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Most liked posts in thread: NFTs & WAGMI

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  1. Dennis

    Dennis Captain
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    I doubt it is 'income' which is being investigated since NFTs aren't really designed as income generators. But capital gains is easily triggered by an increase in the NFT's value and that's what is taxed when the NFTs are sold on. I suspect that is why HMRC are on the case. It's exactly the same situation with cryptos and many people who have 'invested' in cryptos in the past and sold them are simply unaware until the tax demand lands.
     
    #27 Dennis, Feb 15, 2022
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  2. Park bantam

    Park bantam Regular Starter
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    Imagine if they had taken control we would be more concerned about the performance of the crypto currency than the performance on the field
     
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    #31 Park bantam, Apr 26, 2022
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  3. NorthernMonkey

    NorthernMonkey Squad Player
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    As opposed to being more concerned about hot water in the toilets or whether we get a plastic card instead of a barcode with our season ticket?
     
    #32 NorthernMonkey, Apr 26, 2022
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  4. Offcomedun

    Offcomedun Important Player
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    Very true. But pumping any spare dosh into dubious online money-making schemes is surely a recipe for disaster.
     
    #43 Offcomedun, Sep 9, 2022
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  5. Dennis

    Dennis Captain
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    Pumping money into a so-called investment without understanding the nature of the investment and its potential risks really is a recipe for disaster. I have little if any sympathy for people who are foolish enough to do this.
     
    #45 Dennis, Sep 9, 2022
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  6. Dennis

    Dennis Captain
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    I don't believe crypto to be a scam or some kind of Ponzi scheme but it does attract some who see it as a way to make a quick buck without understanding the risks. Crypto started life as a digital currency which is fundamentally limited in its supply and isn't controlled by nation states. It's a very pure economy commodity. The more people who use it, the greater the demand and thus it increases in price, dramatically so in the not too distant past. It came to be viewed as a sold investment whose price would continue to rise indefinitely! Of course, if demand for its use declines or confidence in it as a currency falls, it's price goes down as has been experienced recently.

    Too many people bought into it (literally) as a foolproof investment without understanding the possible (and inevitable at some point) downsides. And now they've been burned by their own foolishness
     
    #47 Dennis, Sep 9, 2022
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  7. ModernBantam

    ModernBantam Fringe Player

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    They teamed up with PUNKS Comics and 'Gmoney' for the NFT launch, PUNKS Comics is a Pixel Vault project. Preston Johnson (the face of WAGMI United) is Co-Creator of both PUNKS Comics and Pixel Vault.

    'Gmoney' is a famous NFT collector who spoke as one of the backers behind WAGMI United on the Twitter space talk they did with fans. 'GFunk.Eth' who is Pixel Vault's CEO was also in the talk and tweeted this:



    Not trying to be rude by correcting you but just wanted to show that 2/3 contributors to the Adidas NFT launch were members of WAGMI United.

    I'd also like to take this time to relay the news Pixel Vault just received $100 Million (real money) to launch a multi-platform NFT Marketplace....so much for magic beans

    Pixel Vault Receives $100M Investment After Generating 100k in Ethereum (yahoo.com)
     
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    #8 ModernBantam, Feb 10, 2022
  8. Rocket

    Rocket Regular Starter
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    "Got Money in my Pocket"

    Yeah man ✊
     
    #16 Rocket, Feb 11, 2022
  9. Rogered Tart

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    Said like a true maths teacher
     
    #20 Rogered Tart, Feb 11, 2022
  10. Park bantam

    Park bantam Regular Starter
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    Should be banished to bad memories
     
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    #22 Park bantam, Feb 11, 2022
  11. trevor

    trevor Squad Player
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    Taxman after them now.
     
    #23 trevor, Feb 15, 2022
  12. Storck

    Storck Regular Starter

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    WAGMI or confiscating NFTs
     
    #24 Storck, Feb 15, 2022
  13. Storck

    Storck Regular Starter

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    Are they defining them as assets or investments?
     
    #26 Storck, Feb 15, 2022
  14. bryan groom

    bryan groom Fringe Player

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    Thanks for the insight Jon, I am suitably (i.e.) only slightly chastened. I am more than happy to be enlightened. Any comments on the FSB report this morning at https://www.fsb.org/2022/02/assessment-of-risks-to-financial-stability-from-crypto-assets/. Theirs is a more sober assessment than mine which was intended as polemic, but a brief read does indicate cause for concern. But hey, what do I know?
     
    #28 bryan groom, Feb 17, 2022
  15. JonButterfield

    JonButterfield Star Player
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    They want to regulate the market, so expect tons of scare stories to come out.

    There's some horrendous practice in the crypto/Nft world, no kidding, and entering it isn't something that should be done as simply as opening a bank account; but there will be tons of propaganda about it in the next few years minimum.
     
    #29 JonButterfield, Feb 17, 2022
  16. Storck

    Storck Regular Starter

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    #30 Storck, Apr 26, 2022
  17. Bronco

    Bronco Star Player
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    Fans having a difference of opinions kept the forum fresh it realy wouldn't be the same if we all agreed, I'm sure many wil be keeping a close eye on the Crawley situation and how they perform going forward with their new owners.
     
    #33 Bronco, May 4, 2022
  18. Fuzzy

    Fuzzy Impact Sub

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    #34 Fuzzy, May 4, 2022
  19. bantamlad92

    bantamlad92 Squad Player
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    Before anyone jumps the gun on yet more media sensationalism, let's analyse a few quotes from the article, which suggests it was nothing more than dressing room banter (rightly or wrongly) from John's perspective, though you can understand if some players didn't feel comfortable around this type of rhetoric.

    "Some of them [the players] would play along"

    "A member of staff at Crawley, speaking to Sportsmail: ‘John would see it as banter'"

    "The manager remains popular with fans, who chanted ‘We want our Yems back’ during Saturday’s 2-0 home defeat by Leyton Orient"
     
    #36 bantamlad92, May 5, 2022
  20. Tony Wilkinson

    Tony Wilkinson Squad Player
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    Stop hovering to collapse... Click to collapse... Hover to expand... Click to expand...
    #37 Tony Wilkinson, May 12, 2022
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