Quote from: bitcad4u on May 22, 2018, 06:11:00 PM

Quote from: ataloss on May 22, 2018, 06:02:30 PM

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

You have to check the altcoin fully,before inverse your money in that altcoin.They are some potential altcion available in the market and some shit coin also available.If you are investing in bitcoin,no need to check.Incase you are purchasing altcoin,you have to choose the best.Some of the potential altcion is Ethereum,litecoin,Monero.

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