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/biz/ - Business & Finance

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3487135 No.3487135 [Reply] [Original]

HOLY FUCK /biz/

this is some intense shit

I have lost 13k in two weeks

WILD RIDE
I LD
LD
D

>> No.3487183
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3487183

easy come easy go

>> No.3487190
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3487190

>sell at a loss
>buy back in again
>suddenly realize your going to have to pay more income tax

Damn i'm gonna loose even more if it goes back up.

>> No.3487208
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3487208

>>3487135
Lel $13k
Get on my level, shed a milli overnight.

>> No.3487209

>>3487190
>paying taxes for crypto losses
wew

>> No.3487225

>>3487190
Doesn't the IRS not give a duck if it's under 10k? I've seen this floated around but never seen proof

>> No.3487227
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3487227

>lost $200
FUCK NOOOOOOOOOO

>> No.3487286

>>3487225
the IRS cares man, but you can subtract all capital losses

>> No.3487394

>>3487209
>>3487225
>>3487286
UKFag here. I'm assuming worst case here they might pool it in as IT. If I can claim CGT it's no problem as I can offset the loss. Or if I "buy low sell high"(tm) till it reaches previous levels i'll have extra gains to offset the tax loss.

Really though I just want more of those sweet crypto gains at the end of the day.

Don't trade when your half asleep folks.

>> No.3487419

Hahahahaha
...I lost 60k

>> No.3487423

>>3487286
Well I sold near the top so I have no losses right now.

>> No.3487491

This is the dotcom crash of crypto. The good news is, the internet survived, and so will crypto. Just don't buy pets.com. Buy BTC, ETH, and shit with working products. We are going to make it.

>> No.3487567

>>3487208
god i wish that were me.