Thinking about selling your Bitcoin but not sure if it’s the right time? In this video, we’ll walk you through 5 essential questions to consider before making your decision. From your original motivation to tax implications, we’ll help you make an informed choice. 📈💸

Here’s what we’ll cover: 
1️⃣ What Was Your Original Motivation? - Were you investing for the long haul or short-term profit?
2️⃣ What’s Your Risk Tolerance? - Can you handle crypto volatility or do you need stability?
3️⃣ How Will Your Profits or Losses Be Taxed? - Understand your tax liability before selling.
4️⃣ Short-Term vs. Long-Term Capital Gains - Will your gains be taxed at lower long-term rates?
5️⃣ Have You Considered Tax-Loss Harvesting? - Selling at a loss could have tax benefits.

💡 Bonus Tip: If you don’t want to sell but need cash, consider taking out a crypto loan with BTC as collateral. And if you do decide to sell, remember that CoinLedger can help you calculate your tax liability and generate accurate tax reports instantly!

Timestamps

00:00 - Intro
00:23 - #1: What Was Your Original Motivation?: Long-term vs. short-term investing
00:41 - #2: What’s Your Risk Tolerance?: Assessing your comfort with volatility
01:00 - #3: How Will Your Profits or Losses Be Taxed?: Understanding your tax liability
01:21 - #4: Short-Term vs. Long-Term Capital Gains: Timing your sale for tax benefits
01:48 - #5: Have You Considered Tax-Loss Harvesting?: Taking advantage of losses for tax benefits

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