What's your current guaranteed crypto profit method?
- Thread starter Nw_Work
- Start date
- Sep 10, 2010
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It is an oxymoron. There is no way to guarantee profit even if you are an early investor.
If you are looking for “guaranteed profit”, don’t invest in crypto to begin with. Crypto is great for diversifying your portfolio though. I would put max 1/10th of my asset in crypto, personally.
Nw_Work
Senior Member
- Nov 23, 2019
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Let's say "Almost guaranteed" then?
- Sep 10, 2010
- 11,807
- 26,658
Well, there’s none. Not at-least with crypto. Invest in the top 50 companies in your country. Should work better, tested.
Nw_Work
Senior Member
- Nov 23, 2019
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Already doing that but returns not great thanks to dividend taxs, cap gain taxs and income taxs
- Sep 10, 2010
- 11,807
- 26,658
That is something you will have to learn how to manage if you are gonna invest. You don’t pay anything ito capital gain tax/income tax if you do not sell the stock, if I have not mistaken. Really, speak to a tax consultant who deals with your country.
Nw_Work
Senior Member
- Nov 23, 2019
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- 348
Yes but you want to sell the stock to get the gains since you never know if certain industry crashes and stock plummets you loose time value of money waiting several months/years for price to pickup again..That is something you will have to learn how to manage if you are gonna invest. You don’t pay anything ito capital gain tax/income tax if you do not sell the stock, if I have not mistaken. Really, speak to a tax consultant who deals with your country.
if not sell and try borrow against it you risk liquidation