I treat BTC like I treat cash. I don't check my cash for traces of drugs, blood or semen so why should I care where my Bitcoins come from?

I think that mixers should offer their services to everyone just like doctors cure everyone. They don't discriminate between good and bad people they just do their job.

10 years is nothing in the life of a currency. What's 10 years when you look back at what stock market giants have achieved. In its first 10 years Apple barely made 4x gains.


Moving coins doesn't mean selling them! I've moved my coins many without selling or giving them away for example when I bought a hardware walet.

His war was nothing but a PR stunt and a way to influence the price.

He saw that the market reacted to his early negative opinions with some strong bearish moves so he keept on tweeting and told his people to try to use those influencial tweets to make money.

He even admitted later that his daughter is trading bitcoin.

Who can blame him though, bitcoin is a beast. A honeybadger of the markets.

But if you buy BTC and send it to somone that's taxable and that's your problem? A rather dumb and rare law if you ask me.

In most countries only your income is taxable not the action to buy or sell Bitcoin, because what if you sell at a loss? What if you just buy and sell at the same price because you made up your mind and decided not to get involved?

Mentioning your strange local laws when talking about usefulness of Bitcoin around the world is out of place. In the same way a Chinese citizen could say that Bitcoin is useless because he can't trade or take it to a store. The rest of the world will respond just like you did: not my problem.

Never do this!

Don't spread your investment over the top coins by market cap. This is financial suicide and only people who have no idea what they're doing will recommend it.

Most coins are overvalued and top 20 market cap coins are no exception. I'm not even going to start about top 50.

First of all get some BTC and I'd recommend 50%. Then choose one or 2 altcoins you believe in after reading everything about them. Say you like ETH, or you like Cardano, I'm not going to shill for any of them but at least people stand behind those coins. Stay away from worthless crap like BSV.

Most of the world don't have something like that. Income tax as its name suggests is applied only when you have income.

You are sending Bitcoin to someone else like as a gift  or a payment so you exchange your fiat money for Bitcoin and then send it away. How are you profiting from such transaction?
I'd understand if the person receiving your coins were to pay, but that's completely normal. If you sent them fiat money they'd have to pay income tax as well.

Bot how many projects will choose this? I bet that it's going to be only a few and most of them will want to save some money and either go the legit way but without escrow and with a cheap new manager or will scam you.

They know they can do it because there's so many people who want to make money on this forum that they will never run out of workforce.

That's true especially if you're only holding safe assets like big companies and gold. In that case it's very smart to have kind of volatile hedge against that investment that might explode into 10x gains over the next few years.

If your whole portfolio consists of volatile all or nothing investments like startups you might not see your chance in Bitcoin. But maybe your gambling side will want to give it a go

I like ETH but let's face it, you have a hundred or more coins built on ETH chain and none of them do anything good or is used for anything other than speculative trading.

You mentioned all those tokens. Go out and walk around town asking if someone knows any of them. Then ask these people if they know what Bitcoin is

The numbers don't mean anything if you're comparing a million grains of sand with just one grain of pure gold. Nobody cares about sand.

They can't take it from you but they can make you give it anyway. That's their power.

If a company wants to operate legally it has to report all their purchases for tax purposes. The Bitcoin purchase will be there - on paper. If they go bankrupt or became liable for something the authorities can demand they pay a fine or compensate other parties and then they'll have to sell their coins to cover that or have their homes put on auction.

You can have private coins stashed somewhere. They won't be able to get them but they'll take everything else from you and then you'll have to sell your bitcoins to buy food and pay your bills.

I'd be suspicious of a newbie or a jr member starting a project because it's so easy to get to a member status on this forum that you really have to be lazy or completely new to the scene not to be a member.

That said, what would you rather see: a real fresh member who spent a few weeks on the forum or a bought legendary account?

There are people who believe Trump would be better for BTC than Biden.

You're right though. Nothing is impossible. Next month we could have another worldwide lockdown and hear that on top of it all there's an ebola outbreak in the US I wonder what would happen to stocks at that point.


Such a breaktrough and instead of applying for the Nobel Prize or at least trying to get a patent he wants to sell it. Not for Bitcoin mind you, he will only accept PayPal. Bitcoin sucks!

OP is talking like the only purpose of Bitcoin is to be a currency.


I don't know why you insist on using expensive exchanges when there  are much cheaper options around.

Even though I'm not using Coinbase anymore their fee for EU citizens is 1.49% and fiat bank transfers are free of charge.

If you compare yearly lows in the last 10 years you'll see that Bitcoin is moving forward. If I remember correctly there's only 1 instance where the low price was really lower in the following year. That says a lot, doesn't it?

With that in mind I have to agree with the statement that the price of Bitcoin can't be used to indicate growth but maybe some other things can:

The number of addresses with positive balance is growing.
Total number of coins is growing.
Hash power is growing.
Number of exchanges around the world is growing.
Number of ATMs is growing.
Number of institutional investors is growing.

Do you really need more?

OP is assuming that it's Bitcoin that has to change and become less complicated but maybe it's we that should adjust to it.

Bitcoin isn't too hard to comprehend if people in Africa with only middle school education can use it efficiently. There's a lot of third worlders who know how to send and receive coins. If it's hard for you maybe the problem lies in you.

Corporations are treating Bitcoin like a hedge and also some interesting free, but risky, advertising.

When a company buys Bitcoin it lands in the news, the CEO gets invited to TV shows. It's all about publicity.
If you show yourself as a Bitcoin investor you look smart like you know something others don't and as a bold person ready to buy something unknown and volatile.

They aren't going to waste money trying to destroy it because they are not competing with Bitcoin and laundering money through a public blockchain isn't smart.

Also why risk charges for laundering 50 million dollars when you have 500 million in assets?

I think that the period before the election is the time of uncertainty and that's why there's always a chance stocks will go down and cryptocurrencies along with them.

No matter who wins everything will start coming back to normal after the election.

That said I think that Trump comes with less of the unknown and if he won we'd expect a faster recovery and more stability in the dollar and stocks. Biden is more of a wild card and with him the recovery may take longer. Investors will want to wait and see what he does first.

There's no such rule. We cannot be sure that the transaction cost will go up with the value. You can see that in Jul 2017 the fees skyrocketed to very high levels but the price was just 3000 dollars atthat time and the number of users was much lower. So we had lower price, lower number of users, but higher fees!

Transaction cost usually goes up when the number of transactions goes up and it's true that the more Bitcoin is worth the more people are willing to pay to get a fast transaction but we don't know if the network doesn't get faster with the introduction of secondary layers like the LN.

I think it will be mostly point 1 with a slight difference.

The price will keep increasing while the cost of mining per hash will keep going down. In other words, you will still have to pay more as time goes by but you will be gettimg much more cost efficient units, possibly powered with green energy as solar panels get cheaper.

10 years from now you'll be able to achieve the same mining power for a fraction of the price and 1 BTC will be worth a  few times more. Everything will stay in balance.

Now, I cannot agree with this.

First of all, if you count the rise from 200 to 20 thousand USD and back to 3 thousand it took a cycle of 4 years to happen, while BCH needed only 1 year (december 2017- december 2018) to drop from 3100 to 80 USD.
It never experienced a large pump just started high due to high expectations and a lot of advertising and kept going down ever since. It shows you how weak and worthless the coin is.

In another thread there's a compilation of losses each top 20 coin has experienced since ATH till now. BTC is one of the top losers with 95% lost value which is worse than XRP with its 93%.