Odell Beckham Jr. Loses Most Of His Salary Due To Bitcoin Dip

[Sccit]

LETS UP THIS THREAD A YEAR FROM NOW WHEN BTC IS 100K

 

[Bryan Danielson]

Gotdamn @Conscious Pilot

 

[Originalman]

One more thing even if you don't believe in crypto or bitcoin. At the very least you should participate in the Defi game with stable coins like USDC.

Getting 9% just leaving the money on the exchange like Voyager. Better than that bull shyt .001% from the bank.

 

[Blessings]

Uninformed + Wrong + Hating....1 Star

 

[Kings County]

if he got paid in bitcoin he doesnt pay any taxes on it
if he sold he does
but then again if bitcoin goes to 100k a year from now we'll be having the same convo in reverse

 

[BigMoneyGrip]

So no one going to mention Spencer Dwindde and his Bitcoin salary deal he had with the nets before he was traded?


I’m sure Odell will get resigned by the Rams and that new deal ain’t going to be in Bitcoin

 

[Wargames]

This don’t add up. Plus Bitcoin is a investment that goes up and down. Isn’t this based on IF he cashed out today?

Yeah but even then if he had taken cash he could have bought more bitcoin after the dip.

 

[Kings County]

So no one going to mention Spencer Dwindde and his Bitcoin salary deal he had with the nets before he was traded?


I’m sure Odell will get resigned by the Rams and that new deal ain’t going to be in Bitcoin

dont think he wants to go back to rams, think he'll go somewhere else lol

 

[iBrowse]

While we are on the discussion of trending financial waves---how do you all feel about this NFT wave?

I’ve heard more about NFT rugging than anything else lately.

 

[Wargames]

if he got paid in bitcoin he doesnt pay any taxes on it
if he sold he does
but then again if bitcoin goes to 100k a year from now we'll be having the same convo in reverse

I don’t think it works like that. This isn’t a financial tool like a Roth IRA where you can defer taxes. The income was money converted into bitcoin. If you could just be paid in bitcoin and defer taxes, bitcoin would be worth a lot more.

It would literally subvert the economy.

 

[Kings County]

I don’t think it works like that. This isn’t a financial tool like a Roth IRA where you can defer taxes. The income was money converted into bitcoin. If you could just be paid in bitcoin and defer taxes, bitcoin would be worth a lot more.

It would literally subvert the economy.

maybe u right actually
didnt think about it like that

 

[GatorStaceyAdams]

"ItS NoT a LosS UnLesS you SeLl!"

I"ve worked in investments my entire life, and never heard this idiotic phrase used until the Crypto and WSB bro's gained an audience.

My takes:

• Its incredibly foolish to accept your salary in any form of speculative investment. And although CEO's are mostly paid off of stock options, at least they have some semblance of control on their performance.
• Just because something has ostensibly 'dipped' does not mean that it cannot fall even further. In other words, there is nothing preventing Bitcoin from falling to $10k. In which case selling at $35k would appear awfully prudent.

 

[Master Teacher]

"ItS NoT a LosS UnLesS you SeLl!"

I"ve worked in investments my entire life, and never heard this idiotic phrase used until the Crypto and WSB bro's gained an audience.

My takes:

• Its incredibly foolish to accept your salary in any form of speculative investment. And although CEO's are mostly paid off of stock options, at least they have some semblance of control on their performance.
• Just because something has ostensibly 'dipped' does not mean that it cannot fall even further. In other words, there is nothing preventing Bitcoin from falling to $10k. In which case selling at $35k would appear awfully prudent.

When you talking about stocks its true, you never lose any money unless the stock falls to zero, you can always just hold and average down and make your money back when it goes back up

The problem is these idiots think Bitcoin is an actual currency that will replace the dollar that's why they get there salary in bitcoin

nobody asks for their salary to paid in any stocks, most employees get stocks as bonuses

like the CEO of AMC, people think he's sold his stock because its going down and he wants to get out, but they don't realize he got all his stocks for free when he was hired as the CEO, and once he met a certain quota he's allowed to cash out the stocks, so if you have millions of dollars in stocks why wouldn't you cash them out

 

[Easy-E]

@ them taxing on the 750 instead of the actual value. Taxes are a scam, but that's the government sticking it to crypto. at the same time, signing for crypto during a bull run was not a smart move.

Your issue is the tax system, not the taxes on crypto.

Same thing would happen if the same amount of money was stolen.

Crypto just isn't as stable as people would like to make it.

 

[keond]

Its incredibly foolish to accept your salary in any form of speculative investment. And although CEO's are mostly paid off of stock options, at least they have some semblance of control on their performance.

His "salary" is a small fraction of his income. He basically got paid 750k for a few games after leaving the Browns.

His major money, ie bonuses, performance incentives, salaries from the Browns/Giants and sponsorships dwarf the money he got from the Rams. You can't compare the type of bread OBJ is getting to even 95% of CEO's. He basically took some chump change (to him) and invested it with the hopes that it might make some bigger money down the line.