the cryptocurrency bubble ?

Ronin3's Avatar
Damn!

If I was in your position (thankfully I'm not), and assuming you can use the tax loss.. That is, you don't have an existing, significant tax loss carryover now. I would sell at least half the position, then buy it back right away. Because Crypco is not considered, as of now, to be a ''security'', only a Capital Asset. Thus the wash sale rule does not apply. That is the singular thing crypco has going for it. I'm hard-pressed to find more than that. Originally Posted by Chung Tran
I love the position I’m in and I firmly believe anyone who sold will seriously regret that a year from now. I’ve transitioned 75% of my portfolio into crypto, blockchain, and 6 BTC miners. Even if I were to lose all 75%, I can still retire and live like a god in Thailand on Social security (I’m maxed) and the other 25%. I was lucky enough to get into 3 regulation A’s, one of which IPO’d a month ago. Big gains require big risk. Crypto is not for the faint investor.
I know one person who invested $50K in crypto back in 2013. Sold majority of his Crypto this spring and handed millions to an investment advisor.
VitaMan's Avatar
SS you will get about $ 1,500 monthly. How much will you spend monthly in Thailand ?
Have you ever tried trading cryptocurrency on exchanges? What are the successes? Maybe you can advise how to choose a good exchange? What about Bikkex? Plus, there has been some good news https://bikkex.com/news/blog lately. I like the percentages of the fees here. The volumes are also good and the application is convenient. I've already tried it. Your opinion is interesting.