RE: Sydney Rock Orchid

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Sydney Rock Orchid

in dendrobium •  5 years ago 

Hi mate, yes i am still around, but not active at the moment , too much to do everywhere else. To answer your questions, i did not transfer my STEEM to BTC because this would realise a loss in my accounts, which is not healthy. Yes, i would have doubled my money if i had bought BTC at the right time, but this is still only a paper gain until i sell them. Better to sit on STEEM until the rise to the price i bought for, about 3 times what they are now. As far as delegating STEEM or loaning them, i would have to declare this as income in my tax return, which is a pain in the butt with the paperwork involved, the accountants fees for working out my income from it, and the extra tax i would have to pay for doing it . Maybe your tax laws are less complicated where you are, so maybe its an option for you. Hope you are keeping well anyway.

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I think you can earn 200 Steem by curation rewards. You can log in SteemAuto and follow me as a curation trail. You can earn passive income.

Wow! This is great! You are very busy and very well!
Thanks for the long explanation! I am learning new things everyday! That’s why many people just leave their Steem there while Bitcoin was climbing very high!

Urge! Those tax laws sound just like monsters! I hope we will not embarked on complicated tax law like yours!!

I am still surviving though this has been a testing year for me. I am going to have to make some drastic changes to my life early next year! Hoping that the global financial system has not become unglued too soon!

All the best!
Cheers.