I'm sure you've heard the investing philosophy "be greedy when others are fearful, be fearful when others are greedy" - a quote from famous stock investor Warren Buffett. But there's more to this quote than people interpret on the surface. The quote basically tells us to be contrarian when it comes to market cycles, but I think it can also teach us a few deeper things about investing …
How Bitcoin Works (For Tech Dummies)
So Bitcoin is cool and all, but how does it actually work? Like what is happening under the hood? You've probably seen people talking about mining, immutability, hash rates, algorithms but for us tech noobs, we usually just gloss over that stuff. But you can't do that forever. Eventually you need to read about this stuff if you want to be educated about this space. So that's exactly what I …
A Guide To Using Your Ledger Nano Hardware Wallet
If you've already read my guide to wallets, you'll know that I highly recommend using a hardware wallet to store your cryptocurrency.This is because for the average person, keeping a web wallet or a paper wallet secure is arduous and more trouble than it is worth.Unless you're the type of person who loves cryptography as a hobby or is a die-hard crypto enthusiast, dealing with wallet security is …
What Is The Best Bitcoin Wallet?
If you've been looking to get into Bitcoin, you've probably heard the term "wallet" being thrown around, along with "wallet address" and "wallet type" and so on. Understanding what a wallet is and why you need it is important if you want to be involved in the Bitcoin economy. Let me explain: One of the biggest issues in cryptocurrency right now is security of your assets. As the …
Do you have to pay tax on cryptocurrency gains in NZ?
The IRD recently released a guidance on taxation of cryptocurrency. Here were the key points: There are no special rules for cryptocurrency. It is classed as property and taxed the same way. Taxation depends on intention at time of purchase (did you purchase for disposal or for investment/income?) Bitcoin is most likely to be given the same tax treatment as gold bullion. Moving …
A Guide To Purchasing Bitcoin On Independent Reserve (with NZD)
Purchasing Bitcoin in NZD can still be a tricky process, but luckily there are a few exchanges that allow you to do so. In my opinion, the best option by far for New Zealanders is Independent Reserve. This is an Australian exchange but also accepts NZ customers and allows you to trade in NZD. If you're ready to start purchasing Bitcoin and other cryptocurrencies, follow the guide below …
Bitcoin Price Prediction: $20,000 by 2020
Bitcoin slumped today to $4,300 USD, the lowest it’s been in almost a year. From it’s peak of just over $20,000 in December 2017, that’s a fall of almost 80%. Even worse than that, I don’t think we’re done yet. I think we could see Bitcoin at the $2,000-$3,000 mark at some stage. I don’t expect it to happen, but I definitely think it’s possible. However, here’s the thing about Bitcoin: …
Crypto Passive Income: Top Coins For A Long Term Dividend Play
How long is this bear market going to last! Answer: It doesn't matter. If you're a believer in this tech, it's only a matter of time before we hit new highs. Five months? Five years? To be honest I don't really care. That's because I've always taken a long term approach to my holdings, and one of the best plays for this type of portfolio is to invest for passive income. If you're …
What’s Happening In The Cryptocurrency Market
It's been a quiet few months in cryptocurrency, and I wanted to collect some thoughts here on what I see happening and what we might see happen in the forseeable future. One thing that is helpful in this situation is too look at historicals. The reason is, the markets is one place where history almost always repeats. We see this in the stock market all the time - a bull cycle lasts 7-10 …