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RE: Why It Makes Sense To Pay A Premium For Steem Dollars
The entire tax thing still confuses me a bit which is why I just send it over to my tax dude when I make a big trade lol. That being said I do believe if you hold your investment for over a year and then sell it your only looking at a fraction of the taxes due to it being a long term investment. However I could be wrong i'm no tax professional.
I'm not a tax professional either, but yes, I believe you're correct. The crypto market has been crazy though - some people have made 10X+ gains in a matter of months.