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How the Saint Lucia Citizenship By Investment Program Can Benefit Crypto Investors Seeking a Tax Haven

  Photo by yousef alfuhigi on Unsplash Cryptocurrency investors are always on the lookout for tax-efficient solutions to minimize their tax liabilities. One option that is gaining popularity among investors is the Saint Lucia Citizenship By Investment Program. In this article, we'll explore how this program can benefit cryptocurrency investors looking for a tax haven country. Saint Lucia is a sovereign island country located in the Caribbean Sea. Its Citizenship By Investment Program (CIP) was established in 2015, allowing investors to obtain a second passport by making a qualifying investment in the country. Saint Lucia's CIP has become a popular choice for high-net-worth individuals and entrepreneurs seeking a safe haven to protect their assets and minimize their tax liabilities. Saint Lucia's second passport permits travel to 145+ global countries visa-free, including the United Kingdom, Singapore, Hong Kong, as well as the European Union countries. The Saint Lucia pass

Bull markets make you money, bear markets make you rich

Costs can rise and fall significantly every day, and novice traders are frequently tricked into panic selling when costs are low. Digital currencies won't disappear, and leaving your cash in the market for months or years all at once could offer you the best rewards.

Automate purchases
Similarly likewise with standard stocks and offers, it can assist with computerizing your crypto purchases to exploit dollar-cost averaging. Most cryptographic money exchanges, including Coinbase and BlockFi, permit you to set up repeating purchases. This is the place where crypto investors advise the platform to buy a fixed amount of their favored digital currency consistently - for instance, $100 worth of bitcoin. It implies they purchase less of the crypto when costs are high, and somewhat more when costs are low. That removes the pressure from attempting to time the market by either purchasing cash at what you believe is the most reduced conceivable cost or selling at the most exorbitant cost. It's something that even market experts battle to get right.

Use trading bots
Trading bots can be valuable in certain conditions, however, they don't come suggested for beginners searching for crypto investment tips. Often, they are simply scams in camouflage. Assuming a genuine calculation existed that coordinated your trade exchanges flawlessly, everybody would utilize them.

Purchasing in light of the fact that the cost is low
Low costs don't generally address deals. Now and then costs are low which is as they should be! Keep an eye out for digital currencies with falling client rates. Regularly, as well, engineers leave a task and it quits getting appropriately updated, making the digital money unreliable.

Going ‘all-in’
A portion of the more suspect trading platforms recommends you ought to maximize your cash by wagering however much as could reasonably be expected. This is a speedy way to the poor house. Better crypto investment tips are just to utilize a specific extent of your investing capital - say 5% - and consistently keep an emergency cash fund that never gets put into the market.

Thinking crypto is ‘easy money
There's nothing simple with regards to bringing in cash through exchanging any sort of monetary resource, regardless of whether stocks and shares, products like silver and gold, or digital money. Any individual who says contrastingly is presumably attempting to fool you into committing crypto errors.

Know your crypto language
There is a ton of language out there in crypto land and frequently it tends to be hard to interpret.

Utilize this supportive rundown to benefit as much as possible from the best crypto tips and evade normal digital currency botches that could explode your trading account.

A portmanteau of "alternative" and "coin", altcoin alludes to any cryptographic money other than the first one, bitcoin.

Cryptocurrency exchanges
Very much like ordinary stock exchanges, the likes of Coinbase, Binance, BlockFi, and ShakePay permit traders and investors to trade - then again, actually, here they are exchanging cryptocurrencies. Not at all like standard securities exchanges, cryptocurrency trades are online-only and are open 24 hours every day, 7 days per week.

"Shorting" digital currency implies wagering on the cost going down rather than up.

A digital money fork is a part in a blockchain where two separate blockchains are made. This is some of the time yet not dependably due to a conflict between designers with respect to how the blockchain ought to be coordinated. In 2017, bitcoin forked into two separate blockchains: bitcoin and bitcoin cash.

An ICO is an underlying coin offering, similar to the first sale of stock (IPO), or float, in the stocks and offers the world. An ICO is a place where new cryptos are offered to financial backers interestingly.

Margin trading
At the point when stages talk about edge exchanging, they mean financial backers get cash to expand their bet on cryptographic money. Be extremely cautious, however, in light of the fact that edge exchanging can drastically fuel misfortunes on the off chance that an exchange doesn't turn out well for you.

Government-issued money is one that is upheld by a sovereign government. For example, authentic, US dollars or Indian rupees.

Cloud mining
Individuals can "mine", or make, digital currencies to vie for remunerations as recently stamped crypto. Cloud mining utilizes distant server farms with shared handling power, similar to the sort that powers Google programming, to pool assets and cut the expense of mining. Be very careful, as many cloud mining organizations are simply tricks. A mind-boggling measure of processing power is expected to mine the top cryptographic forms of money. Anybody offering simple cloud-mining rewards is probably going to be a fraud.

Bull markets and bear markets
These are phrases acquired from customary financial exchanges. A bull market implies brokers are positive about the possibilities for specific speculation, meaning they will continue purchasing and costs will continue to rise - through in a bear market, dealers are anxious and costs will by and large fall.

Sell orders
A sell request is a guidance given by traders to a platform to sell digital money that they own when the value hits a specific level. In conventional business sectors, this is alluded to as a “stop-loss”.