Of all the predictions going around, this one looks the most realistic to me. Segwit activation and lack of a soft fork on Aug. 1 will result in a breakout of the pennant being created now.
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From the famous Masterluc on June 26: "Panic in people ... A brief education program of what I wrote here. On June 20, I wrote that, with a probability of slightly less than 100%, there will be a correction for weekly ma20, that is, about $ 1630 (ma20 increases). A little earlier I wrote that the general bitcoin trend is strong. I was asked - if so, do you need to buy on ma20? I confirmed the high quality of such an entry point to Long. Congratulations to the newcomers who pissed. After $ 10,000, you also start to fight =} Think carefully if you need it. You are challenging a huge market. You want a lot of money, but you are waiting for a great test of strength." I'd like to point out that this match's his "bearish" scenario in https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/That has bitcoin going to ~$1,700 in July-Aug, then to ~$100,000 in about a year.
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This is the UASF wall observer fork!
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Welcome to the new free speech wall observer thread.
I thought an unmoderated thread was necessary after already having a couple posts deleted from the "other" new Wall Observer.
An unmoderated thread is more in line with the spirit of the original Wall Observer thread, where much of the value was in the off topic discussions and overall zaniness.
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https://vk.com/bitcoin_vangaMasterluc on June 26: "Panic in people ... A brief education program of what I wrote here. On June 20, I wrote that, with a probability of slightly less than 100%, there will be a correction for weekly ma20, that is, about $ 1630 (ma20 increases). A little earlier I wrote that the general bitcoin trend is strong. I was asked - if so, do you need to buy on ma20? I confirmed the high quality of such an entry point to Long. Congratulations to the newcomers who pissed. After $ 10,000, you also start to fight =} Think carefully if you need it. You are challenging a huge market. You want a lot of money, but you are waiting for a great test of strength." I'd like to point out that this match's his "bearish" scenario in the previously posted chart. That has bitcoin going to ~$1,700 in July-Aug, then to ~$100,000 in about a year.
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Newbies shitting in his pants. Smart money accumulating. This is where the money forges. The zone. Do you see the difference?
wonder if anyone actually shat their pants due to bitcoin - lol I pledge to shit my pants when BTC hits $100,000, and again at $1,000,000. And hopefully it won't be due to incontinence.
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Im still waiting for ~1200
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If I have so much bitcoin then I will make an inventory by buying some cryptocurrency and also open a business in the real world. Trading in bitcoin world is interesting when I have 5BTC and also opening a business in the real world with 5BTC capital is enough. I want to provide comfort, because by opening investments in bitcoin world and real world then I do not have to worry when I fail at 1 job.
5 Bitcoins is not enough to start any serious business. I kept hearing that someone started a company with $50 in hand while he slept and work in his garage, but this is seriously more than a fairy tale or urban legend than a fact, Keep the bitcoin for now and wait what will future bring, your 5 BTC might be worth 10x fiat in next 3 years, especially after halving. A lot of people on this forum live in developing countries, where one could start a pretty decent small business for under 5 BTC. Here in America, or the West in general, that would be tough.
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I quite like the BB distribution model. It gets BB into the hands of crypto enthusiasts and ties its value, in part, to Bitcoin. It's a hell of a lot better than yet another ICO like IOTA.
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If a billionaire attempted a hostile takeover, the proof of work could be changed rather trivially.
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Is anyone else surprised the market hasn't responded more positively to the recent developments RE:segwit?
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It's not "locked in". Over 80% of miners are signalling that they'll signal for segwit.
We won't know for sure for at least one month. The BTC1 segwit2x software is supposed to be released on 7/21, and that's when we'll see who actually signals for segwit.
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My speculation is that xmr will continue its steady longer term appreciation trend, with much less significant volatility than other leading crypto (BTC, ETH). In the long run, XMR will appreciate significantly more than BTC, as it's use cases are greater, and the current valuation is 50x lower.
Depending on your criteria, you might deem various issues as "leading crypto" but market cap per se is clearly meaningless. Bytecoin, dash, zcash and ripple are prime examples of that meaninglessness, for distinct reasons with similar implications, i.e. in each case the cap far exceeds the float - liquidity stinks, and every "greater fool" that comes along is just burying themselves under a deeper and deeper creaking overhang. I do not deem any of these four in particular to be in the class of "leading crypto". I still hope for a fair community launch of a zksnark crypto (or the incorporation of zksnarks into xmr.)
ETH is definitely leading crypto, but can't be classed as a monetary asset per se. It is also heading for a legal and social catastrophe at an ever accelerating pace. I much prefer the tortoise-style victory to which Monero is iterating, steering far clear of the snake oil and Ponzi complexes that besmirch the very concept of crypto. The political and governance risks of XMR seem clearly to be much less than those of either BTC or (most especially) ETH.
There exists ZenCash, ZClassic, and Hush, which are all community created Zcash forks. I've been particularly interested in Zen. It's basically Zcash with a DAO and masternodes. As a speculator, those things interest me.
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The segwit2x signaling is just symbolic at this point. They're just signalling that they're going to signal for segwit.
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It is happening!
23,6% segwit2x support and going up fast (last 144 blocks)
How long until they can signal for the 2MB hard fork that comes with it? Can anybody give me a quick rundown of what this means, or a proper resource that I can read? I think if 2MB doesn't get enough support that part of the proposal will expire? Someone correct me. I'm sure I'm wrong Correct. The 2MB hard fork kicks in about 3 months after segwit.
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You can look at Dash and Monero. They came out around the same time, and are both privacy oriented. Monero took the voluntary community funded development approach. Dash took the approach that Zen is modeled upon.
Technically, Monero is superior in virtually every way. In fact, one can make a very good argument that it's an even better privacy coin than Zcash. But Dash is worth more and has had a significantly higher market cap. The DAO, masternode, etc. approach is better for investors. Though it may prove to be a weakness in the long term.
Mmh monero superior? It's superior complex than everything else And wasn't there a block explorer posted some time ago which can successfully reverse the ring signature anonymity thingy of monero as well? IMHO zec is the way to go.. ZEC is much more complex than any other crypto. You need a mathematics PhD to understand it. You're thinking about the hit piece put out a few months ago by the Zcash team. Basically, they published a paper about a vulnerability that was known about, and already fixed, about two years ago. I may sound anti-ZEC, but I believe it will likely be very successful. Ugh.. For me it's the complete oposite, i've wrote pools for both coins and I'm still having some issues sometimes with Pornero whereas zcash is just running fine.. This was the block explorer I was talking about: http://monerolink.com/So basically all un- or lowmixed TX'es are linkable ... I didn't realize Monero was that messy on the back end. I guess I shouldn't be too surprised since Jaxx was having trouble integrating it at all. I haven't seen monerolink before. Thanks
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You can look at Dash and Monero. They came out around the same time, and are both privacy oriented. Monero took the voluntary community funded development approach. Dash took the approach that Zen is modeled upon.
Technically, Monero is superior in virtually every way. In fact, one can make a very good argument that it's an even better privacy coin than Zcash. But Dash is worth more and has had a significantly higher market cap. The DAO, masternode, etc. approach is better for investors. Though it may prove to be a weakness in the long term.
Mmh monero superior? It's superior complex than everything else And wasn't there a block explorer posted some time ago which can successfully reverse the ring signature anonymity thingy of monero as well? IMHO zec is the way to go.. ZEC is much more complex than any other crypto. You need a mathematics PhD to understand it. You're thinking about the hit piece put out a few months ago by the Zcash team. Basically, they published a paper about a vulnerability that was known about, and already fixed, about two years ago. I may sound anti-ZEC, but I believe it will likely be very successful.
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You can look at Dash and Monero. They came out around the same time, and are both privacy oriented. Monero took the voluntary community funded development approach. Dash took the approach that Zen is modeled upon.
Technically, Monero is superior in virtually every way. In fact, one can make a very good argument that it's an even better privacy coin than Zcash. But Dash is worth more and has had a significantly higher market cap. The DAO, masternode, etc. approach is better for investors. Though it may prove to be a weakness in the long term.
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Hypothetical scenario so that nobody is giving legal advice:
Say a US citizen were to create an offshore company in the Cayman Islands or Turks & Caicos where there is no income tax nor capital gains taxes.
The individual then loans this company some bitcoins. Say an even million dollars worth. That company then sells the bitcoins and puts the dollars in a bank account.
The company then buys a car in its name, a boat in its name, and pays this US citizen a yearly salary below the 100k cutoff for expats living overseas. The owner has full use of the company vehicle, boat, etc.
Would there be any legal challenge for this individual?
This person is also not doing it for tax avoidance purposes. S/he was already planning to start a business and wanted to start one in a business friendly nation.
So, in this scenario, one would continue living in the US, collecting a $99,999 salary from a foreign corporation, and paying no taxes anywhere?
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