Folks are speculating bitcoin gains to get pounded.
I just converted my two alt coins into USDC which is stable and pegged to the dollar. I’ll convert it back when crypto stops it’s free fall.
$250 crypto purchase turned into $470 and then I cashed out $300 to buy tractor tires.
Then that remaining $170 turned into $150 and then $120 as of this morning so I converted it to USDC.
Pulled the $300 when it was at an all time high so the timing was good, even if dumb luck. Two days later, all crypto started it’s downhill slide.
Bitcoin capital gains are not reported to IRS.