Profitable Investing Tips
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?
Fallout from Meta Layoffs
Meta hired perhaps more people than it needed during the pandemic so some cost cutting was probably in order. Now we are concerned about the fallout from Meta layoffs in terms of its various divisions and especially in terms of its position in development of the Metaverse.
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?
Investing When Inflation Is Over 4%
However, when inflation is below 4% stocks work as a hedge and above 4%, they tend not to. Thus we have to think about investing when inflation is over 4% in a different light than when inflation is more moderate.
Most Profitable Cryptocurrency in 2023
The best performer in 2022 was GMX that went 111% as the rest of the crypto world collapsed. It was followed at a 92% gain by Trust Wallet Token, and LEO which “only” lost 3% on the year! The question now is which will be the most profitable cryptocurrency in 2023.