As we step into Q4, a period known for robust Bitcoin performance historically, the latest edition of The Bitcoin Report from Bitcoin Magazine Pro delivers crucial insights into the evolving market dynamics of Bitcoin. This report combines quantitative on-chain data, technical analysis, and macroeconomic perspectives to provide a comprehensive view of Bitcoin’s positioning, highlighting key opportunities and challenges for investors and market participants.
Insights from the Report
The report covers various critical aspects:
- Historical Q4 Performance: Bitcoin has historically delivered an average return of 23.3% in Q4, showcasing a strong seasonal trend towards bullish performance.
- Breaking Significant Resistance: Recent technical analysis indicates Bitcoin breaking through significant resistance levels, potentially paving the way for parabolic growth.
- Derivatives Market Momentum: The derivatives market is witnessing renewed momentum, with increasing open interest and decreased leverage across major exchanges.
- Mining Profitability Recovery: Mining profitability has seen a rebound, with hash price hitting a two-month high, signaling a strengthening of Bitcoin's underlying fundamentals.
- Institutional Accumulation: In September, U.S. Bitcoin ETFs acquired 17,941 Bitcoins—32.9% more than the 13,500 new Bitcoins mined during the same period, indicating substantial institutional demand.
Comprehensive Examination of Bitcoin's Market Trajectory
This 21-page report is grounded in on-chain metrics, technical analysis, and macroeconomic factors. It delves deep into Bitcoin's recent market trends, including institutional accumulation and mining profitability recovery. With Q4 historically showcasing strong returns for Bitcoin, the report emphasizes how macroeconomic factors like potential Federal Reserve rate cuts and liquidity injections from the People’s Bank of China could act as catalysts for Bitcoin’s continued growth. In a low-leverage derivatives market environment, these monetary policies might ignite a new Bitcoin rally.
Expert Analysis and Insights
The second monthly edition of The Bitcoin Report features exclusive commentary and insights from industry leaders like Lyn Alden, The Rational Root, and Julian Liniger. This edition is essential reading for both investors and enthusiasts.
Enriched Perspectives and Insights
The report presents analytical rigor complemented by perspectives from thought leaders such as Philip Swift, Pete Rizzo, Dr. Michael Tabone, Dr. Demelza Hays, Patrick Heusser, Lucas Betschart, Lukas Pfeiffer, Pascal Hugli, and Joël Kai Lenz. Their insights cover various issues, including macroeconomic policy implications, sector-specific developments, and technical indicators.
Engage with the Content
We encourage you to explore the September edition, filled with insights to keep you informed in this rapidly evolving market. Whether you manage portfolios, seek long-term Bitcoin exposure, or aim to stay updated, The Bitcoin Report equips you with the knowledge necessary to stay ahead.
Sponsorship and Collaboration Opportunities
If you are interested in sponsoring future editions of The Bitcoin Report or exploring joint-publication opportunities, partner with us to gain visibility in the expanding Bitcoin space. Contact Mark Mason at mark.mason@btcmedia.org to discuss how your brand can be part of this exciting initiative.
Frequently Asked Questions
Which precious metals are best to invest in retirement?
Silver and gold are two of the most valuable precious metals. Both can be easily bought and sold, and have been around since forever. Consider adding them to the list if you're looking to diversify and expand your portfolio.
Gold: Gold is one of man's oldest forms of currency. It's also very safe and stable. This makes it a good option to preserve wealth in uncertain times.
Silver: Investors have always loved silver. It's a great option for those who want stability. Silver, unlike gold, tends not to go down but up.
Platinium: Another form of precious metal is platinum, which is becoming more popular. Like gold and silver, it's very durable and resistant to corrosion. It is however more expensive than its counterparts.
Rhodium – Rhodium is used to make catalytic conversions. It is also used to make jewelry. It is also very affordable in comparison to other types.
Palladium (or Palladium): Palladium can be compared to platinum, but is much more common. It's also more accessible. Investors looking to add precious and rare metals to their portfolios love it for these reasons.
What tax is gold subject in an IRA
The tax on the sale of gold is based on its fair market value when sold. You don't pay taxes when you buy gold. It's not considered income. If you sell it later you will have a taxable profit if the price goes down.
Gold can be used as collateral for loans. Lenders seek to get the best return when you borrow against your assets. In the case of gold, this usually means selling it. However, there is no guarantee that the lender would do this. They might just hold onto it. They may decide to resell it. Either way you will lose potential profit.
To avoid losing money, only lend against gold if you intend to use it for collateral. It is better to leave it alone.
Can I hold physical gold in my IRA?
Not just paper money or coins, gold is money. It is an asset that people have used over thousands of years as money, and a way to protect wealth from inflation and economic uncertainties. Today, investors use gold as part of a diversified portfolio because gold tends to do better during financial turmoil.
Many Americans are now more inclined to invest in precious metals like gold and silver than stocks or bonds. Although owning gold does not guarantee that you will make money investing in it, there are many reasons to consider adding gold into your retirement portfolio.
One reason is that gold has historically performed better than other assets during periods of financial panic. The S&P 500 dropped 21 percent in the same time period, while gold prices rose by nearly 100 percent between August 2011-early 2013. During these turbulent market times, gold was among few assets that outperformed the stocks.
Another benefit to investing in gold? It has virtually zero counterparty exposure. Your stock portfolio can fall, but you will still own your shares. Gold can be worth more than its investment in a company that defaults on its obligations.
Gold provides liquidity. You can sell your gold at any time without worrying about finding a buyer, which is a major advantage over other investments. The liquidity of gold makes it a good investment. This allows you take advantage of the short-term fluctuations that occur in the gold markets.
What are the pros & cons of a Gold IRA?
An Individual Retirement account (IRA) is a better option than regular savings accounts in that interest earned is exempted from tax. This makes an IRA a great choice for people who are looking to save money but don’t want to pay any tax on the interest earned. However, there are also disadvantages to this type of investment.
To give an example, if your IRA is withdrawn too often, you can lose all your accumulated funds. You might also not be able to withdraw from your IRA until the IRS deems you to be 59 1/2. A penalty fee will be charged if you decide to withdraw funds.
You will also need to pay fees for managing your IRA. Most banks charge 0.5% to 2.0% per annum. Other providers charge monthly management costs ranging from $10-50.
Insurance is necessary if you wish to keep your money safe from the banks. A majority of insurance companies require that you possess a minimum amount gold to be eligible for a claim. It is possible that you will be required to purchase insurance that covers losses of up to $500,000.
If you decide to open a gold IRA, it is important to know how much you can use. Some providers limit the number of ounces of gold that you can own. Others allow you to pick your weight.
It's also important to decide whether or not to buy gold futures contracts. Physical gold is more expensive than gold futures contracts. However, futures contracts give you flexibility when buying gold. Futures contracts allow you to create a contract with a specified expiration date.
You'll also need to decide what kind of insurance coverage you want. The standard policy doesn’t provide theft protection or loss due fire, flood, or earthquake. It does offer coverage for natural disasters. If you live near a high-risk region, you might want to consider additional coverage.
Apart from insurance, you should consider the costs of storing your precious metals. Storage costs are not covered by insurance. Banks charge between $25 and $40 per month for safekeeping.
You must first contact a qualified custodian before you open a gold IRA. Custodians keep track of your investments and ensure compliance with federal regulations. Custodians cannot sell your assets. Instead, they must retain them for as long and as you require.
Once you've decided which type of IRA best suits your needs, you'll need to fill out paperwork specifying your goals. Your plan should include information about the investments you want to make, such as stocks, bonds, mutual funds, or real estate. The plan should also include information about how much you are willing to invest each month.
You will need to fill out the forms and send them to your chosen provider together with a check for small deposits. The company will review your application and send you a confirmation letter.
When opening a gold IRA, you should consider using a financial planner. A financial planner is an expert in investing and can help you choose the right type of IRA for you. They can help you find cheaper insurance options to lower your costs.
Which precious metal is best to invest in?
This depends on what risk you are willing take and what kind of return you desire. Although gold has been considered a safe investment, it is not always the most lucrative. For example, if your goal is to make quick money, gold may not suit you. Silver is a better investment if you have patience and the time to do it.
If you don’t desire to become rich quickly, gold may be your best option. However, silver might be a better option if you're looking for an investment that provides steady returns over long periods.
Statistics
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
External Links
cftc.gov
bbb.org
finance.yahoo.com
irs.gov
How To
Online buying gold and silver is the best way to purchase it.
Understanding how gold works is essential before you buy it. Gold is a precious metal similar to platinum. Because of its resistance to corrosion and durability, it is very rare. It is hard to use, so most people prefer jewelry made of it to real bars of gold.
Two types of gold coins are available today: the legal tender type and the bullion type. Legal tender coins can be used for circulation within a country. These coins usually come in denominations such $1, $5 and $10.
Bullion coin are not intended for investment. However, their value will increase with inflation.
They aren't circulated in any currency exchange systems. If a person purchases $100 worth of gold, 100 grams of the gold will be given to him/her. The $100 value is $100. Each dollar spent earns the buyer 1 gram gold.
When you are looking to purchase gold, the next thing to know is where to get it. There are a few options if you wish to buy gold directly from a dealer. First off, you can go through your local coin shop. You can also go to a reputable website such as eBay. You can also purchase gold through private online sellers.
Individuals who sell gold at wholesale and retail prices are called private sellers. Private sellers will charge you a 10% to 15% commission for every transaction. That means you would get back less money from a private seller than from a coin shop or eBay. This option is often a great choice for investing gold as it allows you more control over its price.
Another way to buy gold is by investing in physical gold. Although physical gold is easier to store than paper certificates you will still need to ensure it is safe. It is important to keep your physical gold safe in an impenetrable box such as a vault, safety deposit box or other secure container.
To purchase gold by yourself, you can visit a bank and a pawnshop. A bank can give you a loan up to the amount you intend to invest in Gold. The pawnshop is a small business that allows customers to borrow money to buy items. Banks charge higher interest rates than those offered by pawn shops.
The final option is to ask someone to buy your gold! Selling gold is easy too. A company such as GoldMoney.com can help you set up a simple bank account and get paid immediately.
—————————————————————————————————————————————————————————————-
By: Mark Mason
Title: The Bitcoin Report: Parabolic Growth Predicted for Q4 2024
Sourced From: bitcoinmagazine.com/markets/the-bitcoin-report-parabolic-growth-predicted-for-q4-2024
Published Date: Tue, 08 Oct 2024 15:17:43 GMT
