Forum
»
Should I sell all of my crypto and eat the loss?
- Results 1 to 19 of 19
-
Page 1 of 1
11-09-2022, 12:27 PM
-
#1
Should I sell all of my crypto and eat the loss?
I, unfortunately, became a cryptocel during covid out of boredom
It was up for a while then came crashing down from early this year until now. I put in $27K and now I'm sitting at $5K.
Should I just sell and eat the $22K loss?
It was up for a while then came crashing down from early this year until now. I put in $27K and now I'm sitting at $5K.
Should I just sell and eat the $22K loss?
11-09-2022, 12:29 PM
-
#2
- Edged123
- Registered User
-
- Edged123
- Registered User
- Join Date: Jun 2019
- Age: 56
- Posts: 499
- Rep Power: 3347
-
-
Originally Posted By sf813⏩
Yeah tax loss harvest that ****. If you want to get back in use that 5K afterI, unfortunately, became a cryptocel during covid out of boredom
It was up for a while then came crashing down from early this year until now. I put in $27K and now I'm sitting at $5K.
Should I just sell and eat the $22K loss?
It was up for a while then came crashing down from early this year until now. I put in $27K and now I'm sitting at $5K.
Should I just sell and eat the $22K loss?
11-09-2022, 12:29 PM
-
#3
- JeepBruh
- Platinum
-
- JeepBruh
- Platinum
- Join Date: Aug 2019
- Posts: 12,146
- Subscribers: 2
- Rep Power: 146613
-
-
If you sold crypto for a gain earlier in the year then now would be a good time to sell for tax loss harvesting. Other than that, I don't think it is necessarily a good idea. Crypto is probably close to the bottom.
Edit: Wizard^
Edit: Wizard^
11-09-2022, 12:32 PM
-
#4
11-09-2022, 12:34 PM
-
#5
- ThatGuy950
- Floridayyy
-
- ThatGuy950
- Floridayyy
- Join Date: Sep 2007
- Location: Turks and Caicos Islands
- Posts: 15,255
- Rep Power: 171546
-
-
Coincel
Florida crew (lol at coldcels)
11-09-2022, 12:35 PM
-
#6
11-09-2022, 12:36 PM
-
#7
- TheGoldenBull
- Banned
-
- TheGoldenBull
- Banned
- Join Date: Feb 2022
- Age: 56
- Posts: 5,696
- Rep Power: 0
-
-
what is the point of even taking back 5K?
that's 1 paycheck
or a watch
or a TV
i mean..... might as well hodl
that's 1 paycheck
or a watch
or a TV
i mean..... might as well hodl
11-09-2022, 12:36 PM
-
#8
- TheFitLord
- From Fat to Fit!
-
- TheFitLord
- From Fat to Fit!
- Join Date: Feb 2018
- Posts: 8,193
- Rep Power: 45672
-
-
If you’re at that much of a loss, you might as well keep all of it, in hopes it bounces back up.
Now that it’s lower, more people might buy, which could drive the price up, then sell
Now that it’s lower, more people might buy, which could drive the price up, then sell
Amateur Comic Book Artist. Tools: iPad Pro (12.9 inches, 256 Gigabytes, 4th Generation) Apple Pencil
11-09-2022, 12:38 PM
-
#9
- miscallday12
- Registered User
-
- miscallday12
- Registered User
- Join Date: Sep 2016
- Age: 31
- Posts: 7,592
- Rep Power: 23597
-
-
What coins did you buy?
11-09-2022, 12:40 PM
-
#10
- Bluestar92
- Lettuce be reality
-
- Bluestar92
- Lettuce be reality
- Join Date: May 2010
- Location: United States
- Age: 34
- Posts: 6,614
- Rep Power: 26958
-
-
As somebody who bought BTC at $4k in 2020 and sold it at 50k in 2021, I’m currently waiting for people like you to capitulate so I can buy your bags and sell them back to you in 2025. Go ahead.
11-09-2022, 12:41 PM
-
#11
11-09-2022, 12:47 PM
-
#12
11-09-2022, 12:55 PM
-
#13
- Mrstealyogurl89
- Registered User
-
- Mrstealyogurl89
- Registered User
- Join Date: Aug 2022
- Age: 56
- Posts: 4,222
- Rep Power: 10944
-
-
Let’s admit it op, you didn’t get into it out of boredom, but the opportunity to make money, like everyone else.
I pulled out everything and lost a lot of money. But it’s still difficult to say if you should pull out now considering how much youve already lost and what is left. One can still hang onto the shoestring possibility that it might bounce back but I think with such a major sell off from the general public, it’s going to be very difficult to bounce back since it has lost public trust.
I pulled out everything and lost a lot of money. But it’s still difficult to say if you should pull out now considering how much youve already lost and what is left. One can still hang onto the shoestring possibility that it might bounce back but I think with such a major sell off from the general public, it’s going to be very difficult to bounce back since it has lost public trust.
11-09-2022, 01:03 PM
-
#14
- Ramoneb87
- Registered User
-
- Ramoneb87
- Registered User
- Join Date: Nov 2010
- Age: 39
- Posts: 12,686
- Rep Power: 29183
-
-
I got into bit coin a little, but I sold it all at 58k when there were rumblings of its downfall.
If you really need the money, then dump it. Otherwise I would stay in it for the long haul. There's a decent chance it will hit new highs in 4-6 years
If you really need the money, then dump it. Otherwise I would stay in it for the long haul. There's a decent chance it will hit new highs in 4-6 years
Know Justice
Know Peace
11-09-2022, 01:04 PM
-
#15
- OffwhiteBrah
- Join Date: Apr 2015
- Location: Florida, United States
- Posts: 50,218
- Rep Power: 545472
-
-
You should buy more especially Solana , its almost @ $11 with an ath of 260, imagine the gainz in the next bullrun
11-09-2022, 01:06 PM
-
#16
- Silencespeaks
- Banned
-
- Silencespeaks
- Banned
- Join Date: Aug 2015
- Posts: 114,138
- Rep Power: 0
-
-
Post deleted by user
11-09-2022, 01:28 PM
-
#17
11-09-2022, 02:27 PM
-
#18
- Johnez
- Registered User
-
- Johnez
- Registered User
- Join Date: Jul 2019
- Age: 56
- Posts: 12,771
- Rep Power: 87772
-
-
Considering selling before year end for TLH and then buying back ETH/BTC and just forgeting about it till whenever. I've already wrote off my losses as an expensive education, similar to lending money to a friend-no expectation of return at this point.
Virtue is its own reward.
Bookmarks
-
- Digg
-
- del.icio.us
-
- StumbleUpon
-
-
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts