RE: Splinterlands Assets as Stablecoins
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That was the idea you where talking about in our chat in discord :) I will personally just try to sit out the bear market, since I am still in an accumulating phase. Investing in cards and other splinterland assets like plots tracts or regions is for sure a good move. The game will go parabolic when it hits BSC with a governance token. I personally might take some profits and move into stablecoins on #cubdefi it is still DEFI and risky but at least you can be sure your assets won't get rugpulled by the team. Also staking DEC on either cub or VFTlabs brings you some extra passive income.
Interesting to hear that you are moving out of the banking system. How about taxation when you exchange crypto for FIAT? Here in Austria it would be a wrecking 28% tax to pay on the profits.
I was doing the same in the last 4 years, but I'm at the point where I want to give and take something out of crypto... Still learning, how and when, but it's a process... :)
And regarding taxes, I'm not pulling out some crazy amounts at the moment... Mostly spending on ordinary things (groceries, clothes, etc.) and paying with Wirex card... When you are doing things under the "limit" nobody will ask you questions... If I plan to do bigger amounts, will talk with some experts in the taxation field... :)
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I see well groceries and ordinary things I pay with the FIAT I get for my time, but since I own a business all assets have to be declared thats why I buy and HOLD because thats not a taxable event...
I understand that... I have owned a business and these vultures are always on your back...
I'm so happier when I'm free and not feeding the beast by paying them taxes for their vacations, yachts, lies... :) :)
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