/biz/ - Business & Finance

If you listen closely, you can hear the Bulgarians seething.

>>52808936
>>52808950
based

>>52808936
for me its the legacy. making my mark on the blockchain. being one of the first. sometimes that can be worth more than any APY.

getting pretty excited to dump my LINK tbqh my niggers

>>52808936
>you piece of shit fucking retarded Bulgarian fudders
What these fudders fail to mention is that the whole point of staking is to secure a spot in the offical chainlink staking pool. Suffice to say, this pool will probably be the best staking pool there is.

>>52808936
I almost did.
Except I didn't bother buying back.
This shit is going nowhere.
Meanwhile I check yield samurai weekly, and move my stables to another 20% pool.

>>52808936
so putting it up for staking wasnt a "sell" for the irs? Even if its a wallet thats not mine i moved it to? Ive never treated it like htat but ive never moved such a fat stack at once into staking.

>>52808936
But if you sold last week and bought again today you'd be up 10%? That's over 2 years of staking profit in a few days.

Sounds like your tax obligations are the problem here, you're missing out on far better plays. Get tax status somewhere else.

>>52808995
this
think of the clout you will have in 10 years time

>>52809243
oh my god im gonna cloooooooout

>>52809243
I'll clout you cunt
brb gym

>>52809187
the transactional event will be considered an income tax when you file the apy on your taxes, using the price of the time you claim them. you do not pay taxes on rewards unredeemed

>staking lockups announced
>everybody is fumming
>suddenly, 2 days before early access the board gets relentlessly spammed akin to pajeets raiding
>now everybody wants to stake, none cares about the lockup
>none cares about CCIP and enterprise adoption layer getting delayed, sales team getting sacked
>general access fills and now multiple threads desperately try to instill guilt and regret to whoever didn't stake everything
yeah, I'm thinking inorganic af

>>52809934
How to tell me you are autistic without telling me you are autistic.

>>52809963
go back to tiktok

We're gonna make it, LINK bros

>>52808936
Reminder: crypto to crypto is a taxable event

A deposit into a smart contract is disposal of assets.

>>52808936
Tfw high iq enough to see through the fud but didn't notice that it was bizraelis fudding the token instead of paid shills.

>>52809934
You fell for the fud brainlet

The retarded part is paying taxes on crypto

>>52809934
Nobody gives a fuck about staking you dumb nigger

Imagine bragging about bank tier returns

Every time i read a thread lik likr this, it reminds me that i shohld not feel a slighty bit of shame for the joy i feel when the next crypto scam implodes and i see all the rope threads.

>>52808936
>Now, I will receive a risk-free 5% APY without triggering any expenses.
That 5% is taxed too though. At short term capital gains. You will work your whole life and get meager gains from link to continue wageslaving forever.

>>52811089
imagine pic related and multiply it by 9. that's how many linkies i made since staking pool closed.
how does this make u feel?

>>52811185
>LOOK AT ME I MADE $18 IN 3 DAYS
wow impressive…have fun holding for a year boomer cuck

>>52811198
18$ * 9 = 162$

yes i staked 9 wallets with 7k link

>>52809187
It depends on your tax jurisdiction, but yes, in some jurisdications moving your crypto to a wallet that you don't control is considered a "disposal" and you are liable for capital gains tax at the moment of transfer.

>>52810022
It was technically a donation at this point or possible theft if we never get the tokens back.

>>52808936
>>52811185
Stare into my eyes and hear my words linkies

Let's get one thing straight. You WILL stake those link bags. You WILL be happy with a 4% commission. That much I can tell you. A guard will come by your pod three times a day to administer the mood detection test. Should it read "insufficiently staked," there will be an appropriate response. So, let me say it real clear. You're going to lock your tokens up for a while. You're going to share your profits with the state. Yes, it will mostly dump, and you're going to love it.

>>52811213
>what is opportunity cost
>what is impermanent loss

When no Linkers dialate about 4.75%.
Picrel Coinbase earn

>>52811224
Neither of those terms you understand

>>52811198
how does this make you feel?

>>52811264
>he trust cexes
anon I...

>>52811224
>impermanent loss

know what the hell you're talking about fucking dumbass

He was a goy, Serg was a jew
Can I make it any more obvious?
He was a punk, Serg did grifts
What more can I say?
He wanted LINK, Serg would dump
Secretly Serg hated this chump
And all of his friends sold their bags
They had a problem with these goy slags

He was a 88er boy
Serg said see you later goy
He wasn't good enough for him
He had some heavy bags, his head was stuck in sand
Sergey would never pay the goyim

Five years from now, Serg sits at home
Feedin' the belly, he's all alone
He turns on TV, guess who he sees?
88er boy rockin' up goyTV
He calls up his friends, they already know
And they've all got tickets to flee his shoa
He tags along and stands in the crowd
Looks up at the goy and wishes that he had bowed

He was a 88er boy
Serg said see you later goy
He wasn't good enough for him
Now with his wrecking bar he's slammin' their blue star
Does your hebrew face see what he's worth?
He was a 88er boy
Serg said see you later goy
He wasn't good enough for him
Now with his wrecking bar he's slammin' their blue star
Does your hebrew face see what he's worth?

Sorry, Serg, but you missed out
Well, tough luck, that goy's mine now
We are more than just good friends
This is how the story ends
Too bad that you couldn't see
I see the man that goy could be
There is more than meets the eye
I see the soul that is inside

>>52808936
An entire thread originating from cope.

These are good times.

>>52809187
Fortunately it appears this isn't a disposal in Australia - not sure what country you are in. If you stake you retain beneficial ownership.
This is different from most contracts where you're issued a "receipt token / liquidity token" (ie. aave gives you alink tokens as a receipt) - this part does trigger a disposal since you've received something in exchange.
Our laws are retarded, but fortunately it appears link staking in the official pool is in our favour.

(from ATO forum)
https://archive.vn/QZ6my

>>52809243
like I'm ever going to reveal my net worth or how much linkies I have IRL to normans of all people

stay wealthy, healthy and low profile, anons. you will come to realize these three are important when together.

>>52811637
omg this is literally me

JUST SWING TRADE BRO

>>52811686
unironically I've jerked off to the derivative market cap slide at least over 5 times. I even had a celebratory jerk off session after I entered the staking pool, probably has to be one of the greatest jerk off sessions I've ever had.

>>52808936

Le “fudders” so in your head youre now making preemptive threads to counter the arguments on a basket weaving forum AAHHHHAHAHAHAHAHHHAHA

fucking loser, you need to start lifting. The low T is palpable. Also, down 90

Why are there so many tax experts here suddenly? Also, why do all these apparent experts assume everyone here is American? Very odd.

>wolves dont lose sleep over the opinions of sheep!!!
Omg so true!!!!

>>52811744
>he didn't just spontaneously CUMbust the moment his transaction confirmed when entering the staking pool
>Sergey didn't astral projerkt him off
ngmi

>>52810022
you can google this shit yourself
the only way staking constitutes a taxable event is if you exchange your LINK for some other token, which is what a lot of staking options back in 2020-2021 did.
chainlink labs specifically avoided this

>>52808936
>Bulgarian
Anon there are basically no more esl posters
They aren't getting paid anymore
The only people fudding link are a handful of brainless newfags who are sticking around and dont fully understand link, and people who hold link.
Get a grip, do something productive. Your f5 key will thank you.

>>52808936
extremely cringe. enjoy your cuck cage while us freelinkers increase our stack by multiples over the next year.

>>52813614
Before December 2022, how many times have you multiplied your links?

>>52809934
even worse the rugpulling of the build rewards
nobody should care about the one off 4.75%, that doesnt mean anything to your nw
we need real staking to allow the price to pump
anyone with 2 braincells to rub together is asking the same questions as you are

>>52811779
>Why are there so many tax experts here suddenly
because not everyone here holded through all the carnage of the last year and disposed of quite large sums
and dealing with the regulatory hassle of that has left some anons with some experience on howthis shit is treated in the real world
but i am a cuck right, never paying taxes, retiring in puerto rico, monero extremist right

>>52808936
K

>>52809934
>staking lockups announced
>everybody is fumming
>suddenly, 2 days before early access the board gets relentlessly spammed akin to pajeets raiding
>now everybody wants to stake, none cares about the lockup
You mean to tell me that you guys were just pretending that you weren't going to stake, so the pool wouldn't fill up and prevent you from staking?
But you actually intended to stake all along, even though you said "never staking" ???

surprised_pikachu.jpg

>>52814671
it didnt fill up in a few minutes like the ico anon, there was plenty of time and no need for all the fud
some people really werent pleased with the lock up

>>52811637
>jerks off to derivatives market cap visualized as blue cubes
Literally me last four years, no sign of stopping either

>>52813579
The yield is taxed. It's just like a CD.

Even mining is a taxable event.