Losses thread

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?

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Intial $50
Ath 3.2 million
Currently 1.1 million

5k
1.4M
300k

Attached: wojak.jpg (1722x1722, 1.91M)

£33,000
£75,000
£32,200

Initial 2K
ATH 2K
Current 2350

Entered in January.

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

...

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.

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

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

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

Still owe 45K taxes.

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

*Current 1350

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

hi IRS

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

>Initial: 5k
>current: 125k

LOSSES?
Go fuck yourself you selfish cunt

You don't know the pain.

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.

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.

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

Fuck Ambrosus, Fuck Vechain, Fuck REQ

Initial 30k euro
Peak 150k euro
Current 11k

down from a mil to 800k atm

>Fuck REQ
This

Always remember the bright side, friends

>You can only ever lose 100% :)

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Initial:

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

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

(You)

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!

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

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

>$8.5k
>$30k
>3.4k

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>paying taxes on unrealized gains

why?

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JUST

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

B I N G O
I
N
G
O

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.

Initial 20k
ATH 70k
Current 3k

Fuck.

STFU you're over 20x your initial.

>1.5k initial
>12k ath
>820 current

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sweet larp

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

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

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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

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.

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

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.

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.

what did you hodl onto? XRP? LMFAO

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

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

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

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

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

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

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

>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

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

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

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

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

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.

For sure thanks

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

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

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, Jow Forums

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.

12K
600K
90K
0

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

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

Feels meh

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

Initial 5k
ATH 7k
Current 2.5k

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

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

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

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

>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.

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

fuck 0xBitcoin and Holo

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

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

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

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

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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

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

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

Thank god you took that $1 profit.

ikpj

how the fuck?

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

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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.

Thanks.

t. The Bitmex Nigger

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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.

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