In the next few days, president Donald Trump will sign the new tax legislation which scaled through at both houses of congress this week. Analysts have said that digital currency owners are obliged by the new U.S. Tax regime to pay taxes when they exchange it for dollars or buy tangible items or goods. What do you think this now portend for the crypto world now that Mr Trump want a share of the loot?   In theory you were already obligated to do that, but now it is going to be signed into law, to be honest it does not change anything those that want to comply are going to do it law or no law, and those that do not want to comply are not going to do it no matter the amount of laws that are passed, it is in moments like these that I love living in a country that is not that powerful. |
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I think that it is a hard time for holders because of the sudden rise, and not because of the price fix,and let me explain why:
It is really hard to stay an holder when the coin goes up like that because you will have to watch your profits grow from the side and not to sell.
It is much easier to hold at a loss as you will wait for you to be at the green side which usually happens .
I completely disagree, I do not know why you think that is easier to hold when you have losses, that is one of the hardest things to do and almost no one does it, after a few weeks and months people begin to lose hope and sell their investments thinking there is never going to be a recovery, holding when you are in profits is very easy, the price could go down 50% and I do not care since I will still have huge profits. |
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My first crypto was dash. I never forget when the price started soaring immediately I sold my coins. Man, I felt like crying. I've since made up my mind to leave at least a $10 value coin for every coin I'm selling for long term.
Choosing good project is not easy. One has to take pains to study and look up reviews about it.
I know what you mean, while not true, it seems as if the coin was just waiting for you to get out to skyrocket, that happened to me once and that is a lesson I have never forgotten, that is why I'm more a holder than anything, I plan to hold to my coins until my coins skyrocket that also means that I mostly invest in coins in which I believe have a strong future ahead of them. |
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Bitcoin's price is still up ~50% from the 20th of November and yet everyone is panicking, why? Here's the chart:  This clearly shows that Bitcoin was about $8.2K 30 days ago. Current price is still 13K. From now on even if the price drops to a whopping 10% of the current price, a 90% drop that is, it would still be higher than the price at the beginning of the year. I think the panic comes from the fact that the volatility has been extreme in this month, we have seen this behavior from bitcoin before, but now the stakes are higher since the price is way higher as well, so before when we saw volatility like this people lost just a few hundreds of dollars, now with the same volatility investors are losing thousands of dollar per bitcoin, and the more bitcoin you have the more exposed you are to these movements. |
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Bitcoin might be the prequel of what was actually planned.
Maybe they created bitcoin just to see how we are going to react to the new currency or cashless society? I also think It is not a coincidence that bitcoin was founded in 2009, just after the RE bubble. The founder also is being anonymous aaaand,
I think CIA created bitcoin and they left the project when it was in its early stages so they can observe our future behaviors better.
In my opinion is highly unlikely that bitcoin was created as an experiment to see how people will react to a one world currency, remember bankers want to have monopoly of the money supply, and they want to be able to print as much as they want that way they can buy anything they want by just printing more money and this is impossible with a currency like bitcoin. |
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Looks like the "traditional" world of finance and business writing are trying to up their game, using crypto speak. I suppose it's a good article, probably new to a lot of their readers. But I'd be very, very surprised if the same strategies they talk about aren't used in conventional trading instruments. After all, the same FUD and FOMO derived from stock brokers making panicked calls to each other, buying and selling (pumping and dumping). Anyway, interesting read, but the groups they talk about are barely scratching the surface, and seem to organise pumps/dumps on small coins (I struggle to avoid "shitcoin"). They also need to know a lot of P/D groups actually fail, since they're mostly amateurs. This forum actually has quite a good history of old threads with very well written p/d stories. And here's a less crisp article but on a deeper level from Hacker Noon for you conspiracy theorists! https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4Pump&dump doesn't really happen anymore in traditional markets. The regulators use a lot of automated tools to raise a red flag and alert a person to have a second look. On the other hand the problems on the "traditional" markets are different: - front running a client order in fx market(it was something ordinary until a few were put into prison). - high frequency traders sending lots of new/canceled orders to affect the ask-bid microstructure. - manipulating the LIBOR used as a benchmark/free risk rate for modelling/pricing of financial instruments in the $trillion derivatives market. - opacity of dark pools. And how you can be so sure that no longer happens, it may be illegal now to use pump and dump tactics on traditional markets but that does not mean it is not happening, if we take into account all the money that is at stake and human greed then it is very obvious to me that is still happening, just look at the ponzi scheme by Madoff he scammed a lot of money with a very old tactic. |
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I have a hard time liking the current crypto market. It has been flooded with useless next gen, solid team, new tech, great marketing, new fork (non)blockchains coins/tokens. Every well placed buzzword seems to generate millions no sometimes billions.
When You actually look at it is beyond crap or totally does not match its real world value. All "investement" cryptojunkies and 1 day holders seem to want to score the next thing to get them high. It seems to score pretty high on the same fakeness value as Fakebook and googlemyass. WhoTF does actually need that crap.
I miss the dogecoin days where everyone knew it was just a parody.
I do hope a meteor will hit the crypto world and kill 99,9% of all the crypto. Because right now everything seems to be "awesome" and when that is the case It is not.
You will get your wish granted eventually, look at the dot com bubble, there were many companies that were started just to grab money but they did not produced anything of value and now the same happened with crypto, some giants came out of the dot com bubble and the same is going to happen here but most coins are going to eventually disappear, just give it time. |
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We cannot pay our members payouts via Bitcoin anymore, this is completely impossible.
We sent payments ranging $1 - $10 with fees of $2 - $6 already 5 days ago and these payments are unconfirmed.
We are going to change our approach and be among the first businesses that pay in Bitcoin Cash and stop paying in Bitcoin.
It's just impossible to work with Bitcoin anymore.
Are you guys wondering why people move to Bitcoin Cash? It's not only because of speculation, it's because Bitcoin in its current form is a dead zombie walking in Crypto land.
Small payments have not been an option in bitcoin for quite some time so it is nothing new, the fees have been prohibitive for some time, however that problem is lessened if you use segwit since the fee is going to cut down, however we still need to wait and see if the lightning network is going to work as intended and if that is the case then bitcoin could become an option once again to make small payments. |
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A true friend wouldn't owe something for 1 year
Demand it or unfriend him
Unfriending someone because of money is not good, but if the person hasn't made any intention of repaying the money, the best thing to do is to wait I am sure he is going to be in need at a point in time and when he comes back again just tell him to go to hell. Sometimes you have no other option, 0.1BTC is a lot of money in the third world and while that may not be a lot of money if you live in the first word as bitcoin gets more expensive that 0.1BTC gets even more valuable, so if your friend does not pay you then you will need to cut that friendship since that is a person that is not worth of your trust. |
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Bitcoin breaking it’s high-price again and again, multiple purposes rather than payment system and future investment.
All this make bitcoin a perfect gift for your love, wife, and family.
1. your gift for Christmas will be a bitcoin?.
2. your ways to gift bitcoins "Hardware wallet, bitcoin gifts, paper wallet, Physical Coins, Donate"?.
We must remember that when giving gifts we need to consider what the other person wants, if the person you are going to give a gift is a person that loves bitcoin and connects to the forum everyday then giving him some bitcoin is a great gift, but if the person you are going to give a gift is not interested in bitcoin then bitcoin is not a good gift even if it is a great investment. |
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While I don't have many posts. I got involved in Bitcoin in 2013 and joined this forum in 2014. While I do not consider myself wealthy from Bitcoin yet. I do have an idea of how I would like to direct some of this new found wealth. I think most of the people who got involved early got involved for the right reasons. IE: To change the world and move humanity out of the control of the bankers. I am concerned that the new people coming may only be in to make money. I hope I am wrong, I really want this technology to be a force of good in the world and deliver economic freedom to the masses and the unbanked. My hope is everyone who was early, has some idea in mind that will help others. Maybe help your family, or a charity that you think isn't wasting money, or building a community swimming pool etc. If you have a lot of money think big and how you can change the world for the better. This is our chance!
Nice thoughts but it is not going to happen, bitcoin is just a technology, technology is not good or bad and bitcoin as a tool was designed to allow us to get rid of banks not as a tool designed to help others or to do charity, while I admire anyone that is in the possibility to do that and follows through we must not expect that to be the case for the majority of bitcoin users. |
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Why there are significant differences in current BTC value between different exchanges.
It comes down to the natural price differences due to arbitrage being a challenge for the Bitcoin network, due to confirmation times and everything. It also comes down to choices on the exchanges too, since exchanges are almost closed systems and don't experience any significant influence from the outside as they are quite limited in their incoming Bitcoin (most of the time) and a lot of Bitcoin is exchanged within whatever exchange it goes to; it doesn't move around a lot. There are also some issues with having money in other currencies or countries that you would not necessarily be able to access all the time. Arbitrage is really expensive, you need capital in fiat money and bitcoins to make simultaneous transactions between different exchanges. And each excahnge is independent from each other and they're free. So it's normal to see price differences between them. Not only that you need to have a bunch of accounts in many exchanges and countries and you also need to have a substantial amount of money so you are able to benefit from those differences in those prices, and you also need to have some way to do this automatically since doing this by hand is going to be impossible so as we can arbitrage is something that is going to take a significant amount of effort to do it right. |
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The price doesn't matter when the supply is too big and the coin doesn't generate enough demand to absorb all of it. It's basic economics.
If you look for coins with 10x to 100x return potential, you should look at low marketcap coins, in general at around 30 to 300 million USD.
Correct I do not know why people concentrate that much in the price when that is not the most important aspect, we need to look at the market cap, also not every coin that is cheap is going to be valuable in the future, we know that most coins are not going to be successful in the long term so we need to be very careful and to make sure to choose the right coin or face the consequences. |
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I'm a bitcoin HODLer. If I invest in something else, I've invested with my bitcoin, expecting (or hoping) that I'll end up with more bitcoin in the end, or at least that my investment is rising faster than Bitcoin. Seeing the overall fiat value is helpful for my whole portfolio, but I don't know what each coin is worth in fiat. People think litecoin and ethereum are doing great because they hit all time highs in fiat. I think they're doing the same as usual because they're nowhere close to the bitcoin value ATH.
If you have fiat you're definitely losing buying power each and every year, so why not take a risk and put it into crypto?
This is the correct way to look at things, since we are investing with bitcoin then we need to care about the amount of bitcoin in our pockets, I made some investments and while the value in fiat is bigger than what I invested I have lost money in bitcoin and that is what I care about since I did not invested in order to get fiat, I invested in order to multiply the amount of bitcoin that I have. |
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I'm looking at Bitcoin charts for the past few days and it looks like a straight flat line. I'm not sure whether to feel happy or sad about this but could this possibly be related to the fact that we now have bitcoin futures? Does this mean bitcoin volatility will be less?
It's not over and it won't ever last. Bitcoin's feature is being volatile in the market, either in downwards or in upwards. This speciality won't end in bitcoin. It will maintain the same. The high volatility of bitcoin is not a feature of bitcoin is just a characteristic that is going to remain with bitcoin for quite a long time and the reason is simple, there is huge amount of money in the world and only a tiny part of that has entered in bitcoin, that makes bitcoin to be very susceptible to volatility also bitcoin is not a finished product it is constantly receiving updates and when you add politics to the mix then it is not difficult to understand why bitcoin price moves so much. |
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Hi I am looking to offer a service to help individuals invest into crypto. I am a Crypto Investor and have had great success with the investments. I have a diversified portfolio. I have done this for family and my friends so I wanted to know if anyone will be interested. For a small fee I will create a report for you which will outline the pros and cons of specific currencies and ICOs. It will include: - Recommended Percentage allocation.
- Brief History of the Currency.
- The Team behind it if available.
- Summary of the Technology.
- Comparison of the Technology to the competitors.
- Historical Performance Data.
- The Exchanges the currency is available on.
- My Personal Opinion on my I would invest in it.
The fee will depend on how many CryptoCurrencies you want to be included. And this will be emailed as a PDF to you. In order that you feel safe, 25 % will paid upfront, then 50% when 50% of the report is emailed to you and the remaining amount when the report is complete. I will accept Bitcoin and Ether. Please message here if you are interested. Since you are offering a service this should be in the services section of the forum, and second this is not to offend you but you are just a newbie it is very unlikely you are going to get anyone interested when you do not even reveal how much your services cost, if you were to post some detailed analysis about an ico maybe you could get some people interested in your services. |
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Why you do not think a systemic collapse is on the cards? The economies of the world are even weaker than in that last crisis since the debt they are carrying is huge especially countries like Japan, no country is going to be able to endure the crisis without damage and if one of the powerful countries defaults on his debts the world economy is over.
why would you think "the world economy is over" though? people said the same thing after the 1997 asian financial crisis, which similarly prompted fears of worldwide economic meltdown due to globalization/economic contagion. after that, 2007/2008 was supposed to be the great economic collapse that gold bugs have predicted for decades. but it wasn't. in both cases, the crises were driven by unsustainable debt. in both cases, the contagion was contained and confidence eventually returned to the markets. i don't think the world economy as such is sustainable. but i learned many years ago to stop predicting collapse all the time. it's a waste of time and energy and you're usually wrong. just hedge your assets and keep stacking bitcoins. it'll pay off eventually. Becuase in the past crisis all the world was worried about Greece and Iceland and with all due respect those countries are very small when it comes to their size of their economies if a country like Japan is unable to repay its debt, something that is almost a certainty, then the coming crisis will make the previous crisis looks like the good old times, the current economic system will not be able to manage Japan or a similar big country defaulting on its debts. |
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I think it's better to stay out of government related crypto, the idea of crypto is to be free from these institutions, not the other way around. If you want to invest in a japanese coin, try MonaCoin instead, pretty solid
Yeah, some people just see cryptocurrency and are ready to buy, it is similar to the dot com bubble where people only needed to throw some buzz words and everyone was ready to invest million of dollars, also one of the worst countries when it comes to managing its currency is Japan, that is why it is one of the most indebted countries in the entire world and that is not going to change anytime soon. |
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Ok so I have to buy BTC and trade it for XRP in order to obtain some Ripple. Knowing how the forex market works, im wondering if I bought my BTC at 16k instead of 18k, would I be able to afford more XRP compared to buying BTC at 18k? or is it the exchange rate constant?
Thanks for the replies !!
I would suggest that you create a spreadsheet to make the calculations for you since it can get complicated very quickly, now answering your question if the price in bitcoin for each XRP did not move but the price of bitcoin in dollars went down then yes you will get more XRP but the most likely scenario is that if the price in dollars went down the price of XRP in bitcoin will go up as a result and it will balance out in the end. |
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The biggest difference is that bitcoin does in fact have an utility while Tulips do not, bitcoin can be used as a currency, yes I know that bitcoin is not the best currency when it comes to the fees but you can use it that way and second it allows you something that did not existed before, you can use a medium of exchange not controlled by governments and that is very valuable in itself.
The purpose of bitcoin is this, but its not fulfilling it at the moment. We are not even using it when we want to send money to someone as a loan or gift. The fees are too high, even for those transactions. But the potential is there and that is the key that is something tulips will never be able to do as far as I know tulips were never used as a currency just as an asset to speculate and bitcoin was used as a currency before it reached these high prices and if the solution of the devs works out then there is a big chance we are going to be ale to use bitcoin as a currency once again. |
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