Shiba Inu ten days before its record turns five: what matters now is the holding period

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.On October 27 the all-time high of Shiba Inu turns five years old, and the price stands 94.2 percent below it. For holders in Germany nothing about that date hinges on the price; it hinges on the one-year deadline in section 23 of the Income Tax Act.On October 27 the all-time high of Shiba Inu turns five years old. The price stood at $0.00000500 on Saturday evening, 94.2 percent below that record. For investors in Germany the anniversary raises a deadline question rather than a price question. Anyone selling SHIB settles the tax on the acquisition date, not on the price level, and the dividing line sits at twelve months. The price series of the past twelve months shows how much is at stake. What happened on October 27, 2021 At 19:54 UTC on October 27, 2021, SHIB traded at $0.00008616. That is still the highest level ever recorded, according to the price database CoinGecko, which is also the source of every other price figure in this article. In euros, the peak that same day came...