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2181  Alternate cryptocurrencies / Altcoin Discussion / Re: As mining is no longer profitable... on: February 13, 2023, 10:30:26 PM
Will always be profitable as long as your node continues and as long as you can pay the bills and maintenance of your mining rig. Maybe it is just not the right time to sell what you have mined but waiting for a bullish trend to occur would be better than to settle with the current market price. My neighbor is mining Bitcoin for years already and according to him, it is still profitable on the current market price but he still choose to not sell and to just wait for an uprise movement to occur. But we do have different capabilities; some would be in need which will somehow push them to sell early and that is fine but as long as you can endure the market situation, holding to both miners and investors, would be better for sure.
2182  Economy / Speculation / Re: Can we experience $80k this year? on: February 13, 2023, 10:07:37 PM
There should be something huge to happen before we see a market price as high as this one, just like what happened on the previous ATH. And if we would base on what's being anticipated, I think this would happen next year once halving occur. There's no certainty still. The idea that a bullish market would happen is because of the previous fork wherein Bitcoin and other cryptocurrencies broke ATH price way back 2018 if I'm not mistaken (feel free to correct me). But the idea is there. Even if there's no certainty, atleast there's that hype which could trigger a demand and eventually reflect to the market prices.
2183  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 4 Altcoins to look at in 2023 on: February 13, 2023, 02:55:52 PM
I'd agree with ethereum but I doubt with Doge and other meme tokens. Well, on the usual, in every bullish market majority of cryptocurrencies' market price are increasing. Butthe downside of meme tokens is being dependent with demand and hype alone. So if these coins won't be having interest from investors even if there is an uptrend, then nothing will happen. Unlike with utility tokens wherein even if the market is neutral or in downfall, there'd still be a chance for an instant recovery since the token itself circulates on a certain platform. Ethereum on the other hand has a large chain, meaning it is being used to most of the projects and transactions in this industry which means it would always be promising to invest.
2184  Economy / Economics / Re: Anyone here into passive investing (of their time)? on: February 13, 2023, 02:35:28 PM
Passive income in this industry I guess is through long term holding which means an investor would disregard any decline on the market prices and will only focus on futuristic price potential. Outside this industry is through other investments such as owning a business wherein you could hire professionals to run it for you to not be required of moving an inch to generate profit. Others could be some sort of staking wherein the price is expected to increase for a long run. In either of these cited examples won't save you from risk. Wether it is a passive or active income, risk will always be involved. No passive income I believe has consistent profit growth.
2185  Bitcoin / Bitcoin Discussion / Re: Withdrawing Bitcoin off the radar on: February 13, 2023, 02:07:10 PM
Excuse me, I didn't quite understand what you meant. I've accumulated this sum of bitcoin through a variety of sources. I haven't bought a single one. Theoretically, isn't this income something that should be declared? I'm talking about the whole amount of coins.

What I meant is that it's only you who knows where you've got those coins from and whether it's by working for them, or mined, or you've bought them long ago when KYC was not everywhere. And I don't think that anybody would invest too much of resources to find out if your declaration is for real or it's hiding a bit of details here and there.
Hence if you declare them as income then you'll probably pay income tax and if you declare them as capital gains (from 0 since you don't have receipts), then you'll pay capital gains tax.
That's how I see the things.
It won't be suspicious if he/she has a business or high paying job to cover perhaps a huge amount to enter his/her account if ever he will be selling some of his/her crypto assets. Declaring it would be somewhat foolish especially if this industry is not having a wide support. It happened to my friend. Since he's unemployed his account was questioned when a huge amount was deposited mid last year which forced him to move to another one but decided to hide half of his welath under his brother's name which is a businessman, with consent ofcourse. If this is what is meant of declaration then think twice. But if it is just verbally sharing to other people, I see no other problem than to be at risk of being targeted by bad guys out there.
2186  Economy / Economics / Re: Saving is Wasting? on: February 13, 2023, 01:34:34 PM
Simply depends on what type of an individual you are. If investment works for you then that would be good but if saving is your forte then that would be as well just fine. Ofcourse having the guts to invest would be advantageous but since not everyone is eager to handle risks involved on any kind of investment, saving will still be an option. It would be wiser to stick with saving funds than to engage with an investment you know you cannot manage properly. It will just seem that you are throwing away your money. We are all different and we all have our own plans for our money. So just do you.
2187  Bitcoin / Bitcoin Discussion / Re: Helped my neighbor to purchase some Bitcoins on: February 13, 2023, 01:05:50 PM
He asked me why not just leave the coin on Binance so that when ever he wants to sell it, he can just use the same method; that's when I brought to his notice "Not your key, not your coin," and he was convinced.  
For some reason, I wouldn't lead idealistic thinking toward newcomers. I'm certainly not against the general rule of thumb of the self-custody wallet concept, just don't wanna be the one to blame one day especially talking about the rather high transaction fees that most newcomers aren't completely okay with. Teaching the advantages and rikss of each holding method may be better first, then letting them make their choice.
It is easy to convince or persuade someone to engage towards investing in this industry but if you areally care for those you are wanting to invite, expose them to the idea of risk 'coz it will save you from blame. If you will just gaslight the advantages of this technology then you are simply dragging them to danger. A friend won't do that. Been there; I was just wanting to share how I got my profit so I encouraged some of my friends. But little do I know, the market is just unpredictable. When a correction occured, they suffered from huge loss and they immediately sold to somehow cut it. Make sure they have the knowledge to invest first.
2188  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Bounty really pay? on: February 12, 2023, 10:53:23 PM
Yes, you just have to find the legitimate ones. Check for who manages the campaign 'coz good managers always target paying projects but there would still be cases wherein there are projects who just runs with their money after their token sale and that is I guess part of this blockchain given how anonymity is being used. But those would be rare especially if there is a well introduced project. Problem only I see nowadays is the forum rank requirement wherein those who has low forum rank would be limited to projects, but this is another side of the story. So regarding non-paying projects, always check for their whitepaper, how developers handle concerns and other possible hints, to know if your time would be wasted from participating into it.
2189  Bitcoin / Bitcoin Discussion / Re: Bitcoiners with Alzheimer's. How do you work it out? on: February 12, 2023, 10:33:01 PM
If they are aware that there are lapses on their memory, for sure they'd make an action to cope with it such as putting everything in the notes, having someone to know (depends), recorders and such. This would be risky as well simply because other people could take advantage of these things or there are tendencies for an individual's asset to get stolen but these are already remedies and if things won't work still, then maybe this industry won't be for you. It would be better to be realistic than to push through things. For sure there is a way if there's a will. Not only with people who has alzheimer's but also with other conditions.
2190  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: February 12, 2023, 10:11:15 PM
Actually there are people whose main source of income are from this technology; investors more likely and I know some. But this fact is not applicable to everyone. Those who are earning huge are simply having huge capital and not all people have that. Also, this industry is full of inconsistencies which should be enough to say that profit will most of the time not be constant and risks will always be there. In my opinion, it will still be better for you to have a stable job while having investments, if you are an average person,  to sustain risks and other expenses. Never let the idea that there are people who became rich in this industry, to make you too optimistic in this technology.
2191  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have life span? on: February 12, 2023, 02:39:17 PM
Bitcoin will only be gone if this technology will shut down otherwise, it will just remain on the chain. Worst case scenarios are; all countries would ban usage of this digital currency or a war would start which will make ny currency having no values at all. But still, eitherway, Bitcoin will still exist if not on the wallet, it would be on blockchain space. Its market price is dependent with the demand it is getting from community of users therefore, that would also be the only factor to highly affect its 'existence'. Given that this technology runs in online platform, it is hard imagining that it will just be gone in an instant.
2192  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I invest in new Projects (Need Suggestion) on: February 12, 2023, 02:08:13 PM
If you're aware of how risks work, then that would be fine especially if you are really seeing a potential from those particular projects. There are many indicators of a good project such as popularity, team behind, and the concept of platform itself. If you are having your own reason, it is only okay to invest in new projects on this industry. The only reason why many people avoid doing so, is simply because of the risk
It may actually be high simply because you'd only know how a project would function once it is released in the market and outcome includes downfall. There are many projects being released on a weekly basis but only few are succeeding.
2193  Economy / Speculation / Re: will bitcoin go back to 19000 on: February 12, 2023, 01:42:10 PM
Well, yes. But never too reliant of such tendency. We recently saw its market price to increase but we're not sure of the actual reason which means the supporting cause isn't that enough to somehow push the market price higher, therefore a correction still has chances to occur. But if all of a sudden something related to this industry pops up then we may see a continuous pump not only in Bitcoin's price but as well to other cryptos. Bottomline is, there's no assurance of the next possible movement. So if you are ready for any market price movement, then you may invest on any price point. It is hard to determine the bottom in the first place so just know your limits as an investor.
2194  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins to HODL on: February 12, 2023, 01:17:24 PM
Whichever token you have your interest with or mentioned by many people, no certainty still of profit given that this market is volatile in nature. It would be impossible to predict the right coins especially those which will have the highest rate of increase once bullish trend occur. If you are with the less risk, then engage with huge names of this industry such as Ethereum because top tokens are ones which has highest tendency to withstand market downfalls until an uprise movement become obvious with the market prices. You may also engage with new tokens which you think are having huge potential in the future but always expect the risk of things not going as planned. That's how this industry works.
2195  Economy / Economics / Re: Important tips to note when considering switching career path. on: February 12, 2023, 10:24:37 AM
Best thing to consider is whether it would be worthy ofdoing so. Changing one's career path is just okay as long as you are seeking for a betterment. But if it won't be, and your reason is just to ease things down, well most of the time it won't be advisable. You'll need more time to adopt with the new field and sometimes money. The latter part would be the crucial 'coz if you will get nothing from doing so, it will just be a waste of time. You may also consider staying at your current career and add another one if it would be still possible, just to balance things out. Keep in mind that your actions will reflect to your future so be careful.
2196  Bitcoin / Bitcoin Discussion / Re: Which company will be next to accept Bitcoin? on: February 12, 2023, 09:53:09 AM
I say that the next brand to accept Bitcoin will be Pagani What about Tesla and SpaceX? Haha

Pay for Electric cars and ticket to Mars in Bitcoin.
i wish the next company to accept Bitcoin should be Amazon and our local E-commerce Market Daraz. I want more people in our country to use BTC and this will be only possible if these companies accept BTC as a payment. we made more than thousand transaction daily un these two marketing company and w elay through our local banks system. if btc option added this will be very good step.

 currently we just using Btc for holding and Trading purpose and there is no Usecase in our country so its very difficult to spread the real advantage of Btc. if some marketing company,car rent service and mobile Phones Shop start to accept btc then i think it will really help to spread Btc and its advantage.
Would be great if big names of online market industry will be the ones to adopt this technology. The only question I am thinking is whether users would actually spend their crypto holdings on buying stuffs online. Well, there are tendencies such as if the buyer would prefer avoiding taxes and the likes but for sure those would be on expensive marketable goods only. What's more likely to happen is for casual buyers to still use fiat based payments because the transaction fee or the amount to be avoided of tax, would be smaller than the potential profit from holding cryptocurrencies and waiting until bullish trend occur in this industry.
2197  Alternate cryptocurrencies / Altcoin Discussion / Re: How to deal with shitcoiners without being harsh about reality. on: February 11, 2023, 11:59:12 PM
To spoil their high expectations with reality. Indeed poop coins are profitable or I'd say highly profitable especially if you'd be able to pick the right coin but is not, it would be the other way around. Poop coins are having a too volatile market value wherein things do change in an instant which makes it risky in comparison with other cryptocurrencies in this industry. So if you can manage dealing with such market price behavior of an asset, then that would be good of course. But if not be prepared of the possibility for huge losses to occur. That is just how simple such concept works.
2198  Economy / Economics / Re: How we survive food shortages on: February 11, 2023, 10:16:40 PM
Food shortages can only be aided by importing marketable goods from other countries into ours. But since such reimforcements won't come in an instant, you have to make your own move in order to survive such as saving your consumable goods and hoarding of some things for a period of time.
I understand your anxiety about future hunger as a result of rising sea levels and other climate change impacts on farming. Cryptocurrency is not the answer to these problems, however. Bitcoin was not created to solve global warming or food insecurity, but there are some indirect ways in which blockchain technology might assist, such as by lowering methane flaring associated with Bitcoin mining. I think we can all make a difference in the world if we dedicate ourselves to the task of solving these global challenges.
Well, he did not mention of such thing. Also, this industry might fall down in that scenario because people would be minding survival than to be rich. Also, if it would be famine, no cash or payment system would matter in this case, just survival and this would be a lot harder to deal with.
2199  Bitcoin / Bitcoin Discussion / Re: People will choose bitcoins more if the number of cryptocurrency option is less. on: February 11, 2023, 03:06:08 PM
Definitely not; it will never be the quantity which gives doubt to people who are interested on engaging to this industry but the nature of volatility itself. Let's just say investment is not for everyone.
I felt like seeing a movie and opened my streaming app (Netflix) to make a selection of a movie to see and I became confused which to select because of the many choices that I saw. I immediately had this thought that it is the same way people who have the interest of investing in cryptocurrency become confused the one to invest in when they find out that there is bitcoin and many other altcoins. Many people become confused and make mistakes because of the many options they have in cryptocurrency, they fail to invest in bitcoins because they think that there are many other very good options. Do you agree that more people will choose to invest in bitcoins if there were not so many cryptocurrency choices although not all are good?

They are not confused, they just can't afford Bitcoin maybe, that's why they look for other options, so they automatically think altcoins are just good as Bitcoin since it's still cryptocurrency. They just lack of enough knowledge to figure out what's the best cryptocurrency to invest in. So also if they got stuck on a certain altcoin, they would blame Bitcoin for the sake of their mistake to lessen up their disappointment.
They only differ in value and the size of the blockchain. Bigger chain means more people are using it in any way possible, which afterwards result to increase in demand by period, and further positively affect the market price. Also it is not because they cannot afford bitcoin, 'coz we all do. It is not a requirement to buy a single Bitcoin in an instant. On the other hand, bigger quantity in asset won't guarantee bigger profit for the investor. Everything in this industry has risk and your responsibility is to lessen that risk by getting the right choice of crypto.
2200  Economy / Economics / Re: A steady source of income is a man's bottom line to support his family on: February 11, 2023, 02:38:00 PM
Engaging with investments is really a good idea but you have to consider factors. If you have a family then you should prioritize them by having a stable income. And if you would have savings to be used on other things, then that could be an amount you can make profit from if you will have the right investment. But what if you have nothing left for such things? then that would be a problem you have to solve. You may adjust daily expenses but only to an extent wherein your family won't get sick becuse of that adjustment. And if it won't work still, then try looking for a job which would pay you higher. How will they hire you? show some skills and that is something you'd work for through years as an employee. Bottomline is for you to have an income which would be enough for a daily living.
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