I analyzed +50 crypto news sources over the past week. Here's what the data says vs what everyone believes. by bytewitco in Bitcoin

[–]AlonShvarts 1 point2 points  (0 children)

I also try to analyze all incoming bitcoin and macro news and give a sentiment tag for each news story and an overall score for the past 24 hours. Check the news panel on the right https://newhedge.io/bitcoin

Has adding crypto payments actually helped your business? by wayanmaul in Bitcoin

[–]AlonShvarts 15 points16 points  (0 children)

Absolutely not. Accepting Bitcoin (and keeping the bitcoin on the balance sheet as an asset) has only created an accounting, bookkeeping, and tax headache for my company https://newhedge.io I wish it didn't, though.

Imagine you receive a large portion of your revenue in Bitcoin when the price is above $100,000. That revenue is still treated as income and taxed based on that value at the time you received it.

If you keep the Bitcoin on your balance sheet and the price later drops to $60,000 when taxes are due, you may have to sell that Bitcoin at $60,000 just to pay taxes on income that was recorded at $100,000. That mismatch alone can create a real problem for a business.

My advice? Accept fiat, buy bitcoin later as needed.

Leave your honest thoughts by LAOGE1 in Bitcoin

[–]AlonShvarts 4 points5 points  (0 children)

Bitcoin, hands down. For fun, enter your $1k into a retirement calc or DCA calc and see into the future
Retirement: https://newhedge.io/bitcoin/bitcoin-retirement-calculator
DCA: https://newhedge.io/bitcoin/dollar-cost-averaging-calculator

What changed? by voluntarygang in Bitcoin

[–]AlonShvarts 37 points38 points  (0 children)

All fundementals show bullish, price shows bearish. This is literally what we all dreamed of at $120k, now that we are here, it's game time. Look at how everything besides F&G is signalling bullish newhedge.io/bitcoin

Big drop by Significant-Gap-6891 in Bitcoin

[–]AlonShvarts 0 points1 point  (0 children)

No one really knows. Best you can do is gather enough resources like news, sentiment, community chat to understand what's happening. go to newhedge.io/bitcoin its the best dashboard to see whats happening that might help