Cryptocurrency Q&A
What happens if you hold crypto?
What happens if you hold crypto?
Martina
Sat Nov 30 2024
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7 answers
1570
I'm wondering about the consequences or outcomes of holding cryptocurrency. What are the potential impacts, both positive and negative, that could arise from holding onto my crypto assets?
7 answers
Dreamchaser
Mon Dec 02 2024
Therefore, there is no taxation imposed on the crypto while it remains in your possession.
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JamesBrown
Mon Dec 02 2024
Taxation occurs only when you sell the cryptocurrency asset.
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Elena
Mon Dec 02 2024
Upon selling, you may receive cash or units of another cryptocurrency.
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SumoMight
Mon Dec 02 2024
Holding cryptocurrency does not immediately result in gains or losses.
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Riccardo
Mon Dec 02 2024
This action of selling marks the realization of gains or losses.
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