Crypto Noob: I just sold all my Bitcoin for $10,000 in profit. No more hodling for me.
Crypto Pro:Ouch. That was not a good decision.
Crypto Noob: What do you mean? Didn’t you hear me? I made $10,000 in profit.
Crypto Pro: You bought Bitcoin 364 days ago and by selling your Bitcoin, you triggered short-term capital gains.
Crypto Noob: What does that mean?
Crypto Pro: Well, it means that you have to pay thousands of dollars more in taxes! This is because a lot of short-term capital gains are taxed around 35%, while long-term gains are taxed at 15%. All you would have had done is just sold your cryptocurrency 1 day later?
Crypto Noob: No way… I could have saved thousand of dollars knowing this?
Crypto Pro: Yeah, and if you live in tax free countries or Puerto Rico, you can pay 0% tax on cryptocurrency gains. The best part is that it’s all legal.
What do you think?
Let me know in the comments. 🤔
💻 Join The VIP Cryptocurrency Course and Discord Group:
https://www.joeparys.com/yt/crypto-course
Want to buy with crypto?
Send email to info@joeparys.com with “BUY COURSE WITH CRYPTO” in subject line.
🚀 Connect With Me on Social Media!
➥Follow My Instagram: https://www.instagram.com/joeparys/
➥Twitter: https://twitter.com/JoeParys
➥Follow My TikTok: https://www.tiktok.com/@joeparys
➥My Website: http://www.joeparys.com/
🔥 Videos You Will Want To Watch NEXT🔥
Cryptocurrency Playlist: https://www.joeparys.com/yt/crypto-playlist
🔥 Get FREE Cryptocurrency🔥
💰 Get $25 in FREE Crypto on Crypto.com: https://crypto.com/app/joeparys
💰Get $10 Worth of FREE Bitcoin when buying or selling $100 worth of Crypto!
– Coinbase: https://www.joeparys.com/yt/coinbase
🔺 AFFILIATE LINKS ABOVE 🔺
CONTACT:
For business inquires only, please use this email: info@joeparys.com
DISCLAIMERS:
Please always check with a professional before making any decisions with your money. These videos are for educational purposes only and I am not responsible for your actions in any way. No official financial advice is being given. Never listen to anyone online who tells you to not check with a professional! Joe Parys is not providing you with individual investment advice. Joe Parys is not registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. Joe Parys is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.
Affiliate Disclaimer: These descriptions usually contain affiliate links. If you decide to purchase a product through one of them, I receive a small commission at no cost to you. I never endorse products that I have not personally used myself or not found to be beneficial in my life.
#JoeParys #JoeParysCrypto #CryptoNews #CryptoNewsToday #Bitcoin #Altcoins #Cryptocurrency #NFT #Ethereum #BitcoinNews #BuyBitcoin #BestAltcoins #BestCryptocurrencies #AltcoinGems #cryptotax #cryptotaxes
