The governments is now happy because our leaders has learned to controls cryptocoins market by creating panic through using regulations to attacked bitcoin and blockchain technology.
I think the only way we can proof to governments that bitcoin is decentralized and governments cannot control it like our current financial system is to buy and hold our coins. When you sell outside your immediate need you are are helping governments to fight bitcoin!
Yeah, they are trying to make us believe they can regulate/control/tax Bitcoin, but they cannot  They fear Bitcoin because it's anonymous and they cannot control it , and their only strategy is to make you believe they can. Losers HOLD Bitcoin until it gets to $50k at least, because it will in a matter of years. It's the future |
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I know your not openly suggesting tax evasion are you now? If you are saying they are taxing us unfairly well welcome to the real world where shit isn't fair. We all are aware of that, but how would anybody prevent getting taxed? They will throw your ass in jail right away  . Crypto & anonimity have been made for the exact purpose to prevent the tyrant (gov) to put their hands on your hard-earned money. So if you want to escape poverty, you have to be anonymous. And being anonymous means nobody will know your balance , so the problem you talk about does not exist. You have no taxes to pay for earnings you don't get, as far as they know. |
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The govs don't want common people to make money or escape from their poverty, so they are trying to hinder the crypto ecosystem in general.
For example we hear about crypto exchanges to be banned in some countries, or be heavily taxed so that the govs take significant earnings without doing nothing.
"Regulation" after all is just an extorsion: if you , Bitstamp (for example) , don't give me a good part of your earnings, you can't operate.
And the gov is not going to give any service in return, they just take their slice of the pie for nothing.
And at the end of the day it is not Bitstamp the one who is losing money due to "regulation".
We are.
Because Bitstamp and all regulated exchanges will be raising their fees due to the taxes and we are the ones who must pay the gov to keep the exchange alive.
What can we do to avoid this issue?
The solution that is gaining popularity are decentralized exchanges like Waves or Streamity ,
which are good for crypto-only trading.
But what about FIAT deposits?
How do "decentralized FIAT deposits" work , if they exist?
i can think of 2 solutions to this problem:
- Use FIAT to buy GPUs, mine coins with them, then use the mined coins to trade on DEX (decentralized exchange) platforms
- Buy crypto with FIAT directly from other people, that you can meet in forums or online announcements, Localbitcoins.com and similar sites
Well i know it's more "comfortable" to just do a bank transfer to an exchange's account , but this will have a cost for you: the gov will know what you are doing with that money, how many coins you bought , etc., so they may tax you because they think you are making profit.
While if you buy GPUs they cannot assume you are mining. You say you are just playing video games.
So your earnings are anonymous.
They don't even know you bought GPUs if you buy them at local shops with cash.
Being anonymous is worth the struggle even if it takes a bit of "discomfort" , as you are going to avoid a lot of nuasances.
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Bill Gates is FUDing bitcoin, just like he did with Google : he refused to buy the Google project because he thought it had no future. And do you remember his skeptiscism about the Internet? https://www.youtube.com/watch?v=lskpNmUl8yQThis means the huge BTC raise is incoming in the years to come : ) Buy a few before it gets too pricey eheh |
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I agree bitcoin has nothing to do with the tulip bubble, and the former has fundamentals whereas the latter was an “asset” without fundamentals. Anyway, people should learn not to buy high and sell low, that’s the opposite of what people who make money do. For people to become holders they should learn a lot about the asset they are buying and then to buy them because they believe in its fundamentals.
But there is always a risk that the asset you have bought goes to zero, so in a few cases it is justified to sell.
I don't see a justification at all , as in any case you have only invested the money you afford to lose ( i hope... ) The risk you talk about is low, so it's stupid to sell because you are just recovering money you could afford to lose after all. You still can live without that money, so recovering it is not useful. But at the same time you are missing the probable big pumps of the years to come, the earning potential is 300x or way more for some altcoins, and you are missing it if you sell. |
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Why do people do this? Can bitcoin hit 15,000$? Maybe. But will it really hit by the end of the month? Not really. If there are great things happening in the markets, then we can expect a nice rise. Otherwise just the normal stuff won't change much.
the bitcointalk forum already has so many predictions that you do not know who to believe to whom not. And in general do people know What they say. To date It's okay, Bitcoin is almost like an air bubble and you need to beware of any possible consequences of the drop in the price of Bitcoin. No it's not an air bubble and it's not like the Tulip mania. Because BTC has both scarcity and an actual use for society. Tulips had none of the two. They are two very different assets not to be confused. Tulips can be cultivated anywhere (no scarcity) and have no actual use. So it was an obvious scam when it got pumpled. Crypto is scarce: has the supply limit, and it's very hard to clone a currency and make it popular like the VIP currencies. So if you even clone the BTC and you make your crypto, it's like it doesn't exist because nobody will trust it. Only major cryptos count, so there's actual scarcity. Crypto is useful: BTC was made to escape from poverty , slavery, unemployment imposed by our govs. So it has a big use and very high probability to gain value. |
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Bitcoin is slowly in the recovery state...
I think it will hit the 15000$ mark by the end of this month..
Is that so?
By the end of the year: yes, pretty sure. So if you hold until the next Christmas pump, you get profit. But in a month, you cannot expect such a big performance. Remember that after last Christmas BTC dumped from $19k to less than $9k and still hasn't recovered yet. The first big pump in history was when it first reached $1k, then dumped and it took almost a year to recover! The right strategy for crypto is to HODL for 12+ months, not expecting a performance in 1 month |
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I think that first mistake that people make when invest in Bitcoin is that they expect only profit and they are very disappointed when the situation turns out different.
There is no investment that only brings profit. So from the start you have to have the strategy what to do when price starts falling and how will you deal with losses.
You have to know clearly what will you do on long term and short term strategy.
Always diversify your investment, don't expect miracles to happen and count with losses.
They think that if you invested in bitcoin you will earn a profit easily after you invested, Investing in bitcoin is not easy you need alot of skill and patience to become successful and you need to control your emotions on every situations like this. You need to study trading before entering this game but your hardwork is worth because you can earn alot of profits here when you're already professional trader, That's the reason why other saying that bitcoin are shit due to lack of patience and lack of knowledges about crypto. I don't get why you say we need to be professional. If you aim at scalping/daytrading then yes, that's for pros. But HODLERS can be even kids and they make profits in this era. Look at how much the BTC price grew up year after year. If a kid bought $500 worth of BTC one year ago without selling, he would be having fun now. It's that easy: buy and hold for 1-2 years. The cryptomania has just begun and has a long way to go. It's stupid to sell now, you need to learn to hodl at least 1 yearIt is indeed stupid to sell now, when bitcoin price has already went down around 50% from its all time high levels. But is it really wise to say that every time this happens, just hold and wait for 1-2 years and you'll be able to reach new highs? If it's really that simple then the entire bitcoin network would just be a goldmine. While there are distinctions between bitcoin and the tulip mania, the psychological side of things are the same when it comes to FOMO. How not to lose money during a dump? Either sell as soon as you see a trend reversal and take your existing profits, or if you are holding bitcoin for the long term, do exactly that. But holding for 1-2 years expecting a profit isn't going to always work as i said. It could take a decade to crypto to pick up its hype again and it's not always viable for people to do so, especially if they are buying BTC on credit(margin trading). Who cares if it may not work. In all cases you should spend only what you afford to lose, not your life savings!
Example. Your life savings are $5k
Buy just $1k or $2k worth of BTCSo even if BTC price in the 2020 will be still $10k or less, who cares, keep hodling. If you even lose that $1k you can keep living, and if you sell your Btc at that point, you earn nothing. So you better hodl and wait for the big pump to come "If it's really that simple then the entire bitcoin network would just be a goldmine"If we can educate more people to stop trying the scalping game and learn the hodler game, yes, it will become a goldmine : ) So let's spread the word and teach the Hodl trading style to the emotional sheep |
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I think that first mistake that people make when invest in Bitcoin is that they expect only profit and they are very disappointed when the situation turns out different.
There is no investment that only brings profit. So from the start you have to have the strategy what to do when price starts falling and how will you deal with losses.
You have to know clearly what will you do on long term and short term strategy.
Always diversify your investment, don't expect miracles to happen and count with losses.
They think that if you invested in bitcoin you will earn a profit easily after you invested, Investing in bitcoin is not easy you need alot of skill and patience to become successful and you need to control your emotions on every situations like this. You need to study trading before entering this game but your hardwork is worth because you can earn alot of profits here when you're already professional trader, That's the reason why other saying that bitcoin are shit due to lack of patience and lack of knowledges about crypto. I don't get why you say we need to be professional. If you aim at scalping/daytrading then yes, that's for pros. But HODLERS can be even kids and they make profits in this era. Look at how much the BTC price grew up year after year. If a kid bought $500 worth of BTC one year ago without selling, he would be having fun now. It's that easy: buy and hold for 1-2 years. The cryptomania has just begun and has a long way to go. It's stupid to sell now, you need to learn to hodl at least 1 year |
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why is it ok for a group of people calling themselves the government to force everyone to buy their services?
if enough armed people refused to pay and told the government to go fuck itself there is nothing they could do.
..or if everyone's money is anonymous, they would not know how much you have/earn so you don't need to pay taxes. Use a crypto wallet over TOR, or use Monero |
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I´m tired of hearing the argument "but Bitcoin wastes more energy than
a whole country..." all over the mainstream media.
Here are a few reasons why the energy that is consumed by Bitcoin mining is not wasted:
1. The energy that is consumed by Bitcoin mining is the foundation of the security of the network
2. Proof-of-work is superior to other consensus algorithms like Proof-of-Stake and offers less attack vectors
3. Fiat currencies are supposedly backed by the power of the state... meanwhile the US military consumes more energy than Bitcoin mining per year
(this is a comparison of the military of a single country compared to a truly global currency)
4. No one is talking about the enormous costs of transporting fiat money, securing it and printing it in the first place
5. The mining of other commodities is extremely energy-intensive as well
If you take all these factors into account, Bitcoin may actually be less energy-intensive than traditional
fiat currencies. Besides, many mining companies have set up their operations in countries with an abundance
of renewable energies like Canada or Iceland. The days where Bitcoin was solely mined in rural Mongolia and China
may finally be behind us.
Exactly, totally agree. Producing their fiat money costs more energy than BTC, so what are they are talking about?? Also, they are hindering [1] the invention of more efficient ways of generating energy. So if the world is wasting energy is their fault, not Bitcoin's. ---
[1] For example there is a law that says if you dare inventing a system with more than 20% efficiency, you cannot release it.
You must give them the specifics of your invention "for review" ( then they just shutdown your project instead of letting you make the world better)
--- |
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MrBigHang, I bought in about $8800. It is a bit worrying. I'm not sure if i should be putting in a sell just before it hits that or not. I wouldn't want caught in a trap and sell, then a second later it reverses.
Sounds like you are trying to day trade. Looking at the charts daily means that you are day trading and you will lose. Everyone pays tuition day trading and tuition these days are high. Day trading is an emotional game and it sounds like you don't have the stomach for it. Bitcoin doesn't go up in a straight line. If this is a true investment, you'd buy and forgot for a year. Bravo +1 Merit for this That's the winners strategy. Especially for intelligent investments like Bitcoin which are not a bubble like Tulips, it doesn't make sense to act like sheep just for the fluctuations. You should see how BTC performs yearly, never compare the today's price with one month ago |
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It is already a international currency as majority of people across the globe are using it, the only thing we need is that it should hit the mainstream to get more popular in future.
i think so. But some country not accept bitcoin, so what will we do to some country like that? Of course some do not accept it. I am surprised that some countries still exist that accept it. Bitcoin was made for us to escape from the work slavery and poverty that our criminal govs want for us. It's obvious that all the govs will be against it, because it is for our benefit and ruins their evil business. Now, how to use it from where it is banned? Just connect your wallet over TOR proxy. It's very simple with Bitcoin Core or Electrum for example. I will explain you how if you want p.s. with "accept it" i assume you meant "they don't ban it" . Maybe you meant "they make it a national currency". Wasn't clear |
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LOL look like Poland can into crypto!  I wonder how much they managed to buy cheaply because of this and if it was worth the money they shelled out on that guy. You can find this website https://uwazajnakryptowaluty.pl related to this hashtag. Central Bank of Poland has admitted that ‘it carried out a campaign on the issue of virtual currencies in social media’. Poland’s Central Bank and FCA portrays digital currencies as risky investment without having any guarantee which are not even classified as electronic money. Well at least they didn't try to deny it. They should be forced to disclose how much they spent on this campaign though, people have to know where their money is going. This is huge news, the implications are just too big. I can't believe this is the only thread I've seen on these news, this should be on a sticky thread to remember how governments are already trying to manipulate the opinion of people to stop the fiat leak. And then I have to hear how complete morons want to make the blocks huge when that would only make Bitcoin less censorship resistant. Bitcoin is under attack on the media and on the technical side with the forking scammers. Stay alert. May i have more tech info on this? Any source i can dig into? Thanks |
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vitalik is not typicall "west " crypto milionare or lambo lover. skin, dont eat much ..
Yeah he's a skilled & nerd programmer, but don't take financial advice from him |
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Vitalik is only trying to give safe advice because traditional investments are ...low-risk??.
It would be dangerous for him to reccomend everyone to invest in Ethereum and crypto which are very high risk.
As @Hydrogen mentioned, this is a very critical period for stock markets: https://www.express.co.uk/finance/city/914478/financial-crash-us-stock-market-trading-dow-jones-Nasdaq-global-moneyAlso real estate is a traditional investment, and it crashed. What about the "tulips mania" in Holland? That was a traditional investment. So please don't tell me traditional=low-risk @BTCMILLIONAIRE @buytheeffinD You seem to believe that corruption doesn't exist in this world. Want some examples? The ukrainian president Poroshenko, everybody knows he's a paid american puppet The Rockfellers tried to corrupt Chavez, he refused. And then he mysteriously died. What a coincidence. Banks are investing in fake online news/videos to trick the people ( e.g. they try to aggressively discredit Bitcoin ) So you see, even presidents get corrupted. And you are telling me that a regular guy like Vitalik cannot get corrupted if they offer him a few millions ? I started to think so, from the moment he pronounced those sentences which were similar to what other FUDers tell you all the time |
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OP, your analysis is clouded by emotion and your fondness for bitcoin. The fact is that while it's great that bitcoin is bankless and government-less, the world would be just fine without it, and it's sometimes worse than fiat.
Tulips did have a use as ornamentation and people fell in love with them back in the mania days. Gold is similar--people love it but it doesn't have many practical uses. Bitcoin isn't even tangible. So watch out. A lot of investors think like you do during bubbles, that [insert bubble asset here] is different, that it's not like all the other bubble assets. And invariably they turn out to be mistaken.
I don't know if crypto is truly in a bubble, but people sound a whole lot like suckers sometimes, and it makes my skin itch when I'm holding bitcoin.
Tulips They felt in love because they were ignorant in those days. Tulips can be cultivated almost anywhere so that price pump made no sense if they were not ignorant. Gold At least it is scarce as well, you cannot create/cultivate it. Bitcoin It is not tangible, right. But you omitted something: is USD tangible ? USD is even worse: its supply and public debt are determined by a few individuals, by just writing a number on a computer ! At least BTC supply is "democratic", it is done by an algorithm. |
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There's a big pump&dump every year, we have seen this story to repeat every year since BTC was born. When it pumps, it pumps more than it did the previous year. So when it dumps hard i just HODL and don't care. Even if it drops to $1k today. Now, is this a good strategy? Why many get scared and sell? Because of their typical fears:
Crypto can drop to 0 overnight , it is a temporary trend.
Crypto is like Tulip mania https://en.wikipedia.org/wiki/Tulip_mania
blah blahI think those phrases are a totally wrong analysis. You simply cannot mix different assets and think they have all the same potential. You cannot say Tulip Bulb = Gold = Bitcoin just because "an asset is an asset, they are all the same and can go to 0". They are different, some of them are likely to be worth nothing and drop to 0 with no recover, other will never do that. Every asset has different properties that determine their potential to grow or drop. Tulip bulb had no potentialNo intrinsic value: it's not scarce, it can be found in many places, PLUS does not have an actual use, totally useless. What are the reasons why the price pumped? Just marketing and no substance. Doomed to failure. Gold has potential it is scarce, PLUS this metal is used in tech industries due to its properties , so it has an actual use as well. Try asking yourself why every time there's a big international war/threat, everybody buys gold and it's price goes up. What about Bitcoin ?it is somewhat scarce due to the supply limit, PLUS it is a big technological and social/economical revolution. It is not made just for speculation, as its creator made it for one specific and useful purpose : free the people from poverty and gov tiranny. So it has a HUGE actual use as well - - - - - - - - - - - Conclusion - - - - - - - - - -The price dropped by -350% ?
HODL and go to sleep for one year - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
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There is a project that is trying to tackle this now but not sure how their progress has fared thus far. I was interested in them last year but then realized the scope of the project was so vast that I don't know if it could get completed. MaidSafeCoin was that project and I hope they do make the internet decentralized but the order seems so tall that again I am not sure if it is even possible.
What are the differences with Hostcoin ? Just curiousity |
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