4 ms·
Which currencies? How much have you had to stake to make these kinds of returns?
by twox2 5y ago
Which currencies? How much have you had to stake to make these kinds of returns?
- outro_macros 5y agoI just stake decred. Years ago I was much more ambitious and after losing money in multiple exchange hacks, and then losing nearly everything again in the ethereum DAO exploit, I will never again leave coins around outside of my own custody. Few cryptos let you stake easily while maintaining complete custody of your coins Last I checked, I averaged just over the current annual roi at about 5%, but back in 2017 roi was higher at like 7% so you can do the math to see how much I have :) It's all a bit of a blessing and a curse though. The year I made over 20k staking, I actually paid ~35% tax on that without realizing any profit in USD but thankfully I had enough money to handle that
- twox2 5y agoCool thanks for sharing. The volatility can get brutally expensive. I sell NFTs for ETH, which of course have to pay income tax on, but if suddenly ETH tanks.... ouch
- outro_macros 5y agoYeah.. After the 2017 ICO bubble popped I had to take out 6 months salary in credit just to pay the IRS. (The alternative was liquidating every crypto I held at a massive loss) It felt like I wasted everything butttt never again! I've already sold 12 months+ salary from a few other cryptos this cycle (: