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Letting it ride

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Jon Michael Aanes 2024-05-15 00:43:59 +02:00
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finance/mpc-token-grant.md
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@ -109,7 +109,7 @@ Ordered by relevance and personal preference:
| [Crypto.com](https://crypto.com) | 🇩🇪 | | [Yes](https://help.crypto.com/en/articles/3857197-fiat-wallet-usd-withdrawal-via-ach) | US specific? [High risk of collapse](https://manifold.markets/Base/the-next-crypto-exchange-to-file-fo). |
| [Binance US](https://binance.us) | ? | | [Yes](https://support.binance.us/hc/en-us/articles/360047428893-How-to-Withdraw-via-ACH) | US specific? [High risk of collapse](https://manifold.markets/Base/the-next-crypto-exchange-to-file-fo). |
| [Bybit](https://www.bybit.com/) | ? | | [Yes](https://www.bybit.com/en/help-center/article/FAQ-Fiat-Withdrawal) | |
| [OKX](https://www.okx.com/) | ? | | ? | ? |
| [OKX](https://www.okx.com/) | ? | | ? | |
| [Upbit](https://sg.upbit.com/home) | <span title="North Korea">🇰🇷</span> | | ? | |
| [Bitget](https://www.bitget.com/) | <span title="Seychelles">🇸🇨</span> | | ? | |
@ -156,7 +156,7 @@ and I recommend acting as if the second interpretation is in effect.
## Example flow and report
Below is an example. Amounts and prices are made up.
Below is an example flow of cashing out, using Kucoin and Kraken. Amounts and prices are made up.
| What | Input | Price | Fee% | Fee of Input | Output |
| ---- | ----: | ----: | ---: | -----------: | -----: |
@ -170,9 +170,31 @@ Below is an example. Amounts and prices are made up.
Contrast with a theoretic value of `10000 MPC * (0.4 USDT/MPC) * (0.91 USDT/€) = €3640`, resulting in `€22.535968` lost to fees, and `€3640 * 52% = €1892.8` in taxes, giving you `€3640 - €1892.8 - €22.535968 = €1724.664032`, giving you `0.473809%`.
## Discussion: Letting it ride
It might be tempting to letting your MPC possessions "ride", e.g. paying off
your tax burden by selling half, and keeping the rest in MPC. While this is
definitely a possibility, you should not be blinded by greed or by emotional
attachment: By doing this, you are **converting your bonus to an investment**,
and you should consider the consequences of this.
1. The price of MPC now is known, but the price in the future is unknown.
2. For the first few installments you are already heavily exposed to price
changes to MPC, and will get almost the same upside or downside whether you
hold or not.
3. If you have already decided to invest, consider that there might be other
investments which have better characteristics. Crypto investment can be
rough.
4. From a [diversification point of view](https://en.wikipedia.org/wiki/Diversification_(finance))
consider that you are possibly possessing an incredibly lopsided portfolio,
due to the MPC grant.
5. Also regarding diversification: You are already heavily invested in the
well-being of Partisia and Partisia Blockchain, due to working there.
The price of MPC and the financial situation of Partisia will most likely
correlate.
<!--
# Old and Scratchboard
## Practical