Website: https://www.thebalance.com

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8 selected articles

How Bitcoins Are Taxed - The Balance

By William Perez

Updated April 07, 2017

Whenever bitcoin is bought, sold, or traded, there are tax impacts. We'll discuss how bitcoins and other forms of virtual currency are taxed, and point out record keeping requirements and tax planning techniques that can be utilized. At the end you'll find resources for continuing your own research.

The big picture:

"The key thing going forward is...

Understanding the Various Ways to Invest in Bitcoin

By Danny Bradbury

Updated December 12, 2017

Could you and should you invest in bitcoin ? It's a tough question, and it depends on your appetite for risk.

Bitcoin is often touted as an electronic currency that will change the world, but it is also a highly volatile type of financial asset. In fact, many governments don't recognize it as a...

Investing in Other Cryptocurrencies Beyond Bitcoin

With a 6x return on investment in a year, investors from all backgrounds are taking notice. If you missed out on the Bitcoin explosion, are you too late to the game? Let's take a look at Bitcoin and other cryptocurrencies and their viability for a strong investment return.

What Are Cryptocurrencies?

If you are new to the game, cryptocurrencies are digital currencies that can be used for some...

How Much Power Does the Bitcoin Network Use?

It's a lot, but still less than San Jose uses

By Danny Bradbury

Updated October 05, 2017

Bitcoin may be a useful way to send and receive money, but all this financial liberation doesn't come for free. The community of miners who create bitcoins is using vast quantities of electrical power in the process. The process has led some experts to suggest that...

The Growth of Bitcoin Exchanges

By Jack Tatar

Updated December 11, 2017

The primary use of bitcoins was always envisioned as a form of currency. However, as a form of payment and currency, there's been a need to correlate it to a monetary value. Thus bitcoins are like all other currencies, in that their value may fluctuate, and this value can be denominated in various currencies, such as...

Bitcoin Mining in the Beauty of Iceland - thebalance.com

Bitcoin Mining in the Beauty of Iceland

Geothermal energy and room to grow makes Bitcoin a natural for Iceland

By Jack Tatar

Updated February 14, 2017

How to Short-Sell Bitcoin - thebalance.com

Is Bitcoin The Next "Big Short"?

If you're not familiar, shorting an investment is a relatively simple process-as far as the actual trading....

Is Bitcoin Mining Worth the Effort - The Balance

If a bitcoin is worth $1000 or more, as it was at the end of 2013, then bitcoin mining seems like a pretty profitable exercise, because you'll need to generate fewer bitcoins to make your money. If the price drops to $200, as it did a little over a year later, then it'll take longer to mine your bitcoins, meaning that you'll spend more on electricity.

Calculating the Profitability of...

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