Cryptocurrency markets have been in a bear market since 2018, and the bear market has reached a new low in 2020. The magnitude of the bear market has put pressure on traditional investors, cryptocurrency investors, institutional investors and governments alike. Cryptocurrency markets have absorbed a significant amount of investment capital, and the lack of institutional activity has caused a downward price pressure on the top cryptos. The question of when the cryptocurrency markets will recover, is one that many people are asking right now....
Crypto investing is becoming more popular by the day, and many investors are interested in dipping their toes into the lucrative world of cryptocurrency. One of the strategies that investors use to make money from cryptocurrencies is “shorting”. Shorting, simply put, is borrowing an asset and selling it, then buying it back later at a lower price and returning it to the lender for profit. This article will explain the basics of how to short crypto and the risks associated with it. In order to short crypto, you must first understand the dynamics of...
Cryptocurrency trading is increasingly becoming popular amongst investors and traders alike, as it offers an attractive alternative to traditional financial markets. While cryptocurrency trading does come with its own unique set of risks and complexities, those who take the time to learn the lingo and understand how it works can build a profitable portfolio and reap the rewards of trading digital assets. To get started with cryptocurrency trading, investors should first understand the different types of orders available and which types are...
Crypto staking is an innovative process that enables digital currency holders to make cryptocurrency earns through the process of validating transactions and generating new blocks on the blockchain. It is an automated process that requires stakers to keep their computer systems running for the purpose of validating and processing incoming blocks. This process can be quite profitable for the stakers, provided that they have a substantial amount of currency that they can stake. In addition, their systems must also be able to reach a consensus with...
FTX Crypto is a cryptocurrency futures, options, and spot exchange platform designed and run by Alameda Research in co-operation with Sam Bankman-Fried, the current CEO of Alameda Research. FTX has quickly become one of the most popular crypto options, due to its fast execution, low fees, and wide selection of tokens. FTX offers a wide selection of crypto-related products and services, allowing traders and investors to take advantage of the crypto markets and boost their portfolios. Some of the features include spot and margin trading, leveraged...
Yes, you have to pay taxes on crypto. Cryptocurrencies are treated differently in each jurisdiction and understanding the details can be complex, so it is important to consult a tax expert before making any tax-related decisions. In general, cryptocurrency transactions are taxed just like any other asset, such as stocks and real estate. This means that the gain or loss from a sale of cryptocurrency is subject to capital gains tax. This applies to any cryptocurrency, regardless of the particular one being used. It also applies whether purchased...
Yes, you do have to pay taxes on cryptocurrency. The exact regulations and laws vary by country, but in general, revenue gained through cryptocurrency investments should be included in your tax return. In the United States, for example, the Internal Revenue Service (IRS) requires that individuals who earn over $600 from cryptocurrency transactions must declare such earnings on their taxes. This applies to income from trading, exchanging, and making payments with digital currency. The IRS considers cryptocurrency as property and thus any capital...
Cryptocurrency trading is becoming increasingly popular as more people become aware of the technology’s potential to revolutionize the global financial system. Crypto trading is the process of buying, selling, and exchanging cryptocurrencies such as Bitcoin and Ethereum. Traders use a variety of techniques and strategies to make profits and earn return on their investments. In order to begin trading cryptocurrencies, the first step is to create an account with a cryptocurrency exchange or trading platform. This will let you store your digital...
Yes, you can day trade cryptocurrency. Day trading refers to buying and selling assets over the course of one trading day, and closing out all open positions before the market close. In the world of cryptocurrency, this also applies and many traders frequently engage in day trading. The whole idea of day trading is to take advantage of the volatility of cryptocurrency prices. As you know, the prices of coins are constantly in flux and by day trading, one can attempt to capitalize on the right moment when the coin’s price is at its highest. Thus, if...
Crypto taxes is a complex concept that encompasses a variety of different regulations, rules, and requirements. Understanding how to pay taxes on cryptocurrency investments will help cryptocurrency investors prepare for tax season and maintain compliance with relevant regulations. First and foremost, it is important to understand that cryptocurrency income is typically taxed in the same way as traditional income. However, there are some important exceptions. It is important to understand the tax implications of cryptocurrency transactions before...