Shiggins37
Well-known member
- May 5, 2021
- 231
- 254
Only take a loss if you sell low, Just like real estate. Doesn’t matter what your house is worth unless you’re planning on selling it. You’re not taxed on Investments’ value, only taxed on gains when sold and deposited back into your bank account. Only then is it considered income. Just like buying a house at the peak of the market and freaking out when it decreases in value and selling it for a loss…. Who would do that? I agree…. Crypto is more volatile which is why you never invest more than you’re willing to lose. But history has shown its increasing over time. Rewind back to the beginning of Bitcoin and see where it is now. Remember the guy who bought 2 pizzas for 10,000 Bitcoin? Even with this slump, his 2 pizzas would be worth 367,000,000 just saying