Well take this guy I know he is in at around 25k
Simple math. Take the case of " this guy "
He buys 1 btc at the average of 25k from Nov 2022 to fall of 2023 it became became 93k.
So Sell off .3 coins get 27k
all cap gains is negated by dumping mined coins in Oct 2022 and having a 51k loss carryover. so the entire
27k sale "this guy" keeps.
This means "this guy" has 27k cash. This guy invested 25k cash back in 2022 and " this guy" still has .7 coins
Okie might be missing something here but wouldn't "this guy" have 0.7 BTC + what ever he invested back in 25k + 2k.
Did "this guy" lose the 25k he put back in?
If it all zeros out 'this guy" is 2 grand ahead. So bloodbath in terms of BTC crash can't happen to "this guy"
and at the moment "this guy" has .7 coins worth about 60k along with 27k. And he had 25k in nov 2022
There won't be a blood bath for him in BTC.
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Also many on this thread have 10 or more coins (not me) at under 20k invested. Ie 20k became 930k
Some simply shaved a coin off. they now have 93k (owe tax on it) after tax they may have 60k and 9 coins
left they do not worry about a blood bath.