Look at the generational difference…
1990s:
• Get a university degree
• Get a 9–5 job
• Suit and tie
• Get promoted
• Get married at 21
• Buy a house at 25
• 4 kids, 1 dog
• Retire at 60
2026:
• Survive… Show more
I get so many requests for the best location to survive the disaster in Europe. It's tough - not many good options.
If I HAD to pick a spot in the region it would be the north side of the Carpathian Mountains (Romania/Ukraine).
@idontmindk I think they saw the resale market last year and jacked the prices up big. Last year there were still normal tickets available on a weekday non finals match with resale tickets listed under face value because with Amex you could get tickets bogo $25-40 for quarter and semi
@usopen@AmericanExpress@Ticketmaster I wanted to book for the first 3 days of the tournament. Am I making a mistake, or have the prices increased considerably compared to the last 3 years?
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lot of people overeager to call a bottom, when price shifts from multi month ranges to the downside with volume it typically indicates a mid-longterm shift in trend
you will very likely have time to buy the bottom after period of consolidation in new price range
V-bottoms unlikely unless driven by substantial shift in macro env which would be an identifiable tradable event that you could respond to in real time instead of trying to predict
respect the trend
Final warning that @ExploreOmnia is launching their first game any day now on @monad_xyz It’s been 3 years in the making, has an established cult, will be the flagship game on Monad, and is powered by $PIXL which is sitting at a 20mil mc. Do what you will with this information.
@CryptoTaxSucks This is why the claim model is better than the old airdrop model. As now you can claim and sell your tax burden immediately. The rule still sucks but if he sold 20-30% of his stack on claim he would have the cash for tax
Crypto tax is broken in America.
The PENGU airdrop is a perfect example why.
And shows what we can do to fix it.
Yesterday I was tagged in a post by this user who got a $250k PENGU airdrop.
It's worth $90k today.
So they can just sell at a loss and not owe tax, right?
Wrong.
In the US airdrops are taxed as income at the fair value when you receive them.
This user owes income tax on the $250k value of their airdrop.
This pushes them into the 35% federal tax bracket meaning they will owe $87.5k in tax on this airdrop.
And since they claimed it in Dec. 2024 - they owe that on April 15th with their 2024 tax return.
Yikes.
Even if they sell today for a $160k loss, they can only use $3k of losses per year against income.
And if the price keeps dumping?
Double yikes.
Nobody should have to potentially pay more in tax than they have in their wallet.
In my opinion, taxing crypto airdrops, staking rewards, mining rewards, etc. as income at the value when received is ridiculous.
Crypto assets are extremely volatile - especially during their initial allocations.
If we wanted fair rules on crypto income tax?
At a minimum:
Any airdropped non-stablecoin tokens should be taxed when they're sold. Not when they're received.
I also think there are great arguments to be made that staking rewards + mined tokens should have the same tax treatment.
Tax them when they're sold.
But what do you think?
"This pushes them into the 35% federal tax bracket meaning they will owe $87.5k in tax on this airdrop."
Not quite. It's a marginal rate, meaning each bracket rate applies only to dollars within that bracket. So unless he was already in the 35% bracket from all his other income, the effective tax rate on his airdrop will be some amount lower than 35%. Conversely, if his other income is high enough, it could be more!
But assuming he has no other income and is a single filer, the effective rate would be ~23%.
Definitely still sucks though.