Phrase: Bitcoin investering 8 month
| Best hard money lenders for first time investors |
| BITCOIN INVESTORS DIES UPDATE |
| Money making schemes for 12 year olds |
Bitcoin investering 8 month - consider, that
Seven rules of cryptocurrency trading for new investors
1. Don’t take very big bets
The phenomenal returns given by some cryptos in the past one year are mouth watering. Rs 10, invested in Dogecoin six months ago is now worth Rs lakh. But don’t get carried away by these numbers. “Invest only what you are willing to lose,” says Vineet Nanda, Co-Founder of Globalise. Even if you have a high risk appetite, start tradingwith small amounts. “Don’t put more than 2% of your overall portfolio in cryptos,” advises Vikram Subburaj, CEO, Giottus CryptocurrencyExchange. After you get familiar with the arena, read up about various coins and understand their value and prospects, before you allocate more.
2. Be ready for extreme volatility
Investing in cryptocurrencies is the best way to learn about them. But it is a high-risk high-reward game and you must be able to digest very high volatility. As the May crash showed, an overnight fall of % is also a possibility. Keep in mind that even a bluechip like bitcoinis down 48% from its April high of Rs 50 lakh. “Enter this market only if you can stomach extreme variations and the implications of an investment going wrong,” says Prableen Bajpai, Founder, FinFix Research and Analytics.
3. Use trustworthy platform
The cryptospace is not regulated in India and new outfits are mushrooming every day. Though the Supreme Court has struck down the RBI ban on cryptos and the government has hinted that it will follow a calibrated approach towards regulating the industry, investorsneed to be careful when choosing the intermediary. “Invest through an established and trustworthy platform so that your money does not get stuck if there is a regulatory setback or the promoter company goes under,” says Vineet Nanda, Co-founder, Globalise. Keep in mind that investing through an overseas platform may require greater compliance on the tax front.
Also read:Why this crypto market correction is healthy
4. Don’t act on tips without verifying
The crypto space suffers from a severe lack of credible information. Investors are dependent largely on unverified information on social media. Self-styled crypto analysts create whatsapp groups packed with their accomplices who vouch for their accuracy. These analysts trap gullible investors, first by charging a fee for the tips and then using them for their pump-and-dump operations. “As a rule, you should verify the information before you invest,” says Raj Khosla, Managing Director, www.oldyorkcellars.com “Check the market cap and trading volumes of the coin. A low market cap and insignificant daily volumes are obvious red flags,” he says.
5. Focus on bluechips
Like the stock markets, the crypto market also has bluechips, mid-caps and penny coins. Don’t get tempted into buying obscure coins just because you can get a lot of them at a low price. Bigger coins may be costlier but are more stable. In any case, you can buy in fractions so don’t worry about the price. Bitcoin is the bluechip of the crypto space and drives the overall market sentiment. “Focus on the bluechip coins like Bitcoin and Ethereum, with some of your money in emerging counters like Dogecoin and Matic,” says Gaurav Garg, Head of Research, Capital Via. Widely held coins with large market capitalisation are less likely to be manipulated than coins that are closely held by a few people, points out Nanda of Globalise.
6. Keep abreast with global developments
Even though you may be buying and selling in India, the crypto market is spread across the world. Any global development can impact prices, so one needs to be abreast with what is happening in key markets like the US, Singapore and Europe. “The crypto tax in the US was one of the reasons for crypto prices falling in May,” points out Manish P. Hingar, Founder, Fintoo. An alert investor will not get caught on the wrong foot. It helps that crypto trading is 24x7, so one can act immediately unlike stock markets where one has to wait for trading to open the next day.
Also read:The cryptocurrency craze: Should you invest?
7. Don’t ignore the tax
Last but not the least, don’t ignore the tax payable on the income from crypto trading. “Even though cryptocurrencies are not specifically mentioned in the Income Tax Act, income in any form from any source is taxable unless specifically exempted under the act,” says Archit Gupta, CEO of tax filing portal Cleartax. Cryptos are not considered currency by the RBI, so they must be treated as capital assets. “There is no judicial precedent but it can be assumed that cryptos will be treated as capital assets,” says Homi Mistry, partner at Deloitte India. This means short-term gains will be added to income and taxed at normal rates while long-term gains will be taxed at 20% after indexation. “A lot depends on the volumes and frequency of trading, which may lead to the income being treated as business income,” says Mistry.
( Originally published on Jun 14, )
How to save tax for FY )
Download The Economic Times News App to get Daily Market Updates & Live Business News.
ETPrime stories of the day
The first week of hasn't been kind to bitcoin, as the cryptocurrency lost 11% of its value in mere days and finished this week at about $42, — down almost 40% from its all-time high last fall.
Analysts closely watching crypto said the Federal Reserve's hint at raising interest rates sooner than expected caused many investors to sell off their bitcoin holdings and turn toward safer investments. Other digital coins including ethereum and ripple also plunged this week, down % and 9%, respectively.
That's par for the course in the ultra-volatile crypto market, with investors expecting the big swings to continue in
"It's part of the game," Ryan Firth, a financial planner with Mercer Street Financial, told CBS MoneyWatch. "You've got to hold on tight and go in with eyes wide open. You could see 80% declines in a matter of a few months."
For investors, marked an action-packed year for of cryptocurrency. Bitcoin saw its price top out at $69, in November, while ethereum notched a record high of $4, in October.
In a sign of crypto's growing importance, a number of major retailers began accepting the currency as payments. Some athletes and politicians began receiving parts of their salary in crypto, while Wall Street created exchanged-traded funds around crypto futures.
As the price of bitcoin, ethereum and others skyrocketed, crypto companies made splashy moves. Coinbase went public on the Nasdaq last April and www.oldyorkcellars.com aired a commercial featuring Hollywood star Matt Damon.
In perhaps the biggest move to date, the crypto world capped with www.oldyorkcellars.com buying the naming rights to the Staples Center in Los Angeles and renaming the sports stadium www.oldyorkcellars.com Arena in a $ million deal.
"We will see even more crypto companies going public in than we saw in and several of them will have valuations of more than $5 billion," blockchain analytics firm Arcane Research predicted in a research note.
Arcane also seems more crypto ETFs on the horizon, offering investors a way to test the waters while limiting the downside.
Don't look down
Still, investing in digital currency "is not for the faint of heart," warned Firth, who personally invests in crypto while advising his clients to put no more than 5% of their portfolio in such a volatile asset. Some days an investor will see tremendous gains, but "you still have to prepare for that sudden drop of more than 50% in a matter of a week or so," he said.
Andrea Hardison, a project manager for a technology consulting firm in Nashville, said she expects huge price swings in crypto in just like last year. But Hardison, who started buying crypto last April, still plans to continue pouring more money into hex, bitcoin, solana and ethereum, noting that some of her bets have already doubled in value.
Robert White III, a workforce development case worker in St. Louis, is similarly unfazed by the rollercoaster crypto market. White, a bitcoin owner, said he plans to have a portion of his paychecks taken out directly to purchase cryptocurrencies.
"My approach will be consistent and steady," said White, who bought his first bitcoin in when it sold for $1, "I'm hoping for three times growth of what I've invested, but crypto is so volatile that it can go so many different ways within a day."
Trending News
Khristopher J. Brooks is a reporter for CBS MoneyWatch covering business, consumer and financial stories that range from economic inequality and housing issues to bankruptcies and the business of sports.
A crypto wallet shows an investor made an $8, shiba inu coin purchase last year. Today, it is worth $ billion.
Matthew Fox
- A crypto investor bought about $8, worth of shiba inu coins in August
- Just over a year later, the $8, trade has morphed into a value of about $ billion.
- Shiba inu coin is up more than 7 million percent since its debut in August
In what's being dubbed the greatest individual trade of all time, a crypto investor turned about $8, into about $ billion by buying trillions of shiba inu coin shortly after it debuted.
The series of trades began in August , when the investor bought about 70 trillion shiba inu coins, according to their associated crypto wallet. Shiba inu coins began trading on August 1, , and the investor took note that day and made their first shiba inu purchase, buying about 70 billion coins.
About the time of the investor's $8, purchase, shiba inu coins were trading at about $ Today, the cryptocurrency is trading at about $, which represents a swift month gain of more than 7 million percent.
The crypto wallet now owns more than 13% of the total supply of shiba inu coin, which has a total circulating supply of trillion coins, according to CoinMarketCap.
Shiba inu's unlikely rise has catapulted the meme-inspired cryptocurrency to a total market valuation of nearly $45 billion, eclipsing dogecoin and becoming the ninth most valuable cryptocurrency as of Thursday morning.
The move higher has been a head-scratcher for many investors who see shiba inu coin as nothing more than a joke based on another cryptocurrency known as dogecoin, which itself was created to make fun of other cryptocurrencies like bitcoin and ether.
Whether the 70 trillion shiba inu coin holder will be able to liquidate their holdings without tanking the price remains to be seen, but for now, they're holding.
Read more:A year technical strategy veteran shares 5 altcoins near or at week highs that are about to break out — and explains why the 4th quarter is 'a very positive time' for bitcoin
Keep reading
Your Market View
| NAME / PRICE | + / - | % | DATE |
|---|
Square, Inc. Invests $50 Million in Bitcoin
Oct 08,
SAN FRANCISCO, CA – October 8, – Square, Inc. (NYSE: SQ) announced today that it has purchased approximately 4, bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of
“We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” said Square’s Chief Financial Officer, Amrita Ahuja. “As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on that journey.”
Square has previously invested in bitcoin from a product, leadership, and legal innovation perspective, and today adds this financial investment. The company launched bitcoin trading in with Cash App, which enables the buying and selling of bitcoin. In , the company formed Square Crypto, an independent team solely focused on contributing to bitcoin open-source work for the benefit of all, and also recently launched the Cryptocurrency Open Patent Alliance (COPA), a non-profit organization encouraging crypto innovation and opening access to patented crypto inventions.
Square has open sourced documentation to articulate the process behind the execution of its purchase as others consider similar strategies. The whitepaper can be found at www.oldyorkcellars.com
About Square, Inc.
Square, Inc. (NYSE: SQ) builds tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in-person, manage their business, and access financing. And individuals use Cash App to spend, send, store, and invest money. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain, and the UK.
Media Contact
press@www.oldyorkcellars.com
Julius Dein is the most popular social media creator in thew world. He has tens of millions of followers across various platforms and earns billions of views per month. Julius is also an incredibly intelligent business man who understands the business behind content better than most.
In this conversation, we discuss growing social channels, earning billions of views per month, making videos go viral, scaling a content team, building an eight-figure business, and why Julius is excited about bitcoin.
=======================
BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. To start earning today visit: www.oldyorkcellars.com
=======================
Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. www.oldyorkcellars.com
=======================
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle is also a principal developer of USD Coin (USDC), the fastest growing, fully reserved and regulated dollar stablecoin in the world. The free Circle Account and suite of platform API services bridge the gap between traditional payments and crypto for trading, DeFi, and NFT marketplaces. Create seamless, user-friendly, mainstream customer experiences with crypto-native infrastructure under the hood with Circle. Learn more at www.oldyorkcellars.com
Bitcoin investors: From buying a Bentley to losing it all
By Zoe Kleinman
Technology reporter
Bitcoin has soared to trade at an eye-watering $48, (£34,), following the news that Tesla has bought $bn of the crypto-currency.
Enthusiasts will tell you it's the future of money - but investing in the notoriously volatile virtual currency can be a rollercoaster, and it's not without risk. The hunt for new coins, using powerful computers, is also causing a surge in energy demand - which is not so good for the environment.
Here are some of your Bitcoin adventures.
'It paid for a holiday in Iceland'
James Saye, tech consultant
I first invested in Bitcoin in - I was nervous about putting too much in, so I went for around £
I cashed it in for £2, during one of its peaks, and had a great holiday in Iceland - the cash came in handy, Iceland is lovely but expensive.
I bought in again in when the price was lower so I'm still in but I don't regret cashing out when I did.
'It's part of my pension plan'
Heather Delaney, founder of Gallium Ventures
I've been the silent crypto-investor. I put in £5 at the very beginning and I've built it slowly and steadily over time. I see it as a long-term strategy, meaning the rapid highs and lows are not ones that cause me anxiety - although ask me as I near my retirement and we shall see what I think then!
Based on how much I have invested in Bitcoin over time versus what I see today, I have a % increase in my investment.
I've never cashed it out - but I have converted some to other currencies as the market has fluctuated.
I know loads of people who have done exciting things with their investments but for me it's part of my pension plan. I know I'm not typical.
'He didn't get a single penny back'
David Stubley, founder of 7 Elements cyber-security firm
We had a client whose Bitcoin wallet was fraudulently accessed and all the money was transferred out of it. He had intended to use it as a deposit on a house.
The man had been spooked by reports of fluctuations in the currency and decided to check his wallet. But he clicked on a fraudulent link, which led him to a phishing site, a complete clone of the real thing.
He had 84 bitcoins, and the fraudsters transferred 83 of them. At the time, in , they were worth $,
We tracked the payment on the blockchain [a kind of shared digital public ledger] - we could see it rolling across various wallets and finally it reached a wallet containing $15m of currency.
While the final identity of the fraudsters could not be identified, we were able to have the wallets frozen, so at least denying access to the stolen funds.
Our client was irate but philosophical. Today, that stolen Bitcoin would be worth £m.
Once it's gone, it really has gone.
'I bought a Bentley'
Javed Khan, independent trader
My Bitcoin journey didn't start as an investment. At first, it was a form of transferring money, I didn't have to wait for confirmation from banks and so on - it was convenient.
In , I noticed I'd make a transfer, leave some Bitcoin in my wallet and I'd see the prices go up - and before I knew it I was seeing profit, which surprised me. I had been telling my friends I was using it as a transfer tool, I hadn't thought about investing in it.
In January , I cashed in my Bitcoin profits and bought a Bentley in Dubai, where I now live. I sent a video from the showroom to my mum and she cried, she was really proud.
I would only put in money that I could afford to lose. The most I've lost is the transaction fees - when the price drops I don't lose faith.
I think the best time to buy Bitcoin is when nobody's talking about it - wait for the hype to die down.
'My electricity bill was A$ a month when I was mining Bitcoin'
Rohan Muscat, project manager and electrical engineer
I became aware of Bitcoin in , but being a bit of a hardware geek, I wanted to mine it. In late I bought a pair of graphics cards to mine, and at first I did pretty well with it.
A start-up I'd done some consulting for gave me some Horizon State tokens (another form of crypto-currency) to pay part of my way, and in January those plus my mined assets were worth A$40, (£22,).
I decided to trade it a bit, and investigated bots while moving to bigger scale mining.
At first it paid for itself, but then it went downhill and was borderline break-even. My electricity bill shot up to A$A$ a month, because the mining rig needed so much power.
I ended up selling the mining gear, and I'm currently sitting on about A$2, in crypto.
I could have made more if I'd jumped in and out, but the emotions and risks in trading have burnt me, and I'd rather not take the risk.
'Bitcoin helped me buy my house'
Daniel Crocker, business owner
In , I was doing an apprenticeship at an IT company. At lunchtime we used to chat about little ways of making money on the side. Nobody had really heard of Bitcoin but we decided to give it a go and we spent a few weeks on it.
It didn't last long, but luckily I kept hold of mine.
I traded them in last summer and got half the deposit for my house. I've still got a little bit but I'm just going to sit tight - it's not something I want to pin my future on.
I do know people who have gone in deep but I think I've been lucky enough already.
Finally, crypto is for everyone
Invest in cryptocurrency with Firi.
Bitcoin
+ %
BTC
, NOK
Ethereum
- %
ETH
26, NOK
Cardano
+ %
ADA
NOK
Litecoin
+ %
LTC
1, NOK
The Nordic region's largest cryptocurrency exchange
Everyone wants financial freedom and the opportunity to shape the future.
, Norwegians choose Firi to invest in cryptocurrency. What are you waiting for?
Safety, simplicity, engagement
We provide you with the tools and knowledge needed to manage your cryptocurrencies - regardless of the size of your portfolio.
Most importantly, we ensure safe storage of your cryptocurrency.
Kryptosparing
Are you saving money to travel? To buy a new apartment? A puppy? Or to retire? Start saving today with our new savings plan.
Invest a certain amount each month in your preferred cryptocurrency, and track the development of your investment.
Dedication to innovation
We long for a crypto world where everyone is welcome.
We therefore work continuously to create innovative solutions to make investing in cryptocurrency accessible and engaging for everyone.
Bitcoin investering 8 month - right!
Bitcoin investors: From buying a Bentley to losing it all
By Zoe Kleinman
Technology reporter
Bitcoin has soared to trade at an eye-watering $48, (£34,), following the news that Tesla has bought $bn of the crypto-currency.
Enthusiasts will tell you it's the future of money - but investing in the notoriously volatile virtual currency can be a rollercoaster, and it's not without risk. The hunt for new coins, using powerful computers, is also causing a surge in energy demand - which is not so good for the environment.
Here are some of your Bitcoin adventures.
'It paid for a holiday in Iceland'
James Saye, tech consultant
I first invested in Bitcoin in - I was nervous about putting too much in, so I went for around £
I cashed it in for £2, during one of its peaks, and had a great holiday in Iceland - the cash came in handy, Iceland is lovely but expensive.
I bought in again in when the price was lower so I'm still in but I don't regret cashing out when I did.
'It's part of my pension plan'
Heather Delaney, founder of Gallium Ventures
I've been the silent crypto-investor. I put in £5 at the very beginning and I've built it slowly and steadily over time. I see it as a long-term strategy, meaning the rapid highs and lows are not ones that cause me anxiety - although ask me as I near my retirement and we shall see what I think then!
Based on how much I have invested in Bitcoin over time versus what I see today, I have a % increase in my investment.
I've never cashed it out - but I have converted some to other currencies as the market has fluctuated.
I know loads of people who have done exciting things with their investments but for me it's part of my pension plan. I know I'm not typical.
'He didn't get a single penny back'
David Stubley, founder of 7 Elements cyber-security firm
We had a client whose Bitcoin wallet was fraudulently accessed and all the money was transferred out of it. He had intended to use it as a deposit on a house.
The man had been spooked by reports of fluctuations in the currency and decided to check his wallet. But he clicked on a fraudulent link, which led him to a phishing site, a complete clone of the real thing.
He had 84 bitcoins, and the fraudsters transferred 83 of them. At the time, in , they were worth $,
We tracked the payment on the blockchain [a kind of shared digital public ledger] - we could see it rolling across various wallets and finally it reached a wallet containing $15m of currency.
While the final identity of the fraudsters could not be identified, we were able to have the wallets frozen, so at least denying access to the stolen funds.
Our client was irate but philosophical. Today, that stolen Bitcoin would be worth £m.
Once it's gone, it really has gone.
'I bought a Bentley'
Javed Khan, independent trader
My Bitcoin journey didn't start as an investment. At first, it was a form of transferring money, I didn't have to wait for confirmation from banks and so on - it was convenient.
In , I noticed I'd make a transfer, leave some Bitcoin in my wallet and I'd see the prices go up - and before I knew it I was seeing profit, which surprised me. I had been telling my friends I was using it as a transfer tool, I hadn't thought about investing in it.
In January , I cashed in my Bitcoin profits and bought a Bentley in Dubai, where I now live. I sent a video from the showroom to my mum and she cried, she was really proud.
I would only put in money that I could afford to lose. The most I've lost is the transaction fees - when the price drops I don't lose faith.
I think the best time to buy Bitcoin is when nobody's talking about it - wait for the hype to die down.
'My electricity bill was A$ a month when I was mining Bitcoin'
Rohan Muscat, project manager and electrical engineer
I became aware of Bitcoin in , but being a bit of a hardware geek, I wanted to mine it. In late I bought a pair of graphics cards to mine, and at first I did pretty well with it.
A start-up I'd done some consulting for gave me some Horizon State tokens (another form of crypto-currency) to pay part of my way, and in January those plus my mined assets were worth A$40, (£22,).
I decided to trade it a bit, and investigated bots while moving to bigger scale mining.
At first it paid for itself, but then it went downhill and was borderline break-even. My electricity bill shot up to A$A$ a month, because the mining rig needed so much power.
I ended up selling the mining gear, and I'm currently sitting on about A$2, in crypto.
I could have made more if I'd jumped in and out, but the emotions and risks in trading have burnt me, and I'd rather not take the risk.
'Bitcoin helped me buy my house'
Daniel Crocker, business owner
In , I was doing an apprenticeship at an IT company. At lunchtime we used to chat about little ways of making money on the side. Nobody had really heard of Bitcoin but we decided to give it a go and we spent a few weeks on it.
It didn't last long, but luckily I kept hold of mine.
I traded them in last summer and got half the deposit for my house. I've still got a little bit but I'm just going to sit tight - it's not something I want to pin my future on.
I do know people who have gone in deep but I think I've been lucky enough already.
Julius Dein is the most popular social media creator in thew world. He has tens of millions of followers across various platforms and earns billions of views per month. Julius is also an incredibly intelligent business man who understands the business behind content better than most.
In this conversation, we discuss growing social channels, earning billions of views per month, making videos go viral, scaling a content team, building an eight-figure business, and why Julius is excited about bitcoin.
=======================
BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. To start earning today visit: www.oldyorkcellars.com
=======================
Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. www.oldyorkcellars.com
=======================
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle is also a principal developer of USD Coin (USDC), the fastest growing, fully reserved and regulated dollar stablecoin in the world. The free Circle Account and suite of platform API services bridge the gap between traditional payments and crypto for trading, DeFi, and NFT marketplaces. Create seamless, user-friendly, mainstream customer experiences with crypto-native infrastructure under the hood with Circle. Learn more at www.oldyorkcellars.com
Square, Inc. Invests $50 Million in Bitcoin
Oct 08,
SAN FRANCISCO, CA – October 8, – Square, Inc. (NYSE: SQ) announced today that it has purchased approximately 4, bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of
“We believe that bitcoin has the potential to be a more ubiquitous currency in the future,” said Square’s Chief Financial Officer, Amrita Ahuja. “As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on that journey.”
Square has previously invested in bitcoin from a product, leadership, and legal innovation perspective, and today adds this financial investment. The company launched bitcoin trading in with Cash App, which enables the buying and selling of bitcoin. In , the company formed Square Crypto, an independent team solely focused on contributing to bitcoin open-source work for the benefit of all, and also recently launched the Cryptocurrency Open Patent Alliance (COPA), a non-profit organization encouraging crypto innovation and opening access to patented crypto inventions.
Square has open sourced documentation to articulate the process behind the execution of its purchase as others consider similar strategies. The whitepaper can be found at www.oldyorkcellars.com
About Square, Inc.
Square, Inc. (NYSE: SQ) builds tools to empower businesses and individuals to participate in the economy. Sellers use Square to reach buyers online and in-person, manage their business, and access financing. And individuals use Cash App to spend, send, store, and invest money. Square has offices in the United States, Canada, Japan, Australia, Ireland, Spain, and the UK.
Media Contact
press@www.oldyorkcellars.com
Finally, crypto is for everyone
Invest in cryptocurrency with Firi.
Bitcoin
+ %
BTC
, NOK
Ethereum
- %
ETH
26, NOK
Cardano
+ %
ADA
NOK
Litecoin
+ %
LTC
1, NOK
The Nordic region's largest cryptocurrency exchange
Everyone wants financial freedom and the opportunity to shape the future.
, Norwegians choose Firi to invest in cryptocurrency. What are you waiting for?
Safety, simplicity, engagement
We provide you with the tools and knowledge needed to manage your cryptocurrencies - regardless of the size of your portfolio.
Most importantly, we ensure safe storage of your cryptocurrency.
Kryptosparing
Are you saving money to travel? To buy a new apartment? A puppy? Or to retire? Start saving today with our new savings plan.
Invest a certain amount each month in your preferred cryptocurrency, and track the development of your investment.
Dedication to innovation
We long for a crypto world where everyone is welcome.
We therefore work continuously to create innovative solutions to make investing in cryptocurrency accessible and engaging for everyone.
A crypto wallet shows an investor made an $8, shiba inu coin purchase last year. Today, it is worth $ billion.
Matthew Fox
- A crypto investor bought about $8, worth of shiba inu coins in August
- Just over a year later, the $8, trade has morphed into a value of about $ billion.
- Shiba inu coin is up more than 7 million percent since its debut in August
In what's being dubbed the greatest individual trade of all time, a crypto investor turned about $8, into about $ billion by buying trillions of shiba inu coin shortly after it debuted.
The series of trades began in August , when the investor bought about 70 trillion shiba inu coins, according to their associated crypto wallet. Shiba inu coins began trading on August 1, , and the investor took note that day and made their first shiba inu purchase, buying about 70 billion coins.
About the time of the investor's $8, purchase, shiba inu coins were trading at about $ Today, the cryptocurrency is trading at about $, which represents a swift month gain of more than 7 million percent.
The crypto wallet now owns more than 13% of the total supply of shiba inu coin, which has a total circulating supply of trillion coins, according to CoinMarketCap.
Shiba inu's unlikely rise has catapulted the meme-inspired cryptocurrency to a total market valuation of nearly $45 billion, eclipsing dogecoin and becoming the ninth most valuable cryptocurrency as of Thursday morning.
The move higher has been a head-scratcher for many investors who see shiba inu coin as nothing more than a joke based on another cryptocurrency known as dogecoin, which itself was created to make fun of other cryptocurrencies like bitcoin and ether.
Whether the 70 trillion shiba inu coin holder will be able to liquidate their holdings without tanking the price remains to be seen, but for now, they're holding.
Read more:A year technical strategy veteran shares 5 altcoins near or at week highs that are about to break out — and explains why the 4th quarter is 'a very positive time' for bitcoin
Keep reading
Your Market View
| NAME / PRICE | + / - | % | DATE |
|---|
The first week of hasn't been kind to bitcoin, as the cryptocurrency lost 11% of its value in mere days and finished this week at about $42, — down almost 40% from its all-time high last fall.
Analysts closely watching crypto said the Federal Reserve's hint at raising interest rates sooner than expected caused many investors to sell off their bitcoin holdings and turn toward safer investments. Other digital coins including ethereum and ripple also plunged this week, down % and 9%, respectively.
That's par for the course in the ultra-volatile crypto market, with investors expecting the big swings to continue in
"It's part of the game," Ryan Firth, a financial planner with Mercer Street Financial, told CBS MoneyWatch. "You've got to hold on tight and go in with eyes wide open. You could see 80% declines in a matter of a few months."
For investors, marked an action-packed year for of cryptocurrency. Bitcoin saw its price top out at $69, in November, while ethereum notched a record high of $4, in October.
In a sign of crypto's growing importance, a number of major retailers began accepting the currency as payments. Some athletes and politicians began receiving parts of their salary in crypto, while Wall Street created exchanged-traded funds around crypto futures.
As the price of bitcoin, ethereum and others skyrocketed, crypto companies made splashy moves. Coinbase went public on the Nasdaq last April and www.oldyorkcellars.com aired a commercial featuring Hollywood star Matt Damon.
In perhaps the biggest move to date, the crypto world capped with www.oldyorkcellars.com buying the naming rights to the Staples Center in Los Angeles and renaming the sports stadium www.oldyorkcellars.com Arena in a $ million deal.
"We will see even more crypto companies going public in than we saw in and several of them will have valuations of more than $5 billion," blockchain analytics firm Arcane Research predicted in a research note.
Arcane also seems more crypto ETFs on the horizon, offering investors a way to test the waters while limiting the downside.
Don't look down
Still, investing in digital currency "is not for the faint of heart," warned Firth, who personally invests in crypto while advising his clients to put no more than 5% of their portfolio in such a volatile asset. Some days an investor will see tremendous gains, but "you still have to prepare for that sudden drop of more than 50% in a matter of a week or so," he said.
Andrea Hardison, a project manager for a technology consulting firm in Nashville, said she expects huge price swings in crypto in just like last year. But Hardison, who started buying crypto last April, still plans to continue pouring more money into hex, bitcoin, solana and ethereum, noting that some of her bets have already doubled in value.
Robert White III, a workforce development case worker in St. Louis, is similarly unfazed by the rollercoaster crypto market. White, a bitcoin owner, said he plans to have a portion of his paychecks taken out directly to purchase cryptocurrencies.
"My approach will be consistent and steady," said White, who bought his first bitcoin in when it sold for $1, "I'm hoping for three times growth of what I've invested, but crypto is so volatile that it can go so many different ways within a day."
Trending News
Khristopher J. Brooks is a reporter for CBS MoneyWatch covering business, consumer and financial stories that range from economic inequality and housing issues to bankruptcies and the business of sports.
Bitcoin investors: From buying a Bentley to losing it all
By Zoe Kleinman
Technology reporter
Bitcoin has soared to trade at an eye-watering $48, bitcoin investering 8 month, (£34,), following the news that Tesla has bought $bn of the crypto-currency.
Enthusiasts will tell you it's the future of money - but investing in the notoriously volatile virtual currency can be a rollercoaster, and it's not without risk. The hunt for new coins, using powerful computers, is also causing a surge in energy demand - which is not so good for the environment.
Here are some of your Bitcoin adventures.
'It paid for a holiday in Iceland'
James Saye, tech consultant
I first invested in Bitcoin in - I was nervous about putting too much in, so I high income earners 2022 for around £
I cashed it in for bitcoin investering 8 month, during one of its peaks, and had a great holiday in Iceland - the cash came in handy, Iceland is lovely but expensive.
I bought in again in when the price was lower so I'm still in but I don't regret cashing out when I did.
'It's part of my pension plan'
Heather Bitcoin investering 8 month, founder of Gallium Ventures
I've been the silent crypto-investor. I put in £5 at the very beginning and I've built it slowly and steadily over time. I see it as a long-term strategy, meaning the rapid highs bitcoin investering 8 month lows are not ones that cause me anxiety - although ask me as I near my retirement and we shall see what I think then!
Based on how much I have invested in Bitcoin over time versus what I see today, I have a % increase in my investment.
I've never cashed it out - but I have converted some to bitcoin investering 8 month currencies as the market has fluctuated.
I know loads of people who have done exciting things with their investments but for me it's part of my pension plan. I know I'm not typical.
'He didn't get a single penny back'
David Stubley, founder of 7 Adres bitcoin jak zalozyc cyber-security firm
We had a client whose Bitcoin wallet was fraudulently accessed and all bitcoin investering 8 month money was transferred out of it. He had intended to use it as a deposit on a house.
The man had been spooked by reports of fluctuations in the currency and decided to check his wallet. But he clicked on a fraudulent link, which led him to a phishing site, bitcoin investering 8 month, a complete clone of the real thing.
He had 84 bitcoins, and the fraudsters transferred 83 of them. At the time, inthey were worth $,
We tracked the payment on the blockchain [a kind of shared digital public ledger] - we could see it rolling across various wallets and finally it reached a wallet containing $15m of currency.
While the final identity of the fraudsters could not be identified, we were able to have the wallets frozen, so at least denying access to the stolen funds.
Our client was irate but philosophical. Today, that stolen Bitcoin would be worth £m.
Once it's gone, it really has gone.
'I bought a Bentley'
Javed Khan, independent trader
My Bitcoin journey didn't start as an investment. At first, it was a form of transferring money, I didn't have to wait for confirmation from banks and so on - it was convenient.
InI noticed I'd make a transfer, leave some Bitcoin in my wallet and I'd see the prices go up - and before I knew it I was seeing profit, which surprised me. I had been telling my friends I was using it as a transfer tool, bitcoin investering 8 month, I hadn't thought about investing in it.
In JanuaryI cashed in my Bitcoin profits and bought a Bentley in Dubai, bitcoin investering 8 month, where I now live. I sent a video from the showroom to my mum and she cried, she was really proud.
I would only put in money that I could afford to lose. The most I've lost is the transaction fees - when the price drops I don't lose faith.
I think the best time to buy Bitcoin is when nobody's talking about it - wait for the hype to die down.
'My electricity bill was A$ a month when I was mining Bitcoin'
Rohan Muscat, project manager and electrical engineer
I became aware of Bitcoin inbut being a bit of a hardware geek, I wanted to mine it. In late I bought a pair of graphics cards to mine, and at first I did pretty well with it.
A start-up I'd done some consulting for gave me some Horizon Bitcoin investering 8 month tokens (another form of crypto-currency) to pay part of my way, and in January those plus my mined assets were worth A$40, (£22,).
I decided to trade it a bit, and investigated bots while moving to bigger scale mining.
At first it paid for itself, but then it went downhill and was borderline break-even. My electricity bill shot up to A$A$ a month, because the mining rig needed so much power.
I ended up selling the mining gear, and I'm currently sitting on about A$2, in crypto.
I could have made more if I'd jumped in and out, but the emotions and risks in trading have burnt me, and I'd rather not take the risk.
'Bitcoin helped me buy my house'
Daniel Crocker, business owner
InI was doing an apprenticeship at an IT company. At lunchtime we used to chat about little ways of making money on the side. Nobody had really heard of Bitcoin but we decided to give it a go and we spent a few weeks on it.
It didn't last long, but luckily I kept hold of mine.
I traded them in last summer and got half the deposit for my house. I've still got a little bitcoin investering 8 month but I'm just going to sit tight - it's not something I want to pin my future on.
I do know people who have gone in deep but I think I've been lucky enough already.
Julius Dein is the most popular social media creator in thew world. He has tens of millions of followers across various platforms and earns billions of views per month. Julius is also an incredibly intelligent business man who understands the business behind content better than most.
In this conversation, we discuss growing social channels, earning billions of views per month, making videos go viral, bitcoin investering 8 month, scaling a content team, building an eight-figure business, and why Julius is excited about bitcoin.
=======================
BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, bitcoin investering 8 month, USD loans, and no fee trading. To start earning today visit: www.oldyorkcellars.com
=======================
Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too, bitcoin investering 8 month. Now investir 100 em bitcoin can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. www.oldyorkcellars.com
=======================
Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle is also a principal developer of USD Coin (USDC), the fastest growing, fully reserved and regulated dollar stablecoin in the world. The free Circle Account and suite of platform API services bridge the gap between traditional payments and crypto for trading, DeFi, and NFT marketplaces. Create seamless, user-friendly, mainstream customer experiences with crypto-native infrastructure under the hood with Circle. Learn more at www.oldyorkcellars.com
Seven rules of cryptocurrency trading for new investors
1. Don’t take very big bets
The phenomenal returns given by some cryptos in the past one year are mouth watering. Rs 10, invested in Dogecoin six months ago is now worth Rs lakh. But don’t get carried away by these numbers. “Invest only what you are willing to lose,” says Vineet Nanda, Co-Founder of Globalise. Even if you have a high risk appetite, start tradingwith small amounts. “Don’t put more than 2% of your overall portfolio in cryptos,” advises Vikram Subburaj, CEO, Giottus CryptocurrencyExchange. After you get familiar with the arena, read up about various coins and understand their value and prospects, bitcoin investering 8 month, before you allocate more.
2. Be ready for extreme volatility
Investing in cryptocurrencies is the best way to learn about them. But it is a high-risk high-reward game and you must be able to digest very high volatility. As the May crash showed, bitcoin investering 8 month, an overnight fall of % is also a possibility. Keep in mind that even a bluechip like bitcoinis down 48% from its April high of Rs 50 lakh. “Enter this market only if you can stomach extreme variations and the implications of an investment going wrong,” says Prableen Bajpai, Bitcoin investering 8 month, FinFix Research and Analytics.
3. Use trustworthy platform
The cryptospace is not regulated in India and new outfits are mushrooming every day. Though the Supreme Court has struck down the RBI ban on cryptos and the government has hinted that it will follow a canadian value investing stocks approach towards regulating the industry, investorsneed to be careful when choosing the intermediary, bitcoin investering 8 month. “Invest through an established and bitcoin investering 8 month platform so that your money does not get stuck if there is a regulatory setback or the promoter company goes under,” says Vineet Nanda, Co-founder, Globalise. Keep in mind that investing through an overseas platform may require greater compliance on the tax front.
Also read:Why this crypto market correction is healthy
4. Don’t act on tips without verifying
The crypto space suffers from a severe lack of credible information. Investors are dependent largely on unverified information on social media. Self-styled crypto analysts create whatsapp groups packed with their accomplices who vouch for their accuracy. These analysts trap gullible investors, first by charging a fee for the tips and then using them for their pump-and-dump operations. “As a rule, you should verify the information before you invest,” says Raj Khosla, Managing Director, bitcoin investering 8 month, www.oldyorkcellars.com “Check the market cap and trading volumes of the coin. A low market cap and insignificant bitcoin investering 8 month volumes are obvious red flags,” he says.
5. What are the best investments in south africa on bluechips
Like the stock markets, the crypto market also has bluechips, mid-caps and penny coins. Don’t get tempted into buying obscure coins just because you can get a lot of them at a low price. Bigger coins may be costlier but are more stable. In any case, you can buy in fractions so don’t worry about the price. Bitcoin is the bluechip of the crypto space and drives the overall market sentiment. “Focus on the bluechip coins like Bitcoin and Ethereum, with some of your money in emerging counters like Dogecoin and Matic,” says Gaurav Garg, Head of Research, bitcoin investering 8 month, Capital Via. Widely held coins with large market capitalisation are less likely to be manipulated than coins that are closely held by a few people, points out Nanda of Globalise.
6. Keep abreast with global developments
Even though you may be buying and selling in India, the crypto market is spread across the world. Any global development can impact prices, so one needs to be abreast with what is happening in key markets like the US, bitcoin investering 8 month, Singapore and Europe. “The crypto tax in the US was one of the reasons for crypto prices falling in May,” points out Manish P. Hingar, Founder, Fintoo. An alert investor will not get caught on the wrong foot. It helps that crypto trading is 24x7, so one can act immediately unlike stock markets where one has to wait for trading to open the next day.
Also read:The cryptocurrency craze: Should you invest?
7. Don’t ignore the tax
Last but not the least, don’t ignore the tax payable on the income from crypto trading. “Even though cryptocurrencies are not specifically mentioned in the Income Tax Act, income in any form from any source is taxable unless specifically exempted under the act,” says Archit Gupta, CEO of tax filing portal Cleartax. Cryptos are not considered currency by the RBI, so they must be treated as capital assets. “There is no judicial precedent but it can be assumed that cryptos will be treated as capital assets,” says Homi Mistry, partner at Deloitte India, bitcoin investering 8 month. This means short-term gains will be added to income and taxed at normal rates while long-term gains will be taxed at 20% after indexation. “A lot depends on the volumes and frequency of trading, which may lead to the income being treated as business income,” says Mistry.
( Originally published on Jun 14, )
How to save tax for FY )
Download The Economic Times News App to get Daily Market Updates & Live Business News.
ETPrime stories of the day
The first week of hasn't been kind to bitcoin, as the cryptocurrency lost 11% of its value in mere bitcoin investering 8 month and finished this week at about $42, — down almost 40% from its all-time high last fall.
Analysts closely watching crypto said the Federal Reserve's hint at raising interest rates sooner than expected caused many investors to sell off their bitcoin holdings and turn toward safer investments. Other digital coins including ethereum and ripple also plunged this week, down % and 9%, respectively.
That's par for the course in the ultra-volatile crypto market, with investors expecting the big swings to continue in
"It's part of the game," Ryan Firth, a financial planner with Mercer Street Financial, told CBS MoneyWatch. "You've got to hold on tight and go in with what is the best currency to invest in right now wide open. You could see 80% declines in a matter of a few months."
For investors, marked an action-packed year for of cryptocurrency. Bitcoin saw its price top out at $69, in November, while ethereum notched a record high of $4, in October.
In a sign of crypto's growing importance, a number of major retailers began accepting the currency as payments. Some athletes and politicians began receiving parts of their salary in crypto, bitcoin investering 8 month, while Wall Street created exchanged-traded funds around crypto futures.
As the price of bitcoin, ethereum and others skyrocketed, crypto companies made splashy moves. Coinbase went public on the Nasdaq last April and www.oldyorkcellars.com aired a commercial featuring Hollywood star Matt Damon.
In perhaps the biggest move to date, the crypto world capped with www.oldyorkcellars.com buying the naming rights to the Staples Center in Los Angeles and renaming the sports stadium www.oldyorkcellars.com Arena in a $ million deal.
"We will see even more crypto companies going public in than we saw in and several of them bitcoin investering 8 month have valuations of more than $5 billion," blockchain analytics firm Arcane Research predicted in a research note.
Arcane also seems more crypto ETFs on the horizon, offering investors a way to test the waters while limiting the downside.
Don't look down
Still, investing in digital currency "is not for the faint of heart," warned Firth, who personally invests in crypto while advising his clients to put no more than 5% of their portfolio in such a volatile asset. Some days an investor will see tremendous gains, but "you still have to prepare for that sudden drop of more than 50% in a matter of a week or so," he said.
Andrea Hardison, a project manager for a technology consulting firm in Nashville, said she expects huge price swings in crypto in just like last year. But Hardison, who started buying crypto last April, still plans to continue pouring more money into hex, bitcoin, solana and ethereum, noting that some of her bets have already doubled in value.
Robert White III, a money makes people greedy development case worker in St. Louis, is similarly unfazed by the rollercoaster crypto market. White, a bitcoin owner, said he plans to have a portion of his paychecks taken out directly to purchase cryptocurrencies.
"My approach will be consistent and steady," said White, who bought his first bitcoin in when it sold for $1, "I'm hoping for three times growth of what I've invested, but crypto is so volatile that it can go so many different ways within a day."
Trending News
Khristopher J. Brooks is a reporter for CBS MoneyWatch covering business, consumer and financial stories that range from economic inequality and housing issues to bankruptcies and the business of sports.
A crypto wallet shows an investor made an $8, bitcoin investering 8 month, shiba inu coin purchase last year. Today, bitcoin investering 8 month, it is worth $ billion.
Matthew Fox
- A crypto investor bought about $8, worth of shiba inu coins in August
- Just over a year later, the $8, trade has morphed into a value of about $ billion.
- Shiba inu coin is up more than 7 bitcoin investering 8 month percent since its debut in August
In what's being dubbed the greatest individual trade of all time, a crypto investor turned about $8, into about $ billion by buying trillions of shiba inu coin shortly bitcoin investering 8 month it debuted.
The series of trades began in Augustwhen the investor bought about 70 trillion shiba inu coins, according to their associated crypto wallet, bitcoin investering 8 month. Shiba inu coins began trading on August 1,and the investor took note that day and made their first shiba inu purchase, buying about 70 billion coins.
About the time of the investor's $8, purchase, shiba inu coins were trading at about $ Today, bitcoin investering 8 month, the cryptocurrency is trading at about $, which represents a swift month gain of more than 7 million percent.
The crypto wallet now owns more than 13% of the total supply of shiba inu coin, which has a total circulating supply of trillion coins, according to CoinMarketCap.
Shiba inu's unlikely rise has catapulted the meme-inspired cryptocurrency to a total market valuation of nearly $45 billion, eclipsing dogecoin and becoming the ninth most valuable cryptocurrency as of Thursday morning.
The move higher has been a head-scratcher for many investors who see shiba inu coin as nothing more than a joke based on another cryptocurrency known as dogecoin, which itself was created to make fun of other cryptocurrencies like bitcoin and ether.
Whether the 70 trillion shiba inu coin holder will be able to liquidate their holdings without tanking the price remains to be seen, but for now, they're holding.
Read more:A year technical strategy veteran shares 5 altcoins near or at week highs that are about to break out — and explains why the 4th quarter is 'a very positive time' for bitcoin
Keep reading
Your Market View
| NAME / PRICE | + / - | % | DATE |
|---|
-