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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).
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TrishD
@trishd
I've only been thinking of hodling long-term. I guess I should buy more than one token of each account I buy so I can keep one and sell one later on when the time is right. I'm not a good trader. I'm stuck in my hodling ways.
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Danica Swanson
@danicaswanson
No worries about that! You can buy or sell fractions of a token. In fact I just bought .5 of a token today. (I'm not a good trader either. My biggest challenge is actually picking a time to take profits instead of hodling. I was kind of surprised to learn that about myself).
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