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
Lossing is a part of our journey here in crypto since we all know that the value of cryptocurrencies is volatile. Holding or trading depends upon the token that you have and for you to have a hint on what to decide, you better read the whitepaper of an ico of the tokens that you have.