Lemme try again.

https://www.reddit.com/r/CryptoCurre...eb2x&context=3

That one works

Hey guys, i'm trying to wrap my head around impermanent loss in regards to liquidity pools.

It's just a theoretical loss right? so it's like opportunity cost?

Is that correct?

Yeah, but it can also be a loss loss


https://academy.binance.com/en/artic...loss-explained

Great explanation thanks.

Based on this, it would depend on how volatile the crypto is. Isn't all crypto volatile though?

I guess people who provide liquidity are in it for the rewards, which they are hoping to offset the IL.

Truecad is a stable coin pegged to the Canadian dollar and Crypto.com is offering 10% interest on all stable coins. Anyone thought of getting a loan/line of credit and staking it?

The fact that the father company is called trusttoken
And the coin is called a stable coin

Is like 2 red flags right off the bat, might as well buy safemoon because it's safe and going to the moon

But I wish you luck

The coin is not called stable coin it is a stable coin like usdg. Stable coins are pegged to a currency like Canadian or US dollar. The price of the coin never goes up or down.

the boys getting into the petaverse?

dogami.com


the more I try and allocate a portion of my portfolio towards crypto the more I don't know where to start lol

These wojak videos keep getting better and better

This nft one is one of the best

If you are just getting into it stick with the main ones like bitcoin and eth.

https://bitcoinmagazine.com/business...or-879-million

Damn

O.K. Betting is locked.

Lets see who wins next year.

Bacons still gotta change his bet tho cuz it's the same as CRS's

I don't know if you guys still talk about NFTs, (either way it's definitely no longer the bitcoin thread) but I saw this tweet and thought it was pretty funny

i need a decent coin shill from you guys..

Current holdings(in no particular order):
Eth
ada
sol
cro
zil
matic
avax
time
klima

any other adds you guys recommend and a short reason why?

^ FTM when it’s below $3… mostly cuz some people I know in the promotion/marketing side of things hobknob with the one of the creators and he’s been making big splashes in the middle east sponsoring F1 cars and stuff… it’s all about the promotion not the substance amiright??

LUNA for no other reason than a lot of guys in the NSX community keep talking about and we’re investing in it when it eas like $60 and now it’s $100+… I figure they must know what they’re doing if they’re all driving $150k+ cars lol

ADA supposed to make a big final push in the next little bit too.

Edit: Don’t blame me for following anything I say I have almost no idea what I’m doing lol

LIT

Been holding since beginning of December and been air dropped 2 free NFTs, both selling for over 1E now. They're doing another drop Jan 4th, but new holders must have 2 million LIT in their account. It's been pumping quite a bit this past month, so as always, do your own research.

Hey @68style, since you're the only one who put a market capitalization guess, I guess you'd be the default winner. Send me your ADA address, i'll send you $50 worth of ADA


On another note, does anyone know how to document this crypto transaction?
I have $1,000 CAD.
I want to deposit it into Crypto.com as USDC and earn 10% APY with their "Earn" function.
Once I deposit $1,000 CAD, I'll have to convert that to USDC (should be about $780 USDC), then I'll have to deposit it in crypto.com "Earn", after one year the $780 USDC should give me $78 USDC @10% APY.
I'll have to convert it back to CAD and then withdraw it

How do I claim that on my taxes?

Can I just record the $1,000 CAD initial deposit and then minus whatever the final withdraw amount is, let's say the final withdraw amount is $1,100 CAD. Do I just claim the $100 as income? Can I claim any conversion fee's etc?

I'm not really sure how to do it.

Buy and stake trueCAD instead. It's a Canadian stable coin. Then you don't have to worry about exchange rates.

https://blog.trusttoken.com/truecad-69f751e23eeb

Wonderfi a company backed by Mr.Wonderful A.K.A Kevin O’Leary is buying Canadian crypto exchange Bitbuy for 208 million.

https://www.bnnbloomberg.ca/kevin-o-...tbuy-1.1703086

Just got my Ruby all metal cryto.com VISA. It fells/looks so nice. it weighs 17 grams my TD card weighs 6 grams.

I will take a look at this. Thanks a bunch. This might solve my problem.

Have you used either TrustToken or Wonderfi Manic!?

I don't see an option to stake/pool/yield the TrueCAD stable coin, any ideas?

You can stake trucad on crypto.com for 10% the wonderfi story was just something interesting I saw.