Coinome is created by Crypto Currency enthusiasts and research experts who have been developing payment and banking solutions for nearly a decade. Our vast experience in handling such secure, near real-time transactions have helped us build Coinome as a secure, robust and highly available solution to our customers.
I am not a tax advisor. This is a simple overview of what I keep in mind as I trade. My accountant handles my taxes, and I advise you to get an accountant to do the same. Keep in mind that this is US-centric. You need to double check if this is the case in your country.
This is not enough thou, as this is not secure enough it needs more information to keep it save. The currency units need to be timestamped and properly processed to make them more stable and harder to copy.
1st thing, you should always expect that something could go wrong with a trade and therefor you always size your entry so that it wouldn’t hurt you too bad. Buy no more than 25% of your account in one position. That being said, if you learn to read charts, you will almost never have a bad trade, therefore on the rare occasion when it does turn the wrong way, you wont mind just taking the small loss and jumping into the next trade without hiccup. But yeah I will cover these topics in some videos, I’m writing a note right now, thanks for your topic suggestions. And Thank you very much for the vote!!
Predicting what will happen next in the crypto market is usually a fool’s errand — the price of bitcoin just vacillated from a little more than $11,400 down to under $7,000 and back up to $10,200 over the course of a month.
For myself, and most crypto traders, the goal is to increase the amount of Bitcoin we own. I don’t care about the US dollar, at least not directly. When I look at the price of a cryptocurrency, I look at it in terms of BTC. For example, right now the price of 1 ETH (Ethereum) is 0.049 BTC. My trades are based on that price, not the fact that 1 ETH is $304.
I try and keep on top of crypto news through Reddit and Bitcointalk, but there’s plenty I miss. I like cryptocointraders.ORG because it fills in those gaps. First trade earned me more then a year subscription costs.
Cardano (ADA) is a fully open-source, decentralized, public blockchain and cryptocurrency. Cardano is very similar to Ethereum, and the team wants to build on that. Cardano aims to operate a global smart-contract platform which will deliver much more advanced features compared to its competitors. Loads of existing investors are excited because Cardano is the first blockchain founded on scientific philosophy, and also the very first provably secure proof of stake algorithm.
Bitcoin is here to stay. But the world of virtual currencies is getting crowded with many other “altcoins”. There are over 100 types of cryptocurrency that sell for more than $1 USD, according to CoinMarketCap. Even more are in penny-stock range, but I don’t recommend trading them right now.
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Judging by the bitcoin trading volume, HitBTC is one of the most popular bitcoin exchanges that offers a broad spectrum of altcoins. Although it is a well-established exchange, they do not provide information about the country they are based in. Nor did they provide sufficient details about the hacking incident that occurred early in 2016 and affected their clients’ accounts. HitBTC only offers banking services to major market makers and institutional investors; they are not registered as a payment provider. Nevertheless, the exchange provides trading of 150+ different coins while traders who provide liquidity by placing their own asks and bids are paid a highly competitive 0.01% rebate. For more in depth analysis, read our review.