Raymond Oconnell - The Latest Crypto News and Guides

Guidance on Tax Rules for Buying and Selling Crypto

Buying and selling Bitcoin for a profit makes you subject to capital gains taxes. Capital-gains taxes occur whether you exchange Bitcoin for dollars or other cryptocurrencies for a profit. Also, it is a similar case when you buy Bitcoin, it increases in value, and then you exchange it for services and products. The IRS Revenue Ruling occurred twice in 2014-21 and 2019-24, offering guidance on crypto tax issues. The serious resolve by the IRS in 2014 stated that cryptocurrency is the property and not currency for federal tax uses. This…

Experts Recommend Ways to Excel in Crypto Trading

Raymond Oconnell

What does it take to make money with cryptocurrency? The cryptocurrency trading market is becoming the dominant ‘sheriff’ in town in trading into the financial world. Regardless of the type, such as Bitcoin, Ethereum, Litecoin, and others, the growing trends and unpredictable trading patterns give cryptocurrencies a well-known reputation. Even though crypto trading is still new to the financial world, there’s a confident prediction of growth increasing shortly. Because of this, it is becoming very popular with many individuals and organizations looking to trade. However, it would be best to…

Trading In The Market : Some Necessary Steps

Raymond Oconnell

Millions of people actually try their hand at trading in the market every single year, but a lot of them walk away, a little poorer and very much wiser. They are people who have not reached their full potential. A lot of people cannot handle trading in the market. Majority of people who fail, have one thing in common. They wouldn’t have mastered all their basic skills which are actually needed to tilt all of the odds in their favour. If one takes some time to actually learn them, it…

The Difference Between Crypto & Futures

Raymond Oconnell

A lot of people actually don’t know the difference between crypto and futures. The differences are interstellar. They are very different. Crypto means crypto currency. Crypto currency is an amazing form of currency that is decentralised. It is not controlled by any central authority. Crypto currency is incredibly secure, lightning fast and anonymous. For example, bitcoin is a crypto currency. Futures basically means foreign exchange. I am sure you know what for an exchange is. Foreign exchange is the exchange of one currency for another. For example, exchanging GBP to…

Bitcoin Futures Trading Strategies

Raymond Oconnell

As you all know, futures is a legal contract where you agreed to purchase or sell a particular thing in the future. Bitcoin is definitely becoming a huge part of our financial future. Bitcoin is something that is gaining a lot of traction in the financial world nowadays. Back then, it used to be worth just a couple hundred dollars, but now it is worth thousands. One bitcoin is actually worth thousands of dollars. There are people who have become millionaires overnight, because of the fact that they had stored…

Benefits and Risks of Trading With Bitcoin

Raymond Oconnell

There are a lot of benefits and risks of trading in foreign exchange with bitcoin. Let me start with benefits. Bitcoin is one of the most secure, anonymous and fast currencies available. Since it is decentralised, there is no governing authority that will keep track of any of your records. It is virtually impossible for the government to track any of the transactions. The risks may include the fact that it is something that keeps constantly changing. The value is not constant. It could drastically change from one day to…

How To Invest In Bitcoin Futures

Raymond Oconnell

Bitcoin is one of the most amazing crypto currencies that is out there. Bitcoin gets the job done when someone wants to trade with the help of crypto currency. Investing in bitcoin futures is definitely a lucrative way of investing money. Investing money into bitcoin futures is something that a lot of people are doing. Bitcoin futures does a fantastic job when it comes to allowing the investors to speculate the future worth of bitcoin. But, you need to keep in mind that bitcoin is very well known for volatile…