I lost all my Bitcoin to a hard drive failure, do I still have to pay taxes to the Reptilian banking cartel?
Dont know which country you are from. If you have declared bitcoins in your annual tax returns then you have to pay the taxes. Consult some tax lawyer that what your country law says regarding that issue. |
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Craig Wright is suitable to be the host of a reality show. He knows how to make a hype. But other than, he’s just a liar who wants to be a big boss
I don't think many will watch that reality show. Host of reality show must be of some good repute to attract audience. We all know he is faketoshi and all his claims are false. |
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According to forecasts, this should be the year 2140, but once I calculated it myself, and I saw that the halving is faster than previously written. It’s possible that I was mistaken then, but it’s possible that Bitcoins really will be exhausted earlier than in 2140.
Or we may say that after 2140 there will be no more speculation about what price of bitcoin will be after next halving. Since after 2140 we wont have any halving. No one from today will be there to see last bitcoin getting mined  |
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Bitcoin is againest traditional banking system and there is no need for bitcoin bank. In crypto community everyone has full control over his funds or you may say everyone has complete bank at his disposal.
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Well i am in the same boat.
Just out of curiosity, is there any still recovering from the deadly bitcoin price in late 2017?
or fully recovered and seeing profit? or Sold away at that moment or later?
I dont think those who bought BTC in dec 2017 when it was at its ATH find a chance to exit safely till today. I remember receiving a payment in eth when it was at 700$, I never get a chance to sell those eth because of continuous decline in price. |
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Some governments recently try to create their own crypto currencies (e.g. China), according to reports. Some welcome this as a good step towards mass adoption of cryptocurrencies, others don't like it. Still, the crypto media welcomes this and we should consider whether this is good news in general or not.
What would be your opinions be on this? Should more and more governments create their own digital currencies and introduce them to their population or should we not support the creation of digital currencies made by governments?
Honestly they are not cryptocurrency rather digital currency just like normal other digital version of fiat. We must have our concepts clear about crypto i.e decentralized and distributed. So these government backed cryptos are not opportunity nor threat to real cryptocurrency. |
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its not only dumping. since start of this thread 12 Nov 2019, we have a pumping session after US/Iran tension that took price to 9k$. So when market is dumping then its ideal time to buy and HODL. When we have pumping session than its ideal time to buy.
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I came across bitcointalk while searching for bitcoin forums where I can post a query related to hardware wallet. Since then there is not a day or two where I don't come to this place. You need to be here to be updated.
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What is stopping the US Government from outright BANNING Bitcoin? For argument's sake lets say today (23JAN2020) 3% of the US population is using Bitcoin for 3% of their purchases or financial transfers/transactions. And, let's say 5 years from now around 2025, 30% of the US population is using Bitcoin for 30% of their purchases and financial transfers/transactions. Consequently, the US Government monitoring this situation sees the trend that 30% fewer transactions are being done with the all mighty US Dollar. Well, it would seem that the US Gov would hold the view that the popularity or use of their US currency is being threatened by Bitcoin. And so, what is stopping or what would stop the US Gov to outright make it ILLEGAL to use Bitcoin at some such time?
U.S government cant totally ban bitcoin, since its a decentralized currency that cant be totally banned (U.S government has no control over crypt). But to have there share from crypto they are introducing strict regulations like KYC and Tax, so that they are not totally out of this market. |
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Though its your personal decision. I don't think leaving USA for country like Philippine is a good idea. USA will be super power and top of the world for at-least next couple of decades. You cant find amenities of USA in third world country, I suggest stay in USA and enjoy the life.
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Guys, don’t think too much to spend 100-150 USD, buy a hardware wallet right now! You are not safe in any online wallet by 100 percent!
From the article: "Frances Foster, from Plymouth, lost £11,000 to a bogus Bitcoin company she saw promising high returns." To be fair, even if she had the safest hardware wallet in the entire world, she would have still be scammed as she sent the money voluntarily. Heck, the article didn't even mention anything about her holding or sending in bitcoin. Probably read the article first? That's correct. there is no defense against human negligence. People lost bitcoin due to there own mistakes and blame bitcoin that its not secure. If you investing in crypto market then you have to be careful against scam projects, its not bitcoin responsibility. |
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I would say it's good to invest in alt coins provided bitcoin still make major portion of your portfolio. Choose alt coins wisely as many go for altcoins that are cheap and bear heavy loses. Alt coins like eth , Ltc are good for investment.
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It's a good idea. I wish you all the best for that.
I dont think it will be a good idea to sell tea for bitcoin. Since transfer rate will be slow n fee may exceed the price of tea. Have you done any homework regarding how much will be price of tea n bitcoin overhead charges.
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Past human history is checkered with currency manipulation and conflict..
Bitcoin and cryptocurrency has been filed with manipulation and conflict! We've seen fraud, theft, in-fighting, consolidation of mining operations, blockchain hijack attempts (in the form of forks), and more theft. There's nothing about cryptocurrency that is inherently peaceful or humane. Cryptocurrency/blockchain offers more freedom to users. We are no longer controlled by an intermediary called a bank, we are the managers of our own financial system, if we want to be. It's in that freedom that come greater choice and control, but it also requires greater knowledge of how the system works and the risks involved. I appreciate your positivity, but let's be honest here. Cryptocurrency is like the wild west! In short nothing is perfect everything has its own pros n cons including bitcoin. There are few features that are intrinsic to bitcoin only like peer 2 transaction, access all the time. While fast transaction rate is still in the hands of fiat.ò |
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I found lots of threads here on the reasons for losses or the ways to earn in the long term. Some of the threads are quite useful, but here I'd like to put special attention to risk management. Many traders, even those who use cool strategies lose. Everyone loses sometimes. This is a rule of the market. I'm already 10 years in trading and can state that to save is harder than to earn, that's my position. So, always plan your trading system with a special attention to risk management. Here you can read about risks and losses: https://www.bitinsure.com/blog/?p=35And also reasons not to rely fully on trading bots: https://www.bitinsure.com/blog/?p=59Probably after it you will pay more attention to risks. Hope this will be useful. What types and methods of risk management you use? Any software? What risk limits do you set?Let's share  Trading is not for newbies and for those who dont have proper knowledge of that. Greatest risk is start trading with huge capital without having any knowledge of that. I prefer HODL over trading since there is very little risk involved in this strategy. https://www.bitinsure.com/blog/?p=59 this link is asking for username/password. |
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Dont know whether this fits in this thread or not. Try not to use mobile wallet, they have ease but have serious security concerns. I use standalone wallet for storing my coin. They dont have much ease but provides you much security. its upto you what you want to avail.
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Is Bitcoin really a such innovative thing that can change people's lives significantly in the future?
I think we still live fine without having Bitcoin being actively used in our real lives.
Oh well... In terms of transparency, i can take on Bitcoin's technology.
But which one is it that raised its value so much though?
Technology or People's attention?
anything thats innovative, new and can help community in over coming existent problems will always catch people attention and that's the same case with bitcoin also. its backed by technology and is making peer to peer transfer of value a reality. |
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The theft of PETER SCHIFF's bitcoins was probably the explanation for the recent 500 dollar drop in BitCoins price  Can you imagine how many people are now afraid of losing their BitCoins in the same manner ? I can not think of a worse thing that could happen to the reputation of crypto currency  Peter Schiff is a millionaire many times over and a very intelligent guy, he did NOT, NOT, NOT forget his password. So the question is, WHO stole all of Peter Schiff's bitcoins, and how did they do it ? The worlds wants to know !!! Hard Facts Hackers are not seeking our permission for stealing BTC nor they disclose there I'd. Btc is secure but some security also lies on use end also. Always keep your computer safe from viruses and malware. Choose a strong password. All hacks start from human lapse |
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We all know how worked hard Satoshi Nakamoto made the blockchain, for the ease of all of us, should we not do anything for this?
So the answer is yes, we too should do something.
That's why I and some of my friends have decided that we will. We will build a small academy with only two or three rooms, where we will tell people about blockchain, without any fees.
I want to know this from you, is this a good idea? Please tell me if this is not the right way.
We can only invest two or three months for this Academy.
Lessons:
How blockchain works.
How to send or receive.
How to buy/sell cryptocurrencies ( Trading).
What is the private Key.
What is the difference between Coins and Tokens.
What is ICO or IEO.
All I can say is Good luck to you and to your team. Satoshi created this revolutionary open source platform for us and that too for free. Now its our job to spread satoshi message of decentralization to those who don't know. |
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but when you think of halving as a price pumper then no it has no role to play whatsoever. specifically not in crypto market as a whole. when speaking of the market, the demand is the more important factor not the supply.
price pumper? I guess it does since every halving follows by a high demand resulting the price to increase and I think the trendiness of bitcoin compare to the last halving that occurred in 2016 is way bigger than it is now so most probably that will going to have a massive impact on bitcoin price although 85% of total supply has been mined. Does it play a vital role? for me it's a YES. i am not saying bitcoin price is not going to go up because of halving, i am saying it won't be pumped. there is a big difference. a "pump" due to halving is what happened to LTC in its halving before the last. it got pumped hard by market manipulators and crashed hard right before halving and never recovered. a "rise" is what happens to bitcoin every halving, price goes up has a correction and then continues to to go up still after the halving. We don't need any more pumping. Only thing desired is stable bitcoin price for its long term survival, pumping no doubt gives good return in short duration for day traders but it discourages other from crypto market. i am hopeful too that coin halving will increase price |
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