My brother has been bragging about crypto gains for the last while, sending screenshots of things going up 125% in 24 hours type of deal. Today I kind of laid it on the rug, he is up 30% in the last year. Nice return, but my main stock account is up by more than that. I think he gets blinded by the gains and refuses to sell.
Is the trick to small crypto to sell when you see a rapid acceleration in the growth rate and get out before it comes crashing down?
Can you invest in TFSA, LIRA, RRSP accounts? If it is all unregistered, there are tax complications. I haven’t done my homework, but there are lots of smart crypto people around here.
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