Well, the price soar I think is due to SegWit2x and we can see that people reached consensus segwit2x was a right thing to do.
The Segwit bit was the easy part. The 2MB bit will prove to be anything but. The entire network has to switch across to it in one go.
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ETFs may have a chance now that SEC are defining what is a security and not in the cryptocurrency ICO space
Their prime issue was their inability to police the market, either down to so much of it being abroad or with exchanges having no interest in supplying the info they need to do their job. They can't approve something if they're completely incapable of doing what they were created to do. Their yes is conditional on that. I can't see that much has changed in that aspect.
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The aspect of the agreement I personally object is timing. November (or any date in 2017) is, in my opinion, too early for a hard fork. So I had a slight (delusional) hope that there could be an agreement to postpone the 2MB part to mid-to-end 2018, with the approval of at least some of the Core developers. But it seems that won't become true.
I think it's a fine and necessary idea in principle but as you say it's the timing. It's ridiculously short and all parties involved, Core and the 2X crew, have now guaranteed another alt. Which one will be the alt is another matter.
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Blind faith in HODL is a mindless sign of heard instinct, and the masses lose long-term in every form of market trading.
In case you hadn't noticed, holding is not trading. This forum heaves with heroes who told everyone what the price was going to do and they were the rightest and skillest trader ever. Then they got shat on and were never heard from again. Holders take their time but they get there in the end no matter what. I agree with the small trades bit but there's a good chance you'll either wind up down or exactly where you were had you held.
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I always thought of it as the easiest way to get USD and EUR into an exchange such as Poloniex or Bittrex. I've never used it as they require two forms of picture ID's to verify (and I only have a driver's license.) I'm getting increasingly interested though because I want to move more fiat into an exchange. Right now, I have to purchase on Coinbase, pay their high fees and also their over-priced crypto, then transfer BTC, LTC, or ETH to my exchange. Also, many times I just want USD sitting on the sidelines for a drop so getting USD directly into Poloniex would be much more convenient. Now if I can just find a secondary form of ID...
Tether has no international banking so it's pretty much impossible for you to actually buy it. Their verification is also staggeringly slow. Use real dollars. They're accessible and actually worth something.
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In the US, you pay expat tax... which includes all the unrealized gains you made during the time you were a US citizen. As such, you aren't getting around paying the IRS their share... It would not be in your benefit to renounce US citizenship if the sole goal was to avoid paying capital gains tax.
That sucks. What happens if you become the DPRK's foreign minister? I assume they have limits as to how far they'll pursue you.
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You're surprised that companies that can be sued are standing by their commitments that keep them from being sued? I'm more surprised bitcoiners don't have the faintest understanding of keeping business commitments. Of COURSE they are all going to 2X. They agreed and signed that they would. Any loss of value to others for going back on that commitment would lose them a court case.
Who's going to be suing who? What court would take the slightest interest in this? It's a loose conglomerate of miners who are free to wander off whenever they like. On the very day it was signed there were people who 'signed' it who didn't know the actual details. If it does happen the only lawsuits flying will be against any exchange that lists 2X as it won't have repay protection, so no exchange will list it. I'll be amazed if this fork happens. People don't bet tens of billions of value on something put together by a handful of nobodies behind closed doors forcing a fundamental change in a few weeks that no one outside the room it was created in agrees with. Segwit was established and thoroughly tested and it was a soft fork. 2X is none of these things. The players will gradually bail on it as November approaches.
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$20,000 in a month? Cor blimey. Even if the will was there, are the exchanges good and robust enough for that type of action? By the sounds of it even Coinbase's banking is a little bit of a kludge. I can imagine many a bank having kittens at a vast increase in money moving in and out of them.
I think my prediction for this year in 2015 was $263.40 as it's always fun to be conservative so my spider senses have proven to be utterly useless. I'll let nature take its course.
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It's not an 'investment'. It's a hedge. It's also a hedge that's probably backed by nothing and will eventually implode and take most of the crypto market with it. There's over $300 million of it now, up from less than $10 million at the start of the year. That increase coincided with it losing its normal banking.
Red flags ahoy.
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Before you sell anything on an exchange make sure you verification is in order. Bitstamp particularly are well known for asking ridiculous questions about the origins of the coins and your intentions. It seems going above certain amounts triggers this.
As far as I know USD via Kraken is done by a third party payment processor that seems to be pretty shitty and is another one who throws verification at you. There's also very little USD volume on Kraken compared to EUR.
If you're in the right state Gemini is probably the best option. You could also try a very established trader on Localbitcoins.
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Do you think paper wallets/ offline wallets are a better alternative?
If I had no need to spend from them and it was done on a computer and printer that will never see the internet again then I don't really see where you can go wrong with them. I'm sure hardware wallet designers are total pros and I've never heard of any losses but there is some sort of issue here, albeit one with the sound of a very unlikely combination of circumstances.
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Right now ANACS is the only company that will grade physical cryptocoins for about $20 per coin.
There are others. I'm sure I've seen a few rated by this operation - https://www.pcgseurope.com/?l=enHowever ANACs is the one everyone judges them by so it's pretty pointless sending them anywhere else.
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There weren't masses around back then. Off the top of my head the most common ones apart from qt are electrum, armoury, multi bit and block chain. Info but that would've given you a fiLe instead.
You could always try dave and wallet recovery services if you're truly stumped.
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Here's a feature people should know about - certain cards convert the full amount of your BTC into fiat currency when you deposit like Bitpay. Cards like Xapo keep your deposit in BTC and only convert what you spend when you spend it.
That's a very important feature if you're a bit lazy. If you'd had Bitcoin sat around in your Xapo card account since the start of the year you'd have a whole lot more USD or whatever to spend now.
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Doesn't anyone here think he's expressing some straightforward thinking?
A company has revenues, profits and value. That can be easily quantified and justified.
It's pretty easy for someone on the outside of crypto looking in to see nothing but pure speculation, largely because it still is nothing but at this moment in time.
There are alts out there valued in the 'billions' with probably less than 5000 users.
There is of course a world of potential. Very little of it has been fulfilled yet.
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Holy shit. What an utter disgrace. It's incredible the ISS isn't flattened 500 times a day.
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Aye. It's an interesting but rarely aired factoid, that. Their very early plans were humming with idealism that closely aligns with crypto's ideas. Then I guess they became rich and evil like everyone else.
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