Another reason to HOLD to the moon. No taxes.
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You are not avoiding IRS either way. All income is reportable. They just help save some manpower and paperwork by allowing companies to not send you 1099 for small income. This does not absolve you from owing taxes on that amount; only now you would need to calculate and report them yourself. So it’s actually more work for you. I suggest earning more than $600 to get that paper.
Running node year over year pushes you into self employment/business category and it needs to be reported as such. This is a good thing, as you can deduct some of the allocated costs, circumstance dependent. But I’m not your accountant so take this last paragraph with a boulder of salt ![]()
And why is that? Please be more specific.
We see actually services like payouts.com or thunes.com offering exactly that.
As the price drops, so does the %age risk, this should be obvious, the recent 5…10% drop while meaningful is to be expected. The market maker manipulation on crypto is always astounding, ffs the entire float of STORJ will entirely change hands in just days, as with many other S$#t coins. Also, don’t forget they are still rolling through payouts, for days yet, if you’ve noted how they accomplish that, you may have figured out an advantage. STORJ price: It’s nothing more than a realization of market cap/outstanding tokens vs. demand. One can contemplate a floor to STORJ’s value, and so can the market. The greatest profitable component of this company was ~20% paid for by this token, someone still owns that chunk, or not?! - heh ; what the specific performance metrics/value clauses were, etc. who knows - take it at face value. The remaining tokens on the balance sheet are a significant mark to market event for their fiscal year end; a major capital loss. However in previous years, often a major capital gain. Inv. owners have deep pockets, and I’m sure they don’t care, what they’re focused on is cash flow, the loss may be a assumed/planned side benefit for them. That cash flow does not come from storage, as it’s subordinate and tied to the primary divisions’ far greater revenue and profitability. If the real demand side of this company’s revenue were tied to STORJ, and not just the storage, it would likely have increase said value. So at what price does this stabilize from demand, as they obviously not integrating the coin for their primary business. Could you buy all the coins YOURSELF and corner the market for your storage needs? At some point, someone/company could and probably and will, it’s math and certainty that’s needed. The market is exposing this continued failure, as it’s meant to reflect value. The market is never wrong, it is everything - it is omnipotent.
And yeah stable coins, are their own massive regulatory headache; omg the ignorance.
So have fun with those thoughts peeps. ![]()
2 cents,
Julio