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RE: Update On LEO & HIVE Power Needed Per "Rank" - Feb 17th 2021

in LeoFinance2 months ago

I used to buy my BTC there but not done that for a few months and I'm really small fry so not even getting anywhere near those thresholds and I've completely stopped my trading activity on all the exchanges. Still milling around on H-E but as none of those tokens are recognised other than WLEO, it's only when you withdraw from H-E that you need to consider anything. Reducing taxable events is something we have to adapt to in the UK!

What are you going to do regarding your HP stake? I guess if you keep it powered up then there's no need to worry!

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My stake not sure, im not interested in cashing out until it hits 5 dollars but once we break 2 or 3 dollars ill start powering it down. Im going into XMR after that. Ill pay what i owe but i'm trying to just keep everything simple as possible for now and keep below any thresholds. My Hive curation is income as far as im concerned.

Yeah I'm probably going to be in the same boat but I'm not going to be on a mad man mission like I was in 2018. Good plan on keeping things simple, I've been reducing my KYC exchange activity to an absolute minimum - it's just the miscellaneous income that I'll be reporting once it's all powered down.

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@jphamer1 that Is a good decision and an intelligent idea from you....