Many individuals discuss theoretical situations, like XRP increasing to $13 and then falling to $7 before rising again, expressing a desire to sell at peak prices and repurchase at lower ones. While this seems like a strategic approach, I’m curious about how they manage to speak so casually about this, considering that the government will demand 20-50% of those gains as capital gains tax the following year. This uncertainty is why I’ve hesitated to sell, despite having strong instincts about the best times to trade. Back in December, I was reluctant to cash out, dreading the potential tax bill in 2025. 
one option people conside is using tax loss harvesting, this helps reduce potential capital gains by offsetting it with losses. Also, some crypto folks just aren’t fully aware of the tax implications or choose to ignore them, hoping to deal with that later. Not ideal, but it happens. 