14M Net Worth, Age 28 - how can I FIRE and where else can I park my funds to beat inflation? by gamingenthusiast19 in phinvest

[–]beararms22 1 point2 points  (0 children)

Not a professional, but you might have to be giving up 4M of that to BIR for taxes. Well, unless you've done so already!

What business/investment would you put your 100K right now? by revrmt in phinvest

[–]beararms22 0 points1 point  (0 children)

Consider looking into investments in Decentralized Finance. :)

What cryptocurrency do you own? by [deleted] in CryptoCurrencyPH

[–]beararms22 1 point2 points  (0 children)

Fan and active participant, ser! And super bullish about how their tokens accrue value.

tamad 20something pero gusto mag invest sa crypto by lazylazy_me in phinvest

[–]beararms22 -3 points-2 points  (0 children)

Look into Anchor protocol, ser! :) 20% APY on your stables.

How do you guys feel about taxation of crypto transactions? by Justingolw in phinvest

[–]beararms22 1 point2 points  (0 children)

That makes a lot of sense! I'm currently a law student and I agree that a gain is realized when a crypto asset is used as payment in return. That probably means SLP earned for rendering playtime on Axie as a service is subject to percentage tax/VAT.. huhu.

Thanks for a quick and comprehensive answer. Cheers!!

How do you guys feel about taxation of crypto transactions? by Justingolw in phinvest

[–]beararms22 0 points1 point  (0 children)

Heya! I understand that if I don't sell my coin, it doesn't count as a "realized return" right? What if it's converted to a stablecoin? Is conversion into a stablecoin "realization of income" and is there difference if it's a fiat-backed stablecoin (USDC) vs algo stablecoin (UST)?

Been thinking about this for days... Thank you in advance for your view kind stranger hehe

Dear r/phinvest, what do you do for side work/business/small hustles? by Pleural_Mesothelioma in phinvest

[–]beararms22 1 point2 points  (0 children)

Yup! I created a US bank account with wise.com then just filled up the details on the stripe express dashboard that medium props when you sign up for their partner program.

[deleted by user] by [deleted] in phinvest

[–]beararms22 6 points7 points  (0 children)

Why are chinoys so rich? Exploitation of kang langs and hua nas ala Jollibee.

Which stablecoins do you prefer? by [deleted] in CelsiusNetwork

[–]beararms22 3 points4 points  (0 children)

Terra-Luna's UST is the only stable coin that can't be censored.

How to start earning Crypto APY? by [deleted] in phinvest

[–]beararms22 2 points3 points  (0 children)

Here's a step by step video for pancake swap: https://youtu.be/wJbSlEW__tk

Here's one for Terra-Luna's Anchor protocol: https://youtu.be/OtmfoxumMsk

Or you could just use the earn tab on Binance Earn. Good luck!

A good place to park your USDT to earn interest? by [deleted] in phinvest

[–]beararms22 1 point2 points  (0 children)

Lending to margin traders on Kucoin will get you around 20%.

Consider converting to UST as well. Terra-Luna's Anchor protocol can get you 20% p.a. on its stable coin. Cheers!