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It seems to me that this is not a correction. The market cannot decide what it was. Such huge surges of bitcoin have not committed more than ever. Volatility in the range of $ 2000 in two days! You have to adapt. The higher bitcoin price the more will be the oscillations. I think that next year it will be common practice.
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There are no specific markers to predict the behavior of bitcoin. If such methods will be known that no one will buy bitcoins before the price hike. Think about it. You must rely solely on their personal intuition. Maybe you do not take the risk? On many exchanges, there is a possibility to open a demo account. Practice on it.
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That's i always thought that a possible crash is waiting to happen after its value went to 5 digits. Unfortunately, i was wrong since it continues to rise and reached 11 thousand USD in just a few hours. That's how bitcoin's volatility caused its price to rise go up high like crazy.
I think that now bitcoin will be cheaper to 8500-9000 dollars. In order to buy cheaper coins to the whales you need to drop. Standing jumps of bitcoin at around $ 10,000 suggests that the whales can't reduce the price. The credibility of bitcoin is very high. This means that the whales will be forced again to turn on the pump. |
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In order to buy a house you will need to exchange your bitcoins for Fiat. You can always pay taxes with this amount and I think that tax authorities will not claim you. How can they trace the path of your coins? You can buy bitcoins in 2010. If you have concerns you can always arrange a mortgage and repay the debt installments.
Yes, I would like to add that you can't buy a house directly with bitcoins for now and you will have to cash out your coins to buy it. When the bank/government/tax service will see a big sum of money on your account they may ask you to explain where this money come from and if they count it as profit you will need to pay personal tax as well. Guys try reading my thread before replying. I know that I can't buy a house with bitcoins and I would need to cash out. Im talking about the problem of how if you mixed that BTC, you will not be able to prove the origin of that BTC. If you buy 1 BTC, and 2 years from now it's $100,000, you will have the receipt of the exchange to prove that you bought it, so you just have to pay capital gains tax on that. If you mined 1 BTC, you can prove that it was mined by you for example signing the public key where it is proven that you had that private key that was freshly minted by you. Im not sure hot taxes go with mining but the point is you could prove it was legally acquired. If you make here in the forums 1 BTC across years of posting in sig campaigns, or early on when you could make 0.5 BTC per month easily, you could prove that you made them posting here by for example, signing the public key that you posted here to get paid in the campaigns. (again not sure how taxes would work in this case, but you could prove you got this BTC legally) The problem is, if you mix that 1 BTC in a mixer, you can no longer prove the origin because the mixer makes it a mess to prove in the blockchain, and I would be scared to sell that mixed 1 BTC... you know what I mean now? Who will take your evidence in the form of public keys? On this account, there are no normative documents. Any document of strict accountability has approved regulatory documents form. If there is any line then it can be declared illegal. It seems to me that your evidence doesn't matter for the IRS. You will have to pay tax on the income. Bitcoin will not be recognized by capital. Therefore there will be no growth. |
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I don't know why but I have never had attempts to hack my online wallet. Hackers often try to hack into accounts on the exchanges. Maybe it's easier I don't know but every attempt of hackers suppressed. While I haven't lost any coins. I'm afraid that the efforts of hackers will be focused on the hacking of smartphones. I don't trust them. It seems to me that their protection is less effective than the protection of your computer.
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A month ago, I didn't expect to see this year $ 11,000. Now my wallet shows 11310 dollars. Now I'm no longer surprised at anything. It can be. Bitcoin price is unpredictable. One thing is for sure. Next year it will continue its growth. Bitcoin is becoming a magnet for inflation dollars.
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In order to avoid paying tax, I use online exchangers. They can be used to send the Fiat on any account without registration. In this case you will not track and you can do any in-store purchase without using your Bank account. It seems to me that bitcoin was conceived in order not to interfere with the government and therefore I consider myself free from tax liabilities.
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I do not understand how they believe capital gains. As you consider how much money you spent to buy bitcoins? It is necessary to have a separate Bank account and to register a legal entity? Well in my country bitcoin not regulated and the deposits of small transactions are not monitored by the state.
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It's everywhere. Bitcoin is a widely used currency and can be easily transacted online. And one of it's special characteristics is being anonymous in any transaction. And with that, some peopel are taking thid advantage in a wrong way. They scam people buy selling stuff and asking for Bitcoin payments. The best way to avoid such scams like this is by reading the reviews of the site and the user selling a product. Just always be careful and mindful before transacting something.
Reviews always you can buy. It is not an indicator. It seems to me that to buy goods only on trusted sites. Unfortunately they very rarely accept payment in bitcoin. You will have to buy for Fiat. If you're not greedy then the network can always find proven and reliable services for the exchange of bitcoins. I don't see a problem. People are to blame that fall into the hands of fraudsters. |
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In order to buy a house you will need to exchange your bitcoins for Fiat. You can always pay taxes with this amount and I think that tax authorities will not claim you. How can they trace the path of your coins? You can buy bitcoins in 2010. If you have concerns you can always arrange a mortgage and repay the debt installments.
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No, of course not, a lot of people have been saying that the price will drop at least by more than one thousand dollars because people wanted to buy "christmas presents" and it makes no sense.
...
The idea is that a lot of people will end up selling their investments (in this case Bitcoin) to help pay for expenses around Christmas, and the selling of Bitcoin will make it’s price go down. I’m not say it will happen, I was just asking if it could (because the idea itself is perfectly plausible). But on the other hand at the end of the year a lot of people get awards, bonuses, etc for the year. Where is the guarantee that many of them do not invest the money in bitcoins? This is also a good money and they can affect the price of bitcoin. It seems to me that it is impossible to predict the behavior of bitcoin. In the same place there are always a few roads. |
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OP sold his bitcoins for $ 8200. He bought them for, like, $ 6,000. could be even cheaper. The fact that bitcoin now is $ 9900 this pattern. He earned anyway and he has nothing to complain about. It seems to me that the correction would be and so now it is beneficial to wait. I think OP is not able to feel the trend. Currency trading is not your calling.
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Children are not fighting against their parents. It seems to me that you made a mistake. It is not the children and traitors. BCH was the most cynical of all traitors. He knew the weak spot of bitcoin and stabbed in the back. So we have seen how bitcoin has experienced difficulties. I am glad it is over. With these children and do not need enemies.
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The price of bitcoin is of course outdated, but the number of bitcoins in circulation at the moment true. Maybe statistics with the accounts correct. a lot of people when they hear about bitcoin want to try your hand. They somehow think that bitcoin is easy to earn. But when they encounter problems, they leave and it is probably for this reason, a lot of abandoned accounts.
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Very short and not much information containing article, but for once a central bankster with an actual realistic and fair view. I personally have never seen Bitcoin as a currency, and will likely never do so, unless Bitcoin can offer the same level of convenience and usability as fiat does. For me it's a pure form of digital Gold allowing me store my wealth outside the reach of bank and governments, and to avoid all other side effects of this on debt based system. I am perfectly fine continuing using fiat alongside Bitcoin since this is what's giving me the best of both worlds.
This approach to bitcoin continuously pushing its price up. So does the majority of users. But it seems to me that this could ruin bitcoin. It should work like currency. When the money everyone has then they appear at all. You can't keep your coins. You should periodically sell coins. Believe me if we have an economy not controlled by government even with the low price of bitcoin, we will have more revenue than from its retention. |
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The entire financial system is not based on any rules and laws. It is controlled manually. Theoretically this is possible with bitcoin. But the main difference of bitcoin from Fiat is that it has no centralized control. Such manipulation is simply not possible. This index does not work in cryptoamnesia.
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You can't buy property with bitcoin. Such transactions require state certification. There is a certain order. In all States there are rules of the trade. Trade is made only in national currency. You can buy property for any currency but first you should exchange it at the national. I don't see any topics for discussion.
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PayPal is probably going to go VABank. They decided to open a second front against cash. They probably already realized that will not be able to compete with bitcoin. It seems to me that PayPal reverse the report of their activities have already begun. As soon as possible to buy goods with bitcoin PayPal will be history.
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According to Coinmarketcap BCH is up by 16% in last 24 hours with price something a little less then 1500$,but I see it was even higher few hours ago.I was thinking that after that pump price is going under 1000$ but Roger and his team do not surrender so easily.Luckily bitcoin is recovered and it is above 8000$ almost all time,and by this is proven that it can not be easily removed from the throne.
What you think about reason BCH price is pretty high these days,is ordinary people buy BCH or Roger is playing some background games?
I am sure that after many people lost their money after a rollback BCH buy it will be much less willing. Roger will try to destabilize the situation but he will not succeed. I will never abandon bitcoin for altcoins. All these coins can only serve bitcoin and they can not exist independently. So the price of bitcoin is always reflected in the price of altcoins. |
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If I tell you that bitcoin will be worth $ 1,000,000 would you believe me? How are you going to who to trust and who not? Dozens of such posts and they all say the same thing. How much will the bitcoin so be it. No one can predict his behavior and no one can change that. You can get more useful.
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