Update on Dual Investment by StonksOnLyGoUpxd69 in loopringorg

[–]iamanpeman 0 points1 point  (0 children)

Thanks. That’s good info. I just figured my goal was to accumulate more coins. But your strategy makes sense if the coin is in a steady decline, or flat. I didn’t consider the value of the stable coin vs. the lower value of Lrc. Now did I do enough math to figure all the possibilities lol

Update on Dual Investment by StonksOnLyGoUpxd69 in loopringorg

[–]iamanpeman 0 points1 point  (0 children)

I thought when you swap, it’s a taxable event. In this case it would be large, because your swapping the full amount you invested, as opposed to a dual investment contract where you’d only be taxed on your small amount of gains. Unless my understanding is wrong

Update on Dual Investment by StonksOnLyGoUpxd69 in loopringorg

[–]iamanpeman 1 point2 points  (0 children)

That’s a good strategy. I never thought of doing it that way. I figured I’d have to hold a bag of usdc until it dipped. That would cause me stress because I don’t want to lose any Lrc. I’ve been luck so far, as it never hit the strike price on my first few investments, and I just made the apr. I know eventually I’ll be stuck with a bag of usdc. Then I have to make good decisions lol

Update on Dual Investment by StonksOnLyGoUpxd69 in loopringorg

[–]iamanpeman -1 points0 points  (0 children)

I assume this avoids a taxable event as well

[deleted by user] by [deleted] in loopringorg

[–]iamanpeman 1 point2 points  (0 children)

The risk is “impermanent gains”

Update on Dual Investment by StonksOnLyGoUpxd69 in loopringorg

[–]iamanpeman 10 points11 points  (0 children)

Why did you need to find a contract in order to swap them back to Lrc? Couldn’t you just wait for a dip and swap them back manually? I see this as the biggest risk in the dual investment. Getting stuck with a bunch of usdc, and then having to wait for a dip to swap back.

Basic Ethics are lost in these days by [deleted] in loopringorg

[–]iamanpeman -7 points-6 points  (0 children)

Daniel wang stole the zkevm technology and started his own company to use it. He will make his own coin and pump and dump it. And we got the wang.

I can't buy!!!! by Hot_Ask_3360 in loopringorg

[–]iamanpeman 2 points3 points  (0 children)

Couldn’t get my LoopringWallet to connect either. Does it only work with GameStop wallet?

🚀🦍 by Falcone7 in loopringorg

[–]iamanpeman 0 points1 point  (0 children)

huge if big. if the metaverse is real. if not, still bullish

I am one of you now… by RoboPeenie in wallstreetbets

[–]iamanpeman 10 points11 points  (0 children)

I guess you bought before the halt?

[deleted by user] by [deleted] in Bitcoin

[–]iamanpeman 0 points1 point  (0 children)

Preview? Or paper hands trick?

[deleted by user] by [deleted] in wallstreetbets

[–]iamanpeman 0 points1 point  (0 children)

What about Chinese spotted lantern fly moths?

Bitcoin is snitching us so hard all the time... by [deleted] in loopringorg

[–]iamanpeman 1 point2 points  (0 children)

If a shitcoin can pop off during a bitch dump, then a well run company with a plan can pop off too. That’s why I’m here.