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/biz/ - Business & Finance

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15981763 No.15981763 [Reply] [Original]

Anymore 2017 crypto gems like this?

>> No.15981784

were they able to sell near the ATH?

>> No.15981787

>>15981763
if he sold the ATH in december he should've doubled his cash, otherwise he's probably dead from suicide

>> No.15981788

>>15981763
fucking kek

>> No.15981791

>>15981784
it's not me. But I did buy $OMG near the top lmao

>> No.15981838

>>15981763
I wonder if he's killed himself yet. As for your question you'll probably find a lot of similar stories on vechain/omg reddit.

>> No.15981866

transaction 0x95309fce99d0f42153e90264fc6ef00104685fa8 spent $7k to get into the decentraland ico but got into the wrong block :/

>> No.15982905

Top kek have a bump

>> No.15982911

A year from now we'll have a lot of stories like this but with LINK

>> No.15982935

>>15981787
>if he sold the ATH in december he should've doubled his cash
He would have 3x'd his cash though I doubt he managed to sell the top

>> No.15983027
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15983027

Many such cases!

>> No.15983052

>>15981763
I mean, he bought for like $10 each.
Ignoring the fact that it's 80 cents now...

- it spiked to $21 in Dec.19 before dipping to $14 a week after
- it spiked AGAIN to $26 in Jan.8, before dipping to $8 a month after
- it spiked again to $20 on Feb.28 before falling to $8 a month after
- it rose again to $20 on Apr.26 before falling forever

He had PLENTY of chances to cash out at x2.5 his money.

Seeing as how he had a timeline of 6 months to repay the loan, and this happened like 3 months after, chances are high he actually made out like a bandit.

Unless he reFOMOd into the ATH after selling the first spike...I can't see how he could've lost here.

Unless he was a total dumbass and held it to a dollar after all those spikes and crashes.
I mean, nobody here was that stupid, right...?

>> No.15983085

Damn i lost screencap of dude who was buying comfido during exit scam telling everyone to stay poor and buying all way down to 0.

Wonder did he kysed :(

>> No.15983099

anyone have the screenshot of the guy who sold his ETH low and watched it climb, never to buy back in?

>> No.15983102

>>15981791
Yeah. If some anon sold, another anon had to buy. It is a deadly, deadly, zero sum game we play here lads.

>> No.15983111

I never took any screenshots, but I wish someone would post some of the Lamden Tau posts.

>> No.15983140

this hit $24
according to the math he bought @ $9
its September 17, so months away from the top
hope he did the right thing, sold and didnt get rekt

>> No.15983281
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15983281

I remember this convo. We were at $700 shortly after the bubble, and this guy refused to believe that we could even reach $100, so he had his entire retirement fund in ETH. Sure enough, half a year later we were below $100. He was a regular poster in the eth sub, then he suddenly stopped. Maybe he an hero'ed.

>> No.15983314

>>15983281

Go back.

>> No.15983320

>>15983281
scienceguy is that you lol

>> No.15983342

>>15983320
Nah that guy was pretty arrogant as well, just with the opposite sentiment

>> No.15983406

>>15983342
go back faggot

>> No.15983448

>>15983027
So glad my bubble euphoria wore off after the new year and started researching the fuck out of taxes and cashed out. I had 85 BTC and my ATH was 1.6 million. Down to 900k and I woke up and cashed out. Tax liability was split into two years and used an accounting method that preserved long term capital gain and also started a business and took deductions. I hired a very sophisticated accountant and paid 17% taxes.

>> No.15983458

>>15983027
why would he owe that much in taxes when he’d lost over 600k

>> No.15983474

>>15983458
Because crypto to crypto trades trigger capital gains in the fair market value of them in dollars. And when the tax year ended his gains on paper were extremely high. Then it dumped and he can't deduct the loss from the previous year.

>> No.15983650

>>15983448
1 how much do you have left?
2 why are you still here?

>> No.15983672

>>15983406
>>15983314
Here's your (You)s

>> No.15983699

>>15983474
so if I exchange one crypto for another will I owe taxes even if I lose money doing it?

>> No.15983705

>>15983699
I believe that is how it works in some states and/or countries.

>> No.15983719

2018 Gem: Howdoo

There have been several Social Media Blockchain-powered platforms. Howdoo is the only one that seems to me to be sustainable and designed to meet the needs of users, content creators and advertisers.

>> No.15983737

>>15983719
Fuck off with your shilling, that is not what this thread is for.

>> No.15983738

>>15983672
Go back cancer

>> No.15983742

>15983738
Sorry, one (You) is enough, you're not getting another

>> No.15983754

I almost took 40k$ loan to buy eth@1400$ but bank refused, thank god.

suppose everything what happens, happens for a reason.

>> No.15983778

>>15983705
hmm, unless I’m misreading what the IRS says, it seems like it counts as a loss if the fair market value of the exchange is less than what you originally paid for the asset? I hope that’s the case, otherwise it seems really dumb to get taxed for “selling” your stack at a loss

>> No.15983825

>>15983650
1. About 750k networth.
2. Just to suffer. Also I want to be a multi-millionaire.

>>15983699
>>15983778
You get taxed on whatever gains you've realized at the end of the year. So if you sold at a high price at some point in the year but you don't loss harvest at the end of the year or you don't cash out enough for the taxes and it crashes, then you're fucked.

>> No.15983856

>>15983778
>You buy $1000 worth of BTC
>It goes up in value to $10k and then you trade for ETH in June.
>You now have a $9000 capital gain liability.
>If the year ends and you don't do anything else you'll owe that no matter what the price is after.
>If the value of the ETH goes down before the end of the year you should loss harvest by trading it or cashing it out so it subtracts from your capital gains.
>If it stays high you should cash out enough to cover the capital gains tax in case it crashes after that year because you can't deduct from previous years.

>> No.15983871

>>15983825
>>15983856
ah I see now, thank you