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  1. #781
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    Quote Originally Posted by gqmw View Post
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    I bought Vechain many years ago, thought it was a sunk cost so nice to see that it's finally worth something...
    Yeah, it basically went 100x in the last few years. Take your profits :p
    I can eat more hot wings than you.

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    Quote Originally Posted by Sentry View Post
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    Rhymes with Fonzi?
    Attachment 98770
    I mean this basically is how all crypto works

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    Anyone who's been doing this for more than a hot minute, are you using an accountant for your taxes? Or doing it on the up and up?

    CRA seems to view buying/selling/trading crypto for other crypto as singular capital gain events that are probably easily calculated and taxed.

    But mining crypto seems to be entirely viewed as business, not sure how to properly account for next year's taxes.

    Im currently keeping a ledger of times I buy and sell anything, and keeping track of monthly expenses for GPUs, risers, frames etc needed, but I only expect to have a small mining profit by December.

    However their guidelines almost seem to imply purchases of equipment before starting a business dont count as a loss, but once your are mining and making money post purchases they want that sweet tax money.

    "Guide for cryptocurrency users and tax professionals - Canada.ca" https://www.canada.ca/en/revenue-age...ncy-guide.html

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    I read these guys were a good investment.


  5. #785
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    Quote Originally Posted by colsankey View Post
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    Anyone who's been doing this for more than a hot minute, are you using an accountant for your taxes? Or doing it on the up and up?

    CRA seems to view buying/selling/trading crypto for other crypto as singular capital gain events that are probably easily calculated and taxed.

    But mining crypto seems to be entirely viewed as business, not sure how to properly account for next year's taxes.

    Im currently keeping a ledger of times I buy and sell anything, and keeping track of monthly expenses for GPUs, risers, frames etc needed, but I only expect to have a small mining profit by December.

    However their guidelines almost seem to imply purchases of equipment before starting a business dont count as a loss, but once your are mining and making money post purchases they want that sweet tax money.

    "Guide for cryptocurrency users and tax professionals - Canada.ca" https://www.canada.ca/en/revenue-age...ncy-guide.html
    I used some crypto tracking software that links into binance and my wallets and it prints out a statement of all the buys and sells and then tells me my capital gains or losses, I submit that with my taxes and pay whats due. Last year I let a bot run on binance for a week and it traded 80K and lost 82K (from an initial deposit of 1000$) and I lost money last year somehow. I had $1500 of capital losses last year. This year Ive already 5x my money so I know I will be paying some taxes, hopefully I can offset it somehow.

    Quote Originally Posted by 16hypen3sp View Post
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    I finally bought into the hype and got Safemoon. Totally convoluted shit show to buy. Had some co-workers coach me thru it. Going to try and get Bonfire tonight.

    No idea how to trade them tho.
    @16hypen3sp thanks for the tip I dumped 3k in last night and im already 3x on that. These swap tokens are a bit of a mystery to figure out though.
    Last edited by nzwasp; 04-21-2021 at 07:22 PM.

  6. #786
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    Managed to grab some BONFIRE and doubled overnight. Looks ATH right now with lots of momentum. Thing with these shit coins is the market can turn on a dime and absolutely tank, ill probably pull out sometime this morning and get back into the SAFEMOON dip.

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    Im up to 20K right now.

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    Quote Originally Posted by nzwasp View Post
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    I used some crypto tracking software that links into binance and my wallets and it prints out a statement of all the buys and sells and then tells me my capital gains or losses, I submit that with my taxes and pay whats due. Last year I let a bot run on binance for a week and it traded 80K and lost 82K (from an initial deposit of 1000$) and I lost money last year somehow. I had $1500 of capital losses last year. This year Ive already 5x my money so I know I will be paying some taxes, hopefully I can offset it somehow.


    @16hypen3sp thanks for the tip I dumped 3k in last night and im already 3x on that. These swap tokens are a bit of a mystery to figure out though.
    What software is this?
    Quote Originally Posted by heavyfuel View Post
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    That's why I just say I have a 4" dick and lift weights to make up for it.
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    I use cointracker.io but its a bit expensive for taxes, there are similar websites that are cheaper.

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    Pancakeswap migration... what a shit show, awaiting my airdrop for swapping my LPs too soon; I’ve now given up and put it into pools

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    I hope whoever's buddy pulled his money from safemoon before that rugpull yesterday.

    I made 7x in $bonfire then pulled it out because I had a bit of a security incident. I need to do a bit more DD before jumping on any of these shitcoins. Currently have some $$ in tacocat - seems decent, not a rugpull yet, and mbud (unsure of it but one difference from the majority of the shitcoins is that its price is like 0.004c vs the 0.0000000005c of most shit coins.)

    both are on the BNB Smartchain. Mbud has a 4million market cap. Tacocat has a 8 million market cap

    Im sure this pancake swap migration is keeping buyers out.

    Tokensniffer is a good website to find scams btw
    Last edited by nzwasp; 04-23-2021 at 09:22 AM.

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    Well shitcoins are basically straight up gambling.

    but I think ive found some winners.

    Still got about 1BNB worth in Bonfire. https://poocoin.app/tokens/0x5e90253...fed08a64ab5590
    Also excited about:
    $happy which is a mental health charity coin, https://poocoin.app/tokens/0xb0b924c...cee1e65736be1d Devs are doxxed, main guy is from Ottawa did a live AMA / charitable donation on livestream last friday. discord active
    $cummies - the nsfw cumrocket token https://poocoin.app/tokens/0x27Ae271...31bAeBc82d878d Devs are doxxed here - discord active
    $swinate - a realestate related coin - devs seem pretty chill and are active in telegram and discord

    also got a bnb worth in 420x which like bonfire doesnt seem to have any purpose at all. https://poocoin.app/tokens/0xc4b790e...98ed2a1ff0886a

  13. #793
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    Found a farm for my safemoon, the metrics for apy are not calculated correctly, but still doing about 4%/day while I wait for the rocket to take off... don’t feel too bad if it goes to zero since I have less than 1 BNB in it all; plus paired up with a second shitcoin; what’s the odds both go to zero?

    Get paid in a third shitcoin as well, it’s in a pool doing over 3%/day, so if I marthed this right, I should be worth 9 figures within a year, pfft... cracked it, crypto is easy!

  14. #794
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    I managed to burn through $100 worth of BNB just trying to figure out how the fuck to swap on pancake. I gave up when I started losing track of where my CAKE went.
    Quote Originally Posted by heavyfuel View Post
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    That's why I just say I have a 4" dick and lift weights to make up for it.
    Quote Originally Posted by 89coupe View Post
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  15. #795
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    Quote Originally Posted by LilDrunkenSmurf View Post
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    I managed to burn through $100 worth of BNB just trying to figure out how the fuck to swap on pancake. I gave up when I started losing track of where my CAKE went.
    The slippage is like 12-15% just to make it work.

    Anyone getting into FINE Token. IPO Launching in 20 mins or so. Get the official link from https://t.me/RefinableAnn
    Last edited by nzwasp; 04-27-2021 at 07:54 AM.

  16. #796
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    Quote Originally Posted by nzwasp View Post
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    The slippage is like 12-15% just to make it work.

    Anyone getting into FINE Token. IPO Launching in 20 mins or so. Get the official link from https://t.me/RefinableAnn
    CAKE won't even show me the exchange rate. Just says not enough liquidity.
    Quote Originally Posted by heavyfuel View Post
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    That's why I just say I have a 4" dick and lift weights to make up for it.
    Quote Originally Posted by 89coupe View Post
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    My car sounds like shit.

  17. #797
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    yes because it went to a 3B market cap off the first 1 mins\

    from 3c to 8$

    https://poocoin.app/tokens/0x4e6415a...87923aec331227

  18. #798
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    Well, I bought 1 fine.
    Quote Originally Posted by heavyfuel View Post
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    That's why I just say I have a 4" dick and lift weights to make up for it.
    Quote Originally Posted by 89coupe View Post
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    My car sounds like shit.

  19. #799
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    Quote Originally Posted by LilDrunkenSmurf View Post
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    Well, I bought 1 fine.
    Apparently Binance threw them under the bus an hour ago. So maybe its good we didnt get in to early - although a private sale at 3c to sell at $6 would of been awesome
    Quote Originally Posted by BavarianBeast View Post
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    Could have been over 60% if I wasn’t a paper hand bitch

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    Quote Originally Posted by nzwasp View Post
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    Apparently Binance threw them under the bus an hour ago. So maybe its good we didnt get in to early - although a private sale at 3c to sell at $6 would of been awesome
    Say what?
    Quote Originally Posted by heavyfuel View Post
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    That's why I just say I have a 4" dick and lift weights to make up for it.
    Quote Originally Posted by 89coupe View Post
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    My car sounds like shit.

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