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re: OFFICIAL NFT Thread - FAQ and Drop Information
Posted on 3/26/22 at 1:11 pm to LordSaintly
Posted on 3/26/22 at 1:11 pm to LordSaintly
First mint in a while. Should be a good one
1
Posted on 3/26/22 at 2:17 pm to OneMoreTime
Is that Zaysan Raptors? The WL token floor is 27 SOL 
Posted on 3/26/22 at 2:43 pm to LordSaintly
Yeah. I minted from mobile so I didn’t check to see what the WL token was going for. Probably would have sold it if I had seen it was going that high 
Posted on 3/27/22 at 1:26 pm to OneMoreTime
Solport acquired solsteads and they shot up to 40. Fml
Posted on 3/29/22 at 12:03 pm to OneMoreTime
[link=(Opensea adding Sol in April. GG)]https://twitter.com/opensea/status/1508851483449585670?s=21&t=-vZyed81AOuegdenKlZHzA[/link]
Posted on 3/29/22 at 12:52 pm to OneMoreTime
RIP MagicEden and Solanart
Posted on 3/30/22 at 1:24 pm to LordSaintly
sentiment is a little more positive in nfts this week. please send it again
Posted on 4/4/22 at 10:19 pm to down time
It appears that the sol/eth whales have found Terra nfts. Last two days, they have been sweeping floors. The top 4 blue chips floor has increased 25% or more in some cases. Doesn't appear to be slowing down.
That has been the challenge all over this time, limited holders.
Worth looking into galactic punks, hell cats, luna bulls, skeleton punks, levana
That has been the challenge all over this time, limited holders.
Worth looking into galactic punks, hell cats, luna bulls, skeleton punks, levana
Posted on 4/12/22 at 4:25 am to TigerTatorTots
DeGods were chillin on the front page of magic eden for months at way less than 10 sol...and I didn't give a single frick. Can't win em all I suppose. Sad.
Posted on 4/14/22 at 9:12 am to Intelligent
I'm in need of some opinions. I received a free NFT called EVmavericks. It was given to me for being a frequent contributor to r/ethfinance. In all honesty, I don't really know much about the NFT market. I don't have anything against them, it's just that it's not my thing.
Floor price seems to be around 0.4-0.5 ETH. I'm thinking of just selling now for around there and considering it a win before the price goes to zero, but since I don't know much about how the NFT world operates, I don't know if it will gain or lose value. Do y'all have any input on this? It seems to me that it's a pretty niche NFT and will be basically worthless in a few days when the hype dies down, but I've been wrong many times before.
Floor price seems to be around 0.4-0.5 ETH. I'm thinking of just selling now for around there and considering it a win before the price goes to zero, but since I don't know much about how the NFT world operates, I don't know if it will gain or lose value. Do y'all have any input on this? It seems to me that it's a pretty niche NFT and will be basically worthless in a few days when the hype dies down, but I've been wrong many times before.
Posted on 4/14/22 at 10:56 am to BottomlandBrew
only 5 eth vol traded and not many sales a day. No socials. I'd flip. Unless you have some inside info.
This post was edited on 4/14/22 at 10:57 am
Posted on 4/15/22 at 7:58 am to down time
Well, I got a little something for it. Free ETH is always nice. Next question. Since it was a free other than the minting gas, how do I handle taxes on it? Am I only taxed when I sell/exchange the ETH I received for the NFT and use $0 as the cost basis, or am I taxed on it now for the sale from NFT->ETH and then again later for ETH->USD?
Posted on 4/15/22 at 3:59 pm to BottomlandBrew
Bought a Magnum AI for 0.6 SOL and just sold it for 6.1. 
Posted on 4/15/22 at 8:15 pm to BottomlandBrew
nft tax is a mess. many panic AFTER converting back to web2 money then get a cpa who knows coins.
some tornado cash it and keep the crypto.
some tornado cash it and keep the crypto.
Posted on 4/16/22 at 9:17 pm to Intelligent
A DAO I'm in nabbed 3 Moonbirds today. Pretty pumped
Posted on 4/17/22 at 12:57 pm to down time
quote:I’ve found that the nft part isnt too bad. It’s the swap sites and liquidity pools that get super confusing.
nft tax is a mess. many panic AFTER converting back to web2 money then get a cpa who knows coins.
some tornado cash it and keep the crypto.
It is time consuming though. Probably gonna pay someone to do it next year
This post was edited on 4/17/22 at 12:59 pm
Posted on 4/17/22 at 2:54 pm to MrSpock
We all could have entered raffle for a chance at the moonbirds. A nice 40 grand win for many. Volume is insane..almost 60,000 eth
Posted on 4/18/22 at 11:19 am to BottomlandBrew
quote:
Well, I got a little something for it. Free ETH is always nice. Next question. Since it was a free other than the minting gas, how do I handle taxes on it? Am I only taxed when I sell/exchange the ETH I received for the NFT and use $0 as the cost basis, or am I taxed on it now for the sale from NFT->ETH and then again later for ETH->USD?
Unfortunately, you get hit twice. The airdrop itself is taxed as income for the fair market value of ETH that day.
If you sell your ETH later, you're taxed at capital gains or losses, depending on whether ETH's value increased or decreased since the airdrop.
Also, the floor on EVMavericks 3X'ed since your post. Did you sell yet?
Edit: Actually since you were airdropped the ETH, you wouldn't have any losses to report, only gains.
This post was edited on 4/18/22 at 8:44 pm
Posted on 4/18/22 at 11:20 am to OneMoreTime
quote:
I’ve found that the nft part isnt too bad
Solana NFTs are a pain. I had to fix all the transactions manually.
Posted on 4/18/22 at 11:47 am to LordSaintly
quote:
Also, the floor on EVMavericks 3X'ed since your post. Did you sell yet?
Yes, of course I sold because I'm an idiot and that's how my luck goes. Sucks, but whatever. I've made dumber mistakes in life. At least this mistake still netted me money unlike other mistakes I've made. I honestly couldn't perceive a price higher than I sold for. I know there are some big names in the r/ethfinance community, but I didn't think it would have much value outside of that niche community. I'm just going to ignore any future value of these things and carry on in ignorant bliss.:lol Thanks for the tax input. That's what I thought. Koinly wasn't calculating things for me correctly, so I went in an modified it.
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