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Pinned Tweet
11 May 2022
Iβm a licensed CPA in the US. If you need help navigating the tax implications of the $UST $LUNA and overall #crypto / #stock market crashes, comment here or DM me. No charge.
I donβt have a large network here so please retweet if you think this is valuable to the community. π
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18 May 2022
Creating a hopefully-concise pre-buy/sell checklist to keep on hand. Curious for feedback. Hereβs the draft:
Pre-Buy/Sell Investment Checklist:
1) Are you acting emotionally?
2) Are you buying into hype or selling into fear? If yes, do you have a clear reason for it?
contβ¦
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18 May 2022
7) Is there [growth of] demand for the asset?
8) Will general market volatility affect the assets attractiveness?
9) Have you objectively assessed arguments against the asset?
10) Have you created an exit/entry plan?
11) Is the asset a proxy of or leveraged play on another asset?
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18 May 2022
Thatβs the whole draft as of now.
Let me know if thereβs any other key checklist items you guys would include!
tax-educating cryptoman ππ¦ retweeted
18 May 2022
While many companies in tech & finance are freezing hiring or laying people off, tons of companies across the bitcoin and crypto industry are hiring like crazy.
Hundreds of open roles. Work in-person or remote.
Great pay. Great benefits.
APPLY: pompcryptojobs.com
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tax-educating cryptoman ππ¦ retweeted
17 May 2022
Contradiction between my desire for crypto to grow beyond finance and my realization that finance (incl payments SoV) is still by far the most successful category of crypto apps, *especially* among third-world residents, human rights activists and vulnerable people generally.
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tax-educating cryptoman ππ¦ retweeted
11 May 2022
$UST $LUNA Tax Implications π§΅. Comments & DMs open.
Possible scenarios:
1) Holding $UST $LUNA & #terra tokens in underwater positions
2) Sold $UST for losses
3) Sold $LUNA / #terra tokens for losses
4) Liquidated on leveraged positions
5) Lost entire net worth via above
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tax-educating cryptoman ππ¦ retweeted
16 May 2022
Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country.
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16 May 2022
I know it sounds scary but this is a good thing. Clarity via regulation only serves to draw more money into the crypto industry.
16 May 2022
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tax-educating cryptoman ππ¦ retweeted
16 May 2022
Ultimately it all depends when the FED pivots;
Maybe in a few months, or perhaps next year
Thats the real question now...
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tax-educating cryptoman ππ¦ retweeted
13 May 2022
After more research, I want to add clarity to the topic of liquidation tax issues:
When your collateral is liquidated, you do not report any ordinary income. The initial loan isn't income & you do not have ordinary income via debt cancellation. However you DO report a capital G/L
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15 May 2022
I hope this proposal is being seriously evaluated & considered by @terra_money & @LFG_org. Putting small community members first will go a long way towards redeeming the network. Cc: @Remi_Tetot @fleece_cannon @nickplatias @madcapslaugh @ZeMariaMacedo @KanavKariya @stablekwon
15 May 2022
The proposal on the official Terra Agora forum, authored by someone's name "Fatman"
This proposal is now likely the most realistic and most beneficial solution out there
Read the full proposal here π
agora.terra.money/t/proposalβ¦
$UST $LUNA #LUNAtics
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tax-educating cryptoman ππ¦ retweeted
13 May 2022
If youβve DMβd me tax Qβs re: $UST $LUNA #crypto, I am still slowly working thru them (about ~75 DMs left I think), but I will 100% respond to you.
In the mean time, I encourage taking a look at the original 𧡠I wrote β¬οΈ
Stay stay strong everyone π
x.com/LunaKnightUST/status/1β¦
11 May 2022
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tax-educating cryptoman ππ¦ retweeted
13 May 2022
#1 personal lesson from $LUNA $UST; a known risk pre-depeg & blatantly obvious in hindsight:
If an assetβs supply has any potential to be diluted due to market volatility, it isnβt a good investment. Period.
Some ppl were already sensitive to this & stayed away, many werenβt
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tax-educating cryptoman ππ¦ retweeted
14 May 2022
Whales 104-113 bought the 2018 bottom (within 2 weeks), the 2021 bottom (within 2 weeks), and they just bought #Bitcoin again todayβ¦
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tax-educating cryptoman ππ¦ retweeted
12 May 2022
When we get euphoric we forget to watch for vulnerabilities and broken designs. We faceplant, we come to our senses, and we build back better.
What you lost was money. What you kept was experience. Most of you have 50 or more laps left on this planet. That's a lot of time.
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tax-educating cryptoman ππ¦ retweeted
14 May 2022
Terra is dead but its code base (Station, Shuttle, wallet-provider, Mantlemint, Terrain, LocalTerra, CWScript, smart contracts and webapps...) will live on and be used by many other projects
this is why we open source
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14 May 2022
coulda woulda shoulda, shoulda coulda woulda, yada yada yada, itβll be okay.
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tax-educating cryptoman ππ¦ retweeted
12 May 2022
If you survived this and you're still in the game, then you've earned your stripes.
Engrain the lessons.
Legends plant seeds in the bear market and reap them in the bull cycles.
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