$ 3000 is a psychological limit, I'm sure it can't be below that.
People said the same back in the day of it being 'impossible' for the price to fall below the ATH of previous bubbles. That meant $266 for April 2013 though calling that a bubble in itself was pushing it. Then it managed $160 in 2015. There is no psychological limit. There'll be bots botting and traders who only scalp and don't care about the headline price as long as the movements make them money. They decide the price rather more than the sweating kiddies who haven't bought or sold for several years. If enough people do run screaming then the chances are another crop will be along at a lower price. They'll be hardened to stuff like this and will probably sell at the top of the next bubble. |
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But we can't certain what advise he gives to North Korea though, obviously there will be no videos here. But let's see what US Attorney will present in this case.
It kind of reminds me of them trying to class encryption software as munitions to illegalise its export. He'll be regarded as wee knowledge bomb and they may not care what he actually came out with on the day. An incredibly dimwitted move on his part. Even crypto dumbos know the DPRK have something to do with crypto and it's not for the greater good. Regardless of the injustice of this, it's one hell of a lot easier to simply say no thanks and get on with your life. |
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if you do everything by the book, it's a nightmare. but what percentage of crypto investors do you think actually report gains after every purchase? probably a low single digit percentage. after all, there is zero tax reporting on the merchant side or KYC when buying goods/services.
Dunno. But I wouldn't want to be planting future pain for myself. Maybe one day they'll get super hot software that effortlessly tracks every purchase ever made and go to town. The merchant addresses will be known and many of the personal addresses will be linked to IDs as well. And congrats on your legendariness. It's exceedingly well deserved. |
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As we found out with Bitpay, it all depends on the circumstances. Their insurance claim was denied after they sustained a 5,000 BTC loss from a spearphishing attack. It sounds like Coinbase's policy would cover a typical hot wallet hack scenario. What is a typical hot wallet hack? Most of the reported ones were probably inside jobs. It looks like Bitpay underwent what's likely to be the most common technique and blithely assumed they'd be covered. I wouldn't have paid them out either though. I wonder whether Coinbase sat down with the insurer and spelled out or had it spelled what scenarios would be covered or not. |
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New ATH only in 2021.
If it's to happen again this is when I'll be expecting it at the earliest. I don't think 2020 is going to bring much. He's admitted to being clueless as to what's happening at various points since his original much quoted chart fell apart. Am interested to hear what he has to say but he proved to be mortal just like everyone else in the end. |
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With time, more legacy financial institutions will offer custody services, which should translate into a Coinbase exodus because it's more convenient for people to entrust the institutions they are familiar with than a native crypto company. More competition is welcome.
I wonder. It's definitely healthier to be spread around but there may be an element of 'you go first' that stifles it. I would be more inclined to go with an operation that had been doing it for years with a flawless track record than some old stager that had recruited a bunch of cryptobro assholes and told them to get on with it. If that BTC is gone it's staying gone. I'd want devoted monks tending to it, not some clueless newly created subsidiary with little emotional investment. |
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Hopefully coinbase has insurance on the coins they're holding. I'm *almost* sure they're required to by the U.S. gov't.
Nah. There's no legal requirement for crypto insurance. The fiat will be covered by conventional banking policies. Note the wording here - https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured- 'all digital currency that Coinbase holds online is insured' so that means hot wallets only which is 2% of all funds. For all the rest you're in their hands entirely. And I wonder whether their policy would actually pay out for any of that 2%. |
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I stopped buying in 2014.
If I were buying now, of the poll choices $100 would signal that something was seriously screwed up. I could wrap my head around a move to $1000. When you think about it it's really not that far away and all these billions in market cap are entirely fictional anyway. $100 would be proper shitsville.
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Canada.
Although the Canadian government has not publicly announced that they are testing a state-backed cryptocurrency, the Canadian central has expressed interest in potentially issuing a digital asset controlled by the Central Bank which acts as a digital version of the Canadian Dollar. In July 2018, the Canadian Central Bank conducted a study called the “Central Bank Digital Currency and Monetary Policy” which highlighted the potential benefits of a state-backed digital asset.
Canada came up with Mintchip and abandoned the idea in 2014 or so. I wonder what's changed. If any of these come about the case for crypto will be several times stronger. The grip they'll have over your money will be far, far tighter with a governmentcoin than the current lash up of a system. |
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Isn't this the place that sprung KYC on people out of nowhere? And isn't it claiming to be decentralised in which case it would be impossible to have funds there in the first place?
At least it's an orderly exit but the KYC move was a dick move supreme.
According to that article they're coming back with a new exchange. That makes no sense. If this one don't pay then dragging an unknown one out of nowhere won't either.
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taxes would be the last reason to not be paying with bitcoins , the primary reason is the lack of businesses that would accept them first place
I spend rather more than I should. If that spending was taxable in the way it seems in the US I would likely stop doing it. Sounds like a right grind. |
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I think it's bitterness for many and that can swell to vast proportions and fuel people for years on end.
Depression can fade or morph. Bitterness can continue to Stoke itself.
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It only takes common sense, you can easily create an account here but asking a loan after a day or two days of creating a loan is very unusual if you are not offering collateral
It's not unusual. It's the norm. It goes to show the chronic lack of cognition many new arrivals show. All you'd have to do is spend a few seconds reading all the other sneering at such attempts to realise it's not worth bothering but they do it anyway. |
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That section of the forum would be abandoned if it weren't for the newbie zombies cunningly attempting to con members who've been here for years and seen it all. The old schoolers live for the sneering at them. I don't believe any actual lending ever takes place there.
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In my dictionary Hodl gives another meaning. true Hodlers don’t care about the price. BTC can be $10,000, $1,000,000, or even $1, I will still Hodl, forever. It means Hodling until I don't deal in fiat paper money ever again.
I would've thought a microscopic minority feel that way and even most of them are lying either to the world or themselves. Holding is just as much an investment strategy as trading your tits off. It just tends to be a more sensible option for most people. |
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Zilch. I did a pre black Friday treat and bought a VR headset from abroad. When it arrived the goddamn thing wouldn't fit over my head as it's gargantuan. Now I'm waiting for a post black Friday Ebay cut in fees to move it on.
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A LOT of people arrive in the last gasps of a bubble. This is why so many were turning people away I guess. Plenty of them will be in for a lengthy wait before being back in the black. I'm sure many if not most sold at a vast loss as that's what humans tend to do.
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that might sound crazy for a shop owner hearing something like virtual money may seem scam to them. if you happen to meet some ass kicking merchant and hear something like digital money, he's probably gong to call a cop friend. i wouldn't do that unless i find a logo "accepts bitcoin" within his shop.
I wouldn't wander from random shop to shop asking any old asshole and most of the time I would have little interest in paying in BTC. If it was going to be much more convenient for me to pay in BTC then I would suggest it and explain why. Anything abroad that won't do cards is just flat out painful so that would be the most likely scenario. |
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