myshteri
@myshteri
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curioser and curioser | HFT @ Capital Sea
Joined March 2021
Hyperliquid Is Sticky. Many attempts have been made to build decentralized perps. But centralized exchanges still dominate the market. Does @HyperliquidX have a chance to take market share?. Our research shows that, even without incentives, Hyperliquid is sticky
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found a new low for how poorly the pump ico was handled by cexes. we spread our funds across many venues, so we saw the good bad and ugly, but @kucoincom takes the cake. they happily accepted our humble $500K subscription, showed us that we were subscribed, and disabled
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looks like the cardinals found a way out of their financial troubles
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I've tried to dumb down my trading over time but I've only succeeded in getting personally dumber.
I've tried to dumb down my writing over time but I've only succeeded in getting personally dumber.
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Turns out this was fud lol.
$TRUMP will trade above $25, and soon. the same way that tech CEOs trampled over each other to donate to the inauguration fund, CEXs will fall over themselves to list. Will it be rh, cb, or nance first? clock is ticking. and only 20% circulating.
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$TRUMP will trade above $25, and soon. the same way that tech CEOs trampled over each other to donate to the inauguration fund, CEXs will fall over themselves to list. Will it be rh, cb, or nance first? clock is ticking. and only 20% circulating.
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The fly in the ointment is that earnest belief in the future of this technology has mostly evaporated. It is hard to blow a bubble when everyone is constantly looking for the exits, with or without policy tailwinds. This explains the merciless rotations, VC underperformance,.
bull thesis for the upcoming years is simple:. crypto has had incredible gains the last decade despite political headwinds. but we’ve never had a cycle with US policy makers eager to support it… until now.
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that being said i spiritually support anyone in trying to pay as little tax as possible. to do so, declare it at 0 and never, ever sell your hype. when you pass it on to your children, the basis will be stepped up, and the government gets nothing.
@NiftyBlinders Yea I think his post is wrong. There was no liquidity when the airdrop was sent, no price, therefore it's $0 cost basis. If you sell in short term caps, you pay the same. Assume 37% rate, and 10k hl airdrop, assume sell at $25. $0 cost basis:.You owe 37% on $250k ($92.5k).
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@nyoungdumb the argument that it was airdropped at .00001 seems specious. the team cant just assert the entry price and have that mean anything concrete for tax authorities. they likely only did for the UI so that pnl% and pnl both make sense (not ∞% and always >0).
It was airdropped at $0.000001 before liquidity was added. It was an absolutely brilliant decision by Jeff. Y'all really be doing the most to try to pay more taxes. Assuming you sell within short term cap gains, the outcome is the same. you're either selling from $0 cost basis.
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i'm not an expert here, though the experts i did consult suggested this is a bad idea. nevertheless there are a lot of opinions out there so it's worth noting that @nyoungdumb differs with the advice i got on this:
@myshteri If the airdrop occured prior to liquidity provisioning and prior to any trades, it wouldnt be unreasonable to say that the FMV of the asset at the time of the receipt was in fact $0.
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On Hyperliquid Airdrop Taxes. TL;DR HYPE was priced at $2 at the time of the airdrop and should be declared at that value for tax purposes in most jurisdictions. I've seen a lot of conflicting claims on the TL about the tax implications of the HYPE airdrop.Hopefully this thread
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RT @Aileen980915: hyperliquid kinda disruptive innovation of exchanges .- high education costs .- high retention and consumer loyalty .- hi….
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RT @ThinkingUSD: The @HyperliquidX has done over $8 Billion in volume in the past 24 hours and made over $2,000,000 in fees.
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