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The 5 Golden Rules Of Cryptocurrency Investing

The 5 Golden Rules Of Cryptocurrency Investing

Home Buying/Selling Cryptos The 5 Golden Rules of CryptoCurrency Investing The 5 Golden Rules of CryptoCurrency Investing written by CryptoCoinMastery July 9, 2017 When investing in cryptocurrencies, its important that you do so safely so you dont end up getting burned in the end. Weve compiled a list of the top 5 rules you should follow when investing in cryptos. I wish I knew of these when I first started, it would have saved me from losing so much! 1. Dont Invest Money You Cant Afford To Lose You are not buying bonds that give you a guaranteed return. The cryptocurrency market is volatile and it contains a lot of risk. If you have to take out a second mortgage on your house in order to buy a coin, DONT DO IT! Winning in this game comes down to being smart and fighting against the hype. I see so many traders throwing their money around because they think it is invincible. The crazy part about the cryptocurrency industry is that it is full of some of the most intelligent computer scientists out there. This also means that it is full of hackers that want to steal your money. You need to make sure to buy your coins through a reputable exchange and store your coins in a safe wallet . Protecting your coins is vital if you plan on trading. Do not buy into a coin that you do not understand. I wrote an article about ICOs and I talked about how millions of people are buying the hype of these get rich quick coins. You should never put your money into something that you do not understand. Although buying into an ICO might have its merits, some ICOs (like the EOS ICO) do not even give you a coin after you pay. You were basically donating to the tech company. Just be smart and do your research. Once you start becoming a more advanced trader, you are going to learn more about this Continue reading >>

Malta Proposes Rules For Cryptocurrency Investment Funds

Malta Proposes Rules For Cryptocurrency Investment Funds

Malta Proposes Rules for Cryptocurrency Investment Funds Oct 24, 2017 at 17:00 UTC|UpdatedOct 24, 2017 at 17:01 UTC The government of Malta is seeking public feedback on proposed rules for investment funds that focus on cryptocurrencies. The Malta Financial Services Authority (MFSA) has published a proposed rulebook , dated Oct. 23, that would govern how professional investment efforts solicit stakeholders, manage risks and govern themselves. The release, subject to further alteration after the consultation period ends next month, represents the latest step by the Maltese government to implement public policy changes in light of the technology. In statements, the MSFA said that its work could grow to encompass a range of investment fund types, explaining: "The MFSA is developing a rulebook to regulate Professional Investor Funds ("PIFs") which have the investment in virtual currencies as their investment objective. The MFSA is presently considering whether Alternative Investment Funds and Notified Alternative Investment Funds should also be allowed to invest in virtual currencies." The government said that it would accept input from potential stakeholders through Nov. 10, after it which is expected to audit the results and adjust the proposed rules accordingly. Ultimately, the regulator said that it was approaching the new ruleset from the perspective of investor protection. "The main proposals introduced within this new rulebook aim at safeguarding the interest of investors and the integrity of the financial market in the context of virtual currencies," the MFSA said in a statement. The full proposed rulebook can be found below: The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of e Continue reading >>

Counting Cryptocurrency Gains And Losses Without Running Afoul Of Irs Rules

Counting Cryptocurrency Gains And Losses Without Running Afoul Of Irs Rules

Counting Cryptocurrency Gains And Losses Without Running Afoul Of IRS Rules A collection of bitcoin tokens sit in this arranged photograph in London, U.K., on Tuesday, Jan. 9, 2018. Billionaire Warren Buffett said on CNBC that most digital coins won't hold their value. Photographer: Chris Ratcliffe/Bloomberg 2017 is viewed by many as the year of the crypto. However, with the increase in popularity and surge in value of cryptocurrencies, a significant number of cryptocurrency investors are now finding themselves in the uncomfortable position of trying to determine what, if any, is their tax liability attributable to their 2017 cryptocurrency transactions. The heightened level of taxpayer concern with correctly reporting the tax liability associated with their transactions can be directly associated to the John Doe summons the Internal Revenue Service (IRS) issued to Coinbase, one of the largest cryptocurrency exchanges in the United States. The IRS is concerned that many U.S. taxpayers may not be accurately reporting the gains or income they have generated from their cryptocurrency transactions. Since the majority of cryptocurrency transactions have likely resulted in significant gains due to the surge in value in most cryptocurrencies, coupled with the fact that the gains are likely short-term capital gains (subject to ordinary income tax rates) since the cryptocurrencies were likely held less than 12 months, the IRS has good reason to be concerned. As a result, in a petition filed November 17, 2016 with the U.S. District Court for the Northern District of California, the U.S. Department of Justice (DOJ) asked the court for a John Doe summons to be issued to Coinbase. The John Doe summons would require Coinbase to provide the DOJ with information related to all Bitcoin Continue reading >>

One Simple Rule To Help You Pick The Best Cryptocurrency Application Investments

One Simple Rule To Help You Pick The Best Cryptocurrency Application Investments

Im passionate about the cryptocurrency sphere and I aim to look for projects that wish to revolutionise and innovate. I hope you enjoy my articles! One Simple Rule To Help You Pick The Best Cryptocurrency Application Investments As a full time investor in the cryptocurrency space, I spend most of my time trying to find the next best investment and in doing so Ive come across many rules and opinions that I adhere to in order to pick what I believe to be solid cryptocurrencies. Some of these rules and guidelines I have written about in the past whilst others I have kept to myself. Often the main premise comes down to being cautious and calculative. Before we head into the rule (affecting applications, not protocols), lets think about the current market: 1) The market is saturated with new projects looking to solve problems, some problems already being solved by others This results in lots of undeserving projects gettingfunded. Were in a time where having a white paper and a brief website can result in funding that entrepreneurs and businesses wouldnt dream of receiving. In the crypto world we currently live in, buzz words win out over technology worthiness. The majority of investors are average people looking to get rich, hoping to have success that the likes of Ethereum, Neo and Bitcoin have had in the past. They invest their money with more speculation than solid fact and unfortunately this results in scams being prevalent and investor caution being thrown out the window. For the majority of people, they have no knowledge of market economics, investor ethics or business strategy and while cryptocurrencies have allowed the average person to get in on early investing, its also opened a trap fall for all those who dont know what theyre doing to lose all their money and no Continue reading >>

How To Invest In Cryptocurrencies: The Ultimate Beginners Guide

How To Invest In Cryptocurrencies: The Ultimate Beginners Guide

How To Invest in Cryptocurrencies: The Ultimate Beginners Guide Angel Investors, Startups & Blockchain developers... This guide explains how you invest in cryptocurrencies. Why should you invest in them? Which cryptocurrencies should you put in your portfolio? Where can you buy them, how can you store them, and how do you need to tax them? We try to give answers to the most urgent questions about investing in cryptocurrencies. Disclaimer before continuing: We are not a financial institution: All we are proving is educational material: Do not take this information as professional investment advice. Introduction: To Invest in Cryptocurrencies: The Ultimate Beginners Guide If you landed on this text, you might be already interested in investing in cryptocurrencies. Virtual or crypto currencies like Bitcoin and Ethereum are definitely by far the hottest investment product currently available. These immutable and exchangeable cryptographic token promise to become a hard and non-manipulatable money for the whole world. Their advocates see a future in which Bitcoin or other cryptocurrencies will substitute Euro, Dollar and so on and create the first free and hard world currency. Holding Bitcoin means to have a share in this venture. If Bitcoin ever replaces monetary reserves of central banks or becomes the dominant currency for international trades just to name two examples the value of one Bitcoin will be far beyond 10,000 Dollar. Buying and keeping cryptocurrencies is a bet on the success of this silent revolution of money. Its like a security of a large ecosystem. In the past, investors in cryptocurrencies have been ridiculously successful. Lets have a look at three charts, which show the price of Bitcoin, Ethereum and all cryptocurrencies combined. Since 2011, Bitcoin gen Continue reading >>

The Absolute Beginners Guide To Cryptocurrency Investing

The Absolute Beginners Guide To Cryptocurrency Investing

The Absolute Beginners Guide to Cryptocurrency Investing Angel Investors, Startups & Blockchain developers... References are made wherever possible. All statements are based on the authors experiences. I take pride in informing the public and helping as many as I can through sharing my experiences with my readers. That said, no one except you can take responsibility for your Cryptocurrency Investing decisions, so do think it through before investing. When I first started taking an interest in cryptocurrency I thought I was so lost in this huge sea of unknowns. Where do I start? What are the useful keywords to look up and keep in mind? What are the available helpful resources? This cryptocurrency investing guide is written so that in just 20 minutes, you would have a sense of what to expect of your upcoming crypto journey, and how to best go about starting it. Enjoy it, it might just be the most exhilarating ride of your life. As the tech literacy of the population increases, acceptance of crypto as a legitimate store of value follows, and it boomed. Titles along the lines of Bitcoin price hits new all-time high and Ethereum price surges are starting to perforate the general publics news feed. What we know for sure is that people who were once skeptical of Bitcoin and the technology behind it are slowly understanding and getting increasingly involved with crypto. As at the time of writing, the market cap of the entire crypto space is at 30.9 billion USD. It was 20 billion just four months ago. What would it be four months from now? Current Makeup of the Cryptocurrency Space You would have heard of Bitcoin and the altcoins. How this naming convention started was because back in the days of 2011, forks of Bitcoin appeared in the markets. The forks, or clones, each aspire Continue reading >>

South Korea Reveals Deadline For Anonymous Crypto Trading Halt

South Korea Reveals Deadline For Anonymous Crypto Trading Halt

South Korea Reveals Deadline for Anonymous Crypto Trading Halt Jan 23, 2018 at 08:30 UTC|UpdatedJan 24, 2018 at 02:20 UTC South Korea's financial watchdog has set a deadline for the barring of anonymous cryptocurrency trading accounts within the country. According to a new announcement from the Financial Services Commission (FSC), starting from Jan. 30, cryptocurrency investors in South Korea will have to use real-name bank accounts in order to continue trading. Once the rule comes into effect, investors can only deposit funds to trade cryptocurrencies if their name on the crypto exchange matches that on their bank account. The move comes as part of the financial regulator's push through a strengthened "know-your-customer" (KYC) compliance to curb cryptocurrency speculation. The FSC said in the release that the new rule is resulted from an inspection of domestic anonymous crypto trading accounts - assisted by six domestic banks, as well as the Financial Intelligence Unit - from Jan. 8-16. In addition, the official announcement also established an anti-money laundering guideline for cryptocurrency exchanges, which outlines situations where exchanges should stay alert to potential illegal activity. "Specifically, for users to make virtual currency transactions more than 10 million won per day or more than 20 million won for 7 days when depositing and withdrawing funds, this is the type of financial transaction you suspect for money laundering." The new rule also appears to have a wider affect on foreign nationals who had been using cryptocurrency exchanges in South Korea through a virtual bank account. As the FSC's announcement pointed out, minors and non-citizens will be restricted from the new name verification service. So far, three major cryptocurrency exchanges in S Continue reading >>

Cryptocurrency Regulation In 2018: Where The World Stands Right Now

Cryptocurrency Regulation In 2018: Where The World Stands Right Now

Cryptocurrency Regulation in 2018: Where the World Stands Right Now If 2017 was the year of the ICO, it seems as if 2018 is destined to become the year of regulatory reckoning. Things have already begun to heat up as countries around the world grapple with cryptocurrencies and try to determine how they are going to treat them. Some are welcoming, others are cautious. And some countries are downright antagonistic. Here is a brief overview of how 15 countries/unions from various regions are treating cryptocurrency regulations. The United States, at the time of this writing, has no coherent direction on its cryptocurrency regulation other than that there will be some soon . The Securities and Exchange Commission (SEC) has warned investors of cryptocurrency investing risks, halted several ICOs and hinted at the need for greater cryptocurrency regulation. The Commodity Futures Trading Commission (CFTC) became the first U.S. regulator to allow for cryptocurrency derivatives to trade publicly, then organized meetings to talk about possibly changing the rules for cryptocurrency derivatives clearing (one of the meetings was postponed due to the federal government shutdown). Secretary of the Treasury Steve Mnuchin has indicated a preference for minted fiat currency over cryptocurrency. Speaking on January 12, 2018, at the Economic Club in Washington, D.C., Secretary Mnuchin warned those in attendance that he and other regulators were looking into the possibility that cryptocurrency could be used in money-laundering activities. The secretary then announced to the group that the Financial Stability Oversight Council (FSOC) had formed a working group to explore the cryptocurrency marketplace and that he hoped to work with the G20 to prevent bitcoin from becoming a digital equivalen Continue reading >>

Establishing Ethical Guidelines For Marketing Cryptocurrencies

Establishing Ethical Guidelines For Marketing Cryptocurrencies

Vijay Chattha is the chief executive and founder of the public relations firm, VSC PR . The marketing of cryptocurrencies and Initial Coin Offerings (ICOs) is currently operating like the Wild West. From Ethereum to Litecoin to Neo, there are over 1,300 offerings in the burgeoning crypto market, and people like James Altucher are here to profit off the confusion. However, change is afoot. Facebook banned advertising of ICOs and cryptocurrencies, Google just joined suit and even Twitter is attempting to rein in the fraudsters. We need to establish what regulations must you follow to avoid liability and what ethical guidelines should the industry establish on its own to foster trust and legitimacy. The Cryptocurrency Regulatory Landscape in Flux So far, the U.S. is taking a cautionary approach to regulating cryptocurrencies and ICOs, issuing more statements than clear-cut regulations. This Coinbase article on ICO regulation summed up the governments confusing approach well: Be careful. ICOs are risky and dangerous. Its possible that a token, depending on the circumstances, might not be a security, but it probably is. If the token resembles a security, again on a case-by-case basis, then you need to follow existing securities regulation for an ICO. So, an ICO may be a security and governed by securities laws. Or maybe it isnt. This lack of clarity poses risks for everyone from investors to entrepreneurs to marketers of running afoul of the law. Moreover, it poses questions of ethical duty: What rules should we follow? Should government put regulations in place? There are many experts in the crypto industry that bemoan any mention of regulation, as the markets frequently react negatively to them. The anti-regulation sentiment is strong among Bitcoin investors, too. A recen Continue reading >>

South Korea And Crypto Regulations, Explained

South Korea And Crypto Regulations, Explained

South Korea and Crypto Regulations, Explained If you still dont get what happened in South Korea, take a look at this. If you still dont get what happened in South Korea, take a look at this. Bitcoin,South Korea,Cryptocurrencies,Government,Tradings,Investments,Markets How large is South Koreas influence in the crypto world? It is believed that after the U.S. and Japan, South Korea is the worlds largest market for cryptocurrencies. The population of South Korea is no more than California and Arizona put together, but it is the huge involvement of their numbers that to a large extent, dictates the value of cryptocurrencies worldwide. The speculation of cryptocurrency seems to have been irrationally overhyped and the government of South Korea now wants to take steps to curb the crypto craze in the country. How does South Korea sway cryptocurrency prices? The Blockchain Industry Association has estimated that South Korea has more than a dozen cryptocurrency exchanges, including Bithumb , Korbit and Coinone. This means that even in a country with fewer than 50 million people, the demand for crypto is such that cryptocurrencies have traded at prices more than a 30 percent higher than other countries. According to a study , 80 percent of South Korean investors have profited from investments in cryptocurrency. Over one-third of salaried Koreans have an average of $5,000 in crypto - a huge adoption of an untested investment vehicle based solely on speculation. So whats been happening in the South Korean crypto market? Theres been a lot of build-up to the turmoil that we currently see in South Korea. It all started with the South Korean government officially legalizing Bitcoin service providers to facilitate payments, transfers and trades back in July 2017, causing significant g Continue reading >>

Invest In Bitcoin: A Guide For Beginners (2018) - Unblock

Invest In Bitcoin: A Guide For Beginners (2018) - Unblock

Now that youve learned how to invest in bitcoins and you got your first bitcoins youre probably wondering what to do next? First, accept that youre new (supposedly) to the cryptocurrency investing game. That means youll have to do a lot of research in both the cryptocurrency world and learn the basics of investing. As with anything you invest your money in, you want to know what youre doing. Consistent updates on the latest cryptocurrency news and trends is a must. The crypto world is novel and unpredictable, technology is moving at lightspeed, and you better keep up with it. We recommend that you follow few of the top crypto news sites daily (including ours) and keep up with the price changes on Educating yourself in the ways of Investing is an investment in itself. You can start by familiarizing yourself with the fundamentals on investopedia.com, and from there you can move to more complicated stuff like reading books on fundamental investing and technical chart analysis. Im not a financial advisor nor an expert in investing, so take everything I say with a grain of salt. That being said, take everything you read and see on the Internet with a dose of skepticism and critical thinking. The Market is a stochastic environment and to believe that anyone in this world can predict market movements with absolute certainty is foolish. But this doesnt mean that you shouldnt follow the experts in the industry to keep yourself updated on their reasoning. Do your research and follow various crypto investors, day traders, software developers, owners of crypto businesses, exchanges and core developers on Twitter/Facebook and other sources. Read what theyre thinking to use your own head. Nobody is right 100% of the time. 3. Take care of the safety of your investment If youre not go Continue reading >>

Japan Unveils Guidelines For Allowing Initial Coin Offerings

Japan Unveils Guidelines For Allowing Initial Coin Offerings

South Korea , which last year banned the practice, citing fraudulent fundraising and excess speculation. The report also avoids clearly identifying ICOs as financial securities, a point which the Securities and Exchange Commission in U.S. has argued makes some ICOs fall under strict securities laws. ICOs are groundbreaking technology, so if we can implement good principles and rules, they have the potential to become a new way to raise funding, said Kenji Harashima, a researcher at Mizuho Research Institute. Whats an ICO? Like an IPO But With Digital Coins: QuickTake Q&A The study groups general adviser is Takuya Hirai, a member of the ruling Liberal Democratic Party and an architect of last years law that legalized cryptocurrency exchanges. The group also included Yuzo Kano, head of the nations largest bitcoin exchange bitFlyer Inc., and members from the nations largest banks Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc. It was led by Toshifumi Kokubun , a professor at Tama University in Tokyo. The report says ICO issuers should clearly lay out how raised funds, profits and assets will be distributed among owners of tokens, equity and debt. It also calls for project plans to be tracked and changes documented. Cryptocurrency exchanges should define and adopt industrywide standards for listing ICOs and insider trading should be prohibited, the group said. The ICO Business Research Group proposes the above principles as the minimum principles that should be satisfied at this time, the report said. To enable ICOs to be used safely by a wide range of issuers and investors and to be accepted well in the society, more detailed rules may be required. Read more about regulatory trouble at the worlds largest ICO exchan Continue reading >>

G20 Watchdog Focuses On Rules Review, Holds Fire On Cryptocurrencies

G20 Watchdog Focuses On Rules Review, Holds Fire On Cryptocurrencies

G20 watchdog focuses on rules review, holds fire on cryptocurrencies LONDON (Reuters) - The global watchdog that drove through a welter of banking and market reforms after the financial crisis said it will pivot more toward reviewing existing rules and away from designing new ones. The Governor of the Bank of England, Mark Carney, speaks to the Scottish Economics Forum, via a live feed, in central London, Britain March 2, 2018. REUTERS/Peter Nicholls The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies, also resisted calls from some G20 members to regulate cryptocurrencies like bitcoin. Interest in cryptocurrencies surged last year as prices rocketed only to tumble in recent months, triggering warnings from regulators. But in a sign of too little consensus for radical action, the FSB said more international coordination was needed to plug data gaps in monitoring the rapidly evolving but still tiny sector worth less than 1 percent of global GDP at its peak. The FSBs initial assessment is that crypto-assets do not pose risks to global financial stability at this time, FSB Chair Mark Carney said in a letter to G20 central bankers and finance ministers who will meet in Buenos Aires on Monday and Tuesday. Carney, who stands down next year when his term as governor of the Bank of England ends, signaled that whoever succeeds him would be overseeing a more open watchdog focused on reviewing rules instead of pushing through new standards. As its work to fix the fault lines that caused the financial crisis draws to a close, the FSB is increasingly pivoting away from design of new policy initiatives towards dynamic implementation and rigorous evaluation of the effects of the agreed G20 reforms, Carney said. A man walks past an Continue reading >>

A Beginner's Guide To Investing In Bitcoin And Other Cryptocurrencies

A Beginner's Guide To Investing In Bitcoin And Other Cryptocurrencies

A Beginner's Guide to Investing in Bitcoin and Other Cryptocurrencies By Jacob Weindling | December 1, 2017 | 10:22am While you normies were enjoying Thanksgiving, those of us who have pledged loyalty to our new digital deity were losing our collective minds. The entire cryptocurrency market shot up to all-time highs across the board, seemingly thanks to the fact that South Koreas second largest bank tested bitcoin wallets, an influx of new cryptocurrency investors join the market every day, plus the expectation that a bunch of big money will enter the market when the hedge fund CME and the NASDAQ add bitcoin futures in the coming months. I mean, look at this year-to-date bitcoin chart. This is nuts. We are definitely in a bubble. But you can still make money in bubbles. The phrase used by those of us who have jumped in on this supposed rocket ship is moonward, and given the angle of that bitcoin chart, it feels like were at least in the troposphere. It seems like its impossible to lose money in crypto right now, which creates FOMO (fear of missing out) that has surely fueled this astounding rise. There will no doubt be a proportional correction to this wild rally (and some of it has already happened), so buying right now may not be the best move (I am not a financial advisor nor a cryptocurrency expert, so consider this my legal disclaimer that you should obviously not mortgage your house because some guy on the Internet wrote a thing). Bitcoin is now one of the 30 or so largest currencies in the world, and it looks to be dragging several other cryptocurrencies up along with it. Despite all this progress, cryptocurrency is still in an incredibly early stage. While bitcoin may look expensive at around $10,000 per coin, thats a bargain compared to the $55,000 per coin t Continue reading >>

Cryptocurrency News - Investing.com

Cryptocurrency News - Investing.com

Bitcoin fever exposes crypto-market frailties By Reuters-2 hours ago By Jemima Kelly and Anna Irrera LONDON/NEW YORK (Reuters) - As bitcoin raced to another record high on Tuesday, one of the biggest providers of digital currency wallets, Coinbase,... Ripple Up 138% Since Monday, Litcoin and Ether Also Exploding Bitcoin is not the only ultimate answer, gains in Ripple, Litcoin & Ether will blow you away. These alternative coins are attracting more investors based on real fundamental Titanium infrastructure is a blockchain enabled cloud services provider that intends to collaborate with businesses to mitigate inefficiencies inherent in the digital world. AdBank wants to Fix Advertising by Empowering Advertisers and Publishers The Adbank Network hopes to completely disrupt digital advertising by transforming advertisers and publishers from passive victims to active participants Federal Reserve Chair: Fed Doesnt Really Play Any Regulatory Role in Bitcoin In her valedictorian press conference, the first woman Fed Chair took no fewer than three bitcoin-related questions from the press! Bitcoin Cash Price Eyes the $2,000 Target as Bitcoins Struggle Becomes More Apparent With all cryptocurrencies surging in value right now, a lot of people are making solid money without lifting a finger. That is also one of the most popular aspects about ... Cryptojacking: Some Websites Are Using Your CPU to Mine Monero | Four popular streaming sites with nearly a billion visitors each month have uploaded mining software onto visitors' browsers. German exchange takes its cue from CBOE and CME Group. When the Music Stops: Price Support and Liquidity After the Token Sale Ends 4NEW answers the question "How can a company offer price support and stability to a coin post-ICO without a conventional Continue reading >>

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