🔵 Bitcoin, Crypto Bull Run, Puerto Rico, Act 22, Taxes Hurt Wealth Growth, Think BIG, EOS Thoughts
YouTube link:
Topics & Timestamps:
● (0:22-) Puerto Rico, my recent vacation and Act 22 (aka Act 60) for Crypto capital gains tax savings.
● (1:46-) The compounded loss of wealth due to taxation is enormous. Shout-out to Nomad Capitalist.
● (3:35-) Thinking BIG. Crypto is Gold 2.0. It is a hedge against the surety of fiat devaluation.
● (6:00-) Crypto Bull Run still happening? I prefer to look long-term. I feel short-term price predictions are mostly just noise in the grand scheme of things (the bigger picture).
● (8:12-) My portfolio holdings currently.
● (8:28-) Bitcoin failing to scale & high fees. Will Ethereum 2.0, Bitcoin Cash or EOS scale Bitcoin for it if LN is a flop?
EOS Section:
● (9:37-end) Thoughts on EOS (EOS Nation enters top 21, governance, proxies, vote trading, vote buying)
Correction & Update: The reason top 21 BPs didn't fix CPU congestion was NOT due to neglect. It was due to flaws in REX's design which would have resulted in potential loss of funds. BPs were trying to fix CPU issues. Currently, REX won't lose anyone's funds while we wait for REX 2.0. Thank you to Yves of EOS Nation for clarifying this for me.
quote: "If you don't own any kind of alternative [to fiat] then I feel like that itself is a riskier proposition than having a diversification of assets." (4:54-)
Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.
#cryptocurrency #tokens #coins #bitcoin #btc #blockchain #eos
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⚡Colin Talks Crypto⚡
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Correction & Update: The reason top 21 BPs didn't fix CPU congestion was NOT due to neglect. It was due to flaws in REX's design which would have resulted in potential loss of funds. BPs were trying to fix CPU issues. Currently, REX won't lose anyone's funds while we wait for REX 2.0. Thank you to Yves of EOS Nation for clarifying this for me.