CRO $1 seems inevitable. There are rumors of super bowl commercial in the works. If so, that would be a 'sell the news' event in January meaning to get out. Just like when Elon was on SNL and DOGE price plummeted.Whats the top thought for CRO?
Beyond $1 CRO, I'm not sure. I'll have to re-evaluate, but I plan to sell around $1.05 for current bag. I know a lot of people are hoping for a run to $5.
The holidays are here, and crypto generally loves to pump in December. But beware after Dec 31. The general thought is after a big year of gains like this year, everyone is going to have to pay taxes on those capital gains. And a lot people don't have enough cash on hand to pay for taxes on their winnings, especially if they scored big gains. So people start cashing out some of their coins to pay for taxes as tax season draws near, more people start cashing out. This results in a slow and steady pullback.
Of course, flip side is we could keep going up or at least stabilize and avoid another 20 month crypto winter.
Also, don't get caught in a tax problem. If you made big gains this year and know you'll owe taxes, make sure you cash out before Dec 31 with enough money to pay your taxes.
You could easily lose a bunch of money after Dec 31 if the market slides, but because those losses would apply to the new year, you'd still owe a bunch of money for the previous years gains. Because of this, I cash out by Dec 30 with enough to pay all my taxes in full. Then I could lose it all in January and not worry about my tax obligations.