When it comes to cryptocurrency, you might be wondering what actually makes it as valuable as it is. The idea behind why sometimes it is worth more than other times really is very simple. It is all to do with supply and demand. If there is an increase and diversity in people wanting cryptocurrency at …
Wash sales occur when you sell an asset at a lower price than you paid for it. This is often done to reduce tax liability or to take advantage of a short-term capital gain. A wash sale occurs when you sell an asset for less than its purchase price. If you purchased bitcoin for $10,000 …
One of the things that you’re going to want to know when committing to a cryptocurrency platform, is how easy it is to withdraw your funds. Binance is one of the most popular platforms around at the moment, allowing users to easily exchange or manage their cryptocurrency with a slick user interface and a lot …
Contrary to what it sounds like, crypto markets aren’t a physical place. It’s not like you can go into Walmart and say ‘I’d like to buy 3 crypto plz?’ All cryptocurrency trading, buying it, selling it, and even loaning it, is done on the internet via cryptocurrency exchanges. Exchanging crypto has a lot of similarities …
Shorting, also known as margin trading, is a strategy to make money using crypto. It’s a strategy that comes with its risks, like any trading strategy, but the win is well worth it. Kraken, one of the most popular crypto exchange platforms, is very supportive of the shorting/margin trading strategy and even has some great …
When it comes to the cryptocurrency market, there’s a lot of money to be made. Provided you know how. And the how has been a very closely guarded secret up until now. But don’t worry, there’s no need for animal sacrifices or occult spells to figure out the mysticism behind making money with crypto. All …
Suppose you are someone that does not have a lot of financial experience. If you are trying to take your first steps into cryptocurrency it can be pretty tricky to understand how everything is in the world. There is a ton of research and learn on this topic which can make the whole process seem …
Kraken is a cryptocurrency exchange founded in 2011. The company has offices in San Francisco, New York City, London, Hong Kong, Tokyo, Singapore, and Sydney. Kraken offers trading services for bitcoin and other altcoins. You can start depositing funds using bank transfers or credit cards. If you want to use a debit card, you’ll need …
Dollar-cost averaging (DCA) means investing a fixed amount of money each month. You might invest $100 per month, or you might invest $200 every two months. DCA helps reduce risk because if your investment goes down, you will not lose everything, just some of it. If it goes up, you still get the benefit of …
