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 need to find out which coin is worth to invest by long time following it on market, only thanks to that you could say that this coin is "nice" to invest. Loss is when your coin can't back to price with which you had purchased it.