So whether you're bouncing in and
out of the crypto
market, or
simply taking a hope - and - pray strategy that the IRS won't come knocking, it's best to remember that
staying 100 percent compliant is the key.
As I've noted before, for an investor looking to capture all the
market's long - term returns with substantially less downside risk, it would actually have been enough, historically, to
simply step
out of the
market on a price / peak multiple
of 19 and then wait for a 30 % plunge before repurchasing stocks, even if that meant
staying out of the
market for years in the interim.