Not going to lie. Bitcoin is looking to end up dumping even more in the coming days and I am preparing to see prices drop super ultra low soon...
With all of the talk about taxes and crypto its looking like I will be nearly cleaned out of all of my crypto and still potentially owe more money on top of that. I was never expecting a scenario where taxes would be more than 100% of my earnings. I wasn't expecting this to play out this way. from what I can tell if we see another strong dip to 6k and it doesn't recover by April. I will probably have to lose my dolphin status here. Its very possible I will have to sell everything and I will still be in debt.
To say this is a kick in the nuts is beyond an understatement.