Some countries also tax money that is sitting in exchanges under the form of cryptocurrency. The USA tax this as « investment money », i.e. at the price level that it cost you to invest. Example: 5% investment tax. You invested 350 EUR in cryptocurrency. Regardless of its value now (whether 1 EUR or 150000 EUR), you pay 5% on the invested 350 EUR. However when you cash out you will have to declare this as financial income.
Note that not all projects will have hardware wallet support. For some of those, you will have to download a software wallet, which will run on either Windows, MacOS or Linux, or on mobile devices (Android and/or iOS). Android has an acclaimed wallet named Coinomi which supports multiple currencies, it is soon coming to iOS and seems to be the easiest way for beginners to handle their cryptocurrency without going through the pain of having a dozen of standalone wallets on their machines.
Merrill Edge is the online brokerage arm of Bank of America, which is open to all investors, regardless if they are a current banking customer. Alongside $0 trades, Merrill Edge offers excellent stock research (Merrill Edge was rated #1 for environmental, social, and governance “ESG” research). Also, Merrill Edge offers the best rewards program. Reward perks include credit card bonus cash back, savings interest bonuses, priority customer service, and more. My wife and I have personally been members of the program since it launched in 2014. It’s awesome. Full review.
The reality is that in the modern world - especially with the power of the internet - there is very little information that is not in the public domain somewhere. However, the world now has information overload. Whilst the information might be available, few people now have the time to find or understand it. The people who know these things and can 'join the dots' have regular opportunities for stock market investment.
Pump and dump: this characterises a movement where a group of people with influence will either spread rumours, share hypothetical information or shill (shameless promotion) about a given cryptocurrency project. Their followers will start to buy massively the related cryptocurrency, initiating a « pump » movement, i.e. price starts going up very high and fast. At the same time, the people who spread those rumours will leverage the high increase to do a « dump » movement, i.e. sell the same cryptocurrency (that they had bought at very low prices) at the newly reached high price. The result: the group that initiated the pump will make a large profit, while the people who jumped on the pump train (those who bought in because of FOMO, fear of missing out) will have bought at a high price and are now with an asset that is worth only a fraction of the purchase price
A market index tracks the performance of a group of stocks, which either represents the market as a whole or a specific sector of the market, like technology or retail companies. You’re likely to hear most about the S&P 500, the Nasdaq composite and the Dow Jones Industrial Average; they are often used as proxies for the performance of the overall market.
Why I’m buying: Spell out what you find attractive about the company and the opportunity you see for the future. What are your expectations? What metrics matter most and what milestones will you use to judge the company’s progress? Catalog the potential pitfalls and mark which ones would be game-changers and which would be signs of a temporary setback.