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edicted
@edicted
83
Freedom From Debt-Slavery
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https://x.com/edict3d
Created
2017-12-18 01:42
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edicted
LeoFinance
2y
RE: New Moon Pamp!
Self discipline, bankroll management, and emotional control probably.
$ 0.000
0
3
edicted
LeoFinance
2y
RE: LeoThread 2024-04-08 16:25
Should be considering all miners will have to engage in distressed selling and all the investors who have been buying in anticipation of the event will sell a percentage on aggregate.
$ 0.083
6
edicted
LeoFinance
2y
RE: Serai DEX
"...Bitcoin is crabwalking..." In terms of day-trading my ass off using hourly candles yes, it's crabwalking. In relation to gold within the current context we are talking about not so much.
edicted
LeoFinance
2y
RE: Serai DEX
Bitcoin is up more than double gold since this rally started in late February. To say that Bitcoin is crabwalking and gold isn't seems like a very strange thing to say. Do we just pick the timeline that
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
If it's not worth it then you'd just do a higher amount. Leveraging long just means selling the $1000 into another asset you're bullish on. In fact that asset could just be Bitcoin itself. You can stake
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
You'd either be leveraging it to go long on 0% APR or transferring the money to your bank account.
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
The main downside is complete systemic failure of the Thorchain ecosystem. Thorchain community is confident they can offer this good deal and not fail in the long term. I don't know if they can or not
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
Much better to have these conversations now honestly. Crypto is a confusing place.
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
I only pay taxes when I move crypto to fiat. I 100% guarantee you should not publish such things publicly.
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
Yes most people are probably leveraging this to go DEGEN LONG without liquidations. That doesn't mean it's how it should be used. Or maybe it does... we are at a good place in the 4-year cycle to rotate
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
Yeah I still need to research synthetics that topic just keeps popping up.
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
I don't see how this is relevant to the current topic. Yes, the LEO bridge will be an excellent liquidity backchannel. That's not going to get one out of a tax obligation unless they break the law. Perhaps
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
huh? Because the IRS has absolutely no idea where that money came from. All they are going to see is a huge amount of money go into your bank account (maybe). It is expected that you might be required
edicted
LeoFinance
2y
RE: Serai DEX
Whenever I get that feeling I just buy a tiny amount. Like if I wanted to buy 10 XMR I'd just get 1 instead and wait a bit. It's a good test of discipline. Also if XMR starts spiking 99% of people are
edicted
LeoFinance
2y
RE: Serai DEX
What's XRP? 🤑 XMR is Monero.
edicted
LeoFinance
2y
RE: Serai DEX
What's XRP? 🤑
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
50% to the LP of the collateral My understanding is that they dump ALL the collateral for Rune. You're saying they add it to the LP for more liquidity? That goes against all the research I've done (although
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
Where does the money come from to pay back he loan and get your collateral back. I mean that depends on your specific financial situation. Maybe it comes from your job (that you automatically pay taxes
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
Oh look an actually "inconvenient truth"
edicted
LeoFinance
2y
RE: 50% Tax = 0% Thorchain Lending Risk
If that entire $100k was accrued that year. Presumably something was paid to get the BTC, which would decrease the gain commensurately. I was going to mention this but it muddies the waters of the real
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