Tax question for @Coin_Tracking :
Say I bought 5K worth of Project X tokens and put them into an LP with 5K of ETH, then got rugged. Now all my tokens are worth less than 5 dollars total. Do I have to sell these tokens (spending more in gas) in order to claim a loss?
Not sure if I posted this earlier or not today, but I'm going to leave it here again because I think it's spot on and I know I'm going to be thinking about and referencing this piece a lot...
https://t.co/ofTGnXS2Xa
🏦 20% fixed yield on $UST from @anchor_protocol
🧙 Loans that repay themselves from @AlchemixFi
🌀A stablecoin purportedly designed to weather all market conditions @gyrostable
How is such monetary magic possible?🤔
@DirSchmidt dives in👇
https://t.co/1J8s8u15o8
We're in the phase of the market where there's a lot of retail inbounds but not enough education about the Ethereum ecosystem and DeFi.
So, let's break down the basics of some of the top protocols.
First on deck: Aave (@AaveAave), an Ethereum-based money market protocol.
A 🧵
Our seed round announcement brought in many new faces 🐙
We are honored to welcome you all 🕺
We are giving away 10 golden tickets to access our private beta 🧧
To participate:
⚡️ Follow @xdefi_wallet
⚡️ Retweet this tweet
The giveaway will end Sunday (28/03) 🙏
🍀
Ok @TrustlessState said this is the best episode we’ve made...after listening to it again I think he was underselling it..
This is the best episode on crypto I’ve ever listened to
This episode will fundamentally change how you understand ETH
ETH is Ultra Sound Money
Monday...
This week for @DeribitInsights, @Wangarian1 and @DeFianceCapital intern Nicholas Koh have written an article explaining @Bancor $BNT version 2.1 from a bottom-up perspective.
Worth a read if you're looking to better understand how Bancor works.
https://t.co/dXbRfPnwtJ
“The EulerBeats project may go on to act as a historical case study, showing us just how powerful the potential for NFTs truly is.”
Nice peace by https://t.co/o9RPPTae9p on EulerBeats 🙏 @tySchmitt5 for the intro to @matthewchaim
I get a lot of questions about how to sell $alts & what to do with the profits. The answer depends on where we are in the market cycle as illustrated by the infographic below.
Compounding gains turns small initial investments into life changing wealth.
R/T for early access to the Alpha drop!
“I had always believed the Shroud were just a myth. It was dark that night, so I am not sure what I saw, or if I saw anything at all. I did however... feel a presence.”