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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="quad" data-source="post: 16664258" data-attributes="member: 17952"><p>Bitboy Crypto said if you're not in ETH now you missed the boat like you did Bitcoin. And that Cardano would be a better option to gain entry.</p><p></p><p>Then in another video he says ETH might touch $20,000 this year. Earlier in the year he predicted $27,000. That's still a 5-6x increase from the current price! He is all over the place lol!</p><p></p><p>Could ETH go to $20k this year? If it follows Bitcoin's 2017 path which it has so far then yes it could. For a short while. But if that were to happen it will probably crash down again. The question is how low. The deflationary narrative for ETH, coupled with ETH 2.0 being around the corner and all the use cases that Ethereum has could give the bull run more legs. Nobody knows though. I won't be cashing out all my ETH even if it goes to $20k. Selling just 20 ETH @ $20,000 would net $400,000. But then you have a hefty tax bill. I really don't feel like paying all those capital gains taxes. And long term ETH could go much higher than $20K.</p><p></p><p>Bitboy says he plans on selling 80% of his portfolio and then buy back in lower. Well I hope he is getting ready to be raped by Uncle Sam when it comes to paying taxes. How much capital gains tax would he have to pay on + $10 million?</p></blockquote><p></p>
[QUOTE="quad, post: 16664258, member: 17952"] Bitboy Crypto said if you're not in ETH now you missed the boat like you did Bitcoin. And that Cardano would be a better option to gain entry. Then in another video he says ETH might touch $20,000 this year. Earlier in the year he predicted $27,000. That's still a 5-6x increase from the current price! He is all over the place lol! Could ETH go to $20k this year? If it follows Bitcoin's 2017 path which it has so far then yes it could. For a short while. But if that were to happen it will probably crash down again. The question is how low. The deflationary narrative for ETH, coupled with ETH 2.0 being around the corner and all the use cases that Ethereum has could give the bull run more legs. Nobody knows though. I won't be cashing out all my ETH even if it goes to $20k. Selling just 20 ETH @ $20,000 would net $400,000. But then you have a hefty tax bill. I really don't feel like paying all those capital gains taxes. And long term ETH could go much higher than $20K. Bitboy says he plans on selling 80% of his portfolio and then buy back in lower. Well I hope he is getting ready to be raped by Uncle Sam when it comes to paying taxes. How much capital gains tax would he have to pay on + $10 million? [/QUOTE]
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