Bitcoins/Litecoins/Virtual Currencies

LachiusTZ

Rogue Deathwalker Box
<Silver Donator>
13,949
26,201
Man I don't know how that Grayscale shit is taxed, are you not considered as holding the underlying asset?

NOV19-We-Are-Laughing-Eyman.gif
 
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Rangoth

Blackwing Lair Raider
1,296
1,413
67d 1h 39m
Im sad because i sold my algo(before the crash) because the proof of stake dropped, significantly reducing my daily gains….and now its over 2$ a coin. #fail

Ohh well.
 

James

Ahn'Qiraj Raider
2,804
7,054
54d 20h 48m
You've given zero indication that you even know what the word "fungible" means.
 

James

Ahn'Qiraj Raider
2,804
7,054
54d 20h 48m

LachiusTZ

Rogue Deathwalker Box
<Silver Donator>
13,949
26,201
I was thinking too myself, I'm going to buy some acreage to leave my son.

Plant some trees, even some black walnut (take like 60 years to produce harvestable lumber)...

Plant some crops, trap and relocate some wildlife that had been depleted in years prior.

But then I saw this:
1631661742336.png


And my first thought? It's the same thing!

My son might not have intergenerational wealth, but he will have a shitty 2d monkey ON THE BLOCKCHAIN BABY
 

Mist

Poet Warrior
23,806
12,382
194d 4h 54m
You've given zero indication that you even know what the word "fungible" means.
You've given zero indication you even know how taxes work.

Spoiler: You only pay taxes on your profits. If you take losses, you can use those to offset other income.
 

Mist

Poet Warrior
23,806
12,382
194d 4h 54m
She held it for like a week. It will be taxed at her personal income tax rate.
I actually just held it overnight the second time. I had sold all my ETHE shares on the 3rd because I didn't want to hold it going into the holiday weekend. My account was just sitting in cash for the next 10 days, and then yesterday when everything tanked, I noticed the afternoon price for Greyscale ETHE shares was hit harder from the volatility than the actual exchange price of ETH, creating a pretty large relative gap between the prices of ETH and ETHE, and assumed that the price of ETH would rise overnight and the market open price for ETHE would rise even faster to catch up as both prices regressed towards the mean after a bad day. It paid off.

I think there's a lot of money to be made looking at when the price of ETHE shares diverge too far from the underlying price of ETH during down days and playing arbitrage, basically.
 
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James

Ahn'Qiraj Raider
2,804
7,054
54d 20h 48m
You've given zero indication you even know how taxes work.

Spoiler: You only pay taxes on your profits. If you take losses, you can use those to offset other income.

Where did I claim that I understood how taxes work? See, that's the difference. Also, I buy things in Eth that I mined in 2016, so I'm pretty sure I get taxed on both ends.
 

James

Ahn'Qiraj Raider
2,804
7,054
54d 20h 48m
Good writeup on Loot: Loot Project: the first community owned NFT gaming platform

I'm currently in both of the Discords watching things play out, there still isn't anything to do with it really (incorporating mLoot is hard) but the development community is fascinating. Some of the things they're working on are: gas-free expansions, open map standard, and migrating to layer 2.

Also, FUCKING DOPE WARS, who here played that shit back in the day?

 

Tmac

Adventurer
<Silver Donator>
6,548
11,202
65d 3h 6m
Lol @ dope wars. Are they going to use calculator graphics?
 

James

Ahn'Qiraj Raider
2,804
7,054
54d 20h 48m
The other thread is for you to figure out how NFTs are a non-fungible store of value like land, so that we don't have to constantly deal with your ignorant comments about what you think has value or doesn't when the latest in blockchain development is centering almost entirely around NFTs. Why don't you shut the fuck up until you can figure out how a fucking paperclip is fungible?
 
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