This applies to most art honestly
Art and fashion are their own fabricated economies
1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:
- Thread starter JordanWearinThe45
- Start date
Art and fashion are their own fabricated economies
BaileyPark31
Love, Peace, Health, and Wealth
heisenburrr
Have Fun Staying Poor
at least physical art is reliably scarce
This is a narrow minded way of thinking.
This isn't even about a "coin to jump on". What's intriguing is the smart contract element and what it means for copyrighting digital content. This has huge potential, and it's something that could be disruptive in creative industries and for collectors.
The music industry is a prime example. If an artist were to bypass the traditional streaming sites, and go the NFT route it could potentially be vastly more profitable than any other distribution method. What I'm saying isn't prime and ready right now today, but looking forward, this isn't some bullshyt concept or idea like you're suggesting.
Content is king online, if a site/platform emerges that integrates what's going on with NFTs in a way that makes sense for content creators and artists to adopt, it would be disruptive.
Why post your content on Facebook, IG, Twitter or whatever else for attention and likes, when you could post it on a site that compensates you in a way that no other platform is currently doing? This isn't some overnight switch, of course, but it's interesting and something worth paying attention to IMO.
Why post your content on Facebook, IG, Twitter or whatever else for attention and likes, when you could post it on a site that compensates you in a way that no other platform is currently doing? This isn't some overnight switch, of course, but it's interesting and something worth paying attention to IMO.
I'm still surprised that art took off before the gaming aspect. Enjin had some genius ideas but no one has been able to implement them into mainstream games. Get some NFT's in games like Fortnite and Call of Duty and millions will flow in.
calixprynce
...
Mannnn nikkas is wildn
man I’m a project nikka with no assets or job
ain’t nobody scared of them. I grew up watching IRS get defrauded by everybody in the hood . They know where to find me if they want to
Just submitted mine. Most of my coins are offline and I had plenty of losses as well as forex losses to write off, and in stocks most of my gains were in tax free retirement accounts. Should hopefully get about 1k back. Did it all thru turbotax and even tho it was a pain at times, especially with one of my stock brokers, M1 finance, I was able to get thru it. If I owe them, they'll send me a bill. If they owe me, they'll send me a check. The IRS gets the same paperwork I do so I'm done tryna mess with this website and tryna get the forms uploaded to work. I'll let them figure shyt out.So uh.... any of y’all Brehs did y’all taxes yet?
High quality poster
Veteran
Yea imma speak to my tax guy. I’m not trying to get fukked over by no old motherfukker that don’t know what he doing tho .
How is crypto taxed? Is it like stock when you take gains before holding for 6 months?
Do you only get taxed after you take profits when converting it to USD?
Do you only get taxed after you take profits when converting it to USD?
the bossman
Superstar
BTC maxis are narrow-minded like that. If it didn't happen on Bitcoin then it's automatically hype and a bubble
You can easily see how once some notable musicians or artists start tapping into this it will blow
Any selling or converting to another coin is taxed. Stock is less than a year for short term and more than a year for long term. Crypto should be the same. Coinbase has something that you can pay to get your transaction report. Think it's like 100 bucks. Coins you transfer to a offline wallet aren't taxed. Places like uniswap might be taxed but I didn't mess with that section. Figure I'd do it whenever I transfer back to coinbase since they didn't tell me shyt. Looks like everything is still fairly new when it comes to crypto and taxes so hopefully overtime they give us more clearer instructions on the process.