Category: Bitcoin

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How to make money in retirement UK

Making money in retirement in the UK can be achieved through various strategies tailored to your skills, interests, and financial needs. Here are some practical and popular methods:

1. Part-Time Work

Engaging in part-time work can provide a steady income stream and keep you active.

  • Options: Retail, consultancy, tutoring, or seasonal work.
  • Pros: Regular income, social interaction.
  • Cons: Time commitment, physical demands depending on the job.

2. Freelancing and Consulting

Leverage your professional skills and experience to offer freelance or consulting services.

  • Platforms: Upwork, Freelancer, PeoplePerHour.
  • Pros: Flexibility, high earning potential.
  • Cons: Requires self-marketing, variable income.

3. Crypto Investing

Investing in stocks, bonds, or mutual funds can generate income through dividends and capital gains.

  • Pros: Potential for passive income.
  • Cons: Investment risk, requires financial knowledge or advice.

4. Rental Income

Renting out property or a room in your home can provide a consistent income stream.

  • Options: Buy-to-let properties, Airbnb.
  • Pros: Steady income, property value appreciation.
  • Cons: Requires capital investment, property management responsibilities.

5. Pensions and Annuities

Maximise your pension benefits and consider purchasing an annuity for guaranteed income.

  • Pros: Stable, predictable income.
  • Cons: Limited flexibility once annuity is purchased.

6. Dividend Stocks

Investing in dividend-paying stocks can provide a regular income stream.

  • Pros: Regular income, potential for stock value appreciation.
  • Cons: Market risk, requires investment knowledge.

7. Online Business

Starting an online business, such as an e-commerce store or a blog, can generate income.

  • Pros: Flexible, potential for high returns.
  • Cons: Requires initial effort and investment, competition.

8. Gig Economy

Participate in the gig economy by offering services such as driving, delivery, or odd jobs.

  • Platforms: Uber, Deliveroo, TaskRabbit.
  • Pros: Flexibility, variety of opportunities.
  • Cons: Variable income, physical demands.

9. Selling Crafts or Hobbies

Monetize your hobbies by selling handmade goods, artwork, or collectibles.

  • Platforms: Etsy, eBay.
  • Pros: Enjoyable, potential for profit.
  • Cons: Requires time and effort, uncertain sales volume.

10. Teaching and Tutoring

Offer tutoring or teaching services in subjects you are knowledgeable about.

  • Platforms: Tutorful, Superprof.
  • Pros: Flexible hours, fulfilling work.
  • Cons: Requires expertise, time commitment.

11. Writing and Publishing

Write books, articles, or blogs to earn money through sales or advertising.

  • Platforms: Kindle Direct Publishing, Medium.
  • Pros: Passive income potential, creative outlet.
  • Cons: Requires initial effort, uncertain income.

12. Volunteering and Stipends

Some volunteering opportunities offer stipends or small payments.

  • Pros: Fulfilling, social benefits.
  • Cons: Typically low pay, not a significant income source.

Important Considerations

  • Pension and Benefits: Ensure any additional income does not adversely affect your pension or benefits.
  • Tax Implications: Understand the tax implications of your additional income and seek advice if needed.
  • Health and Wellbeing: Choose activities that fit your physical capabilities and lifestyle.

By combining multiple income streams and leveraging your existing skills and resources, you can create a sustainable financial plan for your retirement years.

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Bitcoin Bitcoin Wallet

Oklahoma Enacts Landmark Bill to Regulate Digital Assets, Protect Bitcoin Rights, Foster Crypto Innovation

The governor of the U.S. state of Oklahoma has approved House Bill 3594, a landmark bill that protects bitcoin rights and fosters cryptocurrency innovation. The legislation addresses the regulation and promotion of blockchain technology and cryptocurrency in the state. The bill defines key terms such as blockchain, blockchain protocol, and digital assets, which include virtual currencies, cryptocurrencies, stablecoins, and non-fungible tokens (NFTs).

The legislation prohibits the Oklahoma government from imposing additional taxes, withholdings, assessments, or charges on payments made with digital assets, including cryptocurrencies. It authorizes home digital asset mining and permits certain digital asset businesses while restricting political subdivisions from taking discriminatory actions against these activities. Additionally, the bill allows appeals for zoning changes related to digital asset operations and directs the Oklahoma Corporation Commission to avoid creating discriminatory rates. It clarifies that specific persons engaged in digital asset activities are not required to obtain a money transmitter license.

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Bitcoin is good as long as it stays above $49,000: analyst

Despite Bitcoin’s 13% drop last week, which saw it break below the psychological $60,000 level and fall 20% from its all-time highs, one X analyst remains resolute.

According to the weekly chart, the trader maintains a bullish outlook and says that the coin will shake off weakness in the next session. This lines up with the bulls for most of Q4 2023 and Q1 2024.

Bitcoin falls and loses $60,000

Bitcoin is under intense sell-off pressure, fighting the onslaught of sellers. Earlier today, BTC broke below $60,000, melting below its April 2024 lows.

This dump confirmed the bears from April 13, indicating a possible start of a bearish formation that could see BTC lose ground, paring February and March 2024 gains.

However, the analyst claims that the bullish trend will continue as long as Bitcoin stays above the $49,000-$52,000 support zone, absorbing all the selling pressure. This evaluation, based on the candle arrangement, can serve as collateral for BTC holders. The trader claims that, despite the sell-off, panic at this time is not justified.

Referring to the Elliott Wave Principle, a technical analysis indicator, the analyst highlights that the currency is simply on pause. For those with a more aggressive trading strategy, the decline, ideally towards the upper support zone, could represent an opportunity to buy dips in anticipation of Wave 5.

Currently, the analyst notes that Bitcoin is in Wave 4, a stage that will take approximately the same time as Wave 2. Prices then fell after a brief rally, peaking in May 2023. However, the Prices rose in Wave 3, pushing prices below $30,000. . to new all-time highs, reaching $73,800.

The decline from all-time highs in spot rates, if the Elliot wave theory is analyzed, could indicate that prices are in the fourth wave before the eventual rise, which will end in the fifth wave.

What is next? Will BTC surpass $100,000 in the fifth wave?

Even so, it is still unknown when BTC will go from bottom to top. As things stand, the analyst said traders should watch two exponential moving averages (EMAs) of the 21 and 50 periods. A retest of these dynamic levels could offer support, preparing traders to buy dips in anticipation of the Wave 5 final.

However, the analyst did not define the next possible target even on the chart. Still, if Wave 3 is roughly the same duration as Wave 5, Bitcoin will have a strong chance of breaking above $100,000 after the current volatile price action ends.

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Bitcoin Bitcoin Investment Cryptocurrency Investment

How to make money with bitcoin investment online

Investing in Bitcoin can be lucrative, but it’s important to approach it with caution and understanding. Here’s a guide to making money with Bitcoin investments online:

  1. Educate Yourself: Before investing in Bitcoin or any other cryptocurrency, take the time to learn about how it works, the technology behind it (blockchain), its price volatility, and the risks involved. Understanding these fundamentals will help you make informed investment decisions.
  2. Choose a Reputable Exchange: Select a reputable cryptocurrency exchange to buy and sell Bitcoin. Look for exchanges with a good track record, strong security measures, and transparent fee structures.
  3. Create a Wallet: Set up a digital wallet to store your Bitcoin securely. There are different types of wallets, including hardware wallets, software wallets, and mobile wallets. Research and choose the one that best fits your needs and security preferences.
  4. Start with a Small Investment: Start with an amount you can afford to lose, especially if you’re new to Bitcoin investing. As you gain experience and confidence, you can consider increasing your investment over time.
  5. Diversify Your Portfolio: Consider diversifying your cryptocurrency investments beyond Bitcoin. There are thousands of other cryptocurrencies (altcoins) available, each with its own potential for growth and risk profile. Diversification can help mitigate risk.
  6. Stay Informed: Stay updated on market trends, news, and regulatory developments that may impact the price of Bitcoin. Being informed can help you make timely investment decisions and avoid potential pitfalls.
  7. Implement Risk Management Strategies: Set clear investment goals and risk management strategies. Consider setting stop-loss orders to limit potential losses and establish a plan for taking profits.
  8. Hodl or Trade: Decide whether you want to hodl (hold onto your Bitcoin long-term) or actively trade it for short-term gains. Hodling requires patience and conviction in the long-term potential of Bitcoin, while trading involves actively buying and selling based on price movements.
  9. Consider Dollar-Cost Averaging (DCA): DCA involves investing a fixed amount of money into Bitcoin at regular intervals, regardless of its price. This strategy can help smooth out price fluctuations and reduce the impact of market volatility.
  10. Be Prepared for Volatility: Bitcoin’s price can be highly volatile, with significant fluctuations in short periods. Be mentally prepared for price swings and avoid making impulsive decisions based on short-term market movements.
  11. Be Aware of Scams: Be cautious of scams and fraudulent schemes in the cryptocurrency space. Exercise due diligence before investing in any Bitcoin-related opportunity and beware of offers that sound too good to be true.
  12. Consider Tax Implications: Keep track of your Bitcoin transactions and be aware of the tax implications of buying, selling, and trading cryptocurrencies in your jurisdiction.

Remember that investing in Bitcoin carries inherent risks, and there are no guarantees of profits. Only invest what you can afford to lose, and consider consulting with a financial advisor before making investment decisions.

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Bitcoin Bitcoin ETF

Bitcoin Spot ETFs to Hit Hong Kong Market on April 30, Expert Warns of Imminent Rate War

In a significant development for the Bitcoin (BTC) market, Hong Kong will witness the start of trading of several spot Bitcoin ETFs on April 30.

This milestone follows the successful approval and subsequent commercialization of Bitcoin ETFs in the United States earlier this year under the regulatory oversight of the Securities and Exchange Commission (SEC).

With institutional adoption on the rise and Bitcoin reaching its all-time high of $73,700 in March, the upcoming launch of these ETFs in Hong Kong holds great promise for the cryptocurrency market.

Rate battle looms

The Hong Kong Securities and Futures Commission (SFC) made a notable announcement on April 15, approving the trading of several Bitcoin and Ethereum spot ETFs. This regulatory approval paved the way for Bitcoin ETF trading in Hong Kong.

Industry experts Eric Balchunas and James Seyffart of Bloomberg anticipate a rate war will ensue as ETF issuers strive to attract the largest number of customers.

Balchunas and Seyffart predict possible rate war in Hong Kong as Bitcoin ETFs prepare to launch. The Harvest Fund, for example, plans to enter the market with full fee waivers and the lowest rate of 0.3% after the waiver period.

Revised Bitcoin ETF Projections

The competitive fee structures of these Bitcoin ETFs are expected to generate greater interest among investors, which could attract greater assets under management.

Balchunas acknowledges the relatively low rate levels and describes them as a positive sign for the market. Lower fees are likely to increase the attractiveness of these index funds and increase their assets under management (AuM).

While optimism surrounds the launch of Bitcoin ETFs in Hong Kong, Eric Balchunas offers a cautious analysis of potential capital inflows into this new market.

Blachunas suggests that these ETFs could lag behind their US counterparts, which have already achieved trading volumes of more than $200 billion since their launch in January.

Balchunas revised his initial forecast, estimating that these Hong Kong ETFs could attract up to $1 billion in assets under management in the first two years of operation, doubling his previous projection of $500 million.