Content
@
https://warpcast.com/~/channel/airstack
0 reply
0 recast
0 reaction
Danica Swanson
@danicaswanson
Moxiesplaining Journal Day 24: Selling Fan Tokens What happens when people sell Fan Tokens? I haven’t sold any yet, and don’t plan to for quite awhile. I plan to lock when Moxie Power launches. But selling is the only way to realize gains, so I imagine most people will sell some of their holdings sooner or later. When that time comes, what factors affect the outcome? A few that come to mind: - every token sold slightly reduces the price for the next buyer/seller - 5% fee (2.5% burned; 2.5% to the Fan Token entity) - taxation (e.g., cost basis and capital gains tax on profits) - slippage (how to estimate?) In some cases it looks like sellers end up with a loss when they were (presumably) hoping to profit. Even after reviewing the docs I still feel unclear on what people end up with when they sell, so I'm hoping to learn in public. Thoughts...? (NFA, of course). (Moxiesplaining Journal is a daily window into my observations, learnings, and the view of Moxie from where I sit as a writer + editor).
12 replies
0 recast
6 reactions
Gwynne Michele
@thecurioushermit
I've sold a few times. After the first month, I sold some tokens that I'd bought early and weren't aligned with my evolving strategy. I used the Moxie to buy others. Also sold a handful of Network tokens last week to get over some slow cashflow. I did make profit on them, but I'd been holding them for a few weeks - it's not something you can buy and then turn around a day or two later and expect to profit at all - the fees will eat up any profit you might have made in that short of time. And it's definitely going to be better to hold. ESPECIALLY as we're seeing the price of Moxie start to rise again.
1 reply
0 recast
1 reaction
antaur
@antaur.eth
amazing, it really does emerge slowly but steadily that Moxie is ideal for HODLers like the OG was and for many still is (BTC)
0 reply
0 recast
0 reaction
