Cryptocurrency
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Tax Tips for Cryptocurrency Investors
Trade in cryptocurrency assets can be highly profitable; however, investors must understand how the IRS treats these assets – including recognising taxable events and recording gains/losses. Taxable events for cryptocurrency transactions include selling it for fiat currency, trading one coin for another and using cryptocurrency to purchase goods or services. Furthermore, moving coins between wallets […]
Investment
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Understanding and Overcoming Investor Psychology Pitfalls
Investing isn’t only a financial challenge; it’s also psychological. Acknowledging potential investor psychology pitfalls will enable you to make more rational and data-driven decisions when making investments. Regret avoidance is one of the more prevalent investor psychology traps; this article explores three such traps and provides strategies to overcome them:. Loss Aversion Loss aversion is […]
