Five Things Every Investor Should Know about Bitcoin
Amid global economic instability and financial crisis, investors are becoming increasingly aware of Bitcoin and its advantages over traditional forms of assets and money. Although many investors remain wary of Bitcoin’s fluctuating price, there are five major aspects of Bitcoin which every investor must know about. 1. High Liquidity. Bitcoin has significantly high liquidity in regions and countries with well-established Bitcoin infrastructure and regulations. Countries like South Korea, Taiwan and Switzerland offer higher liquidity than most assets and, sometimes, even credit cards due to....
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Investing in crypto can be rewarding but also incredibly stressful — especially when things aren’t going too well. At the time of writing, Bitcoin is down over 20% in the past week after an incredible run. It’s fair to say that things can be… up and down. So it’s a good idea to take the stress off one’s shoulders. Let’s call it ‘investor delegation.’ Some are investing in things like Grayscale, and letting institutions do […]
Breaking down what we know (and don’t know) about nonfungible tokens and their current (and possible) taxations. 2021 will be remembered as the year of nonfungible tokens (NFTs). In a year where names like Beeple and Bored Ape Yacht Club dominated the headlines, it’s estimated that NFTs have generated more than $23 billion in trading volume.The rise of NFTs has ushered in a new generation of investors who spend time scouring platforms like Discord and OpenSea looking for the next 100x opportunity. However, it’s important for the NFT investor of today to keep tax implications in mind.....
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned about cryptocurrency, stating that “if and when all our money is on our computer, it’s going to be government money.” Nonetheless, he noted that his wife invests in crypto.
Jim Rogers’ Crypto Warning
Famed investor Jim Rogers shared his view about cryptocurrency in an interview with Bloomberg, published last week. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management.
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Speaking on CNBC's 'Squawk Box', investor and publisher of The Gartman Letter Mr. Dennis Gartman isn't quite feeling so bullish on bitcoin. Speaking about his preferred investments, Gartman wasn't shy about denouncing bitcoin, saying he's avoiding investing in the digital currency totally. "I want to own the things that if I drop them on my foot will hurt," he said, speaking about his investments in things like aluminum and coal. "So, very simple things that go into long-term economic-". "Like bitcoin?" the program's host asked. "Not like bitcoin. I will avoid bitcoin like the plague," he....
While nearly every investor is confident the code behind The DAO alone is well worth the investment, that alone should not be the main reason to participate in this crowdsale. Despite the overwhelming success of The DAO so far, a lot of people are still unable to wrap their head around the concept. However, the project has attracted thousands of investors around the world, which is a feat that should not be ignored. But does the idea make enough sense to every investor to justify the involvement? Making Sense of The DAO As An Investor. One of the more prominent risks of crowdfunding is how....