Selling / 2 posts found
Despite Many Selling Bitcoin at Loss, Bottom Might Not Be Here Yet: Analysis
CryptoQuant analysts informed that a lot of bitcoin investors have been selling at a loss recently since the asset’s price is a long way from its highest levels from a year ago. However, the percentage of investors dumping their possessions now might not be enough to mark a bear market bottom. Citing the aSOPR (adjusted SOPR), which operates similarly to the standard SOPR but excludes all BTC transactions with a lifespan younger than one year, CryptoQuant’s analysis suggested that many investors are selling their bitcoin holdings at a loss now. As such, this could provide a good narrative that the […]
Why Selling Some Bitcoin at a Loss Can Maximize Your Hodling Potential
Steven Lubka is managing director of Swan Private Client Services, a concierge service for high-net worth investors at Swan Bitcoin. In my latest conversations with private clients, the number one question I get asked is about tax loss harvesting (TLH). TLH is best thought of as purposefully selling an investment you bought that is currently below your purchase price to lock in a capital loss on your taxes. Due to bitcoin’s regulatory classifications, there is a unique way to take advantage of tax loss harvesting that isn’t possible with equities! One quick note, the following discussion of TLH strategy is […]