Converting to INR will attract unwanted TDS and capital gain taxes and so the best option would be to sell it for stable coins and then buy back bitcoin at lower prices after a correction.
So are you using a CEX to convert to stable coins and then transfer it to a non-custodial wallet or any other strategy ?
So are you using a CEX to convert to stable coins and then transfer it to a non-custodial wallet or any other strategy ?
Yeah, that is the idea and I will be using a CEX to do it. I have been using MEXC for a couple of years now and I have not faced any issues so I plan to convert a few amounts of Satoshi into USDT and then wait for the right time. I will not be doing it this year I plan to do it right after Trump has taken the oath. I feel after his oath-taking ceremony Bitcoin will go through the price correction.
That is true, a correction is imminent and looking at the history, bitcoin correction has mostly started around Jan - Feb which coincides with Trump's oath.
I have been holding my stash from a long time and missed taking profits in the previous cycles.
This time I am planning to take some profits to accmulate more coins at cheaper prices. Let's see how that goes for me
I now think the crash will start before December due to that idot Biden. I remember after Kyiv launced those American missiles and Russian retaliation with those MIRV missiles the bull run stopped. For now we are noticing Bitcoin price is going side ways and today it is going down.
As of now I think it has already started and by January before the oath taking ceremony we might again see a bull run. It is possible that we might see Bitcoin reaching the milestone of $100K as a new ATH at that time. The alt season has already started and if you are someone investing in altcoins then think about selling them for USDT.
