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🇷🇺 Russia to treat Bitcoin as property and exempt from VAT tax after bill passed parliament's upper house. It now awaits President Putin's signature.
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What advice would you give a first time crypto buyer?
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The biggest problem during easy mode isn't making profits. Not surprisingly, everyone is doing that (at least on paper). The biggest problem is keeping it. Here's how the journey looks for 99% out there: 1️⃣ $1000 to $3000 2️⃣ $3000 to $2000 3️⃣ $2000 to $5000 4️⃣ $5000 to $4000 5️⃣ $4000 to $10,000 6️⃣ $10,000 to $6000 7️⃣ $6000 to $8000 8️⃣ $8000 to $4000 9️⃣ $4000 to $2000 🔟 $2000 to $800 You'll not find many people (even newbies) that have not seen their portfolio in profit at one point. In the early stages they are making a ton of money. They go as far as yelling their friends and family they made like $1000 in a single day! Every dip also doesn't last long so they keep it. Eventually the market turns around and they don't know any better either. "A dip? We always bounce back no worries" (not realizing at one point it actually doesn't anymore). It actually bounces back initially. "See! We back up again!" But it's actually a lower high this time and every single time the market dips it does bounce back to confuse them BUT it's always lower than before it and it never comes back to the old highs at all. In the end they are left with nothing. Ironically every single one of them thought they were making a bucket load of money. Even telling their friends they did. In reality none of them did. The art of seeing your portfolio in profit is an easy one. Again, it's extremely hard to find someone in a bull market that tells you their portfolio isn't in profit at one point. But finding someone that keeps it? Extremely rare. These days when I hear a friend of mine tell me they are making profit (and they are completely new) I know for a fact they are not. Make those profits fam, but more important, make sure to keep it.
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Former 🇬🇧 UK Minister John Baker has been approved by an advisory committee to take up a paid advisory role at Bitcoin-native venture capital firm Axiom. The committee found no conflicts of interest and advised Baker to adhere to the "7 Principles of Public Life."
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Ethereum still consistently outperforming Bitcoin the last few days. Also currently higher vs when Bitcoin was trading at $99,000. The tides are turning. It's time 🤝$ETH
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