,,This brought me up to 13000 HP total, and one step closer to that orca status''
Your power level is very impressive. Congrats on getting closer to your new legendary form.
Can you please remind me what level is dolphin and what level is orca?
Powering up right now seems very tempting. What scares me the most is that I still don't understand how taxes and crypto mix together. For example if I buy x amount of hive right now in 5-10 years I will hopefully have much bigger amount of hive. So if I will decide to sell it how am I supposed to prove that I got that hive legally?
Thanks @fieryfootprints that clip is awesome. I love the bit where he says... "His power level is over 8000. No way, that can't be right." 😂
Believe 😂
I have absolutely no idea to be honest. I suspect that basically once you cash out to fiat you have to pay similar tax as you would on profits from any investment. But I don't know this to be fact. In regards to proving that you earned the hive through posting etc... well that can be shown by querying the blockchain. the stats can be pulled to show that quite easily for those who know how.
As far as I know the levels are thus in HP:
Dolphin:5,000
Orca: 50,000
Whale: 500,000
Posted Using LeoFinance Beta
Thank you very much.
I just saw this post from @nickyhavey that goes into crypto taxes @fieryfootprints. Might be worth a read - https://peakd.com/hive-167922/@nickyhavey/koinly-handy-tool-to-calculate-crypto-taxes
Thanks for spreading the word mate!
You're welcome. It was a great post and info for a crypto resource that I think many are going to have to think about over the next 6-18 months. Especially if BTC keeps shooting those massive green candles up everyone's noses 🤣
Get ready for the incoming lambo memes... personally I'll make do with a BTC Skoda baby! WHEN MOON... and other associated nonsense.
Haha yeah man, those green candles are insane! Give me a Corsa mate, that's where I'm at 🤣
thanks again.