Cryptocurrency Q&A
How long should I wait before selling crypto?
How long should I wait before selling crypto?
amelia_jackson_environmentalist
Thu Jan 23 2025
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7
answers
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I'm holding some cryptocurrency and wondering when the best time would be to sell it. Should I wait for a specific market condition or price point, or is there a general rule of thumb for how long to hold onto crypto before selling?
7 answers
Raffaele
Fri Jan 24 2025
Holding cryptocurrency for more than 365 days qualifies it for long-term gains tax treatment.
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DigitalTreasureHunter
Fri Jan 24 2025
If you are nearing the one-year holding period, it may be beneficial to wait.
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Valentino
Fri Jan 24 2025
This tax category offers more favorable rates compared to short-term gains.
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Sara
Fri Jan 24 2025
Selling after the 365-day mark ensures that your gains are taxed as long-term.
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Stefano
Fri Jan 24 2025
Short-term gains are taxed similarly to ordinary income, often resulting in higher taxes.
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