Still pretty decent figures and like you, not really sure what's going on with the HIVE prices but at 8.5p I just got another 1k for PUD - mostly because the badge but hey, it all counts lol!
I've heard a lot about AVA, I'm thinking of just buying it outright and stake that amount needed for 20% returns or whatever it is.
There's a few airdrops happening on HIVE and LEO so might be worth just keeping the stake going until those happen. Think 3Speak and LEO are doing a drop in Q1
500 is the minimum you can stake, then it's 1000 after that, which is what I'm aiming for now.
Honestly, I was really sceptical at first, then I tried out their search engine, they gave me better results for flights back to the UK from Portugal than Expedia.
I can't imagine ever owning 5K which is the max you can stake, but certainly 1000.
I didn't cash in that much Hive or leo - I sold some lTC and all my XRP and some fiat.
But honestly, I've got a lot of LEO! I think it's silly to not diversify a little.
Ah ok, so about £500 to buy 1000 AVA at this rate. Does that get you 2% discount or something like that on their tiered system. I read a bit about it but couldn't take it all in! Sounds like it might be a good venture and another one of those "stake for tiered rewards" style tokens like CEL.
Good call on XRP, I shipped that out earlier in the year, seems to be having a knock on effect with XLM too all this SEC malarkey!
I'm slowly buying up CEL and ETH too but like you, might just delegate a little more to leo.voter for those gift tokens ;)
Are you counting your earnings from blogging as taxable income? I've just started looking into the whole tax thing having ignored it for 3 years.
From what I've read, we should be recording every single transaction and working out the sterling value of it. No way I can do that going forward or looking at the past.
I'd need to find out the Steem/Hive/Euro/US dollar price every time I did something. Apart from the more normal buying and selling of crypto every change from a Hive to swap.hive and swap.hive to something else, for example, is a taxable event.
How are you handling it all?
Any idea where I can find historical data for my Steemit posts or my Blocktrades trades? I literally have a headache just writing this. It's a massive undertaking.
This was a response to your original comment. I think you edited while I was posting. 😂
They are a taxable event every time you exchange a token for another token or currency. Then when you take them to fiat they come under capital gains tax. The rules were updated from when I looked a couple of years ago. And Coinbase and other exchanges have agreed with the HMRC to pass them records of all accounts who received more than £5,000 worth of crypto assets in their Coinbase account during the tax year of 2019/20.
Shifting your tax base to Portugal to avoid capital gains isn't easy either. I've read a lot of discussions of people talking about doing this (although they were mostly talking about moving to Malta). But it's quite complicated and you have to be there at least 5 years before selling and can't hold abiding ties in the UK during that time etc. etc.
Of course my other strategy is leading a low income lifestyle, I'll never need to cash out more than a few thousand a year anyway, so whatever tax I do pay would be pretty minimal.
Wow! Nice job! That is a pretty impressive deck you must have for Splinterlands. I think mine is worth about $1000. I have been reinvesting most of my DEC into Hive and Leo. Nice job on your power up as well. I need to start keeping some of my liquid Hive aside so I can do a power up soon.
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Yes, I feel the same. I peeked one day and it was 10c but I wasn't near enough a computer to buy some!
Nice earnings, interesting the way they balance.
It'll probably go lower!
I was surprised, LEO seems to be held up by ETH maybe?!?
That's a bit of a guess.
Posted Using LeoFinance Beta
I’m finding all Leo projects are more profitable at the moment. I’d recommend looking at dcity for a good source of income.
I just can't invest in DCity, not the way Gerber is selling off Hive. 50K last month.
I expect developers to have a larger stake in the platform as a whole!
Posted Using LeoFinance Beta
I did not know he was selling off the much hive...
He mints DCITY cards, pays you in Hive for holding them and devalues your rewards by selling that Hive.
It's not something I'm supporting.
Posted Using LeoFinance Beta
Do you know if anyone has talked to him about why he keeps selling? I see covering costs maybe making a profit, but 50k seems excessive.
I guess he just prefers Bitcoin or doughnuts or whatever else he buys with the Hive!
Posted Using LeoFinance Beta
Still pretty decent figures and like you, not really sure what's going on with the HIVE prices but at 8.5p I just got another 1k for PUD - mostly because the badge but hey, it all counts lol!
I've heard a lot about AVA, I'm thinking of just buying it outright and stake that amount needed for 20% returns or whatever it is.
There's a few airdrops happening on HIVE and LEO so might be worth just keeping the stake going until those happen. Think 3Speak and LEO are doing a drop in Q1
Posted Using LeoFinance Beta
500 is the minimum you can stake, then it's 1000 after that, which is what I'm aiming for now.
Honestly, I was really sceptical at first, then I tried out their search engine, they gave me better results for flights back to the UK from Portugal than Expedia.
I can't imagine ever owning 5K which is the max you can stake, but certainly 1000.
I didn't cash in that much Hive or leo - I sold some lTC and all my XRP and some fiat.
But honestly, I've got a lot of LEO! I think it's silly to not diversify a little.
Posted Using LeoFinance Beta
Ah ok, so about £500 to buy 1000 AVA at this rate. Does that get you 2% discount or something like that on their tiered system. I read a bit about it but couldn't take it all in! Sounds like it might be a good venture and another one of those "stake for tiered rewards" style tokens like CEL.
Good call on XRP, I shipped that out earlier in the year, seems to be having a knock on effect with XLM too all this SEC malarkey!
I'm slowly buying up CEL and ETH too but like you, might just delegate a little more to leo.voter for those gift tokens ;)
Posted Using LeoFinance Beta
Here are the benefits - the top 2 go up by 1% for the next tiers
Posted Using LeoFinance Beta
Let's see if 2021 brings anything new for the SPT token. I kind of doubt it, but the hope dies last (as we say in German). I keep on stacking it!
Monster Upvote SPT (Splintertalk.io)
Delegate SPT to @Monster-Curator with LeoDEX or Hive Engine and earn daily SPT payouts.Are you counting your earnings from blogging as taxable income? I've just started looking into the whole tax thing having ignored it for 3 years.
From what I've read, we should be recording every single transaction and working out the sterling value of it. No way I can do that going forward or looking at the past.
I'd need to find out the Steem/Hive/Euro/US dollar price every time I did something. Apart from the more normal buying and selling of crypto every change from a Hive to swap.hive and swap.hive to something else, for example, is a taxable event.
How are you handling it all?
Any idea where I can find historical data for my Steemit posts or my Blocktrades trades? I literally have a headache just writing this. It's a massive undertaking.
Posted Using LeoFinance Beta
I'm basically ignoring it for now.
As far as I'm concerned i'm not not earning anything - it's all just token swaps which people put a fiat value on just for fun.
If ever I cash any out for fiat I'll just put by 20% or thereabouts for tax.
If I can hold out long enough until I figure out how to shift my tax base to Portugal I don't think I'll have to worry about it at all!
This was a response to your original comment. I think you edited while I was posting. 😂
They are a taxable event every time you exchange a token for another token or currency. Then when you take them to fiat they come under capital gains tax. The rules were updated from when I looked a couple of years ago. And Coinbase and other exchanges have agreed with the HMRC to pass them records of all accounts who received more than £5,000 worth of crypto assets in their Coinbase account during the tax year of 2019/20.
Posted Using LeoFinance Beta
Oh that is interesting, I don't think I've bought or sold that much crypto thankfully!
Posted Using LeoFinance Beta
Shifting your tax base to Portugal to avoid capital gains isn't easy either. I've read a lot of discussions of people talking about doing this (although they were mostly talking about moving to Malta). But it's quite complicated and you have to be there at least 5 years before selling and can't hold abiding ties in the UK during that time etc. etc.
Of course my other strategy is leading a low income lifestyle, I'll never need to cash out more than a few thousand a year anyway, so whatever tax I do pay would be pretty minimal.
Posted Using LeoFinance Beta
Yep. I'm with you on this one but I feel I need to get some records all in one place and then stay on top of it.
Happy New Year by the way!!!
I guess it makes sense! And happy new year!
Posted Using LeoFinance Beta
Wow! Nice job! That is a pretty impressive deck you must have for Splinterlands. I think mine is worth about $1000. I have been reinvesting most of my DEC into Hive and Leo. Nice job on your power up as well. I need to start keeping some of my liquid Hive aside so I can do a power up soon.
Posted Using LeoFinance Beta
Hey cheers and happy new year!
Congratulations @revisesociology! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Do not miss the last post from @hivebuzz: