Bitcoin Forum
May 27, 2024, 01:13:01 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 »
101  Economy / Trading Discussion / Re: My personal challenge: $1,000 to $1 Million on: January 21, 2020, 11:32:06 AM

That actually does sound like a super plan Cheesy

Of course if the BTC price will behave like in the past and the media and community will behave the same as in the past. And that you will not fall into one of the traps and start panicking.
102  Local / Polski / Re: Prawa autorskie do BTC przyznane dla Craig Wright! Czy to jest naprawdę Satoshi? on: January 21, 2020, 11:25:08 AM


No to teraz tak na chłopski rozum.

CW ogłasza, że jest Satoshim, więc Ira K. wnosi sprawę do sądu o 1 milion BTC.


O ile nam wiadomo, to nie o 1 mln BTC, a ich równowartość w USD (bo to sprawa precedensowa). Więc tutaj chodzi o to, że ugoda (wycofanie sprawy) będzie oznaczała, że rodzina Kleimana: zrzeka się bezpowrotnie roszczeń względem BTC i nie będzie dalej mogła domagać się weryfikacji, czy CSW jest Satoshi czy nie - więc wizerunkowo będzie to przedstawiane jako potwierdzenie, że tym samym potwierdzili fakt, iż CSW to Satoshi. Kolejna pompa dla BSV i potencjalnie mocny cios dla wartości BTC.

Czy są tam jakieś inne haki? Można przypuszczać, że tak.
103  Bitcoin / Legal / Re: Why has not any government stopped Bitcoin? on: January 20, 2020, 04:59:41 PM
[snip]
Governments should welcome instead of ban so users will not use it on black markets.
Well, that sounds good if the government doesn't ban bitcoin all over the world and unite each other with the same motive in adopting Bitcoin. But there are some countries who hate Bitcoin because they think that it will harm the financial global economy including the banking system. BUT, in fact, bitcoin has no threat to the economy only the government is afraid. Indeed, we have nothing to do with this, because each country has its own jurisdiction and we should obey as a good citizen.

The point is that with BTC you can send money wherever you want if you have a correct wallet address, and this includes countries where they do not want your money to be sent to (like North Korea/Iran or specific individuals being on the bank wire transfer ban under UN security council decisions). It requires more effort to track it. and as well you can make OTC transaction for huge amounts, what potentially could mean you are hiding from taxes.
104  Bitcoin / Legal / Re: Decentralized Law - How Do We Get There? on: January 20, 2020, 04:55:49 PM

Those laws are centralized imo. They are throw away by the UN (Which is controlled by some people), and reduces the soberany of countries.  A global government is way worse and centralized than a lot of smaller ones.

What about religious decentralized jurisdictions without clear monarchy like caliphate/pope?
105  Other / Serious discussion / Re: $100K by 2022 vs $100k by 2032 on: January 20, 2020, 04:44:18 PM
Below $1000 rather hardly possible, but we may observe a real crypto winter for some time, due to the chaos related to FATF and new AMLP legislation, which can be a real problem for processing the transactions from one wallet to another (necessary verification of sending an receiving party wallet ownership, black list of countries and individuals - like with bank transfer).

Why is the possibility so small to have it go under $1k? 10 years is a very long time span, there are so many possibilities, so many things can happen. Having so many LARGE countries already testing their national cryptocurrency, I can even take into consideration the possibility of Bitcoin becoming illegal through law due to "high volatility", "high risk", "money laundering" and "illicit activity" which would obviously be the statement any national cryptocurrency-developing country would use to promote theirs.

LATER EDIT:Wow, I just noticed the OP is from November 2019 .. should check the dates more often

This is because with such low price, even the biggest miners will find it hard to survive, and as such, they could abandon BTC for good. And as it is already known as the store of value and legendary crypto, it is hard to believe that any country would have risked the death of BTC, which would be a true mass-extinction of most of the cryptos.
Their new, local cryptocurrency would have been heavily struck by such events as well.
As well if we are speaking of illegal cryptos - it can be predicted that by 2032 most of the global authorities will outlaw privacy coins. This is what they can do.

What we could fear more is that authorities would create a list of "speculation coins", which will not be used as a digital currency but only an investment, which trading requires a license from you.
106  Other / Politics & Society / Re: Prince Harry's break with the Royal Family is a historic event...! on: January 20, 2020, 04:29:58 PM
He isn't the first. Edward VIII abdicated to marry Wallace Simpson.
And both of them had been Nazi sympathisers.
107  Economy / Economics / Re: How regulation affects the crypto price on: January 20, 2020, 04:27:42 PM
I think that the article ignored the concept of regulation. Will regulation be linked to a specific country or is it an agreement between all countries of the world to accept cryptocurrencies?
As for the effect, it varies according to the concept of crypto and how it will be implemented. Judging it as the issue was black or white would be a mistake because the matter may lead to a rise or fall in the price, in contrast, but legal recognition makes it difficult for the price of cryptocurrencies to collapse to zero, and thus the opportunity to increase the price is more likely.

FATF recommendations are of global application. And it can have an impact leading to the situation, where small individual traders (or people who wanted to buy crypto as a way of paying for something) will have to go for lengthy and very detailed verification procedure - and lose their interest in the crypto as such. On the same moment, institutional investors focused upon speculation will be more interested (as for them regulations means more predictability and trust in the whole environment).
As a result, the crypto price can become more stable (banks trading bots), and for individuals who do not trade with leverage, it may not be interesting that much anymore.
108  Bitcoin / Legal / Re: Okay. Charge tax on bitcoin. Is this fair policy? on: January 20, 2020, 02:44:11 PM

This topic has been discussed in our local board. Due to the lack of regulations pertaining to tax on cryptocurrencies, some would argue that the absence of the law means they are not subject to tax. While others would also say it is still taxable since it is still an income and all types of income are taxable unless it's stated that they're not.

I tend to agree with the second argument. I also think those who never filed their crypto profits will be required to pay sooner or later with huge penalties.

This may lead to several possible outcomes, which all have a huge impact on cryptocurrencies as such:
1) If you have used cryptocurrency for buying something, you may be forced to present invoice/receipt for such action/contract. Here we can argue - should companies have in such case registered wallets working more or less in the same way as bank accounts? What about defining the cryptocurrency value for VAT purposes? With fiat currencies, these are usually foreign exchange rates as published by the central bank. In this scenario there is a slight chance, the authorities could start accepting tax payments in crypto (eg. 23% of BTC amount, not its value in eg. USD).
2) Taxation reforms - as speaking of the price itself, should taxation apply to profit made per each transaction, or annual summary? What in situation like this: you bought 10 BTC at the 2018 bottom ($4000/1BTC) and sold it at 2019 highs ($12000/1BTC), next bought at the end of the year 15 BTC for $8000 each. In this case what should be taxed? The total value of BTC at the end of the year, its price per each coin?
109  Local / Polski / Re: Prawa autorskie do BTC przyznane dla Craig Wright! Czy to jest naprawdę Satoshi? on: January 20, 2020, 02:26:36 PM

-w latach xx-yy współpracowałeś z bratem
-zgodnie z rejestrem praw autorskich stworzyliście wtedy bitcoina
-jako satoshi masz 10 mld w btc
-chcę połowę

Wystarczające dowody by rozpocząc sprawę moim zdaniem.

Tutaj dochodzi jeszcze jedna ważna sprawa, związana z anglosaskim systemem prawnym (precedensami). Bardzo często by zyskać na czasie, nie tracić reputacji i nie dać sędziom materiału do wyrobienia sobie nazwiska nową, nietypową sprawą (i ustanowieniem nowego precedensu), strony postępowania prowadzą jednocześnie negocjacje pozasądowe o wysokości odszkodowania pod warunkiem wycofania sprawy.

Więc nie byłoby zaskoczeniem, gdyby pieniądze uzyskane z dotychczasowych pomp BSV w dużej mierze szły na pokrycie roszczeń Kleimanów celem wycofania sprawy z sądu.
Wilk syty (pewna wartość roszczeń pokryta i pewna), owca cała (najpoważniejsze oskarżenie pod adresem Wrighta ze strony najpoważniejszych oskarżycieli zostaje wycofane).

Kwota ta może oczywiście wynosić ostatecznie nie 5mld USD, ale np. 1mld USD, płatne ratalnie.
110  Economy / Trading Discussion / Re: My personal challenge: $1,000 to $1 Million on: January 20, 2020, 01:12:22 PM
They laugh at you because it is not realistic, there is no holy grail investment where your $1000 can become $1M in just 10 years. Trading can help us to increase our portfolio but we should expect realistic outcome. You cannot easily achieve $1M if your capital is too low. I only saying that the probability achieving this goal is too short because of the risks in the market.

Technically it could be possible even for someone who is not a professional daily trader. Example:
1. Some time ago, you bought 10 BTC for $100 each. You had been HODLing it until 2017 peak (and sold for $16000/BTC) - when mass media was all about BTC
2. You waited carefully to the bottom, hearing about crypto nuclear winter - bought BTC when in December 2018 it was for $4000. If you invested all cash from 2017 sale of BTC, you would have had 40 BTC.
3. Next, you waited until that small hype of July 2019 and sold all 40 BTC for $12000 each. $480000 it is.
4. As in previous year, you waited until the December bottom took place, and bought at ~$7000/BTC. As a result you have in your wallet almost 70 BTC
5. If BTC will go back to $20000 levels this year as expected by many, the value of that wallet is going to be ~$1400000

Of course, if we deduct the income taxes (if applicable), the value of wallet at point no. 5 would be closer to $1M not 1,5M.

111  Bitcoin / Bitcoin Discussion / Re: Alternatives Like BTC Becomes Necessary As World Debt Reaches $253 Trillion on: January 20, 2020, 10:12:45 AM
If they did that "suddenly" as you say, only about 10% will be able to cash out. I don't call fractional reserve banking a ponzi scheme to look dramatic, the money doesn't exist.
Unfortunately bankruns occur when people get scared, and the truth about fractional reserve banking is very scary.
 If the world DOES panic, those that are already into bitcoin will be safe, while those holding fiat will probably lose it or end out with about 10% of its purchasing power.

Just like we observed during the bank crisis in Greece and Cyprus - you will have imposed upon you a small daily withdrawal limit (like $50) for your account by the authorities.
112  Local / Polski / Re: Prawa autorskie do BTC przyznane dla Craig Wright! Czy to jest naprawdę Satoshi? on: January 20, 2020, 10:06:39 AM

BSV to zwykła kopia BTC i nic więcej. ATH na cenie BSV nie zmienia nic w świecie krypto, a ten shitcoin prędzej czy później umrze śmiercią naturalną.


Ba, coraz głośniej słychać opinie, że te pompy to nic innego niż przygotowanie do exit scamu. Gdzie drgawki pośmiertne mogą potrwać nawet rok lub dwa.
113  Economy / Economics / Re: 10M Bitcoins Haven’t Moved in More Than a Year, Highest Since 2017 on: January 20, 2020, 09:58:32 AM
In fact, this is the most interesting and most promising. The owners of such volumes could drop or raise the price several times, while earning a lot of money on this.
But they do not. Why? Or they are not interested, but then why do they need bitcoin? Or they know something that most do not know.
Out of these 10M, it is estimated that at least 4M are lost for good (especially old ones) - as owners lost passwords or old HDD with wallets got broken. Not to mention those belonging to Satoshi himself or some people who may be deceased/imprisoned.
Next, many BTCs are stored on hardware/cold wallets belonging to biggest exchanges (and because of low trading volume in general, these had not been moved). Next, we still have a group of people who do not make any BTC transactions because they consider it as a form of the pension scheme.

Nevertheless, there are not so many BTC wallets with a huge amount of BTC, enough to actually cause pump and dump.
114  Bitcoin / Bitcoin Discussion / Re: Did Satoshi think that quantum computers will exist? on: January 17, 2020, 04:05:03 PM
But as I understand it, most users worry about their earnings in the near future in order to earn more money using cryptocurrency volatility, and they are not interested in security in the future.

In general, many people do not think in a perspective longer than 5 years. But luckily there are notable exemptions which think forward and therefore we already have some teams of developers trying to address this future threat.
115  Bitcoin / Bitcoin Discussion / Re: How Bitcoin will rise as EU cash payments fall on: January 17, 2020, 03:59:26 PM
I think it will eventually do. A cashless society is coming and I know its not that can happen easily.

Now just think about one thing - in the last couple of years in many countries, banks had been refusing to provide services to new customers/closing existing accounts of people and companies with some unpopular political views or who had been involved in the cryptocurrency environment.

Imagine that you could find yourself practically excluded from cashless society in such case, with almost no alternative available. Theoretically, you could switch fully to cryptocurrencies IF they are widely adopted and your employer could pay your salary in crypto. Otherwise, you would be forced to ask someone to allow you to use their bank account/card for daily use (if this would be legal of course - otherwise imagine that you may not be able to get a salary, pay for your bills etc).  
116  Bitcoin / Bitcoin Discussion / Re: Craig Wright provided the list of addresses that contains 1.1 million btc on: January 17, 2020, 03:48:04 PM
Will that even prove him as the real Satoshi? This dude really does give so much time for a nonsense claim. Why is he even that obsessed on claiming to be Satoshi but can't even prove it yet.
Why are these courts still listening to his bull sh*t arguments. Someone tell the judge that anyone could can see all the addresses which are holding higher amounts of bitcoins and claim like this. I think Craig has lost his mind and just trying to make a dumb argument.
Indeed. They're wasting so much time with this issue. The court could have just finished this nonsense because he can't even prove it. I don't know why the court wants to prolong this argument and claims of Craig Wright.

Because BSV can be pumped and gets free popularity in accordance with the rule - no matter what, people will talk about you.
117  Bitcoin / Bitcoin Discussion / Re: Bitcoin & Centralization on: January 17, 2020, 03:42:28 PM

That's true it's already in progress there are numerous bounty and ICO who don't give out their details but request users for KYC even for bounty participants. I think this is a gradual step towards the centralization which is against the whole concept of cryptocurrency and if this continues then crypto will become just like centralized wallets and digital payment method.

Of course without privacy, just like with wire bank transfers. They would explain, that without this fighting against pump and dump (what is banned on stocks) is virtually impossible and that cryptocurrencies cannot be widely adopted thanks to their volatility caused by P&D.

And once it is done, we might even face a situation that trading cryptocurrencies above some threshold/trading volume (or trading specific cryptos) would require you to obtain a state-issued broker license. Only having such license uploaded to exchange in a form of KYC would unlock trading limits.
118  Bitcoin / Bitcoin Discussion / Re: How Bitcoin will rise as EU cash payments fall on: January 17, 2020, 11:49:35 AM
I did not notice the great desire of the countries of the European Union to get rid of cash.
In some eurozone countries, they do not mint anymore 1 and 2 Eurocent coins (and in general all the payments in cash are rounded to .05 or .00 value). And the discussion is already taking place, as technically without cash (in the opinion of many people) money laundering would not be possible.
This, of course, would have potential big-brother style impact on people (imagine that bank could sell/forward some data of yours to authorities and other companies - so then if you eat fast-food frequently and buy it with your own card, your health insurance would be twice higher than now).
119  Bitcoin / Bitcoin Discussion / Re: Bitcoin & Centralization on: January 17, 2020, 11:41:43 AM
Perhaps centralization will solve the problem of mass adoption of cryptocurrencies, but then the whole point of using cryptocurrency as a whole is lost. Therefore, the struggle between state regulators and decentralized systems will be long and victory will not be on the side of the state.


Anyway, spreading the scope of legislation related to cryptocurrencies leads to some sort of centralization gradually. Do not be surprised if in the next couple of years authorities would require the same type of identity verification for wallets as now for opening bank accounts.
120  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: January 16, 2020, 04:30:14 PM
Yes. Inflation and deflation of the prices is controlled by the governmental bodies. This is not dependent only on the cryptocurrencies. Various financial activities that are taking place at the national and the international level determine the prices in a specific country. Moreover the economic growth is much relatable to the development in different spheres.
Not to mention that manipulating national currencies (eg. by printing money) is often done by purpose, to make own companies with their products cheaper than of its foreign competition. This is how China for years had been working as a factory for the world.
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!