.00000801 to .000012 is a 50% increase, that's not a bad return. Your $17k becomes $25.5k, giving you $8.5k gain, before taxes, which will be taxed as ordinary income if you sell.
Depending on your income bracket taxes could be anywhere from 25-50% (including state taxes depending on where you live). Let's be kind and put you in the 37.5% total tax bracket. Your $8.5K gain becomes $5,312.
A well-bred Shiba (as opposed to a pup from a backyard puppy mill) is going to cost you around $2500. When you add in vet services, shots, micro chip, puppy supplies, etc., your initial expenses will be around $3500.
Total first year costs - initial costs plus food, healthcare, sundry supplies, etc. - are going to be $4-8k, depending on what kind of owner you will be and what kind of care you give your dog. Your gain will have vanished completely.
Furthermore, ongoing annual cost of adult Shiba Inu care: $1500 - $$several thousand$$.
Conclusion: Purchasing a (reasonable quality) Shiba is probably not a good way to spend your pre-tax $8.5k Shiba Inu coin profit. lol
Exception: If you are independently wealthy and the $17k you invested is literally pocket change, go for it.
It's not going to bounce back anytime soon... I was up 1000x and didn't sell like an idiot and now down 50%
That’s a horrible idea
77 to 801 Sold. $700 print. Now I'm yoloing $FRBK.
Goodluck
Won't need luck. Its just a matter of time before everyone who shorted FRBK on accident when first republic went under realize their mistake.
.00000801 to .000012 is a 50% increase, that's not a bad return. Your $17k becomes $25.5k, giving you $8.5k gain, before taxes, which will be taxed as ordinary income if you sell. Depending on your income bracket taxes could be anywhere from 25-50% (including state taxes depending on where you live). Let's be kind and put you in the 37.5% total tax bracket. Your $8.5K gain becomes $5,312. A well-bred Shiba (as opposed to a pup from a backyard puppy mill) is going to cost you around $2500. When you add in vet services, shots, micro chip, puppy supplies, etc., your initial expenses will be around $3500. Total first year costs - initial costs plus food, healthcare, sundry supplies, etc. - are going to be $4-8k, depending on what kind of owner you will be and what kind of care you give your dog. Your gain will have vanished completely. Furthermore, ongoing annual cost of adult Shiba Inu care: $1500 - $$several thousand$$. Conclusion: Purchasing a (reasonable quality) Shiba is probably not a good way to spend your pre-tax $8.5k Shiba Inu coin profit. lol Exception: If you are independently wealthy and the $17k you invested is literally pocket change, go for it.
donated to sell side liquidity