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1341  Bitcoin / Legal / Re: Okay. Charge tax on bitcoin. Is this fair policy? on: January 21, 2020, 03:34:23 PM
Government will only accept taxable cryptocurrency. If crypto comes into tax net of country then government can trace many thing about the crypto like who is holding how many bitcoins, KYC etc. I dont see any harm in taxing the crypto since its an asset and government globally tax the asset.
1342  Economy / Economics / Re: Richest 2000 People richer then poorest 4.6 billion on: January 21, 2020, 02:38:44 PM
Richest 2000 People richer then the poorest 4.6 billion.
Richest 26 persons richer then 3.8 billion people.

Today I read this in the newspaper that Oxfam Novib calculated this in their report called time to care about economic inequality.
Especially women in underdeveloped country's are stuck in poverty and can't get out.

We all know this has been going on for years but it is pretty shocking to see the enormous difference in these numbers.
It is also hard to comprehend that most concentrated part of the wealth is hold bye a small club of men.

How do you think this is devided with Bitcoin we can all just see the top richest wallets in Bitcoin, but do you think Bitcoin is more fair devided then the current money system?
What would be the most fair way of dividing a cryptocurrency so the whole world is actually part of it and gets wealth?


It's all same. See bitcoin mining for instance, today only those can mine bitcoin who can afford expensive mining equipment and electricity Bill's. Rich n poor is social issue rather a financial one and it's there since the human life started.
1343  Bitcoin / Bitcoin Discussion / Re: Total Bitcoin lost to date? on: January 21, 2020, 01:31:05 PM
If you ask me, I would to say there's actually no way to tell. The reason is that there's no marker to differentiate between coin to which the private keys are lost or coin that are in someone's long term storage. Just because they're sitting and have not moved does not make them lost. However, The number of all coins that are lost will be less than the amount that is in circulation. we use Days Destroyed to measure the amount of the total supply that is moved around. there is no other way to estimate the upper limit of bitcoins that are lost.

Yes no one can tell with precision that how many BTC are lost. In early days people abondan there bitcoins, there are many such. 21 million is total supply many of which are already in circulation.
1344  Economy / Trading Discussion / Re: What are the ways i can cash out Bitcoin in another country? on: January 21, 2020, 08:33:10 AM
Depending on the country you go to, and your tolerance for higher fees for converting BTC to FIAT, there a growing network of Bitcoin ATMs (see https://coinatmradar.com). The deployed network is pretty unbalanced if you take a look at the map, but the option is there. Besides fees, you also need to look at the cashing-out limits and associated requirements (if any – normally depending on the amounts being cashed-out).

Also there are countries where crypto is ban, make sure the country you are going has no such restriction. Crypto ATMs have high fees thats one reason why they are still not popular and widely used.
1345  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Does the ETH/BTC ratio present a trading opportunity ? on: January 21, 2020, 06:44:12 AM
Whatever your views on Ethereum, the fact is that the value of ETH to BTC is still very low ( even compared to historical performance ). Does this present a trading opportunity to perhaps buy more Bitcoin for your dollar ? ( By buying ETH and when the ratio goes up trade it for Bitcoin ? ) - There is some insight on this here : https://youtu.be/hY2m0HtAw7g


keeping in view the bearish trend, I think if you are looking for long term investment then its perfectly fine to buy eth at this price since eth has the potential to go way up in the long but for short term traders this price is a bit high. since market is already coming back and I think we will have bearish market once again.
1346  Economy / Marketplace / Re: According to CMC, in 2019 crypto cap has tripled, and daily volumes passed $70B. on: January 21, 2020, 06:23:08 AM
btc started its 2019 journey with 3500$ and peaked around 12000$ and ended 2019 with price around 7000$. OP referring to the time when btc was at its ATH of 2019 and he is correct in saying that it has tripled in its value. its all about price swing, btc can go in both directions.
1347  Other / Politics & Society / Re: Prince Harry's break with the Royal Family is a historic event...! on: January 20, 2020, 03:07:06 PM
harry wasnt really high up on the list of succession to the throne.. his nephews and neice took that spot (williams kids).. so its not like he was that important as a future majesty.

so its not really going to change things in the UK


Prince Harry, Duke of Sussex is man who want to live the way he want. Earlier he married a divorced and elder women, now he is moving out from royal family. I do agree that since he is not in the list of king, so it doesnt matter whether he lives or stays in the royal family. All the best harry for future life.
1348  Bitcoin / Legal / Re: Why has not any government stopped Bitcoin? on: January 20, 2020, 10:26:44 AM


The answer is evident. Bitcoin is decentralized system. It was designed to be unstoppable. 

Governments have taken all steps they can to stop cryptocurrency use from spreading. Its because of this decentralized nature they were not able to completely stop its use. This is where we see power of spreading the control to multiple entities, the system become robust and censorship free.




1349  Other / Politics & Society / Re: failed states in third world, why are politicians in the west still so stupid? on: January 20, 2020, 07:01:03 AM
Libya was doing quite great before the Western-led coup that removed Gaddafi. Should have kept his mouth shut about his plans. Only consolation for him if there's an afterlife is that he's laughing now watching Europe overrun by Muslims just like he said would happen.

The same can be somewhat said about Iraq, it's not super great and it was more repressive than Libya but it was stable. Iran was pretty much modernizing as a society before the Shah got removed, again by you know who.

But yes, I agree, there should be less of these "interventions". Let them sort their shit together. Thing is, the West can't stop. Dare I say WON'T.
It's quite amazing that the western countries especially the USA, always fill the need to overthrow people that they claim to be dictators and when they do, the place become a breeding ground for terrorism which they then send their soldiers to fight and this leads to more deaths.  They should just mind their own business and not mingle in others. Except in the scenario where you give them financial aid.

That's true. World will be a peaceful place if every country mind his own business.

USA supported and provided full support to Saddam Hussain in Iraq and when they have done with him they overthrown his rule by using military power.

We saw same thing in Afghanistan, USA supported afghan freedom fighters when they were fighting against USSR. After the war USA also overthrown there rule in the name of terrorism.
1350  Bitcoin / Bitcoin Discussion / Re: Bitcoin Hash Rate Continues Climbing to New High Indicating Healthy Pre-Halving on: January 20, 2020, 06:40:49 AM
Don't know why this is always news, Bitcoin hashrate will always go up, even in bear markets. The reason why is due to improved efficiency of hardware.

Regarding the halving, in general its not great if the price of BTC is low. Because miners will need to sell some of their BTC to pay for electrical and equipment costs, if the price of BTC is low then they will need to sell more BTC to make up the difference in fiat, which means more selling pressure in BTC.

Sure the first 2 halving were a great time to invest in BTC, however keep in mind that history, especially in trading usually doesn't repeat itself. Many investors might end up trapped if they base their investment advice on articles such as this.

I Think we will trade sideways during the halving and maybe a higher price in 2021 or such.

I think this only means that more and more machines are joining the mining process and this will in no way have any effect on bitcoin price.

Last halving have impact after one year and that doesn't mean that this halving will also take price of bitcoin to new heights. Today's market scenario is much more different, we have many more in the community.
1351  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is BSV a bubble ? on: January 20, 2020, 02:55:59 AM
Well Surely it was and bubble and it's over. Within few days it will fall back to its original price. But those who bought it around 170 just before the pumping enjoyed the pumping session.
1352  Bitcoin / Bitcoin Discussion / Re: Craig versus Ira Kleiman of Dave Kleiman Estate ? on: January 19, 2020, 11:27:06 PM
One thing is very clear and that is Craig is not fool rather he has fooled all of us who discussed all of his dramas. See this forum, here posts are full of Craig and with every reply (including me) we are bumping threads and giving him the popularity he is looking for.
1353  Other / Politics & Society / Re: failed states in third world, why are politicians in the west still so stupid? on: January 19, 2020, 08:35:58 AM
third world countries and their never ending failed state status can ever be prevented or uplifed?

https://en.wikipedia.org/wiki/Failed_state#/media/File:Fragile_State_Index_2018.png

where is the realism, there is no point invading lybia, iraq or iran or bangladash and all african countries, those regions will fail and collapse sooner or later anyway,

its much more important to protect the stable and good part of the world to become like them.

why are there still so many idiots in the political class in the developed world?

Get your facts updated my friend.
Iraq has oil while its leader was not in USA control.
Libya has free education n medical, low taxes and then came democracy.
Bangladesh GDP growth is currently highest in the world. More then USA.
War is not always for money but for interests.
1354  Bitcoin / Bitcoin Discussion / Re: Bought this stuff with Bitcoin, great way for people to become aware of Bitcoin on: January 19, 2020, 07:10:54 AM
Most people are already aware of bitcoin. The problem is their trust and understanding. I don't think a lot of people would change their mind just by you showing what you bought through it. I think major companies and governments should acknowledge it to build people's confidence. It's going to take a little more time before the majority accepts bitcoin's positive nature more than it's minuses.

Majority of Governments are not very much in favour of bitcoins and other crypto that's why companies are not adopting these crypto. Right now people who are outside crypto community know that bitcoin is currency of dark web only.
1355  Bitcoin / Bitcoin Discussion / Re: Do you record and preserve Bitcoin history? on: January 19, 2020, 06:09:46 AM
I never do record any website but I have maintained an excel sheet and I do record stuff I like there. Stuff like some good quotes or technical things related to crypto. Rest there is no need to record any predictions as almost all went wrong.
1356  Other / Beginners & Help / Re: How do we calculate the correct transaction fee to send? on: January 18, 2020, 07:37:03 PM
I use electrum wallet and usually I drag the cursor to left to set lowest fee, then click preview and you can see how many bitcoins are being deducted as fee. I don't know about other wallets.
1357  Economy / Speculation / Re: Bitcoin Will Reach $400,000 After Halving, History Dictates on: January 18, 2020, 10:47:32 AM
Let's hope that it may reach 400,000 $ after halving. No one wants this prediction to go wrong.
It's another prediction related to bitcoin future price and I dont think there is roam for so much massive jump in price. If we dont have bitcoin adoption in daily life going up, I am afraid price will go down.
1358  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can Ethereum reach the 1400$ mark this year? on: January 18, 2020, 08:59:22 AM
Ethereum in dec 2017 crossed 1k$, since then its wasnt able to fly like other altcoins. But if we have a bull run again like of dec 2017, ethereum still has the potential to cross 1k$. Nobody can say whether this year it will cross 1k$ or not but it will surely one day.
1359  Economy / Economics / Re: Thoughts on the World War 3 and its possible impacts on future? on: January 18, 2020, 06:13:50 AM
So the whole thing started off as a meme on twitter, people were going crazy about it, the moment they heard news that Qasem Soleimani was killed by an US drone. At first, everything seemed all so scary, people were scared on how Iran would respond, and hell was breaking loose on the Streets or Iran. This goes two ways now, while Qasem Soleimani was a terrorist according to US, and has caused a lot of stuff in the past, some Iranians were still mad that US had murdered their major General, and they started chanting "Death to US" on the streets. On the other hand, many Iranians were happy that their General was dead. Now, how did Iran respond? They warned the US bases in Iraq that they were going to launch missiles 6 hours before they did, giving the US soldiers enough time to evacuate the base. And while this happens, Trump tweets: "All is well!"

Now to the US side of things: The entire US is confused and perplexed on why all this happened. The Trump administration claims that Qasem Soleimani posed an "Imminent threat" towards the US, and apparently, 4 of their embassies were at potential risk. Weirdly enough, this was not the case, according to the Defense Secretary, as to him: there was no sign of an "Imminent Threat" towards anything. And whilst all this, Iran "accidentally" shot down an Ukranian Passenger plane.

Politics all aside, nothing adds up. The US has been wanting Oil from Iran for years now, and this was somewhat of another failed attempt at it. Iran's tariffs are to be increased, and also, if things do go Haywire, Russia and China have Iran's back, they have held "Naval drills" in the Gulf of Oman.

Now considering all of this, how is an economy like Iran going to stand up against the US? And how is the possibility of another World War contribute towards the whole global economy? I am still intrigued on the possible outcomes of how a modern-ized war will affect the overall economy. Also, could it be possible for Trump's attack on Iran be more of an Economic move than just mere politics? Something has to be there, right?

Note: Don't spam.

As far as oil is concerned USA has already got many from Iraq. Iran is sensible and will never start a war from its soil with USA. Iran know he will be just a piece of cake for powerful USA military. Good thing is we are not heading towards war.
1360  Other / Beginners & Help / Re: Things needed for people getting started with crypto on: January 18, 2020, 05:20:10 AM

There's no need to have a small amount of Bitcoin to get started sometimes it's good if you earn it with your skills and the main thing you need is proper knowledge on how the bitcoins and crypto works, but your listing is good and people who want to starts should be more resourceful to search some credible information so that they will not fall on misleading investment options.

Many think that crypto trading is like a piece of cake and everyone can do that. But reality is totally different, you need to have proper knowledge or training before you start crypto trading else you wont make much here.
For new comers it is recommended to come with small money rather then jumping straight away with huge capital
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