Tag: Investment

Bitcoin: Should You Buy The Dip or Wait?

Bitcoin: Should you buy the dip or wait?
Should you buy Bitcoin now?

Bitcoin is currently trading around $40K give or take. Have you been thinking about adding to your position or buying Bitcoin for the first time? This article is going to help you make the best decision for yourself. Should you buy Bitcoin now or wait for another dip?

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Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started!

Bitcoin (BTC) is probably one of the coolest investment vehicles of our time. This cryptocurrency was as low as $2 at some point; can you believe that? Insanity.

I didn’t get into BTC earlier because like most people, I thought it was too late to invest in it. However, when I found out you could buy fractions of this asset and discovered just how high it could go, my mind was changed.

Will Bitcoin go back up?

If you’ve been following BTC for quite some time now, then you’re no stranger to what just occurred a few weeks back.

Bitcoin took a staggering plunge from $60K down to $30K. If you’re an earlier investor this is just a bump in the road. But if you just opened a position in BTC, then you’re down quite a bit to say the least.

Now, because Bitcoin is deflationary, the value of this asset will continue to skyrocket as long as there is a demand for it.

There is a total of 21 million gill in the crypto market for Bitcoin. This is why the cryptocurrency is so valuable. Unlike Dogecoin, BTC is limited.

And when there’s a low supply (scarcity) with a large demand, the value of an asset goes up. It’s simply the way the world works.

Will Bitcoin reach 100K?

Bitcoin going to $100k, then $150k, then $200k: Chamath

In this clip, CNBC’s host asks former Facebook executive, Chamath where Bitcoin is going next. Chamath correctly predicted the rise of Bitcoin since it’s inception. “Bitcoin is going to $100k, then $150k, then $200k”, he says.

This type of news is quite incredible. BTC is currently trading in the low to mid $30K range. If Bitcoin is to run up that high then parking your money in this investment could prove to be quite a great long term move.

You don’t need to be a financial advisor to identify opportunities and recommend them to people. Allocating money here could outperform index funds and most stock investments.

When will BTC reach 100K?

No one can say for sure. But the data shows it’s absolutely possible. What analysts do know is that the chances of it happening this decade are high.

No index fund, REIT, or stock will yield the return Bitcoin can and has yielded. Investing in BTC could be a strategized trade, or a long term multiplier.

The fact that Chamath believes the price of Bitcoin can even reach $200k+ is mind boggling. Bitcoin is my choice of cryptocurrency at the moment.

Why did Bitcoin’s price drop?

Bitcoin’s price drop is only temporary. Investors like you are looking to take advantage of this discount.

The reason Bitcoin and the entire crypto market dropped was due to institutions liquidating their accounts. For what? Who knows.

Retail investors are speculating institutions did these to cover upcoming margin calls in overleveraged accounts such as AMC Entertainment and GameStop.

Don’t be too quick to write these heavily shorted stocks off though. They could just very well prove to be the catalyst to something much bigger in the markets. Both AMC and GME have negative betas meaning when the markets crash, these two stocks will skyrocket.

Will Bitcoin drop again?

According to JP Morgan, Bitcoin could go back down to as low as $23K. The bank valued BTC between $23K-$35K as of late June but has since gone up. With most experts including JP Morgan predicting a six figure price, now is the perfect time to park your money in Bitcoin.

You could wait for BTC to dip more although the cryptocurrency is already on discount per say. You can’t go wrong with either or. If you trust the data that points towards massive Bitcoin gains, then buying any dip at this point is a steal compared to where it’s going to be later on.

Despite the crypto market bleeding, it seems most investors continue to have a positive outlook on BTC.

Does Frank Nez own Bitcoin?

I do own Bitcoin. In fact I put $100 as a ‘tester’ in BTC right before it plunged. I’ve seen a 40% decrease thus far but continue to hold that small position. The drop didn’t surprise me at all. I understand the massive potential BTC has but I also expected this to happen.

There are so many exciting things going on in the market at the moment. I’m up around 400% in AMC Entertainment stock, so far. This stock is set up for a massive short squeeze and I cannot wait for this rocket to take off.

Regarding crypto, I personally have a strong conviction towards BTC and will be increasing my position as it continues to dip and as soon as I raise more capital for a good investment in it. There’s no doubt in my mind this cryptocurrency will continue to drop short term but run up long term.

Want exclusive access to my portfolio?

I’m excited to use this vehicle as a means to diversify my portfolio and to multiply my investments. If you’re curious to know when I make this large investment, become a Patron over at my Patreon! Here you’ll gain access to these behind-the-scenes moves and real-time updates on my portfolio.

I want to share this information with you because my goal is to help you reach that financial freedom you deserve. I want to share my growth and I want to share the knowledge.

You do not have to follow my footsteps, but you can observe and make an honest assessment to see whether or not my financial steps could also play in your favor.

Thank you for being here today. I look forward to providing you with more value very soon.

Franknez.com

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Capital Gains Taxes: A Simple Walkthrough

Capital gains taxes: a simple walkthrough

Curious of how much money you’ll have to fork up to the IRS in capital gains tax when you cash in your profits? If so, you’re in the right place. This post was tailored just for you.

This topic was requested by Sonia from the discord group. If you aren’t a member yet be sure to join to get your voice heard. People like you are joining our safe community every day.

franknez.com capital gains taxes

Welcome to Franknez.com – the blog where you can digest content on personal finance, side hustle ideas, entrepreneurship, and trending investing topics.

Lets get started.

What are capital gains?

what are capital gains?

Capital gains are the profits from the sale of an asset such as the shares of a particular stock, property, or business.

The community who requested this article surround the AMC and GameStop phenomenon – yup, the awesome apes and rebels fighting the corporate financial system. So, in honor to this growing community, this discussion will be on the capital gains tax of a stock.

Capital gains tax

Capital gains taxes are the taxes you will owe after taking profits from a particular stock.

A lot of you are wondering how much your actual cut will be once you begin to take profits as a shareholder.

What will be my tax rate?

Now this will vary for each and every one of you retail investors. There are 3 main variables that will determine this:

  1. How long you’ve held the stock for before selling
  2. How much you profit
  3. Your tax bracket (if you filed single, married, etc.)

Here’s how this works.

Short-term capital gains

Short-term capital gains tax is a tax on profits from the sales of a stock held less than a year.

What is the tax rate on short-term capital gains?

10%, 12%, 22%, 24% 32%, 35%, or 37%.

This capital gains tax is going to apply to most AMC and GME shareholders.

Long-term capital gains

Long-term capital gains tax is a tax on profits from the sale of a stock held for over one year.

What is the tax rate on long-term capital gains?

0%, 15%, or 20%.

Long-term capital gains will allow retail investors to keep more of their profit.

Profit and Income Tax Bracket

The two tax brackets charts below should provide you with a definitive answer as to what tax rate you will have on your profits.

The taxable income sections refer to your profits$. This will depend on 1) the capital gains and 2) whether you’re filing singe, married filing jointly, married but filing separately, or claiming head of household.


Filing Single or Married Filing Jointly

Source via. kiplinger

The above tax bracket shows your tax rate if you’re filing single, or married jointly.

Married Filing Separately or Head of Household

Source via. kiplinger

This tax bracket is if you’re filing married and filing separately, or are head of household.

franknez.com

“I hope this information will allow you to make a great financial commitment to maximize your profits when filing taxes next year. My mission in life is to help you make the best financial decisions possible and set you on the path towards your financial freedom. “

Frank Nez

Trending: How soon will we see an AMC short squeeze?

If you found this article to be of value or of help please share it with another ape in the community. Remember, you are the change. You are the revolution. You are, amazing.

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