I am yet to witness any such improvement here in India. As a part of the COVID relief package, the finance minister has said that incentives would be given for making digital payments more popular. But here, "digital payments" mean fiat payments using digital mode such as PayTM and PayPal and not cryptocurrency. Bitcoin is still not 100% legal here.
It's not going to happen in the near future, with or without the lockdown, for the following reasons: - The uncertainty of this situation and the halving will be an incentive to hold bitcoin and spend fiat
- The main advantage of Bitcoin over your normal bank transfer is that you can move large amounts cheap and fast. During lockdown people are interested in buying food and clothes, not cars, boats and houses.
|
|
|
|
I doubt the topic starter has this amount at all. He just posted this and never replied. Didn't want to hear out anybody, just burped out a question and left
I also have doubts that somebody would keep half a million USD in an online wallet, but there are such careless people out there. You just have to read the forusm to find out about people who held their life savings on MtGox or BTCe... Get a hardware wallet! Paying $100 to secure 100k USD is really a small price to pay. Have 400k and you're still not doing it? Pure craziness. You're like that guy who climbs without a safety rope. |
|
|
|
I'd never give away my privacy for convenience or easy access that's probably why I'm all in Bitcoin and not all in EUR or USD. For the government to be able to be able to trace you depends on the exchange that you’re making use of. If you make use of centralized exchanges to buy cryptocurrency, the government are going to know about it for sure, they are a centralized exchange and they are going to report everything that is being done on their platform to the government.
But, when you make use of a decentralized exchange I don’t see the possibilities of the government knowing what you’re up to. They can never know because they don’t control over decentralized exchanges and DEXs do not report anything to the government.
It's not how it works. Your activities are not reported by exchanges right away, especially if you're a foreigner. Don't think that if you buy some Bitcoins on a Korean exchange they will send a message to your local tax office somewhere in Bulgaria or Greece. |
|
|
|
If Bitcoin ever reaches a stupidly high value very quickly, then I may be tempted to cash out my whole stash, in which case I'll probably arrange a local meet and sell for cash.
Selling for cash can be dangerous. Criminals may use the good old $20 wrench method to force you to give them your private keys for example. Or just give you counterfeit money. This is apparently more common than it seems. People giving you sham money for Bitcoin hoping on the fact that you won't check. They might even mix in real bills with fakes and hope you won't check each one. I'd say just go to a Bitcoin ATM. It's KYC, but at least you know you'll get clean cash. Aren't there really any safe ways for you to exchange like physical exchanges od trusted traders who you can meet up with? Scared of being forced to give it away? Get a room in a hotel and trade at the lobby. They have cameras there and can call the police or their own security within seconds. When you're done with the trade you can safely go back to your room and then call a cab that will drive you to your home or to your friends if you want to have even more security. Afraid of the wrench and have trade somewhere in the park or other public place with no security? Get some friends to go with you. A typical mugger won't risk attacking 3 people even if he's with his mates. Too much risk that one of you will have a weapon. |
|
|
|
|
I was never a supporter of these socialist mottos of working together to help the economy. To me it's rather pathetic when politicians asks the poeple to spend their savings to fix the problems they had caused. The worst part of it is that they haven't done it for free. They took our tax money and spend them, but that wasn't enough. Now we have to spend the rest because otherwise it all goes to shit. Why don't the politicians start spending their so called "hard earned money" and sell some of their summer villas and exotic cars?
When you see people not spending the money it means they no longer feel safe and its the government's job to make them feel safe again. Telling them to start spending, or else, is only going to make things worse.
|
|
|
|
We can go with made up conspiracy theories all day long.  China and the west benefiting from the pandemic?What's the benefit?Global crisis?I don't think so.The virus is deliberately spread across the world in order to cover the real reason behind the upcoming financial crisis and to be used as an excuse for the crisis?Hell yeah,lets kill hundreds of thousands of people just to hide the cause of a global financial crisis.Sounds absurd to me. Creating a pandemic just to save the fiat banking system?This is a devious plan created by the free masons,reptiles and the illuminati.I'm 1000% sure about it. Actually, many countries feel like weakening their neighbours by any way possible is for their own benefit. Russia wants to weaken NATO countries and the EU, North Korea wants to weaken the US and South Korea, China would benefit from weakening Japan and the other way round, Ukraine would benefit greatly from a weakened Russia... I could go on. I don't really believe in the reptilians and other crazy theories like that, but I believe in the Bilderberg Group, the Masons, and other similar organizations. They make a lot of sense and there's plenty of proof for their existence. If you had a lot of money, wouldn't you want to realize your own research projects, shape the economy and political balance even if it meant breaking laws and conventions? This is what these groups are all about. |
|
|
|
|
Water falls from the sky and can be caught by spreading a tarp or putting out a pot... Does that mean Bitcoin can be easily obtained and collected? No.
Water is essential but extremely cheap compared to other resources. Bitcoin is the opposite: non-essential and expensive.
Also, all the water in the world has some piss in it, since all of it is being recycled for millions of years in a closed cycle.
|
|
|
|
yea that kindaa hard tho , my country get bad affect from it , lot of people loss their job and now staying at home , but some other still go outside and make it worse to recover faster  I find it funny that you're saying that your country has suffered because people lost jobs and have to stay at home. This is what this whole pandemic is all about. The number of casualities is similar to the average for pneumonia and people are not feeling bad beacuse they lost their loved ones but because they lost their jobs. It shows what the fake pandemic is all about. 1% of the infected ended up dead, 10% of the population lost jobs or had to file for bankruptcy. |
|
|
|
Giving away a domain that costs thousands of dollars isn't the best decision,if you ask me.
Only thousands? it's going to be far above 100k if it ever gets sold. Ver is still scaming on his site, that people go to when they google "bitcoin" and find out it's all about BCH. You have to admit that if you were a newbie and went to a "bitcoin" site, you'd expect to find Bitcoin there, not an altcoin forked from it. |
|
|
|
|
They used to trade BTC right after their CEO publically criticized Bitcoin and said that he'll fire any of his employees found trading Bitcoin...
Later he admitted that his daughter own's Bitcoin and called her "formerly smart". This guy is a clown, changing opinions every year. If I had my money invested in his bank, I'd be scared of what he'll come up with next.
|
|
|
|
We have to stop looking at taxes as a mighty system for achieving social goals, which merely needs to be made “fair” and rational in order to usher in Utopia. We have to start looking at taxation as a vast system of robbery and oppression, by which some people are enabled to live coercively and parasitically at the expense of others. We must realize that from the point of view of justice or of economic prosperity, the less people are taxed, the better. That is why we should rejoice at every new loophole, new credit, new manifestation of the “underground” economy. Every economic activity that escapes taxes and controls is not only a blow for freedom and property rights; it is also one more instance of a free flow of productive energy getting out from under parasitic repression. Long live BTC!
You are right, it's the system of oppression, but more of a system that allows the politicians to realize their goals at your expense, because they are not your goals, they are their goals. How does it benefit the average taxpayer that the government builds itself a new marble statue, or a marble staircase in one of their buildings? How does it benefit you that they hire a PR firm to make them look good? It's common knowledge thet a large portion of tax money gets wasted on stupid things and that the more they get from you the more they'll be able to waste. If a politician manages to get another 1% from you, he'll be able to give it away to his voters and buy their support, so that he can stay in his chair for another term. I've seen it done so many times because for 1 average rich person there's always 3 people on benefits. If you take away from that 1 person and give it to those 3 you'll statistically gain 2 votes. Socialism is still alive and doing well. |
|
|
|
|
Why wouldn't we be able to go clubbing or watch a movie with friends? There's no danger if you're a healthy person who gets enough sleep, eats well, takes vitamins and so on. If you're afraid of the virus take a test. Chances are you've already had it and have antibodies in your system. More than 50% of people get no symptoms or just feel tired while fighting the virus and then it's all gone.
|
|
|
|
Yeah, it doesn't matter when because the whole virus doesn't matter at all. Some medics finally decided to do some research on the deceased (previously they were not allowed because the authorities thought that examination will spread the virus so the general rule was to burn the bodies) and it appears that all examined victims had other health problems like heart disease, diabetes, asthma, and so on.
Personally, I don't know a single person who got sick with covid-19. None of my friends, co-workers, their families and friends, there's not a single case.The "pandemic" is a joke.
actually your just an idiot. people dont just walk into a hospital and die at the entrance and then sent traight to the morgue they actually have doctors who see the symptoms. test bodily fluids and do scans there is actual evidence in existance and test results but it seems too many ignorant losers just beleive faux media like info wars/hotwire and other fake stuff that have no clue diabetes does not cause pneumonia alone. but having covid which causes pneumonia and then gets into your blood causes even worse issues for people with diabeties by causing kidney failure aswell as the pneumonia people with heart issues wont cope well when having pneumonia because the hypoxia causes people peoples heart rate to work harder and a damaged heart cant cope its not people having a random heart attack for no reason and it just classified as covid. its actually having covid and their other complications not helping them cope/recover atleast try better at doing research because these stupid scripts you ignorant people are spouting have been debunked and yet you lot seem to remain ignorant to not even realise that people in hospitals have actual medical records, symptom lists, test results and scan results. its not some magic story of sudden unexplained death where they just scribble a random cause Why so angry? Do you always react to skeptics this way? Take a chill pill. They do take scans and it happens that the same people can be tested positive and negative for corona at the same time. There was a case in a nearby town where a kid had a brain tumotr and he felt sick and had fever so they diagnosed him with coronavirus. It took them an hour to get him to a hospital because "procedures". Then hthey took 2 samples from him and sent them to their local lab in the hospital and another one in a nearby epidemiology center. The first one came out negative and the second one positive. Of course he really did not have covid. Scans are useless, just as face masks and washing hands. GB prime minister was washing hands a lot... |
|
|
|
Another proof that coronavirus restrictions are made by imbeciles. I bet fans of submission and bondage will find it to be just another day in the office. I wonder if the police will get many volunteers to work as observers.
I'm sure of it. The department is filled with psychos and perverts. Also, the IQ of the average police officer is below average, so we can expect a lot of raids to check if the requirements are met by the staff and their clients. |
|
|
|
It's going to increase even more, but expect it to be a bumpy ride thanks to Wall Street's involvement. In 2013 You couldn't even set up shorts like you can now and futures weren't a thing so the market was moving at a faster pace as it was all regulated by supply and demand. Now it's all about fleecing the sheep who come in with dollar signs in their eyes, thinking they'll put in $10k , put in max leverage and in a month exit with a million dollars. Those people are the ones getting wrecked now and this is going to happen again. In a few weeks there's going to be a similar pump to 10k or maybe 12k if we're lucky, and then it goes down 2k in 5m, you'll see.
Isn't the ability to short the market actually making it less volatile? If you can't short it and don't have futures, then you can only buy and sell it, so when it's on the rise your only bet is to keep buying to try to sell near the top, which makes the market prone to bubbles. And as for Wall Street, we don't know just how much they are involved with Bitcoin, but my guess that if they do, they do in mainly via the OTC markets. IMO the ability to short Bitcoin, especially without buying Bitcoin (futures) made it much more volatile. Nowadays people can do the trick that is not allowed on traditional markets which is making additional money on wash trading. If you have a lot of money (like 50 million USD or something like that) you can set it up so that your own or your partner's exchange puts clien's money on the market and creates a fake panic while you enter a short position on futures. If done right this can make you earn millions in just 1 day and be able to take care of all your wash trading losses with those profits and still have a few million left to play with. I suspect that it was done on March 12 and Today. |
|
|
|
|
It's going to increase even more, but expect it to be a bumpy ride thanks to Wall Street's involvement. In 2013 You couldn't even set up shorts like you can now and futures weren't a thing so the market was moving at a faster pace as it was all regulated by supply and demand. Now it's all about fleecing the sheep who come in with dollar signs in their eyes, thinking they'll put in $10k , put in max leverage and in a month exit with a million dollars. Those people are the ones getting wrecked now and this is going to happen again. In a few weeks there's going to be a similar pump to 10k or maybe 12k if we're lucky, and then it goes down 2k in 5m, you'll see.
|
|
|
|
|
My biggest leasson was to not get involved in any schemes, ways of getting money fast, multiplying an investment and so on.
Whenever you send your coins to a centralized exchange, a cloud mining site, you name it, you put them at risk. Bitcoin is going to appreciate in value by itself, you don't have to do anything with it. All those things that people are told, that you have to put your money to work to profit, that you have to differentiate, are not worth a penny.
So, from a perspective of someone who held coins for 5 years and built a portfolio from scratch:
Don't try to reinvest your investment, don't overthink it. You're already in one of the most risky, volatile and also profitable markets in the world. Don't let some fools tell you that you have to day trade, gamble, buy altcoins, invest in a ponzi scheme, mine, cloud mine, stake, and so on, to make money!
|
|
|
|
Theoretically possible for whatever agenda, but I don't think it is. In my opinion, intentional outages for whatever agenda is a lot more likely to happen when talking about leverage trading exchanges like BitMEX as outages can wreck out people's shorts/longs when huge price movements occur. Why would they do it? Idunno.
This whole dump was orchestrated to wreck longs. There were some comments on trading channels where people who do this for a living couldn't even set a position in time before it was all over. One guy said he went away for a few minutes to make some tea and when he was back it was all over. It doesn't happen that fast unless it's set by bots or the exchanges itself. That's why I stay away from trading. This game is rigged. |
|
|
|
|
I know that sometimes it looks like the government is trying to suppress this or that or go against a certain group of people or a certain trend, but most politicians care only about their public image. Banning Bitcoin would show them as puppets to bankers or as people who are afraid of outflow of capital from their country. In other words, it would make them look weak. It's better to tax the shit out of Bitcoin than ban it, as it will automatically scare some people away from it and bring some money to the treasury.
|
|
|
|
|
So if you make fake meds they are going to kill you... What a great country that is. The government can infect you with their bioweapon and face no consequences, but if you say that it was a bioweapon you're going to be killed. What a nice country to live in.
|
|
|
|
|
Show Posts
