English **A single brilliant decision can create wealth. However, the best way to preserve one's fortune over the course of a century is not through a single brilliant decision, but through hundreds of sound decisions made over many years.** **Cultivating the Right Family Culture** - The most successful families instill a sense of purpose in subsequent generations. They create an environment in which children and grandchildren **do not feel entitled to their inheritance**, but are instead motivated to forge their own paths and create value for the world. In these families, subsequent generations view their wealth not as their personal property, but as something they are stewarding for the future. **Viewing Tax Planning as an Ongoing Process** - The second most important factor these families utilize to preserve their wealth is a highly deliberate and thoughtful approach to expenses and costs. **Typically, in such situations, taxes represent one of the largest cost factors; moreover, the manner in which one invests one's money can be either incredibly tax-efficient or incredibly tax-inefficient.** For instance, one might purchase an equity fund where the fund manager is constantly buying and selling. One would have to anticipate that a significant portion of the short-term capital gains would be subject to taxation each year—thereby eroding the client's net return. An alternative is a tax-loss harvesting strategy, in which—rather than purchasing a mutual fund—one acquires a basket of individual stocks and sells positions trading at a loss to offset gains elsewhere. The expected gross return remains the same, but the after-tax returns are significantly higher. These wealthy families invest considerable time in engaging professional advisors to ensure they avoid making tax-inefficient decisions. They view tax planning not as a one-time event, but as an ongoing process. **Long-Term Investing** - Another common practice involves buying and holding core assets over extended periods to minimize taxes and transaction costs. The same principle applies to financial assets. Ultra-high-net-worth individuals with well-structured stock portfolios almost never pay taxes on them, simply because they buy and hold. For instance, if they require $1 million (approximately €920,000) to purchase a property, they do not sell off assets and thereby incur a tax liability. Instead, they take out a loan against their portfolio or secure a mortgage. Wealthy individuals generally avoid paying for their homes in cash, as this is rarely the most prudent financial strategy. **Being Frugal** - It may come as a surprise, but ultra-high-net-worth individuals can be remarkably frugal. While most people assume that having such vast wealth would mean never having to worry about the small things, I believe that one key to preserving wealth lies in being highly frugal and keeping a close eye on expenses. **The right approach is to make every financial decision with consistent, conscious intent—and that is precisely how wealthy families remain wealthy.** My personal conclusion: My wife and I now sit down together every Sunday and consciously discuss which major expenses are truly worthwhile. It's not just about spending money, but about strategically deciding which investments will create long-term value. For example, it's about time I replaced my old van with a modern electric one. While there are no longer any government subsidies for electric vehicles for businesses, manufacturers and dealers often offer attractive discounts. At the same time, such an investment also has tax advantages: The higher operating expenses reduce my taxable income, saving me on income tax, business tax, and even health insurance contributions – costs that private individuals cannot claim in this way. Of course, we also regularly discuss how we can best transfer our properties to our children later on without incurring unnecessary inheritance tax. One thing is already clear to us: These properties should remain in the family for the long term and not end up on the open market. One possibility would be a tax-free sale within the family or the establishment of a family foundation. However, we won't be able to decide which solution is ultimately best until the coming years. Since I invest not only in my company and real estate but also in cryptocurrencies, the issue of taxes plays a significant role there as well. Should the one-year holding period be abolished at some point and profits no longer be tax-free, new strategies would have to be considered. One option, for example, would be to use cryptocurrencies as collateral and take out a loan against them instead of selling the positions directly. The resulting interest could then be tax-deductible. I'm already trying to instill this kind of long-term, strategic thinking in my children. https://ecency.com/hive-167922/@der-prophet/wie-du-es-schaffst-das-deine-familie-wohlhabend-wirdhow-to-make-your-family-wealthy--5kg #MindsetOverMoney #hive #InvestSmart #investing
Investor or speculator – a difference many don't want to hear.
A surprisingly large number of people today call themselves "investors" as soon as they open a brokerage account, invest in ETFs, or buy Bitcoin. In reality, however, in most cases it's more about speculation than traditional investing. **An investor builds value.** They buy or develop real estate, found companies, participate in startups, or invest directly in productive business models. Their focus is on long-term cash flow, influence, substance, and sustainable wealth accumulation. A true investor thinks in decades—not quarters. **The speculator, on the other hand, primarily bets on price movements.** They buy stocks, ETFs, or cryptocurrencies in the hope that the market will be willing to pay more for them in the future. This can be highly profitable – no question. However, success here is often based more on market sentiment, timing, and liquidity than on direct value creation. Important: Speculation is not inherently negative. Many people have become very successful with it. The problem arises when speculation is confused with entrepreneurship or genuine investing. The crucial difference lies in the approach: **The investor creates or controls value.** **The speculator trades expectations about value.** Both paths can lead to wealth accumulation. But the life of an investor is usually more sustainable, stable, and resilient to crises – because there is real substance behind their wealth. Or, put more simply: **The speculator hopes for rising prices. The investor ensures that value is created.** This difference is particularly evident in the current market phase. While many risk assets, such as tech stocks or cryptocurrencies, have lost significant value, the actual investors have long since continued their work – often far from the public eye. Companies are expanding their infrastructure, developing new products, and strengthening their market position. Banks and financial institutions are simultaneously working on networks and applications around digital assets and blockchain technologies. Even during the so-called "crypto winter," numerous projects are being further developed, partnerships are being forged, and systems are being built—almost unnoticed by most speculators who focus solely on the charts. And that's precisely the crucial point: Speculators watch prices. Investors watch development, adoption, and network effects. Those who want to be successful in the long term should therefore pay less attention to short-term price movements and more to which projects continue to grow, hire employees, expand infrastructure, and create real-world applications, even in difficult market phases. Because wealth is rarely created where the greatest euphoria prevails. It is usually created where consistent, behind-the-scenes development continues while the majority has already given up. The best investments are often not identified by rising prices, but by the fact that development continues despite falling prices. Posted Using [INLEO](https://inleo.io/@der-prophet/investor-oder-spekulant-ein-unterschied-den-viele-nicht-hren-wolleninvestor-or-speculator-a-difference-many-dont-want-to-hear--jq)
The well-known billionaire and hedge fund founder Ray Dalio warns of a new phase of global instability. According to his analysis of historical cycles, the economy and politics could be facing a particularly turbulent time. His analysis of roughly 500 years of history shows that world orders often follow recurring cycles. Dalio calls this pattern the "Big Cycle." In such cycles, new monetary, power, and world orders emerge, develop over decades—and ultimately collapse. Currently, he believes the world is in a particularly critical phase, on the verge of a potential upheaval. According to Dalio's analysis, such major historical cycles last an average of about 75 years—sometimes considerably longer or shorter. The last major upheaval, he argues, was the period between the Great Depression of 1929 and the end of World War II in 1945. Afterward, a new world order emerged under US leadership, which continues to shape the international financial and security system today. However, according to Dalio, many current developments increasingly resemble the years preceding this upheaval. Dalio cites several developments that, in his view, are typical of a particularly unstable phase of such a cycle. These include: High and rapidly growing national debt, as well as geopolitical conflicts, raise doubts about the value and stability of money—especially reserve currencies. This drives capital out of paper currencies and into gold or cryptocurrencies. The transition from a world order with a dominant power and relative stability to a world order characterized by conflicts between multiple major powers. The disintegration of alliances such as NATO. Growing wealth and income disparities within countries lead to: The rise of populism—both right-wing and left-wing—and to irreconcilable differences that cannot be resolved through compromise or the rule of law. I quoted from the following article... https://www.focus.de/finanzen/ray-dalio-ich-habe-500-jahre-geschichte-studiert-und-befuerchte-dass-wir-in-die-gefaehrlichste-phase-des-grossen-zyklus-eintreten_a149ff87-b186-4aeb-94ba-0d6904dafbdb.html My personal conclusion: Do you also see the parallels? The only question is whether this system change will end in war or begin with a different financial system? Posted Using [INLEO](https://inleo.io/@der-prophet/das-muster-des-big-cycle-the-pattern-of-the-big-cycle-gky) $BTC #bitcoin #story #dollar #finance
After Bitcoin's price crash to around $60,000 in February and two months of stubborn sideways movement, bullish signs are increasing. Michael Saylor's BTC accumulation machine is running at full speed, and spot ETFs from BlackRock and other providers are again seeing inflows in the hundreds of millions on some days. The shaky hands seem to have been swept out of the market. What remains is the core group of long-term holders. Have we already seen the Bitcoin bottom, and can we now hope for a genuine recovery rally? Many experts still have their doubts. BTC Echo editor Tobias Zander: Hardly anyone would have expected a year ago that a single Bitcoin would cost less than $80,000 today. But although the four-year cycle caught up with its overly optimistic critics—myself included—this bear market has been surprisingly mild so far. The low point on February 6th represented a 53% correction from the all-time high of $126,000. I quoted from the following interview... https://www.btc-echo.de/news/steht-bitcoin-das-schlimmste-noch-bevor-229511/ Conclusion: If the price action of the leading cryptocurrency has shown us one thing time and again, it's its merciless brutality against fair-weather investors who believe that Bitcoin offers a "simple" path to wealth. Therefore, I expect the BTC price to dip slightly below $60,000 again before a sustained recovery rally – even if only briefly. For true believers, it's once again a case of "buying when the cannons roar." My question to you: Did I miss the opportunity to buy more in February, or is the real bottom yet to come? Posted Using [INLEO](https://inleo.io/@der-prophet/der-kryptowinter-scheint-vorber-is-the-crypto-winter-over-bn4)
Statement: CDU/CSU und AFD strikt gegen Änderungen der Bitcoin Haltefrist
Die Diskussion um eine mögliche Änderung der Besteuerung von Bitcoin und anderen Kryptowährungen in Deutschland sorgt seit Tagen für erhebliche Unruhe innerhalb der Branche und Community. Hintergrund sind die Pläne aus dem Umfeld des Bundesfinanzministeriums unter Finanzminister Lars Klingbeil (SPD), wonach die bisherige steuerliche Behandlung von Kryptowährungen geändert werden solle. **Nun liegt Blocktrainer.de erstmals eine konkrete Stellungnahme aus der CDU/CSU-Bundestagsfraktion vor. In einer Antwort auf eine Bürgeranfrage positioniert sich die Union überraschend deutlich gegen Änderungen an der bestehenden Regelung.** *Aus Sicht der CDU/CSU-Bundestagsfraktion besteht kein Anlass, an der bewährten Regelung etwas zu ändern. Eine solche Maßnahme ist auch im Koalitionsvertrag nicht vereinbart. Im Übrigen begrüßen wir es, dass über die steuerliche Behandlung von Kryptowerten zunehmend differenziert diskutiert wird.* Interessant ist dabei auch die Argumentation der CDU/CSU zur steuerlichen Systematik. Die Fraktion macht deutlich, dass Bitcoin und Co. aus ihrer Sicht nämlich nicht isoliert betrachtet werden sollten. Wörtlich heißt es: Diese Regelung der Steuerfreiheit nach Ablauf der Spekulationsfrist ist Ausdruck eines systematischen Gleichklangs im Steuerrecht: Sie gilt ebenso für Gold wie auch für Fremdwährungsgeschäfte. Eine isolierte Abschaffung der Ein-Jahres-Frist allein für Kryptowährungen würde diese Systematik durchbrechen. **Klar ist, selbst wenn das Bundesfinanzministerium unter SPD-Führung entsprechende Vorschläge ausarbeiten sollte, wäre für eine tatsächliche Gesetzesänderung am Ende eine parlamentarische Mehrheit notwendig, die ohne die CDU/CSU und die Bitcoin-freundliche AfD nicht vorhanden ist.** AfD kritisiert Steuerpläne: “Bitcoin Haltefrist ist kein Steuerschlupfloch” In einem Statement, das BTC-ECHO vorliegt, kritisiert die AfD den Vorschlag von Finanzminister Lars Klingbeil. Der SPD-Bundesvorsitzende hatte sich letzte Woche auf einer Pressekonferenz geäußert: “Wir wollen die Kryptowährungen anders besteuern.” Die staatlichen Einnahmen sollen dadurch gestärkt werden, “indem wir weniger entgehen lassen”, so Klingbeil wörtlich. “Die Pläne von Finanzminister Lars Klingbeil sind ein Frontalangriff auf Eigentum und Eigenverantwortung”, erklärt Dirk Brandes. Er ist Bundestagsabgeordneter und Mitglied im Finanzausschuss. “Die Haltefrist bei Bitcoin ist kein Steuerschlupfloch, sondern ein bewusst gesetzter Anreiz für langfristiges Sparen. Wer sie abschafft, bestraft genau diejenigen, die vorsorgen und Verantwortung für ihr Leben übernehmen”, heißt es weiter. Brandes fordert die Bundesregierung auf, mehr einzusparen, statt Ausgaben zu erhöhen. “Es darf nicht sein, dass Leistungsträger und private Anleger zur Kasse gebeten werden, während strukturelle Probleme unangetastet bleiben”, so der AfD-Abgeordnete. Ich zitierte aus folgenden Artikeln... https://www.blocktrainer.de/blog/aenderung-der-krypto-steuer-das-sagt-die-cdu/csu https://www.btc-echo.de/schlagzeilen/afd-kritisiert-klingbeils-bitcoin-steuerplaene-230119/
Michael Saylor größter Manipulator des Bitcoin Kurses?/Michael Saylor: The biggest manipulator of th
Michael Saylor größter Manipulator des Bitcoin Kurses?/Michael Saylor: The biggest manipulator of the Bitcoin price? MicroStrategy Inc. hat seine aggressive Bitcoin-Anhäufung gestoppt. Der Vorstandsvorsitzende Michael Saylor teilte in den sozialen Medien mit, dass in dieser Woche keine Käufe getätigt wurden.  In seinem Posting zu X brach Saylor mit seinem Muster, neue Käufe mit dem berühmten Orange Dots-Chart anzudeuten. Stattdessen schrieb er einfach: “Keine Käufe diese Woche”. Diese Aussage deutet auf eine Pause nach mehreren Wochen stetiger Käufe hin. Am 20. April gab MicroStrategy seine größte Akquisition bekannt . Es kaufte 34.164 BTC zu einem Preis von etwa 2,54 Milliarden Dollar bei einem Durchschnittspreis von 74.395 pro Bitcoin. In der darauffolgenden Woche hat das Unternehmen seine Einkaufsaktivitäten massiv reduziert. Es erwarb 3.273 BTC zu einem ungefähren Preis von 255 Millionen Dollar mit einem Durchschnittspreis pro Einheit von 77.906 Dollar. Dieser steile Rückgang, der in Dollar ausgedrückt fast 90 % beträgt, zeigt die Verlangsamung der Akkumulationsrate kurz vor dem jüngsten Stopp. Durch diese Käufe stieg der Bestand des Unternehmens auf 818.334 BTC, bei einer durchschnittlichen Kostenbasis von 75.537 $ pro Coin. Strategy deutet mögliche Bitcoin-Verkäufe an Die wichtigste Meldung kommt jedoch von Strategy. Das Unternehmen von Michael Saylor, der größte börsennotierte Corporate Holder von Bitcoin, stellt erstmals offen in Aussicht, einen Teil seiner BTC-Bestände zu verkaufen, um Dividendenverpflichtungen zu bedienen. Auf dem gestrigen Earnings Call sagte Saylor: ***“Wir werden wahrscheinlich einige Bitcoin verkaufen, um eine Dividende zu zahlen, einfach um den Markt daran zu gewöhnen und die Botschaft zu senden, dass wir es getan haben.”*** Saylor beschrieb das Modell folgendermaßen: **“Man kauft Bitcoin mit Krediten, lässt seinen Wert steigen und verkauft dann Bitcoin, um die Dividende zu zahlen.**” **Strategy meldete für das erste Quartal einen Nettoverlust von 12,54 Milliarden US-Dollar. Grund dafür waren vor allem unrealisierte Bewertungsverluste auf die Bitcoin-Bestände.** - Ich zitierte aus folgenden Artikeln... https://inleo.io/@der-prophet/michael-saylor-grter-manipulator-des-bitcoin-kursesmichael-saylor-the-biggest-manipulator-of-the-bitcoin-price--bjc https://www.thecoinrepublic.com/de/2026/05/04/microstrategy-pausiert-bitcoin-kaeufe-kann-michael-saylor-2026-noch-1-mio-btc-kaufen/ https://www.btc-echo.de/schlagzeilen/michael-saylor-bitcoin-verkaufen-230148/ Mein persönliches Fazit: Es bleibt spannend mit der Bitcoin Strategie von Michael Saylor jetzt kommt die Aussage die kommen musste. Bitcoin können verkauft werden wenn Dividendenzahlungen anstehen. Also ich lasse mich überraschen ob im Sommer die Kursgewinne wieder egalisiert werden und Bitcoin auf den Boden der Tatsachen ankommt? --- English MicroStrategy Inc. has halted its aggressive Bitcoin accumulation. CEO Michael Saylor announced on social media that no purchases were made this week.  In his post, Saylor broke with his usual practice of signaling new purchases with the famous Orange Dots chart. Instead, he simply wrote: “No purchases this week.” This statement suggests a pause after several weeks of steady buying. On April 20, MicroStrategy announced its largest acquisition to date, purchasing 34,164 BTC at a price of approximately $2.54 billion, with an average price of $74,395 per Bitcoin. In the following week, the company drastically reduced its purchasing activity. It acquired 3,273 BTC at an approximate cost of $255 million, with an average price of $77,906 per unit. This steep decline, nearly 90% in dollar terms, demonstrates the slowdown in the accumulation rate just before the recent halt. These purchases increased the company's holdings to 818,334 BTC, with an average cost basis of $75,537 per coin. Strategy Hints at Possible Bitcoin Sales However, the most significant news comes from Strategy. Michael Saylor's company, the largest publicly traded corporate holder of Bitcoin, is openly indicating for the first time that it may sell a portion of its BTC holdings to meet dividend obligations. During yesterday's earnings call, Saylor said: ***“We will probably sell some Bitcoin to pay a dividend, just to get the market used to it and send the message that we have done it.”*** Saylor described the model as follows: **“You buy Bitcoin with borrowed money, let its value increase, and then sell Bitcoin to pay the dividend.”** **Strategy reported a net loss of $12.54 billion for the first quarter. The main reason for this was unrealized valuation losses on Bitcoin holdings.** - I quoted from the following articles... https://www.thecoinrepublic.com/de/2026/05/04/microstrategy-pausiert-bitcoin-kaeufe-kann-michael-saylor-2026-noch-1-mio-btc-kaufen/ https://www.btc-echo.de/schlagzeilen/michael-saylor-bitcoin-verkaufen-230148/ https://inleo.io/@der-prophet/michael-saylor-grter-manipulator-des-bitcoin-kursesmichael-saylor-the-biggest-manipulator-of-the-bitcoin-price--bjc My personal conclusion: The Bitcoin strategy of Michael Saylor remains interesting; now comes the inevitable statement. Bitcoins can be sold when dividend payments are due. So, I'll be interested to see if the price gains are wiped out again in the summer and Bitcoin comes back down to earth. #bitcoin #strategy #SaylorStrategy #hiveblog #hive $BTC