Quote:
Originally Posted by huncho
yeah a big chunk of people paying for the super hyped watches like 5711s/jumbo or gold ROs/etc were people from crypto. when you wake up with free 6 figures from an overnight airdrop multiple times a year for doing nothing money becomes no object
if you owned ONE bored ape last year i believe you got around $600-800k worth of free crypto through airdrops just from 2021
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But wait until the tax man comes calling. Almost no one I know who actually realized gains from crypto before the crash (which is nowhere near done) set $ aside for taxes. And, those that even thought about it said that they would just sell more crypto at tax time to pay the tax. At this point, they'll be selling to harvest losses to offset the gains. (Or maybe they'll hold onto the crypto & sell their watches!)