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2641  Bitcoin / Bitcoin Discussion / Re: Why government not take good step? on: January 24, 2021, 02:48:59 PM
Because the government still considers Bitcoin as a tool for money laundering and wants to control it.

It's not a crime if they're laundering money. It's their money, they can do whatever they like, but you are going to be put in jail for doing the same thing.
In China you can be put to death for counterfeiting money, which is one of the most bizarre things in the modern world. They print money, but if you do the same they'll kill you. They pretty much remained in the middle ages with laws.
2642  Bitcoin / Bitcoin Discussion / Re: Bitcoins bad publicity? on: January 24, 2021, 02:09:33 PM
This week The Bank Of America warned that Bitcoin is going to be a giant 'bubble' - 

For me it would be a bullish sign. If the banks are saying that it's going to be a bubble they obviously realize that we haven't seen the top yet.

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I dont think Banks are reliable 'barometers' when making Bitcoin predictions as I have seen so much negativity from them since 2017 - Now the Banks and Governments are talking about launching their own Crypto to complete with Bitcoin but surely this wont be decentralised so its not really going to be 'The internet of money' is it?

And you are right to think so, just like governments and their ponzi scheme allegations. If banks were reliable as investment barometers there wouldn't be a Cyprus bank bailout, a Greek crisis, Deutche Bank, and many, many more.
2643  Bitcoin / Legal / Re: do I pay capital gain tax on trades if don't cash out? on: January 24, 2021, 01:54:39 PM
Ugh sorry 1st post rookie here!  I am in the USA.  So it sounds like the moment I sell and make a profit I will be taxed even if I don't cash out.  It's not a huge amount if that matters.  (around 30k)
If you do not want to tax your bitcoin when you exchange it, try looking for P2P exchanges or sell it to someone in cold hard cash. AFAIK if you sell it physically I think that no one will be taxed since you and the buyer does not have an in between in your transaction. What I do not get is that if it is not a huge amount then why still tax it right? There should be a threshold where this X amount of bitcoin is not taxed.

It's not that easy. If he bought on a registered exchange, especially if it was Coinbase or Gemini which report your every move, it's still possible for the government to track his sale and prove that he tried to avoid paying tax. The only way he can be safe is if he also bought on p2p or f2f from someone and sells for cash.
2644  Economy / Economics / Re: Is Bitcoin's price drop to 30K healthy? on: January 23, 2021, 04:39:09 PM
TA perspective - yes, because we went really far from the SMA. Every time an asset does something like this, it opens itself to a possible correction to the trend line.
Common sense -yes, because people will always want to take some profit at what they see as the top. The higher you go in a short time the more people want to take profit.
2645  Other / Politics & Society / Re: Joe Biden says transexuals can pick whatever sex they want to be. on: January 23, 2021, 03:19:35 PM
I mean the ladies are going to get fucked up in like mma, but hey equal rights.

In MMA you have the right to accept or decline a challenge. Nobody is going to make a female fight a transgender male, it's up to her.
Maybe set up a special trans league where all those hormone pumped boys, girls and fluids can duke it out?
2646  Economy / Economics / Re: Florida bank says it has closed Trump's accounts on: January 23, 2021, 03:08:14 PM
Trump should have started HODLing some Bitcoin when he became president. He could say fuck you to the banks by passing his coins around and show the public, “Look at me, you cannot censor me, I am using Bitcoin, screw you”.  Cool

If I'm not wrong there were hopes that Trump's administration would be crypto friendly because of the people that used to work there, like his advisor like Stephen Moore who moved from the Federal Reserve to start a crypto company in 2019. Trump also fired Anthony Scaramucci, who later made a lot of money investing in bitcoin. So Trump used to have a some crypto people around him and was seen as a businessman who understands the free market but really was against alternative investments. We could see that in the latest attempt to "regulate" crypto by Steven Mnuchin. I don't think he'll ever support or use bitcoin. He's stubborn like Warren.
2647  Economy / Speculation / Re: Bitcoin Cherry Burst at $41,515 Jan 8,2021 on: January 23, 2021, 02:22:53 PM
Even if we enter a bear market after this bull run and it takes us another 3 years to reach a new high, show me a better investment. I held coins since 2015 and obtained most of them below $1k. In the first 3 years i made 20x gain to ATH, even after the pullbacks in 2018 my coins were still worth 5 times what I paid for them. Then 2 years later my profit was a whopping 40x!
If I kept money on a savings account, I'd probably make 10% in 5 years.
If I bought an apartment and rented it out I'd make 50%.
You think I'm afraid of a bear market? Please...
2648  Other / Politics & Society / Re: Joe Biden says transexuals can pick whatever sex they want to be. on: January 23, 2021, 02:02:07 PM
I agree with hormone divisions. We have weight divisions for the same purpose, because one day someone noticed that a 100kg wrestler will 9/10 times win against a 50 kg wrestler. Since there are women who have incredible muscle mass and look like men on steroids, why not put them up against men in competitions? It's pretty much the same with transgender people. You can feel like whoever you like for all I care. If you feel like a lion, you can jump into a cage with lions, I won't shed a tear, but the competitions should be made so that 30 year old pervs who think they're teenage girls are not allowed to compete in sports against those girls.
2649  Bitcoin / Bitcoin Discussion / Re: How often are people really hacked out of their BTC? on: January 23, 2021, 01:48:17 PM
Hacking is used a bit too often when people describe the events that took place. For instance, when an exchange they're using is broken into, to an average user it's a loss due to hacking, but when they install malware and that compromises their device, they'll also say they were hacked. Personally, I'd only say that i got hacked if someone was able to gain access to my device through sim spoofing, wifi packet sniffing or similar ways. I don't know anybody who really got hacked. Many people lost money on exchanges but it's not their security that was compromised so they did not really get hacked, but a third party they trusted.
2650  Bitcoin / Legal / Re: Owner of Bitcoin Exchange Sentenced to Prison for Money Laundering on: January 17, 2021, 10:55:29 PM
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According to trial evidence, Iossifov owned and managed RG Coins, a cryptocurrency exchange headquartered in Sofia, Bulgaria.
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U.S. District Court Judge Robert E. Weir sentenced Rossen G. Iossifov, 53, formerly of Bulgaria,

Did he now get a U.S. citizenship, since he was trialed and incarcerated in the U.S. and is referred to as a former citizen of Bulgaria? Regardless, it's funny that people who run many different types of businesses around the world sometimes find themselves in conflict with the U.S. law and get transported there, judged and sentenced to serve in local jails with all the local cream of the crop.
2651  Other / Politics & Society / Re: Tech Giants are setting dangerous precedents, and society is at risk. on: January 17, 2021, 10:38:05 PM
It was always a debate about public vs private. If you had a small forum, would you block people for comments that you don't support,

nonsense idiot spam not an issue. if an idiot wants to prove he is even more of an idiot. go ahead
but malicious messages that can cause harm to others. BAN
EG idiots that spam messages advertising people should drink bleach to cure things. ban them

But who is going to decide if the poster is an idiot? Is every social media platform going to employ a psychiatrist? There are obvious cases like your bleach guys or those who used to do tide pot challenge, but sometimes there are opinions supported by large groups of people like this so called "fluid gender", scientology, flat earth, and many other things. We all know that some ideas are laughed at and called stupid until too many people support them and you begin to find yourself in the minority. A nice example of this were countries that underwent radicalization like Iran.
2652  Bitcoin / Bitcoin Discussion / Re: The Problems of Bitcoin (yes there are some) on: January 17, 2021, 10:26:24 PM
- No charge-back option (this is both pro and con)
Explain yourself better.

He would like to be able to buy an item online, wait for it to get to him and then say he changed his mind and get his bitcoins back with one click. Or, he'd like to use the chargeback scam, known from paypal, with a small difference that this time the transaction wouldn't have his name on it, only an anonymous bitcoin address.
Consumers love chargeback because they give them an edge over merchants. You won't find merchants complaining about the lack of this option.
2653  Bitcoin / Bitcoin Discussion / Re: Here's why I'm leaving Bitcoin on: January 17, 2021, 10:15:34 PM
So that guy who sleeps in a twig hut has electricity, Internet, a smartphone or a computer, knows about bitcoin and how to use it... Strange at the very least.

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But it had been a while since he had gotten some satoshis at a good price.

What is a good price? Is 10k a good price? 15k? 20k? For many people 35k is a good price because there's millions of USD traded for bitcoin every day.
2654  Bitcoin / Bitcoin Discussion / Re: When to take profit from your current bitcoin holding. on: January 17, 2021, 10:01:14 PM
I think now is the last call for take profit.  The halving effect is end and we must wait others 3 years.it is not to be determined whether it will collapse but when it will collapse. in particular, miners who have purchased latest generation equipment will tend to sell to return without finding who is buying. The $ 40k is just a red herring to sell miners. The sellers themselves tend to keep the price high, when they have sold the miners there will be the effect described above.

Are you some kind of prophet? You remind me of those people who a few weeks ago were hyped about the new high and predicted 100k in 2021. It's those people who, like you, are now saying that we're entering the bear market when no charts are showing it yet. This would actually be the first bear market to start without a serious crash. The weakest and most boring turnaround ever.
If people like you are getting out now it means we're about to enter the real bull run where some of you will exit the market with regret and some others will wait and then buy the top.
2655  Bitcoin / Bitcoin Discussion / Re: Banks hope to issue their own "bitcoins" to fight BTC on: January 16, 2021, 05:45:42 PM
I was 100% confident that CBDCs will be created not to compete with Bitcoin or replace it, CBDC is the evolution of fiat money. However, the last event show that the banks take Bitcoin more serious than ever.

They are because they see that their position is becoming weaker. They need bailouts and can go bankrupt while cryptocurrencies don't (at least decentralized ones) and people are becoming less interested in keeping fiat money on their accounts because of extremely low interest rates. They're hoping people will continue to take loans they can afford because if too many people lose their jobs and stop paying they're done and it's bailout or bankruptcy. IMO there's no competition between them and bitcoin. Bitcoin is going its own way and surviving against all odds.
2656  Other / Politics & Society / Re: Tech Giants are setting dangerous precedents, and society is at risk. on: January 16, 2021, 05:28:13 PM
It was always a debate about public vs private. If you had a small forum, would you block people for comments that you don't support, or would you allow all of them to say whatever they like as long as it's not spam? I'm asking because all of the social media like Twitter are private and they allow people to post to some extent. There are things they block, like racism, but if you start banning people for their comments you will naturally have to draw a line somewhere and this line is going to move back and forth depending on whether a certain group can persuade you.
For example, you decide to ban nonsense, so naturally if someone comes to the forum and says people can breathe in space, you'll delete it. Then, a group of people will argue the Earth is flat, you'll ban them. Then some bigger group will come to argue there's more than 2 genders...
2657  Bitcoin / Bitcoin Discussion / Re: Sorry guys.. Bitcoin is not for our day-to-day transactions. on: January 16, 2021, 04:52:22 PM
(...)your dream will get fulfilled one day but after that you may regret for spending bitcoins for lesser value or for silly things.

What are those silly things you're talking about? Are groceries silly? I wouldn't say that sustaining yourself is unimportant. I hold to buy things in future, that's a fact. I don't see any other use for bitcoin outside of speculation/trading and saving up to buy things. I'm sure one day I'll be able to do it and believe me, I will not regret it. The ultimate goal of every type of money is to buy us things we need. Without this currencies would be useless. What is silly and what is not is a matter of perspective. For someone who lives in the South Africa, a winter coat will be useless, but someone in Finland will not be able to live without it.
2658  Economy / Economics / Re: Tesla overtake Amazon? on: January 10, 2021, 07:56:59 PM
We'll see how much they'll lose on their future wives. These days whoever doesn't get married makes more money and gets a better position in Forbes.
Jokes aside I feel like Musk and his SpaceX are going to dominate. He took a huge risk investing in a space program and it went great. I predict that in future he's going to make more money this way than  by selling cars.
2659  Bitcoin / Bitcoin Discussion / Re: If a BTC portfolio gains millions of dollars... on: January 10, 2021, 07:46:22 PM
I wouldn't want to risk it and convert all my coins to one type of fiat currency deposited into a single bank account. This would go against the values that I try to uphold and against everything that bitcoin stands for. Let's speculate for the purpose of answering you. If I wanted to convert millions, I'd divide it not only between banks but whole currencies and people. I'd convert as much as possible into cash, so that the government wouldn't get tipped off, set up a foreign bank account, probably in Estonia or Switzerland and convert some of my coins into Euro, then make sure my wife gets a different bank account and does the same thing.
2660  Other / Politics & Society / Re: Pope arrested on: January 10, 2021, 07:05:07 PM
This news is not true. Who is going to arrest the Pope? The same people who worship him like a god? Even if he is caught molesting a child no one will have the courage to arrest him because he is believed to be above the law.

Actually he's the head of the Vatican and has his own personal guard. You can't simply come in and arrest him. All they'd be able to do is issue a formal letter asking him to agree to a formal hearing and so on. In a way he's a diplomat with immunity, same as a foreign ambassador. You don't arrest people like him.
Of course he was not arrested and the whole article is bullshit.
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