More than a decade after Bitcoin’s introduction, there is still considerable confusion about its taxes. The cryptocurrency was conceived of as a medium for daily transactions but it has yet to gain traction as a currency. Meanwhile, it has become popular with speculators and traders interested in making a quick
In the world of cryptocurrency, bounty programs are used by coin developers to incentive actions before the initial coin offering (ICO). An ICO is the crypto equivalent of an initial public offering (IPO), and it’s used for the exact same purpose: to raise funds. A bounty program essentially gives out
Bitcoin claims that “it is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. That lack of central authority is the primary reason governments are afraid of cryptocurrency. To understand this fear, it is important to know a little bit about governments
Japan declared Bitcoin an official currency in 2017, and since then, the cryptocurrency market in the country has taken off like wildfire. U.S. investors interested in forex trading have yet another currency pair available to them. But considering how new the field is, there is still plenty of opportunity for investors and
One of the safest methods for forex trading is trading with the big picture in mind. The big forex picture takes into account all of the information available for a currency pair. Such big-picture information includes things like the interest rates in both countries, the functions of each country’s economy, and the current
What is the future of banking, central banking and financial intermediation in a world in which cryptocurrency is dominant? Let’s speculate a bit, with the proviso that no one can fully anticipate how these markets will evolve. We can find hints in the speech by IMF head Christine Lagarde at a Bank
A leak in the customer database of the maker of the crypto-cold store wallet maker Ledger puts over a quarter of a million Bitcoin and Altcoin investors at serious risk. Some had their accounts emptied, while others were at extreme risk of harming their families and homes. The situation sheds
Every trade requires an exit, at some point. Getting into a trade is the easy part, but where you get out determines your profit or loss. Trades can be closed based on a specific set of conditions developing, a trailing stop loss order or with the use of a profit
No matter how much investment research is done or how selective we are, many of our trades will be losers. It is for this reason that we need to control risk on every trade. Unfortunately, we don’t automatically know if it is going to be a winner or loser (otherwise, we would
Key to the execution of successful buy and sell orders is the identification of support and resistance areas on the charts. Cryptocurrencies are highly volatile assets. That means that there is a wide difference between the lowest and highest prices for any particular trading day; a lot more than many