Profitable Investing Tips
Why Is a Banking Crisis Good News for Bitcoin?
The dust may or may not have settled for a banking crisis. Meanwhile Bitcoin rose to its highest value against the US dollar since June of 2022, 9 months ago. What is going on in the banking world? Why is a banking crisis good news for Bitcoin?
Can You Trust Decentralized Finance With Your Money?
Today the traditional financial network is undergoing a crisis of confidence that started with the collapse of SBV (Silicon Valley Bank), the 16th largest bank in the USA. Can you trust decentralized finance with your money? Will decentralized finance be spared the pain of the banking confidence crisis or be pulled into it?
US Debt Default and Your Investments
If the US has defaulted on its debts the government will not be able to step in and lend a hand. If that were to be the case, we could be looking at another Great Depression. The connection between a US debt default and your investments would be such that many would lose substantial portions of their portfolios.
Why Invest in Cryptocurrencies?
At the end of 2021 the crypto world was counting profits and believing that the sky was the limit. At the beginning of 2023 investors are asking if they will ever get their money back from failed crypto businesses. Why invest in cryptocurrencies today?
Will the Banking Mess Spill Over into DeFi?
Will the banking mess spill over into DeFi as well? Although crypto fell across the board on the news of bank closures Bitcoin, Ether, and Coinbase stock have all rallied afterward.
Long Term Bonds as an Investment Trap
The bank believed that interest rates would remain low for the indefinite future and purchased long term bonds. Now we can see long term bonds as an investment trap in an inflationary period when the Federal Reserve is steadily raising interest rates.
When Wash Sale Rules Apply to Crypto
When wash sale rules apply to crypto, traders will not be able to sell their crypto tokens to take a tax loss and then immediately repurchase the same amount of tokens. Eliminating Bitcoin wash trading will also get rid of something that has been distorting Bitcoin trading by giving the impression of more market trading volume than there really is.
What Is a Bitcoin IRA?
Money earned by an investment within the IRA is also not taxed until the money is removed from the IRA. It turns out that you can use this vehicle with cryptocurrencies like Bitcoin as well. So, what is a Bitcoin IRA and how does it work?
Are Inflation Adjusted Stablecoins Safe?
Now there is a version of the TIPS in the crypto world in stablecoins. TIPS are secured by the US government. Are inflation adjusted stablecoins safe?