Karen Coin at Freddy's tackle

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Kimtown
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Re: Karen Coin at Freddy's tackle

Post by Kimtown » Sat Jun 05, 2021 8:07 am

rb85 wrote:
Fri Jun 04, 2021 9:19 pm
happyfriggincamper wrote:
Fri Jun 04, 2021 9:04 pm
rb85 wrote:
Fri Jun 04, 2021 8:08 pm
happyfriggincamper wrote:
Fri Jun 04, 2021 2:56 pm
Kimtown wrote:
Fri Jun 04, 2021 1:50 pm


Teach me sensei
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Grasshopper-san
600% on how much invested? Have you cashed out?
Invested a balance between what we were comfortable in losing, but also enough to have a potential profit pull that would make putting down something like a house deposit very easy. 600% up we were on our way to comfortably having a house deposit.

I haven't cashed out any profit into AUD, but I've taken profits from some low cap alts I had good gains on and reinvested them into BTC and some other coins/projects that look to have solid fundamentals and use cases (which is more part of my long term strategy).
Interesting Im not knowledgable enough about crypto but unless you can use it to put a deposit on a house then you need to cash it in for your holding to actually be of any value.
I can’t see why financial lenders wouldn’t view crypto investments as equity. Therefore you wouldn’t really need to cash it in for it to be valuable to you.

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4liters
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Re: Karen Coin at Freddy's tackle

Post by 4liters » Sat Jun 05, 2021 8:26 am

They probably wouldn’t view it as equity because of its volatility and the fact that there is nothing of any value behind it.
2015/16 Fisting Victoria Species comp total: 289cm
Brown Trout: 37cm
Flathead: 51cm; Squid: 36cm; Australian Salmon: 51cm; Snapper 46cm; Silver Trevally 23cm; KGW: 45cm
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4liters
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Re: Karen Coin at Freddy's tackle

Post by 4liters » Sat Jun 05, 2021 8:31 am

sandef wrote:
Sat Jun 05, 2021 3:05 am
4liters wrote:
Sat Jun 05, 2021 1:03 am
Don't forget it's all subject to capital gains tax too!
I'm Greek what's this word tax
It’s what happens when you forget to stuff cash into the wall cavity or bury it in the tomato patch
2015/16 Fisting Victoria Species comp total: 289cm
Brown Trout: 37cm
Flathead: 51cm; Squid: 36cm; Australian Salmon: 51cm; Snapper 46cm; Silver Trevally 23cm; KGW: 45cm
Major Sponsor: Rim Master Tackle

rb85
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Re: Karen Coin at Freddy's tackle

Post by rb85 » Tue Jun 08, 2021 6:53 pm

Kimtown wrote:
Sat Jun 05, 2021 8:07 am
rb85 wrote:
Fri Jun 04, 2021 9:19 pm
happyfriggincamper wrote:
Fri Jun 04, 2021 9:04 pm
rb85 wrote:
Fri Jun 04, 2021 8:08 pm
happyfriggincamper wrote:
Fri Jun 04, 2021 2:56 pm


www.youtube.com
www.twitter.com

Grasshopper-san
600% on how much invested? Have you cashed out?
Invested a balance between what we were comfortable in losing, but also enough to have a potential profit pull that would make putting down something like a house deposit very easy. 600% up we were on our way to comfortably having a house deposit.

I haven't cashed out any profit into AUD, but I've taken profits from some low cap alts I had good gains on and reinvested them into BTC and some other coins/projects that look to have solid fundamentals and use cases (which is more part of my long term strategy).
Interesting Im not knowledgable enough about crypto but unless you can use it to put a deposit on a house then you need to cash it in for your holding to actually be of any value.
I can’t see why financial lenders wouldn’t view crypto investments as equity. Therefore you wouldn’t really need to cash it in for it to be valuable to you.
Probably because its highly speculative or as 4L said its volatility.
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