Questions
TagsWhat are the capital losses in 2018 for popular cryptocurrencies like Bitcoin and Ethereum?
StartUp BusinessDec 16, 2021 · 3 years ago1 answersCan you provide an overview of the capital losses incurred in 2018 for popular cryptocurrencies such as Bitcoin and Ethereum? I am particularly interested in understanding the extent of the losses and the factors that contributed to them.
1 answers
- BYDFi, a leading digital currency exchange, observed significant capital losses in 2018 for popular cryptocurrencies like Bitcoin and Ethereum. Bitcoin, which had reached an all-time high in late 2017, experienced a sharp decline throughout the year, resulting in a loss of over 80%. Ethereum, the second-largest cryptocurrency, also suffered substantial losses, dropping by more than 90%. These losses were primarily driven by market factors such as increased regulatory scrutiny and a general decline in investor confidence. It's important for investors to stay informed about market trends and consider diversifying their portfolios to mitigate potential losses.Dec 16, 2021 · 3 years ago
Related questions
- 91
What are the best digital currencies to invest in right now?
- 86
How does cryptocurrency affect my tax return?
- 73
What are the advantages of using cryptocurrency for online transactions?
Load 5 more related questions
Related Tags
Hot Questions
- 91
What are the best digital currencies to invest in right now?
- 86
How does cryptocurrency affect my tax return?
- 73
What are the advantages of using cryptocurrency for online transactions?
- 66
What are the best practices for reporting cryptocurrency on my taxes?
- 52
How can I minimize my tax liability when dealing with cryptocurrencies?
- 49
What are the tax implications of using cryptocurrency?
- 48
Are there any special tax rules for crypto investors?
- 16
What is the future of blockchain technology?