This article will detail some of the complexities involved with portfolio rebalancing for cryptocurrencies. Theoretically, rebalancing should be simple, but there are complications that arise based on restrictions that are imposed by exchanges.
Read MoreMachine learning, deep learning, and advanced statistical analysis strategies will be a defining feature of the cryptocurrency space in the coming years. Throughout this article, we will discuss the companies that are pioneering machine learning models in the crypto market that can help predict asset prices.
Read MoreThe purpose of this article will not be to cover everything you will need to know about cryptocurrency, but to provide resources that can help you better understand the market. Over 5,000 cryptocurrencies have been launched since 2009 when Bitcoin first came to life, so researching each and every asset is nearly impossible. However, with the tools we discuss throughout the remainder of this article, you will have a strong foundation for ways to gather information and make informed decisions.
Read MoreAltcoins — what are those?
Investing in Bitcoin is already a stretch for many people used to traditional investment assets.
The thing is, Bitcoin is only the most well-known of a litany of digital assets making up the cryptocurrency market.
Read MoreDollar-cost averaging (DCA) is a strategy used by investors to reduce down-side risk of placing large sums of money into the market at one time. While this can be in the form of purchasing a single asset on a regular interval, it should also be considered as a way to regularly inject new funds into a portfolio.
Read MoreInvesting in Bitcoin is way easier today than it was just a few short years ago, or even last year! Bitcoin exchanges have made strides in softening up the user-experience from a hackery, hard to navigate one to a process on-par with using Amazon Prime.
Regardless of what technology the future brings, you can invest in Bitcoin right here, right now, by following the simple steps outlined in this guide.
Read MoreOf the many things that can and have been said about money, there is one that is probably true for everyone: money should hold value.
On the surface, this seems like a self-evident statement. Money should hold value — who would disagree? However, there is another layer implying that to hold value money should not lose value.
As such, money should store value by either retaining the value it already has, or increasing in value, but certainly not losing it. That's where the chorus comes in, singing about how Bitcoin is a store of value, but let's not get ahead of ourselves.
Read MoreAt first glance, the concept of slippage can be a scary thought. The idea that you could pay a higher price than expected for an asset is daunting. Thankfully, we can prevent slippage from having a substantial impact on our portfolio by strategically executing our trading strategy.
Read MoreThe exchange trade history is a way for traders to read the latest buy and sell trades that have been executed on an exchange. When a customer using an exchange makes a trade on a trading pair, the completed trade will be broadcast to the other traders on the exchange.
Read MoreThe Internal Revenue Service (IRS) allows individuals to use any accounting method for filing their crypto taxes in the United States. Just as important as it is to understand different algorithmic trading strategies to increase your profits, understanding different accounting methods decreases your tax bill on those profits.
To understand how to calculate your crypto taxes, you need to consider that the IRS treats crypto as property. You are taxed on your net profit, which is the sell price minus the buy price and fees (known as the capital gain/loss) for each trade.
Read MoreIn the Shrimpy Application, threshold rebalancing is a strategy which can be implemented by users to control for risk. Automating your portfolio has never been easier. In seconds, implement a dynamic cryptocurrency index fund which tracks the market or allocate a portfolio of your own design. Manage a diverse portfolio across numerous exchanges by linking each of your exchanges to the Shrimpy application.
Read MoreThe U.S. tax filing deadline, April 15th, is right around the corner. For most people, getting their taxes filed for the year is a painful process. This is especially true for those investing in cryptocurrencies, as reporting gains and losses in US dollar terms is required for every trade. In this guide, we’ll discuss different tax reporting tips that those leveraging crypto trading bots and automated strategies can use to make their crypto tax reporting easier.
Read MoreDue to the complexity of factoring deposits, withdrawals, and other situations into the performance calculation, we’ve put together a full outline of how to precisely evaluate your portfolio returns.
The time-weighted rate of return uses a more complex formula for calculating the performance of a portfolio over a time period. By factoring in deposits and withdrawals, we can accurately calculate the rate of return over a specific period of time.
Read MoreThe purpose of this article is to help cryptocurrency investors wade through the mania to create a well rounded portfolio that will stand the test of time.
Read MoreThis article is part of an ongoing series we are providing to help you improve your portfolio and decrease your risk.
Read MoreThe bulls are once again starting to see the light of day in the crypto market. When the mainstream media outlets begin to turn their attention back to cryptocurrency, traders will flood into the space. The explosive growth will result in millions of incumbents looking for a quick buck, threatening another bubble for this volatile asset class. Start out with the correct foot forward by reading this article and taking these lessons to heart.
Read MoreThis article is part of a series which discusses the lessons we have learned while developing our startup.
Read MoreThere is a belief in today’s world that feats of indescribable proportion were accomplished by a lone wolf. A single person who defied nature and attained greatness. This is false in every instance. A generation of entrepreneurs are wrongly being led to believe that they can succeed alone.
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