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Socially Responsible Investing

Socially responsible investing is any investment strategy which seeks to consider both financial gain/return and the impact the company and it’s products have on the environment and the overall world. It is a way of considering and being responsible when considering what to invest in, as opposed to having the sole consideration as money and turning a blind eye to potentially harmful industries and products.

Socially responsible investors can vary as to what products/industries/movements they want to support and those they don’t. However, the overarching goals are to support business/corporate practices that promote environmental stewardship, consumer protection, human rights, and diversity.

 

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Taxes on Bitcoin

Presently the news seems to be indicating a belief many will not report Bitcoin and other cryptocurrency gains properly to the IRS and other taxing authorities worldwide. Obviously it is difficult to get a grip on how widely underreported any gains may be, but I believe that reporting these gains and paying the taxing authorities would ensure the governments gain or provide support for the future regulation and thus mainstreaming of cryptocurrencies as an asset class. Without regulation crypto investing and crypto currency will drive away a certain type of investor. Adding regulation in the future would certainly be a way to draw additional funds into the market and to satisfy the concerns of some. However, it seems this would take years to effect and at this point it remains uncertain that it ever will. Japan has now become a leader in the acceptance of Bitcoin and my belief is that they will benefit greatly from embracing cryptocurrencies with open arms. Hopefully the United States will follow suit, tax revenues will increase a bit from honest investors, and future regulation with ensue. New technologies and industries are many times seen with a skeptical eye by the mainstream media. In light of the same, it does appear many individuals and investors including hedge funds have accepted the fact that Bitcoin and other cryptocurrencies work as an investment (whether short or long term). Only time will tell whether more believers will follow suit.

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Bitcoin…..to Begin a New Bull Run?

Pantera Capital founder and CEO Dan Morehead has allegedly made a very bold bullish call on the future of Bitcoin. Forehead indicated a belief that Bitcoin will begin a new bull run in two weeks (based upon its historical patterns). This comes in light of a heavy downdraft in the cryptocurrency market overall in January after December 2017’s big run up. If you have been watching the news you have seen many who are negative on the cryptocurrency market overall, but who continue to praise the underlying technology (blockchain). Only time will tell which way Bitcoin and the overall cryptocurrency market will go. This writer has a belief that Bitcoin will survive and evolve along with the cryptocurrency market overall (though many of the present alt coins may disappear).

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