/biz/ - Business & Finance

>>22030783
based af

this coin just need 1 tweet to go parabolic....tick tack tick tack

this is very hype coin and many moons to come now sirs please you know the needful

>>22031794
Seriously. How aren't people getting into this? SOOOOOOO much potential for gains.

how many threads did you make so far today? stop shilling.

Unironically the best Fork of Yfi.
Just compare yffi market cap vs yfii-yfi -yfv....
Yuge potential imo

>>22030783
Based but I'm in YFV

lol fuck yes, thank you anon. just made 100 dollars already.

going to 500 easy lol

>>22032313
This my first thread today, chum.

>>22032476
More like 5K

>>22032499
Kek i did the same thing. But i only earned 5 eth. Made like 2-3 threads. Managed to fomo into flow and get a 2x

>>22032476
Based.
Notice almost noone is talking about this coin. All the other anons are trying to accumulate while you are none this wiser.

>>22032438
im in YFV too bro. Best trade I made this week

It's the best clone. $5k within a week, easily

>>22032563
i think this can hit 1k-500 easy

>>22032658
Based

>>22030783
is there any way to see the usd value on uniswap dapp itself? all it seems to show is eth to yffi

5k Waiting room

undervalued atm....x7 to go to YFV market cap
x100 to go to YFi market cap
x 20 to go to YFII market cap
do the maths anon.
high risk high reward

>>22030783
Do you pay taxes bro? Or are you from a nice free crypto tax heaven?

>>22030783
It’s gonna explode

>>22032805
I do pay taxes. I believe that since some of the taxes are used for the benefit of society it is worth it.

I actually WANT well-funded schools, roads, and infrastructure for everyone.

>>22032857
True

>>22030783
>up 533%

>>22032917
I mean taxes on your crypto, in most "developed" countries they tax your gains for every transaction crypto-crypto

>>22032994
Look at every other yearn project and then buy this

>>22033037
Ye capital gains tax.

>>22033054
Do you have any strategy regarding that? I would really like to make the most out of this one but i don't have any strategy, like moving it out and then take lets say 20% of your gains and leave it in eth for taxes purposes and then reinvest the rest?

>>22030783
>bamboorelay
>uniswap

Rugpull.

>>22033197
No. I wish. I was just buying/selling with my gut desu

>>22032012
+1

>>22033324
Based, hope it all goes well and it keeps growing, however be caref with large amounts, you don't want to end up like that guy who realized he had to pay 600k in taxes after losing his +1m gains

>>22033434
How does that happen?

>>22033527
Seriously. Is there some country that has more than a capital gains tax?

>>22033570
crypto to crypto tax

>>22030783
Lack of any information AT ALL on website is bearish af

>>22033527
Literally brough from reddit
>Apologies if this topic has been covered before or is breaking any rules. Throwaway for obvious reasons.

>I feel like I ruined my life by dabbling into cryptos as a clueless college kid.

>I first caught wind of it when a buddy of mine said he was going all in on ETH in May of last year. I said hell with it, signed up on Coinbase and threw $5000 into crypto. Mind you this is like half of my life savings, but in the grand scheme of things it's not too much to lose.

>Well, I went down the rabbit hole and struck gold a few times, hitting 10x's on multiple alt coins... I brought my 5k initial all the way up to a $880k portfolio in December 2017.

>Now I should have listened. I should have cashed out, yes. Once I hit $1 million I was going to... I would have been set. And then, JUST like that the market tanks going into the new year.

>I didn't know anything about taxes so I never bothered to set aside anything. They really never do teach this stuff. I gambled in more than a few bad ICOs to start 2018, had some money in coins that absolutely plummeted with no chance of recovering, etc. Today my portfolio sits at $125k, a far cry from my $880k . My estimated tax liability for 2017 is about 400k (live in California).

>I'm a student and I work part time making $12/hr as a retail associate at Barnes & Noble. I haven't paid any taxes or filed any returns for 2017. I wanted to but I have no idea where to begin.

>Here's the 1099-K Coinbase reported this spring: https://imgur.com/a/cpPwR9u

>Is my life over?

>tl;dr: poor college kid invests 5k in crypto last year, ends up with 875k short term gains for 2017, lost most of it in 2018, hasn't paid taxes or filed any returns yet

>EDIT: Yes, these were crypto-to-crypto trades (i.e. Bitcoin for Ethereum, Ethereum for Litecoin). These are considered taxable events from what I understand. At no point did I ever cash out to fiat and transfer any USD into my bank accounts from these tradings.

>>22033767
>bearish af
When China wakes up in the next hour we'll see

This is one hell of a hypium pump and dump. Yfi mooned for no reason

>>22033829
Who are the developers? Is there any information that confirms that this is even a copy of YFI?

Tough to sink any money into an unaudited coin with zero web presence

>>22032917
you sound like a brainwashed npc repeating catch phrases.

>>22034004
Lmao thats true, however yfv threads are not any better desu

>>22033877
Or you could buy it now that it has done another x2 dip and profit when it x2 again.

>>22033823
I swear to god, no government is ever getting a single fucking cent of my crypto gains. They will have to kill me.

Lol did this just 10x in the blink of an eye.

>>22034167

>>22033823
So he writes it all off as a loss. What am I missing?

>>22030783
Where is the best place to buy?

>>22034256
Uniswap and FatBTC have the lowest prices rn

>>22034255
Read it right, the retard started to swing and made a fuckton of crypto-crypto transaction in his way to 800k creating taxable events on those gains and then reinventing everything again in another coin but then crypto crashed, the damage was already done but even then he probably kept swinging all the way down probably creating more taxable events but with little profit

>>22034374
Fuck dude, binance doesnt provide irs with that shit do they?

>>22034374
So don’t report it and move on. Nobody cares.

>>22034374
This only happened because it didn't happen within 1 year so it carried on to the next period.

>>22034479
They don't report it but its pointless any big amount of money that you try to convert back to fiat will be reported as long as im concerned, i don't think binance does this, you usually have to cash out on binance or kraken which will report it

>>22034624
>binance or kraken
I mean coinbase or kraken

>>22034624
I dont understand. Why cant I just pay capotal gains on total profit/loss like a good goy and be done with it? This seems pedantic and untenable, with how many people are getting into crypto

>>22032438
>>22032658
I am in YFV too but.. doesn't this look like more potential for gainz?

>>22034717
They want you to be a exemplar goy, paying for every little profit you make, yes even when you decide to cash out and your coin is on uniswap that transaction between xx coin to eth will be taxed, so if eth happens to grow like 0.5% during that time you will have to pay taxes on those 0.5%, literally a pain in the ass

>>22034717
Because of long term vs short term gains amd the fact that people with more than $50 in the market might not cash out all at once. How the fuck else would you determine gains on a partial cash out? Plus, it benefits you to determine if any gains are long term as they have a much lower gains tax. IF you cash out 100% then the gains IS essentially the net gain of all transactions...but people don't operate investments like this. They put $ in over time and draw money out incrementally. Its the way its done in america. Other places use avg base cost but the goal is the same. To LIMIT the amt of tax paid. Taxes arent confusing. If you can't figure them out might be better off just hodling. Ignoring proper tax accounting is nothing to fuck with.

>>22034848
This one has 50k supply meanwhile yfv has over 1 million, if yfv does a 2x and reaches 80-90$ it will be already almost at yfii levels of market cap while yfii is at 4k$, yfv doesn't have much left meanwhile yffi has like 10x less market cap than yfv and already well over yfv price, however yfv is as legit of a project as yfi and yfii, can't say the same about this one and the way to big prices will be the wildest ride ever with whales that bough at 1$ or less ready to dump their bags and then rebuy.
I don't see yfv price going below 15$ or over 150$ but i can see yffi price going below 20$ or over 5k

>>22033823
>Yes, these were crypto-to-crypto trades (i.e. Bitcoin for Ethereum, Ethereum for Litecoin). These are considered taxable events from what I understand.
>>22034374
>the retard started to swing and made a fuckton of crypto-crypto transaction in his way to 800k creating taxable events on those gains
That is the flaw in that copypasta IMO. You are not taxed until you cash out. If you have a stock that you bought at a dollar, it jumps up to 1 million a share then back to a dollar, you are not taxed for the million you could have had. You are taxed for the dollar you cashed out for. The profits and losses of it going up and down are a wash.

>>22035166
based

>>22035273
and based

>>22030783
Anyone else sold at $130 and are waiting for this to dip back to $70 to buy more?

>>22034848
stay in yfv if you want safety, yffi for gamble. I also chose between the 2 of them and went with yfv, which has a more solid community. even the official yffi discord was left by admins lol, they don't even audit shit. I would hug my x2-3 than dream for 10x and wake after a rugpull

>>22035273
Thats not the case there and you get taxed by crypto-crypto transactions, the guy didn't hold one coin and that coin happened to moon, hell he could have even hold just one coin all the way up to 800k and then he decided to move it to another coin creating the taxable event so he had to pay 20% of the gains made in that transaction so around 100k and 200k in taxes but he didn't cash out he then decided to put all thag money again into another coin and then it crashed and your portfolio is now 100k but you still have to pay those gains that you made before, even if you lost it all.
This could have been the best case for the guy but given the amount the probably made crypto-crypto transactions non stop all the way up and then lost everything, therefore 400k

>>22035546
I mean 600k

>>22035166
yfv will absolutely go above $150

>>22035484
uhohhhhh it's not dipping back to $70 is it?