level roles, skills required, wlb, basically any kind of insights will be appreciated.
Thanks a ton in advance.

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Hi guys what is the expected from CTC for 4 years experience in .net + react js

Why doesn’t Accenture give an inflation relief bonus like every other consulting firm?

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Got the back to office mail today.
What to do?
I don't want to leave home.

Any tips on where to buy cotton that’s not from Xinjiang? It seems like all cotton comes from there ?

Have bad allergies and need to wear 100% cotton.

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36M DC - Anyone fancy a weekday drink downtown?

Just got laid off last week so if anyone knows of any senior designer roles let me know! Going to take some time to revamp my portfolio and resume but I would appreciate any leads.

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Salary range for associate??

I make poor decisions

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Reading Untamed by Glennon Doyle and I want my own Abby!!! Sigh.....

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anyone recommendations on where to watch uefa euro games this weekend?

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Hey Everyone! I’m looking for bookkeeping/accounting/fractional CFO firm recommends for a new but fast scaling film/entertainment industry related business. Any great reccos?

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I do NOT want children. And yet, recently, I’m desperate to spend time with my niece and nephew. I’m panicking that this is the beginning of me changing my mind.

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Additional Posts in Bitcoin (BTC)

thoughts on Messari? Does anyone know what it’s like working there?

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Diamond hands, peeps.

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If anyone is at the Bitcoin conference this week - feel free to hit me up. It is also streaming live I am pretty sure.

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Why does this bowl treat head of strategy like he’s Satoshi Nakomoto? Hedge every currency buy with LINK because it’s a protocol and distributor.

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Sold 10% of my ETH @$2,500 to pull out my initial cap investment - so tempted to throw it into btc on this dip. Should I pull the trigger at $50k or wait for $47k?

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Friend: Bought the dip today?
Me: Yes, and I’ll buy more tomorrow 🚀🤝

Falling knife? Doesn’t matter, I’ll buy even more the next day 💪😈

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The Bank of England governor says that cryptocurrency investors should be prepared to lose all their money🤔🤔🤔

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Newb question: I’ve heard a lot about never selling your BTC and borrowing against it. I like the idea considering I don’t have much. How exactly would that work?

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Tired- Bitcoin Lambos. Wired- Bitcoin Teslas

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Bitcoin about to tank?

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WOW this interest group is so small. We are still so early. I guess I will ask something: Are you buying the "dip"? Also thoughts on DCA vs Lumpsum in btc.

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Just saying... 🤷🏾‍♂️

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Anyone think the federal reserve will end up buying bitcoin to create some stability with the dollar?

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