04-05-2021, 01:11 AM
Invest in what you believe in, don't go for pump and dumps, my note for newbies.
<!-- SC_OFF --><div class="md"><p>I have been investing in crypto for a while now and have gained and lost, I have a bit in BTC and ETH that I have let sit for 5 years and yes great profit. </p> <p>Decided to do "shit" coins Jumped on the hype of a few pump and dumps but got in late a majority of times... you end up loosing or risking to much.</p> <p>I have found that the tech I had researched and believe will be a great business product have naturally grown 100-1000% in 3 months, I don't want to list them as its against the rules, but I implore you to do your own research before investing and looking at the advanced charts.</p> <p>Each to there own investment strategy but be aware of tax laws in your country, e.g. in Australia you pay tax on your gains with every swap, so if you chase the pump and dumps you could be in trouble, if you invest in something you believe in and it flys you will generally make more with way less hustle. </p> <p>I have a few friends who have invested and swapped in and out all year making 300-400k in profit, I have a feeling they are not going to have a good tax time.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/RufflezAU"> /u/RufflezAU </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mjmjh3/invest_in_what_you_believe_in_dont_go_for_pump/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mjmjh3/invest_in_what_you_believe_in_dont_go_for_pump/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I have been investing in crypto for a while now and have gained and lost, I have a bit in BTC and ETH that I have let sit for 5 years and yes great profit. </p> <p>Decided to do "shit" coins Jumped on the hype of a few pump and dumps but got in late a majority of times... you end up loosing or risking to much.</p> <p>I have found that the tech I had researched and believe will be a great business product have naturally grown 100-1000% in 3 months, I don't want to list them as its against the rules, but I implore you to do your own research before investing and looking at the advanced charts.</p> <p>Each to there own investment strategy but be aware of tax laws in your country, e.g. in Australia you pay tax on your gains with every swap, so if you chase the pump and dumps you could be in trouble, if you invest in something you believe in and it flys you will generally make more with way less hustle. </p> <p>I have a few friends who have invested and swapped in and out all year making 300-400k in profit, I have a feeling they are not going to have a good tax time.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/RufflezAU"> /u/RufflezAU </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mjmjh3/invest_in_what_you_believe_in_dont_go_for_pump/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mjmjh3/invest_in_what_you_believe_in_dont_go_for_pump/">[comments]</a></span>Kind Regards R