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9722755 No.9722755 [Reply] [Original]

So I will get my coins whatever happens, in fact I can dump my EOS ERC20 tokens because they are anyway worthless!?

Didnt it work that way.
I mean eceryone how is buying EOS on exchanges now, is a stupid fucktard, isnt it.

Did I forgot anything?

>> No.9722780

Exchanges are frozen from the outside not the inside. They will continue to be traded.

>> No.9722786

>>9722755

yup dump it, they are worthless.

you get your EOS mainnet coins anyway, as long as you had it in your wallet when the snapshot happened.

The great thing if you sell now all your EOS ERC20 and the EOS mainnet coins are worth the same you easy x2 your stack ;)

>> No.9722807

>>9722755
>can I dump it?
no because all exchange deposits are halted

if it's already on exchange you can still trade, and you should sell before the shit hits the fan

>> No.9722815

>>9722780
Wait, you can't send EOS to an exchange?

>> No.9722838

>>9722780
ye but not for ever, the ERC20 is dead, and will get deleted ( wallet balance, history, .... )
because you cant transfer them on the blockchain anymore.

>> No.9722844

>>9722755
Eos mainnet futures are trading now on the exchanges. You can't deposit because you don't have your coins (yet).

>> No.9722847

>>9722815
Fucking moron. KEK. How much did you lose. ? Btw - Cancel your Pajeet orders on delta. The erc-20 is USELESS

>> No.9722857
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9722857

>>9722786
Good luck finding an exchange to sell them on, dingaling

>> No.9722863

>>9722815

you cant do anything with EOS ERC20 token, because the contract run out.
You will never be able to transfer them again

>> No.9722866

>>9722815
Im not sure what you're getting at but I hope your wallet is registered.

>> No.9722872
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9722872

>>9722755
Pajeet as fuck

>> No.9722926

>>9722807
>>9722857

I hold em on a exchange wallet, to exactly do what I wrote, I prepaired everything on 31mai. as I got the info that the trading of the ERC20 will continue.

So I sell the ERC20now get a shitload of ETH wait till the mainnet tokens are tradeablr and buy with the ETH almost the same amount of EOS I already got credited ( easy doubled my stack )

>> No.9722946

>>9722926
lmao dude. if you sell them you won't get mainnet tokens. why would the exchange give you free money?

>> No.9722949

>>9722857
any exchanges taking them? eventually people will want to sell them after the dump to accrue a capital loss, right?

>> No.9722980

>>9722949
the EOS contract is literally frozen. the token physically cannot be transferred anymore. if you try the transaction will fail. can't make a deposit when coins can't be transferred.

>> No.9722982

>>9722946
the snapshot already happend,
everyone who had x amount of the EOS erc20 in his wallet that is registered will get the mainnet tokens.

the exchange didnt give me free money, this stupid people that still buy this useless erc20 eos token / just dumped my stack on there face, they will get nothing

>> No.9722987

>>9722926
>So I sell the ERC20now get a shitload of ETH wait till the mainnet tokens are tradeablr and buy with the ETH almost the same amount of EOS I already got credited ( easy doubled my stack )
you won't get anything double, the exchanges will distribute new eos based on the moment of their distribution not snapshot

>> No.9723005

>>9722982
you said you kept yours on the exchange that means if you sell them the exchange won't give you mainnet tokens

>> No.9723008

the exchange price at this point is essentially meaningless

>> No.9723012

>>9722982
Except that's not how it works. You will get nothing. Sorry, you're too stupid for crypto.

>> No.9723023

>>9722980
frozen forever?

>> No.9723032

>>9723023
Yes forever. They don’t exists anymore

>> No.9723076

>>9722987
no i already got them,

https://support.binance.com/hc/en-us/articles/360004403532-EOS-Mainnet-Swap-Update

>> No.9723112

>>9723076
lmao dude you are clueless, good luck with whatever the hell you are doing

>> No.9723163

>>9723032
what are the tax implications of having them now?

>> No.9723279

>>9723163
I would assume the tax implications to be "no sale" assuming mainnet launch is successful and trading continues without major hiccups. if launch fails or you don't get your tokens for some reason I'd consider those lost coins at the price when they were lost. if you sell i'd consider that a regular sale under the EOS token symbol, which should carry over on all exchanges.

with airdrops, technically those you need to claim as ordinary income using the price when they were acquired, then when you sell them you use that price as the cost basis. lots of airdrops might not have markets yet though so technically the acquired price would be $0 on those, so no increase to ordinary income but you'd pay capital gain tax on the full amount of the sale. the IRS doesn't like that methodology but that's the truth of what will happen most likely. some airdrops do have markets already though so those will have an acquired price.

>> No.9723405
File: 1.08 MB, 1029x994, 1521094235456.png [View same] [iqdb] [saucenao] [google]
9723405

>>9723279
>with airdrops, technically those you need to claim as ordinary income using the price when they were acquired, then when you sell them you use that price as the cost basis.

Holy shit is this true? You just gave me a great idea. Taxcoin.

The very first transaction of Taxcoin is from 1 dev to another. They sell 0.000000001 Taxcoin for 1 million dollars per Taxcoin. So a fraction of a penny basically.

After the first trade Taxcoin gets airdropped to everyone. Hundreds per person. At the time of the airdrop it was worth a million dollars per Taxcoin. People can then sell their Taxcoin at whatever the market rate stabilizes at, probably way below a million dollars. Everyone can declare this as hundreds of millions of dollars of losses on their tax returns. None of us will have to pay any tax money on crypto at all this year. If you save a few Taxcoins for next year, you can keep doing this every year forever.

We will never pay crypto tax again.

>> No.9723426

>>9723405
a common market would need to exist and have a price before you airdropped for that to work. this is how it's always been for mined, forked, or airdropped coins.

>> No.9723437

>>9723426
Ok just make a common market and then have a very restrictive KYC policy. In reality only the devs are allowed in. Once the airdrop happens you let everyone else in.

>> No.9723462

>>9723437
it would never work. i'd consider it an OTC sale between devs because the public can't buy it yet since there's no liquid markets for them, the price for them is still $0.

>> No.9723473

im so lucky i registered this morning, would have been fucked if i didnt lmao. how do i get free airdrops?

>> No.9723480

>>9723462
Ok what if you let everyone in but the circulating supply was 0.000000000001 Taxcoin. Even if someone charges a million bux a taxcoin you can still buy the entire market out and then perform the airdrop.

>> No.9723494

>>9723480
it would never work because no one would actually buy it

>> No.9723507

>>9723494
They would buy it from each other at fractions of a penny per taxcoin. No one has to pay a million dollars for a taxcoin.

The entire point of this is a tax dodge, not to get someone to pay a million dollars for a shitcoin. Its only a million dollar coin on paper. In reality its worthless.

>> No.9723536

>>9723494
Decentralized Exchange

>> No.9723538

>>9723507
the whole situation is retarded and is pointless to talk about. the IRS doesn't care about some stupid airdrop meant to fuck with them that literally 2 people in the whole country traded. just stop.

>> No.9723557

>>9723279
do you think we can roll the cost basis of the token into the cost basis for the mainnet coin since the token is worthless if the contract is shut down (and they are held in a private wallet)?

>> No.9723561

>>9723538
You´re a weird guy.

>> No.9723566

>>9723538
Im pretty sure you are dead wrong about the tax being based on market rates. If you got the airdrop for free, then your basis is 0 dollars per share regardless of what the going rate was. Meaning you have to pay tax on all of it.

Taxcoin was a thought experiment pointing out the flaws in your logic.

>> No.9723604

>>9723566
some people go the gift income route but I am really not a fan of that. in reality it all depends on how much you get and how it applies to you, this is just general advice.

>>9723557
it's a 1:1 swap so I'd consider it the same assuming mainnet launches successfully. same symbol. if launch isn't successful then it gets more complicated.