My Crypto Currency Blog

 

  https://cryptotrader.tax/blog/the-ultimate-resource-list-for-crypto-traders-investors

  https://www.altcoinbuzz.io/reviews/altcoin-projects/cardano-vs-algorand-the-ultimate-comparison/

 https://guardianvaults.com.au/safe-deposit-box-sizes/ https://www.commbank.com.au/banking/safe-custody-vault.html

  Great youtube on using charts Candle sticks and trend lines. The Only CHART PATTERNS Technical Analysis & Trading Strategy You Will Ever Need 

  Introduction If you want to learn how to trade cryptocurrency, you’re at the right place. There are mountains of information available on the internet, which could easily overwhelm anyone, including a seasoned trader. To help you out, we have created this detailed guide to cryptocurrency trading for beginners updated for 2021. https://finbold.com/guide/cryptocurrency-trading/

  shows graph of Algo and BTC compared, good correlation, not 1 but positive  https://coindoo.com/algorand-price-prediction/

  https://www.investopedia.com/bitcoin-halving-4843769 another article https://bitcoin.com.au/bitcoin-halving/

  Thorough article on historical prices of BTC   https://99bitcoins.com/bitcoin/historical-price/ I got this off there,

  https://www.ledger.com/academy/migrate-your-crypto

  https://nsokol44.medium.com/why-algorand-is-the-best-cryptocurrency-a881b70a78f8 Algorand is the most legit, authentic, realistic, and practical cryptocurrency to invest in. There are so many aspects of this cryptocurrency that many do not realize actually places it leagues above other crypto. From both a use case, third party defi applications, and programming ease, Algorand is clearly a champion amongst crypto-currencies. Allow me to explain  why . Algorand is Easy Seriously, the whole crypto is just  w ay too easy to deal with. Algorand has its own wallet you can install on your computer (using myAlgoWallet) or your phone (Algorand Wallet) it is also supported by hard wallets such as ledger or trazor. It is listed on every exchange (coinbase, binance, crypto.com, etc), and it has a realistic supply for it to become widely used and widely adapted (10 billion Algos). Staking with Algorand is a No-Brainer Seriously, unlike other crypto-currencies such as Cardano, Tezos,...

  Tutorial: Pairing Your Algorand Wallet with Ledger Nano X https://www.algorand.com/resources/algorand-announcements/algorand-wallet-and-ledger-nano-x Algorand (ALGO) Install the  Algorand  app on your Ledger device to manage ALGO with  Ledger Live. The Algorand app is developed and supported by Ledger.  https://support.ledger.com/hc/en-us/articles/360012341980?docs=true

  https://www.thecryptomerchant.com/blogs/resources/what-to-do-if-your-hardware-wallet-is-lost-stolen-or-damaged This article provides step by step instructions on how to recover your cryptoassets if your  Trezor Model T ,  Trezor One ,  Ledger Nano X,  or  Ledger Nano S  hardware wallet is lost, stolen or damaged.   If your  hardware wallet  is lost, stolen or damaged,  you can easily and securely recover all of your cryptoassets, as long as you have access to the 12, 18 or 24 word recovery seed.    All of your cryptocurrency is actually stored on the collective Blockchain network. The hardware wallet stores the  recovery seed  that you backup offline, on paper or much better yet on a  stainless steel recovery seed backup device .   If you no longer have access to your hardware wallet, you can import the recovery seed into another wallet and you will regain access to all of your accounts, balances and ...

  Good article here Hardware wallets explained -  https://www.reddit.com/r/CryptoCurrency/comments/p4ur1d/hardware_wallets_explained/ Top 10 Crypto Hardware Wallets for Australia https://cryptonews.com.au/guides/best-crypto-hardware-wallets-for-australia Bloackstream Green   https://blockstream.com/green/ Blockchain   https://www.blockchain.com/wallet Exodus   https://www.exodus.com/ Algorand’s official wallet, built by the team that brought you the Algorand Blockchain  https://www.algorandwallet.com/ Ledger  Harware wallets Ledger Nano S Trezor (model 1)

  https://www.ato.gov.au/general/gen/tax-treatment-of-crypto-currencies-in-australia---specifically-bitcoin/?anchor=Transactingwithcryptocurrency#Transactingwithcryptocurrency A capital gains tax (CGT) event occurs when you dispose of your cryptocurrency. A disposal can occur when you: sell or gift cryptocurrency trade or exchange cryptocurrency (including the disposal of one cryptocurrency for another cryptocurrency) convert cryptocurrency to fiat currency (a currency established by government regulation or law ), such as Australian dollars, or use cryptocurrency to obtain goods or services. If you make a capital gain on the disposal of cryptocurrency, some or all of the gain may be taxed. Certain capital gains or losses from disposing of a cryptocurrency that is a personal use asset are disregarded. If the disposal is part of a business you carry on, the profits you make on disposal will be assessable as ordinary income and not as a capital gain. While a digital wallet can contai...

  https://cryptotrader.tax/integrations/btcmarkets https://cryptotaxcalculator.io/au/ https://bear.tax/australia/

  From  https://algorand.foundation/algo-101 Introducing the Algo - possibly one of the most important, native tokens ( coins ) in the world of cryptocurrencies today. The Algo is the native token of the Algorand blockchain. As such, the Algo has all the key features of the Algorand blockchain itself.  It's super-fast:  every transaction with Algo is complete in ~4 seconds. It's scalable:  whether you are the first transaction or the 10 millionth transaction in a day, your Algo transaction will still take place in ~4 seconds It's secure:  Algorand and Algo transactions are secured by the unique Pure Proof-of Stake consensus that powers the Algorand blockchain. It’s almost free to use:  unlike many blockchains, where every transaction is hugely expensive, every Algo transaction today, no matter the size, costs a fraction of a penny. In addition to these fundamental features, the Algo is a leading cryptocurrency because of its importance to the Algorand ...

  https://www.coinspeaker.com/guides/what-is-algorand-algo/ Algorand’s unique features remove the technical barriers that for years undermined mainstream blockchain adoption. These features are decentralization, scalability, and security. The guide explains how the platform has achieved that. Algorand ( ALGO ) is a blockchain designed to facilitate the future of finance. It is a platform that creates powerful decentralized applications (dApps) and financial primitives that will become the backbone of the future economy. Algorand focuses on offering decentralization, scalability, and speed by providing the infrastructure and tools that builders need to create applications and assets that billions can use. Ethereum’s high network fee has pushed dApp developers and  DeFi  traders to seek Algorand as alternative blockchain solutions, therefore, Algorand is addressing challenges that other competing blockchains are facing. Algorand (ALGO) is an open-source, decentralized block...

 

  https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/ The term cryptocurrency is generally used to describe a digital asset in which encryption techniques are used to regulate the generation of additional units and verify transactions on a blockchain. Cryptocurrency generally operates independently of a central bank, central authority or government. The creation, trade and use of cryptocurrency is rapidly evolving. This information is our current view of the income tax implications of common transactions involving cryptocurrency. Any reference to 'cryptocurrency' in this guidance refers to Bitcoin, or other crypto or digital currencies that have similar characteristics as Bitcoin. If you are involved in acquiring or disposing of cryptocurrency, you need to be aware of the tax consequences. These vary depending on the nature of your circumstances. Everybody involved in acquiring or disposing of cryptocurrency needs to keep r...

  https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/?anchor=Recordkeeping#Recordkeeping It is vital to keep good records for all your transactions with cryptocurrency, whether you are using cryptocurrency as an investment, for personal use or in business. You need to keep the following records in relation to your cryptocurrency transactions: the date of the transactions the value of the cryptocurrency in Australian dollars at the time of the transaction (which can be taken from a reputable online exchange) what the transaction was for and who the other party was (even if it’s just their cryptocurrency address). The sorts of records you should keep include: receipts of purchase or transfer of cryptocurrency exchange records records of agent, accountant and legal costs digital wallet records and keys software costs related to managing your tax affairs Keeping good records will make it easier to calculate and meet your tax obliga...

 

  Link:   https://tradesanta.com/blog/bid-ask-crypto-exchanges What do real-time bidding exchanges look like? On crypto exchanges, sellers set an ask price while buyers place a bid to state how much they’re willing to pay. Have a look! The process of exchange bidding looks very much familiar to an auction. Buyers and sellers buy and sell  assets by offering them up for bid, taking bids, and then selling the asset to the highest bidder or buying the asset from the lowest bidder.   Examine this snapshot of an order book taken on a bid and ask currency exchange HitBTC. If you look closely, you will see that there are two walls: green and red that represent the situation on the sellers’ and buyers’ sides.  What is bid and ask? Bid is the price the buyers are ready to buy at, and ask is the price the sellers are ready to sell for. Bid and ask prices constantly change, which you can see for yourself by observing a live order book on a crypto exchange. Examine the...

  As of now, there are over 5,000 cryptocurrencies listed on   Coinmarketcap , and probably twice as many that you’ll never know about.  That’s a lot. So, what is the best crypto to buy in 2021? In this article, I will share my 11 best cryptocurrencies to invest in for a strong, diversified portfolio. Whether you are looking for the next big cryptocurrency, or for which altcoins to buy to diversify, read on. Diversification Is Key There isn’t only one best cryptocurrency to buy.  Lots of cryptocurrencies have various use cases and promise to disrupt various industries.  Investing in cryptocurrency is risky, but  investing in only one is way riskier.  So make sure to diversify your crypto portfolio. Diversification is a great way to  hedge  your risk and increase your chances of being involved in the next hot cryptocurrency. Since I love diversification, my list of the best cryptocurrencies to invest in includes coins that: Land in differ...

  With increasingly competitive markets and a need for cryptocurrency exchanges to profit from dealing in alternative currencies, buying Bitcoin without fees has become incredibly difficult. There used to be fairly easy ways to get around paying fees when Bitcoin was gaining popularity, but now this has become difficult to do in a competitive, profit-driven marketplace.   There are still 5 ways you can buy Bitcoin without paying fees:  Peer to Peer Marketplaces  Purchase Bitcoin through eToro Using the Robinhood Investing app  Buying Through Lykke (In the EU) Taking Advantage of Maker Fees  While we have offered you the best ways to buy Bitcoin without trading fees, this has become incredibly challenging with full autonomy over your purchase. We will also highlight the places you can find some of the lowest fees across cryptocurrency exchanges so you can make the most of your trading and tips to avoid paying high fees.  ..... Full article here htt...

  What is the Bitcoin Halving (Halvening)? New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin's existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a "halving" or "halvening". In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25 BTC per block. In the 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC. .... https://www.buybitcoinworldwide.com/bitcoin-clock/

What Is Bitcoin Halving? To control the inflation of bitcoins as more and more are mined, there is a protocol programmed into the blockchain that reduces the miner’s reward by 50% for verifying transactions. Miners have an incentive for mining new Bitcoin blocks and adding them to the available world-wide chain of the cryptocurrency. There will only ever be 21 million Bitcoins available. Hence, as more and more are mined, they become more precious, thus solving the supply and demand problem. https://thecryptocurrencyforums.com/the-bitcoin-halving-process/

  https://www.investopedia.com/terms/p/paper-wallet.asp What Is a Paper Wallet? A paper wallet is an offline mechanism for storing  bitcoins . Unlike fiat currency, there is no physical representation of a bitcoin (or most other types of cryptocurrency). Rather, wallets that are used to store digital tokens are usually software programs that help to facilitate updates to the blockchain ledger when transactions are made. Paper wallets are different from so-called hot wallets because they operate separately from the Internet. However, they still do not store physical bitcoins; the paper quality of these wallets refers primarily to the method of access for the cryptocurrency owner. Paper wallets were primarily popular in the early years of bitcoin. In recent years, cryptocurrency users have tended to explore other methods of securing their holdings. KEY TAKEAWAYS A paper wallet is a printed piece of paper that contains keys and QR codes that are used to facilitate cryptocurrency ...