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Doesn't this assume you only get liquidated below your initial purchase price? With something as volatile as cryptocurrency it's not exactly a crazy idea that
by davidcbc 5y ago
Doesn't this assume you only get liquidated below your initial purchase price?
With something as volatile as cryptocurrency it's not exactly a crazy idea that you'd buy at say $30k, take a loan at $60k and get liquidated at $50k and get stuck with a big tax bill
- 55555 5y agoYes but in that case you did enjoy 20k of capital gains and so it makes sense* to pay tax on the 20k gain. There is no issue.