Crypto Bear Market Opportunities: Make the Most of a Crypto Downturn

) in their crypto account and that the price of bitcoin was $55,000 per coin and ether was $3,500 per coin at the time of purchase. Assuming the investor split the funds evenly between bitcoin and ether at the time of purchase, he currently owns 0.45 BTC and 7.14 ETH. The investor held the coins through the bear market and still currently owns 0.45 BTC and 7.14 ETH.

In traditional financial markets an investor is forced to wait 30 days from the date of selling an asset in order to repurchase the same asset. If the investor does not wait 30 days, the transaction is considered a “wash sale” and the loss is not able to be used to offset a gain. So if you bought Tesla stock at $1,200 and sold it for $775 this year, you couldn’t rebuy Tesla stock for 30 days if you wanted to claim that loss of $425.

While the market will certainly move some between a sell transaction and an immediate buy transaction, the investor in our example will be able to preserve most of his 0.45 BTC and 7.14 ETH position .Another thing to note: Losses realized in a crypto position can be used to offset tax liability on any gain realized, it does not have to be used against a crypto gain only.

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