Successful Trader's Cheat Sheet
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A lot of people have made fortunes by mining Bitcoins. Back in the days, you could make substantial profits from mining using just your computer, or even a powerful enough laptop. These days, Bitcoin mining can only become profitable if you’re willing to invest in an industrial-grade mining hardware. This, of course, incurs huge electricity bills on top of the price of all the necessary equipment.


The term altcoin has various similar definitions. Stephanie Yang of The Wall Street Journal defined altcoins as "alternative digital currencies,"[20] while Paul Vigna, also of The Wall Street Journal, described altcoins as alternative versions of bitcoin.[21] Aaron Hankins of the MarketWatch refers to any cryptocurrencies other than bitcoin as altcoins.[22]
While cryptocurrencies are digital currencies that are managed through advanced encryption techniques, many governments have taken a cautious approach toward them, fearing their lack of central control and the effects they could have on financial security.[81] Regulators in several countries have warned against cryptocurrency and some have taken concrete regulatory measures to dissuade users.[82] Additionally, many banks do not offer services for cryptocurrencies and can refuse to offer services to virtual-currency companies.[83] Gareth Murphy, a senior central banking officer has stated "widespread use [of cryptocurrency] would also make it more difficult for statistical agencies to gather data on economic activity, which are used by governments to steer the economy". He cautioned that virtual currencies pose a new challenge to central banks' control over the important functions of monetary and exchange rate policy.[84] While traditional financial products have strong consumer protections in place, there is no intermediary with the power to limit consumer losses if bitcoins are lost or stolen.[85] One of the features cryptocurrency lacks in comparison to credit cards, for example, is consumer protection against fraud, such as chargebacks.
A Government money fund (as of the SEC's July 24, 2014 rule release) is one that invests at least 99.5% of its total assets in cash, government securities, and/or repurchase agreements that are “collateralized fully” (i.e., collateralized by cash or government securities). A Treasury fund is a type of government money fund that invests in US Treasury Bills, Bonds and Notes.
Essentially, any cryptocurrency network is based on the absolute consensus of all the participants regarding the legitimacy of balances and transactions. If nodes of the network disagree on a single balance, the system would basically break. However, there are a lot of rules pre-built and programmed into the network that prevents this from happening.
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One example might be when you have saved up a down payment for your first home and are simply waiting to find the perfect house. The stock market might be too risky since you want to buy the house soon and market volatility could eat up some of your investment. Yet the balance is large enough that you don’t want to miss out on earning interest by just having it sit in a conventional saving, or worse, checking account.
Simply stated, a mutual fund is a term used to describe a type of fund set up that doesn't do anything other than owning investments. The fund's management company hires a portfolio manager for the fund, and pays him or her a management fee, which often ranges between 0.50% and 2.00% of the fund's assets. The portfolio manager invests the money raised by the fund according to the predefined strategy laid out in a document called the mutual fund prospectus.
A money market account is a worthwhile investment if you value, generally, quick access to your account, a predictable APY and a federally insured account. There are other investments that may have higher rates of return, but they may also have potential risk of principal. So, a money market account may be a worthwhile investment for funds you can’t afford to risk. A high-rate money market account may be the perfect place for money that you intend to grow but may be needed in the near future.

Every transaction is a file that consists of the sender’s and recipient’s public keys (wallet addresses) and the amount of coins transferred. The transaction also needs to be signed off by the sender with their private key. All of this is just basic cryptography. Eventually, the transaction is broadcasted in the network, but it needs to be confirmed first.
One of the most important problems that any payment network has to solve is double-spending. It is a fraudulent technique of spending the same amount twice. The traditional solution was a trusted third party - a central server - that kept records of the balances and transactions. However, this method always entailed an authority basically in control of your funds and with all your personal details on hand.
Financial institutions surveyed include: Alaska USA Federal Credit Union, Alliant Credit Union, Ally Bank, America First Credit Union, American Express, Aspiration, Associated Bank, Axos Bank, Bank5 Connect, Bank7, Bank of America, Bank of the West, Barclays, BB&T, BBVA, Boeing Employees Credit Union, BMO Harris, Capital One 360, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens Access, Citizens Bank, Comerica Bank, Commerce Bank, Connexus Credit Union, Consumers Credit Union, Discover Bank, E-Trade, Fidelity, Fifth Third Bank, First National Bank, First Tech Federal Credit Union, GoBank, Golden 1 Credit Union, GS Bank, HSBC Bank USA, Huntington Bank, KeyBank, MetaBank, M&T Bank, Moven, Navy Federal Credit Union, Pentagon Federal Credit Union, PNC, Popular Direct, PurePoint Financial, Radius Bank, Redneck Bank, Regions Bank, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Service Credit Union, Simple, State Employees’ Credit Union of North Carolina, State Farm Bank, Suncoast Credit Union, SunTrust Bank, Synchrony Bank, TCF Bank, TD Bank,  TIAA Bank, Union Bank, UFB Direct, USAA, U.S. Bank, Varo, Wells Fargo and Zions Bank.
What to watch for: The Platinum Savings Account does have check-writing privileges. But there is a cost to ordering checks. Also, the account has a special interest rate that lasts for 12 months. This bonus APY equals to 1.95 percent APY. But the standard yield is 0.05 percent APY and will double to 0.1 percent APY for those who have their platinum savings linked to a Portfolio by Wells Fargo relationship.
Litecoin was one of the first cryptocurrencies after Bitcoin and tagged as the silver to the digital gold bitcoin. Faster than bitcoin, with a larger amount of token and a new mining algorithm, Litecoin was a real innovation, perfectly tailored to be the smaller brother of bitcoin. “It facilitated the emerge of several other cryptocurrencies which used its codebase but made it, even more, lighter“. Examples are Dogecoin or Feathercoin.
Institutional money funds are high minimum investment, low expense share classes that are marketed to corporations, governments, or fiduciaries. They are often set up so that money is swept to them overnight from a company's main operating accounts. Large national chains often have many accounts with banks all across the country, but electronically pull a majority of funds on deposit with them to a concentrated money market fund.
All of those factors make mining cryptocurrencies an extremely competitive arms race that rewards early adopters. However, depending on where you live, profits made from mining can be subject to taxation and Money Transmitting regulations. In the US, the FinCEN has issued a guidance, according to which mining of cryptocurrencies and exchanging them for flat currencies may be considered money transmitting. This means that miners might need to comply with special laws and regulations dealing with this type of activities.
Cryptocurrencies' blockchains are secure, but other aspects of a cryptocurrency ecosystem are not immune to the threat of hacking. In Bitcoin's 10-year history, several online exchanges have been the subject of hacking and theft, sometimes with millions of dollars worth of 'coins' stolen. Still, many observers look at cryptocurrencies as hope that a currency can exist that preserves value, facilitates exchange, is more transportable than hard metals, and is outside the influence of central banks and governments.
But while cryptocurrencies are more used for payment, its use as a means of speculation and a store of value dwarfs the payment aspects. Cryptocurrencies gave birth to an incredibly dynamic, fast-growing market for investors and speculators. Exchanges like Okcoin, Poloniex or shapeshift enables the trade of hundreds of cryptocurrencies. Their daily trade volume exceeds that of major European stock exchanges.
The U.S. News Best Mutual Fund rankings combine expert analyst opinions and fund-level data to rank over 4,500 mutual funds. Rankings reflect a variety of popular fund rating systems which track funds’ historical and current performance, risk and other metrics to help investors understand each fund’s overall strategy and quality. To learn more about how the funds are ranked, see the methodology.

You can open a money market account either online or in person. Be prepared to provide your Social Security number and contact information, along with at least one form of identification, such as a driver’s license or a passport. (For a joint account, everyone wanting access to the account must provide this information and valid forms of identification.)
You can open a money market account either online or in person. Be prepared to provide your Social Security number and contact information, along with at least one form of identification, such as a driver’s license or a passport. (For a joint account, everyone wanting access to the account must provide this information and valid forms of identification.)

I love the fact that we have proponents for trading and not just hodling alone but most confuse buying and holding coins as investment. That’s risky because most commentary about future predictions are wrong. Nobody knows for sure the future with bitcoin or the ALTs and speaking about capitulation and a reversal where the bulls take charge completely, you can only be sure when its already happened. A year ago, we thought it was a capitulation when btc dropped from about $20,000 to $6,000 and it was expected to quickly rebound and find a new hight, but unfunatly it didn’t happen that way everybody thinks. To do well with cryptos, you need to find a working system to use in expanding that portfolio over and over again until the next resistance which many believe to be in the range of $15,000. I got 3.2 more BTC, 5.7 LTC, 2 ETH and many other unpopular alt coins last month and all are now in trading, and applying a currency prediction tool called ATRS to bypass crypto market risk, I won’t divulge into that for now. The software is built and programmed with the ability to identify the rise of any cryptocurrencies when it’s high and indicating when to sell out in the crypto market keeping you at a maximized profit payout and also automatically opt out when the prices of any crypto is going low. The real money comes with Research, trading and Patience. I will stop here so I don’t bore you guys, but it is sure worth your time. in case you are interested in venturing into investing in Crypto and Digital Currencies, or perhaps you are trading them but you don’t understand what you are doing, Hope this advice helps because in the long run what it all comes down to, its just crypto, You and Me hopefully making the right decisions, feel free to get in touch with me, I will be sure to guide and assist you with any information you may need to invest in these new and unpopular crypto and digital currencies that are making waves at the moment. jaxonelliot001@gmailcom


Deciding which money market mutual fund is right for you is important, but this should give you some food for thought, and help you get started as you begin your search. Remember that the benefits of a money market fund are the liquidity they provide while maintaining interest rates which are better than you’d find in a traditional savings account or money market account. Also keep in mind that yields change daily.
The Money Market enables the commercial banks to use their excess reserves in profitable investment. The main objective of the commercial banks is to earn income from its reserves as well as maintain liquidity to meet the uncertain cash demand of the depositors. In the money market, the excess reserves of the commercial banks are invested in near-money assets (e.g., short-term bills of exchange), which are easily converted into cash. Thus, commercial banks earn profits without sacrificing liquidity.
What to watch for: Balances less than $5,000 earn 0.05 percent APY. So if you’re going to go below that amount, you probably should get an account with a lower minimum balance to get a competitive APY. There is also a $50 account closing fee if you close the platinum money market account within 90 days of account opening. Residents of Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri and Wisconsin are excluded from opening this account.
In general, the NAV will stay close to $1, but is expected to fluctuate above and below, and will break the buck more often.[24][25][26] Different managers place different emphases on risk versus return in enhanced cash – some consider preservation of principal as paramount,[24] and thus take few risks, while others see these as more bond-like, and an opportunity to increase yield without necessarily preserving principal. These are typically available only to institutional investors, not retail investors.

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There are two types of instruments in the fixed income market that pay interest at maturity, instead of as coupons—discount instruments and accrual instruments. Discount instruments, like repurchase agreements, are issued at a discount of face value, and their maturity value is the face value. Accrual instruments are issued at face value and mature at face value plus interest.
On 21 November 2017, the Tether cryptocurrency announced they were hacked, losing $31 million in USDT from their primary wallet.[71] The company has 'tagged' the stolen currency, hoping to 'lock' them in the hacker's wallet (making them unspendable). Tether indicates that it is building a new core for its primary wallet in response to the attack in order to prevent the stolen coins from being used.
An active investor who has time and knowledge to hunt around for the best possible short-term debt instruments offering the best possible interest rates at their preferred levels of risk may prefer investing on their own in the various available instruments. On the other hand, a less-savvy investor may prefer taking the money market fund route by delegating the money management task to the fund operators.
One of the most important problems that any payment network has to solve is double-spending. It is a fraudulent technique of spending the same amount twice. The traditional solution was a trusted third party - a central server - that kept records of the balances and transactions. However, this method always entailed an authority basically in control of your funds and with all your personal details on hand.
1) Irreversible: After confirmation, a transaction can‘t be reversed. By nobody. And nobody means nobody. Not you, not your bank, not the president of the United States, not Satoshi, not your miner. Nobody. If you send money, you send it. Period. No one can help you, if you sent your funds to a scammer or if a hacker stole them from your computer. There is no safety net.

Depending on a jurisdiction you live in, once you’ve made a profit or a loss investing in cryptocurrencies, you might need to include it in your tax report. In terms of taxation, cryptocurrencies are treated very differently from country to country. In the US, the Internal Revenue Service ruled that Bitcoins and other digital currencies are to be taxed as property, not currency. For investors, this means that accrued long-term gains and losses from cryptocurrency trading are taxed at each investor’s applicable capital gains rate, which stands at a maximum of 15 percent.
In 1998, Wei Dai published a description of "b-money", characterized as an anonymous, distributed electronic cash system.[12] Shortly thereafter, Nick Szabo described bit gold.[13] Like bitcoin and other cryptocurrencies that would follow it, bit gold (not to be confused with the later gold-based exchange, BitGold) was described as an electronic currency system which required users to complete a proof of work function with solutions being cryptographically put together and published. A currency system based on a reusable proof of work was later created by Hal Finney who followed the work of Dai and Szabo.[citation needed]
The Securities and Exchange Commission (SEC) issued final rules that are designed to address money funds’ susceptibility to heavy redemptions in times of stress, improve their ability to manage and mitigate potential contagion from such redemptions, and increase the transparency of their risks, while preserving, as much as possible, their benefits.

A high-rate money market account can be both a worthwhile investment and a shorter-term savings tool for liquid money. It’s a worthwhile investment for money that needs to earn a competitive APY (annual percentage yield) and be kept safe. One of the safest places is an eligible account at a Federal Deposit Insurance Corp. (FDIC) bank that’s within FDIC insurance limits. If your money market account is at an FDIC bank -- or has National Credit Union Share Insurance (NCUSIF) protection if it’s at an National Credit Union Administration (NCUA) credit union – then your account is covered if it’s within coverage limits.


While cryptocurrencies are digital currencies that are managed through advanced encryption techniques, many governments have taken a cautious approach toward them, fearing their lack of central control and the effects they could have on financial security.[81] Regulators in several countries have warned against cryptocurrency and some have taken concrete regulatory measures to dissuade users.[82] Additionally, many banks do not offer services for cryptocurrencies and can refuse to offer services to virtual-currency companies.[83] Gareth Murphy, a senior central banking officer has stated "widespread use [of cryptocurrency] would also make it more difficult for statistical agencies to gather data on economic activity, which are used by governments to steer the economy". He cautioned that virtual currencies pose a new challenge to central banks' control over the important functions of monetary and exchange rate policy.[84] While traditional financial products have strong consumer protections in place, there is no intermediary with the power to limit consumer losses if bitcoins are lost or stolen.[85] One of the features cryptocurrency lacks in comparison to credit cards, for example, is consumer protection against fraud, such as chargebacks.
Transaction fees for cryptocurrency depend mainly on the supply of network capacity at the time, versus the demand from the currency holder for a faster transaction. The currency holder can choose a specific transaction fee, while network entities process transactions in order of highest offered fee to lowest. Cryptocurrency exchanges can simplify the process for currency holders by offering priority alternatives and thereby determine which fee will likely cause the transaction to be processed in the requested time.
Like a traditional savings account, there's no set term for maturity with a money market account — you can park cash for an unlimited amount of time. But the way the institution can use your money is different from a savings account.Banks and credit unions can use the money deposited into money market accounts for low-risk investments, like certificates of deposit, Treasury notes and government-backed bonds. Institutions can mainly use the money deposited into traditional savings accounts for loans.

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1) Controlled supply: Most cryptocurrencies limit the supply of the tokens. In Bitcoin, the supply decreases in time and will reach its final number sometime around the year 2140. All cryptocurrencies control the supply of the token by a schedule written in the code. This means the monetary supply of a cryptocurrency in every given moment in the future can roughly be calculated today. There is no surprise.
As of February 2018, the Chinese Government halted trading of virtual currency, banned initial coin offerings and shut down mining. Some Chinese miners have since relocated to Canada.[32] One company is operating data centers for mining operations at Canadian oil and gas field sites, due to low gas prices.[33] In June 2018, Hydro Quebec proposed to the provincial government to allocate 500 MW to crypto companies for mining.[34] According to a February 2018 report from Fortune,[35] Iceland has become a haven for cryptocurrency miners in part because of its cheap electricity. Prices are contained because nearly all of the country's energy comes from renewable sources, prompting more mining companies to consider opening operations in Iceland.[citation needed]
If this sounds similar to banks’ high-yield savings accounts or money market accounts, it is. The largest difference lies in the ability for yields on money market mutual funds to rise proportionately with interest rates. For example, as interest rates have risen, the yields on most bank  money market accounts (which are set by the banks themselves) have stayed relatively flat, while money market mutual fund yields have increased.