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2501  Other / Beginners & Help / Re: Question about taxing on: November 08, 2018, 11:28:38 PM
I do not see that crypto will be considered as an asset and will be taxed like this. It is not fair because cryptocurrency was also used as a form of payment and not really an asset.

Cryptocurrencies (esp. BTC) are being seen as speculative assets only through which people can earn a buck by ^investing^ (putting) their money in them for a certain period of time (or till whenever they can hodl). It's true that market conditions have never been the same and are unfavorable at times, so something that's uncertain - can't be called a currency first of all as there's no stability (and it's actually not even needed Wink) We can't really decide what's fair and what's not as finally, the power is in their hands to approve/reject crypto trading and if approved, then on what conditions.

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Government may able to taxed crypto but they should consider doing it on those local exchanges. The local exchanges are the best tool for them to tax users on crypto during the trade. The government could implement and additional a percentage of tax on every transaction being made in the exchanges.

I believe they are already doing it [as a few exchanges take a fee (not talking about escrow charge, but tax that either they need to pay or it's charged on the user end itself) to give to Governments], and they've even got our back with the KYC norms that need to be met as a requirement, else there won't be any such trading allowed. The LIFO and FIFO methods presented here by dkbfl is something you should look for, or create your own method to keep records of every single trade you make, so not to get in any problems like getting caught by them under the radar for not paying taxes or not keeping records.
2502  Other / Beginners & Help / Re: Why isn't Meta considered to be an earnable board? on: November 08, 2018, 10:51:25 PM
To be honest, I would not count posts from meta if I would be a bounty manager, at least, it would help to reduce spamming on meta. People should visit meta with real interest, not for fulfilling the signature bounty requirements which sometimes turn meta quite boring. It's only and only my personal opinion.

Neither would I ever consider Meta as a preferable board to pay something for (knowing the fact that participants will kill the highly substantial posts' credibility and audience that Meta has got), if (and only if) I'm doing a bounty, but what about those campaigns that pay in BTC? I've seen the culture of spam is more in bounties compared to campaigns managed and paid in BTC, so don't you think those interesting topics in Meta will have some extra debates (just for being able to earn on a spicy comment - but an exceptional one and the deciding factor would be based under managers' choice)?

Meta would in that case turn to a single Spam fest. I used to love to participate in the Altcoin discussions but now when I open it and see threads named Will ETH reach 1 Million, Can I get rich with ETH and similar I dont feel like writing there.
Users would use the opportunity to spam the Meta section also hoping that they can get a few merits here and there not caring about the quality they post at all.

But I would support the idea that participants of Bitcoin signature campaigns are allowed to post in Meta. For those campaigns accepting only Hero and Legendary ranks.  

Not really, I believe users with higher ranks only and with good amount of merits should be allowed to earn through Meta board as even I'm aware of the fact that this could happen that Meta would turn into a holy spammy shit once any user of any rank is allowed to get rewarded for their posts there. The best thing would be to closely monitor and choose which of the posts truly deserve anything or nothing at all.
2503  Other / Beginners & Help / Why isn't Meta considered to be an earnable board? on: November 08, 2018, 02:01:59 PM
From discussions over any new topics related to forum, to some really hot topics and information (except those "Why was I banned?" threads), some exceptional exchange of great information is being done in the Meta board, but most of the signature campaign managers don't really feel that way or have other reasons for not considering it a place to be rewarded to post in. I'm here publicly asking this question to all those managers and if at least one manager of any signature campaign comes up and explain why they don't feel to allow us to earn on our (by saying our, it doesn't limit this thread to the signature campaign I'm currently enrolled in) posts that are made in Meta, the purpose of creating this thread will be fulfilled. Smiley

As well, can they allow few of the great posters to earn over their posts in Meta on the condition that the posts need to be exceptional and out of the box (like something super creative)?
2504  Economy / Speculation / Re: Where is Bitcoin heading towards? on: November 08, 2018, 11:45:23 AM
Currently the uncertainty in the market is very high and it will take a great push for bear or bull to have control over the market.


Let's not call it a push for control when it's all about the demand, number of people willing to buy higher is currently low because speculation in markets are towards the down side and they fear to lose if and only if the trend continues to slide lower. The fact actually is, when too much FUD happens in the markets, there comes a bigger possibility of bears to make moves (not control, but make their moves) to pull the price down to their expectations, but this also gives chance to bulls to accumulate more and throw out weak hands off the markets to stop the unnecessary selling pressure that's being created by the bears. This is where bulls push it off harder (either through a pump or via stable times to outsmart bears in their own game) as well as create chaos amongst other medium and low level players to spice up the price a bit more with their money.

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I could still remember when ranging trend were happening in the past and whenever there is a breakout it always be a big move.

That was just for alts as Bitcoin had been moving in zigzag (pump-dump and make that triangle) style only since last 6 years after accumulation was already done at a very high scale, but I think that there's still the same pattern we're going to witness this year again with the alts as many are already showing the same breakouts and are being moved damn higher specifically focusing on their fundamentals.
2505  Economy / Speculation / Re: All-Time-High will happen again after Bitcoin Halving on 2020? on: November 08, 2018, 10:49:03 AM
This data is irrelevant at the moment, if you look closely, you will realize that there is a great pressure from governments and banks and this is not creating much demand like in years past, on the contrary, these governments pressure is driving people to get out

--snip--

and we have more cases of scam that are causing people to stop trusting cryptos

This has now become a fight between slavery (that Governments are trying to impose by showing their power) and our freedom and democracy as well as anonymity that we want to maintain in our finances. It's true that they might be in trouble if people stop paying taxes for their country, but the thing here is, we want a few strict regulative norms that need to be followed by their citizens to remain under the law and do every legally, but then, it will completely isolate the purpose of using crypto, i.e.; anonymity.


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I believe we will see the price of  $25000 only if some ETF is approved or if BAKKT or some other big project succeeds


I've read somewhere on this forum only (don't remember exactly on which thread) that every country has its own SEC and it depends on whether they approve for such ETFs to be traded at their place or not, so having just one country/continent support crypto won't be enough to cope up with the tight strain that's chopping the hell outta people.
2506  Economy / Speculation / Where is Bitcoin heading towards? on: November 07, 2018, 05:36:46 AM
After considering many threads based on the same question by people who've invested in Bitcoins, whether they purchased it at its ATH or below it but above the current price (thinking of whether the price will recover), or if they bought it at current values (where they want to know that is it safe to be in BTC or should they need to tether it out currently). Based on the calculative analysis and the fact that it has reached the end of falling wedge and a very big triangle that had formed, is going to end very soon, we can expect Bitcoins to finally break it upwards and the move will be very big, just like last year (though, I don't think it will break its ATH). It's been in history and you can check it yourself that Bitcoin always got higher during Christmas and it's already near, and considering the fact that it's already been consolidating after the futures expired (and a big chance for SEC to approve a few ETFs), Bitcoin will definitely have a chance to break high values (at least double to $12k) and blast off the shorts, so we can say that we may have a sigh of relief once the bull run enter the markets.
2507  Other / Beginners & Help / Re: Want to get Merits?? Read this!! on: November 06, 2018, 03:13:22 PM
Many people that lack merit really have no wish to create content in order to contribute to the forum, but rather get away with a quick merit and be off to posting for their signature campaign. What is more important is to have the right mindset, and maintain a contributive will there on. That requires time and effort which, unfortunately, is not amongst many posters priorities.


It's true that people don't really look in their ownself and make a checklist and point down their mistakes and decide whether they can really overcome them or need to deal with them. It's good to paper out things as it helps to know ourselves better. Few posters who don't know better English, have merits through local posts but I've even seen many shitposters spamming the local boards as well because there's no spanky level of moderation in those boards. So, instead of watching out for merits, it's extremely necessary for these newbies to please take into account what they're best at, and as well excel more through learning because nobody here would have been eligible to earn but their skills and abilities are what keeps them out of the box, as they outsmart others and get rewarded - be it in merits or BTC (signature campaigns).
2508  Bitcoin / Bitcoin Discussion / Re: Hollywood Votes for Bitcoin: Gwyneth Paltrow Joins the Game? on: November 06, 2018, 02:14:20 PM
Under no doubt has Bitcoins attracted many great personalities, and Gwyneth is one example of them joining the great digital revolution which completed 10 years on 31st October (congratulations to everyone here for the same). Bitcoin has grown in everyone's hearts to such levels that it has become the most favorite, super-promising, hilariously high-return asset, and for most people here, it has become a source of earnings through which some developing world's people can earn an income they can't even get through their 9-to-5 jobs. Glad to see that such support is still coming while many countries are backfiring to their citizens trying to stop them use this.


I am not at all surprised by this, because the interest in cryptocurrency today is a normal phenomenon. Why can't stars and actors buy bitcoin? Why they can't read and share news about cryptocurrency. Everyone wants his money to work and the cryptocurrency market is one of those places where you can multiply your savings if you make the right contribution.
Today, a huge number of celebrities and politicians are talking about cryptocurrency because it is at least relevant!

Few do it for the purpose of their own publicity, others do it if they've invested higher or have bought even at current rates and want to make a quick buck with it. It's actually surprising because many Governments are stepping in and are not even interested in regulating it, but instead stopping everyone from investing in crypto.
2509  Economy / Trading Discussion / Re: looking someone who teach me Trading. on: November 02, 2018, 08:19:01 AM
Hi,
It's Isabelle. Jaden Wants to Learn Trading (IQ Option or Olymp trade)

As everyone here stated that binary trading is risky, I would say that it's still possible to first learn and then earn through it because you're allowed to do practice trading on margins and it is quite similar to what you see in the real mode, the only difference is the type of broker you choose (as there are brokers who immediately play/manipulate the markets once your position is going to reach its end point of time and make you lose). You need to have an edge while choosing one because when you're betting your money on something, it's not just the thing that needs to be genuine, but the place where you're betting and the people are also required to be genuine. Rather than that, if you ask about learning, then experience is your best friend as well as great teacher, so instead of going for a specific person,:
Try to learn and follow more,
Diversify your investments,
Learn from your mistakes and note them on a paper so not to repeat in future,
Note down your better points and use them as principles while trading ahead.
2510  Economy / Economics / Re: If you had 10000$ on: November 02, 2018, 06:28:01 AM
Obviously, I would prefer to invest in an ICO with half. At the moment, I think a lot of the few in the price of ico is almost one in 10. It could be a sensible choice. I would continue to look at the opportunities with the other half.

Choosing an ICO with such high amount ($5000 based on your comment) is like throwing away your money into a magic well thinking of it to come up with something fortunate enough to fulfill your dreams, but as of now, you must be aware of the fact that most of these ICOs turn into scam in no time, few come and go immediately, others after some time and those who are genuine, are also sent to ground levels due to the fact that they were unable to deliver what's said in their brochure (whitepaper). Think at least hundred times before investing in ICOs as very least ICOs will actually do what they've took the investors' funds for. Bqx is one great project that I follow and have invested some of my maintained portfolio, finding gems such as this takes too much of subtle research and true sense.
2511  Economy / Trading Discussion / Re: Journey from gambling to trading on: November 01, 2018, 03:57:42 PM

I consider trading as one type of gambling only, because when you do it unknowingly (or even if you know about your trade), and it goes against you (your bad luck or if you enter at the wrong time), then it is totally a gamble of your money only. While you're talking about learning only, take one from me - When there's blood on the streets, buy it on as it'll only give you profits but for that, keep watching the whole market and only buy when it shows any signs of recovery and only buy when all coins show a recovery of at least 5-7% of gains. It's not really good to put your complete money into one, diversify - but only diversify them into the best projects into a 50-50, 30-30-40 or 60-40 ratio. Don't put what you can't afford to lose, use an amount that you're not worried about even in the loss case.
2512  Economy / Speculation / Re: How high do you think or hope bitcoin price to go up next year? on: November 01, 2018, 03:32:06 PM
Bitcoin has been constantly trying to break the resistance levels above $7200, but the shorts were so strong that bulls were not able to kick off the nosedives that took place when these shorts entered the markets before. Take my advice with a pinch of salt, and with that said, I'd like to say that Bitcoin is currently going to show some moves and might even cross the older much-awaited $10k mark once again this year (don't know when but before the end of this year). I see bulls breaking the barriers once again by eating out shorts steadily, so once again there seems that the fight is now going to be heated up real hard.
2513  Economy / Economics / Re: If you had 10000$ on: November 01, 2018, 10:56:22 AM
If you had 10000$ where would you invest it?  I'm hoping for 10x in about 2 years, how would you personally split that money? There are so many altcoins that I dont know which to pick, I remember the top 5 altcoins from years ago and  now they are all gone, so should I only invest in  BTC end ETH or others like NEO, ADA and EOS?

There have always been, and will always be some specific altcoins that will have the potential to do more than your expectations (here:10x) in less than the amount of time you've mentioned (2 years). Bitcoin, on one hand, is actually a safe-haven bet but not something you could expect a 10x from (anything could happen but I'm not sure if BTC would go 60-70k so easy, though making it through alts (Pundi X, Sharder are my best bets to make at least 20x during 2 years period) is possible based on the facts that Pundi X is a real great project that's trying to bind all the alts and community into one through its XPOS program while Sharder is one other project I believe which could easily do a 3-5x in short term (and its marketcap is really low atm).
2514  Other / Beginners & Help / Re: What happens when a wallet file is stolen? on: November 01, 2018, 05:02:26 AM
Will the bitcoin are gone forever or there is a way to recover them?

Depends on whether it had any Bitcoins in it first of all (empty wallet won't get the hacker anything), second is the password (if set) and third is the phrase that can be used if password needs to be reset based on the forgotten password attribute. Though the wallet file contains all the information from having the private key(s) of your address (es) and all their transactions, it's next to impossible to decrypt those private keys and the only way to steal everything is to know the password - so setting up a strong password is the key to save your coins from being stolen.
2515  Economy / Economics / Re: The US dollar is gaining strength on: October 30, 2018, 05:49:44 PM
The growth of USD is by far a major reason why we are currently seeing a drawback in the number of investors for crypto markets because it's a currency - something that's physical and could give small, but stable returns. I've been watching this USD since 3 years and this time, it has really picked up too much incredible strength that's powering it to kill almost all currencies (why is by far not so good for forex dealers of partner countries). Due to the fact that the value of USD is strengthening in terms of different currencies (fiat), so are investors mostly investing in USD itself thinking of it to be the ^safe haven^ and when we know that all the alts (including Bitcoin as major one) are seen in USD to calculate their market cap, it is a must for all the alts to stabilize and get to their real values before a new bull run starts.
2516  Economy / Speculation / Re: How is bitcoin this year on: October 30, 2018, 05:14:29 AM
Good evening, I have a few questions with the current state of bitcoin, whether in 2019 bitcoin will rise again or decrease, the question I made is based on the number of ico and selfdrops starting to develop, Huh Huh Huh

Stop comparing two completely different things. Yeah, I know that Bitcoin and alts are somewhat called the same - cryptocurrencies, but the cost needed to pay to buy each of them is different based on many factors. I don't believe alts are following the movement of Bitcoins, but yes, Bitcoin had a freefall due to investors taking out their money from such ICOs which failed to fulfill their promises they were launched for, and trust me, the number is really big. That's one of the major reasons why we saw a big drop in the total crypto market cap. Bitcoin is here (at its current price) due to many reasons, but it's good that it's not so volatile these days and following a stable trend except those tricky pumps happening to sweep innocent people's money and put it in the hands of exchanges itself.


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in this case whether the altcoin will follow the movement of Bitcoin or even bitcoin will lose,

people will still choose Bitcoin as a coin investment or choose altcoin as a short-term investment ..


we see next year .. Grin Grin Grin

As said, alts are losing significantly because the use case has never been met and due to the fear that crypto might go dead any time (government interference, money being swiped off, etc.), people (under the FUD influence) are selling their coins dirt cheap - the same scene as banks that if all of their customers suddenly stand up and ask for their money's withdrawal, even banks will pull their hands off and go bankrupt - a case of lower demand where speculation ends up harshly due to public interest diminishing. No doubt that if alts are here to stay and go bullish, Bitcoin needs to stand and remain bullish as well but to what I've observed, alts don't follow the exact same BTC pattern and either side needs to wait till one holds dominance.
2517  Bitcoin / Bitcoin Discussion / Re: The Bitcoin ATM Is Coming at a Location Near You??? on: October 25, 2018, 05:13:57 PM
It's not just about an ATM anymore, but a big fight against us had been conducted and ongoing in India (where I live) by Reserve Bank of India, but even after both the Government and RBI going mad over Bitcoins, the country got its first ever Bitcoin ATM by Unocoin - a reputed Bitcoin exchange in India. Though, both the co-founders got arrested for not taking any special permissions needed by the state government in order to go ahead and install such ATM. Amidst RBI's "cryptocurrencies illegal" announcements, Unocoin guys had guts to get ahead and put up an ATM when the heads of Government and RBI both are on fire - hat's off to them for their actions - https://yourstory.com/2018/10/second-co-founder-unocoin-arrested-setting-indias-bitcoin-atm/
2518  Other / Beginners & Help / Fear about merits. on: October 20, 2018, 08:34:31 AM
Most people here are scared about merits as to how they can earn it, but to my knowledge, its importance is being spread very wrongly here. Everyone here focuses too much on the expected results (merits) instead of doing what it needs to get them. Seriously, you're being misled by others that it's damn hard to earn them, instead it's just like you do what you do best - like showing some art, giving some quality services, adding something interesting to the discussion or starting an interesting discussion yourself. Below is a post that I found in a Signature campaign thread which gained 2 merits total from 2 different users as they found that post interesting:

I'm going to be unable to pick someone today unfortunately. It's more difficult than I expected to narrow it down to one person, so I'm going to need an extra day to do so.


Click on the quote and see the received merits, this shows that sometimes you get merited for fun as well.

Don't post irrelevant things.
When you post, at least try to add something new that's relevant to the topic and don't plunge into topics you don't have relevant knowledge about, because then you'll not really add anything to the discussion but you'll be responsible to make a fool of yourself.

Now, about the actual fear that I personally have:
This, I was going to ask here, then tried myself. I actually wanted to know that if I give merits 2 times to a user on a single (same) post, will it show it on their post or not? Yet, I made a mistake. I wanted to merit the user with 2 merits at first, and then 1 at second, but I accidentally refreshed the page, and to my surprise, the user got credited with 4 merits total by me on their post. You can find the post here: https://bitcointalk.org/index.php?topic=3576976.msg36441454#msg36441454

This shows that not only are merits our liability to give, but also a responsibility to be handled with too much care. Finally, about the observation: I concluded that the number of merits I gave him can be seen as totalled when we see it above their post, but we can see the exact number of merits given for each time when we click merits and browse and check it under the merits received in the last 120 days part.

Read this thread as well: https://bitcointalk.org/index.php?topic=5030752.msg45824612#msg45824612
Use your merits responsibly, don't give too much and just be you if your only intention to be here is not signature campaign as trying to make the exception (those who are here just for BTC) understand this is useless.
2519  Other / Beginners & Help / Re: Signature Campaign | How to join? on: October 20, 2018, 08:12:15 AM
@OP, nice explanation with all the screenshots to make newbies easily understand the process of joining a signature campaign, but I guess earning should be the last motive here on the forum, because signature campaigns are all about the usefulness of the hired members to the company where they expose their skills by making qualified posts* and contribute to the forum. When it's about the beginning, newbies shouldn't focus on signature campaigns directly because that's the only reason why we see a huge number of shitposts increasing everyday as these people are lured to just post anything and make money. Money can't be earned without work, and the work here is to gain knowledge, a lot of knowledge that they need to talk meaningfully.

P.S.: My thread where I disclosed the reason why I gave 4 merits to OP's post:
https://bitcointalk.org/index.php?topic=5053906.msg47074974#msg47074974
2520  Other / Beginners & Help / Re: Stop searching for merits and you will received them.- see Smerit as liabilities on: October 18, 2018, 09:10:47 AM
(1). "Stop searching for merit and you will get them i.e stop commenting or posting just to get merits." so I stop and to my surprise I got merited for the first time in this forum and the funny part is, it was not even my best comment (in which i was using to search for the merits).

To my knowledge, this is the best thing the guy said to you. It's like - when we try to do too much for a thing, we sometimes do the karma wrongly and in hurries and worries, you won't be able to conquer over your fears and won't win anything. Keep calm, keep posting quality content, stop thinking about merits and you'll probably get one on any of them by an understanding member any time.
Not going personal, but to what I think, the Sr. Member must be DdmrDdmr. Tongue

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(2). I should see Smerit as liabilities to myself and an Asset to others and give them away to deserving users immediately I get them. I did that few days ago and i just notice that merit i sent save another user from being demoted.


All I'm saying is, instead of commenting/posting to get merits do those act to add value to other. Hopping this post inspire someone to do the right thing.

Edited: Take this post as an example, it was written to advice others and now it is getting the merits I never had.

No doubt this proved to be an inspiration for everyone out there (including me) and I confess I used to be lazy enough to check any meritable posts out here, but now I promise to be very firm on this to save any user that deserves to remain a part of the forum as well as achieve something that we've already achieved because if we can't use our talent (here: merits), it's useless.

Quoting a post from a different user here for everyone to know more on what they actually receive and make them aware of their liability as well:

Hi guys, new here. After reading thru all the necessary threads for newbies, it is still unclear as to who can award merits. Is it only after u reach a certain rank? or is it only specific people are allowed?
A quick summary to answer your question:

1. Users with a rank of Member or above before the 24th of January 2018 received an initial and onetime only airdrop of smerit (spendable merit).

The amount received in terms of global forum aggregate was around 600k as theymos disclosed.

The quantity the above users received in the airdrop is based on the following formula also disclosed by theymos:

Code:
yearActivity = activity in the last ~year, max 378
freeMerit = the merit (not sMerit) you started with
modifier =
  0.1 if member
  0.2 if full member
  0.25 if sr member
  0.35 if hero
  0.4 if legendary

return (yearActivity/378) * modifier * freeMerit

So if you were a member you would have received during the initial airdrop 1 smerit at most, a full member would receive 20 at most and so on.

2. There are also 80 users that act as official merit sources and may award up to 18500 smerits per month between them. These sources are not public and do it voluntarily, being users of a certain status and degree of respect. Their monthly smerit does renew each month (with certain rules) and constitutes the only renewing smerit in the system.

3.Every time any user receives merit, he gets half that amount of smerits to send to others at his discretion. Halves are not allowed, so the basic idea is that for every cumulative of 2 that you receive you get 1 smerit to send. Sent smerit is not renewed (do not confuse smerit with merit; your merit counter never decreases).

Theses are the basis to merit generation. The ethical side to sending merit vouches for you to send them to posts that you find are contributive to the forum (helping others, knowledgeable, good point of view even if you don’t agree, etc.). Merit abuse may be pursued  (I.e. Ill use of smerit, which is a whole other another chapter).

Merit: this counter never decreases and is increased with every smerit you receive.
SMerit: this counter increases with every 2 cumulative smerits you receive (you get half) and decreases every time you send smerit to a post.
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