Guys, in your opinion, as the title said, do you think the government around the globe put taxes for all Cryptos?
Not all, but some countries MIGHT do that, especially to bitcoin. Altcoins are not that well-known, but bitcoin is what governments are having a hot take on. Bitcoin is very popular, and probably the most used cryptocurrency. If the governments are able to make a law that requires people to pay tax by using bitcoin, then these countries will probably take a huge benefit considering the number of bitcoin users. Well, I just hope that won't happen. |
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Now that bitcoin is going up again, this could only mean that China, ( no matter how big you are ) could not bring bitcoin down! Who will agree with me?  I agree with you. China doesn't have any intention to bring down bitcoin, in my opinion, because a lot of Chinese investors are in it. But the banning of ICOs is what I think the main objective of the China. Their government are trying to look after these ICOs which, in the first place, are not taxable. China is a developed country, and they will always find a way to put tax on these ICOs. |
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I can see that people nowadays are busy searching on money and everything depends on money. People nowadays never go to church just because they would rather earn money rather than praise God. Others do not pay respect to elders because they earn money for them or richer than them. Well for you, is money above all things ?
Well, practicality is what we're talking about here. We can't live without money. We need to buy our basic needs - we need to buy the food we eat, the clothes we wear, and our house we live in. When we are talking about the reality, money is above all things. But then, we should not forget God who gives us our lives. It's not that hard to find a time to pray and talk to God. Money is earned but life isn't. |
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BTC has no role to play in the real world affairs. People who try to create such a role are confused between asset and currency. The design itself only considers pure virtual activity with no touch with real world. People also mistake the buzz words such as "peer-to-peer", "border-less", "decentralised" etc as the problems to be solved. But sadly these are not real problems. The insignificant problems (speed and fees) are hardly enough to sell and these problems are going away anyway. I have no respect to Nakamoto because he ignored the most important element (govt and authorities) in social situation and still want to sell it as some solution to social situations. Hardly any country has regulatory framework that deals with btc.
The problems are rooted in the philosophy of crypto, not in the code. So, the beauty of blockchain tech is irrelevant for btc. It is like selling a bad app by showing how great Android is.
1) Bitcoin does not provide controlled visibility, because it doesn't recognise the existence of governments. Now if you make changes to provide visibility to authorities, ALL privacy is gone. If you don't, then ALL visibility is gone.
2) Fees are rooted in the design. Whatever consensus you invent for a public blockchain, you can't escape rewarding the work of validating transactions. So zero fees are not possible.
Public blockchains sacrifice all good qualities of a business application for the sake of trust-less environment which is not even actually a problem to solve in many contexts. Also they make it extremely costly to run small amount of code or small storage. Who wants their business code to be validated by all arbitrary people in the world?
Most ICOs are sharing economy concepts similar to uber model. Lack of a responsible intermediary and costs will make these "innovations" to fail, if they ever have to touch real-world activities.
Bulk of the blockchain activity will move to business collaborations which might not even look like a blockchain. Crypto coins will be used in most business blockchains, but these coins will be value-less tokens and very specific to the business or institutional activity.
What? Like for real, you are saying these things? In the first place, why are you even here in bitcointalk forum? Let's just accept the fact that bitcoin has been a successful project and no one can deny that. A lot of countries are now accepting bitcoin. A lot of establishments, businesses, shops, and sites are also accepting bitcoin as payment for their services. A lot of people are using bitcoins nowadays and it made their lives better, without a doubt (and I am one of them). Okay, let's say bitcoin is a business and someone or a group of people are earning a lot from it. But can we deny the fact that it helped people a lot nowadays? I don't think you can. It's very evident, and it plays a role. |
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I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).
How do you guys withdraw your btc?
Since I don't have any bank accounts or credit card, I withdraw my btc from my btc wallet through remittance centers. In our country, we have the official BTC wallet called coins.ph which has a desktop version and an android application. I use the application in my phone and I can choose there the remittance center where I would like to withdraw my bitcoin. Although this feature will need you to pay for fee, I think it still worth it. I hope BTC ATM will also be available soon in our country. |
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Hi everyone, I've been around for a while now..
I've seen a lot of posts positive and negative about Ethereum.
At the moment I am holding Bitcoins, but I have invested in some Ether as well.
Now I am wondering, what are legitimate concerns about Ether (except for IPO, as I've already read this in a lot of posts).
So can anyone bring real other issues to the table, to enlighten me (and maybe a lot of other readers?)
Thanks!
If you have ethereum in your wallet as of now, I recommend you to hold on it for a while. For the last 3 months, the value of ethereum has dropped terribly from 0.1 BTC to 0.067 BTC. But then, I'm still hoping that it will rise again in the next coming months. On the other hand, if you are planning to buy some ethereum, I think it's not already ideal to do that now. First, ethereum is too expensive (for me) compared to other altcoins. And second, I am not sure if its value will recover in the coming months, considering that it has lost over 0.023 BTC in just 3 months. |
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Bitcoin Cash really confused me at which is the real BTC.
And the forthcoming SW2X is making a new puzzle.
BTW.
Question: Will the silver LTC gradually die after SW2X?
Your question was off the topic. We've been talking about BTC then you're asking about LTC? LTC doesn't have to do with BTC because they are of different network. Well, going back to the topic, BTC forks doesn't really make bitcoin chaotic. Just look at the first btc forking and the creation of bitcoin cash. It didn't really make any bad thing on btc. In fact, btc has been on a stable growth do far. That's not a problem for me if I am to be asked. |
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Hi traders!
Does somebody here do trading in stock market and also trading in bitcoin? Which is more profitable and safe?
Thanks ahead!
Trading in stock market will need a lot of money. You are going to trade oils, gold, local money, etc. in stock market. On the other hand, trading in bitcoin (I think, you mean CRYPTOCURRENCY) is better if you are newbie in the world of trading. The advantage of trading in cryptocurrency/bitcoin is that the volatility of the values of the different cryptocurrencies. Not only that, but the market of cryptocurrency has also a lot to offer to you. You can also start with a small amount of money which, I think, is another good thing in cryptocurrency trading. |
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What's preventing Bitcoins from being accepted as mainstream payment forms? I'm working on a new blockchain and would like to learn what drawbacks of Bitcoin urgently need to be improved  I think, the biggest disadvantage of bitcoin so far is its transaction fee and speed. This always makes me mad especially when I am in a hurry. It will take almost 5 hours for your transaction to be confirmed when you use normal fee. Also, the fee is too high, I think, considering the speed of the transaction. The fee also changes gradually. In our country, the fee usually turns lower than usual during morning and higher than usual in the afternoon. |
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I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?
High fees is one of the biggest downside of bitcoin for a long time. Even I have a hard time to decide whether to make a transaction or not. However, bitcoin has maintained its value for many years. Just like what you've said, it has stability in its growth which entices more people to invest to it. As long as the value of bitcoin is as high as it is now, or even grow for the coming years, I don't see altcoins replacing bitcoin on top of the list of best cryptocurrencies. |
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Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins your opinion is highly appreciated. I don't think that's the case. There are actually a lot of things that makes altcoins different from bitcoin - its rules, blockchain, miners, and wallets. These altcoins uses different networks where they are produced, created, or mined. If ever bitcoin will be gone (which is not a probable thing to happen), altcoins will still live no matter what. They don't need to follow the rules of bitcoin since these altcoins are independent. If you are thinking that these altcoins will lose their values when bitcoin is gone, then you are wrong. altcoins can also be exchange to different currencies and cryptocurrencies other than bitcoin. For example, you can still exchange LTC to USD even if BTC is gone. |
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Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.
You can never say if an ICO project is going to be successful or not. There's always risk in the world of cryptocurrency. The success of an ICO will depend on how people accepts it and how the team/developers endorse their token/coin. But one thing is for sure - it is worth the risk once the ICO you've joined is successful. Just like what they've said, "no pain, no gain". Take the risk and see what happens next. |
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I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.
I disagree. Ethereum has been stable at about 0.07 BTC this month. In fact, it has dropped from 0.073 BTC to 0.067 BTC this week, and from 0.1 BTC to 0.067 in last three months. I just can't see ethereum beating bitcoin as the number one cryptocurrency (not even that close). I think, bitcoin will always be the most valuable cryptocurrency for more years to come. |
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Personally, if I'm in a coffee shop or any store with some people, I pull out my wallet and subtly show them my Xapo debit card. Then they get curious on what kind of card is that since it doesnt look like the usual Mastercard or creditcard. Then I explain it from there on. What's your way of spreading Bitcoin knowledge? Most people nowadays won't believe you unless they SEE the evidences (which I think is one of the worst traits of people in the new generation). You can't make them believe and entice them unless you show them what you are talking about. That's why every time they ask if I really earn in bitcoin, I always show them my bitcoin wallet with balance. By the time they see that, they'll start asking how to join bitcoin and earn, and I was like *hahaha* and *hmmm*. |
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Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
It is both a currency and an asset. Currency in a sense that you can really use it to buy thing you like, pay your bills, send money to anyone, and more. Actually, I am using bitcoin for a long time, and it's been great so far. I find no hustle using bitcoin. I have also bought stuffs and accessories for my gadgets. On the other hand, bitcoin is an asset in a sense that it is MONEY in different form. Bitcoin is a cryptoCURRENCY, which means that you can use it as a medium for buying things. And the best thing about owning bitcoins is that you can multiply your money due to its volatility, although the risk of losing is still there. |
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For the past month, price of most altcoins dropped a lot. It's a good time to invest now.
I plan to invest 20,000 $ for altcoins. I appreciate if you guys can recommend some valuable altcoins.
The most valuable altcoins as of now are Ethereum and Litecoin, but I don't think this is an ideal time to invest on those two. If you would like to invest your money, try those with lower values like Steem, Ripple, and NEM. At this point, Steem is worth $1.24 with a market cap of around $300M, Ripple is worth $0.2 with a market cap of $7B (which I think is the most among all cryptocurrencies), and NEM is worth $0.23 with a market cap of $2B. I think, these three altcoins are the best if you're gonna invest your money. Not only you can buy a lot of these coins due to its low value, there is also a low risk when it comes on your investment since these have a high market cap. I also expect these to become the next big things among the altcoins. |
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It would last very long if other countries won't ban bitcoin. For an example if China and Europe had banned bitcoin it would have fallen down to 2500 dollars. If US also had banned it would collapse.
Bitcoin is not lasting forever. Nothing lasts forever. Not even great company's everything will have an end.
China has been trying to get away from bitcoin for a long time in the past few months or years, and I don't think that it's enough reason to say that bitcoin will die or fall down to $2,500. Another one, I don't see US banning bitcoin because that's just gonna weird and makes no sense at all. Although I agree that bitcoin will not last forever, I see it to be alive for more decades and I think it haven't reached yet its peak. |
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That's fine, in my opinion. That doesn't seem to affect bitcoin as a whole as I can see, especially that bitcoin value today is higher than it was in the past weeks. And you're right: this is a good news because those CHINA RUMORS will end now. There's even a lot better exchanges and trading sites out there than China. We can't deny, China is a big player in crypto-trading, but we are bigger compared to them. |
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So low market cap is better for investment? It mean we dont have huge amount of coins ready for sell?  Not really. That's even more risky than those coins with high market cap. Low market cap only shows that only few people are in it, and it doesn't make sense in most situations. It doesn't have enough to entice the people to invest on it. If you are really a smart investor, I am sure that you won't risk your money on coins with low market cap. You need to have a lot of those to be moving in the market for it to be successful. |
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First Cash, Now Gold? Another Bitcoin Hard Fork Is on the Way
is it TRUE?
Yes, it is, as it is published in different bitcoin articles like this one: http://www.livebitcoinnews.com/will-anyone-care-bitcoin-gold-come-october-25th/However, I don't think it would be successful with the presence of bitcoin cash which was embraced by a many BTC users before. the only problem that I can see here is how bitcoin gold will compete with bitcoin cash considering that bitcoin cash is the very first altcoin being forked from bitcoin. Whatever happens, I'm sure that these two altcoins forked from bitcoin will have a great impact to each other. |
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