I made $12,000 off an alt coin and reinvested into ETH.

So I made a rookie mistake. Once I made the $12,000 I immediately exchanged it into Ethereum believing it to be a safe, temporary habor before I could sell it back into fiat.

I was right in the sense that the alt coin tanked. But wrong in the sense that (Ethereum also tanked).

This was last month when we were still blaming Elon for this harsh correction. I had created a $12,000 tax event for myself less than 24 hours before it dropped from $4,100. Now it's $1800.

We didn't know then what we suspect now though...

I am confident with patience that Ethereum will go back up. So I'm not too worried there. My issue is with the $12,000 tax event I have created for myself (as tax time is next month for us in Australia).

All my friends are saying, "told you so" and that I should have sold it when they told me to (but none of them are involved in crypto in any way). I won't lie though -- their constant holier-than-thou rhetoric is making me kind of anxious.

So I figured I'd rather bounce ideas around with a like-minded community who at least understands my predicament.

I wanted to sell and immediately buy back but washes are illegal in Australia.

What would all of you do in my situation?