So, you’ve finally decided to start your cryptocurrency trading career, and you’re already thinking about how you’re going to spend your millions. There’s no doubt that cryptocurrency is an exciting market for investors, but unfortunately, success doesn’t happen as easy as that.
In all seriousness, cryptocurrency trading can be risky business.
Yes, it’s true — some people have made lots of money.
However, some people have lost lots of money too.
For those of you who are interested in learning about cryptocurrency trading, I’m here to help you get started. This beginners guide is going to show you everything you need to know.
First, I am going to give you some background information on when cryptocurrency trading began.
So you’re thinking about leaving your job and becoming a full-time day trading cryptocurrency expert? Well before you do, I think you should read my guide first!
Day trading cryptocurrency isn’t for everyone and there is a lot to consider before you get started. In fact, it is estimated that almost 95% of all day traders eventually fail.
In my “Day Trading Cryptocurrency” guide, I am going to tell you everything you need to know.
Cryptocurrency tax policies are confusing people around the world.
This guide breaks down specific crypto tax implications within the U.S., but similar issues arise in many other countries.
Cryptocurrencies like Bitcoin have gained significant popularity over the past few years and into 2019. This rise in popularity is causing governments to pay closer attention to the asset. Recently, we’ve seen the IRS release new cryptocurrency tax guidance and start sending thousands of warning letters to non-compliant cryptocurrency investors. The question everyone is asking: How is cryptocurrency handled for tax purposes?
According to official IRS guidance, Bitcoin and other cryptocurrencies should be treated as property for tax purposes — not as currency.
A man uses the Bitcoin ATM in Hong Kong, Friday, May 11, 2018.
Bitcoin is the world’s most popular…
Such currencies are not tied to a bank or government and allow users to spend money anonymously. (AP Photo/Kin Cheung)
Regardless of what you’re investing in, buy and hold can be a robust investment strategy over time. This applies to cryptocurrencies as much as any other tradable asset.
The wild-west of the investment world.
There’s no denying it, the cryptocurrency markets can be a volatile place. The value of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin skyrocketed back in 2017,
plummeted in 2018, and have seen a jagged-edged rise in their value during 2019.
Making sure you have a proper, well-thought-out strategy is crucial if you’re ever going to make a profit for trading digital currencies. In this article, we’re going to give you a rundown of the top do’s and don’ts when it comes to trading crypto.
You leave the house.
You want to travel to the beach, but have no idea how to get there.
So, you start your engine and being aimlessly driving without looking at maps, road signs, or asking the guy walking his dog with a newspaper under his arm.
Anyone who is remotely interested in learning about crypto has taken part in some form of trading. As it gets more and more mainstream attention, newer players want to enter the market and get their slice of the crypto pie. So, to help those people enter this exciting market, we have created this “Cryptocurrency Trading Guide.”
In this guide, we are going to take you through all the steps in order for you to become a crypto-trader. We will be going through the following sections:
So, you have some money that you want to invest. How are you going to go about it? The portals which connect our world to the crypto-worlds are called “exchanges.” There are a lot of exchanges out there, however, before you choose to invest in one, there are certain things you need to look out for.