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You have just been showed that all that glitters in crypto.trading is not gold and its does not seems to be the way it shows. I guess you saw a coin rising and then dig in only to realise that its a case of pump and dump whose brunt is borne by newbies like this while they make money out of it. Now in this period, you have identify two solid ootions, its then left for you to decide which is the most beneficial of the two. You have learnt your lessons and going forward I hope you will make reference to it before making any further decision.
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Definitely will. Got caught up in the glitter and a great advisor list, but turned out to be a dud hedge fund.

Heh, not a bad one. Just one thing I couldn't determine with crypto tokens - if I have to sell them to be able to claim the loss on the taxes I file next year.  I've seen both yes and no out in the wild.

Thank you for the reply. This is sort of 'serious,' not too much invested but still turned out to be trash.  


I appreciate the note on writing down losses against other profits, I was thinking along that route - my big question:   do I have to sell it in order to write down a loss or can I write it down at the value at the end of the year?

Thanks. One coin was a dud and I didn't do my due diligence on it. Definitely at a loss, and trying to figure out if I can write it off and if that's worth it at this point.  Cheers

Hi all, please forgive such a nub question but couldn't seem to find this in the forum and there's too many different answers on the 'net.

Picked up some altcoin, they got a cease and desist from the NASAA and looks like the biz could go under. Trying to figure out the best thing to do.

If I hold and the value goes to zero, can I write this off as a loss based on the value at time of purchase? Should I try to just dump it all and pray someone buys?

Thank you
-G