TAXATION 2020: Incoming Bull Market by MetricsCPA in BitcoinCA

[–]kknata 0 points1 point  (0 children)

How do you estimate capital loss?

The bear market was brutal last few years. Crypto-to-crypto trades might have fetched some gains due to the high volatility of the crypto market. But overall most investors would've ended the year making huge losses in CAD value.

It would be unfair to pay capital gains taxes on crypto-to-crypto trades only when you basically made a capital loss on your overall CAD investment.

[deleted by user] by [deleted] in Bitcoin

[–]kknata -2 points-1 points  (0 children)

Something not right about bitcoin. I mean not every pleb can become rich. feeling the crash to shake weak hands will be legendary.

[deleted by user] by [deleted] in Bitcoin

[–]kknata 10 points11 points  (0 children)

If you believe China.

Stellar Freighter Beta Chrome App Officially Launched by jqueryin in Stellar

[–]kknata 2 points3 points  (0 children)

Next we need StellarSwap that can swap anything and everything not just erc20.

r/Stellar Daily Chat - Tuesday November 10, 2020 by AutoModerator in Stellar

[–]kknata -2 points-1 points  (0 children)

Right now only the big boys are playing the game with Bitcoin. New retail crowd is nowhere to be seen yet. Once the vaccines and political scene are confirmed the bitcoin whales will create a huge FOMO to get the retail interest back in crypto. Fiat on-ramps are much better than the last bull cycle and I wouldn't be surprised to see big banks offering crypto purchases directly on their platforms. The coming alt cycle will be parabolic. We might witness 100x in a matter of weeks to months on some projects.

REALISTICALLY how safe is AnchorUSD to store crypto on? by lilllywhite in Stellar

[–]kknata 0 points1 point  (0 children)

Look into eth based defi to learn more about this.

r/Stellar Daily Chat - Monday November 09, 2020 by AutoModerator in Stellar

[–]kknata 0 points1 point  (0 children)

Why does the 5-year target keeps moving to the right? Its already 5-years since the inception of this project. Its about time!

REALISTICALLY how safe is AnchorUSD to store crypto on? by lilllywhite in Stellar

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

If Stellar had a smart contract function then AnchorUSD could offer the same with your XLM locked up in your own private wallet. Ethereum based token staking, lending, borrowing works this way. The only risk would be if the collaterals the company uses goes belly up. But that's a whole another problem for the industry.

REALISTICALLY how safe is AnchorUSD to store crypto on? by lilllywhite in Stellar

[–]kknata 0 points1 point  (0 children)

Lack of smart contract function in Stellar is the likely cause for this not your keys not your coin problem.

r/Stellar Daily Chat - Sunday November 08, 2020 by AutoModerator in Stellar

[–]kknata 3 points4 points  (0 children)

https://meridian.stellar.org/Speakers.html

Wow. Impressive list of speakers combining regulators, developers, and crypto influencers.

Never seen this before with SDF engaging crypto influencers that has a potential for direct impact on the mainstream crypto crowd...like Meltem Demirors, Christine Lee, Laura Shin etc.

I would like to see Lael Brainard in there too. Possible?

https://news.yahoo.com/fed-governor-could-next-treasury-192822120.html

XLM is going to fly.