More and more and more $JIF JI.Finance

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Grayscale’s Cryptocurrency Assets under Management Crosses $20 Billion

The recent rally in Bitcoin and other crypto assets pushed the total value of Grayscale’s AUM to a record high.

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Proposed Indian Crypto Tax Could Kill the Local Industry

The government is expecting to gain $1 billion in taxes from Bitcoin trades.

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Analysis: Top crypto trends and predictions for 2021

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Looking for advice please any crypto experts out there??

Hi there,

I'm a casual investor who started a few years ago when bitcoin was around $5k.

I am mainly invested in bitcoin and etherum. I'm no expert so looking for a bit of advice on what to do.

I understand normally the best strategy is to buy when it's low and then bank your profits when it's high to re invest.

Can I ask though (making this number up) but let's say you buy $5000 dollars of bitcoin and own 0.03 of a bitcoin... If the price rises and you now have $10,000 does that mean you now have 0.06 of a bitcoin? I think it doesn't... However what happens if I decide to bank the 5k profits... Does the 0.03 I hold reduce or only if I pull out more than my profits?

I want to hold on to my original investment but also want to cash out some profits to re invest.

Let's say I cashed out my profits of 5k and then brought back in at a much higher price e.g $25,000 is that wise?

Apoligies as I know I'm sounding pretty basic and this is probs really easy to understand but I just want to be 100 per cent sure so really do appreciate any honest advice talking me through it and if my approach makes sense.

I don't want to sell all my money originally invested as I believe it will continue to grow but equally wondering if leaving my profits in and not reinvesting them is a bad idea as I could have turned them into even bigger profits by reinvesting.

Many thanks in advance

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Index funds

Crypto Index Fund Suggestions

Are any of you invested in crypto index funds? Not crypto indices on the stock market but on blockchain.

From what I can see there are tokens made of a portfolio of tokens (C20, DPI). There are also platforms which will do rebalancing for you but do not have a token (GVT, shrimpy, token metrics).

I prefer the former (holding an index token), because in my country crypto to crypto trades are taxable events, so the rebalancing platforms could cause a tax nightmare (in general they do the rebalancing on your exchange, and your tokens are also held on the exchange which is no good.

Are there are any index funds you’re aware of? Ideally reputable teams/companies.

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Congress Members Raise Concerns over US Treasury’s Cryptocurrency Rule

Eight Congress members sent a letter to Secretary Mnuchin raising concerns over the process of FinCEN’s proposed crypto rule.

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