The Case for Cash vs Margin: Crypto Tax Edition
Let's pretend that you owe the IRS $10,000 USD in taxes. You can afford to pay this from your bank savings, but you also have $20k in Solana at current prices that has appreciated 100% since you bought it for $10k six months ago. You could sell half to pay taxes but then you’d owe another $2000 in taxes on the $5000 gain (assuming 40% tax rate). You are annoyed by this because your tax burden is already high this year. Plus, you want to hodl on your crypto investment anyway. The problem ...
The Case for Cash vs Margin: Crypto Tax Edition
Let's pretend that you owe the IRS $10,000 USD in taxes. You can afford to pay this from your bank savings, but you also have $20k in Solana at current prices that has appreciated 100% since you bought it for $10k six months ago. You could sell half to pay taxes but then you’d owe another $2000 in taxes on the $5000 gain (assuming 40% tax rate). You are annoyed by this because your tax burden is already high this year. Plus, you want to hodl on your crypto investment anyway. The problem ...
DeFi 101: All About Crypto
Let's talk about crypto tonight. The last three months have been a crash course for me as I've increasingly experimented in the DeFi space. I thought it might be useful to do a short primer on some of the many confusing concepts that baffled me on first contact here. I want to give a high-level overview on some of the weirder terms and concepts you'll see get thrown around: pools, farms, NFTs, staking, liquid defi, and margin trading. It's not as complicated as it looks at...
DeFi 101: All About Crypto
Let's talk about crypto tonight. The last three months have been a crash course for me as I've increasingly experimented in the DeFi space. I thought it might be useful to do a short primer on some of the many confusing concepts that baffled me on first contact here. I want to give a high-level overview on some of the weirder terms and concepts you'll see get thrown around: pools, farms, NFTs, staking, liquid defi, and margin trading. It's not as complicated as it looks at...
How Crypto Will Actually Change the World
Let's talk about DeFi and crypto this morning and specifically how and why this could change the world. I don't think I had really grasped the potential power of crypto until the last few days even though I've been dabbling with it for years. So what changed for me? Well, up until recently I viewed crypto as many people buying it as an investment vehicle do. I understood the concept of "the blockchain" broadly, got the gist of how it worked, but didn't really understand wh...
How Crypto Will Actually Change the World
Let's talk about DeFi and crypto this morning and specifically how and why this could change the world. I don't think I had really grasped the potential power of crypto until the last few days even though I've been dabbling with it for years. So what changed for me? Well, up until recently I viewed crypto as many people buying it as an investment vehicle do. I understood the concept of "the blockchain" broadly, got the gist of how it worked, but didn't really understand wh...
