The nation’s largest cryptocurrency exchanges such as Coinone and Bithumb were raided by police and tax agencies this week for alleged tax evasion. The raids follow moves by the finance ministry to identify ways to tax the market that has become as big as the nation’s small-cap Kosdaq index in terms of daily trading volume.
Please note that Pure Investments, nor any other groups I participate in or actively contribute to, are not pump-and-dump groups, they are legitimate communities of cryptocurrency enthusiasts and traders. I WOULD NEVER join or give any pump-and-dump groups the time of day, nor would I ever recommend standing within 50 meters of one unless you like the smell of your own burning flesh. The reasons why are numerous and off-topic. You can DM me on Twitter or comment below if you want more detail.
You have to recharge. You don’t need to catch every damn run. Go out. See the trees, listen to the birds, play with your kids and your pets. In short, do the things that matter in life. The markets will be waiting for you when you return.
Goldman Sachs says blockchain technology “has the potential to redefine transactions” and will “change everything”. But anyone who claims to fully understand how blockchain works, and is not named Satoshi Nakamoto, is probably lying to you. And anyone who claims to be Nakamoto himself, is probably also lying to you. Fortunately, just like the internet, you don’t need to know how blockchain works to use it.
Isn’t there something out there in place to protect my potentially fake investment? Truth be told, you are sort of out of luck. You see, most of these ICO coin tokens are designed in a way that marks them as ‘software presale tokens.’ So essentially, your ICO coins are no different than a video game token that you bought before it launched. The main reason many developers choose to address their new currency in such a way is to avoid paying all the expenses that come alongside legal sales. In a similar matter, a developer of a newfound cryptocurrency might choose to say that his or her investors are ‘donating’ coins to their cause and what not. So while this is completely acceptable and falls under the same reasoning for why Bitcoin was invented in the first place, to decentralize and stop all the crazy fees that go into making these investments happen, it’s still relatively questionable.
You should then sell when the first candle moved below the contracting range of the previous several candles, and you could place a stop at the most recent minor swing high. It’s simple, straightforward and effective.
Hi, I’m Michael and my area of expertise is forex and binary options trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.
According to legend, Satoshi Nakamoto started to work on the Bitcoin concept in 2007. While record shows that he was living in Japan, it is speculated that Nakamoto may not, after all, be a single individual but a collective pseudonym for more than one person. On 15 August 2008, Neal Kin, Vladimir Oksman, and Charles Bry filed an application for an encryption patent application.
As an alternative to Bitcoin, every altcoin was developed to improve or replace Bitcoin’s technology in different ways. Previously, altcoins were no more than Bitcoin clones. Altcoins initially improved Bitcoin’s hashing algorithm, transaction speed, and distribution method by a narrow margin.
BitMex – BitMex is a trading platform was founded in 2014 by three experts who have significant experiences in both the traditional financial markets and in the cryptocurrency world. They apply a maker-taker trading fee structure, with even offering a 0.025% rebate as maker fee. The exchange doesn’t charge any fees for deposits or withdrawals apart from the transaction fees on the network. BitMex is one of the exchanges with the widest spectrum of trading services offered in the world with the many different order types. The interface is designed nicely, but it can be overwhelming for newbies. In most of the cases, only experienced users will manage to find their way around the website. The website is relatively fast and responsive, at it looks good on mobile platforms as well.
I don’t quite understand you, Your saying the tax trade event laws only apply to exchanges but not for traders? That makes absolutely no sense. Law still exists whether you disclose them or not. That will be for you to decide on how you plan to do your taxes but I do recommend those understand crypto tax trade laws in detail so you know what your getting yourself into. So far people on here have very little knowledge of tax laws or feel taxes don’t apply to them when they absolutely do.
Don’t evade taxes. You might be trading on an exchange that doesn’t report to the IRS or you might want to take advantage of the lack of regulation in the space. As the market cap of crypto increases, be sure that the IRS is going to find out how to get their slice. And they will look into the past.
There are crypto traders out there who sell subscriptions to their private groups where traders are given signals on buys and sells, and discuss their trades. I am a member of one, and while they provide a good insight I know, it isn’t for me. The same people are there all the time; I wonder if they even sleep, stressing about entry points, exit points, break even stop losses and so on. They high five on good trades and cry through the bad ones.
As others have said you risk losing money, but in addition unless you are really good at it you won’t make more than someone who just holds. And you end up creating more taxable events and never to long term capital gains territory.
BitFlip is a multi-cryptocurrency exchange with fiat to crypto trading. Based in Russia and Thailand, and also incorporated in Hong Kong, the exchange can process USD, EUR and RUB deposits/withdrawals.
The spread of BTC/USD is intuitively bigger than the one of USD/EUR, since the market is less liquid. There is no rule of thumb, but you should expect that the spread is at least 10 times bigger in the crypto world!
Hey Friends This is a re-reupload. I was not allowed to write swear words. I hope you will give IT A BIG LIKE, and support this chart again due to its educational purpose! Thank you, my friends This is an educational chart about the Psychology of a market cycle. Every market is determined by people’s feelings. In this chart I have illustrated how people tend …
With a Lombard loan, you can seize market opportunities at the right moment, reorient or optimize your security portfolio without needing to inject new liquidity. Thanks to attractive conditions and interest rates, Lombard loans are a particularly advantageous financing solution.
“We believe now is a great time to offer an institutional-focused lending service because it will increase general liquidity in the marketplace, encourage new financial institutions to participate in a two-sided market and increase the working capital that companies use to scale their digital currency-centric businesses,” Genesis Capital said in a press release.
Absolutely no! C.A.T. is a personally compiled jar (Java8) file. So all you need is to install java 8 SDK on your desktop, laptop or VPS and run cat.jar. You can even run C.A.T. on with default config to have profits.
But as a price goes down it also can go up tremendously. This creates thou the fear of a bubble which will make the price eventually crash. People that cashed out before a crash are the lucky or well, educated ones and make enormous amounts of money.
Once you’ve verified your identity and connected a payment method, you’re ready to buy cryptocurrency. Click over to the Buy/Sell page any amount of the coin of your choice. Note, for trading purposes I recommend BTC or ETH — as I’m not aware of any LTC markets.
Personally, I have a high tolerance to risk and have invested in some coins which other traders find baffling – I was widely criticised amongst my crypto buddies for investing heavily in Ripple and Siacoin (although both paid off big time).
As we’ve explained before, this is a cryptocurrency trading strategy that can be used trading all the important cryptocurrencies. Actually, this is an Ethereum trading strategy as much as it’s a Bitcoin trading strategy. If you didn’t know Ethereum is the second most popular cryptocurrency (see figure below).
Options transactions may involve a high degree of risk. Please review the options disclosure document entitled the Characteristics and Risks of Standardized Options available through https://about.robinhood.com/legal or https://www.theocc.com to learn more about the risks associated with options trading.
Not only exchange locations but exchanges abilities to keep their trading functionality working is also another factor when looking at their volume. Binance, for example, recently stopped its trading services to update its systems. During that period, volumes were obviously completely down, however now they’re back, they sit second for the highest volume in the last 24 hours according to coinmarkepcap.com.
The report indicates that Pan is now seeking collaboration from both central and local authorities to investigate and subsequently block any domestic or foreign platforms that allow investors in China to participate in cryptocurrency trading.
TIP: There are a few sides to cryptocurrency. 1. you can trade and invest in it, 2. you can use it for transactions (anywhere a coin type is accepted), 3. you can break out a graphics processing unit and some software and mine coins (see how to mine coins). Those are all valid and interesting, but with that in mind, this page is focused on “trading” cryptocurrency (and therefore also investing in it). With that said, even if you want to do the other things with cryptocurrencies, you still need to be set up for trading.
I don’t know. Applying the same metrics used above to $ETH it does pretty well, but not as well as Bitcoin. But there are clear risks and as a result I am underweight in Ethereum compared to its share of the global Cryptoasset Market Cap.
Robinhood, an app that allows users to track and trade stocks for free, has finally made its move into the crypto market. The app is rolling out a new service that allows users to trade 16 different cryptocurrencies, including bitcoin and Ethereum, with no extra fees.
Hey Will. Thanks for the helpful guide! I’ve just gotten into crypto and found this info extremely useful. Just a question regarding how you keep your alt coins safe. As far as I can tell, you can’t keep many of these alt coins on a Trezor hard wallet, so do you just use something like My Ether Wallet instead? Cheers mate! Here’s to a cracking 2018!!