Examples of tax benefits (crypto trading)

Hello there!

I wanted to make thing blog post about Estonia and its e-residency.

Maybe you have heard before that Estonia is famous for its e-residency. A lot of startup companies come over here to be part of tax benefits and certain regulatory frameworks.

For example, I have a Spanish friend who is a professional poker player and he doesn’t pay any taxes because he is living over here and the taxes are not applied to the gambling players over here. In some countries, there are significant taxes for it.

Estonia itself is quite a cool and innovative country, which is not that expensive and is also not very cheap, so it sits exactly in the middle. The population is 1.4 million and the people are mostly nice here.

The application for the e-residency costs 100€ and the response for the application will be received usually after 4–5 weeks. After that you will have to wait to receive for you e-residency card which will be send to you.

Then if you are interested you can digitally apply to launch your own company. The cost of the OÜ (private limited company) is 190€. The application form online takes about 1–2 hours and the next day you should already receive your company registration number and you can start doing business.

Now, let's bring an example and say that you start trading Bitcoin with your Estonian company. You will be depositing 10 000€ and after 1 year your portfolio is worth 100 000€. As you will be thinking it is good time to leave the market and you will exchange all your crypto to Euros/Dollars. Now you will withdraw this money to your Estonion company bank account. Till this far, you do not have to pay any taxes.

Here in Estonia, we have a corporate tax 20% and also 20% VAT fee. If your company's taxable turnover is below 40 000€ annually (crypto trading is not taxable), then you are not obligated to register for the VAT registration number. It is good to have VAT registration in some cases, as you can claim the VAT fee actually back, but if you are crypto trader then it is not neccessary.

As well, if your company is VAT registered then you will have to do the monthly bookkeeping , but as a cryptocurrency trader (without VAT reg), you will just have to do the annual report once a year.

Now you have this 100 000€ in your company bank account. So far, if you do not pay dividends ( which is 20%, there are rumors, that it could be 14% soon) for yourself or pay salary for your employees, you do not have to pay any taxes of that 90 000€ profit.

And this is actually a very good thing. In some countries, you have to pay high fees of taxes, just for the sake of doing business, but in this case, you do not have to pay any taxes. As long as you do not take money out of the company, you are not obligated to pay any taxes. Now you even might be considered to register for that VAT registration number, because then you could claim the VAT fee back. Now you could be searching for brand new real estate, so you could apply to get the 20% VAT fee back if you buy a nice apartment. As well, you can start any other business. You could work on many business niches at the same time with one company.

Please be aware that this content is made 21.12.2019 and the context of the laws could change. So please do your due diligence before taking this information granted.

I hope this has brought you some value. If you have any questions, let me know. Have a great day!

If you are interested to learn more about Cryptocurrencies and the technologies behind them, then we also have a Facebook group called “Bold Crypto Learners” where we share some information to help each other out and keep up with the biggest news of the market. It is still quite small and we try to keep it as clean as possible from nonsense.

Link for the group: https://www.facebook.com/groups/1843474925973175

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How Can You Get Estonian E-Residency and Launch a Company? was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

Facebook launching its own “Libra” Cryptocurrency.

Hello hello.

It is interesting to see as time goes by that the fundamentals of the whole Cryptocurrency market are only getting stronger and stronger. The physiological effect of the bear market could have been quite bad for some of us, especially for the ones who did not manage to take their investments out at the right time. But if we look into the history of the traditional stock market, some of the biggest companies in the market have also had their similar downswings (including Amazon) and still have come out as very successful companies in the longer period.

Right now we are in a situation where there is more development in the market than ever before, though some people are still concerned if this whole “Crypto” thing is a scam and a thin air, which will end up very terribly for all of us.

I think this advice, will help us always all along the way in our lives.

If you don’t know the answer to something, find the smartest people who you can find to get the questions answered and make sure they really know what they are doing.

I have met people who have 20+ years of trading experience in the traditional stock market and they still say, that the whole Crypto thing is just a bubble.

But if you really start asking questions from them. Why do they say like that? Then it comes out, that they really have not taken their time to make their homework to research and they even don’t know the basic stuff.

Sometimes it is hard for people to be authentic and say that they actually don’t know the answers or they just blindly believe someone else and spread that belief to others. But what can you do? This is life and we all learn and make mistakes.

To me is fascinating that the biggest companies in the world: Visa, Uber, Paypal, Ebay, Amazon, Spotify, Samsung, IBM, Microsoft, BMW + many more, including some of the governments and the banks are somehow developing in this space.

Starbucks is saying that soon you can buy Cappuccinos with Bitcoin in their coffee shop and in the Ohio state of US you can pay taxes with it as well.

The biggest commercial bank of Thailand Siam Bank (SCB) is shilling Vechain on their website.

There comes the question, is it just a thin air or not?

Yesterday, the upcoming Facebook coin “Libra” had come out with its white paper.

This is their website: https://libra.org/en-US

Even Samsung has announced they are developing on Ethereum and may issue their own coin.

But why is it banned in some countries? Because they want to avoid all of this scammy fundraising and money laundering. I don’t think I know any country that has said that this space has no future. More likely everyone is welcoming the innovation and are looking at how they can have a solid legal and technical infrastructure so there would be discipline on the market.

These are the facts, I just hope people could really analyze the information they consume before they take it for granted. Yes, it might take time to understand, and it is an ongoing process of learning and exploring the whole space, but after a while, it all starts to make a little more sense to you.

Thank you for coming by!

Stay happy :)

If you are interested to learn more about Cryptocurrencies and the technologies behind them, then we also have a Facebook group called “Bold Crypto Learners” where we share some information to help each other out and keep up with the biggest news of the market. It is still quite small and we try to keep it as clean as possible from nonsense.

Link for the group: https://www.facebook.com/groups/1843474925973175

Feel free to reach out.

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Altcoin Magazine

Crypto, Is It Just A Thin Air Or Not? was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

By Heigo Vannik on ALTCOIN MAGAZINE

If you have been around for a while with Cryptocurrencies, Blockchain and Distributed Ledger Technology (DLT), then you might also know that another surging industry is the Internet of Things (IoT). There is a great evidence that these two industries actually have found themselves together to be a solution to overcome the growing pains.

But what is the Internet of Things (IoT)?

Maybe you have ever seen a movie, where our technology and society is well beyond our today’s reality? The keyword for that kind of technological advancement would be “connectivity”. These “things” that we every day interact with, they all will be having a unique ID and are able to communicate with each other and also produce consumer behavior data, which we as users should have the right to own and sell for the data consuming companies.

Let’s say we are missing some components of our favorite food, which is only made on Thursday evenings and as we are driving home in our car and the “smart home” is already setting the appropriate temperature for the stay, the screen on the car makes a proposal to start delivering all the missing groceries for our dinner.

Or maybe your dog is already starving and you are able to check it from your smartphone to make sure that little robotic device has done the feeding for you.

You might be asking yourself, why do we have to make this so complicated?

The answer to that is simple, to win our precious time.

And of course, not let your dog starve :)

As the industry grows, the whole complex will be deeper, as it is developing in layers and all sorts of data will be realized, which was never used before. For example, insurance companies can use the data for their risk calculation from individuals car driving behavior and even from the smartwatch they are holding, which shows how active someone is with their physical activities.

The Internet of Things as an industry has been under development for a long time, but it has been facing issues in terms of security, privacy leaks, inefficiency and high costs. It is estimated that this industry will connect 50 billion devices worldwide by 2020. The use of Blockchain technology can more effectively ensure that this kind of growth will happen, as it is solving some of the pain points for the industry.

How does Blockchain and Distributed Ledger Technology (DLT) help Internet of Things (IoT)?

The concept of Blockchain and DLT provides immutable data storage in a decentralized way, which will provide a less cost-efficient value transfer system in a secure way, as the computing power to support the network is distributed by the nodes.

This means that the entire network is not based on one central authority, but more likely hundreds or even thousands of individuals who support the network by running nodes in their devices and in regards are benefited by the reward system. This creates a much safer ecosystem, as the vulnerability is not at the central point, which in many cases has been the reason why some of the companies have been hacked. In this case, the hackers would have to attack the majority of the network at the same time, which is basically impossible at this moment of time.

If we talk about data, then it could become a worry for someone that even if I reveal my data, maybe it still gets exposed because of some privacy leaks. We know that people are willing to share their personal data if they know that it is 100% anonymous, especially if they get rewarded for sharing it.

But how do we know that this data is completely anonymous? Do I just have to believe the company who is storing my data, that it will not violate the rules by not sharing them?

No, actually there are companies aiming to have the technology/software that is built from the ground-up that if the person wants to stay anonymous, then the data company itself even don’t know from who the personal data came from but the tech and the software make sure that the data is accurate and has not been changed by the user.

For example, some of the companies approach to this industry is quite interesting, as they have made the incentive for manufacturers to interconnect their devices with their decentralized model, which will in return start generate income from the data revenue to the manufacturers.

On the other hand, we have projects who are being completely opposite, as they are developing decentralized operating system chips to integrate with devices, which saves a lot of headaches for the manufacturers, as they don’t have to worry that much, how to synch with software to be part of the Internet of Things (IoT) ecosystem.

One thing is certain that there is a vast amount of individuals aiming to build this Internet of Things ecosystem where we as everyday users at the end have the control over our data. Another exciting thing is to see how it actually all plays out. Personally, for me, it would make sense, that before we start using some kind of device, we actually have the option to opt-in and choose how our data will be distributed and revealed. Nevertheless, Blockchain and IoT have seemed to find each other and will play a significant part in our lives as this ecosystem is being developed.

Thank you for reading guys and do tune in again, as there is more stuff coming!

Want more? Catch up with me here:

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The purpose of ALTCOIN MAGAZINE is to educate the world on crypto and to bring it to the hands and the minds of the masses. This article was written and composed by Heigo Vannik on ALTCOIN MAGAZINE.

#investing #crypto #cryptocurrency #cryptocurrencies #blockchain #altcoin #altcoins #currency #cryptocurrencies #cryptocurrencynews #cryptoexchange #trading #cryptotrading #coin #coins #portfolio #investment

Internet of Things (IoT) With the Concept of Blockchain was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

By Heigo Vannik on ALTCOIN MAGAZINE

Hello there.

As the time passes by, I am more confident than ever before that Cryptocurrency space reflects as a huge opportunity for anyone who is willing to be intentionally really focused and learn this space to reap the benefits in the coming years.

Even if you are broke and have no money, you can actually make money here by participating in airdrops and bounties, which could be quite significant numbers for some people. So the question is more likely, are you really really hungry and be willing to navigate in this space where uncertainty is so frustrating for some people, though in the other hand, there are people who see this time as an enormous opportunity, which might last only for a couple of years.

And by a couple of years, I mean that, as there is still this uncertainty and the foundational construction of the whole ecosystem, there is actually an opportunity to be ahead of the crowd. If you are waiting for this obvious time where there are green lights everywhere for your confirmations, then you could be late with your execution.

This is especially true when you are a little guy, who wants to become a big guy. In times like these, the most advantageous ones who reap the best benefits could be single players, small teams, startups because most of the big institutions, corporations have already so much going on and are not willing to make decisions that fast to change completely their direction.

They are behind as the framework is being built and you have the chance to be ahead in this game. I am saying this only with good intentions and don’t want you to look back on this and get that regret, that you never pulled the trigger because you were closed-minded and never really took the time to understand this space.

As well, I don’t want to pressure anyone to do anything, but if you are the one who is been looking desperately for “opportunities” then this could be something where you can start your game on. Whether you want to invest, trade or launch a company, this space is here to stay and the people who use their resources most wisely will benefit the most.

Of course, this doesn’t mean everyone should be rushing to raise money through ICO (Initial Coin Offering), just because it is so much easier to do now. If you can’t fill some kind of gap in the market while creating value, then sooner or later that company will be just a thin air and you don’t want to have these “shady spots” on your name because you didn’t strategically think it through.

In the other hand, it is not that bad of an idea to watch this space and learn about it and see how the layers of the framework are being built, just to have the chance to recognize that opportunity when it is becoming available.

Then it is up to you, to prove your abilities with your A game.

As, well there are many investment opportunities, where the gains are nowhere similar to the traditional stock market. And by that I don’t mean you can’t find anything from there, it is just so much harder to find these “good” gainers, as the space is quite different and so much more mature over there.

You could also start trading by doing fundamental research, which means you don’t have to understand that much of these “confusing charts”. Just do a lot of research about the companies and people behind them and sooner or later you will find that good “gut feeling” to pull the trigger.

Here is some guidance for the start: https://medium.com/@boldlearner/how-can-you-make-money-by-investing-and-trading-with-cryptocurrencies-dba82f942075

If you have no trading/investing experience, then this could actually be a good thing, as you are not ruined by the rules and expectations of traditional stock market or some “well-known investor book”, where 15% per annual is a “good gainer” because the game in the Crypto market is absolutely different. And this is not to pull you into some “get rich quick scheme”, but more likely this is for the people who believe in their abilities and know if they really get focused with their game, they can make good results for themselves.

As always, you need to approach things in a smart way.

Whether your a businessman, investor, digital nomad, student, full-time employee, broke and depressed, there are opportunities for everyone. Learning and understanding are the foundation of everything. Be open-minded and you could find something good for yourself.

Thank you for tuning in guys!

I wish you all the best!

Disclaimer: The purpose of this post is to open a door for you guys and let everyone decide themselves if this space is solid or not. I am just a messenger and all of the content is for informational purposes and does not include any kind of financial advice. This means clearly that if anyone has made the decision based on this information to start some kind of activity in this space and the results are not as expected, then we can blame only ourselves.

If you are still having doubts about this space and need to find that confidence then check out one of our previous posts.

If you are still having doubts about Cryptocurrencies …

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The purpose of ALTCOIN MAGAZINE is to educate the world on crypto and to bring it to the hands and the minds of the masses. This article was written and composed by Heigo Vannik on ALTCOIN MAGAZINE.

The time where the little guy can become the big guy… was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello there.

I wanted to make this post to bring a real use case example where blockchain comes into play with one of the projects, I personally am looking forward to.

And this is something I want to share with you.

DecentBet (DBET)
Website: https://www.decent.bet/
Current price: https://coinmarketcap.com/currencies/decent-bet/

DecentBet is a decentralized online casino platform being built on Vechain Thor network. As of writing this, the price is stumbling around 0.10$, which is pretty much the ICO (Initial Coin Offering) price of the token, but the good thing is that this ICO was back in 2017 Q3 and they were already delivering, as a project who was actually building their product before the ICO. From there on when they hit the market they also had a nice price surge to almost 0.70$ at the beginning of 2018.

Now we are in a situation where the platform launch is just behind the corner. The reason why I am looking forward for this one is that they are building a product, which is “no-brainer”, as in terms of attracting customers to the platform, but as well investors who are looking for real business model in the Cryptocurrency space.

For customers, it is going to be an online casino platform with sports betting feature, which is totally transparent and decentralized. This means that it is built from the ground-up, as a fair platform with smart-contracts to ensure that all the operations on the platform are “as they suppose to be” and everyone can check the data to make sure that there is no violation of these gambling rules.

The thing with a traditional casino is “we as a players” can not be 100% sure that we were not part of some kind of false scheme deal when we lost our money. This is actually a huge concern in online gaming, as the operations on the platforms can be manipulated and nobody actually knows if they got ripped off or not.

The certain officials and license providers can do only so much about it, as this space is so huge and growing. This is where blockchain come into play by providing an immutable infrastructure/system, where you can check the legitimacy of the platform.

One thing what makes this project more exciting is that DBET token is not just a utility token for gambling on the platform, but they also have a “be the house” model, where you can lock in your DBET tokens quarterly to be part of the 100% profits (after expenses), which are distributed back to the token holders . This is quite unique approach, which could attract many individuals (investors) to hunt this thing down, as it provides an opportunity to receive passive income on a real business model.

And we know that house always wins :)

As well there is “white label solutions” for other companies to use DecentBet infrastructure to build their own platform, which can be bought only with DBET tokens from the open market. This is just another reason why the DBET token itself will have its demand, as there are many use cases for the token.

And if we talk about the team, then these guys are nice and humble with great background. As of CEO Jedidiah Taylor statement, they are more likely a team who is “underpromising and overdelivering”, which I think is a nice motto to go with, as there are many projects, who just hype to get the price up.

DecentBet has definitely not seen the attention of a wider public in the gaming space, but this time could come for sure because there is no other company at this stage with the combination of experienced team members and unique benefits what DecentBet offers.

Disclaimer: The purpose of this post is to open a door for you guys and let everyone decide themselves if this thing is a real solid project or not. I am just a messenger and all of the content is for informational purposes and does not include any kind of financial advise. This means clearly that if anyone has made the decision based on this information to buy into this project and the results are not as expected, then we can blame only ourselves.

Thank you for reading!

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I wanted to make this overview of what I think is important to know before getting started with cryptocurrencies.

First of all …

It is important to understand that Bitcoin (BTC) is the Godfather for all the other cryptocurrencies which means that in many cases you can buy altcoins (rest of the coins except Bitcoin) only with Bitcoin (BTC) and sometimes even with Ethereum (ETH).

This means that if you enter the market with your USD/EUR etc through an exchange then you probably need to trade it into Bitcoin or Ethereum (ETH seems to be faster and cheaper for transaction fees in this moment of time) and send it to another exchange where is better access to many other coins.

Unless you just want to hold the most common cryptocurrencies, you probably need to make multiple accounts for several exchanges to ensure the best access to coins.

Cryptocurrency market is big and there are many opportunities. A lot of new players are still entering the market with quite a significant reputable background which means if your timing is right compared to the “general market”, you could make some very nice gains.

In this case, many good projects might not be getting listed on the biggest exchanges at first.

A second important thing:

I think is noteworthy to be mentioned is if you have made the decision to buy into something then please compare the prices on the exchanges. In some cases, the difference could be quite significant as many exchanges do not have that much liquidity for all the coins.

I have a personal friend who bought one coin around 10x of the actual price…

But what can you do… lesson learned.

The best way for doing that:

1. Go to https://coinmarketcap.com
2. Choose your coin, etc Matrix AI Network (MAN) and click on it.
3. From the chart review go to “Markets”.
4. Now you should be here:
   https://coinmarketcap.com/currencies/matrix-ai-network/#markets
5. From there you should be able to see all the prices on exchanges.
6. Just make sure you dont pick up some low volume exchange because the price is just a little bit lower there.

Next:

You need to learn how the economy behind demand and supply works. This is important because many people fall into this psychological trap of “low price”. A lot of new players enter the market and think they are “smart” if they buy into coins which just cost a few cents.

Lets bring an example:

The reason why one Bitcoin costs so much is that the circulating supply is quite low compared to many other coins. There is going to be total 21 million Bitcoins (BTC) when everything will be mined, but if we look Ripple (XRP) for example then there is more than 39 billion coins and the price is way lower, but it stands in the top 3 (in this moment) in terms of market capitalization.

So even if Ripple (XRP) had the same market capitalization as Bitcoin (BTC) then the price wouldn’t even touch the same levels as Bitcoin is.

Please don’t get caught about this low price trap, as it is much more important to check what is the market capitalization and supply of the coin.

This is how you calculate it:

Circulating Supply x Price = Market Capitalization

For example, if all Bitcoin is mined:
Bitcoin (BTC) Price: 100 000$
Circulating supply: 21 000 000 (BTC)
Market Capitalization = ???

21 000 000 (BTC) x 100 000$ = 2 100 000 000 000$
Market Capitalization = 2 100 000 000 000$

And last but definitely not the least — Security:

1) New encrypted e-mail account.

Set up a new e-mail account exclusively for cryptocurrency exchanges and ICOs.
So far seems to be the best: https://protonmail.com .
Please don’t set up your normal personal e-mail as a recovery e-mail.

2) Two-factor authentication for exchanges and ICOs.

Install Google Authenticator to your phone.
Some exchanges have SMS OTP (One Time Password) option.
It is good to use all of the authentication options.

3) Get paid VPN (Virtual Private Network).

This will save you from leaving data on the network.
I have a personal friend, who had Protonmail e-mail and Google Authenticator, but probably got hacked because logged in a Public Wifi Network.
To be honest, I would avoid Public Wifi as much as possible.

4) Get hardware wallet to store your funds

At the moment seems to be the best Ledger Nano S.
Website: https://www.ledgerwallet.com/r/554e
This will get your coins off the exchange and you don’t have to worry if your computer gets a malicious attack.

Some of you may be thinking that all these extra layers of security are not required, as you think you will be fine.

We all think that, until we are not …

When you will be diving more in this space you will realize that there are some hackers moving around. You could come across people and bots in the chat rooms direct messaging you while impersonating themselves as team members of the project. Just make sure you don’t send anyone your funds or private key.

In addition, there are fake giveaways mostly on Twitter where they ask you to send a small number of funds first to verify the sender account and then in regards are promising to send bigger amount back.

As well sometimes you could end up on a phishing site. So make sure you are always on the official website when contributing to ICOs or downloading something.

Seems like a hustle?

Indeed it can be :)

Thank you for coming by my friends.

I wish you all the best!

Check out some of the previous posts:

If you are still having doubts about Cryptocurrencies: https://medium.com/@heigovannik/if-you-are-still-having-doubts-about-cryptocurrencies-8a091ab3e8cb

How can you make money by investing and trading cryptocurrencies: https://medium.com/@heigovannik/how-can-you-make-money-by-investing-and-trading-with-cryptocurrencies-dba82f942075

Hmm, what is on these other platforms?

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By Heigo Vannik on ALTCOIN MAGAZINE

The answer for that is simple.

Be that crazy guy who understands all of these confusing charts, market cycles, tech and watches the computer screen for 12 hours a day and you will have your success…

But this is not probably what you wanted to hear.

And I can ensure you that this is not the only way to do that.

There are easier approaches what you can follow at first as a side hustle to get yourself started to earn some money here.

If you are getting started then it is important that you enter the market right time. At the moment (while writing this) total market capitalization is $243,971,393,614 which is still okay time to enter, as we are slowly recovering from the latest correction.

But If some of you have come to a decision that you more likely want to take this market watcher standpoint then, of course, do that, but make sure you don’t buy in when all of the prices have skyrocketed and then complain when the market has made the correction.

But they told me you can make money here ….

Yes, you can but this market moves in cycles and you pretty much have to do the opposite what the general market does. When it is so obvious and everybody is talking that crypto will change the world while prices have skyrocketed then it could be a good time to consider exiting the market (just make sure you don’t sell too early when stuff starts to take off).

So the point here is, you buy in when there is doubt in the market and the media is mostly negative. This could bring us to that you need to do some “selling job” before to yourself.

If you have made that deep research and have found that confidence in this space, then it doesn’t matter if the “China bans Bitcoin” or not. You know in the long-term everything will play out fine with this space.

This leads us to the next thing. Take this as a long-term game. Don’t just try and make a quick buck searching for shortcuts. It wouldn’t be very smart to put in money what you will need at the end of the month, as everything might not go always as expected.

Take this as a long-term investment and put in what you don’t need in short-term and you can hold it here at least for a year.

After that keep on learning.

Education and understanding is the foundation. So many follow just other people and invest blindly in their shades and get rekt because they have no clue what they are doing. Your success will depend on yourself not on someone else. Of course, at first you need guidance, but try to learn as much as possible on the way.

There are many Facebook groups related to Cryptocurrencies and you can see people are promoting coins which are not quite the best decisions. We are not saying these coins don’t rise, it’s just that you can recognize that people are not quite sure what they are doing.

Which brings us to another thing, if there are so many people who have an enormous amount of “faith” in some coin then it doesn’t mean that it is actually a good choice to pick. Try to be smart and understand why some of the prices are surging and what is really behind it.

If there are a bunch of individuals saying that this (X coin) will be 100x by the end of the year then this is not a good reason for us to buy in if there is no valid backing of it. There has to be something more (unique tech, concept, team, partnerships, low market cap, news) besides “pure faith”.

One way to earn money here is that you position yourself before most of the others do and by this, we mean that you actually go to the companies websites through https://coinmarketcap.com and check their roadmap if something is coming up.

Maybe they have a product launch at the end of the month?

This could be a sign for a buy, but of course, you also have to do the background check. Does the product make sense? Who are these people, what have they done before? Do we have competition, what is our difference from them?

Sometimes you can also check which Venture Capital Funds have already invested in the project (try to find confirmations) just to get more of that secure feeling.

All this information, you can pretty much dig it out from the space of the internet. We encourage you to pick a bunch of companies which show interest to you and follow all of their social media channels (Facebook, Twitter, Youtube, Medium, Reddit) and unfollow all these cat videos and useless stuff to make your feed more educational for yourself. As well there are Telegram and Slack chat rooms (some have announcement channels), so you can ask questions directly from the team members.

You could also enable mobile notifications (some Facebook profiles, Twitter tweets, and Telegram/Slack announcement channels), so if something important is being released then you will be one of the first to hear about it which could give you a lot of advantage in terms of timing.

Buy the rumors and sell when the news appear is one motto to go with. Buy stuff when it is oversold and sell when it is overbought and don’t fall too much in love with some of the coins. No matter how great the project is, it is still okay to take profits and put it into other projects. Especially if you have been riding something for quite a while and have significant profits, then we would take some of that and put into next promising projects with smaller market capitalization.

As well, one option is to hunt ICOs (Initial Coin Offerings, which is like a crowdsale), where you can buy into projects in the earliest stage with the lowest price, but here we would be extra careful, as there is probably so much stuff which will disappear one day.

Just make sure the people behind it have a solid decent background and get yourself whitelisted, as some of them will get sold out quickly and might never do a sale to a wider public. In some cases, people who invest on the first day, get some extra % of coins/tokens, so always try to get that if possible.

There is definitely good ICOs to be found, as a lot of new players still enter the market who have a quite nice reputation from the traditional business world.

As well I think it is important to not over trade stuff. Take this as a learning process, be patient and don’t rush into making decisions.

In the beginning, you will probably follow many others which is not a bad decision, but try to get as many confirmations for yourself as possible and make sure that it makes sense for yourself.

The start is probably the hardest, but as the time goes by everything gets easier and you will start to recognize more opportunities and can begin believing more of your own instincts.

There is a saying - you know when you know :)

Thank you for tuning in guys!

I hope you have found some value from it and even made that decision to get started on this journey.

Check out some of the previous posts:

If you are still having doubts about Cryptocurrencies…https://medium.com/@heigovannik/if-you-are-still-having-doubts-about-cryptocurrencies-8a091ab3e8cb

Important things you need to know before getting started with trading and investing in Cryptocurrencies…https://medium.com/@heigovannik/important-things-you-need-to-know-before-getting-started-with-cryptocurrencies-cb373b8d7378

Hmm, what is on these other platforms?

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The purpose of ALTCOIN MAGAZINE is to educate the world on crypto and to bring it to the hands and the minds of the masses. This article was written and composed by Heigo Vannik on ALTCOIN MAGAZINE.

How can you make money by investing and trading with Cryptocurrencies? was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello everyone!

I wanted to make this quick write up about what is going on in the Cryptocurrency space.

First of all, if you are basically very new to this space and know nothing about it, then you need to understand that there are thousands of different cryptocurrencies, but you must also understand that all of these currencies are not “aiming” to be the next common currency (etc dollar, euro), which you can use for trading goods and services.

More likely most of these cryptocurrencies are companies based on Blockchain and Distributed Ledger Technology (DLT), which have their own use case to solve some specific problem while using the benefits what the technology itself provides.

But this write up is not about explaining the technology, but more likely to share a better picture for people, who are in the middle of still thinking if this thing is real or not.

Some of you may be thinking that it seems to be really shady. Maybe all of this will collapse and it is just a bubble and the whole market will disappear one day?

There are definitely people, who have these doubts and fearful thinking about this space.

And I think there are two types of people.

1. People who don’t know much about blockchain/cryptocurrencies and have not taken really the time to educate themselves to fully understand what kind of value this technology provides (funny thing is some of them still have very strong “opinions”).
2. People, who kind of understand the value it could offer to the economy, but they have such a disbelief that we could go through such a major innovative change/shift. They believe that the old framework is so strong and it is not possible to just rebuild all the existing models “which have been working nicely so far”.

I am not blaming these people for anything, as I know this space is still in its early stage and the content here is really technical which could be really overwhelming for some people to consume but I think if people are making the decision to not be part of it and just sit on the sideways, then they could miss out a lot in terms of opportunity. In some cases, if you have an existing running business, it could also end up as a significant loss of market share or even being completely wiped out.

But of course, anyone who doesn’t know what they are doing in this space could also get really hurt. This doesn’t mean, you just enter the market and it is all rainbows and money starts pouring in from everywhere.

In terms of investing if you enter the wrong time, you could be sitting on your bag for a very long time before you can start calculating your profits.

Like everything in life, it requires being smart and focused.

Anyway, if I stand sometimes in a situation, where I don’t know what to do or I don’t know the answer to my question, then I try to find someone who is way smarter than me and ask from them.

And in this case, I don’t mean an uncle who is earning 3 times more money or just a close relative who is quite a bit more experienced and only wants good for us.

I was thinking about sharing a little different approach…

What are actually the Top, Giant Players, Businesses, and Organizations doing in this space?

Here are some of the facts I want to share with you :)

1. The United Arab Emirates Government has launched blockchain strategy with the goal of becoming a world leader in the adoption of blockchain technology.
   Source: https://cointelegraph.com/news/uae-government-launches-blockchain-strategy-2021
2. 22 Countries signed declaration for European Blockchain Partnershipto prepare for the launch of EU-wide blockchain applications.
   Source: https://cointelegraph.com/news/22-countries-sign-declaration-for-european-blockchain-partnership
3. Over 90 central banks across the globe are engaging in research and development of the blockchain technology.
   Source: https://cointelegraph.com/news/banks-and-the-crypto-industry-asia
4. Police in the Indian state of Andhra Pradesh has made mandatory for hotels to use a blockchain based registry.
   Source: https://www.indianweb2.com/2018/05/05/andhra-police-ordered-hotels-to-deploy-blockchain-based-ai-solution-developed-by-local-startup
5. The Chinese government in cooperation with Tunlan Investment launched Blockchain Industrial Park in Hangzhou, in an effort to spend over $1.6 billion on Blockchain projects.
   Source: https://cointelegraph.com/news/china-and-blockchain-most-patents-and-more-governmental-funds
6. European Commission is starting to fight fake news with the power of blockchain.
   Source: https://cointelegraph.com/news/european-commission-to-fight-fake-news-with-power-of-blockchain
7. Facebook has announced that it has put together a Blockchain Team to start developing the tech.
   Source: https://itsblockchain.com/facebook-announces-its-first-ever-blockchain-team
8. Nasdaq is open to becoming cryptocurrency exchange as space matures more.
   Source: https://www.cnbc.com/2018/04/25/nasdaq-is-open-to-becoming-cryptocurrency-exchange-ceo-says.html?__source=sharebar|twitter&par=sharebar
9. South Korea’s central bank, the Bank of Korea (BOK), has recently announced it is considering cryptocurrencies and blockchain applications for its project “Cashless Society”.
   Source: https://cointelegraph.com/news/south-korean-central-bank-crypto-and-blockchain-to-provide-cash-free-society
10. China IT Ministry wants to create Official Blockchain Standards to boost the development of blockchain technology.
    Source: https://www.coindesk.com/chinas-it-ministry-moves-to-create-national-blockchain-standards
    Source: https://www.newsbtc.com/2018/05/10/china-to-establish-national-standards-for-blockchain
11. IBM and jewelry industry leaders are starting to use blockchain to trace the origin of diamonds.
    Source: https://cointelegraph.com/news/ibm-and-jewelry-industry-leaders-to-use-blockchain-to-trace-origin-of-diamonds
12. As this space is growing, there is ongoing some serious patenting. Among the many leading giants, Microsoft has acquired around 40 patents, IBM 25 and Mastercard 15 patents related to the blockchain.
    Source: https://www.blockchain-council.org/blockchain/prominent-blockchain-patents
13. Venezuelan national oil-backed cryptocurrency Petro will launch after the presidential elections in Venezuela.
    Source: https://www.ccn.com/venezuela-offers-india-30-oil-discount-on-petro-purchases
14. World’s Second Largest Software Company Oracle will start offering blockchain products.
    Source: https://cointelegraph.com/news/worlds-second-largest-software-company-oracle-to-offer-blockchain-products
15. Leading giant Walmart wants to store payment data on a blockchain.
    Source: https://www.coindesk.com/walmart-wants-store-payment-data-blockchain
16. American Express and Ripple have partnered to create a blockchain-based payment infrastructure.
    Source: https://cointelegraph.com/news/amex-partners-with-ripple-for-blockchain-payments
17. Huawei is releasing Bitcoin wallet in its AppGallery. The AppGallerywill be pre-installed on all new Huawei phones.
    Source: https://www.bloomberg.com/news/articles/2018-05-10/huawei-is-about-to-give-chinese-users-easier-access-to-bitcoin
18. Samsung is looking into blockchain for Its huge global supply chain.
    Source: https://cointelegraph.com/news/samsung-wants-to-use-blockchain-for-its-huge-global-supply-chain
19. Soros, Rothschild, and Big Institutional Investors are entering the crypto market.
    Source: https://www.newsbtc.com/2018/04/08/soros-rothschild-big-institutional-investors-entering-bitcoin-market
20. South Korea’s Largest Multi-Billion Dollar Conglomerates Enter The Cryptocurrency Market.
    Source: https://cointelegraph.com/news/south-koreas-largest-multi-billion-dollar-conglomerates-enter-the-cryptocurrency-market

And many many more…

I could keep on drawing this picture for you, but I think it is better for you to take the time off and continue by yourself :)

I hope some of you who had this doubt, could actually see now that yes this space is here to stay and there is no point to debate about it.

At times, yes we can see some negative articles about this space, but for every negative, I could bring out something positive which has supportive arguments about the benefits what the tech actually offers.

And every message might actually not mean what the “article of the headline” is saying. You just need to see it through and understand what is actually behind the whole message.

It is so important in this market to be able to filter and analyze while consuming the information so you could understand what makes sense and what does not because there is also a lot of crap out there.

Just from my heart to yours. The purpose of this post is to open a door for you guys.

Try to understand the benefits of this stuff on a deep level and then decide if it is worthy to be engaged or not.

We are not just talking about some currencies. There is a lot more behind it. One good example could be Steemit platform which purpose is to benefit content creators and consumers way more than the traditional social media platforms.

Check it out: https://steemit.com/@heigovannik

PS: It is still in its early beta stage, but you can already create content and get rewards for it.

Thank you for reading my friends!

I wish you all the best :)

Hmm, what is on these other platforms?

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Facebook: https://www.facebook.com/heigovannik
Instagram: https://www.instagram.com/heigovannik
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Steemit: https://steemit.com/@heigovannik