I invested the major percentage in hive when it was trading at 0.21 - 0.23 range earlier, so I feel, that was not a bad choice, since that seems to be the bottom even today
HIVE happens to be the most resilient coin at this range. The path of least resistance from here is only an upward trajectory. That said, it is not a wise idea to wait for a 10x gain or anything like that, rather a "rinse and repeat" strategy can make us a 10x gain cumulatively if we figure out the ranges.
And of course you see a little investments in a few meme coins there - who knows, they at times surprise everyone.
You should own some Bitcoin sir, because that is a safe asset as we are negotiating in the turbulent period(2025-2030) of this decade.
As such, Indians across different classes have a cultural habit of investing in GOLD, and GOLD is shining, enjoying self-discovery in terms of price actions.
When the market goes down after we have exhausted all our investments, it creates some sort of anxiety (that feeling of I should have waited for this day), which I have to deal with, but that's the best I can do
I strongly feel that these are the effects of de-dollarization. The global north is de-dollarizing via Bitcoin whereas the BRICS countries are de-dollarizing via GOLD. Hence, GOLD is rising. As we approach closer to 2028 it may so happen that you see the USD-INR pair trading below 60 or maybe even 45-50 INR per USDT. So, recalibrate your portfolio. You should foresee what in terms of USDT a crypto asset is gaining, what relative return you are getting in INR terms as well. After all, Indians convert INR to USDT and then invest in crypto. So, at the end of the day, return calculation in terms of INR is equally important. If not now, then surely by 2028/2030, you have to factor in this aspect.
As per the govt, all rewards are taxable, but that will be applicable only when I convert to INR - is that a correct understanding ?
Having a law is one thing; enforcement is another. In India, there are so many laws, but enforcement is either poor or very, very challenging. Crypto and the internet have an asymmetric ability to outshadow an enforcement framework.
Thank you.
Jai Jagannath
🙏🙏🙏
if we figure out....a big if, which I could never figure out.