Newsbits2022-05-05T10:21:22-07:00
Apr30, 2022

What’s the Difference Between a 401(k) vs. a Self-Directed IRA?

Categories: Investing 101|

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 [...]

Apr30, 2022

Crypto vs. the Stock Market: Which Is Right for You?

Categories: Crypto 101, Investing 101|

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 [...]

Apr30, 2022

5 Ways To Diversify Your Retirement Portfolio

Categories: Investing 101|

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. [...]

Apr30, 2022

The Pros and Cons of Online Crypto Trading

Categories: Crypto 101|

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 [...]

Apr30, 2022

5 Best Long-Term Investments

Categories: Investing 101|

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 [...]

Apr30, 2022

What Is a Crypto Mining Rig?

Categories: Crypto 101|

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. [...]

Apr30, 2022

What Is the Fear and Greed Index?

Categories: Investing 101|

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 [...]

Apr30, 2022

Strategies for Day Trading Crypto

Categories: Crypto 101|

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 [...]

Apr30, 2022

What Is Staking?

Categories: Crypto 101|

Staking is the process by which a crypto network validates transactions on a secure distributed database called a blockchain. Traditionally, each block in the chain requires a significant amount of computation to validate and maintain security. The staking system reduces this by randomly selecting several validators — otherwise known as [...]

Apr30, 2022

Crypto Charts and How To Read Them

Categories: Crypto 101|

Understanding the basics of cryptocurrency is essential for any trader or investor looking to develop a solid strategy for increasing their return on investment. However, many people find it challenging to fully understand crypto investing — including crypto charts and how best to read them.  Simply put, a crypto trading [...]

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