It’s tax time and figuring out what you owe on your thousands of crypto transactions is an epic pain in the ass! I have been using Blockpit, which has made my life much easier. They are also an amazing sponsor of this newsletter. If you have not started doing your taxes yet, then you are FAR behind and need to get to it.I was able to easily import my trades directly from most exchanges. For those that do not have direct APIs for any tax platforms (Phemex + Voyager) I was able to easily download the transactions and format them to be used. The tax report was quick and easy to create in the app. I can also track the performance of my assets in the app, which helps a lot when planning for NEXT YEAR’S taxes (yikes).SIGN UP HERE and get a 10% discount.Goldman Sachs is back in Bitcoin...Yesterday, Reuters reported that Goldman Sachs was reopening their crypto trading desk. Those who were here in 2017 may remember that the first time they opened the desk was December 2017 - the top of the market. I believe this time is different and that it's not a "bad omen" as many on twitter (including Peter Brandt) have pointed out. It's just another piece of news.Within the same hour that it was announced Goldman Sachs would step back into the crypto markets to reopen their futures trading desk, the NY Attorney General sent out a public message warning America that “all investors should proceed with extreme caution when investing in virtual currencies. Cryptocurrencies are high-risk, unstable investments that could result in devastating losses just as quickly as they can provide gains.”Leave it to New York, the state with the most regulation, to put out such a blistering warning against both companies and investors. Luckily, this sentiment is not echoed in many states nationwide. Still, it's worth noting this aggressive stance.Arriving in the crypto market now places Goldman against a number of competitors including CME, CBOE, Fidelity, etc. More than likely, they have either decided there is enough upside in the market for their presence, or they have an edge in the market. Either way, Goldman has yet to make an official comment on the matter, which will likely release soon.The main point? The big players are here or are coming soon. And regulators are watching.This newsletter is also sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!I will be live streaming today at 2 PM EST, looking at Bitcoin and altcoin charts! Come hang out. https://www.youtube.com/watch?v=5glLCi50DSAIn This Issue:Goldman Sachs Is BackBitcoin Thoughts And AnalysisAltcoin ChartsTrading Tip, Try Linear FinanceCitibank Comments On Bitcoin21st Century Banking Is DeadThe Wolf Of All Streets Podcast Ft. Camila RussoMy Recommended Platforms And Tools
The Wolf Den #189 - Goldman Sachs Is Back
The Wolf Den #189 - Goldman Sachs Is Back
The Wolf Den #189 - Goldman Sachs Is Back
It’s tax time and figuring out what you owe on your thousands of crypto transactions is an epic pain in the ass! I have been using Blockpit, which has made my life much easier. They are also an amazing sponsor of this newsletter. If you have not started doing your taxes yet, then you are FAR behind and need to get to it.I was able to easily import my trades directly from most exchanges. For those that do not have direct APIs for any tax platforms (Phemex + Voyager) I was able to easily download the transactions and format them to be used. The tax report was quick and easy to create in the app. I can also track the performance of my assets in the app, which helps a lot when planning for NEXT YEAR’S taxes (yikes).SIGN UP HERE and get a 10% discount.Goldman Sachs is back in Bitcoin...Yesterday, Reuters reported that Goldman Sachs was reopening their crypto trading desk. Those who were here in 2017 may remember that the first time they opened the desk was December 2017 - the top of the market. I believe this time is different and that it's not a "bad omen" as many on twitter (including Peter Brandt) have pointed out. It's just another piece of news.Within the same hour that it was announced Goldman Sachs would step back into the crypto markets to reopen their futures trading desk, the NY Attorney General sent out a public message warning America that “all investors should proceed with extreme caution when investing in virtual currencies. Cryptocurrencies are high-risk, unstable investments that could result in devastating losses just as quickly as they can provide gains.”Leave it to New York, the state with the most regulation, to put out such a blistering warning against both companies and investors. Luckily, this sentiment is not echoed in many states nationwide. Still, it's worth noting this aggressive stance.Arriving in the crypto market now places Goldman against a number of competitors including CME, CBOE, Fidelity, etc. More than likely, they have either decided there is enough upside in the market for their presence, or they have an edge in the market. Either way, Goldman has yet to make an official comment on the matter, which will likely release soon.The main point? The big players are here or are coming soon. And regulators are watching.This newsletter is also sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!I will be live streaming today at 2 PM EST, looking at Bitcoin and altcoin charts! Come hang out. https://www.youtube.com/watch?v=5glLCi50DSAIn This Issue:Goldman Sachs Is BackBitcoin Thoughts And AnalysisAltcoin ChartsTrading Tip, Try Linear FinanceCitibank Comments On Bitcoin21st Century Banking Is DeadThe Wolf Of All Streets Podcast Ft. Camila RussoMy Recommended Platforms And Tools