Survey Shows The Most Common Mistakes That Crypto Investors Make
Crypto continues to wax strong as more investors come into the market. Like with any investing, crypto investing comes with its own unique problems. And investors are wont to make mistakes where there is money involved. A recent survey on CryptoVantage has shown the most common mistakes made by investors in the market. The survey […]
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The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli.
“You don’t have to pay taxes on crypto”
One very common mistake that people make is thinking they don’t have to pay tax on cryptocurrency transactions. However, crypto transactions are taxable, and the IRS is very capable of coming after you and your assets if you don’t comply. The IRS refers to cryptocurrency as virtual....
A survey conducted in the UK recently reveals that two out of every five investors initially know little or nothing about cryptocurrencies. Moreover, they admitted to seeing the sector to be “non-existent or poor” before their investment. The survey exposed the ignorance of the British crypto investors’ knowledge, motivations, and exposure regarding crypto investments. Related […]
Crypto traders love to “ape” and make “degen” investments using high leverage in futures markets, but most traders fall victim to these three key mistakes. Many traders frequently express some relatively large misconceptions about trading cryptocurrency futures, especially on derivatives exchanges outside the realm of traditional finance. The most common mistakes involve futures markets’ price decoupling, fees and the impact of liquidations on the derivatives instrument.Let’s explore three simple mistakes and misconceptions that traders should avoid when trading crypto futures. Derivatives....
The number of U.S. crypto investors is set to almost double in 2021, according to a new survey by Gemini. Nearly two-thirds of adults in the United States are interested in learning more about cryptocurrencies like Bitcoin (BTC) or holding them soon, according to a new survey.Gemini, a crypto trading platform owned by Tyler and Cameron Winklevoss, released a new State of U.S. Crypto Report, providing insights about consumer trends in the crypto market in the U.S. The data was collected from a national survey of 3,000 U.S. adults aged 18 to 65 with $40,000 or more in household income.The....
Cryptocurrency markets are volatile enough without making simple, easily avoidable mistakes. Investing in cryptocurrencies and digital assets is now easier than ever before. Online brokers, centralized exchanges and even decentralized exchanges give investors the flexibility to buy and sell tokens without going through a traditional financial institution and the hefty fees and commissions that come along with them.Cryptocurrencies were designed to operate in a decentralized manner. This means that while they’re an innovative avenue for global peer-to-peer value transfers, there are no....