Not sure if it's just me but I noticed the subtle Bitcoin Cash shilling there: only 13 cents to withdraw BCH! It's a tenth of Bitcoin's price, so it's a relative $1.30, that's how I see it.
Fees are still far too high, however which way you look at it. Exchanges are supposed to make money from commissions, not transactions fees. I wonder if these exchanges will "pass on the savings" to customers if they somehow get on board with LN in time. Funny that they're only crediting SW when the underlying reason for raising fees in the first place was simply mempool spikes and rising Bitcoin price.
They've got to get a bit more creative in implementing dynamic fee structures, I think. Or even consider levying deposit fees for small amounts.
If exchanges set proper fees for withdraw,then BCH and BTC would not have any significant differences in fees.But even with this fees changes we still need to pay 5 to 7 times more then when we send BTC from our desktop/mobile/hardware wallets.I really do not understand why is it so hard for exchanges to set normal actual fees-if transaction can be confirmed in next block for less then 1$,why set fee to 5$ or more?Only miners profit from such strange decisions,or exchanges profit also in a way miners send them some % back-it seems like a good deal for both sides. |
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If we look out for the bitcoin trends of 2017 , the result was kind of similar to the scenario mentioned above .
Bitcoin was falling in the first half of the year and there was a sharp rise in its value after september .
But it is still unlikely to say that bitcoin would go to 30k in 2019 after it has a value of around 8.5k . Such huge change in the value is unlikely to happen . If it does then there would be as sharp downfall as well .
I do not agree that BTC is falling in first half of 2017,it is start 2017 with price under 1000$(around 985$) and it is rising to 2850$(Jun 5),then we see correction on 2236$(Jul 10).After that price is rise to 4670$(Aug 28) and go down to 3780$(Sep 18),then only up to 17500/18000(Dec 11).So it is mostly going up with few corrections during the year. We can expect something similar in this year,most of investors predict 30 000$-40 000$ by the end of this year and it is certainly possible.If BTC price only triple current value it will be around 35 000$,and if it is possible to get from 1000$ to 20 000$ in one year,everything is possible. I agree that in case of new ATH we will see big correction,it is normal and expected like always. |
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I think that people who work with Satoshi Nakamoto had the greatest opportunity to find out more about him,and maybe some of them know something more,but to this day kept the vow of silence.Every attempt to analyze his linguistic will not reveal a lot of details,except is he/she native english speaker from UK or North America or Japanese which is excellent in english writing. By analyzed data most of investigators conclude that there is a great possibility that person who write Bitcoin White Paper and person who exchange e-mails are not same person.So conclusion is that it's about more people then only one. One of the a person who is involved from the very beginning in BTC development is Hal Finney,and he is write on this forum his opinion about Satoshi Nakamoto : When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction, when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them.
Today, Satoshi's true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I've had the good fortune to know many brilliant people over the course of my life, so I recognize the signs. |
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Just now I only have bitcoin, stored in a hardware wallet, and I was thinking of getting another one when I have a higher amount, but, does it make sense?
I’ve thought about it for safety reasons.
I think you're thinking good,two hardware wallets is certainly better than one just in case one is for some reason stop working.It is true that you have option to recover your wallet using your seed on some desktop wallet,but from the security aspect typing seed in any desktop/online wallet represents a security risk.I am also thinking to buy another one,as you say it is a relatively small investment and a small price for safety. |
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I think no one wants to find themselves in situation to explain what is hardware wallet and how much money you have in that device.
If this smartphone will start getting any popularity, I'm sure a lot of officials will know about it, so it will be pretty bad for anyone who's trying to conceal their coins. A few months ago I've been reading a thread on reddit how people get searched in the US airports and how security officers take their phones and try to go through their private data, so the safest way to secretly transport coins is by memorizing your wallet seed. I also read about US airports and some very bad experiences by some passengers,I can not imagine that privacy is threatened in this way,but if you go there be prepare on everything.I also think that not many users will buy phone like this so it may stay under radar for some time.Regarding memorizing seed/private key,it is safest option for international transport, but always with the risk that human brain is not a perfect storage and need some backup. Not to be a dick, just sharing my opinion. My professor in an information security class once said that "nothing can be 100% secure".
Your professor is right,if something is made by humans it can be broken by humans.It is in most cases only a matter of determination and time which someone invest in that.However since more and more people will use cryptocurrency, technology will follow it,with the greatest focus on security of coins. |
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Why would we need some expert to make such "discovery" when it is a public and general known thing?Last December and new ATH were something special and in that light it is easy to see why we have 400 000 transaction on average in week.Activity was above of all expectations,media is bombed us with positive news daily,exchanges are going down one by one and fees are skyrocket.
Now we have the opposite situation and already traditional bad time of the year for cryptocurrency.When the price comes close to 15 000$ we can expect again crypto mania-but I bet all those who are burn last time will be much more cautious with investments.
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for me is logical that you not need to pay tax if you buy mobile phone or PC with BTC,but you will pay tax on capital gains if you are buying/selling cryptocurrency only with the intent to make a profit.
Why do you think that paying tax when buying smth isn't logical, globally? I did not think that paying tax is not logical when buying something,I was thinking that when buying something with BTC we should not be additionally taxed only because we pay with BTC.In Europe we have value added tax (VAT) which is different in each country and it may be different for individual products.So when you buy let's say TV,you will pay some price-one part is going to seller,other part to manufacturer and third to the state in the form of VAT.Some extra tax if you pay that TV with BTC would not make any sense for you because the overall price would be higher in relation to the payment in fiat. |
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But how would they know if someone was using it as a payment or for speculation? Do people have to keep receipts to prove they spent bitcoin as a payment for something?
If I were German I'd claim it was all payments and therefore not be eligible for any taxes on bitcoin at all...
In Germany tax payment on cryptocurrency is regulated for some time.If you buy BTC and hold it for 1 year or more and then sell-there will not be any tax on capital gains in that case.Also people will not pay any tax if they capital gain is bellow 600 EUR (I assume this applies to the annual period),so people there know how things stand. I am not sure how they will decide when to people need to pay tax or not,but for me is logical that you not need to pay tax if you buy mobile phone or PC with BTC,but you will pay tax on capital gains if you are buying/selling cryptocurrency only with the intent to make a profit. I hope others countries in EU will make similar decisions,but it will take time for that. |
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Maybe price of this phone is above some average price users would agree to pay,but I think that something like this is good news for all those users who want to have cryptocurrency on their smartphones.I think this phone could be very useful for those who travel a lot and use the airports,because in some countries they are very rigorous in terms of all possible devices people have in possession.I think no one wants to find themselves in situation to explain what is hardware wallet and how much money you have in that device.
From that point of view such smartphone would be great solution,under the assumption that it is really safe and reliable.The manufacturer claims that this is exactly the case,but until the device is in the everyday use we can not really determine how safe it is.
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guys how to get around local tax laws and convert crypto earnings into legal fiat?
Maybe the simplest way is to sold coins to someone directy,so you need to find buyer,meet with him and get cash in hand.On this way you will not pay any tax because there is no trace of any transaction.But this way of selling should always be carried out in public place and never take with you more then you agree to sell. Another way is to buy something with crypto and then sell that for fiat to your friends,relatives-you get cash they get what they want.Although there are not too many sellers who accept crypto,you can find interesting stores just using Google search. There is also ATMs option,but in this case you have to pay a fairly large fee on your transaction. |
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It is nice to have real time update,looks much better then before.As I say long term prediction have no too much sense since BTC is very unpredictable and it can go up or down anytime. I have a suggestion for new coin,it is called Nano (former RaiBlocks). Regarding financing of the project,you should consider to add some advertisement on your site to cover the costs of hosting and to get something for further development.I think that none of the users will not complain if the ads are unobtrusive and that there is not too much of them. Thanks! We have added some ads. Now we plan to add intraday predictions, which we calculate by the minute data, not hourly, and, if our computing power will allow, recalculate intraday forecasts every 5-10 minutes with a realtime update. I hope that some extra income from advertising will help you in your work  Regarding your forecast for March 5 two weeks ago , it was 11433$ and now price is around 11400$ so it is very accurately-let's see how the price will move in the next two days.Also first day I visit your site price of BTC was around 11700$ with 24 hour prediction to 11 000$,that was also correctly predicted. You only have some luck or it is something more/prediction 500$+ for next 24 hours |
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Many countries have already started taking taxes on bitcoin related activity including personal trading activity and crypto related businesses. But that is not same in every country and as a crypto enthusiast I am searching for clear definition of crypto taxation and how to pay less tax from our trading gains.
We can list crypto related tax info for individual country here so that we can gather overall tax rule for crypto.....
Just paste links which might be useful to understand crypto taxation below....
There is some countries which defined tax on cryptocurrency and one of the most frequently mentioned is Germany.If you buy and hold BTC more then a year there is no any tax to be paid if you sell your coins-also there is a rule if your capital gains are less then 600 EUR there will not be tax ,but I do not know is this also in one year period or something else. Second country is Denmark,no tax on any trading or capital gains at all if the data is correct(it would be nice to get more info form someone from Denmark),so this country is dream of every crypto trader/holder One more interesting country is Belarus,there is no tax on anything regarding cryptocurrency in next 5 years,it seems like a very good opportunity for miners and traders. Perhaps one country is interesting to mention regarding tax,it is Slovenia and there is no tax on capital gains,but citizens must pay tax if they have working for BTC or have some business associated with cryptocurrency. |
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the growth of nano prices is actually not only through trading but because there are already merchants who accept payments using $Nano you can see here the list of merchants who receive Nano as their payment https://www.spendraiblocks.com/and Nano can already be used to "tipping" streamers on Twitch.tv via 1upcoin.com this is just the beginning Thanks for the list,I have to admit I did not know there were so many sellers who accept Nano as a means of payment.It would be nice to site owner change logo of RaiBlocks with Nano if he is still active-I will send him e-mail regarding that. I agree that if some coin wants to succeed must have some application in daily life except pump&dump,and Nano is on good way to be more than that. Read on Twitter that Charlie Lee said that $NANO might be added to Coinbase in 2 years time.  Kind of bummed me out, so many rumors out there about it being added. It needs more development and credibility I guess.... It was only a rumor started by one of the investor of Coinbase,but he did not say anything about adding Nano to Coinbase.Even if that happens I do not think that Nano will exploded in price-just look BCH and his entry to Coinbase,big pump and nothing more.Although I do not want to compare BCH and Nano,there is a huge difference between these two coins. Good news guy, ppl that wished easy capital gain are now dumping. Prepare to moon.
I think that some people sold % of their altcoins and buy BTC now since price is going up,but still Nano has a good price. |
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If OP say that he have some BTC in Electrum in the time of the fork then step 1 is not required.What's more important before any attempt of claim BCH is to move BTC from Electrum wallet to a new wallet/address and then use that seed in ElectronCash wallet. I know you posted link to ElectronCash,but would not be the first time that user still download fake BCH wallet and loss BTC&BCH in this process.When it comes to cryptocurrency every mistake is costly paid. |
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I think the idea is not bad,at least because users could download files at their full internet speed which sometimes it is not the case when you use torrent and depend of number of seeders and their upload speed.I can say that for me it is not problem to download some file from torrent since I am protected by antivirus which scan files and also I check comments of users who download that file before.
As some commented it is much better to download with torrent,you can start and stop downloading at any time,if user have good protection on PC and he is careful what he download the risk is reduced to the smallest extent possible.
I have never had a problem myself with virus&malware that came with the torrent file.
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If I remember correctly, bitcoin has been created in 2009 and not in 2007.
It is alleged that Infraud was created during 2001 by Mr. Medvedev. FBI Claims Cyber Crime Syndicate Founder Medvedev Was Worth $800,000,000 in Bitcoins https://news.bitcoin.comBitcoin was there in 2001 ?? You should really take some action regarding some of the basics things when reading,you need to read whole article with understanding and not just a part.Where in article you see that BTC is existed in 2001?Infraud is maybe created that year,but it is exposed and destroyed just recently and one of the co-founder was in possession of BTC but in year 2017/2018.So there is no BTC in 2001,only in your imagination. |
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Guys I have 80K to Invest in BTC, my Goal is 200K$ by End of 2018, My only question is When is the best time, I want to buy BTC for 6K price what do u think?
We are in FEB and BTC price is more than 11K $ , I can imagine How Much BTC will go UP by end of 2018, But im looking 4 a crash to join in the game , Idk maybe March or MAY?
You have chance to buy BTC even for a lower price then 6000$,why you did not buy then,you wait to price go lower maybe?Now you ask when price will go to 6000$ again so you can buy 13+ BTC and make 13x200 000$ profit of only 2 600 000$ in 10 months? I have to disappoint you in your thoughts,maybe you will never see 6000$ this year again and 200 000 $ by the end of this year is more than the most optimistic predictions for this year.However you can dream about that,or you can buy 7+/- BTC now and wait for magic happens.If price go to 200 000$ you will earn "only" 1 400 000 $ minus investment 80 000 $,a fortune for most people in the world. |
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I do not see what the difference is in asking victim that pay ransome in BTC,BCH or any other coin,ransom is still ransom and victim is still victim.So far only BTC was mentioned in combination with ransomware,and maybe it is not bad that shadow also falls to competition.
What is important here is that even if victim pay,files remain locked-so in most cases it is not advisable to pay ransome but try to get help from professionals.Very often after some time decrypt keys become publicly available so data can be saved,but backup is something which is necessary for data retention in case of ransomware infection.
At the end every user should think before click on anything,infection can not enter in your system if you do not let that happens.
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http://www.coindaily.co/2018/03/01/switzerland-wants-to-be-the-crypto-nation/Switzerland's tiny neighbour, Liechtenstein, is taking a leadership position with much bolder policies and a faster, more focused government that truly understands and embraces blockchain technology. For that reason, it truly deserves the title of "cryptocountry". I think Switzerland will catch up eventually. BTC will go to moon. How do you think? If I understood correctly, Switzerland wants to create its own cryptocurrency controlled by the bank. They will adopt blockchian to their needs and create e-franc as an electronic payment system to replace cash. Switzerland is known for some time as a very friendly country when it comes to cryptocurrency,you can even pay your tax in BTC in town of Zug if I remember well and also buy BTC on machines for the purchase of railway tickets.But in this article there is no too much or at all mentioning of BTC,but the main theme is how will bank prevent some digital currencies to take place they have now. The risk for central banks if they do not launch digital versions of their currencies is that they hand control of payment systems to a “wild west” private sector. So that "wild west" is maybe BTC,and since they (banks) can not control BTC only way to stay in game is to create their own digital currency.But I think that BTC still has its future,it is first decentralized currency for people and because of that there is a huge interest in it. |
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Now you can pay your SteadyTurtle's invoices in Bitcoin cash, Litecoin and Ethereum.
Open Support ticket from your account in case of any question.
It's good that there are more coins available for payment of your services beside BTC,good move I use SteadyTurtle more then 2 years and I am completely satisfied with the service and with the price.I can certainly recommend it for any user who wants to pay for hosting or domain with cryptocurrency.Keep up the good work  |
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