Accounting Industry Rushing Into Cryptocurrency

July 23, 2019  /  by Patrick Camuso
CPAs are late to the game but also rushing into the cryptocurrency space. As an industry leader in crypto tax services I have been able to observe how this niche sector is developing. It is not out of the ordinary for me to get targeted with ads from various franchise organizations to “double my accounting… Read more

Top 5 Tax Tips for Cryptocurrency Investors, Traders and Miners

July 18, 2019  /  by Patrick Camuso
Reporting Is The Taxpayers Responsibility Most Cryptocurrency exchanges that you trade on will not provide 1099 reporting data. The exchanges that do provide this data like Coinbase or Gemini have historically only provided Form 1099-K which does not provide the relevant cost basis information required to accurately report your transactions for tax purpose and also… Read more

How to Develop a Trading System

July 11, 2019  /  by Noah Hornaday
Markets directly attack and function based on the emotional and psychological functions that make us human. To trade markets profitably oftentimes requires us to reverse engineer our emotions and do the opposite of what we feel like doing. But this approach is easy to talk about; hard to follow.   Instead of relying on some sort… Read more

Tips to Optimize Profits this Crypto Bull Market

June 19, 2019  /  by Noah Hornaday
Trading during a bear market, a ranging accumulating market, and a bull market in the world of crypto are all very different beasts. With the recent parabolic advance away from the $3100 bottom and above the previous 2018 yearly support, the reversal from the bear market to bull market is now confirmed. After getting battered… Read more

Range Life: Keeping Trading Simple

June 7, 2019  /  by Noah Hornaday
Silicon Valley titan Tim Ferris has a question he asks when tackling complicated tasks: “If this was easy, how would it look?” When we ask this question about trading, longing (buying) at support and shorting (selling) at resistance would be as good a response as any. Oftentimes when prices are beaten down into the accumulation… Read more The Answer to every Crypto Technical Analyst’s Hopes and Dreams

September 7, 2018  /  by Noah Hornaday
Anyone who has seriously performed technical analysis on the crypto markets in the past has likely encountered the painful shortcoming of not being able to chart their favorite coin. This is thanks to the fact that many coins are not available on the popular charting websites and Fortunately for cryptoanalysts, the prominent crypto… Read more

Why the Bitcoin Dominance Index is a Misleading Metric

August 17, 2018  /  by Jackson Rickun
With Bitcoin’s dominance jumping past 50 percent this week, much of the discourse on Twitter and Reddit has been rushing to praise Bitcoin’s supreme reign. It’s surprising to see how fickle speculators and investors are to jump ship or get back on the bandwagon when it comes to talking about Bitcoin and its potential as… Read more

5 Tips for a Profitable Altcoin Season

July 10, 2018  /  by Charlie Shrem
1. Buy the Dips As prices break upwards out of their accumulation bottoms and confirm uptrends, the old trading adage of “buy the dip” becomes essential once again. Similar to Isaac Newton’s first law of motion, a body (or trend) in motion has a tendency to stay in motion. To elaborate, as a coin confirms… Read more

Bitcoin IRA: Best Practices for the Investor

July 10, 2018  /  by Cathy Zollo
As waves of baby boomers reach retirement and have the option of moving their 401ks to IRAs — along with job changers who may do the same — the diverse investment choices allowed by Individual Retirement Accounts come into play. Many of these retiring and job changing investors are now including Bitcoin in their IRA… Read more

Bitcoin’s Traceability Leads to New Solutions to Preserve its Fungibility

July 10, 2018  /  by Cathy Zollo
The last dollar bill you held in your hand almost certainly had detectable amounts of cocaine on it. In fact, 90 percent of U.S. currency carries trace amounts of the drug, and the percentage is even higher around some urban areas.  If you’ve seen pretty much any narco movie in recent years, you know why.… Read more