At this moment (2017) but for sure a new “bitcoin idiot” will replace him on (2018) next year. We all know that most CEO of our banking system are high on they’re pride and insecurity about bitcoin success is hunting them even while sleeping. Then they’re will be more Jamie Dimon “idiotlike” that may surface every year.
He will not be branded anymore as a bitcoin idiot if he will just start investing in bitcoin right now, who knows he already did it and contributed to the increasing demand of bitcoin in which as a result bitcoin value reach $5,000. This guy is nothing now we just move on and try to concentrate to the banks coming movements to bring down the bitcoin as they are already experiencing the big threat of the digital currencies. But if he buys bitcoin and negelcting his own comments, then i think he is an idiot still but at least he helped what he was trying to put down. Because it is not just Jamie that is making bad comments on btc. Their are several people also saying btc is just a bubble and after sometime it will just become scam. More people are even giving comments when china banned trading. I dont see much comments now that the price went up to 6k. |
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Hi,
The AltCoins are going back up have I missed out on getting them cheap?
Or are they still going to go down today?
I thought the BTG fork was on the 25th?
Cheers
the snapshot has happened and yes the altcoins have started to show gains while bitcoin is falling back slightly. it is really hard to know what is going to happen today but it looks to me like the pre bitcoin/gold event is starting to reverse and the trades into bitcoin before bitcoin gold are now leaving bitcoin and trading back into alts, but of course there is no need to panic. The efficiency of other around to be mined maybe is becoming easier that's why the are slightly increasing, because of the complication of bitcoin to be mined that requires advanced techs, some miners are finding other coins to be easier mined instead of just adjusting to btc only. Good strategy if you can't afford btc mining. |
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If they require you to pay for tax, then pay. You can't oppose them since it a law and you need to comply with their law. But for as long as they are not requiring you to pay, then you are not obliged to do so. Youre fine. Some countries requires declaration of assets. But only public servants are obliged to do this, not citizens. Unless you did something bad like involvement in a corruption. Anyway, government will soon impose taxes to every users who trades bitcoin. That's for sure. So enjoy Bitcoin while it's tax free. There's no law yet created for taxation of bitcoin. Also once you sold your Bitcoin to fiat. You already paid you tax which the exchange get for every bitcoin you sold. Now, exchange will use it to pay tax.
Depending on how the country you are trading on how they view bitcoin. Because their are countries that doesnt really accept bitcoin as any asset but still allows trading. Although i am not sure op is pertaining to vat on exchange sites but if it is transfering from wallet to wallet, i think it is just the fee that is to be paid, but if trying to convert to fiat, then it really has taxes especially if it is to be deemed as a form of income. |
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Maybe someone can explain how their website https://btcgpu.org currently inaccessible, 403, forbidden! Is there really abitcoingold currency, is there a blockchain for it that really exists? Some concrete evidence and explanations please. It was a trick, a clever plan to make you buying Bitcoin and pumping Bitcoin price, we were $6100 last night, we're $5700 today. if you want to start a new coin based on BTC with GPU mining, investing millions, why would you give 16.5M to people for free? keep your Bitcoins in your wallets, never enter private key to claim anything, if BTG is a legit fork, wallets will add an option for claiming it like Bitcoin cash and blockchain.info. Not a DDOS, people are trying to visit, we want our facking free coins, right now. simple lol. I guess i am thankful for this user who made effort to claim this sites as scam. Because their are really many sites promoting btcgold for free but it is not yet activated. People should avoid certain new sites when visiting and rather read at least some vouchers if it is legit or not. Because it is not really easy to be scammed when hoping for some money. |
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China no longer affects Bitcoin
China will no longer be able to negatively affect Bitcoin price, he has only 1% of the total volume of world trade. Although the future of the crypto market in China remains uncertain, the Chinese government can no longer manipulate the market and adversely affect the price of Bitcoin.
October 16, Professor and head of the Department of economy Panos Mourdoukoutas have suggested that the China market may reduce the price of Bitcoin below $5000.
The Chinese government has banned Bitcoin and cryptocurrencies, limiting trade them. As a result, the trading volume on the stock market of Bitcoin in China has significantly declined, accounting for about 1% of global transactions in the Bitcoin market.
Global stock market Bitcoin already restructured, as trading volumes have moved from China to a more sustainable, regulated and efficient markets such as Japan and South Korea.
The last thing the Chinese government can take is to prohibit the use of overthe-counter (OTC) markets such as LocalBitcoins. But, trading volume on the OTC markets of China considering only trade Bitcoins for about tens of millions of dollars on a weekly basis, which is a small fraction of the global trade volume of Bitcoin in contrast to these exchanges, as Bithumb that handle hundreds of millions of dollars in afternoon trading.
In the medium term, the strengthening of South Korean and Japanese markets, the global cryptocurrency market will be more institutional investors and the price of Bitcoin will continue to grow at a rapid pace. For the last four days the Bitcoin price has increased from $4500 to $6000, registering a weekly gain of $1120.
I think the biggest counter here is when Japan and South Korea adapted bitcoin. They in return made huge turnaround on bitcoin. Trading has just been made better thanks to this 2 countries. Although their were already other countries who adapted bitcoin, they took opportunity in bitcoin while China has banned trading in their country. Each countries has their own reasons for doing such but it changed how bitcoin can influence other nations. |
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Bounty campaigns is nothing but under these campaigns there are many platforms and different ways defined by the companies for their project that how they will reward their coins.
Like in most of the the Bounty Campaigns you may have seen:-
Facebook, Twitter, Signature Campaigns, etc.
These are few ways to earn their coins.
In facebook and twitter like social sites you have to follow their pages and have to share their posts. And in signature campaigns you have to use their signature in your profile. Like wise there are few more things like signature i.e. Avatar, Personal Text.
It will always be mentioned that how much % of the total coins will be distributed to different campaigns.
But offcourse the main reason is to promote their coin. Sometimes basing on how they advertise their coin is a good way of identifying if a coin is worth investing. Because they are ready to spend money just for the sake of their coin to be recognized and the risk of knowing their services in every social media. for me those are legit because if ever they are scam, they are already known in the web and it is easy to report. |
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Just invest half of it in bitcoin and hold it and invest the other half on alt coins and other investment. If you just look at the graph, you can see how its market value keeps on rising and even the expectations of some were being proven wrong. And if it keeps on rising, maybe it will reach a 7k mark before this year ends so it's better to invest bitcoins now.
I think for now it is better to invest in bitcoin. You just have to search for a reliable wallet that supports bitcoin gold and for sure when hard fork initializes, prices will increase you can have profit from price increase and you also will have btc gold for trades. It's not really comparing to previous fork but if the price of btc gold is just as the same as bcc, then it is a good profit rather than spreading it in altcoins. That strategy is just for the upcoming fork but for other days, it really is good to spread your coins. |
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No, there is not another coin. BitConnect is simply compared with a giant Ponzi scheme because its price is steadily increasing. On a day, with a dump, everything fells down because of panic sells and the scheme is crashed. Thereby, nothing can be recovered from this scheme. The only things that keep this scheme alive, are the promising returns and huge promoting over the whole crypto industry.
I'd rather invest my bitcoin in a casino, like in BitDice tokens which pay yearly dividends of their profit to token holders.
Some users really are just eager to make bitcoin that they will just try out any sites that seems to be innocent but are scams who aims are to mine in their site or to scam their deposited money. But anyways at least if they think they are earning then it is ok but i hope they wont make the same mistakes again if things go the way they are not expecting and not to lose big amounts of money. |
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If you cant invest big and want 100 or 200x then it's better to invest in altcoins or ICO's. You can't make a huge profit with Bitcoin now. So it's better to keep some and invest more on altcoins.
Yap and better be careful on ICO's you are investing because not all can be very profitable. But nonetheless altcoins now adays are good for investing. And even mining for some reasons. Maybe the hardfork is the most important for bitcoin horders right now but after hardfork, people should be back at finding a good altcoins out their. Even tokens now can give big protits, you just have to invest in the right one. |
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So does that mean that it became a cooperative rather than just a corporation? I mean if they would allow any users who are their member to intervene in their project, then that particular member can have his own income depending on how he contributes and how much was earned through his initiative for the company? Well i guess that is a good news for all of us who has what it takes to help on a project.
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Bitcoin Forum > Economy > Marketplace > Goods > Digital goods > Invites & Accounts
But honestly, I don't advice to buy accounts if you are legit guy. It would better to grow up your own account instead of buying farmed account which and risk to be tagged by DT members. As you may know (or not), buying/selling of btc accounts isn't not what they can tolerate.
And i think it's useless to buy account here at this time of the forum. During the early days, their were a lot of accounts buyers and sellers. But it became an abuse to the point where almost everyday, new accounts are being created for some hopes that they could sell it. Buying now is obsolete and it could be seen in the account if the password was changed or not. |
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Right now the average transaction fee is ~ $3 USD. For any businesses operating in small amounts that want to accept bitcoin, it is not feasible. The 3-5% that a credit card company charges will be much lower per transaction.
Let's say the increases in the blocksize cause fees to go down. Will it ever be able to compete with the credit card companies in terms of number of transactions, time of confirmation, and transaction fees? Surely the architecture at visa or mastercard are more efficiently designed for a large number of transactions, and why would bitcoin ever be able to compete with this? Is it inevitable that bitcoin will not be able to compete in terms of what credit cards can do?
The problem with transaction fees at the moment is not that the network is overly congested. It is coming close, but in reality the real reason is exchanges and companies, and wallet providers are setting their fees too high in order to push transactions through as fast as possible, which then causes lower fee txs to take longer. If everyone would drop their fees accordingly, we would not have this problem. I think it is increasing as the price of bitcoin is increasing. Normally in early days, .001 is not really that high but since the price went up it also means it goes up. For me blaming the price means also like blaming the price increase of bitcoin. I think as a trader, the mind set is if you need money as fast as possible, then pay high rates, but if not then we should go for lower prices. Different as a miner because they make transactions and fees actually is convenient for them. |
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Recently the imports are blocked by RBI in customs forever. Take note of this
Aw why is India's bank so strict when it comes to crypto mining. Can it be acknowledge as part of a luggage. Like if you know someone outside of the country then you could just let them get it for you and once they are in you country, you could a hold of it. I don't know if this could work for but it's a friend of mine imported his item. Wrapped in many aluminium foil. |
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There is all this fuss around Bitcoin Gold happening... I was wondering what are the exchanges and wallets who will be supporting this new token. Anyone with an interesting link with more information on this?
I've read that only two exchanges have implemented Bitcoin Gold into their website. YoBit exchange is one of them. I still wouldn't leave coins on there, it's better to just download a wallet. Yap agree with that and i still find it fascinating that even with how many claims and issues to buy had, it still kicking until now. I think their is low support because btc gold is not yet fully approved? Because a lot of sites should have already expressed their decision if they support btc gold or not. May in a week be before, their will be legit approvals. |
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Coinmrket i think is just a regular site and May be it was paid by that company to advertise or promote its own site. Seeing it is acquiring many views, its good opportunity to advertise site links. Because I have seen many sites in coinmarket cap and annoying as they be, that is how a site is earning.
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As long as you're making profit, it will be recorded in the country's GDP or GNP. Which makes it taxable.
Best thing to do is to coordinate and pay your taxes. Because once your government creates a regulatory framework on the taxation of cryptocurrencies, then they will also include investigations on past recorded transactions, and you might pay much much more when that happens.
I think it's better also to have another business in real life. To at least cover up revenues from bitcoin. Bitcoin according to your post is not illegal but it's just not recognized. If you have a business IRL and you get findingrom bitcoin, at least you can declare income that you have business rather than online trading only. |
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No, I dont support. Vietnamese thread too much spam and there's rarely constructive comments
Well i think that depends on how much members and is their any moderator for their own thread. Because we also had petitioned for our own thread so for fellow users in vietnam, they should support that. It's up to mods to clean their own thread once it is approved. |
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Beyond Bitcoin, it is actually the technology behind Bitcoin that is holding great promise of the future as it has thousands of applications and all industries can take advantage of its many benefits and advantages. We have already witnessed different ICOs of different programs all using the blockchain technology purportedly to advance the causes of the industries they are representing.
In the coming years, we are expecting a big boom of different industries and yes even the governments using the blockchain to their own interests. And since the technology is open to all and is unconditionally free, anybody and any organization can use it. Even those governments against Bitcoin (like China and maybe also Russia) are looking at ways they can use the blockchain technology to improve their delivery of services and further upgrade their systems.
Blockchain is not easy to develop and you need to have a team of expert coders. And as a 3rd world country, it is not easy to have such team and you gotta hire from other countries. Also it is expensive to have your own mining infrastructures. And it is not really appropriate for a government to base a platform on other blockchain cause that would mean they are under some virtual entity. |
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Then we have to get real about it. In some ways having those verification is for our protection. Even if you say you are not a bad guy, their are still people who would want to take advantage of how good you are. They don't ask personal info to scam it against you. Because this is the most issue why governments dont really want to regulate bitcoin. It is virtual and not all want to use if for good reason. They ask personal info to just know who is getting how much. Because unverified are taking the site for granted trying to be smart to scatter their money to avoid putting all money in one account.
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Hi, I'm the owner of Bitcoinker  We did indeed reduce the claim amounts a few days ago, due to the Bitcoin price increase. Once Bitcoin has stabilized at a new price point, we adjust the claim amounts accordingly. Also, keep in mind that there are much larger claim amounts in our faucet as well that fewer users get, and that raises the average claim amount as well, even though you might not get those higher claims and therefore see it in your average. Regarding the minimum threshold, we may lower it in the future once we stabilize the faucet, as currently the Bitcoin price increase has caused us to take Bitcoins out of our own pockets to cover the payouts. At least we have a good owner who replies issues about his own site. I myself is not a fan of faucets but if owner addresses issues like this, it's satisfying to know that they are willing to risk for their future. I hope owner/s does not stop just because they are not earning things or they what they achieved. Sometimes its a long time to have profit in this kind of ordeal. At least settle everything before ending it. |
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