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14641  Bitcoin / Legal / Re: Bitcoin Taxation: Major Challenge on: July 26, 2018, 02:07:01 AM
there isn't just one government for the whole world doing one thing! there are 195 countries in the world each with their own government and each doing a different thing. so when it comes to bitcoin and what they consider it and how they tax it, the rules are very different and when you want to talk about them you must be more specific.

for example bitcoin is considered a commodity in US, a currency in Japan, and no idea what it is in India and is banned in Bangladesh. tax is 10-20% for US, 0 in Japan if used as a currency and i think 10% if used as an investment,,....
14642  Economy / Speculation / Re: Mike Novograts to CNBC: ‘I Think Bitcoin’s Price has Bottomed’ on: July 25, 2018, 03:50:34 AM
The absence of comments and advice might be showing that we are in a stage of confusion.

or it shows that the subject of reaching the bottom was already discussed elsewhere in multiple different topics and also shows that people don't care what some old hedge fund manager dude who advertises his BlockFi fundraising says about bitcoin price Tongue
14643  Economy / Speculation / Re: Bull trap? or Bull run BTC breaks $8000 on: July 25, 2018, 03:29:11 AM
What do you think about this bull run right now? BTC recently breaks  $8000, is it a bull trap or a real deal? FOMO?
i don't know what you mean by "real deal" but it is neither bull run nor bull trap. this is basically bitcoin going back to where it belongs after hitting the bottom last month. and when a rise happens like this there is always FOMO which contribute to that rise and make it bigger.

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people converting their Alts to BTC?
when you for example, go to Binance and dump an altcoin for bitcoin, the bitcoin price doesn't change! because it is not on BTC/USD market but instead on BTC/ALT market.

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I have many questions right now bought BTC from $7800 should I get out? or ride this wave, It's very difficult to anticipate market now because of bitcoin ETF.
it is difficult to anticipate because you got in way too late.
what you should have done was to buy bitcoin when it was at the bottom around $6000-$6200 and was building up to rise or at least you should have bought when the rise began around $6500-$6800 not wait until last minute to get in after about a 30% rise.
14644  Bitcoin / Bitcoin Technical Support / Re: Receiving a transaction with bitcoin core - quick question on: July 25, 2018, 03:15:19 AM
for what it's worth you can specify a receiving amount for example when you want to "request a payment". it is a URI scheme specified in Bitcoin Improvement Protocol 21[1]. basically you create a URI asking the other party to send you a specific amount like as a merchant when you want to sell some goods and it costs XBTC you ask them to pay you that much by just clicking on a link.
for example from the BIP:
bitcoin:175tWpb8K1S7NmH4Zx6rewF9WQrcZv245W?amount=50&label=Luke-Jr&message=Donation%20for%20project%20xyz
clicking on this will open your wallet and fills the fields with the address you are paying to, the amount and a message in your wallet history saying what this payment was for.

also regarding always using the same bitcoin address make sure to read these two links [2][3]

[1] https://github.com/bitcoin/bips/blob/master/bip-0021.mediawiki
[2] https://en.bitcoin.it/wiki/Address#A_Bitcoin_address_is_a_single-use_token
[3] https://en.bitcoin.it/wiki/Address_reuse
14645  Bitcoin / Electrum / Re: Electrum 3.2.2 not working with VPN on: July 25, 2018, 03:01:03 AM
since you say this is only true in 3.2.2 then there is a good possibility that this is caused by the recent changes to the DNS resolution. in which case you might want to open an issue on github about it https://github.com/spesmilo/electrum/issues/new
although you should first make sure the problem is not with your connectivity. unfortunately i don't have a VPN to try and produce this to see if it is really a bug.
14646  Bitcoin / Wallet software / Re: Wallet in messengers. Your opinion. on: July 25, 2018, 02:44:15 AM
sorry but i don't see the point of  something like that specially if you are talking about using tokens/altcoins.
for example why would i want to store my coins on a third party centralized Telegram bot where i can store them in a desktop wallet or even a web wallet like MEW? and if i needed to make a payment i just open my wallet and make the payment.

the only reason why something like that could be useful is for tipping. something like the TipBot on Reddit which wouldn't exactly be a wallet but a centralized setting where people have balances and can transfer it inside that centralized server's database no on chain.
14647  Bitcoin / Bitcoin Discussion / Re: Lets talk Logic! on: July 25, 2018, 02:25:34 AM
Let's talk logic!
 We admit that BTC is losing it's Value
well when you start your topic by "logic" and then continue to say "bitcoin is losing value" while it is rising you just discredit yourself!

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as people have fear of it
only the newbies who fail to understand bitcoin have fear of it and make irrational decisions like panic selling during a rise or selling at the bottom. and that was the drop that happened more than a month ago.
the rest aren't fooled by some online nonsense.

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@ the same time governments in the middle east, started to make it easier with their master cards, prepaid ones! which easy to use and FREE! even with no fees... which shows 100% it's a war of Crypto @ ALL not only BTC!
sorry to disappoint you but the banking system in Middle East has been the same for many years and it has nothing to do with "crypto". it doesn't show anything either and altcoins are still getting dumped hard.
14648  Bitcoin / Bitcoin Discussion / Re: BitPico throwing down against Roger Ver on: July 25, 2018, 02:18:15 AM
about a month has passed from this, so can someone give us a summary of what exactly happened. i honestly missed it and the media seems to only have talked about the initial intention to spam attack and then talk about nodes and how centralized they are based on Bitpico tweet about their nodes being banned!!! but i can't find what happened to the blocks.
like for example what was this 6MB block that took nodes 40+GB RAM to verify?
14649  Bitcoin / Bitcoin Discussion / Re: Bitcoin experiences largest price surge in months:crypto market recovering on: July 25, 2018, 01:57:42 AM
Another fud will be come for few days to go, first one about SEC delay ETF. Maybe today this news not affected market, it will happen if another bad news come.

this is not FUD, this is just SEC being SEC. this has happened before exactly like this, they delayed their decision and extended it as far as they could and finally rejected it. and i still think the most part of this rise has nothing to do with ETF news. i say even without ETF price would have reached here and went back to test $10k like the previous 2 times this year.
14650  Economy / Trading Discussion / Re: I just want to share my current trading position. on: July 24, 2018, 05:44:19 AM
when it comes to trading first I always looking for market capital i preferred low cap than high cap, 2nd I reviewing the activity of devs or the owner of the coin itself, if it is active or not, Im checking the github, twitter, bitcointalk etc..checking on the latest date of their post
none of these matter for profit and trading. the devs and the community,... can be the most active but the price can still continue to drop.

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and looking for upcoming big news or events
this is the only thing that can lead to a rise. for example being listed on a big exchange like Binance, Coinbase,... always leads to big pumps.

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then i will enter when the coin is in dip position (dump), but nobody can predict when the coin is already on its last dip, that is why every time it goes down between 50% to 60% i always add or buy. I never sell when my coins are dump to greater than 20%.
this is a huge mistake. altcoins that are getting dumped are the worst choices for buying. they  can get dumped up to 90-99% losing almost all of their value. and holding until you lose 20% is the worst stop loss that you can ever choose!

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At this point I'm holding 7 coins. currently first entry of my capital in 3 coins are around 30% lose, but I added capital when it was dump in 50%, therefore 2nd entry are around 20% gain. The other 4 coins are 15 to 20% loss waiting for 50% dump in order to add more but as of now all my coins are stable losing 1% to 6% sometimes gaining at the same rate everyday.
i feel like you are gambling not trading.
when trading you have to have a much more solid reason than "it is in a dump"!

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Hi all, those coins are almost 1000% dip from the price so for me Its okay to hold it as long as I bought it in dip point.
a dip can not be bigger than 100% which means going down to 0. the price can't go to negative so the dip can only be smaller or equal to 100%
14651  Economy / Speculation / Re: Now Trending on: July 24, 2018, 04:29:17 AM
you should always buy when everyone has already given up on bitcoin and sold everything they have meaning you should have bought at $6000 when i was saying this is the bottom and many were saying no it will go down more!

i think this rise is not just because of ETF, at least it didn't start because of it. it started because we hit rock bottom and the trend was reversed. and then it became more about ETF because people were constantly told ETF is coming and it is good! most of those hyping it don't even know what ETF is Cheesy
14652  Economy / Speculation / Re: Bitcoin nearing %50 crypto marketcap domination on: July 24, 2018, 03:59:07 AM
since this is not "dominance" and since there are still nearly 2000 shitcoins/tokens out there with billions and billions of coins in circulation the 80% is not "sanity" and we may never see it ever again unless the market is cleaned from at least 1500 of these useless crap.

dominance of bitcoin has always been 99% and will remain that much. and its share of the total market cap is currently 46% and it may go even lower as more shitty ICO tokens are being released out of thin air. it is so easy to produce millions of dollars worth of market cap every couple of hours and it is the logical and real bitcoin's market  cap versus bloated and fake market cap of nearly 2000 coins. it is supposed to go down.
14653  Bitcoin / Bitcoin Discussion / Re: Has Satoshi Nakamoto been given any award for btc? on: July 24, 2018, 03:40:32 AM
as far as i can tell, no SN has never been given any kind of awards and i think it is too soon for that. it usually takes a long time for them to give awards like this to a new technology which is not yet fully adopted even.

the only serious case that i can find is Noble Prize Nomination in Economics back in 2016 which you can read about here: https://bitcoinmagazine.com/articles/satoshi-nakamoto-nominated-for-the-nobel-prize-in-economics-1447088488/
unfortunately the Nobel Foundation doesn't reveal the names of nominees so you can't see whether SN was among them or not. he didn't win anyways.
14654  Bitcoin / Bitcoin Discussion / Re: The day will surely come Banks soon accept Bitcoin on: July 24, 2018, 03:30:01 AM
banks accepting bitcoin is not such a great news though! it can even be a terrible news if you ask me. because if banks start accepting bitcoin, open bitcoin "accounts" and things like that, it may encourage people to start using banks instead of avoiding them and having their own bitcoin wallet. and that is terrible because they would be going back to the centralization that were trying to get rid of.
14655  Bitcoin / Bitcoin Discussion / Re: Can the lighting network eliminate most of the cryptocurrencies? on: July 24, 2018, 02:53:54 AM
all this time bitcoin has been the only useful currency that existed among cryptocurrencies but still altcoins existed. LN will only increase that usefulness by adding new things on top of already being used bitcoin. that won't change anything about altcoins they are still as useless as before and they continue being pump and dumps. while only a handful of them that are being buried by pump and dumps are good projects but go unnoticed because shitcoins like ethereum, ripple, bcash,... are taking all the attention.

devs have given up scaling mainnet.
There isn't even anything to scale. Why would you scale upwards if the block scarcity only goes through the roof during spam attacks or extremely short term usage peaks? Currently 1MB blocks are doing well enough.

I'm sure that if ever there is a need for an increase in block space, it will happen. It will only happen when the majority consistently shows that Bitcoin needs an upgrade, not because a minority of wealthy bullies want it.

we already needed the capacity increase and it was increased. the block size has not been 1 MB for nearly a year now. in fact there is no  block size anymore, it is block weight. basically capacity has increased about 20-30% so far but it can go up to about 80% if more people start using SegWit.
hopefully we get something for aggregating signatures so the big transactions with many inputs can also become smaller and that will increase the capacity further.

...and the block size increases is the last resort which will eventually happen also.
14656  Economy / Speculation / Re: Bitcoin rise altcions fall! on: July 24, 2018, 02:42:57 AM
this is not new!
altcoins have been falling whenever bitcoin price went up in the past also. the problem is you are missing the whole history, you just saw last year where prices of altcoins went up after bitcoin rise stopped each step of the way up to $20k so you think they are  depending on bitcoin and rise with it! but the fact is they only rise when bitcoin is stable, other times they are going down.
14657  Economy / Trading Discussion / Re: Is it possible to do Arbitrage trading with USDT/BTC? on: July 23, 2018, 04:36:56 AM
if both exchanges have a working USDT wallet where you can deposit and withdraw coins and also if the price difference is big enough to cover the costs of the arbitrage trade process including withdrawal fee and trading fees, then yes it is possible. but make sure to calculate everything before making any move and also consider the risk that is the always changing market.
14658  Economy / Trading Discussion / Re: Newbie trader on: July 23, 2018, 04:24:22 AM
If you are just new to crypto , First learn What is Butcoin And How it works.

- Use An Exchnage for Trading Select best one as per fees
- Place an order in exchnage in Limit order Not on markwt rate to gain more profit
- Select you want to Earn for long term or short term investment
- Remember Crypto market is 24/7 Hours.. You can not Watch always
- You Aim must be Buy Low Sell High
- Keep away from Pump and dumps.. Avoid biying such coins
- Learn technical Graph analysis
- Hold some coins , Trade Some coins and Sell some


Hope you understand all points

I confuse about " keep away from pump and dumps " point

he is basically telling you not to trade any of the altcoins because they are all pump and dumps schemes but he thinks only some of them are!
when it comes to trading altcoins these days people don't seem to agree about strategies. many of them these days say you should hold on to altcoins  and have "patience" because they will go up, i say it is foolish to do so because they have no real potential of growth. you need to hang out in the market and analyze things for yourself and try to look at long term charts and see the rise and falls and focus on how long each cycle lasted. then you can form your own opinion.
14659  Economy / Speculation / Re: Bitcoin fair value is above $10,000 on: July 23, 2018, 04:13:05 AM
Will saying that bitcoin's fair value is above $10,000 be a more realistic statement on the price of bitcoin? I reckon it is. But wouldn't it then make Tom Lee's price prediction of $25,000 on December of 2018 more of a surety than a slight possibility? That is only a 2.5x gain for bitcoin, which it can easily make.

i actually believe that $10k was the real bottom and after the bubble burst and correction price should have stayed at $10k or at the very least in $9k range. and i consider that particular drop that broke the $10k support a pure manipulation.

but that still doesn't make Lee's prediction possible. it doesn't matter what we consider "fair value", the current price is important and it is $7k+ and it takes a lot of money for it to go from here to $25k. even at $10k that is still 2.5x gain which is HUGE not "easy"! for 5 months.
14660  Other / Beginners & Help / Re: Open source tools to track bitcoin flows on: July 23, 2018, 03:58:04 AM
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Web merchants routinely leak data about purchases. And that can make it straightforward to link individuals with their Bitcoin purchases, say cybersecurity researchers.
Use blockchain explorers, like blockchain.info

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Just out of interest, I would like to take for example one of my purchases and see how much other purchases I can link.
As far as I know, there are companies that focus on blockchain analysis, with one of the most famous being https://www.chainalysis.com/. They usually use their own software + standard Bitcoin Core nodes to gather information.

in most cases it is nearly impossible to use a block explorer like blockchain.info to analyze the blockchain and see where the payments come from and go to next.

and regarding  chainanalysis, that is not a free service, and i don't think they just give anyone a demo. use https://www.walletexplorer.com/ instead, it is the same company and it is free online tool.
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