BLOGS

Best Online Brokers for Cryptocurrency Trading 2024 and Beyond…

Published

4 months ago

March 12, 2024

Cryptocurrencies have become a prominent asset class, and selecting the right online broker is crucial for successful trading. Here are some of the best brokers for buying and selling cryptocurrency in March 2024:

1. Robinhood:

Commission: $0, but built-in spread markup.
Account Minimum: $0
Overview: Robinhood is a user-friendly platform offering commission-free trading for cryptocurrencies. While it allows direct cryptocurrency ownership, be aware of the built-in spread markup. It also supports stock and ETF trades at the same low price.

2. Interactive Brokers:

Commission: 0.12-0.18% of trade value; $5 per Bitcoin futures contract.
Account Minimum: $0
Overview: Interactive Brokers provides access to four cryptocurrencies with low commissions. It allows trading of Bitcoin and Ethereum futures on the Chicago Mercantile Exchange, providing a comprehensive suite of investment offerings.

3. Webull:

Commission: $0, but built-in spread markup of 1%.
Account Minimum: $1 to trade crypto
Overview: Webull offers a solid option for cryptocurrency trading with no commissions on crypto trades. However, a spread markup of 1% applies. The platform includes charting tools and an impressive mobile app.

4. TradeStation:

Commission: $0, but built-in spread markup of more than 1%.
Account Minimum: $0, but futures margin depends on the contract.
Overview: TradeStation allows direct cryptocurrency trading with a spread markup of no more than 1%. Traders can also engage in Bitcoin and Ethereum futures trading.

5. Binance.US:

Commission: 0.57% of the transaction value or less; Bitcoin trading is free.
Account Minimum: $0
Overview: Binance.US is a specialized platform offering a wide range of cryptocurrencies. With a low commission structure that decreases with higher trading volume, it’s suitable for both beginners and advanced traders.

6. Coinbase:

Commission: Fees start at 0.6% on Advanced Trade.
Account Minimum: $0
Overview: Coinbase, a cryptocurrency-focused platform, allows direct trading of over 200 cryptocurrencies. While fees can be steep, it provides a secure platform for storing digital assets.

7. Kraken:

Commission: At Kraken Pro, fees start at 0.26%.
Account Minimum: $1
Overview: Kraken supports trading in over 200 digital currencies. With a tiered fee structure based on trading volume, it offers competitive rates for cryptocurrency traders.

8. Charles Schwab:

Commission: $2.25 per contract.
Account Minimum: $0, futures margin depends on the contract.
Overview: Charles Schwab, a trusted name in brokerage, allows trading in Bitcoin futures with a competitive commission of $2.25 per contract.

9. Tastytrade:

Commission: 1% of the trade value on the buy and sell, up to $10 per leg. Futures contracts at $1.25 on the buy and sell.
Account Minimum: $0
Overview: Tastytrade, in collaboration with Zero Hash, offers competitive pricing on cryptocurrency trades. The commission structure is 1% of the trade value, capping at $10 per leg.

Cryptocurrency FAQs:

What is cryptocurrency?
- Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology.
How to buy cryptocurrency:
- Cryptocurrencies can be purchased through cryptocurrency exchanges, online brokers, or payment services. Direct ownership or trading through futures are common methods.
What are the largest cryptocurrencies?
- Bitcoin (BTC) and Ethereum (ETH) are among the largest cryptocurrencies by market capitalization. Others include Binance Coin (BNB), Cardano (ADA), and Solana (SOL).
What are the risks of cryptocurrencies?
- Cryptocurrency investments come with risks such as market volatility, regulatory uncertainties, and security concerns. Prices can be highly volatile, leading to potential gains or losses.

Bottom Line:

Selecting a cryptocurrency broker depends on individual preferences and trading needs. Whether you prefer direct ownership or trading through futures, consider factors like fees, platform features, and security when making your decision.

BLOGS

Crypto Stock Predictions Through 2030

Published

4 months ago

March 12, 2024

madness_ecncmm

Key Points:

Crypto Winter’s End: Coinbase, Marathon, and MicroStrategy poised for growth as the crypto market warms up again.
Regulatory Shift: Approval of spot price exchange-traded funds (ETFs) and anticipation of Bitcoin’s upcoming halving contribute to the market’s resurgence.
Investor Interest: Investors eye potential in crypto-related stocks for profits as the market gains momentum.

Crypto Stocks Analysis:

1. Coinbase Global (NASDAQ: COIN)

Market Position: One of the world’s largest cryptocurrency exchanges.
Diversification: In 2023, Coinbase generated 34% of its trading volume from Bitcoin, 20% from Ethereum, and 11% from the Tether stablecoin.
Revenue Outlook: Analysts expect Coinbase’s revenue and adjusted EBITDA to grow at a CAGR of 9% from 2023 to 2026.
Future Potential: If Bitcoin and Ethereum reach new highs, Coinbase could outperform conservative estimates and excel through 2030.

2. Marathon Digital (NASDAQ: MARA)

Mining Dominance: Marathon is the world’s largest pure-play Bitcoin miner.
Operational Growth: Recorded a 210% increase in mined bitcoins in 2023, with an energized hash rate rising by 253%.
Market Consolidation: Marathon could potentially consolidate the Bitcoin mining market through strategic acquisitions.
Revenue Growth: Analysts project a 48% CAGR in revenue from 2023 to 2025, with potential for accelerated growth if Bitcoin’s price surges.

3. MicroStrategy (NASDAQ: MSTR)

Strategic Shift: Known as a slow-growth enterprise software stock, MicroStrategy shifted focus by making substantial Bitcoin purchases.
Bitcoin Holdings: Ended 2023 with 189,150 bitcoins, comprising nearly two-thirds of its enterprise value.
Business Diversification: Expanding subscription-based analytics services to offset declining license and support revenue.
Long-Term Strategy: Bulls anticipate stability in MicroStrategy’s software business as Bitcoin investments mature.

Stock Performance Snapshot:

Coinbase Global (COIN):

Market Cap: $62B
Current Price: $254.17
Year-to-Date Change: (-0.95%)

Marathon Digital (MARA):

Market Cap: $6B
Current Price: $20.64
Year-to-Date Change: (-12.10%)

MicroStrategy (MSTR):

Market Cap: $25B
Current Price: $1,484.23
Year-to-Date Change: (+4.11%)

Predictions and Outlook:

Coinbase: Potential to outperform if cryptocurrencies reach new heights.
Marathon Digital: Positioned for market consolidation, potential accelerated growth if Bitcoin surges.
MicroStrategy: Long-term success anticipated as Bitcoin investments mature and software business stabilizes.

Note: Cryptocurrency investments involve risks; predictions are based on current market trends and assumptions.

Stay informed for updates as the crypto landscape evolves towards 2030.

BLOGS

Breaking News: Prepare to Reap Riches in This Crypto Boom

Published

4 months ago

March 12, 2024

madness_ecncmm

Key Takeaways:

Crypto Stocks on the Rise: As Bitcoin hits a new all-time high of $69,000, the upcoming Fourth Bitcoin Halving event in April is seen as a catalyst for a potential surge in cryptocurrency values and a subsequent boom cycle for crypto-related stocks.
Historical Performance: Analysis of historical data reveals that Bitcoin and crypto stocks have shown significant price increases in the 24 months surrounding past halving events, often outperforming Bitcoin itself.
Halving Event Explained: Bitcoin undergoes a “halving” event approximately every four years, where the supply of new Bitcoin is halved. This event is designed to control the gradual release of new Bitcoin into the market, similar to the mining of precious metals.

The Fourth Bitcoin Halving: A Game-Changer

In just weeks, Bitcoin is set to experience its Fourth Halving, a significant event embedded in the cryptocurrency’s protocol. This reduction in the supply of new Bitcoin has historically triggered what is known as a “boom cycle.”

Historical Performance Insights:

First Halving (November 2012):
- Bitcoin’s price surged from $2.50 to $1,000 in the 24 months surrounding the event.
Second Halving (July 2016):
- Bitcoin’s price rose from $270 to $2,500 within the 24-month period.
Third Halving (May 2020):
- Bitcoin’s price jumped from $7,000 to $60,000 in the 24 months surrounding the halving.
Current Scenario (March 2024):
- Bitcoin recently reached an all-time high of $69,000, signaling a potential start to the Fourth Halving boom cycle.

Predictions for the Crypto Market

The historical pattern suggests that Bitcoin could potentially surpass $100,000 by late 2024 or early 2025. As we approach the Fourth Halving, the crypto market is expected to enter a boom cycle that could last at least 12 months.

What Investors Should Know:

Early Stage of the Boom: We are still in the initial phase of the boom cycle, with the Fourth Halving yet to occur. This indicates that there could be significant runway ahead for crypto investments.
Upside Potential: The second halves of crypto boom cycles historically exhibit more substantial rallies than the first halves. This presents a considerable upside potential for investors.

FAQ

Q1: What is a Bitcoin Halving? A1: A Bitcoin Halving is an event that occurs approximately every four years, reducing the reward miners receive for validating transactions by half. This mechanism is designed to control the gradual release of new Bitcoin into the market.

Q2: Why is the Fourth Halving Significant? A2: The Fourth Halving is significant as historical data suggests it may trigger a “boom cycle” in the crypto market, leading to potential surges in cryptocurrency values.

Q3: How Long Do Boom Cycles Typically Last? A3: Boom cycles typically last at least 12 months after a halving event, with historical evidence supporting sustained growth in the crypto market during this period.

Future Outlook

The crypto market is poised for an exciting period with the Fourth Bitcoin Halving on the horizon. Investors are advised to stay informed and monitor developments as the market gears up for potential substantial gains.

Stay tuned for more updates as the crypto market unfolds its Fourth Halving and enters a new boom cycle.

BLOGS

Breaking News: Prepare to Reap Riches in This Colossal Crypto Boom

Published

4 months ago

March 12, 2024

madness_ecncmm

Key Takeaways:

Crypto Stocks on the Rise: As Bitcoin hits a new all-time high of $69,000, the upcoming Fourth Bitcoin Halving event in April is seen as a catalyst for a potential surge in cryptocurrency values and a subsequent boom cycle for crypto-related stocks.
Historical Performance: Analysis of historical data reveals that Bitcoin and crypto stocks have shown significant price increases in the 24 months surrounding past halving events, often outperforming Bitcoin itself.
Halving Event Explained: Bitcoin undergoes a “halving” event approximately every four years, where the supply of new Bitcoin is halved. This event is designed to control the gradual release of new Bitcoin into the market, similar to the mining of precious metals.

The Fourth Bitcoin Halving: A Game-Changer

Historical Performance Insights:

First Halving (November 2012):
- Bitcoin’s price surged from $2.50 to $1,000 in the 24 months surrounding the event.
Second Halving (July 2016):
- Bitcoin’s price rose from $270 to $2,500 within the 24-month period.
Third Halving (May 2020):
- Bitcoin’s price jumped from $7,000 to $60,000 in the 24 months surrounding the halving.
Current Scenario (March 2024):
- Bitcoin recently reached an all-time high of $69,000, signaling a potential start to the Fourth Halving boom cycle.

Predictions for the Crypto Market

What Investors Should Know:

Early Stage of the Boom: We are still in the initial phase of the boom cycle, with the Fourth Halving yet to occur. This indicates that there could be significant runway ahead for crypto investments.
Upside Potential: The second halves of crypto boom cycles historically exhibit more substantial rallies than the first halves. This presents a considerable upside potential for investors.

Final Word on the Crypto Boom

The data suggests that we might be on the brink of a massive crypto market boom, reminiscent of the 2020 and 2021 periods when various altcoins soared, delivering substantial returns. With a portfolio tailored for this b