Hi.
i didn't traded so much of my crypto for FIAT so i didn't dealt with that question yet.
however i think it's an issue need to be dealt with.
1. do you use accounting services?
2.if so, do you keep documentation of all traded or bought coins?
3. what do you do in cases of profit from ICO's
WHAT SHOULD I DO??
Earning profit from cryptocurrency is very simple by picking an exchanger and waiting for the drastic changes in the market in order to multiply your coins, the transaction fee's will compensate for the taxes and that is already considered for you to be legally earning profit. |
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With the recent hack, I assume a lot of people will switch to something else, what do you think?
I still recommend using a hardware wallet over the safety benefits though.
Myetherewallet is trusted by everyone who are trading in the market and this is the best wallet to hold your coins today because most of the traders did not get any problem in the past regarding to this wallet that holds their coin. |
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This "ICO" phenomenon is overhyped. This creates a lot of speculations that drive people crazy. People just buy and sell without researching and leads to their downfall. I hope you'll find another area in which you can succeed.
Yes, there are a lot of new ICOs every day, and that will make us panic and lazy to learn about the projects. But anyway in 2018, I still see that ICO projects will be able to continue to make a lot of money I just hope that it will be very honest and transparent projects. Unfortunately, many people decided to quit ICOs as they met a lot of scammers. I am very sorry for it. There is no way to determine if the ico is an honest proejct or a scam but you can always check the platform if it was reliable or not because the transparency of every developer will determine the project if it is reliable or not. |
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Hey guys, i need some suggestions and opinions about this.
In my own opinion, the only factor that can affect the price of bitcoins in the market in a very hard way is fud because sometimes there are bad news that is spreading on a country which changes the mind set of every trader to sell their coins more than holding it. |
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Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
Actually, cryptocurrency is one of the reason why there are a lot of people who can cover up their financial problems but it has a disadvantage on the government because they will not place money on the banks and government will lose a huge amount of funds since they are getting it from the taxes. |
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A lot of people now days jumping and investing in the cryptocurrency industry.
If you are not investing in crypto, where do you else invest?
Property ? normal crowdfunding? give your input
I am planning to invest on real estate if i have a decent amount of capital because the price of a lot is increasing each year but first thing that i will do is to save money from the profit i earn by investing on cryptocurrency. |
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I am fairly new to the crypto world. During my short time, I have contemplated how crypto will go down over the next few years.
Slowly, over time more regulations will be adopted worldwide. This is not because regulators are scared that people are getting scammed, but because they will start limiting this world from us small fish so the banks and "qualified" investors can tke over. All the large banks will then push their own crypto, and we will be left with nothing.
In my opinion, it is in our best interest to gain enough profit so we will have the funds to become qualified investors, and be able to re-enter the markets through the banks exchanges.
What does everyone else think? Do you think the big fish will continue allowing us to do trading long term, or are our days numbered?
Cryptocurrency will go long term because of different people who are still interested on investing in the market, in that way cryptocurrency or bitcoins will still have the chance to grow back after a few months, banks will just be neglected because people hate to pay taxes that is going straight to the governments pocket. |
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For me I want a good news, and never want to hear any bad news. But bitcoin now will definitely in the stage of dumping, but that's OK it's only a part of circulation, when it's not going to pump it's surely goes down.
It is a bad news that bitcoins is in a stage of dumping but at the same time, there is also a good news which you can invest a huge amount today while the market price is dumping so do not lose hope on the market. |
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Is there first if bitcoin Will incur rise? After a few weeks of downtrend, is this a good time to add investment to bitcoin?
It's right on the dip, or still There will be a second, third or even worse dip?
Give your opinion on this.
Thanks
The price of bitcoins today is currently decreasing and i believe that it was the right time to invest because there are a lot of people today who are selling their coins because of some fud spreading on other countries, investing today is the right choice to earn more profit after a few months when the market goes back to normal. |
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In the study of economics, Investment mean any addition in physical stock as well as stock of finished goods, or you can say any putting money in anything for the motive of profit.I want to know your opinion that what are main challenges for small investors in any type of business now a days, If he/she has nothing after his investment?
The only struggle for starting a small capital is to earn a small profit as well because the amount of investment you purchase is also the percentage of how much profit you will be going to earn from holding the coin or trading in the market. |
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I'm agree with most part of it but not about "not following NEWS" , Fundamental NEWS are important whether you like it or not , We can put our head under snow or we can see a bit forward , for example if a coin or token is delisting from Bittrex and you have that coin or token in bittrex and don't know it,You may completely lose that coin or token!
yes, you are right. fundamental news sometimes can be our guide to make a decision and no matter what is the news, we can get prepared for the next thing that will happen. and if there is any news about coin or token is delisting from the exchange, it will make people become panic and you can get something that will useful for you. In my own opinion, the best information you can get in order to make the right decisions will be coming from the speculations of different professional crypto analyst because most of the news are just fud that is spreading to different countries and it is affecting the price of the market in a negative way like decreasing just what is happening today. |
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Are there a lot of hackers now in the crypto's world ? I mean, it a place not totally safe, because of it's quit new. Do you think hackers can change the crypto economy for their own benefit ?
The market price is keep on increasing and the is very tempting, hackers are everywhere today and they work very hard to penetrate the wallets, that is the reason why the security of a wallet or exchanger is very important in order for your coins to be safe. |
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Omg I just checked on the price and it suddenly took a leap from 8.8k to 9.3k$.
People predicted it would reach 10k$ by year end ,what are your predictions ,any new trading strategy you have come up with?
The strategy you need to do will be depending on the state of the market, the price today is very low and the only way for you not to lose a huge amount of profit is to hold your coins or invest even more since the prices in the market is still decreasing. |
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Tell us or me what your trading strategy is
I do small gains on large dips but that's a risky move, sometimes I climb the mountain when the price rises or when news opens up.
I'm curious what others do to gain money.
Investing a huge amount will also lead you to a huge amount of profit but if you only have a small amount of coins that you are holding then just expect to have a small amount of profit as well, buying and selling at the right time is the only way for you to earn a huge amount of profit in the market. |
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What tools are you using to manage your daily trading? Which strategies are working best?
Multi tasking is the best thing to do if you want to have more income monthly or daily, i have a day job and after i am out on the office then i am focusing on trading while on my way home, in this way i can have small profits that i can add up to my monthly salary. |
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In the Bitcoins we don't have exact time,day,month and year for the proper time to buy and sell but you need to br watchful everyday, everytime because sometimes like a air will spread once , so the value of coins will going up and going down, if your investment of coins is enough to sell then go ahead, if the value will so high that's your time to sell it . and when the time to buy, if the value of coins is very low so its time to invest, time to buy. take courage to do whatever you are thinking to do.
yes you are right, the profit you will earn will be always depending on the season because supply and demand will always be depending on the investors who are affecting the prices in the market just the same as your profit. |
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Bitcoin is taking a huge plunge!
Are you guys selling to be safe, or still hodl in the hope it will go up again?
Just hold your coins today since the market price is dumping and do not sell it at the lowest price because you will just making the situation worse and the market price will keep on decreasing if you will sell your coins as well. |
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1. Blockchain has a long way to go to be a practical solution
Businesses will not miss the opportunity until the technology demonstrates its scalability. However, this can not be proven in the real world until the companies make the leap and produce a concrete result, not an experiment. Moreover, not all industries will benefit from blockchain, while other industries may face a costly and time-consuming conversion process so they choose blockchain over a network. now available.
2. Too easy to join
The real concern with a low barrier to participation is that there is no way to ensure that this technology will not become obsolete for several months. This is another reason why businesses have not implemented blockchain technology. Why invest in a blockchain while only a few months later will have a better blockchain next generation? Replacing and upgrading can be costly and time consuming.
3. Very few tangible means value of crypto.
One of the biggest misconceptions with digital currency is its mass acceptance of tokens, meaning that they are successful. Unfortunately, using a virtual currency does not necessarily generate revenue or profit for developers behind the token. Furthermore, blockchain technology tends to hold long-term potential values, not the token itself. Therefore, buying into a token that does not actually acquire ownership in the base blockchain does not make sense to the investor.
4. Tax situation is a nightmare
Investing in the crypto algorithm means that you need to track the increase and decrease in capital for each transaction. Even using your token to purchase goods and services will also serve as a taxable service, in line with the Tax Administration's tax guidelines.
Those terminologies are good but the first thing to deal with is the fear of losing profit, the reason why most of the people in the community are avoid cryptocurrency is because they thought it was a scam but if they knew the truth and how the market trading works then everyone will join this industry. |
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I'm in a fix! I took a quick loan to invest in a certain business that went really nasty. Used my only car as collateral. I only have less than a month to repay. In a nutshell, I need $5000 in less than 30 days. Got only $200 remaining. I know this is quite challenging but...I'm desperate. Any ideas on how to grow my $200? Cheers!
Trading in the market will make you multiply your coins but before doing that, try to search for a coin that fits your capital like ethereum coins or any altcoins that you can invest in a lower price and from there you can start trading daily. |
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Hello Everyone
I'd like to share some trading tips for beginners.
When I start investing on cryptocurrencies I only use few dollars.First time I have invested 0.008btc (6400ETN)on Electroneum ICO.And when electroneum gets listed on cryptopia I sell my ETN at 0.00001200sat each ( 0.0768BTC) My money was doubled many times over.So after I sold my 6400ETN at 0.0768BTC I bought some undervalued coins like XLM,XVG,XBY,DGB.I diversify my porffolio for each of them.So far I have earn a lot from these coins multiples times.I bought XLM at 300sats,XBY at 250sats,XVG at 200sats and DGB at 150sats.See much profit I get now.But I'll suggests it's safer for beginners to hodl.Buy and Hodl.I hope my tips could help for beginners.
Thank You,
____________
qmclak
Using a few dollars does not matter because if you are really a great trader then you will know when to invest or sell your coins, the reason why most of the traders in the market who are holding a huge amount of coins are just like throwing up their money, is because they cannot take the pressure when the market prices are dumping and they sell their coins at the lowest price. |
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