i always tell people to not use faucets ever, even as a newbie and the funny thing is that i found out about bitcoin through faucets
some day someone on some forum was talking about earning lots of bitcoin from this site (it was a faucet) and then you can buy stuff with it easily and lot of other advertisement and i started using bitcoin that way and have never looked back.

although that rule alone is not useful but i agree that it is always a good thing to have in the back of your head.
it is like what i always say whenever you see a topic on bitcointalk telling you to buy a coin it means that either price has already risen and they want to cash out or the price is falling and they want to slow it down.
and this is easily confirmable by checking out that particular topic in a week or two and check the dates with the prices, you can see why they did say that.

everything in the market right now and also the history shows that a mega pump of size $2800 is not possible and there is nobody who is willing to pay that much for bitcoin in  a short time. if pumps were possible, price would have been $1200 back at the time of block halving when everything was the hottest possible.

the problem with this suggestion is that it is assuming every country in the world is going to come to a consensus about using a single unit for currency and we all know that there has never been any case in which all countries agreed upon and when it is about their financial matters the situation is even worse. and it is not just the government, the people also are not going for it.

maybe the problem is that they are not offering anything different. i mean when i am trading on an old exchange already and i am satisfied with some features and dislike others i will never look for another copy of the same place with the same features.

but if they try to be more innovative on their platform, offer features that other places don't and maybe even have some competitive fees (not the same 0.2%) they could have become more successful!

because litecoin has always been the number 2 coin and this has never changed over the years (about 6 or 7 years i think) and being number 2 is not only about the marketcap or any of those stupid stats but it is about how long a coin can survive with somewhat the same price even after a couple of years.

i also don't agree on 99.9%!

as long as we are living in a society and we abide by the law, we can not, not pay taxes. nobody likes paying taxes and there is not denying that but not paying taxes on your income means doing something illegal and it doesn't matter if it is with bitcoin income or fiat income.

the bold part is a big fat lie because first of all trading is risky and it is 10 times riskier for those who have no experience in trading. then it gets another 10 times riskier if you are relying on some random dude on the internet to tell you what and when to trade!

and as for earning, making money in forex is mostly dependent on how much you invest and how experienced you are to be able to use the chances to make profit on the amount you invested. for newbies it means losing money.

there are so many things wrong with a government created cryptocurrency. first of all what cryptocurrencies offer is decentralization not only for mining and making of new coins but also in holding and handling all your money and transactions and if you take it out of the cryptocurrency then it would be only an extra useless thing that is burning away resources!

that is why i think one of the things where banks talk about blockchain is only their internal transactions and adding more security to that not actually creating a new currency similar to bitcoin.

if anybody wants to understand what the meaning of a bubble is they can understand it clearly by only looking at price charts of ZCash, this coin has been the clear image of a bubble from the very start and this bubble has been bursting ever since the first day it hit the market.

my speculation is a continued drop until final death and with the big mining reward and them dumping on the market and the follow up panic sales it will continue to be bad.

^^ whenever you dedicate your business to only one thing you are signing your own failure so if and altcoin is only for gambling or if the other way is true meaning a gambling site is only accepting one altcoin they will fail because of lack of revenue.

and to answer OP it is all about profit, if the users are so interested in a particular altcoin and want to spend it, then if a gambling site adds it they will make money it doesn't work the other way around.

this is a classic concern that has existed even from the beginning of bitcoin because of the limited and fixed number of coins that can ever be available. but luckily there are too many coins that lots of losses are lost among them and there is always 8 decimal points to work with.

a friend of mine is looking to buy a hardware wallet and when he asked me i could only tell him about https://bitcoin.org/en/choose-your-wallet hardware section.

but can anyone give me some feedback on each of these like their prices and any possible issues if you are personally using one of these?

also are there any more than 4 on bitcoin.org that weren't listed? if so why aren't they listed?


Thanks, i close this topic since i don't think i am going to get any more than that.

have you compared the charts lately? if not do it now.

with each bitcoin price rise there is 2x dump on each altcoin market. so if bitcoin was pumped hardly ETH would have died and ETC would have turned into ash.

Coinbase is based in US (San Francisco, California) only a fool thinks a big place with more than 3 million users and 5+K USD daily volume has not yet given information to IRS

it has only became public recently.

and by the way this has nothing to do with what i said about paying taxes on everything else except bitcoin!

this was very interesting. i did not know that.
Can you list the altcoins (that are still alive today) that went up back in 2013?
i could only check litecoin which went up to $48.48 when bitcoin went up!


what happens now is that when bitcoin price goes up against USD other altcoins lose value against in BTC to stay the same value in USD but the dump causes more dump and price falls even more.

also at the same time people sell their altcoins to buy more bitcoin which causes more drop.

to me the stupid thing about topics like this is that people are already paying taxes to IRS or their country tax agency for everything else they do, they pay it when they trade, when they invest, they buy stuff or generally when they live and breathe air! so why is it always a big deal when it comes to paying taxes when "trading bitcoin"

there may be some small dumps as we near new year and Christmas because of the amount of liquidity people usually need these days. but OP really needs to start looking at the charts for longer periods than what he was seeing at the time of writing his comment.

what you are asking is such a basic question which needs you to learn basics of trading. and it is not possible to fit in in a comment here.
for that there are countless resources online and offline (books,...) which you can read. you can use google to find them.

example: investopedia.com

also you can read the speculations boards, and trading discussion for some additional information.

i would love another pump just as much as the other guy.
but with the recent bitcoin price rise which was another $40 (right now it is $777.7) i don't see ethereum being able to recover any time soon since it usually drops when BTC goes up.

ETH had another decline today BTW