I intend on covering this in much greater depth in the near future but I wanted to give you guys a few tips here and now… Coins which I personally have invested in and which I feel could x 10 in 2018 are: Verge, Tron, Icon, Hempcoin, Sub, Cardano, Lisk, OmiseGo, DistrictOx and Siacoin.
While this may have been true two years ago, the space has changed considerably since then. More robust altcoins have popped up in the past year such as Ethereum that have a significant market cap. You can use tools like https://www.coinigy.com to aid your cryptocurrency trading. I would strongly advise against taking rules #2 and #3 literally.
If you are in Europe and in a country which participates in SEPA (Single Euro Payments Area), you are charged next to nothing to withdraw funds (€0.15 with Coinbase) which is great. The same goes for all sites which support SEPA. Kraken, for example, charges €0.09 for withdrawals.
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.
Insofar as cryptocurrency is a secretive plot from the “powers-that-be”, the “powers-that-be” are suicidal. The proliferation of honest money will not end well for them (or it certainly won’t do them any favors).
Fast-forward to today, and the market for alternative investments has grown exponentially. Cryptocurrencies have surged in popularity – thanks to the proliferation of financial technology (Fintech) that has fueled the adoption of non-bank financial products sought by investors, and powered by distributed ledger (blockchain) technology.
I have diversified into multiple different coins and my cryptocurrency portfolio is split into several tiers of investment. I have selected which coins to invest in with care and every coin is on this list for a reason. Some of these coins cost thousands of dollars a pop, others are mere cents.
“The ban did not stop them [Chinese investors] from buying cryptocurrencies. In the last few weeks, we have seen a lot of mainland customers opening up accounts at TideBit. They still want to play the game. I see a growing need in that they will come to Hong Kong or Singapore to buy cryptocurrency.”
Overall, in spite of the Chinese government’s efforts to completely shut down cryptocurrency trading and Blockchain-related projects, the demand towards Blockchain technology within the local market is continuing to increase, and large-scale conglomerates like JD.com could be interested in the development and commercialization of cryptocurrencies.
really bad day for me in trade altcoin. since bitcoin increases, altcoin prices decline unexpected. I stuck a lot on altcoin. even two weeks without earning it really bad. I hope bitcoin prices drop soon, so altcoin given a breather to increase.
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Margin Trading: You are allowed to use coins from peer-to-peer margin funding providers. This means, that you can borrow buying/selling power, but you need to allocate some funds (=margin) which won’t be accessible until you return the lent coins.
The reason is because they’re unable to disconnect his calls from his persona. They conflate two unrelated things. Whether he’s likable or not is utterly irrelevant. Personally I like the dude but that’s irrelevant too. Except people can’t and won’t see it that way.
Why? Because the people that didn’t cash out during the pump (called “bag holders”) don’t want to sell their coin at the bottom, at a much lower price. It goes without saying that if the price of a coin you’ve bought moves upward quickly, it’s best to cash out, back into Bitcoin. And If it’s a good coin that you want to invest in for the long term, make sure you buy back in after a dump. Sometimes it is better to focus on accumulating good coins rather than making more Bitcoin, because a good coin will always rise again.