Many people in the crypto space are sitting on some pretty hefty losses right now, with most altcoins having fallen more than 85-90% by this point.
Some argue that selling at this point and realising those losses would be a terrible idea. But in this video I want to show how in a limited number of circumstances, selling at a loss might actually be the smart thing to do.
Crypto Merch Link: https://www.moonmerch.co/
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
▲▲▲▲▲ Looking to get started with cryptocurrencies? Check out my crash course here: https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course
ETH is very attempting to buy right now....BUT.....I think is time for another platform to take place in the next bull run....this is not a financial advice but I will invest in HOLO now....
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Nice one.
Buy high sell low is what I love to do best!!! Rekt!
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Tax minimization is a great strategy for portfolios. I have done the same but my crypto portfolio is more intact still. Litecoin has been tough but I think it could be a short term winner given the BCH debacle that has been the recent fork.
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Taxes are for pussies! Actually I take that back, don’t tell Jeremy C
I sold all my Litecoin for Bitcoin in May our kid.
https://steemit.com/bitcoin/@unclepeterdonkey/enjoy-this-crypto-bounce
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I must admit I have been considering selling some crypto at a loss to offset gains but I don't think my gains are large enough to warrant it at this time. Let's see how the market goes until the EOFY.
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Selling low is the definition of rekt. We will be fine...
#Hodl on!
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With the dip getting dipper, it's a brilliant idea for me!
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