Well, in any case it will be the income in crypto that you cannot clearly justify.

Besides, as I have commented several times in these cases, the amount matters, and a lot. It is not the same that the Ministry of Finance or the IRS or equivalent in your country, thinks you have €8.7M of dubious origin that the amount is only €870. In the first case he faces up to 12 years in jail if found guilty. In the second case the penalty if found guilty will not be more than a small fine (I understand that this is the case in many countries, although I do not dare to say that it is the same in all of them).

I've seen people on other forums say that NFTs would be a good way to launder money, but in light of news like this, it doesn't look like they are.

Edit: I'd like to know what o_e_l_e_o  or LoyceV think about this, as we have discussed similar topics in other threads.

I have searched for more information but cannot find more details. Without them, I speculate that the sales of NFTs that he has declared are not registered like the sale of a house or a car in which in a contract the names of the buyer and seller are put and both are perfectly identified.

And this is what I had seen in other forums say: that to launder money a good way would be to create an NFT and say that you have sold it when in fact the funds have been transferred to yourself from an unidentifiable source, either with Monero, or with Bitcoin that has gone through a mixer or similar systems.

Well no, I do not agree with the title of the thread. That amazon is going to shut down its cloud service has nothing to do with what is usually said about saving your seeds offline.

Amazon is going to stop providing a service and if you store things in that cloud, you will have to find another service if you want to continue storing them in a cloud.

Saving things in a cloud has its advantages and should always be done with information that is not too sensitive, as mentioned above.

But saving your seeds offline is often said because from the moment you have them online, there is a risk that they will be stolen by hackers, and for that it doesn't matter if Amazon Drive stops its service on Dec. 31, 2023.

It is similar to some Bitcoin ATM transactions, as far as I can see.


I'm curious about this too. I would imagine that because of the volatility the most logical thing to do is to automatically convert to USD or some stable currency. Unless you want to HODL part of your profit automatically, but somehow you have to convert it fast to avoid downside volatility. If it's upside it's not a problem but you never know what's going to happen.

I think JollyGood has done a good job on 1xBit, but one thing that struck me about him is that he has 2452 members excluded from his trust list.

I looked at his trust list because some people say that he gives negative feedback too easily, although it seems that overall he has done a positive job and is a good scam buster.

In the end I decided to stay neutral, neither add him to my trust list nor exclude him.

I realize now that JollyGood wears the signature of Duelbits and that you defend that in this case he has a behavior opposite to the usual, with respect to the company that pays him.

I guess JollyGood will come to the thread to defend himself, I'm surprised he hasn't come already.


Things like this are what I was referring to earlier:

Also many of us dream of the day when Bitcoin will be worth $1M.

There was even a guy who said he was going to eat his dick on national TV if he missed the prediction (by the end of 2020), but I think to get there it will take quite a while.

I think the $69k was the peak of this cycle, which was only 3.5X the previous ATH. I believe that going forward we are not going to have higher returns, so I would expect that in the next cycle, the price will clearly exceed $100k but not break $200k.

I would expect a high of around $185k or so, with resistance at $200k which will be difficult to break.

This is very hypothetical and if high inflation were to continue over time and go higher, which I don't think it will, as central banks are starting to try to curb it, we could break $200k.

What do you think will be the maximum price for the next cycle and why?

But in the case of El Salvador, the key is that they can hold out until the next cycle or until the price recovers significantly. Chances are that we have seen the bottom of this cycle and that from now on the price will go up, not in a straight line obviously but with some oscillations. If this happens, El Salvador's move will look better and better as the price goes up.

The problem with Bitcoin is volatility, which as time goes on should reduce. If this comes to pass, we will see many countries holding Bitcoin for their reserves, just as they now hold gold.

If we are talking about Bitcoin only, it is better to do DCA if you don't have a lump sum to invest all at once. If you do, someone who has been following the markets for a while would identify that now is a low good time to buy, regardless of whether the price may fall in the short term, and invest the lump sum now.

When it comes to selling, what you should never do is sell all your Bitcoin. When we get back into the bull market, when we hit $69k or even $100k, you can sell to taste profits but small pieces and always remaining invested.

You are partly right, and besides, when you withdraw from spending, what you save is net, since it has already paid taxes. If you invest it or have it in an account that gives you interest, you will pay taxes on the interest or yield it gives you, but not on what you have already saved.

If you look for new sources of income, however, you will pay taxes on what you earn, although I prefer this option, without obsessing and stressing. Or even try to increase your current income without looking for new sources. With this you will be able to spend more and also save almost effortlessly.

Restrictions on how often sounds very strange to me as well. Restrictions when you want to withdraw or transfer large amounts yes, but not on the frequency, especially nowadays when I do everything online. It is clear that the good thing about Bitcoin is that it does not have these kinds of restrictions. If you want to send money 20 times or send $20B, you can do it without any kind of restriction.

That's what I thought. They can put in their TOS that if you find a bug they can take away a kidney of yours if they want, another thing is if it is legal.

We can think about whether we consider it more ethical for someone who finds the bug to tell the casino instead of taking advantage of the bug, but if we start listing morally questionable actions by casinos both traditionally and nowadays we would make a long list.

This is a bit counter-intuitive, as raising rates is not usually bullish for the economy, but both the USA stock market and Bitcoin had a fair price spike following the news. I understand that this is because the Fed is showing that it is determined to tackle inflation, but it is not clear to me that it can keep rates like this or higher without us going into recession, so they are in a dilemma.

AFAIK that happened in the past. Nobody has been banned for trolling in the recent years. At least I saw someone saying this on another thread.

While we cannot be 100% sure, I would say that the $17k we saw recently was the bottom of this cycle, barring catastrophic news.

I didn't quite understand that after the rate hike both Bitcoin and the stock market went up. In theory less liquidity is going to make them go up less, but I guess that is because with these rate hikes inflation is going to be curbed.

What I don't see is great joy until the next cycle. I don't think we will beat the ATH until then.

Congratulations, but as far as I can see there has been a gap in your activity since you registered. If you continue to contribute to the forum regularly in a constructive manner, you will move up more ranks.

But don't cheat, because there are too many people in your situation who get desperate and choose to take the fast and dishonest way out, so they end up getting caught and it's worse.

Lol. Another drama on the reputation section.

I quite like this section but sometimes it seems the gossip section.

For the time being, I am going to remain neutral with respect to Jollygood.

As for the Duelbits case, I comment here what I think, since the thread is locked. If a casino has a bug, it's the casino's fault, and if someone discovers it and makes money from the bug, he has every right to do so. In a lawsuit the casino would have everything to lose, and so it happened with some poker players, mathematicians by profession, who found imperfections in the roulette wheels of physical casinos around the world and took advantage of it.

I put him on my ignore list, because he knows a lot, yes, but just as he gives you walls of text about things he is right, he gives you walls of text about things he is not right and he is constantly entrenched in his position.

An example in this thread:


And when he argues, he changes your argument and counterargues against something you had not said, which happened to me debating with him before in other threads. So for me the solution was to put him on my ignore list. Without acrimony and without having anything personal against him.


For me neither, those referring to his opinions or how he argues should be neutral in color, even if they are negative in spirit.

I see I was right to leave him negative trust, as any honest business would have addressed the issues raised in this thread convincingly in a couple of days at most.

His angry way of responding, not signing a message to show the funds the business have, the plagiarism, etc., show that this is either a scam about to happen or people managing this business are extremely unprofessional, and in neither case should people do business with them.

And I would say the title is misleading because I doubt you can buy 1 sat or just 10 sats, plus if you could do that you couldn't transfer them to your hardware wallet. Even if it appeared in your exchange account that you have 10 sats, it wouldn't do you any good, at least at today's prices.

And I would say the title is misleading because I doubt you can buy 1 sat or just 10 sats, plus if you could do that you couldn't transfer them to your hardware wallet. Even if it appeared in your exchange account that you have 10 sats, it wouldn't do you any good, at least at today's prices.

If you want to stack sats, make it at least 1,000 in 1,000, and if it is 10,000 in 10,000 or greater amounts, even better. Then a problem that people who collect sats that win in faucets find is that to transfer them for having many inputs of little amount, the fees eat up what they have.