Cryptocurrency is a digital and electronic form of money. The capital gains from these investments can be taxed similarly to traditional investments. However, there are also other ways in which your crypto investments can be taxed and classified. While the crypto tax rate can certainly be a draw for some, there are plenty of additional reasons people are [...]
Saving for your retirement is an empowering way to be sure you can maintain a good quality of life beyond your employment. Self-directed individual retirement accounts (IRAs) and 401(k) plans are among the most popular approaches to achieving that goal. The main difference between the two is that a self-directed IRA is opened and maintained by an individual, [...]
In the most basic sense, cryptocurrency is a virtual currency that people can use to make digital transactions, and that speculators and investors hold on to for their value. Just as one might buy and sell an asset on the traditional stock market, there are now online exchanges where people can buy, sell, and trade cryptocurrency assets. The [...]
Diversifying your retirement portfolio is a good way to mitigate risk and improve your returns on your investments. While most people tend to have some sort of retirement plan made up of a mix of conventional funds, it can be helpful to diversify your portfolio by adding in alternative assets. There are numerous kinds of alternative assets available [...]
Cryptocurrency has seen a historic rise to prominence over the last decade. In 2010, Laszlo Hanyecz famously spent 10,000 of his newfangled “bitcoins” to buy some delicious Papa John’s pizza. Since that day, which has since become referred to as “Bitcoin Pizza Day,” cryptocurrency has become a massive, multi-trillion dollar investment option. This is due to many different [...]
There’s no doubt some investments can be effective small-scale money makers. However, smart investors tend to consider the bigger picture. When you adopt a long-term investment approach, you can draw from a more sustainable income source. Nevertheless, it’s not necessarily an easy journey to embark upon. To pull it off effectively, you need to have a solid strategy [...]
A crypto mining rig is an expensive and sophisticated computer that does intensive computational processes to produce cryptocurrencies like Bitcoin or Ethereum. Mining rigs are used to create new coins by solving complex cryptographic problems that verify transactions on a blockchain — the decentralized ledger technology that underlies all cryptocurrencies. In the beginning, crypto mining was a simple [...]
Investment decisions should not be made in a vacuum, and investment success with cryptocurrencies hinges on your ability to read the market and its charts and parts. The Fear and Greed index is one way to make sure you consider the context of investor behavior when making market decisions. Cryptocurrencies have their own Fear and Greed index — [...]
Cryptocurrencies have enabled the rise of decentralized finance (DeFi) marketplaces in which monetary transactions are democratized. Compound crypto is a tool for further empowering these marketplaces. Compound is a protocol that integrates with DeFi networks so that people all over the world can borrow, lend, and save crypto. As a result, crypto owners have the potential to earn [...]
Cryptocurrency has been on the rise for the last decade. Popular coins and tokens like Bitcoin, Ethereum, Ripple, and Litecoin have turned small investments into life-changing sums, and increased trust in cryptography and blockchain have alleviated many investors' fears. People typically buy crypto as a long-term investment. Though crypto has huge growth potential, it’s usually seen as a [...]
