What have you learned during your Crypto journey that you wish you had known 2, 3, or 5 years ago?
Have you made any rookie mistakes that could have been prevented with more knowledge or experience?
Sharing your crypto journey can help others avoid costly mistakes and stay safe as they navigate the digital currency world.
And Learning from other people's experiences does help us to avoid costly mistakes.
Crypto taxes - Let's not forget that crypto trading is a taxable event
Crypto is a complex and often confusing market, and the more information we have, the better we can protect ourselves and our investments.
By sharing your experience, you can help others avoid common pitfalls and make informed decisions about their investments.
As 'Maggie' describes, she has learned about her crypto taxes obligations but could have avoided paying taxes by holding her crypto portfolio untouched for one year.
Do you know you do NOT have to pay taxes in Germany if you hold your crypto for one year or longer?
But, if you trade your crypto-to-crypto or crypto-to-fiat, that is a taxable event, and you must set aside enough money to pay your taxes.
If you live in Germany, your best option may be to buy BTC or ETH during the Bear market and hold it in cold storage until the next Bull run.
While digital security is crucial, it's important to remember that physical security for our devices is equally vital.
Digital security is important, but let's not forget that protecting our portfolios from accidents (e.g., fire or water) or robberies is important.
How many people have lost their crypto to a house fire, flooding, or just a plain robbery?
While more seasoned Crypto investors may have taken steps to protect their wallets and seed phrases, more rookie Crypto investors may know yet have the knowledge and experience to take the steps to fully protect the devices that grant access to their crypto assets.
'John' probably had his wallet seed phrases stored safely, so losing his laptops was not critical.
Help others by sharing your stories and experience.
If you have some minutes, consider ANONIMOUSLY sharing your story with others so they learn from the lessons you have been through.
https://cryptosafetyfirst.com/share-and-learn/
Thanks for your time, and thanks in advance for making the crypto space a safer place.
