Losses thread

[Anonymous No.10673478]

Initial: 5k
ATH: 820k
current: 125k
profits taken: 0.00

it hurts so fucking bad bros, i almost made it. I WAS RIGHT THERE. who else fell for the fucking hold meme?

[Anonymous No.10673490]

Intial $50
Ath 3.2 million
Currently 1.1 million

[Anonymous No.10673511]

>>10673478
5k
1.4M
300k

[Anonymous No.10673534]

£33,000
£75,000
£32,200

[Anonymous No.10673545]

Initial 2K
ATH 2K
Current 2350

Entered in January.

[Anonymous No.10673546]

>>10673478
Initial: 55k
ATH: 23k
current: 97k
profits taken: 1.06

[Anonymous No.10673550]

>>10673478

[Anonymous No.10673556]

>>10673478
Hey man at least you're still up 25x, you've got tons of potential to get back near your ATH with enough patience. Just remember to take some profits next time, or Tether up.

[Anonymous No.10673563]

>>10673478
ATH: $10K
Current: $780
I'm from a 3rd worlds countru so I basically lost the chance to live the rich live. I want to fucking kms FUCK REQ
FUCK REQ
FUCK REQ
FUCK REQ
FUCK RQ
FUCK REQ

[Anonymous No.10673565]

I’ve lost everything. I even tried to buy scratch offs yesterday to make up for what I initially invested. I didn’t even win 5 bucks.

I want to die

[Anonymous No.10673567]

Initial: 10K
ATH: 330K
Current: 12K

Still owe 45K taxes.

>>10673478
yep I also fell for it. I know your pain dude. It's daily regret.

[Anonymous No.10673570]

>>10673545
*Current 1350

[Anonymous No.10673573]

Initial: 2k
Ath: 15k
Cashed out:10k (before golden bull)
Current: 6k
66% in link

[Anonymous No.10673581]

>>10673478
hi IRS

[Anonymous No.10673583]

Intial: 112k
ATH: 175k
Current: 50k
Lifetime of wagecuck resumes.

[Anonymous No.10673600]

>>10673478
>Initial: 5k
>current: 125k

LOSSES?
Go fuck yourself you selfish cunt

[Anonymous No.10673607]

>>10673600
You don't know the pain.

[Anonymous No.10673617]

>>10673567

Are you actually going to pay the taxes?

I would be in the same situation if it wasn't for the UK tax year starting in April rather than 1st January. Luckily I can write everything off because I didn't actually make any capital gains within the tax year.

[Anonymous No.10673630]

>>10673478
Don't seek fiat profit. Keep putting money in, this is endgame. Weak hands that aren't willing to fight for their freedom are being shaken out.
This is a good thing, the core grows stronger.

[Anonymous No.10673650]

Initial: $500
ATH: $25K
Current: $2000

Fuck Ambrosus, Fuck Vechain, Fuck REQ

[Anonymous No.10673667]

Initial 30k euro
Peak 150k euro
Current 11k

[Anonymous No.10673675]

down from a mil to 800k atm

[Anonymous No.10673680]

>>10673650
>Fuck REQ
This

[Anonymous No.10673716]

Always remember the bright side, friends

>You can only ever lose 100% :)

[Anonymous No.10673755]

>>10673478
Initial:

$1
ATH:$8MM
Current:$3MM but I took $3MM profit

Will be cashing out fully after next bull run and retiring.

[Anonymous No.10673768]

>>10673755
(You)

[Anonymous No.10673801]

To be honest, I'm not really that interested in the price right now, the tech is what appeals to me (I already deleted my blockfolio). I believe in the project, so the day to day price is of little concern to me. Besides, the entire market has suffered so this was to be expected... imagine you sold etherium at $1, and how you would be kicking yourself for that. I would argue this is a much needed correction and is bullish for the longer term. That said, I wish my pay check would come in sooner so I could make use of these panic sellers. Hopefully the price will stay down and I'll have some time to accumulate. For now the west is keeping it low and there's a lot of baseless fud going around, most of it started by buyers who want to get in cheaper. The fundementals are still great, the partnerships are legit, and there are some big updates coming soon, so just keep accumulating and check back this time next year!

[Anonymous No.10673950]

>>10673478
you are way above you initial. i wish i had 125k be happy bro

[Anonymous No.10673969]

>>10673617
Burger here.

The thing is, i literally can't lol. My crypto is 12K and I owe 45K. I just have to hold. But if somehow we have another moon later this year or next year, I'll probably pay it yeah. last thing I want is to get buttfucked by the IRS

[Anonymous No.10674008]

>$8.5k
>$30k
>3.4k

[Anonymous No.10674026]

>>10673567
>paying taxes on unrealized gains

why?

[Anonymous No.10674049]

>>10674008
JUST

[Anonymous No.10674066]

>$900
>$14K
>cashed out at $3500

[Anonymous No.10674092]

>>10673801
B I N G O
I
N
G
O

[Anonymous No.10674117]

>>10674026
To be honest it is completely fucking retarded. Trust me every fibre of my being does not want to. Here is what is basically goin on in USA

>Shitload of people go into crypto in 2017 and just made lots of trades without giving a fuck about taxes, because we assumed it was on WHAT YOU CASHED OUT ONLY
>End of 2017, article comes out saying starting 2018, every trade is taxable
> Crypto CPA I consult says no you need to pay on every transaction
> but why tho
> Because the IRS eventually will get the records from Coinbase and if Binance etc wants to maintain their large base, IRS will eventually get those records too

So basically, all of these crypto CPAs are telling people to pay to be on the safe side, so that they don't get buttfucked by the IRS 3-5 years from now, in the case that the IRS actually figures out what to do with this shit.

So some people are just going to say fuck you and not pay, and risk being taxed and penalized later. Others will be good goys and pay.

Fuck this entire thing DESU. I'm sure some people owe or are underwater like me.

I don't even know anymore since my crypto is 12k and I owe 45K. I can't do anything but hold. I'm just dead inside.

[Anonymous No.10674118]

Initial 20k
ATH 70k
Current 3k

Fuck.

[Anonymous No.10674150]

>>10673478
STFU you're over 20x your initial.

[Anonymous No.10674164]

>1.5k initial
>12k ath
>820 current

[Anonymous No.10674178]

>>10673755
sweet larp

[Anonymous No.10674180]

>>10674117
im in the same situation. i just hope it goes up enough so i can cash out and cover my taxes maybe i can also get my initial which isnt as much. im still up 12x but owe more than i have right now. which just fucking sucks. and yes i didnt know either that i have to pay on crypto to crypto. its not even that i dont want to pay and do some evade shit. but i just cant pay right now

[Anonymous No.10674279]

>>10673478

initial: 20k
ATH: 200k
current: 50k
profits taken: 70k in January but bought back too early and everything kept dumping

[Anonymous No.10674431]

>>10674117
this is dumb tho, if your shit appreciated and then crashed, what trade was there that needs to be taxed?

>buy shitcoin A (ie buy btc and then immediately trade it for shitcoin)
>shitcoin A 20x's or whatever in january
>crashes right after
>realized gains: $0

at what point was it taxable? This is only an issue if you held ETH for 3 years and then bought alts with it

[Anonymous No.10674472]

>>10673478
I lost 16,647. ATH was 60k. I'm such a fucking idiot. On top of that I need a 5,000 hernia surgery and I still have school loans.

I really fucked up. Don't ever trade margin kids.

[Anonymous No.10674497]

6k
50k
too scared to check ;____; should be around 30k

[Anonymous No.10674560]

>>10674431
It's because people have trades spanning two tax years.

1. Buy BTC in 2017 for $1k.
2. BTC goes to $15k, buy $15k of shitcoin, you now owe capital gains tax on $14k because according to IRS, you realised your gains by trading one coin for another.
3. Your shitcoin crashes 90% in 2018. You now only have $1.5k in crypto but you can't write those $13.5k losses off against the previous years gains because it's two different tax years.
4. Congrats, you now owe more in taxes than the entire value of your crypto.

[Anonymous No.10674589]

>>10674118
I fucking know the feel brah. God I thought I was a genius in january now I see how absolutely retarded this whole market is. Bitcoin might survive but every alt is going straight to zero.

[Anonymous No.10674614]

>>10673478
what did you hodl onto? XRP? LMFAO

[Anonymous No.10674647]

>>10674614
Even if he held bitcoin he'd only have 250k. Only winning move was not holding anything.

[Anonymous No.10674757]

>third world nigger here
initia 35k
ATH 120k
Current 5k
Jobless
Been cashing out to pay bills
> I will end this

[Anonymous No.10674771]

3.5k initial

150k ATH

Cashed out 65k, spent it all on vacations and luxuries

Currently 5k in crypto, owe 18k in taxes next year.

Could be worse

[Anonymous No.10674829]

>initial 2k
>ath 850k+
>crash to 120k
>fall for the bitmex meme
>current: 20k
>profits taken, less than 5k

[Anonymous No.10674882]

>>10673478
Initial: 20k
ATH: 200k
current: 16k
profits taken: 0.00

[Anonymous No.10674906]

>>10674431
>>10674560

Exactly this. Made a trade in 2017 that created a taxable event. In 2018 it all crashed.

[Anonymous No.10674958]

initial:3k
ATH: 85k
profits taken: 1500

well, I can only lose half my money now, thank God I'm not a poorfag so I can afford to wait this out

[Anonymous No.10675021]

>>10674560
>2. BTC goes to $15k, buy $15k of shitcoin
Thats where you fucked up. Should've just bought into ALTS immediately. of course you wouldnt have known to do this tho

[Anonymous No.10675035]

>>10674906
I still think its an unrealized gain though, because you never cashed out.

[Anonymous No.10675055]

>>10675035
I agree but apparently these crypto CPAs say nope better pay the IRS because the IRS wants their cut even if it didn't become USD

[Anonymous No.10675094]

>>10675055
I wouldn't worry about it honestly. Worst case scenario is you get a tax bill later. Nobody is going to jail over some missing taxes <50k

[Anonymous No.10675148]

>>10675055
I would argue its a grey area, like people trading gold for silver or whatever and making a profit from the ratio, its done in private so the government wont ever really know

[Anonymous No.10675187]

>>10673478
yup
initial: 8k
ATH: 650k
current: 40k
profits taken: 5k

i almost wish everything went to $0 so I could just move on with life instead of holding out hope. Oh well, I've become numb to it at this point.

[Anonymous No.10675221]

>>10675094
>>10675148
For sure thanks

[Anonymous No.10675446]

>initial 2k
>ATH 40k
>current $180

[Anonymous No.10675465]

Initial: 1k
ATH: 400k
current: 20k
profits taken: 80k (house, land, biz, no wagie)

[Anonymous No.10675476]

I put $260 into BTC pretty much at the peak, down to about $130 now. I did it more or less as a joke, I did no research or anything of the sort and just YOLO'd it. Sure, losing half my "investment" is shitty but getting to see everyone else with their pink wojaks and multi-thousand dollar losses is worth every penny. Never change, /biz/

[Anonymous No.10675499]

>>10675476
I lost thousands of dollars, have a lawsuit on my head, a grandma that hates me because i took a personal loan from me, and i just lost my job. Life actually sucks right now for me.

[Anonymous No.10675510]

>>10673478
12K
600K
90K
0

[Anonymous No.10675525]

>>10673478
just moved everything to hardware wallets and threw em in the back of the safe

[Anonymous No.10675530]

Initial 1.5k
ATH 250k
Current 35k
Profits taken 30k

Feels meh

[Anonymous No.10675556]

>>10675525
Did the same.fuck it. Just wait some years and forget about this digital beanie babies. Good thing is they can't produce more coins so there will always be collectors value

[Anonymous No.10675558]

Initial 5k
ATH 7k
Current 2.5k

Hehhh lol the sad part is i knew about crypto in 2015

[Anonymous No.10675578]

>>10675556
But you can't actually hold it. It is 1's and 0's.

[Anonymous No.10675591]

>>10673478
Dude cash out and buy later
This shit will go 60% lower the coming months wtf is wrong with you, you have 120k profits

SELL EVERYTHING AND BUY AGAIN IN 3 MONTHS

[Anonymous No.10675658]

gonna assume most of you got in eth early? lucky bastards.

[Anonymous No.10675895]

>>10674117
>I don't even know anymore since my crypto is 12k and I owe 45K

since it's going to $0 anyway and you haven't cashed out, you could have theoretically been hacked at some point and lost everything and then wouldn't be on the hook for any taxes since you no longer own the asset.

[Anonymous No.10675990]

initial: 4k
ath: 4.1k
now: 800usd

fuck 0xBitcoin and Holo

[Anonymous No.10676000]

>>10675895
He inccured the the tax liability at the time he swapped coins. If does not matter if he lost everything today

[Anonymous No.10676007]

>>10673478
initial: $1
ath: literally more money than buffet
current: $1

[Anonymous No.10676028]

Initial: 1k
ath 23k
current(invested a week ago) 250$
Profits taken: 20k

[Anonymous No.10676049]

>>10673478
initial 1,600€
ath 488,000€
current: 460,000€
profits taken: 220,000€

[Anonymous No.10676050]

>>10674829
i lost more on bitmex than this entire crash

never again, i hate leverage trading, manipulated AF and everyone that claims they are succesfull on there are either lying and using inspect element to larp, or is trying to lure people into position, seen it all

[Anonymous No.10676063]

initial: 3K
ATH: 420K
Current:120K

Fucking sucks, but not enough to kill myself over. I have a older friend that last 2 million in the dot com boom back in the 90's, so I have to put my losses into perspective

[Anonymous No.10676101]

>>10676000
depends how long ago he was actively trading

if he swapped coins in say August 2017 that's a taxable event, but then if he lost control of his wallet in December and his total portfolio value went to $0 that's also a taxable event (loss)

Yes if he was making active trades in 2017, never paid taxes, and continued to actively make trades in 2018 then he's on the hook, but I know plenty of people who shit themselves in January and basically didn't make a single trade all year as they hoped the market would turn back around and moon

[Anonymous No.10676127]

>>10673546
Thank god you took that $1 profit.

[Anonymous No.10676518]

>>10673478
ikpj

[Anonymous No.10676535]

>>10676049
how the fuck?

[Anonymous No.10676635]

initial: 6.5k
ATH: 25k
now: $120
t.BitMEX

[Anonymous No.10676678]

>>10673478
1.5k
3k
7.5k
profits taken: 0

Doesn't feel that bad. I fucked up a lot and I'm still ahead as long as Tether doesn't suddenly take a shit. Had a lot of fun along the way. Just wish I didn't betray MONA, could have made 50k easy if I didn't sell so early.

[Anonymous No.10676704]

>>10676635

Thanks.

t. The Bitmex Nigger

[Anonymous No.10676749]

>>10676535
Easy to imagine to me. He bought in circa 2013 or earlier, held for a long time, and when he saw the hyperbolic run towards 19k, he sold.

[Anonymous No.10676836]

>>10673478
Initial: 10k
ATH: 11M
Current: 1.5M
Profits taken 2M

[Anonymous No.10676882]

>>10676704
also fuck Firano the Bomber and fuck NANO

[Anonymous No.10676900]

Initial: 5k
ATH: 5,5M
Current: 1.5M
Profits taken: 400k

[Anonymous No.10676911]

>>10673478
I put 23k into bitconnect the week before it closed. I'm still staking it and it's been going up the past few days. Need it to get back to around 230/token to break even.

[Anonymous No.10676926]

>>10673478
Initial:300$
ATH:22k$
Current:ZERO
Profits Taken: 8k

All things considered it could have been worse, thank God I pulled out when I did

[Anonymous No.10676950]

15k
1mil
58k
profits taken: 0

[Anonymous No.10676951]

>>10673478
OK OP but what happens when you continue to hold and your 125k does another 10-20x down the road? I don't understand why you faggots are so upset you didn't catch a falling knife. Boohoo I'm only up 125k from my initial 5k :( Literally kill yourself faggot.

[Anonymous No.10676976]

>>10673478
Initial: 40$
ATH: 7.6M
Current:7M
Profits taken 7M

[Anonymous No.10676987]

>>10676749
but he said he only took 220k profits

[Anonymous No.10677007]

>>10676976
how?

[Anonymous No.10677017]

>>10676976
Fuck off larpp

[Anonymous No.10677021]

Initial 5k
Ath 68k
Current 22k
Profits taken 0
Pretty comf

[Anonymous No.10677053]

>>10674560
I was posting in every tax thread back then warning about this but everybody just said it was "fud".

[Anonymous No.10677062]

>>10676987
Maybe he's half-tethered

[Anonymous No.10677135]

>>10673563
Damn bro I feel bad for you.

>>10673565
Degenerate gambler meme is real.

>>10675055
No way I would’ve considered paying if I was strapped like you. Govt guidelines aren’t clear so even if they come for the money they shouldn’t be able to collect ridiculous interest on it. Again, it’s not your fault if the laws not clear and you filed and documented everything.

But yeah I guess i better mail in my crypto trade paper copy details now.... (only was a delta of a few $100 for me )

[Anonymous No.10677310]

>>10673478
take 5k out now, then you cant lost anything

[Anonymous No.10677335]

>>10673478
200
29k
2000
-2500 since I paid taxes on gains last year without cashing anything out

[Anonymous No.10677363]

>>10673563
Holy shit are you me? Venezuelan here
From $9.5k to $700.
Fucking Vechain

[Anonymous No.10677384]

>>10677363
Same color ID, same last 2 digits.
WTF IS THIS

[Anonymous No.10677396]

>>10677363
Look on the bright side, if you held all that money in bolivars instead of VEN it would be worth only $7 today.

[Anonymous No.10677587]

>>10673478
Initial: $0
ATH: $4800
Current: $3600 in tether, all stuck in poloniex because I don't want to give them my SSN.
Profits taken: $0

[Anonymous No.10677759]

Life savings gone, tons of dept, holding shit coins, kill me

[Anonymous No.10677835]

>>10673478
>Initial: 1k5
>ATH: 800k
>Current: 230k
>Profits taken: 0

Thanks XLM, the only alt that didn't get fucked. I feel bad for you ICX and VET holders, I haven't researched deep into them but they both look like coins with good fundamentals

[Anonymous No.10677854]

This is genuinely the best thread I've seen in a while

[Anonymous No.10678288]

Inital: 10000
ATH: 10000
Current: 6280

[Anonymous No.10678733]

Venezuelan here.
Initial: $500
ATH: $4500
Current: $950
I felt like a god in January.

[Anonymous No.10678779]

Initial: $500+
ATH: $3000ish
Current: $160

Bought on August 31st 2017