Wherever you are from, what are the tax rates that apply to you when it comes to your profits?
There from where I am BTC is still relatively unknown,especially for the tax office.So if I want to pay the tax on any cryptocurrency profits it become nightmare and the mountain of paperwork.But depending on the status employed / unemployed,and knowing the holes in the law I can pay from 20% and up to 60%.I consider everything above 30% as legal robbery,so best way for me when selling is to do that with someone directly and get cash on my hand. But I hold most of my coins for future,when times come I will try to find way to pay as much as possible less taxes.If that means I need to move in some other country it will not be a problem.I am sure I will stay away from Japan  |
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I was hoping that things would be done to your benefit in the end,but maybe you do not need to give up on this.You should try to contact their support on a regular basis,and also post on every forum,reddit,twitter,facebook and wherever you remember.I see you have some contact in Russia,so why not report this case to their authorities?Chance that it will do something are very small,but I would personally try to exhaust all the possibilities to find out the truth.
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I read this weeks ago but I still don't get this part. "receive from most other wallets and websites simply because they consider bech32 addresses as invalid."If the wallet uses segwit-in-p2sh/P2SH-P2WPKH, they can understand bech32 address as valid? This means that if you want to receive BTC to SegWit bech32 address you may have problem because some sites/wallets simply do not recognize that type of address.We hope that this will change with time,and in the meantime you can use segwit-in-p2sh address format in Electrum if you follow these instruction : Create SegWit BIP49 WalletFor security reasons use iancoleman tool offline and on 100% clean PC to keep your seed safe. |
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I think China can no longer affect on BTC price with buying/selling power since they close&ban every exchange and service in country.However millions of Chinese returns home to celebrate the new year with family and most of them comes from abroad.Some of them maybe have BTC which they sell,but that is not affecting price in any way.
It should not be expected that people in China can have some influence to BTC,only influence which can come from China is from their government which is still working on more efficient methods to prevent any trading with cryptocurrency.I guess their next move will be to ban mining,but at that time most of miners will find some new locations.
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I just check your site on Alexa ranking and it is going down in last months so it seems to me that your traffic is also going down.But price of your service is very favorable,maybe I will try with 10 000 visits. So to use your service I need to sign up to http://cashons.com/ and manage my campaign from there? |
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winyau8888, it is better to leave them thinking so,if they want to learn about BTC and cryptocurrency they can just go online and search for facts.Sometimes is better leave things to evolve in natural way,if you try explain them some things some of your friends could invest the money and lose it for some reason(hack,lost private key/seed,big price drop).
When it comes to money and investment people should take responsibility for themselves.If somebody thinks BTC is scam&ponzi let him continue to think that,at the end every opinion should be respected.
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Also you can import Ledger seed in Electrum,to do that just use File - New/Restore - Standard Wallet - I already have a seed - ...
I would not suggest to do this! This will destroy the whole purpose of a hardware wallet (keeping the private keys in a save environment).Connecting the ledger with electrum (as a GUI) is the safer way. Importing the seed of a hardware wallet into a desktop wallet should be the last (very last) step after nothing else worked to access your BTC's. I'd rather first try out a different OS / PC before exposing the seed to theft. Once the seed has been typed/entered into another wallet it should be considered as compromised. will my Ledger 24 word recovery work with electrum/myetherwallet?
Yes. But you don't have to import your seed into electrum/myetherwallet. And you should not do so! This would destroy the whole purpose of a hardware wallet. The reason for a hardware wallet is to not have the private keys leave a safe environment. You can connect your ledger with electrum/myetherwallet without exposing the private keys to those applications. You will basically just use electrum/myetherwallet as an interface to communicate with your nano s. Regarding your chrome application: Did you check if everything is up-to-date? Bitcoin Chrome app should be 1.10.1Bitcoin app (on your nano s) should be at least 1.1.18Firmware of your nano should be 1.3.1I do not understand why you repeat what you wrote before? hutchdavidson wrote : Tried other usb cable, tried 3different computers at 3 different locations. Only thing i havent tried is a mac and i guess i will try that but i just dont think that will be the one thing that works after all this.
So i have 3 faulty ledgers now. How many do i have to buy... this is so ridiculous So I give him instruction how to try step by step one more time with Electrum as just user interface,and last solution is to import seed in any other wallet since this is only way to gain access to his coins.If he use legit Electrum wallet on clean PC then his coins will be safe until he get some new hardware wallet of fix problem with Ledger. |
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You did a very good job with this presentation of cryptocurrency exchanges.Most of users know only for centralized exchanges,and I admit that I have never heard for some of decentralized exchanges that you are mentioning here.I think this will be good reading for every trader.
I see you list NiceHash in your list,but this is mining service(hacked some time ago)and I think such services should not be in the same category with exchanges.
Some exchanges you may add : Binance,Coinbase,LocalBitcoins,Blockchain.info,KuCoin.Additionally to those you mentioned, these 5 are most famous among users worldwide.There is also many others,some of them are less known,many are just local exchanges.
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Im using the cable that worked originally when i bought it as well as other cables. 1 nano bought from factory in France, 2 bought from amazon reseller with lots of reviews. The manufacturer in france can't ship until march 27 due to demand. I tried the electrum install see above. I dont think i have the right version or something because after install and then opening electrum there should be a hardware wallet option and i dont have that. How do i know if i have 2.7.0 wallet?
I heard ledgers coming out with their own app so guess i will try that since nothing else works and i hope the market doesnt move too much until then or i ill miss out on a ton of money i have held hostage on this damn thing.
Very strange and unusual situation,3 Ledger Nano S and you have problem with all of them.It is very unlikely that all three are corrupted/broken,although there is this possibility and you have a very bad luck. So try to download Electrum from here : https://electrum.org/#download (latest version is 3.0.6) and after that follow these instruction https://support.ledgerwallet.com/hc/en-us/articles/115005161925-How-to-use-Electrum-with-your-Nano-SIt should be work if your Ledger/cable/USB port are functional and work properly,so try all 3 devices. Also you can import Ledger seed in Electrum,to do that just use File - New/Restore - Standard Wallet - I already have a seed - If you use SegWit chain on Ledger change derivation path to /m/49'/0'/0' to see your balance in Electrum. |
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I do not see any sense for big investors to work with crypto and give more then half of the profit to tax.
You act like investors are losing big time if they happen to invest in crypto, which isn't the case at all. Sure, 55% as being the highest tax category is very steep, but it won't prevent or demotivate investors from trading and investing in the crypto world. If you end up making that much in profits to fit in the 55% category, you are making a lot profit already, even after the tax deduction. If you make $1 million in profit, it means that you have a net profit of $450k, which is still a fantastic achievement. By your logic it would mean that investors will also miss out on that $450k if they didn't invest, because you think it doesn't make sense. Profit = profit. You have your own opinion,and you think 55% tax is something normal,but for me it is not in any case-no matter what the profit is.If you work hard and invest your time and money,you take a big risk also,then after all that you think to give away 55% of your profit is make sense? Such a high tax rate can only be demotivating factor for most investors,but there are also some of them who will think like you.But this is only for big players,let them worry about it-if they are OK with 55% tax it does not mean anything to me in life. |
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Given the opportunities provided in the world of cryptocurrency,no country will not be so easy to give up collecting taxes on crypto trading&investment.But 55% is too much regardless of how much profit it is,I do not see any sense for big investors to work with crypto and give more then half of the profit to tax.If this is true then Japan will not be so friendly country for investors compared to some other countries.
But as many already know,it would be almost impossible to not pay tax when it comes to BTC-governments slowly tightens maneuvering space for crypto users,it is only matter of time when they will connect all the dots.
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any way to sync the wallet faster? my wallet is taking forever to sync.
edit:
oh actually never mind. doesn't look like I have to be fully synced to send xrb.
You can download Nano blockchain and follow instructions to sync wallet faster : https://bitcointalk.org/index.php?topic=1381323.10680Bad news regarding stolen Nano from Bitgrail,but by info some members post stolen Nano is on Mercatox,maybe there is some way to get it back to users.Also Nano team is reported the case to law enforcement and Binance&Nanex will cooperate and froze all suspicious accounts and deposits which came from Bitgrail. We can only hope for best,but it is proven one more time that coins on any exchange are not only your coins. |
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Can you have two, or three wallets synced up. Example: One on my desktop, one on my work, one on my mobile. Or would you have to send your coins to each wallet so they all have their own balances.
If you have hardware wallet then you can use it wherever you want,your private keys are never exposed.So if you have Ledger hardware wallet you can use it at home,on your work or at your friends PC-just start Chrome and use Ledger Bitcoin Wallet app.There is no need to expose your seed and install any additional wallet. |
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Hi. When Im sending BTC i have 2 confirmations on the devices display. 1st - receive address and the amount. And the 2nd Im concern of. There are different address and another amount. After reading about the attack i havent send anything.
This is just your device ask you to confirm change address,it is normal in HD wallets to have change address.So when you send 0.01 BTC and you have in total 0.02 BTC,0.01 + fee will be send to address you pick,and rest will be send (free) on change address.I notice this few days ago first time in Electrum 3.0.5 in combination with Ledger Nano S. From Ledger support is explained that sometimes as they say "minor bug" can cause such behavior on device.It should be safe,but since latest reports how easy is for malware to create receiving address in Chrome app,this is also represents a security problem. https://support.ledgerwallet.com/hc/en-us/articles/115005469005-What-if-two-Outputs-are-displayed-Transfer-to-a-Change-address |
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We can only speculate about price in 2026/2027,it is pretty far away of the present,but my prediction is that price may be somewhere in range from 300 000$ to 500 000$.This is based on only 50% price increase from 15 000$ in 2018,and it is very realistic for me.Of course it can be a lot less, and much more than that which will depend on a lot of factors.
If demand increase over the years,and supply will for sure go down thanks to two halving(2020&2024),then is realistic to expect to BTC price be expressed in six-digit figures.
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In the morning I read the news where one of the leading multinational finance company stats that the “Bitcoin & Other Cryptocurrency will be zero”. So is it possible? If possible then which instructions should be followed getting out of debt?
I think there is always a chance that BTC will be worth 0 one day,even Satoshi Nakamoto say " I'm sure that in 20 years there will either be very large transaction volume or no volume". It is well known thing that banks and other financial institutions do not have a friendly attitude toward BTC and others crypto coins,something like that is a threat for today's system in which they generate huge profits.So you do not have to be surprised when you read such news,it is only FUD and it show that system is in fear of change and losing control. I think that BTC is show resistance through the years and it is far away from 0. |
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This is news only because Steve Wozniak is co-founder of Apple,but he is not in any way related to cyrptocurrency world.As he say it was just an experiment for him,and watching price,charts and have worries about money is not something he want is his life.Good for him,he have enough money to live ten lives if he have such opportunity.
Also he make nice profit with BTC,and he say that he keep some of BTC,so he it is not sold everything.This news can not affect price in any way,just remember that founder of LTC is sold all his LTC few months ago,and LTC is still live and doing pretty well.
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He invest lot of money in cryptocurrency whether it is a certain coin or some crypto related project like Coinbase for example.When he say that BTC will be worth 10 000$ in 2014 many have not taken it seriously,but we saw that he was right.I wish he is right with what it predicts for the future,maybe Starbucks or McDonald’s will not accept BTC in next 5 years,maybe it will take longer then that,but I share some of his thoughts.
It is interesting that he invest in others cryptocurrency also,so he is not only belive in BTC.It is good decision ,he know that it is not smart move to keep everything in the same basket.
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Unfortunately like most people they also do not think ahead,so they need to upgrade their system so that they can continue to function normally.It certainly causes a negative reaction from users,because trading is not something what should be put on hold-people lose profit and exchange lose their trust.This is particularly pronounced when it comes to reletively new exchange like Binance.
We need to see can they finish maintenance in 12 hours,or it will take more then that as is usually in such cases.
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I was using Electrum 3.0.2 on OSX Sierra fine and now I get Failed to Compile Output errors when sending. Upgraded Keepkey to latest firmware too. Any known issues or fixes for this?
First you should upgrade to latest Electrum (be sure to download only from here : https://electrum.org/#home ) and make sure to have backup of your seed in case you need restore your wallet. There seems to be problems with SegWit and multisig wallets related to your problem,in some cases users report that they get such error.You should try to upgrade to latest Electrum and see if this solve your problem.If problem is not solved try contact KeepKey support and also developer of Electrum. |
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