Profitable Investing Tips
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.
Next Set of Crypto Risks
As token prices fell, crypto businesses that bet everything on crypto always going up went bankrupt. Then we discovered that many in the crypto center were committing fraud in attempts to stay afloat. And many crypto exchanges are still not paying close enough attention to who is transferring money via their services. Now the Biden Administration is looking at the next set of crypto risks.
Will AI Give Us a Smarter Metaverse?
One of our concerns as the Metaverse has taken shape has been that it could just turn out to be place with realistic images but no substance. Now we see impressive advances in artificial intelligence. We ask ourselves; will AI give us a smarter Metaverse?
Chinese Stock Prospects for 2023
A common issue was that while the Chinese economy grew exceptionally well, it could be difficult to pick the right Chinese stock due to incomplete or inaccurate reporting for financials. Then Covid hit and China went into a protracted lockdown and has only recently emerged. What are Chinese stock prospects for 2023 now that the country is back to work?
FTX Mess Gets Worse and Worse
At least that was the story until prosecutors began to dig into the actions of Sam Bankman-Fried going back even before FTX started to get into financial difficulties. Now, as Bankman-Fried has trouble shutting up and investigators are digging deeper, the FTX mess gets worse and worse.
Crypto and the Coming Recession
Measures of inflation, it turns out, are not doing as well as expected and the Fed is likely to keep raising rates rather aggressively. It may well be time to consider crypto and the coming recession.