HyperIndian

The 4 year BTC cycle is looking to revert back to a deep winter once again.

Traditionally, I'd look to sell down most of my holding ahead of the holiday season. Then start buying again when things are cheap again.

But what changed significantly is the covid-fuelled recession we had.

First the deep red share market in March 2020. Some of us bought shares for cheap and made good profits. Some of us even kept buying crypto throughout the end of 2020 when BTC and ETH were creeping back up.

Only for January - February 2021 to be an insane time in the crypto market. NFTs were dominating the headlines with artists making bank with their crypto gains.

The GameStop fiasco also got more peopl

We get it, making money is pretty hard. It's tiring, the elite 1% control how the world works and everyone is desperately trying to get their slice of the pie.

But here's the problem. A lot of people are short sighted. We see in the media about millionaires, billionaires and how companies are now valued at trillions.

It's stupid to even be jealous of them. Why? Because look at most billionaires. All of them have mostly everything they want, all of them donate to a number of start ups and charities, all of them can do anything they want.

Money is relative. What's expensive to you make me less expensive to another. $2M might be rich to you but to another, it's $50M.

The fact all of us a

It was surreal even in my dream, a shitcoin I bought months before as a joke was now worth over $500,000.

Waking up to social media blowing up about the shitcoin I bought being pumped so high and my friends texting me asking if I still held it.

It's crazy to login into your account and see the fiat value of your shitcoin you spent a mere $100 went up 5000x. So obviously, the first thing I did is solidify the gain by selling.

And after a few days of waiting for the withdrawal, I had $500,000 of fiat in my regular bank account. However, this sub taught me many things so the first thing I did was see a tax accountant. The country I live in does tax crypto gains so we set aside some of the

Both my mum and dad regularly argue and most of the time, it's about finance and crypto. As a child of crypto investors, this confuses me.

My dad is the primary income maker in the household and my mum basically likes to look pretty.

My mum has expensive taste and likes wearing the very best brands to look amazing. Honestly, she dresses really well. It's no wonder the other mums are always commenting on her appearance.

My dad however tends to be a shitcoin investor. He regularly tells me his strategy of "buying high and selling low". Mum isn't impressed about this. And thus leads to their arguments all the time.

Anyway, as a young kid interested in crypto and have dabbled here and t

After this pandemic blows away, I'm sure airlines will be busy again with people desperate to travel, holiday or backpack. And that's wonderful for the global economy.

But imagine if you will, an airline that's fully backed by crypto.

The owners are balls deep in crypto, the staff get paid in crypto, the flight bookings are made only via crypto, the amenities are only possible with crypto, the airline fully transacts in crypto. Even for air fuel to be paid, airport tax and other expenses they have, etc are all made via crypto. Donations to charities the airline supports are made via crypto. Any sponsorships or advertisements on the plane are also from known crypto organisations like cryp

For those of us that have made some gains, I think it's important to give back to the community. Many of us may have started out poor but have come into money. That's great if that's you. Others may be middle class but still have it better than people from other countries with a lot less. Even if you feel "poor", you might be "rich" to somebody else.

So, what are some charities we all should know more about so we can donate to them?

The charities can be about any cause: hunger, inequality, domestic violence, climate change, social change, corruption, pollution, homelessness, etc, absolutely anything. Try to explain why your selected charity is great at what they do.

Bonus points if the

We often see people saying that got into crypto for the money. And others will be say they did it because the projects were interesting. But we almost never hear what people did after making a lot of money. Well, other than the "I sold to buy a house" posts haha.

Whales, crypto punks and trolls, what advice do you have for all if and when we get rich from crypto?

My concern would be capital gains tax for those of us that live in the West (which typically have CGT) as well as being quiet about it and not telling everyone you're rich.

Edit: This post blew up. Thanks for the karma

Hi All,

I fully believe in the Ethereum network and have been DCAing Ether for around 8 months now.

However, I've never got into Eth staking although I'd like to. I've done CAKE staking on BSC though.

Could anyone in Australia (where I'm based) give me a run down on the taxation side of it?

My understanding of it from the ATO's website is that stake rewards need to be included in your assessable income. The problem here is tracking this as it would increase every couple of minutes (I think 6?).

It's not as simple as savings interest which is part of your assesable income. Staked ETH is rewarded very regularly and even before you claim it. Further, there's also a CGT event when you de

You've stuck to your system, made decent returns and are proud. You made this happen for yourself or just plain dumb luck. What's the plan now with your gainz? Keep going? Do you have a target? Let's hear them