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1 year ago…and this topic relates to the post how exactly?
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Joined 1 year ago
Cake day: November 1st, 2023
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…and this topic relates to the post how exactly?
You can transfer your ETH RNDR to SOL here:
It is a good feeling. Especially for those of us that have been averaging down the last couple years 😅
Firstly, I just happened to see a notification from YouTube (Paul Barron’s channel) mentioning something about Robinhood reinstating SOL and other coins. So you might be able to just transfer your SOL there soon (instead of trading it for USDC or other tokens).
Secondly, yes, you will need to report your staking rewards. There are a lot of different crypto tax apps to help you figure that out.
Thirdly, do you need some tax loss harvesting from profits elsewhere? Not sure why you’re taking the loss? If you wait long enough, you’ll be back in profit. 🤷♂️
Completely Agree. Wish I sold my ETH and converted my #1/#2/#3 (BTC/ETH/SOL) to #1/#2 (BTC/SOL). It seems all but certain that there’s another MUCH more user friendly chain that will steal Market Capitalization.
I’m sure ETH will do well this cycle (especially if the ETF pushes through), but the fees (and ‘clunkiness’) prevent me from wanting to do anything with it (besides sell). Wait, have I mentioned the fees?! 😕