Cryptocurrency Q&A

Riccardo Sat Mar 30 2024 | 5 answers 1083

Excuse me, I'm quite new to the world of cryptocurrency trading. Could you possibly assist me in understanding how much money I would need to invest in order to make a profit of $100 per day through trading? I'm aware that the crypto market is volatile and risks are involved, but I'm just trying to get a ballpark figure to see if it's feasible for me to achieve this goal. Could you please provide me with some insight into this matter? Thank you so much for your time and expertise.

Michele Sat Mar 30 2024 | 5 answers 927

So, can the Kraken really be killed? I've heard so many legends about this monster, but I've never heard of anyone actually succeeding in defeating it. It's said to possess incredible strength and regenerative abilities, making it virtually immortal. And even if one were to manage to wound it, its venom is said to be so deadly that it could kill anyone who comes into contact with it. So, is it really possible to kill the Kraken, or is it just a legend that will never be proven true?

Margherita Sat Mar 30 2024 | 7 answers 2091

I've been hearing a lot about cryptocurrencies lately, and I'm considering investing in some. However, I'm not sure where to store them safely. I've heard of Crypto.com, but I'm not sure if it's a reliable platform. Is it safe to leave my crypto on Crypto.com? What kind of security measures do they take to protect their users' assets? I'm really concerned about the safety of my investments, so I want to make sure I'm making the right decision. Could you please provide me with some information about Crypto.com's security measures and whether it's a good idea to store my crypto there?

Daniela Sat Mar 30 2024 | 7 answers 1157

I'm sorry to hear about your crypto being hacked. That must be a very frustrating experience. Now, regarding your question, whether you can write off hacked crypto depends on a few factors. Firstly, you need to determine if the crypto was stolen due to negligence on your part or if it was the result of a security breach on the part of the exchange or wallet provider. If it was your fault, then you might not be able to write it off. However, if it was due to a security breach, then you might have a case to write it off as a loss. Secondly, you need to consider the tax laws in your jurisdiction. In some countries, crypto losses may be tax-deductible, while in others they may not. You should consult with a tax professional to understand the specific rules in your country. Lastly, it's important to remember that crypto is a volatile asset, and its value can fluctuate significantly. If the value of the crypto you lost has decreased since the hack, then the amount you can write off may be limited to the current market value. Overall, writing off hacked crypto can be a complex process, and it's best to consult with a professional advisor to ensure you're taking the correct steps.

KpopStarlet Sat Mar 30 2024 | 7 answers 1650

I've been hearing a lot about Bybit lately, and it seems like a popular platform for trading cryptocurrencies. However, I'm a bit concerned about its legality in the United States. Is using Bybit in the U.S. illegal? I've read some conflicting information online, and I'm not sure who to trust. Could you clarify this matter for me? I'm particularly interested in knowing if there are any regulations or laws that prohibit its use in the country. Additionally, if it is indeed illegal, what are the potential consequences of using Bybit in the U.S.?