2021 ๐Ÿ’Ž Diamond Hands FOMO Club

                     Hello 

 & welcome to the Electroneum  community Forum.. 


           ๐Ÿ’Ž Diamond Hands FOMO Club ๐Ÿ’Ž

      ( Name credit goes to @Moonman ๐Ÿค๐Ÿ’Ž )

As normal the same rules apply;

This is ETN FOMO club
No FUD
No Swearing
No Referral links

Above all please be courteous to all guests, Thank-Youโ€ฆ

:peace_symbol::heart::grin:

If you find any problems along the way please contact the moderators or adminโ€ฆ

Please use these buzzwords on your social media chats as it will help point people to Electroneum and further our reach.

#ETN
#Electroneum
#WeAreETN
#crypto
#cryptocurrency
#blockchain
#exchange
#unbanked
#technology
#financialinclusion
#fintech
#ICO
#cryptotrading
#altcoin
#trading
#secure #etneverywhere #EtnFamily #taskschool #AnyTask
#electroman
#cryptocurrency
#cryptocurrencies
#CryptoNews
$ETN

Linksโ€ฆ

Main

Support

https://support.electroneum.com/hc/en-gb

AnyTask

https://anytask.com/

Official groups

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Links for news and updates

Etn Pressroom https://news.electroneum.com/

Anytask Pressroom https://news.anytask.com/

Unofficial Groups:

Reddit:

2021 Will be a very exciting year for Electroneum & AnyTask

Hodl longโ€ฆ and enjoy the ride.

Plankton (admin/mod)

tada! Welcome to the squirrels.

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I love it @Planktroneum great job brother!!!

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From now only one wayโ€ฆ to the smoooooon :pray::rocket::rocket::rocket::rocket::rocket::rocket::rocket::rocket::wink:

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Good to be here, love the title! Iโ€™m ready to be amazed by ETN. All buckled up, popcorn at the ready.

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Iโ€™ve arrived now too, great name @Planktroneum!

Good morning everyone, I hope youโ€™re all having
a great Sunday. :coffee:

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This is why when i start using crypto based debit cards that I will shift towards ones that I reload in bulk to usd from crypto. Fewer taxable events to track that way.

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Woohooo!! Diamond hands unite! Good stuff, @Planktroneum

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hey guys itโ€™s a pleasure to be here

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Sounds like a good plan.

It seems Iโ€™ve been under a misconception for a long time. Always thought that spending the ETN (or other crypto) as opposed to selling it wouldnโ€™t be taxable. Iโ€™m going to have to take a while to process this and decide my best way forward.

I must say it seems totally wrong, as itโ€™s taxing a sale twice, as there is already a sales tax on the transaction that is paid by the seller and passed on to the buyer as part of the price.

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Hi folks i liked the name because diamonds are for ever, Happy daysโ€ฆ

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It helped me wrap my brain around it to remember that I am only being taxed on the gain.
Important to remember here too is that in the US at least losses can offset that gain.
I also am looking fondly at Portugal. That is an entirely different topic.

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Hello fellow DHโ€™s :handshake: :diamond_shape_with_a_dot_inside:

It appears we have a falling wedge, BUT is it a bullish or bearish FW :thinking:

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Yeah. Quoting myself. Tacky.
From what I saw in the UK the first 12k in gains are tax free depending on income.
In the US short term is taxed as income. Long term (over year) has more favorable treatment. If living only on such gains it works out that the first $52k is tax free at the federal level. my state would charge me 4.4% on 40k of that. After that the rate is still lower than comparable income rates.
So it can still be pretty ok.

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Cashing out in a smaller number of large amounts and spending as fiat certainly doesnโ€™t help mass adoption of crypto, but maybe thatโ€™s the idea.

The silly thing is if you had a massive gain and started splashing your money around you are already boosting the economy and generating large amounts of sales tax.

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Yeahโ€ฆ Portugal is nice optionโ€ฆ till now :wink:

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The reasoning is that in the US, and from the looks of it UK, crypto is taxed as property instead of treated as currency. That is probably how it will be until the explosive growth is out of crypto.

1 Like
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