IA News: Bitcoin, Ethereum, Cardano, Polkadot, Zilliqa, Elrond, Tax, Risk, SPX

IA News: Bitcoin, Ethereum, Cardano, Polkadot, Zilliqa, Elrond, Tax, Risk + SPX

Patreon.com/InvestAnswers

In today’s news, we cover Bitcoin and Bitcoin Dominance, AltCoin Season starring Ethereum, Cardano, Polkadot, Zilliqa, Elrond, Tax, Risk + SPX.

Disclaimer: This is not investment advice but it is Edutainment.

NEWS FLASH

0:00 Introduction

0:30 Miners Hodling

Heavy selling in Jan 2021

A little in Feb

Stopped in March

Accumulating in April

Supply shock forthcoming

1:30 Only 2.4M Coins In Circulation

Drainage accelerating

2:12 No longer too small

Now it is an asset class

Don’t waste your time reading the article, the answer is simple: yes

Bitcoin Too Big to Fail?

2:40 2T crypto mkt cap

Doubling in 90 days

Ether, Binance Coin, Polkadot, Tether & Cardano combined value = about $422 billion

BTC Dom 57% from near 73% in Jan

3:40 BTC Dominance Bitcoin Domination falling

Back to Sep levels

Is AltCoin season here…

Or not?

4:05 Michaël van de Poppe Max Price Targets Some are broad brush strokes

Do not trade based on this

Let’s look at Percentage Gainers

Price Now

Low End

High End

Bitcoin

$57,000.00

$350,000.00

$450,000.00

Ethereum

$2,100.00

$10,000.00

$17,500.00

Cardano

$1.18

$10.00

$20.00

Polkadot

$44.00

$250.00

$350.00

Zilliqa

$0.21

$5.00

$7.00

Elrond

$166.00

$500.00

$700.00

5:15 Michaël van de Poppe Max Price Targets Some PERCENTAGES

ETH and BTC returns are similar to DOT, slightly less than ADA and better than Elrond!

ALTCOINS

6:40 ETH vs ADA Beta Compared

Beta coefficient is a measure of an investment's systematic risk

Standard deviation is a measure of an investment's total risk - ie standard deviation measures the risk of individual crypto

8:27 Moon Coins may do well - but you have to look at relative risk

When you compare returns - considering the added risk it is dangerous to play the Alts

Moon Coins

9:08 Microstrategy After 30 days of lagging MSTR is back

BTC 25% gain over a month

MSTR 16% and catching up

Still buying DCA lacks

MSTR again + More BTC + JP Morgan Fund

10:30 Starbucks customers can now pay for items with Bitcoin

Bakkt digital wallet

500,000 users participated in testing before the launch

Not Just a Store of Value

11:40 Remember Taxes

IRS sees Bitcoin/Crypto as property

Exchanging, spending or selling Bitcoin is a taxable event

You have to recognize any capital gain or loss on the asset

12:20 IRS - 1040’s first page, it asks, “did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency in 2020?”

“creepy”

Now an asset class

12:58 You Think The Stock Market is Rising! Stocks aren’t “going up”, denominator, going down

Inflation eats FIAT and SPX

You need assets that grow faster than inflation

FIAT

INFLATION

14:00 Some of the Smartest Schools

With falling enrollment at least they have Bitcoin to fall back on!

14:30 Now you should be convinced: Suze Orman says buy BTC!

AOL Conference

15:00 Conclusions

Miners Hodling and BTC in circulation shrinking

BTC too big to fail now

2T Market Cap

BTC Dom back to Sep levels

Rem Risk and Return this Altcoin Season

MSTR at it again - DCA weak - 3BN profit made and JPM in

BTC not only a store of value - coffee

Remember taxes

Schools

Inflation and stock market

Want more?

(you know what to do!)

Recommended Reading >> bit.ly/32kRpzw