Tuesday, December 19, 2023

$BIGG / $BBKCF BIGG Digital Asset’s set to take off. Here’s some reasons I think this is the ticket

BIGG has 3 companies/ Divisions all under the BIGG umbrella

Netcoins (the star) - Streamlines cryptocurrency transactions for Canadians and Americans. - Fast verification process (under 5 minutes) for secure trading.

QLUE - Combats financial crimes, including terrorist financing and money laundering. - Allows investigators to visually trace virtual money in Bitcoin and Ethereum transactions.

Terrazero (potential future star) - Focuses on developing and financing Metaverse companies and developers. - Enhances Metaverse usability and connectivity for web 3.0 experiences.

Additional value about the company:

BitRank Verified - Provides a "risk-scoring" service (BitRank Verified®) for wallet and transaction safety.

Forensic Services Division - Offers expert forensic investigation services for cryptocurrency-related security issues.

DEBT FREE - show me another crypto company that’s debt free. So many companies swim in day to stay afloat, but these guys are debt free: that’s huge.

In the last big 2021 run this stock ran to $5, which was a $1.5 Billion market cap

Last month has run a small 112%, currently $0.35 and a 111M Market cap. That’s a 14X to ATH but I think it can go further than that.

POTENTIAL CATALYSTS: 1. US Bitcoin ETF approval potentially early Jan 2024 (in a few weeks) - if that happens, Netcoins is going to take off, and that could be the catalyst we need to hit new ATH

  1. Bitcoin Halving April 2024
  2. There has historically been major Bitcoin runs after halving events, and major crypto runs. Again, would be huge for netcoins

No one has a crystal ball, but this is one of these scenarios where we can get in “early” before those 2 potential monumental catalysts.


The Holiday Market: Analyzing Crypto Trends During the Festive Season

As the world lights up with festive cheer, the cryptocurrency market, known for its volatility, presents an intriguing study during the Christmas season. Historically, financial markets have shown seasonal trends, and the relatively young crypto market is no exception. This article delves into the historical behavior of cryptocurrencies during the festive season, exploring the unique dynamics that play out in this digital financial sphere.

cryptocurrency market during the Christmas

Historical Analysis of Crypto Market During Past Christmas Seasons

Over the past few years, major cryptocurrencies like Bitcoin and Ethereum have displayed interesting patterns during the Christmas season. A retrospective look reveals that while some years witnessed significant rallies, others saw relative stagnation or even declines. For instance, Bitcoin saw remarkable surges in December 2017 and 2020, but experienced notable drops in other years. This inconsistency underscores the market's unpredictability and the myriad factors influencing it.

Potential Reasons for Seasonal Fluctuations

Several factors could contribute to these holiday trends. Firstly, holiday spending habits might prompt investors to liquidate some of their crypto holdings, impacting market liquidity. Additionally, year-end financial decisions, including selling assets for tax purposes, could also play a role. Global events, such as regulatory updates or economic shifts coinciding with the holiday season, have historically impacted the crypto market as well.

Comparative Analysis with Traditional Markets

In contrast to the crypto market, traditional markets like stocks often experience the "Santa Claus rally," a term denoting a rise in stock prices in December. However, the correlation between these traditional market trends and the crypto market is not straightforward. While some years show parallel trends, others diverge significantly, highlighting the unique factors at play in the crypto ecosystem.

Investor Behavior During the Holidays

The holiday season also brings about a change in investor behavior. Some traders may take a break, leading to reduced trading volumes, while others might engage more actively, speculating on year-end rallies. Financial analysts and seasoned traders often have mixed views on holiday trading strategies, reflecting the market's complex nature.

The Role of Sentiment and Speculation

The festive spirit and general optimism of the season can influence investor sentiment potentially leading to speculative trades. Social media and news outlets often amplify this sentiment, driving short-term market trends. However, it's crucial to distinguish between sentiment-driven speculation and fundamental market movements.

Looking Ahead: Predictions for This Christmas Season

Considering historical trends and current market dynamics, predictions for the upcoming Christmas season remain cautiously optimistic yet uncertain. Market analysts suggest a cautious approach, pointing to global economic factors and regulatory developments as key influencers. However, the inherent unpredictability of the crypto market means that any forecast should be taken with a grain of salt.

Conclusion

Understanding the seasonal trends in the cryptocurrency market is vital for investors. While historical data provides valuable insights, the crypto market's volatility and susceptibility to various factors make it unpredictable. As always, thorough research and a well-considered investment strategy are paramount, especially in a market as dynamic and evolving as cryptocurrency.

This article is for informational purposes only and should not be construed as financial advice. Past performance is not indicative of future results, and investing in cryptocurrencies involves risk, including the potential loss of principal. Always remember to DYOR.


Sell the News - But I’m not Selling

I think the ETF approval will be a sell the news event. Why? Basically because I think we’re going into a recession and risk on assets (which unfortunately Bitcoin trades as) will suffer.

But I’m not selling. Why? Because at best I’ll get some extra cash after I buy back in. At worst I’ll lose out on one of the most incredible price appreciation events of a generation.

The smartest thing to do is to not try to be smart. Accept what you don’t know and HODL.


Very strange Crypto Tax situation, looking for guidance.

Hello,

Because Crypto is such an insane place to make money fast for basically nothing, obviously the IRS has implemented a lot of laws and cracked down on audits. I'm trying to avoid being overly taxed and making sure I'm doing things right. But now every where you look, there's a crypto tax lawyer website with a minimum fee of $295 just to explain your situation and see if you even need to take it to the heights of one of these tax professionals. It's complete bullshit.

So here's what I have going on and hopefully someone can shed some light on this for me. I have a friend who gambles a lot on Bovada.com. To my understanding, it's online slots and poker and they're able to make a lot of money in one day. One of their withdrawal methods for winnings, is Bitcoin. They can do as many bitcoin withdrawals as they want per day up to 100k or something to that effect. But if they want to do a straight cash voucher to venmo or paypal...they can only do 4000 per day and within 24 hours.

They have been nice enough to basically include me in these winnings by me sending them an amount of money and they double or triple it. I'm not going to get into the specific amounts. But just as an example. I send them $500 USD, they gamble with it, make money on it and send me back $1000 USD in Bitcoin to my Coinbase. Which I then sell and get my money back plus more.

It's worked out great, I have my car paid off. They offered to continue letting me do this but I told them I'd like to hold off as tax season is coming up and this extra income has basically pushed me into the next tax bracket and I'm used to getting a tax return. Not oweing one.

When filtering your transactions in coinbase under taxes, you can label them as gifts. Which that's what I've been doing because technically...that's what this is right? I'm not paying for the crypto and neither is he. He's transferring it to me from Bovada. Which should not be taxable to me. But me selling it, is a taxable event. So am I answering my own question or am I missing something? Am I going to get taxed at a 100% rate because of this short term gain? Any input would be greatly appreciated. Thanks.