If you’re interested in altcoin investing then you are in luck as there is no shortage of cryptocurrencies to choose from. In the last decade, the cryptocurrency industry has exploded from a single (bit)coin to now over 10,000 different cryptocurrencies. With all this choice and new coins added daily, the altcoin investor is faced with an important question — Where do you start and how do you find the best investment?
One method would be to look for trends or patterns that exist within the top 100 cryptocurrencies by market capitalization and then extend those patterns to emerging coins. For instance, an interesting anomaly that exists within the Top 100 cryptocurrencies is the seemingly disproportionate number of exchange tokens that have reached impressive market rankings (such as the Binance coin, Huobi token and KuCoin). …
Have we so soon forgotten as little as 5 years ago the media painted Bitcoin and cryptocurrencies in a negative light. In the early days Bitcoin was associated with the Silk Road, illegal transactions and drug trafficking.
We seem to have forgotten these shady days now as the world looks to cryptocurrencies and blockchain technology as the foundational pillar for many of our industries. As financial institutions, Fortune 500 companies, developers and investors immerse themselves in this new technology, don’t we have the right to know the truth behind Bitcoin’s origin story?
Maybe if we take a closer look at the facts and information we have in front of us, the picture may become clear…but not what many may want to see. …
For all the technical sophistication and intelligence gone into the masterminding and development of Bitcoin, it baffles the mind why the community continues to reinforce the use of bad synonyms and metaphors in the description of the operation and function of Bitcoin.
It’s the usage of these old, archaic and in many cases simply wrong terms that reinforce confusion among new users to cryptocurrency.
Cryptocurrency is very unique in form, function, and impact on society and as such, this technology deserves it’s own terminology to reflect this.
Let’s talk about a simple yet important perspective for the valuation of any currency; cryptocurrency or fiat for that matter.
This valuation method begins first with understanding an important meaning lodged neatly within the definition of the word cryptocurrency - a subtle definition that has unfortunately been lost on many investors.
Taking a closer look at the word cryptocurrency, we see it’s a compound word - that is, two smaller words combined to make a new word with its own meaning:
There is an important relationship between Bitcoin and Altcoins most cryptocurrency investors and speculators don’t give enough attention too.
The Altcoin Echo Effect may just be a fancy way of bringing attention to the correlation and between altcoin and bitcoin prices.
December 17th, 2017 marked the highest recorded price for bitcoin of approximately $19,783. This was a period of hope, joy, and excitement for the cryptocurrency and blockchain community. To the moon was the sentiment of many investors and then out of nowhere, the seemingly impossible happened.
The price began to tumble…
After a 3 day sit-in at the Hong Kong Airport, protestors en mass overwhelmed the airport today causing the airport to shut down.
Often considered the “Holy Grail” of cryptocurrency, stable coins promise to provide price stability in the highly volatile and unpredictable cryptocurrency markets. Stable coins are often touted as the gateway cryptocurrency to worldwide mass adoption (both by consumers and financial institutions).
At the core of the argument whether Bitcoin (or cryptocurrency in general) can be considered money is whether it is a store of value.
The last 10 years has clearly proven cryptocurrency is a medium of exchange. However, in order to fulfill the definition of money — it also needs to be a store of value.
I feel like I might have accidentally ruined my life because I didn’t know about the taxes— Reddit User
Cryptocurrency trading in 2017 reportedly left one Reddit user with a $50,000 debt to the IRS, which he says he’s unable to pay according to his March 14 Reddit post.
This is just one of many stories where individuals are only now learning their Bitcoin and cryptocurrency trading activities have resulted in very large and serious income tax implications.
According to the IRS, cryptocurrency is treated as property; not currency.
This means that each and every cryptocurrency transaction triggers a “taxable event” which may be considered as either ordinary income or generate a capital gain/loss (depending on the type of transaction). …
Warren Edward Buffett is a legendary investor who ranks among the worlds richest people. He has amassed a personal fortune in excess of $62 billion and in 2008 was ranked #1 in the Forbes World’s Billionaires list.