#Bitcoin #tax #loophole
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Dave's Daily Crypto Take
In this channel I will be providing you with news on a daily basis about cryptocurrency, bitcoin, blockchain, FIAT.
My main purpose is to share UNBIASED news and updates. Ultimately I learn and hopefully you learn while I go on this journey.
ARTICLES used in today's video:
https://ambcrypto.com/bitcoin-to-100k-by-october-may-not-be-too-unrealistic-if/
Bitcoin to $100K by October may not be too unrealistic if…
With Bitcoin bouncing off lower lows swiftly over the last weekend, looking at the spike in volumes on 26 July, Futures traders were in for a surprise. As the entire market became more active following the 25% weekly gains, the Options market highlighted some interesting trends.
Even though these unexpected price moves stirred up the market, they couldn’t push Bitcoin’s price enough to spur the derivatives market. The reason? Despite its recent bullishness, Bitcoin remained close below the $40k-mark.
https://www.cnet.com/personal-finance/investing/the-best-bitcoin-and-crypto-wallets-for-2021/
Best Bitcoin and crypto wallets for 2021
Prices go up, prices go down -- but Bitcoin is here to stay. And as cryptocurrency continues its march toward the mainstream, and becomes more entwined with the global economy, sooner or later you're going to need a place to store yours. Bottom line: If you're looking to invest in Bitcoin or any other cryptocurrency, you'll need a wallet.
Given that we're talking about digital currency, "wallet" is a metaphor. As a secure place to store your proof of ownership, a cryptocurrency wallet can take the form of physical hardware or software installed on your computer or smartphone or in the cloud. Well-known services like PayPal, Venmo and Robinhood allow you to purchase Bitcoin and other cryptocurrency quickly and with little technical know-how. Most of these online services, and their integrated wallets, are custodial, however, which means you're trusting the company to secure, protect and hold your cryptocurrency. Ultimately, they have control -- and your crypto is in their proverbial hands.
https://ambcrypto.com/bitcoin-when-can-we-expect-a-potential-golden-cross/
Bitcoin: When can we expect a potential Golden Cross
Bitcoin will have a huge impact on the market if it successfully achieves what its indicators seemed to be pointing towards. With BTC trading close to $40,000 at the moment, analysts have become skeptical of what’s to come next. Popular analyst Michael van de Poppe analyzed the cryptocurrency’s market recently, before going out to mark the important levels which might dictate BTC’s price movement going forward.
Bitcoin Golden Cross
Now, this has been analyzed and discussed in the past as well. In fact, a previous analysis had placed the expected dates for the Golden Cross (GC) close to the end of July and the beginning of August – a projection that now seems to be coming true.
When the 50 MA (Moving Average) crosses the 200 MA, a Death Cross (DC) occurs – Usually, an indication of a price fall/heavy consolidation. A GC is seen when the opposite happens. While the likelihood of a GC was bleak for most of the month, thanks to a week-long rally, this GC might be coming true.
https://www.cryptopolitan.com/bitcoin-balance-on-exchanges-drop/
Bitcoin balance on exchanges drop to 2018 level amid massive BTC outflows
Bitcoin balance on exchanges has returned to the lowest level in July 2018 amid massive outflows.
Active users on the Bitcoin network have risen by 30 percent to 325k users.
Cryptopolitan recently reported a growing level of accumulation amongst deep-pocketed Bitcoin investors, which was subsequently drying up the Bitcoin balance on exchanges. Today, however, BTC balance on exchanges has dropped further to 2018 levels, following a massive number of outflows recorded in just the past few days.
https://ambcrypto.com/this-is-what-you-should-know-about-investing-in-doge-cardano-xrp/
This is what you should know about investing in DOGE, Cardano, XRP
Crypto-adoption across industries has not really been gradual and steady. The market has seen erratic waves of speculation, exuberance, and acceptance. The growth of altcoins such as Dogecoin, Cardano, and XRP has underlined the evolution of the crypto-ecosystem. These alts, technically, are the market’s “old” coins.
Now, amidst the presence of hyped-up newer coins like MATIC, DOT, and ICP, how do the old coins fare? Is it worth investing in them at this stage? Well, let’s find out.
https://bgr.com/lifestyle/if-you-own-any-cryptocurrency-theres-a-secret-tax-loophole-that-can-save-you-thousands/?bgr-partner=flipboard
If you own any cryptocurrency, there’s a secret tax loophole that can save you thousands
Recent weeks have seen a flurry of cryptocurrency news, from Tesla announcing just a few days ago that it’s still holding $1.3 billion worth of bitcoin — and that it’s also planning to accept bitcoin as payment soon. The city of Miami is also continuing to talk up MiamiCoin, its own cryptocurrency token that would be used to fund development projects in the Magic City.
Meantime, some crypto market investors are celebrating the recent 46% dip from the market’s all-time high in May. That’s because of a tax loophole which has been garnering headlines in recent weeks. This particular loophole treats crypto losses differently than losses associated with an asset like a stock. And more awareness of it comes at a time when Democratic lawmakers in Congress want to squeeze crypto investors for more money.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
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DISCLAIMER: I will never give any financial advice. And my channel is not considered official Financial Advice. Please do your research before purchasing any cryptocurrency.
Thank you very much
Dave
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