Many of the campaign participants are into this problem. In my opinion, Income should be determined from the amt received* the rate at that point in time. Eg: If someone receives payment=0.01BTC when BTC rate is $15000 then his income is 0.01*$15000= $150. Now if BTC inc or dec. that should be considered capital gain or loss while selling this BTC for Fiat.
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Trading is better option than investing in an ICO. If you want to invest in ICO then have a deep study about their team, understand Whitepaper etc. Trading is a safer option as the coin is already listed on the exchange so there is no chance of having fraud at this level. Trading requires good technical analysis skills to earn the profit in long term.
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I see a lot of optimism about bitcoin, which is understandable seeing the price recently. But I have to admit I'm a little worried about the long term future of btc. The major problems if the currency still haven't been dealt with. I see 2 major ones:
-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make. -The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable. -And maybe others that I'm not aware of.
Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.
All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.
Your concerns are quite reasonable to consider as High transaction fees and long confirmation hours are being a limitation for the growth of Bitcoin. Now as far as hard forks are concern, I consider it another altcoin. so there is no threat from hard forks to bitcoin. Let's see how investors react to this in future.
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This news seems to be positive as market start recovering with really a good speed. If countries are not interested in crypto regulation and don't consider Bitcoin as an economic thread then it means Govt. of many countries will not BAN crypto or Bitcoin from their country.
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I am not an active trader so I Hodl all my coins. Somehow, in this crash, my total crypto-portfolio has decreased to 1/2 of its total pricing. But I hope to recover my portfolio soon as I am expecting Bitcoin at $13K in April.
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All you need to know about digital money http://www.digitalmoneytalk.com It is said now China is a "cashless society" and there seems to be no Bitcoin in China. Bitcoin is just a part of digital money Bitcoin is not just a digital money...specifically speaking it is anonymous digital money. No country will ever want to make their economy anonymous and decentralized(independent), therefore many countries such as China is demoting Bitcoin as Digital payment mode.
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Most of the social networking sites have a negative view for ICO's. The past experience of ICO's investors is not so good which has created a fraudulent image for ICO's. Now Fb, as well as Google, don't want to attach their name to any such activities which can ruin their reputation.
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I don't think there is need of any crypto-bank. In long-term, crypto bank will also control the cryptocurrency in the same way as Fiat is controlled by central bank and govt. The whole concept of decentralization will be ruined if such crypto banks came into existence.
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I believe ripple will definitely try to recover soon. with the crash of market, all coins are into hell today, so there is nothing surprising seeing ripple falling. Th situation would be more worried if Ripple falling against the market trend.
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It could only happen if Govt. adopt Bitcoin as the legal payment mode. Fiat is failed in economy and poor are getting poorer as the money value dec. due to inflation. If currency value is being standardized then we can overcome with such situation, otherwise, the dream of freedom and equality will last as a dream only.
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Uptrend and downtrend are very common in the trading world. There is always an uptrend after the downtrend and vice versa. If we see the overall graph of Bitcoin, the trend is still positive and growing. Such the correction seems to the secondary trend between the primary trend which can last upto 3 months.
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Bounty program will last until the time new ICO's keep on launching. These Bounties help an ICO to create publicity among the crypto community so that they can be got investment easily and reach the desired target.
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A trend has been started that bitcoin is now used only for raising income by buying and selling it but we are ignoring its most important fact that it was created to be used as currency and if it can be used as the currency it would really help community to enjoy its eases and regions who are accepting btc must have to start it as currency this will automatically boost user no's as well a prices,
Rightly said...the main motive of Bitcoin was to get independent and transparent payment mode. Satoshi might never imagine Bitcoin is being an instrument of trading forgetting its original motive of BTC.
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The graph in OP represents the Dow theory, not a bubble graph which includes 3 phrases...1 Accumulation phase. 2. Public Participation 3. Excess 4. Correction. You can easily find such figures in historic charts of many stocks. So there is nothing to panic. This is a secondary trend in between primary trend which can give correction up to 1/3 to 2/3 of price an can last from 3 weeks to 3 months.
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Bitcoin is said to be standard in cryptocurrency. If Bitcoin rise..altcoins will automatically grow. Every Altcoin ha the pair with BTC and this leads to the price of a coin is directly propositional to Bitcoin. Moreover, everyone knows and trust Bitcoin than any other coin. Everyone wants to hold Bitcoin after seeing its growth in past few years. It is a time-tested cryptocurrency on which people trust more than any other cryptocurrency.
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