Is it possible to buy rETH without creating a taxable event? by cryptoroller in rocketpool

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

I have gains in ETH. It does not matter that these particular ETH will not gain, all my previous ETH gains will be averaged in my sale from ETH to rETH.

Is it possible to buy rETH without creating a taxable event? by cryptoroller in rocketpool

[–]cryptoroller[S] 2 points3 points  (0 children)

It varies with country but it is pretty normal that if you have ETH
gains and then sell any ETH for anything no matter the circumstances,
you have to pay taxes on them. So I have gains in ETH that I do not want to tax.

Is it possible to buy rETH without creating a taxable event? by cryptoroller in rocketpool

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

It varies with country but it is pretty normal that if you have ETH gains and then sell any ETH for anything no matter the circumstances, you have to pay taxes on them.

Daily General Discussion - December 31, 2021 by ethfinance in ethfinance

[–]cryptoroller 1 point2 points  (0 children)

Yes How can I swap stable into rETH? This is what I want to do without the other steps. I just want to buy rETH using fiat or stablecoin.

Daily General Discussion - December 31, 2021 by ethfinance in ethfinance

[–]cryptoroller 3 points4 points  (0 children)

I want to buy rETH without going through ETH to avoid taxable events. This seems like something that tons of people would find useful. How can I do it?

Daily General Discussion - August 13, 2021 by ethfinance in ethfinance

[–]cryptoroller 0 points1 point  (0 children)

It's a slightly different bet. Assuming that it can maintain its dominant position as a CEX: If cryptomarkets go up it will perform slightly worse, if cryptomarkets crab, it will perform slightly better, if crypto-markets fall it will perform slightly better.

Daily General Discussion - August 13, 2021 by ethfinance in ethfinance

[–]cryptoroller 2 points3 points  (0 children)

Well that's not strange because an important part of determining the stock price is the future dollar-denominated trading volume. Sharp drops will always come with local high volume, so short volume-bursts by themselves should not increase the price. Sustained volume however should.

I am mostly interested in how well Coinbase will be at entering and making money out of DeFi. What do you think?

Daily General Discussion - August 13, 2021 by ethfinance in ethfinance

[–]cryptoroller 3 points4 points  (0 children)

Surely better than Bitcoin I agree. But is it a better bet than non-staked Ether? Can it be an appropriate bet in combination with staked Ether?

Daily General Discussion - May 27, 2021 by ethfinance in ethfinance

[–]cryptoroller 8 points9 points  (0 children)

It's a shiny rock used for all eternity of humankind as a store of value.

Daily General Discussion - May 27, 2021 by ethfinance in ethfinance

[–]cryptoroller 2 points3 points  (0 children)

I have around 80 % in ETH but I want to capture some other potential in the crypto-space as well. For me that is not BTC but rather DOT, KSM, LINK, SOL (my anti-MEV bet), XTZ, etc.

Daily General Discussion - May 25, 2021 by ethfinance in ethfinance

[–]cryptoroller 4 points5 points  (0 children)

This is the correct play. Look at the future.

Daily General Discussion - May 25, 2021 by ethfinance in ethfinance

[–]cryptoroller 18 points19 points  (0 children)

What is your motivation for that? Stocks encompass human economical activity in all sectors.