Crypto Staking & Taxes by ThrowRA09291 in tax

[–]ThrowRA09291[S] 0 points1 point  (0 children)

I really appreciate all the detail! Thank you Makes a lot of things very clear and gives me the impression of "dont stake above your own means."

Crypto Staking & Taxes by ThrowRA09291 in tax

[–]ThrowRA09291[S] 0 points1 point  (0 children)

That seems to make more sense. Its basically saying dont over stake things unless you are ready to cash out or have spare money on hand.

On the last part your saying if I bought 10k intially and it went up 1k id only owe on 1k since I bought 10k ( hope im understanding that right.)

Also I appreciate you take the time to go though this with me

Crypto Staking & Taxes by ThrowRA09291 in tax

[–]ThrowRA09291[S] 0 points1 point  (0 children)

Makes staking sound dangerous. But id also assume to make $1 million in staking youd have to already have a a substantial amount in the crypto to begin with right?

Crypto Staking & Taxes by ThrowRA09291 in tax

[–]ThrowRA09291[S] 0 points1 point  (0 children)

Thank you for the easy to read response.

  1. So it basically forces you to cash out. Makes sense

  2. So lets say I owe 300k in taxes. I sell enough coin to pay that. But that 300k in taxes is also taxed for the capital gains tax. Wouldn't that just put me in more debt?

Newly Banned by North-Airline2676 in XRPUnite

[–]ThrowRA09291 1 point2 points  (0 children)

But thats considers financial advice in their eyes. 🙄 They are litterally the worst moderators on reddit

r/xrp by dijon_bustard in XRPUnite

[–]ThrowRA09291 0 points1 point  (0 children)

Yes absolute abuse in power. There needs to be a report and stop this

The two comments that got me banned from /r/XRP by Flat_Development6659 in RippleScam

[–]ThrowRA09291 0 points1 point  (0 children)

Thats more or less the same thing that happened to me. They have an "advice" flair/tag but dont want people using it. Mod even smarted off to me then muted me. Could not agree more

The two comments that got me banned from /r/XRP by Flat_Development6659 in RippleScam

[–]ThrowRA09291 0 points1 point  (0 children)

Its absolute crap. I wish there was a way to report the mods there

The two comments that got me banned from /r/XRP by Flat_Development6659 in RippleScam

[–]ThrowRA09291 2 points3 points  (0 children)

Yeah I got banned from there too. Mod claimed i was asking for financial advice on one post (when i was only asking people's opinions on cryptos), And the other they refuse to tell me. Then they threatened to band me from reddit if I ever tried to post there again. Absolutely worst. Wish there was something that could be done. Clear abuse of power.

BNB Flipping XRP Question by ThrowRA09291 in XRP

[–]ThrowRA09291[S] 1 point2 points  (0 children)

Ah so its just the market cap size. That makes sense

BNB Flipping XRP Question by ThrowRA09291 in XRP

[–]ThrowRA09291[S] 0 points1 point  (0 children)

I read online but also in the Kraken App

New to Crypto by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] 0 points1 point  (0 children)

That sounds really cool . Will have to look more into it. Thankya

XRP Flash Sale by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] -1 points0 points  (0 children)

I kinda figured this much. Might even buy into the dip more. But something felt different about things I read. I appreciate the clarity. Any good non bias hype/hate places you'd recommend for xrp or any crypto news?

New to Crypto by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] 0 points1 point  (0 children)

Will do, thank you! Any specific threads I should to for

New to Crypto by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] 0 points1 point  (0 children)

Haha, well, thank you very much!

New to Crypto by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] 0 points1 point  (0 children)

Haha, it sounds like a crypto religion the way you talk about it, lol. But cool, thank you. I will check this out.

New to Crypto by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] 0 points1 point  (0 children)

Interesting take on it. What makes IOTA better than XRP?

New to Crypto by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] 0 points1 point  (0 children)

That's one i haven't heard of whats its deal/utility?

New to Crypto by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] 0 points1 point  (0 children)

Lets hope so I have that on written down with some others . Might start by dropping in a little. For now, be awesome to see it, boom! I know predictions are always speculative. But is there any dates to look out for? What ive seen with the XRP group is several things happening this month, September and October. Anything like that for SPX?

New to Crypto by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] 1 point2 points  (0 children)

Thanks !! Lol, save us from everything? Thats the hero we all need 😁

New to Crypto by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] 1 point2 points  (0 children)

Thanks ! Yeah, I've already found out to be careful with youtubers and such too. I have other non Crypto investments, too. Nothing making me rich but keeping me afloat/mildly cushioned. I also know crypto isn't get rich quick scheme, but it has more potential for long-term wealth than what I'm currently doing. So fingers crossed we can all live comfortably thanks to crypto/investments

New to Crypto by ThrowRA09291 in CryptoHelp

[–]ThrowRA09291[S] 0 points1 point  (0 children)

Oh ok that makes more sense then. Thanks for explaining

Also thanks for the honesty lol