Who else here sold the peak? I've been treating this like

>>2202812
how much did you start with and how much have you made day trading these peaks and falls

>>2202812
how do you know when its a real peak though?

how do you know when the dip is deep enough?

share your wisdom anon.

>>2202812
>27th
>living in the future
hey come on thats cheating

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7KB, 260x194px

>>2202812
>not selling the dips and immediately buying back to take advantage of carryforward tax credits for the next 20 years

>>2202812
>>2202835
That Pepe will lose its value tomorrow

>>2202820
I'm pretty new to all this so only put in a small amount to test the waters (also i'm a poorfag). Started the week with $170 and finished on a comfy $460. Waiting for tax time so I can drop a few grand in now that I know what i'm doing.

>>2202828
A lot of it is just staring at charts but I did also have a sell point, which happened to be just below what I sold at. Almost got greedy and held, glad I didn't.

>>2202894
Shit, meant to say my sell point was just below what it peaked to. Had most of my money in GNT but also some in ETH and LTC.

>>2202812
So you got lucky, gratz. But this will work until it doesn't.

>>2202856
>got lucky
>thinks it was skill

I hope you put your tax return into crypto so I can take it from you.

>>2202812
love that picture

>>2203880
>skill
Your words, not mine.

>>2202812
Have fun paying taxes on short term gains

>>2202842
That's illegal.

https://en.wikipedia.org/wiki/Wash_sale

>>2203880
>crypto markets
>skill

>>2204198
Is it?

"After a sale is identified as a wash sale and if the replacement stock is bought within 30 days before or after the sale then the wash sale loss is added to the basis of the replacement stock. The basis adjustment is important as it preserves the benefit of the disallowed loss; the holder receives that benefit on a future sale of the replacement stock.

Example: Some time ago you bought 80 shares of XYZ at $50. The stock has declined to $30, and you sell it to take the loss deduction. But then you see some good news on XYZ and buy it back for $32, less than 31 days after the sale. You can't deduct your loss of $20 per share. But you add $20 per share to the basis of your replacement shares. Those shares have a basis of $52 per share: the $32 you paid, plus the $20 wash sale adjustment. In other words, you're treated as if you bought the shares for $52. If you end up selling them for $55, you'll only report $3 per share of gain. And if you sell them for $32 (the same price you paid to buy them), you'll report a loss of $20 per share.

Because of this basis adjustment, the wash sale rule usually does not have a significant impact. In most cases, it simply means you'll get the same tax benefit at a later time. If you receive the benefit later in the same year, the wash sale may have no effect at all on your taxes."

>>2202842
>implying the irs will ever know what trades you're making on a crypto exchange site

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SELL ALL YOUR CRYPTO FOR MY PAPER!
THIS IS THE BUBBLE POP!

Peak seller here
Comfy and gloating like a motherfucker in every thread I can

>>2204187
have fun holding coins until you're in the top tax bracket and want to cash out at the... top tax bracket

imbecile