TrueDegen

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TrueDegen

TrueDegen

@DegenTrue

Retired TradFi Gone Web3: Chief Finance Degen @ExploreOmnia | @SappySealsNFT

Katılım Mayıs 2019
1K Takip Edilen2K Takipçiler
TrueDegen
TrueDegen@DegenTrue·
Study Covid crash Study liquidiation events Study Emergency intervention It’s gonna be ok friends Survive
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TrueDegen
TrueDegen@DegenTrue·
Ok goodnight if you are down bad go touch grass close the screens until number go up technology gets turned back on
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TrueDegen
TrueDegen@DegenTrue·
Degen is a bull bull bull bull bull
TrueDegen tweet media
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TrueDegen
TrueDegen@DegenTrue·
Sol going up against bitcoin pair while bitcoin dropped another $1k in a 5 min candle Soon.exe
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TrueDegen
TrueDegen@DegenTrue·
@Aelio33 Markets are a game of forced sellers giving coins to willing buyers UpOnly
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TrueDegen
TrueDegen@DegenTrue·
To the new class this is a fraction of what we felt during the Covid crash btw Bitcoin literally was down like 50% in a <24hr period it was so fucking over From the ashes defi summer was born Lesson there
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TrueDegen
TrueDegen@DegenTrue·
Btw if you’re bullish eth flows due to ETF (I’m not sure but it probably becomes a narrative at *some point*) This is likely generational buying op NFA GL HF ILY
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TrueDegen
TrueDegen@DegenTrue·
Not a lawyer but worked in tax accounting prior to crypto and my perspective always comes from a US tax ruling Airdrops are one of the only thing that the IRS has given fairly clear guidance on The verbiage is “dominion and control” basically what that means is when an individual has the ABILITY to sell a token at a FMV that is the timing and price in which a taxable event occurs If you got airdropped a honey pot token that had a recorded price but it wasn’t actually realizable you would argue against a taxable event if you were ever audited There is another side of this argument however relating to unrequested gifts IE you are someone like Ansem who is a very prominent figure some team airdrops you $1M of RandomToken and he sends them to the burn address should he incur a taxable event? Most accountants would say no Like most things in the accounting world the exact answer is always “it depends” and the IRS considers individual circumstances and intent
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Loopify 🧙‍♂️
Loopify 🧙‍♂️@Loopify·
lawyers, i need your input it’s common that people say it’s a “taxable event” if you airdrop/claim tokens but that doesn’t make sense what if there is 0 liquidity? what if the liquidity is barely enough where you most likely can’t exit? do people just say this and not know
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TrueDegen
TrueDegen@DegenTrue·
Update: “FML when’s this gonna stop” Soon ™️
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TrueDegen@DegenTrue·
Cheat code indicator "I'm a little concerned about the crypto markets rn" Note this isn't full panic from him yet but a good sign
TrueDegen@DegenTrue

@realbertbobby I actually have a cheat code in the form of a friend that is the absolute perfect counter indicator When he is euphoric in my bags I sell some When he texts me in a panic over my bags I buy back 99.99% hit rate

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TrueDegen
TrueDegen@DegenTrue·
People starting to lose hope and capitulate Meme coins for the most part getting absolutely bodied People suggesting the cycle is different this time Few more liquidations then UpOnly
TrueDegen@DegenTrue

The one thing that gives me pause in bidding too hard now other than the fact I've been eyeing 52k for a while now I do not see a single person suggesting this run is over Let me be clear I don't think it is as my base case, but until people en mass do I dont think bottom is in

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TrueDegen
TrueDegen@DegenTrue·
@taran You have to give them credit tho because you’d imagine that with all the Sybil’s they removed adding to the sell side it would have been even worse
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TrueDegen
TrueDegen@DegenTrue·
All you guys bitching at @PrimordialAA for the fee associated with LZO There is an argument to be made that you have a cost basis in a token sale In that argument the proceeds from the tokens you SELL now become capital gain on sale instead of ordinary income on CLAIM
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TrueDegen
TrueDegen@DegenTrue·
People are funny man you interact with a protocol doing things that you would have done regardless That protocol gives you the equivalent in $ terms what normies work weeks to months of their lives for Pitchforks We are more fortunate than a large % of the world
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TrueDegen
TrueDegen@DegenTrue·
@BlurCrypto These the same “experts” that everyone said was buying friend above $10? 🧐
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Blur
Blur@BlurCrypto·
expert traders buying $ZK at $4 otc with size today not financial advice
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Bryan Pellegrino (臭企鹅)
Bryan Pellegrino (臭企鹅)@PrimordialAA·
Can't help myself lol, what a cluster. putting final touches on this list -- hopefully not too much longer
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Keşfet

@Aelio33 @loopify @taran @elonmusk @BarackObama @taylorswift13 @cristiano @BillGates