/biz/ - Business & Finance

>>22545992
I will ask you one question. Do you think it even matters in the grand scale of things?

>>22545992

how much is a lot if you arent larping

>>22545992
So did everyone else, you’re not special.

> lost half a mill

>>22546048
fucking holders man.
humans suck at stock, use quantitative only.
fuck emos.

>>22546048
>half a mill

serious question why? at what point do you look at half a million dollars and not do anything to protect that money?

>>22545992
I lost $300 because some fag anon doxxed the print.finance team

>>22545992

lost 80% of my money because of bzrx

>>22546034
>Do you think it even matters in the grand scale of things?
it doesnt but makes me life more fun for the time im here
>>22546037
>how much is a lot if you arent larping
$225,000 +-
>>22546048
>you’re not special.
>> lost half a mill
apparently so, im sorry anon
>>22546076
>fucking holders man.
some of us are actaully afraid of tax implications and since we're trading on 'real exchanges' with bank accounts and identity linked, irs could come fuck us someday, so yeah. cool.

>>22545992
why are you a cat

>>22546156
>tax implications
If you even bothered to contact a single fucking CPA you’d know capital gains taxes on crypto to crypto trades are based on the END OF YEAR BALANCE SHEET YOU COLOSSAL FAGGOT.
So if in Jan I buy 10,000 LINK at 1 dollar, then in March I sell LINK at 5 dollars, then in August I FOMO at 20 dollars and lose more than I started with in Jan...I OWE NO TAXES. Seriously we have had countless threads about this, I have paid taxes based on this, and have been professionally advised on this. Crypto to crypto transactions are taxed but losses offset gains if its in the same fiscal year. You have no excuses not to know this. Just add up all your trades in DECEMBER

>>22545992
>>22546149
>>22546048
Every time I made a thread asking for advise or mentioning my losses people like you SHAT on me about “you’d have to be a retard to not be making six figures in this market” and “you should just quit crypto if you’re already down 50k” and now you’ve all regressed to the mean kek. Not so cocky now with your DeFi bullshit

>>22546250
alright smart ass i'll bite
buy some crypto for $1, goes to $1,000,000
sell at $1,000,000
you are now on the hook for 999,999 worth of taxes, right?
let's say your portfolio dips below $300,000? guess what? you're fucked you fucking idiot
irs only lets you carry over 3000

>>22546156
>225,000
Is that a lot to you, like life-changing money that would allow you to pay off your debt/loands and put a downpayment or a house or is it peanuts cause you already made it

>>22546318
Oh you're a mutt no wonder lmao

>>22546111

> do anything to protect the money

Where the fuck am I gonna short AMPL at the top, FTX? And trust my money with that goofy Jew-haired kike sbf?

> gov might be reading

It’s all paper gains anyways I would never trade in the u.s. it’s actually illegal for burgers.

Lost around 8k. Thing is i started with 450 euros about 5 weeks ago.
Easy come, easy go :D
I was OG Link Marine too from 22 cents but i forgot about crypto from 18 bloodbath

>>22546452
>started 5 weeks ago
>OG link marine
Troll better

>>22546348
OHHHH SAYYYYYYYY CAN YOU SEEEEEEEEEEEEEEEEEEEEEEE

>>22546318
>only let’s you carry over 3000
WRONG, only lets you carry over 3000 FROM OTHER SOURCES OF INCOME (E.G YOUR JOB, THIS IS TO PREVENT WAGIES GAMBLING THEIR ENTIRE PAYCHECK AND WRITING IT OFF INCOME TAX IF THEY LOSE)
YOU HAVE AN UNLIMITED WRITE FROM OTHER CAPITAL GAINS INCOME. E.G I MAKE 1 MILLION IN JANUARY, I LOSE 500k IN JULY, I CAN WRITE OFF 500k
RETARDS LIKE YOU MAKE ME SO FUCKING ANGRY. YOU HAVE SIX FIGURES IN CRYPTO AND NEVER BOTHERED TO LEARN THE TAX CODE BEYOND A CLICKBAIT HEADLINE. I SINCERELY HOPE YOU FUCKING DIE FOR SPREADING THIS MISINFORMATION. I LITERALLY WROTE OFF 700k IN LOSSES IN 2018

>>22545992
life is a game, don't take it so seriously

>>22546250
>just lose money so you dont pay taxes bro

Fucking mongoloid

>>22547231
>he can't into loss farming
neither can i but it's apparently a thing

>>22546111
Checked.

And greed my dude. I tried to warn a few link fags on here to cash out, they didnt listen

>>22546318
Imagine being this retardee. This board is full of idiots. What are you 15 years old?

>>22546451
how about closing out part of the position to take some gains? When you saw your money going down at what point did you decide "im ok with losing half a million dollars" and why

>>22546929
i genuinely feel bad for you because you just ruined your life when it comes to taxes, pal
https://www.bankrate.com/investing/how-to-deduct-stock-losses-from-taxes/#:~:text=You%20can%20deduct%20any%20amount,allowed%20net%20loss%20is%20%243%2C000.
like you are so royally fucked

so it's like using your example,
>1,000,000 in january
>lose 500,000 in july
you can carry over 3000
say you make 475,000 back
>total balance 975,000
you can carry over 3000 on year 1
3000 on year 2

that's the fucking joke

let's say you live 50 more years, you can only carry over a max of 150,000 for the rest of your fucking life.

>>22545992
You lost nothing faggot.
For you had nothing before.
Not realized = not existing

>>22545992
>>22546048
>posts brought to you by LINK marines who laughed at me for a week when i tried to be a voice of reason
>defi bubble popped hard
keep holding next -50-70% move coz we aint done yet, winter will be fuckin cold for DeFi, farms,lending and other bullshit scams (link is not scam fundamentally speaking like literally only one in defi, but market doesnt give a fuck about fundamentals)

crypto needs cleansing, BTC has oficially shat the bed once again.

yeah and pic related , me at 19$ per LINK token August 17th 2020.

FUCK CULTISTS
FUCK DR:NS POSTERS
FUCK DISCORD TRANNIES WHO ARE KEEPING SENTIMENT UP AND UNLOADING BAGS
FUCK MARRING THE PROJECT
FUCK TWITTER FAGS
FUCK PERMA BULLS
FUCK BTC
FUCK CRYPTO

If BTC doesnt break 13000 USD WITH VOLUME, we are going to 1000$-3000$. 6000-7000$ more realistic becasue Arthur and other scammers will pull the plug again most likely to save the charts.

2021 we will resume maybe, but charts will be fit for "GORE" section.

>>22545992
Down from 195k to 115k. Feels bad man. Learned my lesson and been moving more profits into BTC/ETH

>>22545992
Did you pile everything into a couple of coins or did you diversify into a ton of them?

I lost out on $375,000 back in 2017 because I was just getting into crypto, didn't know anything about not sending eth from coinbase to an ico. The tokens were sitting on the wzllet, you could see them on etherscan but coinbase refused to help. The coin shot up, my bags were worth $375,000 for 2 days and I missed out on a big come up.
I look,at it like a life lesson to always be vigilant about checking the details.
And you know what, I'm still around, didn't rope, didn't freak out, just shifted my focus.

>>22545992
thats mean, what youre doing to that kitty

>>22549407
absolutely based, thanks for giving me hope.

All I want is to see moonbois and lehodlers suffer and get crushed. Is it too much to ask? One look at crypto twitter shows that a great cleansing purge is needed

I lost 5k on unrealized yfbeta gains after what the dev pulled

You are not the only one. How do you people cope with it though?

>>22550167
pretty sure this shit is essentially not fucking happening anymore
large banking entites are converting assets to bitcoin
kraken is doing some bank thing
https://www.youtube.com/watch?v=XbZ8zDpX2Mg

>>22550286

Contemplate. Write. Take breaks.

Come back stronger.

Hope you make it back fren.

>>22550362
Thanks. Walks outside definitely helped

>>22550167
>bull market
>all time highs coming
>5 days later
>-2$
>-20000 SATS
>Under 100 000 Sats
hold the line with those 15$+ buyers anons

>>22547464

I’m not saying what I did or didn’t do, IRS

Let’s just say that for any of you never been up big, good luck moving fast enough to sell the exact top