Gambling with Hive
I will do some "Radical" and start to gamble with my hive!
I have never taken anything out from hive to personal benefit from it. Now my financial situation have changed a bit, I will slowly get a better income and more money to invest and thrive compared to what I have been used too, but I might have found a way to get out some Hive with a bit of luck and gambling.
So for fun, I will be taking out 200 hive (100$ ish) and transfer it to Eth, Bitcoin or Litecoin (Whatever fee is the lowest) and gamble with it on StakeKings.
Well, I will stake different pro-poker players to see if they can give me a good yield for my buck :D
This reason is that, that kinda makes it legal and I should be able to take the winnings out and pay taxes from that, which is way lower than the taxes on crypto + its free money xD
Worst case? I lose the 200 Hive which I ain't using for personal gains either way. So fuck it.
I am kean on finding a "stable" way of getting a bit of Crypto out, so I can reinvest it in other project and such and make my networth higher in order to get better deals on loans.
The returns are going to be worse when I reinvest it, but since stocks and bonds are regonized as networth I feel like its worth it, so I down the road can invest in Real Estate ^^
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Stop giving me ideas xD
What I learned?
Lottery can help in tax reduction.
A bridge to cash out even in some states where crypto is illegal.
Well. Its still gambling xD
If I could take it out normally, it would be better :p
Lottery winnings or gambling prizes are taxed weird in Denmark xD
Good luck with that!
Thanks buddy!
Give it a week or longer and I will see what happens with the funds :p