Markets & Emotions: The Unwavering Connection

While I remain optimistic about the broader market, I advocate for a measured approach rather than going all-in. The crypto space is rife with uncertainties, with ongoing issues surrounding platforms like FTX and Celsius, to name just a couple. In the short term, we can expect volatility, with BTC potentially dipping to the 24/27k range before its next upward trajectory.

To my clients, I offer this advice: Harness the volatility to your advantage. Embrace dollar-cost averaging. Whether you choose to invest daily, weekly, or monthly, this strategy allows you to average out your purchase price. Instead of fretting over price hikes, reframe your perspective: a dip in price is an opportunity to buy more.

As we await clearer governmental regulations and the potential introduction of centralised cryptocurrencies, it’s crucial to understand that we’re currently in an accumulation phase.

If you want advice , starting or need help with your crypto portfolio drop me a message .

Tread wisely, invest smartly, and keep a long-term vision.

Lock and Load

Tony

#tonyevanscrypto #technology #instagood #digitalassetinvestor #luxuryliving #nftinvestor #wealthbuilding

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NFTs: Beyond the Initial Hype and Into the Future

Looking at what NFT’s and if the use of them are dead?

Recently, let call him an acquaintance of mine, a staunch anti-crypto/NFT individual, approached me with a triumphant grin. “You see,” they began, their demeanour dripping with vindication ,

“NFTs were a scam. They’ve crashed, their value has plummeted. I told you so.”

I took a moment, then responded. “NFTs are far from dead,” I began. “Yes, the initial market cycle has seen its highs and lows, and things might seem quiet now. But isn’t that the nature of most groundbreaking innovations? Remember the early 2000s when the internet boomed and then faced its bust? It was a similar narrative back then. After a crash, there’s always a period of consolidation and innovation. We’re in that phase now.”

But there’s more to the story of NFTs than just market cycles. Lets look at the Governments worldwide are exploring NFT technology for uses in a legal capacity and archives . Prestigious brands like LVMH, Gucci , Ferrari  are already in the space and growing their presence there. In my personal opinion we’ve barely scratched the surface of its physical applications. We at RATE Group have been working with application of this in Hotel , Champagne , Property and Bitcoin mining to name a few as we see huge application for this across the board .

In my view, NFTs are gearing up for their next act. They’re far from being a mere flash in the pan. In fact, now might be the perfect time to get involved, to understand their potential, and to be part of the next wave of innovation , if you like to know more about this drop me a message .

Lock and Load

Tony

 

#tonyevanscrypto #technology #instagood #digitalassetinvestor #luxuryliving #nftinvestor #wealthbuilding #bitcoin #wealthmindset #nft #nftnews #chatgpt #nftsystem #nftsale

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Japan’s Tax Reforms on Cryptocurrency: A Mixed Bag

Japan Changes tax ON CRYPTO Japan has long been at the forefront of the cryptocurrency movement, from early adoption and investment to pioneering legislative frameworks a big reason for me be here for so long . Yet, the taxation landscape for crypto assets in the country has been notably stringent.

A glimmer of hope emerged last week when the National Tax Agency of Japan unveiled updated rules on cryptocurrency taxation for corporations. Under the new guidelines, corporations won’t be taxed 30% on unrealised gains. In simpler terms, if a company hadn’t liquidated its crypto assets, it previously had to pay tax on the potential gains. This change was a welcome relief for many.

However, the devil is in the details. After a thorough review and consultation with our accountants, it became clear that this tax relief only applies to companies that have issued their own tokens. Other cryptocurrencies remain outside this purview. Moreover, individual investors face a staggering 55% tax on gains exceeding 200,000 yen, approximately $1,800.

While these reforms signal positive strides for emerging companies meeting specific criteria, the tax landscape remains challenging for individual investors and established corporations.

If you like help with this drop me a message and will send you to tax advisors we working with in Japan and globally.

 

Lock and Load

Tony Evans

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