Did you know your cryptocurrency transaction is taxable?

Several investors are not aware of the tax rules governing cryptocurrency. It is a gray area that has left many confused. But it is your responsibility to know that any digital currency transaction is taxable by law. The lack of sufficient regulations and rules on this topic make it very ambiguous for an investor.

The Inland Revenue Service says that a cryptocurrency will be treated as property and not as currency. While not all cryptocurrencies have an equivalent substitute in real cash, bitcoin has and it is taxable.

What should you do when you sell bitcoin?

You must worry about taxes only when you sell the bitcoin and not when you buy it and hold it. Here is what you must do, should you transact in bitcoins:

  • Report the sales: Not all cryptocurrency exchanges are obligated to report a sale, unlike a brokerage firm which will send you a 1099 tax form when you sell your bonds or stocks. It is your responsibility to find out the tax liabilities and do the needful.
  • Treat as property: Just like you pay a tax when you buy or sell a property based on what profit or loss you made, you must pay tax for the virtual currency. So what you must do is to maintain a record with the following information:
    • When did you buy your crypto
    • How much did you buy it for
    • When did you sell it and for what price?

There are several other factors that need to be considered and for those not well versed in the taxation rules, it can be very confusing. Thankfully, there are several websites which focus on helping bitcoin investors understand the tax liabilities. They will guide you in determining what you need to pay and how to pay it and which are the forms that need to be filled to report your capital loss or gain.


Don’t ever try to skip your taxes because no one is watching currently. If the IRS discovers what you owe you will end up paying a hefty sum in penalties and fines. And in severe situations, you may be subject to criminal prosecution for evading taxes.


Don’t let taxes scare you from investing in bitcoin. There are several automated trading systems like the bitcoin code which help investors interested in cryptocurrency. The bitcoin code software makes trading in cryptos a breeze for one and all.



2 Simple Ways To Overcome Your Forex Trading Problems

Professional traders who have been in the market for a long time will understand the difficulties that could arise all of a sudden while trading. Even after these issues are resolved, a lot of investors avoid investing more money in the Forex market because they are apprehensive about the fate of the money. There is no perfect way to solve all your trading problems but there could be simple solutions to them. If you feel that your trading approach might be ineffective, try taking some risks to make more money but always ensure that you can afford to lose the money that you are investing. Similarly, if you feel that you might be doing things too aggressively, you could slow down for a while and see if it works for you.

Here are 5 simple ways to overcome the common Forex trading problems that could arise unannounced.

  1. Take some time off

If you have been trading incessantly and the signs of exhaustion are clearly showing, then you should consider taking a break from it. It is advisable to take some time off from trading to refresh your mind and start afresh. It does not take much to lure the greedy side of a trader, especially when you are glued to the screen for hours. If you have a trading plan, stick to it and if you feel that your plan is not working at the moment, then walk away for a while and come back when you are ready.

  1. Set and forget

There is a set and forget the rule that every trader must follow. If you are always unsure about how much money you can afford to risk per trade then you could follow these two simple steps:

  • Set aside an amount that you can afford to lose for a stretch of 20 trades and even then have enough money in your account to keep trading.
  • The amount that you set aside should let you place your trades and forget about it. You should be able to sleep peacefully at night after placing your trades.

If you have a significantly big position in the trade, you are less likely to sleep peacefully. If you wish to trade well and stay calm at the same time, then you could resort to trading bots like the QProfit System that does all the work for you with its automated mode. To know more about the QProfit system, you can visit its official website.

Top Reasons To Trust HBSwiss

Whenever there is a new product in the market, there are thousands of people speculating about its efficacy. The same is the situation with HBSwiss software. While many people have benefitted from the software, there are some who continue to doubt its efficacy. In their allegations, one of the things that stand out is whether the software is useful or whether “is it a scam?” to fool people. Let us find out what lies beneath these rumors.

The creation of the software

The software was created by Hans Berger who happens to be a Swiss National who has had a good deal of experience in Forex industry. He had created the software, keeping in mind the fact that all kinds of traders and investors should be able to make profits with a system that generates money at one simple click. Unlike other systems that accept as many traders in a day as possible, this software takes only a limited number of people per day. If you happen to miss the window one day, you can apply for it the next day. A system that believes in restricting the number of customers per day surely aims to maintain its impeccable standards of trading.

Is it a scam?

Despite the allegations, everything that is discovered the software shows that it is absolutely genuine. The system has been created to ensure that clients have an absolutely safe and friendly environment to trade in. Even if you have opted for the fully automated system, there is nothing to worry because your trade calls are in safe hands.

The trading process maintains high levels of security. Before applying for an account, all clients are required to go through a stringent process of verification so that only genuine traders or investors can apply.

The credibility of a trading system can be judged by its ability to help both beginners as well as professionals to gain profits. When a group of investors who have used the system for a while had been interviewed for their opinion on the system, they had a huge amount of appreciation for it. This is because both newcomers, as well as experienced traders, have only positive things to say. They are of the opinion that the system lives up to its claim.

Bottom line

It is but obvious that every new product in the trading market is bound to face allegations of all kind since there have been so many systems that are scams and nothing more. This software will hopefully change the approach of investors all across the globe.

Importance of managing your bankroll- how do you start your trading journey?

There are several options when you are looking for places to invest your hard-earned money. The interest rates, the way your money works for you and the way you take your withdrawals help you decide the best investment options. There are some places where you invest and can be assured of profits but might have to compromise on the liquidity. And there are some investments that are known for high equity-like trading in stocks and currencies. But here you would have to take your steps cautiously in order to reduce the losses.

The primary question- how much do you need to become a trader?

The answer depends on your personal choice and on the way you choose to trade. You can approach a brokerage firm and deposit your money. You have the option to create an online trading account and trust on a trading system like HBSwiss in order to execute your trades. And there are managed forex accounts for those who are looking to trade in forex. Before you use any product read a full report about it to gain confidence before you deposit.

Depending on the choice of trading platform, or trading bot or broker you choose the minimum amount you need to start trading would differ. There is no upper cap however on the deposit amount. But that should not tempt you to take a leap without really preparing yourself.

The first important thing in bankroll management is to start small. When you allow small funds and then start trading you would ensure that the losses, if any, are minimum. And another benefit is that you would easily be able to track your finances. Chances are that you might be buying more than one currency pair if you are trading forex, or more than one stock if you are trading equities. This means that you have more than one item to study and this would require more time and efforts. This might be a tough job, especially as an investor. So when you start small you can limit the number of instruments bought and do justice to each and every one of them.

So start small. A good idea would be to finalize your desired capital, to begin with. And then shortlist the brokers and trading systems that fall within your budget. Then work on winning back what you deposited.

The Truth About The Binary Options Trading

Every trading practice comes with its own set of pros and cons, which is not an exception in the case of this growing ‘Binary Options Trading’ practice and therefore, it is for the benefit of the eager traders like you, we are here to discover the significant truth surrounding this popular trading practice.

Is it legal?

The binary options trading practice is a novel way of trading the underlying assets, where, as a trader you are expected to predict the future growth of an asset, which when happens as predicted can offer you the profitable benefits, appreciably. As this approach reminds us of the practice of gambling, many fear to venture this trading practice doubting its legitimacy. But, fortunately, this practice is 100% legit, where even the popular countries like the U.S have started welcoming its growth.

Is it about the luck?

As stated above, you are expected to predict the accurate market movement of an underlying asset to enjoy the promising benefits aka the profits, which doesn’t mean it is all about your luck. Luck is although needed in every endeavor we make, it is not the entire driving source, which is also true in the case of this trading practice that very much depends upon your trading knowledge and the expertise to produce those desirous predictions, assuredly!

So, now, is it all about the trading expertise?

Yes, the trading expertise you possess can help you gain the profitable results in this trading practice, especially if you are not resorting to the favorable means of the technology. If you are keen to venture this practice, without possessing a greater expertise about the subject and, at the same time, crave for beneficial outcomes then, choosing the outcome of the technology aka the binary options trading robots is the only way!

Trading robots – are they real?

Artificial Intelligence is driving every field in this modern era, and therefore, it is unsurprising to discover its dominance in the field of binary options trading practice in the name of trading robots. These trading robots are designed to tackle the expeditious market movements skillfully by considering all the underlying nuances that cannot be easily carried out by a human trader, experienced or not. Therefore, anybody using a reliable binary options trading robot like the Fintech Ltd is expected to enjoy profitable trading solutions all the time when compared to the conventional means of trading practice. When you understand how profitable Fintech Limited is, all your worries and concerns regarding the automated binary options trading practice would escape, paving way for the acceptance of this more satisfactory modern approach!

Ethereum Code – The Ultimate Trading Abode

In the trading field, luck and success favor those traders who are able to make wise and smart choices of trading applications and software. There are a lot of such trading platforms available in the market that help the traders in getting into the trading world. But the tricky part is how they get hitched with the right platform that would help them in reaching the heights of profits and benefits. And for this, it is important that they get to know this field well before making a move forward with the trading platform. A detailed understanding of this market and a better understanding of the trading platform before making a deposit or investment here is actually the best thing that can help the trader in making the right choice.

Cryptocurrency market

Until now it was only the binary trading platforms and applications that were discussed and tested in this trading market. But now there is a new concept that has made its entry into this trading world with the same intentions of helping the traders with their profit dreams and almost all the functionalities and procedures of trading here are all the same but just that these are known by a different name, the Cryptocurrency trading platforms. This trading market has a lot of such software that has been successfully working and assisting the traders like the Bitcoin which is considered the pioneer in this market. And now there is an addition to this which is the Ethereum Code, another very reliable crypto trading platform.

A top to toe analysis

This is a very beneficial crypto trading software developed by a long time trader, Marc Weston. This application is believed to be one of the best and the most preferred one for its state –of- the- art abilities in helping the traders have a very convenient and comfortable trading experience here. It is capable of helping and proving all the necessities to all the traders and investors in traveling towards profits which are considered the major goal of any trade and trader. `Is it a scam` is a very common question by many traders because most of the recent ones that have sought entry into this trading field are all proved fraudulent but this system is a genuine and reliable system and this fact is very clear from the comments and investigation reports presented by the investigating team online who do a thorough check on any system trying to have its entry into this market.


Crypto Code- The Best Trading Broker Online

The introduction of Cryptocurrency trading brought a slight difference and innovation into the trading field by enabling a trade possible on cryptocurrencies. Yes, this is a new concept in the trading market and it is still an unknown, undiscovered field by many traders. But it is still a popular trading field among many traders and there are a lot of traders who are already active participants here making riches.


The major reason for many to stay away from this cryptocurrency trading is the lack of knowledge and learning about this field. This is very similar to binary trading online with the only difference- trade here happens on cryptocurrencies and not just on assets. And similar to the `n` number of trading platforms that we have for the binary trading, we have a number of cryptocurrency trading applications here too and picking the right and the reliable one for your investments would definitely bring in a good luck.

Here in these lines. We have the Crypto code which is considered a very reliable and a popular trading platform here that is clearing out all the mist and myths about this market false. Yes, this is making wonders in the market astounding all the traders by bringing their goals and intentions a reality.

Legit or scam?

This is a common query about any system that makes an entry into the market and it is, in fact, this very important doubt that proves a system legit and authentic. Crypto code was no less and when this went through tests, it was proved that it is a suitable platform for all the traders and that it is capable of helping them with enough money in the name of earnings.

All the comments and blogs prove that this is a very legit system and the traders can without a second thought take the assistance of this platform to enter the cryptocurrency trading field with their deposits. Moving ahead in this trading market with such a system is safe for both the traders and his money. Click here, on the official website to know more about this system and this personal visit to the website would actually help the trader know more about the software. This is, in fact, the best way to know a system, the comfort a trader would actually feel trading on the platform, the compatibility he or she has with the system etc…

Can You Make A Living Trading In The Market?

This is one of the most commonly asked questions. Read more about QProfit System to know that it is actually possible to trade for a career. And it does sound very fascinating when you think about leaving your full-time job and make a living trading.

This may seem to be a fantasy for most people but there are people who have actually left their job and started trading and are also doing much better than their regular job.


But what is important is that you need to take trading seriously and as a business. Novice traders do paper trading and then become overconfident and leave their full-time job.However, not all of them end up being successful and the majority of them only blow up their account.


A career in trading gives you freedom


Trading for a living gives you freedom.You can trade in a setting of your choice each day, take breaks whenever you want and can have your life when you trade to make money. But the truth is that trading is not easy.


It gives you freedom and makes you secure financially but you need a specific skill set and be able to tolerate risk in order to be successful as a trader. It is important that the trader reaches a level of excellence and masters the art of trading.


If you plan to leave your career to start trading then make sure that you practice hard and keep your eyes open and weigh the risks of taking this decision.


How do you start?

To begin trading the first thing that is important is that you have a tried and tested trading strategy. You need to be able to take the advantage of volatility and should be able to manage risk. You should make sure that the strategy is tested in different markets scenarios and with different asset classes as well. Also, make sure that you try out the strategy with real money.


Spend lots of time in educating yourself and everything that is there related to trading. Take out time each day to understand and improve your knowledge about the trading methods.


Before you starts keep at least one year’s income as a buffer. This is not something that you should trade with but so that you can pay your living expenses. This will let you have some peace of mind and so that you can trade without any fear.


4 WaysTo Tackle The Bitcoin’s Volatility

The bubble surrounding the Bitcoin’s market value is not something new, and at the same time, not something of a concern when it comes to your profitable trading situation. Yes, the cryptocurrency market is a nascent one, the world is still preparing itself to accept the contemporary changes happening in the world of currencies and therefore, the volatility is all understood and is expected to settle when the market and as well as the understanding of the people mature. But, as rightly stated by the Financial expert Ric Edelman of the Edelman Financial Services, the future is all about the digital currencies and hence, if your desire is to enjoy a secured financial future then, do not stop trading or investing in the Bitcoins, which can happen, without being bothered by its volatility when you follow the following 4 effective methods.

  • Buy to hold

If you are worried about the fluctuating market price of the Bitcoins then, stop concentrating on the short-term gains and instead, venture the long-term investment way that might allow you to experience a more matured trading situation of the Bitcoins. Once all these initial hiccups subside, there would be much more clarity and hence, pleasing profitability surrounding the Bitcoins that can favor your financial position greatly!


  • Invest wisely

Investing every penny you possess in the name of trading the Bitcoins would only hamper your financial situation even during the smooth market scenario and now, with the significant concern of volatility that is certainly not a sensible suggestion to follow. If you want to enjoy a safe trading situation with the Bitcoins then, only invest as much as you could afford to lose so that you are exempted from facing a devastating financial situation!


  • Hedging

Although hedging might hinder your chance of attaining the greater profitability when the market favors the growth of the Bitcoins, during an unfavorable situation it would secure your financial position greatly, as it allows you to lock in the future price of the Bitcoins! Say, you had purchased the Bitcoin for a value of 3000$ and you have decided to sell it at a future price of 3200$; if the market falls below 3000$ then certainly you had gained your profit and as well as saved your financial position and whereas, if the market rises more than 3200$, still you had nothing to lose even though your profitability is not so overwhelming!


  • CFD Trading

When you decide to venture Bitcoins CFD trading using the Crypto CFD Trader platform, you can protect yourself from the market volatility by going short or by opening short trades, which is a positive characteristic of the popular CFD trading practice!

All About Ethereum

If there is one other cryptocurrency that can be considered as powerful and as popular as the Bitcoins then, it could only be the Ethereum, whose position looks very promising for any beginner, who is eager to venture into this market. But, before doing so, it is indeed important to understand the nature and significances of this popular market to achieve the desirous result.

Ethereum – What is that?

By now, you all know that Ethereum is a cryptocurrency but, its benefits do not end there! In fact, Ethereum is more of a decentralized open software platform based on the prominent blockchain technology that allows the programmers to build and deploy various decentralized applications that can accomplish useful tasks. You may ask, what’s so special about this open software platform, which any other similar platforms do not possess. The specialty of this decentralized platform lies in the fact that nobody can tamper or hack the code present in it, no matter however they try to do so.

These codes that are written using the inbuilt programming language called the ‘Solidity’ either refer to the ‘Smart Contracts’ or the ‘Distributed Autonomous Applications (DApps)’. While smart contracts can facilitate the transfer of anything valuable, say the property or the money, the DApps are written to accomplish the specific purposes of its users. To execute these codes the developers should own the associated cryptocurrency called Ether that is the fuel required to run this powerful application of blockchain technology. To simply put, if you wish to create and deploy your own code in this Ethereum technology then, the fees required to accomplish the task is the ‘Ether’

Ethereum Vs Bitcoin

If Bitcoin is considered the ‘King of the Cryptocurrencies’ then, this Ethereum (Ether) can be considered the Queen, whose benefit lies more than just being the cryptocurrency.As seen earlier, it is mainly used to write decentralized applications that can solve certain significant purposes both to the user and the community that too without suffering any downtime and security threats. Since many prominent industries like the finance and the real estate are said to get benefited by these decentralized apps, many major businesses are eager to utilize this blockchain technology’s powerful feature and this proves the surging popularity and the significance of this cryptocurrency.

Mining of Ether

As said above, Ether is the price which anyone must pay to access this blockchain technology called the Ethereum, whose supply is restricted to 18 million per year. The news is, a new Ethereum block is being mined every 14 seconds, for which the reward of 5 Ether is being given to the computer that mined it. This shows the rate at which the availability of the Ether is declining but, that should not be the cause for you to worry as you can utilize uncomplicated ways like ‘Ethereum Code Crypto Robot’ to mine your own Ether! To know more on this, please go through this review!