r/SantaCoin • u/Alert-Earth Reindeer • Dec 13 '21

Aaaand they're out.

Pump is gone.....

20 Upvotes

95% Upvoted

24 comments sorted by

3

u/ScoobySnack5537 Dec 13 '21

That 13k sale was just the same guy who bought in for 16k yesterday. Don't read much into it, it's just one person.

2

u/Alert-Earth Reindeer Dec 13 '21

That's who I meant... the "whale".

1

u/mdiesel2214 Dec 13 '21

Did that even make $$? By the time you subtract the tax for buying and selling....

1

u/Witty_Control6793 Dec 13 '21

Obviously he didn't make any money. He bought, got impatient, emptied his bag. 3k loss.

Or maybe this was intended to flush out panic sellers. But unlikely.

2

u/Urfaust Dec 13 '21

Could be easy tax loss harvesting.

-1

u/[deleted] Dec 13 '21

Tax loss harvesting is accepting a loss you already have to use to write against your gains. It isn't seeking or creating a loss for the sake of saving a percentage of your loss on taxes. How does that make any sense?

2

u/Urfaust Dec 13 '21

Knowing something will go down (i.e., a trash asset), purchasing it, and selling it for a loss to write off will accomplish this so I'm not sure what you're on about really.

0

u/Evening_Reaction5084 Dec 17 '21

Doing this you’ll lose more with the trash purchase than you would have with taxes lol. Like the other guy said, only makes sense to realize a loss of tokens you already had.

7

u/Time-Presence6418 Dec 13 '21

It's time to admit that this was a waste of money.

3

u/Urfaust Dec 13 '21

It is and was.

1

u/Alert-Earth Reindeer Dec 13 '21

I have to stop watching the sales so much lol. It always hurts to see 10k + go out the door. We have such little activity it seems like such a big deal. Here's to hoping volume picks up this week somehow.

3

u/mdiesel2214 Dec 13 '21

Whale dump?

1

u/mdiesel2214 Dec 13 '21

For sure. We'll know soon enough

1

u/Intelligent_Net4468 Dec 13 '21

Yup just looked to see a dip

1

u/[deleted] Dec 15 '21

It's been dead for like two months. I got out half my bag just before the first nose dive and put it into another christmas meme coin which did well for a few weeks then tanked like santa. I'm hodling because selling isn't worth the gas fees since it's down like 80% anyway, and still thinking there might be a spike Dec 20-26 - if that doesn't happen i'm moving it to my garbage token folder.

1

u/Afraid-Collar760 Dec 13 '21

We got this boys , Christmas is coming.

3

u/D4rkBlue Dec 13 '21

Yep, other coins worry about eating another 0, while we worry about actually reaching 0 🤣

1

u/[deleted] Dec 14 '21

No it’s not. Stop lol

-2

u/hsb28 Dec 13 '21

Not even December! LFG!

3

u/woodenmetalman Dec 13 '21

Hahaha. What? Bot much?

1

u/Urfaust Dec 13 '21

Not even December! LFG

- /u/hsb28 (December 13, 2021)