6 Most Common Mistakes of New Bitcoin Traders

Are you thinking of starting in the world of crypto trading? If so, make sure you’re avoiding the most common mistakes. You better avoid these mistakes than most crypto traders. The funny thing is that almost every trader makes these mistakes even though they don’t understand it. Without further ado, let’s examine those common mistakes. Read on to know more.

1. Sensitive decision making

Newcomers tend to trade emotionally. But the thing is, business has nothing to do with your passion. In fact, if you make decisions based on your emotions, you will end up on the road to failure.

2. High purchases and low sales

And a common mistake that is made initially is to buy more and sell less. You do not want to be frustrated if you cannot get the right pitch so invest in a good capo. All you have to do is buy less and sell more. This is the only way to make a profit.

3. Sales at once

Because of the two mistakes mentioned above, initially they buy or sell their bitcoins at once without buying or selling too little. If you ask an experienced trader, they will ask you to sell 20% to 50% profit on your Bitcoin post. But the problem is that new traders are very ready to sell. Therefore, they do not have the money to buy dips. Some of them sell their bitcoins at once.

4. Buying the wrong currency

Cryptocurrencies buying new trades make a lot of promises using big words. What they don’t know, however, is that these currencies don’t offer any technological innovation like Lightcoin, NEO, Tron and EOS to name a few. The problem is that these are quite centrally blockchains. Therefore you may want to avoid these.

5. Lay your eggs in many more baskets

Because of previous mistakes, there is a tendency to invest in a lot of cryptocurrencies initially. This is not a profitable idea because it can make it difficult for you to make a profit. Ideally, you may want to invest in 3 to 4 currencies. In the world of cryptocurrency you can’t put all your egg tons in the basket.

All. Put all the eggs in one basket

Another common mistake is to keep all your eggs in the same basket. Ideally, you must have a diverse portfolio. In addition to these, you may not want to deposit all your cryptocurrencies in the same wallet or exchange. All you have to do is use at least three wallets. This will help you protect your investment.

Long story short, these are just a few common mistakes that new cryptocurrency traders are making. If you follow these steps, you are less likely to make these mistakes. As a result, your investment will be safer and you will be more likely to make a profit than a loss. Hopefully, these tips will help you start as a new trader and make a lot of money.

Learning some financial terms

Managed funds

Managed funds or mutual funds are said to be a great way for ordinary people to get involved in the stock market. When you invest your money in a specific fund you are combining your money with other money investors who would not otherwise be able to invest directly in the stock market. These funds come with a fee that pays for the services of the fund manager.

Diversity

This is when you spread your money around to reduce the risk rather than putting too many eggs in a few baskets. At the time of GFC 2006, there was a story of investors who lost their entire life savings when they went under a financial institution. Instead of scattering their money around different assets and different types of investments, these people invested all their money in one company known as diversification.

Instability

Instability means market movement and movement; This also applies to investing in gold and cryptocurrencies.

Experienced investors know that markets can become volatile during periods of uncertainty. Investors need to develop the right mindset at this time because the markets will accept even the most intelligent investor in a roller coaster ride.

Dangerous profile

It has to do with how much risk you are willing to take before you start getting nervous about your investment. It is easy to be an investor in growth funds when the markets are growing but experienced investors know that the stock market is volatile, so you need to invest according to the amount of volatility you will be able to withstand.

Average

The average is the strategy where you regularly buy a small batch of shares in exchange for a single batch. This is possible through internet trading apps. The advantage is that as the stock prices go down, you buy some stocks at a lower price. Find the average amount you paid per share, add the total amount paid per share, and divide that figure by the total number of transactions. This will give you the average amount per share. The average bitcoin can also be used to buy.

Dividends

Companies pay a dividend to shareholders. Dividends come out of the company’s profits. Many investors want to reinvest any money they receive from dividends; Others prefer to take it as income. It depends on whether you invest in an income or long-term capital gain.

Resources

Wealth is a thing that earns income for you. Examples of assets are interest bearing accounts, shares, mutual / managed funds, assets, etc.

Liability

A liability is something that costs you money. If you pay something, it is a liability. Items purchased at HP, credit card or finance company are all liable because they cost you money. Incredible money-managers have some liability because they know that the interest payable on borrowed money is “dead money”, because they are not getting anything clear for their money.

Capital gain

Captain-profits are the value of investing whether they are shares, mutual / managed funds, assets, gold or crypto-currencies.

Acceptability and instability – are they related?

All governments and organizations around the world are increasingly focusing on cryptocurrencies (CCRs) and the technologies that underpin them – the blockchain. Some attention is negative, but on balance, it is clear that more attention is positive, helpful and exploitative. As we become more aware of the existence of such a disruptive force in the world of business and investment, it has become imperative to examine business processes at these new frontiers and compare them with the relatively old, slow and expensive processes of today. The growth of new technologies requires new investment capital, and with this kind of growth comes encouragement, false start, and debate.

Developments in the world of CC and blockchain are advancing rapidly and rapidly as governments and organizations use technology, tax all profits, protect their investments and protect their components and customers – a complex balancing act that leaves many wondering why Going and changing direction frequently expla CC and blockchain are slowly gaining recognition in the mainstream but here are a few recent developments that still involve regulation, control and stability:

  • Uzbekistan will unveil plans to regulate Bitcoin in September 2018, setting up a blockchain “skills center” to begin operations in July.
  • Kazakhstan has indicated its willingness to copy Singapore’s blockchain permits.
  • Belarus has announced that it intends to create a hospitable environment for blockchain as an innovative financial transaction technology.
  • CC has created “Petro” to raise cash as Venezuela moves towards economic collapse. Hopefully this will become a means of sanctions that will prevent Venezuela from financing the global bond market. President Nicolas Maduro has claimed that Petro raised $ 735 million on its first day, a claim that has not been substantiated. Maduro sees Petro as “the perfect cryptonite to defeat Superman” – the United States imposed sanctions on him, thinking the currency would free his country from banks and government. Perhaps he doesn’t see that Petro was started by any government – his.
  • TD Canada Trust has become the first Canadian bank to join some UK and US banks to ban the use of credit cards to purchase CCs.
  • South Korea is moving to legalize bitcoin, indicating that it will consider bitcoin as a liquid resource. The impact of their decision will be significant and global as South Korea is at the forefront of the CC marketplace. Japan has already taken these steps, making bitcoin trading more transparent, more regulated and 100% legal.
  • Blackrock, the world’s largest investment firm, has continued its bullish forecast for CC, seeing it “widely used” in the future.
  • Romeo Lachar, chairman of the Swiss Stock Exchange, believes there is a lot of enthusiasm for publishing a crypto version of the Swiss franc, and his company will be helpful, adding that he “does not like cash.”
  • JD.com, China’s largest online and brick and mortar retailer, has announced the first four startups for its Al Catalpalt blockchain incubation program. The Beijing-based program, which has seen candidates from as far away as Australia and the United Kingdom, aims to use the company’s vast Chinese infrastructure to develop new blockchains and artificial intelligence applications.

With the global two-and-a-half activity, it is clear that blockchain is just one aspect of the catastrophic technology of this era and the possibility of CC being able to. Like the explosion of Internet investment in the 1990s, blockchain and CC investments have to be won and lost, however, we don’t want to turn it into a devastating burst bubble with many early dot com investments of the 90s. What we want to see is a rational approach to blockchain development and investment.

We see increasing acceptance, innovation and control as instability will remain the norm for some time in these market places. Failures will occur and successes will be revealed, forcing governments, institutions, investors and innovators to constantly adjust their processes and their thinking. Instability at this stage is normal and healthy.

Visa says you can buy almost anything except cryptocurrencies

The news this week is that several banks in the USA and the UK have banned the use of credit cards for buying cryptocurrencies (CCRs). The reasons described are impossible to believe – such as trying to reduce money laundering, gambling and protecting retail investors from additional risks. Interestingly, banks will allow debit card purchases, making it clear that only the risks are their own to secure.

With credit cards you can gamble in casinos, buy guns, drugs, alcohol, pornography, everything and everything you like, but some banks and credit card companies want to ban you from using their facilities to buy cryptocurrencies? There must be some credible reasons, and they are not the reasons given.

One thing that banks fear is how difficult it is to forfeit CC holdings when credit cardholders default on payments. Re-owning a house or car will be much more difficult than right. The private keys of a crypto wallet can be attached to a memory stick or a piece of paper and cannot be easily traced. Some crypto wallets in the country may have high value and credit card debt can never be repaid There is significant damage. The wallet still contains crypto currency, and the owner can then access the private keys and transfer money and pocket the money using a local CC exchange abroad. Really a sad scene.

We are certainly not advocating this kind of illegal behavior, but the banks are aware of the possibility and some of them want to stop it. Banks are never out of pocket – this can’t happen with debit cards – money instantly flows out of your account, and only if you start making a lot of money there. We struggle to find any honesty in the bank’s story about reducing gambling and taking risks. It is interesting to note that Canadian banks are not jumping on this bandwagon, perhaps realizing that the reasons given for doing so are bogus. As a result of these actions, investors and consumers are now aware that credit card companies and banks really have the power to limit what you can buy with their credit cards. This is not an advertisement for their cards, and it is probably a surprise to most users, who are quite accustomed to deciding what they will buy, especially from CC Exchange and other merchants who have merchant agreements with all these banks. The exchanges have done nothing wrong – neither have you – but fear and greed cause strange things in the banking industry. This further illustrates the perception that the banking industry is threatened by cryptocurrencies.

There is little collaboration, trust or understanding between Fiat Money World and CC World at the moment. CC is not a central regulatory body in the world where regulations can be applied across the board and it seeks to figure out what each country in the world needs to do. China has decided to ban CCs, Singapore and Japan have embraced them and many more countries are still scratching their heads. The similarity between them is that they want to levy tax on the profit of CC investment. This is not much different from the early days of digital music, as the Internet helped in the uninterrupted promotion and distribution of unlicensed music. Digital music licensing schemes were eventually developed and recognized, as listeners were justified in paying some money for their music instead of endless pirating, and the music industry (artists, producers, record companies) was fine with nothing but reasonable license fees. Could there be any compromise in the future of Fiat and digital currency? As people around the world become more and more tired of the profitable bank profits and the promotion of the bank in their lives, there is an expectation that consumers will be treated with respect and not cut off forever by high spending and unregulated restrictions.

Cryptocurrency and blockchain technology increase the pressure around the world to make a reasonable compromise – it is a game changer.

Stay tuned!

Crypto Trade 2017-01

Everyone has heard how Bitcoin and other cryptocurrencies have recently become billionaires as they bought a year ago. Not only is it possible to earn 1,000% or more, these have become commonplace with many cryptocurrencies. Anyone who buys Bitcoin for less than ৫ 500 in May 201, gets a 1,400% profit in about 1 month. Then over the last few days, we’ve seen Bitcoin lose about ড 1,000, so to say these cryptocurrencies are volatile would be without a huge amount.

Since the introduction of Bitcoin in 2006, we at Trend News have been skeptical of the survival of cryptocurrencies, because there is a clear threat to governments that they want to see all transactions and pay taxes. However, while we may still be wary of true cryptocurrencies, we are very much aware of the potential of the underlying technology that powers these electronic currencies. In fact, we believe that this technology will significantly affect every sector of the global economy, such as how data is handled and how it affects the Internet media.

Here are some questions and answers to get us started …

Q: What is a cryptocurrency?

The most well-known cryptocurrency (CC) is Bitcoin CO. It was first CC, launched in 2006. Today there are more than 600 CCs including Ethereum, Litcoin, Dash, Jacash, Ripple, Moniro and they are all “virtual”. There are no “physical” coins or coins.

Q: How does CC work?

CCs are virtual currencies that exist in very large distributed databases. These databases use blockchain technology. Since each blockchain database is widely distributed, it is considered resistant to hacking, as there is no central point of attack and every transaction is visible to everyone on the network. Each CC has a group of administrators, often known as “miners”, who legitimize the transaction. A CC called Etherium uses “smart contracts” to validate transactions. Crypto Trends will provide more details in the next news release

Q: What is a blockchain?

Blockchain is a technology that underpins all CCs. CC is inserted into a block attached to each transaction chain for purchase, sale, or exchange. This technology is complex and will not be explained here, but it is likely to revolutionize the financial services industry, as transactions can be executed quickly and easily, reducing or eliminating fees. The technology is also being tested for applications in many other industries.

Q: Are CC exchanges regulated by the government?

For the most part the answer is no, which is a big attraction of this market to some users. It is now the “Wild West”, but governments in most developed countries are examining this market to decide what controls may be needed. Canada and the United States have so far declared that CC is legal, but the situation remains fluid in terms of reporting and taxation. Crypto TREND will follow and report on these developments.

Q: How do I invest in this market?

You can buy, sell and exchange CC using the services of specialized “exchanges” that act as brokerages. You start by selecting an exchange, setting up an account, and transferring Fiat currency to your account. You can then buy and sell your CC order. There are many exchanges around the world. Account opening is fairly easy and these exchanges have their own rules about initial funding and withdrawals.

Crypto Trade CC will recommend the exchange in the future.

Q: Where do I put my CC?

You need to have a digital wallet to have the freedom to move your crypto currencies around and pay bills. These wallets come in multiple formats such as desktop, cloud based, hardware (USB), mobile phone and paper. Many of them are free, however, security is a big factor because no one ever wants to lose or steal their wallet. Crypto TREND will recommend digital wallets in the future.

Q: What can I do with my CC?

In addition to investing in CC products, you can also use cryptocurrencies for some financial transactions, such as money transfers and bill payments. The list of cryptocurrency companies is growing rapidly and includes big hitters such as Microsoft, GAP, Jesse Penny, Expedia, Shopify, Bloomberg.com, Dish Network, Zenga, Subway and WordPress.

Q: What’s next?

To begin with, we will keep each article of the crypto trend short and keep the scope of each one as narrow as possible. As we mentioned earlier, we believe that cryptocurrency technology will be a game changer and potential investment opportunities like this come once or twice in a lifetime. Make no mistake, the initial investment in this sector will only be for your maximum estimated capital, the money you can lose.

Even if you don’t want to invest at this time, gaining an initial idea about this new disruptive technology will keep you in a profitable position from our recommendations as you move forward.

Hope to see more news and specific proposals on the crypto trend as this journey begins at first it may seem like a foreign jungle. It is a volatile market and may not appeal to all investors, but crypto trade if you are ready and when.

Stay tuned!

Wild West crypto show continues

Here’s a question often asked: How do I choose which cryptocurrency to invest in – aren’t they all the same?

There is no doubt that Bitcoin has captured the lion’s share of the cryptocurrency (CC) market, and this is largely due to its reputation. This is similar to what is happening in global national politics where a candidate receives a majority vote on the basis of FAME rather than any proven qualifications or qualifications to govern a nation. Bitcoin is the pioneer of this market space and has been gaining almost all the headlines in the market. This fame does not mean that it is suitable for the job, and it is generally known that Bitcoin has limitations and problems that need to be addressed, however, there is disagreement in the Bitcoin world as to how best to solve the problems. Adding to the problems, there are ongoing opportunities for developers to launch new coins that address specific situations and thus set themselves apart from about 1300 other coins in this market place. Let’s take a look at two Bitcoin competitors and discover how they differ from Bitcoin and from each other:

Etherium (ETH) – The Etherium coin is known as the other. The main difference from Bitcoin is that Ethereum uses “smart contracts” which are account holding objects in the Ethereum blockchain. Smart contracts are defined by their creators and they can interact with other contracts, make decisions, store data and send it to others. The functionality and services they provide provide the Etherium network, all of which is beyond what Bitcoin or any other blockchain network can do. Smart contracts can act as your autonomous agent, comply with your instructions and rules for spending money, and initiate other transactions on the Ethereum network.

Ripple (XRP) – This currency and Ripple network also has unique features that make it much more than a digital currency like Bitcoin. Ripple has created Ripple Transaction Protocol (RTXP), a powerful financial tool that helps Ripple Network exchanges transfer funds quickly and efficiently. The basic idea is to place money in “gateways” where only those who know the password can unlock the funds. This opens up huge potential for financial institutions, as it simplifies cross-border payments, reduces costs and provides transparency and security. All of this has been accomplished through the creative and intelligent use of blockchain technology.

The mainstream media covers this market with breaking news stories almost every day, but their stories have no depth … they are mostly just dramatic headlines.

The Wild West show continues …

5 stock crypto / blockchain peaks average 109% From December 11/17. Wild pendants continue with daily jerseys. Yesterday we had South Korea and China the latest to try to accelerate in cryptocurrencies.

On Thursday, South Korean Justice Minister Park Sang-ki temporarily plummeted global bitcoin prices and sent virtual coin markets into turmoil when he said regulators were enacting legislation to ban cryptocurrency trading. Later that day, South Korea’s Ministry of Strategy and Finance, one of the main members of the South Korean government’s cryptocurrency regulatory body, came out and said their department Do not agree With a premature statement from the Ministry of Justice regarding possible cryptocurrency trade bans.

Although the South Korean government has said that cryptocurrency trading is nothing more than gambling, and they have expressed concern that the industry will leave many citizens in poor homes, their real concern is the reduction of tax revenue. This is the same concern of every government.

China has become one of the world’s largest cryptocurrency mining sources, but now the government is rumored to be controlling the electricity used by these mining computers. More than 80% of the electricity generated in bitcoin mines today comes from China. By shutting down miners, the government will make it more difficult for Bitcoin users to verify transactions. Mining will move elsewhere, but China is particularly attractive because of the very low electricity and land costs. If China complies with this threat, mining capabilities will be temporarily compromised, resulting in longer timers and higher costs for Bitcoin users to verify transactions.

This wild journey will continue, and like the Internet boom, we will see some big winners and some big losers in the end. Also, like the Internet boom or the uranium boom, it will improve those who get it early, while mass investors are always at the end and buy at the top.

Stay tuned!

Who can you trust when investing?

Fear and uncertainty caused by the coronavirus epidemic have spread around the world. On top of these problems, the issue of police brutality of black men has once again been brought to the attention of the world. News of the tragic murder of George Floyd by a Minneapolis police officer and the police killing of other black people have spread. Demonstrations, peaceful demonstrations and sometimes riots and violence have attracted interest in the United States and other parts of the world.

The world is in turmoil, and investment is not in people’s minds. However, many people have been financially affected by the epidemic, so money is an issue. They are probably looking for ways to make some money.

There are still many gurus who sign up for your stock investment newsletter and you want to trust them. They promise big expectations and make big demands. Their testimonials seem almost too good to be true. Probably they.

The so-called investment gurus are running their programs and even the unprecedented times caused by the coronavirus have affected everyone. They say there are attractive opportunities to invest in oil, banking, crypto, medical companies and more at this critical time. They have some more unusual names like Jon, Tom, Ken, Alex, Mark and Jeff, Jordan, Derek and Kyle in common Who can you trust? It’s hard to know.

Sometimes they promise a 100% return on your investment or they may be brave enough to promise $ 2,000 a year. They say you will probably get your return on investment with your first trade. If they promise big returns but don’t produce as claimed, it’s best to make sure they have a money back guarantee.

If that promise comes true, it will be a great opportunity and a blessing. However, often these are false promises that do not work. If you find a pay-as-you-go program, you may consider yourself lucky.

While losing is considered a win-win situation, it is a blessing in disguise. We can be happy without losing our shirts even though the gurus told us that we would win 100% or more with their recommendation. When going with the advice suggested by the guru, it is important to minimize your losses before you lose your shirt for talking. Winning is definitely the goal.

False claims and dead edges can bring a lot of stress. Small losses can be overcome without major losses. It is tempting to hear investment gurus follow their steps to get winning trades. But you can’t trust many or most of them. Research and learning is good so you can trust yourself to make the best decisions.

How to invest and make 40% per day

Did you know that in a few days you can be interested in up to 40% for your small investment? You can invest your money and eat nothing but your profits. Cryptocurrency gives you this opportunity to invest online with a 100% guarantee of return on investment.

Faced with this huge catastrophe facing the whole world, it is important for people to know the best way to live from the comfort of their home. There are many online investment firms that will pay you more than your employer. If you invest online with a reputable company, you will be able to access your financial security with ease. Others are playing games with their phones, consuming their resources away, and complaining of hard times while others are making money using their phones and investments that pay 40% interest in a few days have little resources.

There is no hope that life will return to normal due to this global epidemic, so, living in this unprecedented time is absolutely a matter of concern to help our family and our lives in general to take care of the global uncertainty.

It is recommended to look for online investments through cryptocurrency which allows you to make about 40% of your total investment. Life, for the time being, has shifted to how we can be online, so it imports our energy channel towards online trading.

There are many people who have no idea about cryptocurrency and how to take advantage of this high booming trading that has the power to take you to your desired financial level and there are people who have been studying business for a long time and have been looking for time without making up their minds about trading.

Cryptocurrency is a global currency that continues to appreciate in comparison to our regular currency, so investing in cryptocurrency is like mining gold because we are now in the future, the computer is taking over jobs and unemployment is getting worse day by day. Life goes on from what it should be (cryptocurrency). If you haven’t started investing in cryptocurrencies yet, you’re still living in the past.

You are probably looking for this opportunity where you can invest with a reputed company online and make stress free money and you need investments that do not require luck or prediction to earn your interest.

Things that look positive for cryptocurrency

Although the market for cryptocurrency markets has been revised in 2018, everyone agrees that the best has not yet arrived. There has been a lot of activity in the market that has changed to improve the tide. With proper analysis and the right dose of optimism, anyone who has invested in the crypto market can earn millions from it. The cryptocurrency market is here for the long term. Here in this article, we give you five positive reasons that can encourage more innovation and market value in cryptocurrencies.

1. Scaling Innovation

Bitcoin is the first cryptocurrency on the market. It has the maximum number of users and the highest value. It dominates the entire value chain of the cryptocurrency system. However, it is not without issue, the main obstacle of not is that it can handle only six to seven transactions per second. In comparison, credit card transactions average a few thousand per second. Clearly, there is scope for improvement in the scaling of transactions. With the help of peer-to-peer transaction networks at the top of blockchain technology, it is possible to increase the volume of transactions per second.

2. Legal ICOs

With cryptocurrencies on the market with stable values, new coins are being created that are designed to serve a specific purpose. Coins like IoT are created for the purpose of assisting the Internet of Things market in exchanging power currencies. Some currencies consider cybersecurity with encrypted digital vaults to save money.

New ICOs are coming up with innovative solutions that undermine existing markets and bring new value to transactions. They are gathering authority in the market with easy exchange and reliable backend activity. By giving investors more freedom and options in return, they are inventing technologies related to both mining and the use of specialized hardware for financial markets.

3. Clarity about the rules

In the current situation, most governments are researching the impact of cryptocurrencies on society and how its benefits can be extended to the community at large. We can expect that reasonable conclusions can be made based on the results of the study.

Few governments are taking the path of legalizing and controlling the crypto market like other markets. This will prevent ignorant people from losing money and protect them from losses. Regulations encouraging cryptocurrency growth are expected to appear in 2018, which is expected to pave the way for potentially widespread adoption in the future.

4. Increase application

There is a lot of incentive to apply blockchain technology in virtually every industry. Some startups are coming up with innovative solutions such as digital wallets, debit cards for cryptocurrencies, etc. which will increase the number of merchants willing to transact in cryptocurrencies which in turn will increase the number of users.

The reputation of crypto assets as a medium of transaction will be further strengthened as more people believe in this system. While some startups may not survive, they will play a positive role in the overall health of the market in terms of competition and innovation.

5. Investments from financial institutions

Many international banks are watching the cryptocurrency scene. This could lead to the entry of institutional investors into the market. Adequate institutional investment flows will propel the next step in the growth of cryptocurrencies. It has taken the fancy tricks of many banks and financial institutions.

Traditional cryptocurrency investors will be more accepted as well as reducing surprises and barriers around cryptocurrencies. This will lead to a lot of dynamism and liquidity needed for any growing financial market. Cryptocurrency will become the de facto currency for transactions around the world.

What is your government going to do about crypto?

Not wanting to reduce tax revenues, many countries are now actively considering what should be done about cryptocurrencies (CCs) and at least to some extent they think they need to control this market space to protect consumers. Considering that there are cases of hacking and theft and such scandals and incidents, consumer protection is being considered at this level. Other countries have similar regulatory bodies and most of them are working by failing to create proper regulations and perhaps the “rules” will be in place for years to come, as governments discover what works well and what doesn’t. Some of the advantages of CCs are that they are not regulated by any government or central bank, so how much control and control the government will impose can be an interesting tug-of-war for many years to come.

The biggest concern for most governments is the imposition of taxes on profits in the CC market space. The central question being addressed is whether CC should be considered as an investment or as a currency. So far most governments have tended to consider CC as an investment, like other products where profits are made using the Capital Gains model. Some governments see the CC only as a currency that fluctuates in daily relative prices and they will use tax rules like foreign exchange investments and transactions. It is interesting to note that Germany has forgotten the fence here, deciding that CC used directly for the purchase of goods or services is not taxable. It seems a bit chaotic and ineffective if all of our investment profits could become non-taxable if we use them directly to buy something – say a new car – every so often. Perhaps Germany will tune their policy or rethink it as they move forward.

Although there is no regular foreign law requiring CC exchanges to report CC transactions to the government, it is more difficult for governments to enforce tax rules. The global and distributed nature of the CC Marketplace makes it almost impossible for any one nation to know all the transactions of their citizens. Tax evasion has already occurred, as several countries provide global banking services that are often used as tax havens, sheltering funds from taxes. There Sisira of nature was born in a state of petty control and control by the government and it has both ups and downs. It will take time for governments to do all this by trial and error – it’s still all new and that’s why we call CC and blockchain technology “game changers.”

Stay tuned