I don't think some of the largest players in the crypto space created all of that drama and forked a coin just to let it die, because of this, I am definitely holding some bcc. Also, don't forget that Nov will have some challenges for bitcoin, I'd imagine this is when the BCC hype team will get going.

1/ I'm unfortunately serious about the Chinese ban on trading of Bitcoin and Ethereum along with ICOs - this has been confirmed by at least

2/ 3+ sources who I believe to be credible- I've had conversations w leading execs who are on the ground in China- Yes this time it's real

3/ so what's that mean? Well, at least for now the government of the People's Republic of China will NOT allow new trading of Bitcoin or

4/ other digital assets-- this comes from the highest levels in China - even above the PBOC - the word is not ambiguous from an exchange POV

4/ so unfortunately the exchanges are now frozen and in a wind down mode -- this is massive in China - but ultimately not for Bitcoin

5/ mining will be exempted and there are BILLIONS of dollars of wealth of Chinese citizens in Bitcoin so govt is cautious of mass revolt

6/ they will keep this low key and not issue any new statement - they don't want to look backwards or cause market meltdown

7/ but the order to ban exchange of digital assets in China is indeed real - I'm convinced that the sources I've spoken with are accurate

8/ result will be a quick period of a rising black market in China followed by more decentralized exchanges, global growth & tech solutions

9/ Chinese investors and HOLDers will quickly find a way to continue to exchange crappy govt fiat for sound money like Bitcoin

10/ it's sort of a Napster move by the Chinese govt: it will accelerate the bit torrent of Bitcoin exchange - & strengthen black market

11/ they will cave to this failure within a couple years, perhaps within a year -- many reasons: internal pressure / external competition

12/ but the ultimate pressure will be that this tech doesn't work well with regulations & honestly is very difficult to control

13/ Chinese citizens will still continue to HODL, buy, use and accumulate Bitcoin. Ultimately the govt will realize it can't stop this

I think its obvious, coming from a newbie account. As usual FUDers trying to sell us out. But if it is true and you could provide us a proof then good for you. I'd prefer holding my bitcoin rather than selling them.

these central banks are all privately owned by people who avoid publicity, and who have amassed considerable wealth by printing money and loaning it out to governments (what a scam).  They could be doing anything with their amassed wealth without anyone knowing.

I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.

Well, they sold today at at the dip near the $4000 double bottom.

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.

Chase is getting worse with cash deposits. They now request your ID when putting cash into your own account. It's a business account, businesses take cash for work. Oddly enough if I use the ATM and do a cash deposit no ID is required. Or a night deposit.  Go to a teller and they'll need an ID. I tried to ask why big brother was so bothersome, the last teller had no idea what I was referring to by big brother.

In a year that has seen digital currency prices go higher not by percentages but multiples, investors are starting to worry that things have gone a bit too far.

Bitcoin is now considered the "most crowded trade," as measured by sentiment in the monthly global Bank of America Merrill Lynch Fund Managers survey. That means investors believe there are too many people on one side of the trade and it could be due for a reversal.

Bitcoin's price has surged about 330 percent this year, the beneficiary of a jump in interest for the cryptocurrency and a growing field of competitors, as well as a flight to alternative assets and, some fear, a speculative bubble.

The Merrill survey is one of the most followed and respected on Wall Street. Conducted during the week that ended Thursday, more than 200 global fund managers with at least $600 billion under management were surveyed.

I wonder what is stopping him from dumping immediately at an international exchange. A dump might be on its way, but there is no reason why the price being transacted now should be very different from the market price of Bitcoin. What happens in the future depends on Chinese regulators.

Swarm Fund, which is holding an initial coin offering (ICO) on September 7.  Founded by early adopters and practitioners in digital currency, Swarm -- a decentralized, community marketplace built on blockchain technology -- has the mission of helping the market enter the mainstream in at least three ways.

The first way: how Swarm will help small investors use digital tokens to invest in real-world assets that are largely inaccessible to them -- for example, real estate.

I understand. I have done exactly what you suggested. I convinced him to learn more about crypto and he made his own decision to invest. We're also in mutual understanding that he must only invest what he is ready to lose. So when he puts 2000 USD into it, he is very well prepared to lose it all (if that ever happens, lol). I am nowhere to be blamed. I am just walking him through the process.

This is a little bit misleading as the transaction fee is not a function of the value of the transaction, it is a function of the number of input and outputs. So this just is a transaction which has confirmed with a 5 cent fee, the $500,000 value is just incidental to the transaction. The block size debate has not gone away, it has just been postponed till the number of transactions increase and the blocks start getting full again.

I don't understand why would we must pay for our investment and how do they tax cryptocurrency investment. Besides not every people treat bitcoin as property/investment, in fact people could say they exchange fiat to BTC and suddenly BTC value increasing

Talk about investing in Bitcoin and the news of people becoming ‘bitcoinnaires’ are almost everywhere these days – newspapers, TV’s, radio, and the Internet. However, one thing is missing from these stories: the tax man.
Yes, Virginia, Bitcoin is taxable

The IRS began issuing guidance on taxation of Bitcoin in March 2014. At that time, the agency announced that Bitcoin would be treated as property, with loss or gains being treated as capital loss or capital gains for tax purposes.

Readers are probably familiar with the many “rags-to-riches” stories about Bitcoin investors becoming millionaires almost overnight. Such stories abound, from the Idaho teenager who turned $1,000 into $1.1 mln and the Norwegian engineer who made $800,000 in profit off a $24 investment.

None of these stories mention the taxes these individuals paid...or didn’t pay.

Given Bitcoin’s crypto-anarchist roots, it’s perhaps not surprising that some seem to take the idea of taxation lightly. Many believe that since Bitcoin is pseudo-anonymous, there’s no way the IRS will find out about their taxable gains. Yet they may be wrong.

Bitcoin isn’t as anonymous as many think, as evidenced by the number of people in federal prison who paid in Bitcoin for child pornography or illegal drugs. There are a number of companies that scour the Blockchain, seeking to link Bitcoin accounts to their actual owners.

Earlier this month, the IRS was found to have been partnering with a company called Chainalysis to double down on its efforts to monitor Bitcoin traders who engage in high frequency and volume trading.

The IRS has recently been focusing on Coinbase, demanding that the exchange reveal the identity of anybody who traded more than $20,000 in Bitcoin per year between 2013 and 2015. The IRS is probably correct in their belief that many Bitcoin owners are evading taxes. In the year 2015, only 802 Americans told the IRS about their Bitcoin-related capital gains or losses, according to Fortune.

As new UN sanctions hit the increasingly isolated state, Pyongyang's premiere hacking group doubles-down on stealing Bitcoin.

North Korean hackers have been accused of the largest cyber heists the world has ever seen - and, as sanctions on the secretive state start to bite, Pyonyang's premiere hacking group has started stealing Bitcoin, too.

The cryptocurrency is perfectly suited for dodging sanctions, despite the ferocious volatility in its value, as payments are processed in a distributed manner rather than through a central authority.

New sanctions following North Korea's most recent nuclear test will hamper its ability to legitimately import gas and oil from China, but the nation retains an ability - and an increasing interest - in generating enormous revenues through cybercrime.

Evidence suggests that a North Korean government bureau has been conducting illicit economic activity for quite some time.

From 2015 through to 2016, a series of sophisticated cyber heists targeting the SWIFT global financial messaging service allowed a state-sponsored cybercrime collective, which researchers called the Lazarus Group, to steal millions of dollars.

Cybersecurity researchers linked the Lazarus Group to North Korea, although it is not known whether it is part of the secretive government bureau Office 39, or a group hired by Pyonyang's elite to fill their own coffers.

New research by cybersecurity firm FireEye's Luke McNamara describes North Korea's increasing interest in cryptocurrencies as an asset class, with the value of Bitcoin increasing by 400% since January of this year.

Mr McNamara notes how the secretive North Korean agency known informally as Office 39 has been a critical asset of the state by generating black market revenues since at least the 1970s.

It is estimated to bring $1bn a year through illicit activities, including counterfeiting US dollar currency, producing narcotics, and even smuggling gold.

FireEye's research noted how escalating economic sanctions against North Korea were accompanied by an upsurge in spearphishing campaigns targeting South Korean cryptocurrency exchanges.

Targeting the exchanges rather than simply the Bitcoin itself offers the attackers an opportunity to anonymise the thefts or withdraw the digital cash for fiat currencies such as the South Korean won, US dollar or Chinese renminbi.

Volume is just volume, in reality it doesn't mean most "bought".
Lot's of pnd'ing /fake volume.

The so called report collected from trusted sources within Chinese officials is probably nothing more than something that a trader who had significant amounts of short positions piled up, leveraged, ready to make a profit commissioning these news reporters to make up news from thin air.

I. The Essential Attributes of Fundraising Through Coin Offering

Financing through coin offerings refer to financing bodies raising virtual currencies such as Bitcoin or Ethereum from investors through illegal sales and circulation of crypto currency or tokens. Such offerings, in essence, are unauthorized and illegal public fundraising and are suspected of involving in criminal activities such as illegal selling of tokens, illegal issuance of securities, illegal fundraising, financial fraud and pyramid schemes. The competent authorities will closely monitor the related developments, strengthen coordination with the judicial departments and local governments, strictly enforce the law and work based on the current mechanism, and resolutely clamp down on market irregularities. Any suspected crimes, once identified, will be transferred to judicial department.

The token or “virtual currency” used in coin offerings are not issued by the monetary authority. Such currency does not have characteristics of money such as legal tender status and mandatory use, has no legal status equivalent to money, and cannot be circulated or used as currency in the market.

II. No Organizations or Individuals Shall Engage in Illegal Fundraising through Coin Offering

From the date of release of this Notice, fundraising through coin offering shall be banned immediately. Any individuals or organizations that have completed fundraising through coin offering shall make arrangements to return the funds raised, and to ensure that the legitimate rights and interests of the investors are protected and the risks involved are properly managed. The government departments concerned will strictly investigate and address the coin offering activities that have continued despite the ban and the illegal activities in the projects that had completed fundraising.

I could see $55K if there weren't thousands of coins and ICO's popping up everywhere.