Nicole Lapin

But that's not how crypto has been acting.

I have been...

I'll get on my soapbox for a second, really into the wash sale rule for crypto, because right now, as you know, the wash sale rule affects securities.

So stocks are considered securities, but crypto is still considered property.

And so you can, which is what I did, I sold my crypto and I bought it right back.

So I lowered my cost basis, which is not allowed in stocks.

You have to have a 61-day look back and then look forward.

You can't do it the day of or 30 days before, 30 days after.

Right now, this is the rule.

It probably is going to change, but you can take that loss.

So if somebody bought it at $100,000 and it's down to $60,000, you can take that $40,000 loss against $40,000 of gains.

As it exists right now.

But again, those are strategies that are really case specific and not for everybody.

Not for you.

I'm sitting that one out.

And you've just never been, never, it's never worked for you.

You haven't tried.

You've not bought Bitcoin, not once, not ever.

Not even that one time in college.

great for people that do it i love that for you it's good for you it's totally true and to clarify you know i generally suggest like one percent of your net worth if you're gonna play with it you can afford to lose one percent of your net worth but if one percent becomes a hundred that's that's great for them too yeah absolutely do crazy times like this make you miss working in the thick of the action on the floor