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Excellent work. But manually it is very difficult to monitor profitability. I like to work with Nice Hash. Based on the calculator data, they automatically switch the operation mode of the equipment. Perhaps you also need to think about such software. The complexity of the algorithm selection is a big problem for beginners.
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I pay for electricity on my own. In my country, the price of electricity is low. But we see that the cost of electricity will increase. Perhaps in the future we will see attempts by the state to limit the possibility of exchanging cryptocurrencies for Fiat to combat users of cryptocurrencies and increase the price of electricity to fight miners.
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Bitcoin can't save the falling economy of the country. The volume of the cryptocurrency market is much smaller than Fiat. Cryptocurrencies are not intended to lend to the modernization of enterprises. The positive effect of cryptocurrencies lies only in the fact that users can earn income outside of their country. This money will be exchanged for the national currency spent for everyday needs. This will warm up the demand a bit but there will be no serious effect for the economy.
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There was actually a peak of %46 segwit transactions but it was really short lived, now it's leveling don again at 30%. You can still see the peak in segwit.party website if you click on "last 3 days". It lacks precision but it was %46.
I think the bulltrend is also helped by the increase in segwit transactions. Do higher fees lead to lower price? im not sure about that. Higher fee means more usage? im not sure about that either, due spammers and so on. It's difficult to assess the impact of fees and blog space on the price.
It seems to me that the increase in charges leads to the fact that the coin increases its price. We are forced to make transactions less frequently and in large amounts. In order to collect a large amount we have to keep the coins. This causes a decrease in the number of coins on sale and automatically increases the price. But this effect is short-term. Then users are forced to exchange large sums for Fiat and make purchases without transaction costs. This on the contrary increases the number of coins on sale and reduces the price. |
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When you invest in bitcoin you are not at risk of becoming a victim of scams. You risk losing your money due to the fall in bitcoin price, but I give you a 100% guarantee that if this happens no coin will survive. Look at the price charts. Price charts of all the coins replicate the indices bitcoin. Therefore, for me, more acceptable investments in bitcoin.
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I can tell you more easily. There are certain rules for any coin. Over time, some shareholders want to change the rules but do not reach a General consensus. Then part of the shareholders go out of the system and create their own coin with their own rules. This is called a Hardfork. Usually, during such a division, each coin holder receives the same amount of new coins free of charge.
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I also do not like the speed of confirmation of transactions and their price. We saw this flaw when the price of bitcoin was $ 20,000. Can you imagine what the price will be for the transaction if the price of bitcoin is 50K-100k. But there is still the problem of the inability to withdraw your payment if the store sent you a defective product or did not send you anything. Now this is not very important because most stores do not accept bitcoin for payment. But we need to prepare for this now.
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Use your common sense and be discrete.
Set up several new current accounts to receive fiat money that you are withdrawing from the exchanges. (Don't use your main current account because you don't want to put that at risk).
Then withdraw about $500 worth a week till you have withdrawn all your money. The key is to not trigger the bank's algorithms, so you need a lot of patience.
Using the example above of wanting to move USD 10m out of crypto into fiat: With your strategy it takes 20'000 weeks or about 384 years to withdraw USD 10m! Even if you set up 10 accounts and withdrew USD 5000 per week, this strategy takes almost 40 years to get the money out. I do not believe that such money is earned honestly. Therefore, people are used to deceive the state. There are always black exchangers. You can exchange bitcoins for cash without using a Bank account. There are online exchangers that make the translation from private individuals. Such a lot of options. Everyone chooses for themselves is acceptable. |
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A self-governing banking organization in Lithuania has issued a warning to domestic investors regarding the risks associated with cryptocurrencies. In a statement put out on Tuesday, the Lithuania Banking Association stated that, while cryptocurrency has recently gained significant attention, it still remains obscure to domestic investors. As such Lithuanian investors were advised to be cautious in dealing with digital assets. According to the statement: "Those who decide to invest in cryptocurrency must realize that they do so only at their own risk. Virtual currencies are unattended and unregulated. Today's value of cryptocurrencies is based on speculations and transactions of such currencies are usually irrevocable and anonymous." read next https://www.coindesk.com/lithuanian-banking-group-warns-over-crypto-investments/Lithuania as a country is pro- blockchian tech. And this seems as just another statement from scared banksters which are losing clients. The most advanced IT industry country in the Baltic region is Estonia. In all other respects I agree with you. All politicians and officials have their own interests in the banking sector. They are always interested in cooperation with bankers. Such statements do not report anything new. Those who accept cryptocurrency they know about it and deliberately take risks. Those who hesitates will not buy cryptocurrency while to take the decision for themselves. |
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It is impossible to use cryptocurrency in a real state of the economy. How do you propose to lend businesses in bitcoins? If the price of bitcoin grows, the company will never repay its debt. State for the same reason can not take out loans in bitcoin. Cryptocurrency allows only to attract private investments to the country. But this is happening now in any country. Each of us is changing the bitcoin for dollars and are attracted to your country currency.
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Each country has its own tax law and opportunities to conceal income. You need to consult with financial analysts from your country. It's worth the money. But if you have a lot of cryptocurrency then you can save a lot of money. Perhaps you will be cheaper to withdraw money to a foreign account.
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In some Asian countries bitcoin is very influential for people to invest. why it is still illegal for a particular country. to be more clear and can be received by the government like where?
BTC value based on dollar and my currency are weak against dollar. My goverment think that if bitcoin increase up to $ 100.000 , our currency will experience inflation that's why they want have a meeting with G-20 member in this March-April so they can decide the manner for bitcoin ! What will change if bitcoin is recognized by governments? Do you think inflation will stop? No. Bitcoin is the verdict of the existing global financial system. I think that governments of countries belonging to the G20 there is no way of combating the spread of cryptocurrency. They sit on two chairs. To allow the use, they can not, but also to prohibit the use of they also can not. |
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Bitcoin does not belong to anyone. As it is possible to file a lawsuit? You can file a lawsuit against the sky due to the fact that some days there are rains and you have losses? Similarly, you can judge with bitcoins. Bitcoin is located in all jurisdictions. Previously, all rich people used offshore zones. Now bitcoin has become an offshore zone for everyone. There are a lot of interested parties so it is impossible to stop bitcoin.
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Btctalk name: Kronos21
Rank: Sr Member
Current post count: 547
BTC Address: 3Mp8nz913V9YJGWfd4SD6E51jB4XYLD7uK
Wear appropriate signature :Yes
Wear avatar :Yes
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Bitcoin will always be a good investment. But the price increase will not be constant. You need to understand it. Bitcoin is an investment in the new world order. The emergence of cryptocurrency is death for the authorities of officials and oligarchs. It is an investment in the future of you and your children. Bitcoin is much more than an additional income.
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I'm sure no one will ban signature campaigns. The members of this forum have the dividends from signatures. The forum administration reserves dividends from the popularity of the forum. Who is able to voluntarily destroy what was created almost 10 years? My opinion is that managers of companies are more interested in the fight against spam.
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it is easy to know that in the our first days of Feb bitcoin has dropped drastically, and still keep dropping more, we are getting close to lunar new year, so many investors are dumping bitcoin to enjoy their holidays, that makes the price drops even faster and will effect bitcoin very badly, it has drop to 8800 now, from today we may see bitcoin drop so much more at least we got to March to see the price back to normal.
I think the situation is much more complicated. Cryptocurrency is steadily losing its capitalization. This amount is several hundreds of billions. Do you think that all the money will go to the celebration of the Chinese new year? I don't believe it. But even if the money deystvitelno will be spent on the celebration as they return to the cryptocurrency back? So the long-term crisis? |
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Cryptocurrency closed system. If the price falls it means that people are selling. On the forum many people say that they are ready to buy now cryptocurrency. But then why the price continues to fall? Then you are not ready to buy. People are not even ready to hold coins. Here is the truth which no one speaks. Win only the most persistent.
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All five of these reasons are of secondary importance. The main reason for the price drop of bitcoin is that it has the properties of a currency. The duration of the transaction and its price makes it unacceptable for trading. Therefore, most people use bitcoin as an asset for savings. This artificially inflates the price of bitcoin. This well know how to use whales. They create panic and buy cheap coins. When all will be to keep the coins the price will be stable.
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I think the one reason why bitcoin dumps its price in the market because of those country who banned it. Banning bitcoin in one country showed impact on cryptocurrency because investors from that country will not access into bitcoin again. Panicking due to this dump will lose you a profit. Wait until its price recover again before to think to sell.
It is impossible to prohibit the use of bitcoin. The government can prohibit the exchange of cryptocurrency for Fiat. Perhaps it may startle you. But for me it's not a reason to abandon the cryptocurrency. You can earn a lot of bitcoins and cash them in another country. But the most important thing is that you have forgotten about what each of you is a voter. Why don't you unite to change the government to one which is tolerant for bitcoin? Politicians should fear to oppose the cryptocurrency. |
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