At the end of the day, with decentralized exchange platforms becoming more of a thing, everyone can have its ICO be hosted through these platforms without any government body forming an obstacle.

I personally consider that to be an effect of what we call the free market. I don't see any problems in an oversupply of ICOs and currencies, because we can ignore them if we so wish.

It's as always the noobies who are after these niche products and not so much everyone else. The last few years have been an example of what has to come, and as everyone can see, it's all quantity over quality.

Noobs love it, and as long as that is the case, there is demand for rubbish coins and tokens.

Very likely. Important to note here is that they can only win in this case. You can better have people pay even 10% over their gains than nothing. It's still somewhat of a taboo subject, while it in reality doesn't need to be.

I am "happy" to pay tax over my gains as long as the percentage hovers around the 20% mark. It doesn't feel like theft as much as 40 or 50% does, where I can freely use my coins at any time.

People avoiding tax need to keep their coins somewhat hidden from then upper legal layer. What's the point of owning coins you can't put to work legally because you have been avoiding tax? Think about it.

I get it that people have cold wallets that haven't been used for years, and also understand they don't want to pay tax over their coins, but at some point if you want to cash out or buy something, that's where the fun starts.

How does one explain where the coins came from.

It's always money laundering and finance of terrorism and all other standard terms they use to justify their actions, while their main intentions are far beyond just that. I guess it's enough to make the average person believe that.

Banks have trigger systems in place that detect suspicious activity and then act based on what the system is instructed to do. Banks do that already, where these triggers even report transactions to the tax department.

It might be a lot transaction activity from and to crypto exchanges, or suddenly large deposits coming in while your regular balance and bank activity didn't mirror that sort of usage prior to the deposit.

It can be for all sorts of things. In most cases when you have initiated a trigger, bank employees themselves don't even know what happened.

It's mind boggling that governments even dare to charge tax rates close the 50% mark over capital gains. Even 19% is still somewhat on the higher side, but compared to other European countries, it's around the lowest average.

Japan on the other hand, a country that has rightfully been praised for its developments in crypto terms, charges 55% tax over the highest gains, which is insane. Profit is profit of course, but this feels like theft.

I am all fine with paying tax (and I actually do so) as long as it is close to the 20% mark, which doesn't really encourage anyone to avoid paying due taxes. Rates close to 50% however do stimulate tax evasion.

Article points out that miners making profits don't enjoy the benefits of this recent tax deduction, but there is nothing being mentioned what they consider a miner to be, aside from the obvious.

Is someone owning cloud mining contracts or shares a miner too in France, or are they holders of securities.

Sure, let's further centralize this entire market legally just because people are too lazy and stupid to do some actual research before believing everything they read on the internet.

Should we also seek for various institutions to mentally check and approve people before they are allowed to invest in anything? You know what's unethical? That we blame external elements for people's stupidity.

Bitcoin is not a tool for criminals just because some of them are using it. In the same way, if you take Coinmarketcap's word for granted and you lose money because of it, it doesn't make them a scam. It makes you a noob.

They don't have to ban crypto ever. If you look at their actions, they are trying to prevent people from accessing exchanges, preventing people from conducting crypto versus fiat trades, and the list goes on.

In other words, they legally want to make it impossible for the mass to either buy or sell crypto, and it seems to be working already. Only a small percentage will ignore the legal framework and still buy and sell crypto.

Will they ever lift these measures? Or soften them up? I don't know and it actually doesn't really matter. Bitcoin will grow regardless of China being on board or not. Bitcoin is too scarce to suffer from country exclusion.

At some point owning even one tenth of a whole coin will be a tremendous achievement. High demand from buyers, but low urge to sell for those who already have Bitcoin.

You shouldn't. If you get rewarded for stupidity, you'll be thinking it's the right thing to do, but if you find yourself lose money on utter nonsense, you'll blame yourself for being so stupid, which is an important life lesson.

After one or two times you know what to avoid. People who keep falling for this nonsense endlessly are mentally challenged. In that case they need to be protected against themselves.

Most importantly, let's assume you manage to 'find' a private key with a certain amount of Bitcoin value, it's not even yours. If you take these coins then it's the same as straight theft, and thus a criminal act.

Being at your job doesn't mean much since people have their smartphones with them to either just monitor or trade the market. This market is too interesting financially to just put it down for a while for a trader.

Being a part time trader doesn't make much of a difference here since it's all relative. I am no longer that active as trader, but when i was, it's not as easy as it may seem to just ignore the market as you say.

Cooling down, to use your words, may turn out to be the loss of a great opportunity. People just need to accept that everything that's active and involves money is stressful, especially if you have certain life targets in mind.

Trading is less stressful for those who don't really need the money because they already have plenty of it. Missing out on one opportunity won't be felt then.

China thinks in terms of their mass. If they can prevent around 90% of the people from getting any type of involvement in crypto, that for them is the best possible outcome, and that's the only thing that matters.

The small percentage of people that can't be put to a stop would have done their thing anyway, and thus it's more like a form of collateral damage. It's a simple but yet effective measure to get what you want as government.

Also, if the other 10% is still involved in crypto transactions and whatnot, the government can be sure about it that most of this capital will remain in the country itself, which is another added benefit.

I like the Winklevoss twins for all their efforts. In most cases top level individuals either being multi millionaires or billionaires, always talk about how they see this or that happen, while these twins let their actions speak for them.

This is a first step that will turn the main crypto exchanges into heavily trigger secured exchanges like how things are in stock markets. I wonder though if they already have a flash crash trigger, and at what percentage it kicks in.

I assume that with the wild swings this market frequently experiences that they aren't going to halt trading with 10-15% instant decreases, but there is likely a limit they work with already. They aren't exactly shy of halting the market.

In 2015 a trader by mistake bought the market 700% up, where Gemini reversed the trades, which was quite a shocking move. It was a legit order, but still not legit or worthy enough for Gemini to let it happen.

That's what you get with centralized exchanges.

I am fairly sure that if we would have gone through the $10,000 mark, the price would pump pretty easily towards $11,000 and up due to the strong but speculative buying power. It wouldn't be sustainable, but a peak is a peak.

Smart traders would have made quite some profit in a very short period of time. I think it will take a day or two to fuel up for another attempt, but won't be surprised if we yet again don't make it beyond the $10,000 mark.

I missed the opportunity to secure some profits and buy back yesterday, but I'll keep an eye on the market right now. These are usually the opportunities I aim for, because in most cases the result is always the same.

Psychological barriers are money makers because of how much weight they hold when the price fails to break that level, or when it does manage to break it. In both cases a sharp pump or dump follows.

There aren't any experts here in market terms. People just try to compete with others in order to be the first who entered or the first who left the market. In most cases these experts only try to hype up their own investment.

I'm glad that throughout the last months the overall believe of people in these so called experts has fallen to the bottom, but we're not there yet. Experts also predicted the fall of Bitcoin years ago.

It just shows that the only thing here that matters, is the believe in Bitcoin's technical side, and as long as you don't focus too much on the market, which is somewhat of a separate division, everything will be all right.

Bitcoin's tech is the only reliable factor, the market with all its hype, fear, speculation, manipulation, isn't.

It shouldn't really make much of a difference whether it concerns money now or not. The main thing is that with all your non money accounts, hackers can compile a complete or near complete profile of yourself.

Isn't that reason enough to use a different password for each account? With your profile they may even somehow gain access to sites they don't have your password for, which is quite worrying to be honest.

People should really think about their actions. Regardless of how innocent certain sites may be, always use a unique password, and preferably, a different email, at least a different email for each important site or service.

One word for the last 24 hours, FOMO. I was starting to get worried about a similar situation as last year, but it feels good that the market didn't push through further ~ it's better for now that it comes back down.

I didn't look at the price for a while, then when I did, it hovered slightly below the $9000 mark, where yesterday late evening a co worker texted me that the price is very close to the $10,000 mark suddenly.

I know what this market is capable of, especially after last year, but having these increases only indicate speculation and FOMO, which I hoped for to not see again for a very long while. Those who cashed out, good for you.

I missed the opportunity because I on purposely ignored the market.

There is nothing to fix. Banks are doing what they are supposed to do, which is firmly dictating and limiting people's financial freedom. The banking system is nothing more than a tool for the government to maintain control.

From there I wouldn't expect any change. Instead, people should try to follow their own route to freedom, and now with how thriving crypto is, there are no excuses for anyone to fall back on.

People stop converting Bitcoin to fiat is a first and important step. In most cases regulations are all about how governments don't want to stimulate fiat versus crypto trades, then buy in initially, and never go back.

If there is enough local demand for stores to accept Bitcoin, they will. It's all incentive they lack because of how people aren't spending their coins.

In most cases HitBtc does solve its matters, but it can take a very long while, which is the main concern. I can't comment on certain cases where people claim to have been scammed, but it is worrying enough to avoid it.

HitBtc has always been an exchange with a mixed user base. Half of them has never encountered an issue, while the other half is going through problems and annoyances all the time.

If I was a newbie looking for an exchange, after properly researching each possible exchange, there wouldn't be much left other than Binance and a few other exchanges behind it like Bittrex. It has grown this large for a reason.

Binance's current 24h volume hovers well over the $3 billion mark, which is insane. Not that long ago it was the new kid on the block, and now it's THE kingpin.

That would be a perfect outcome, especially if people did that on a larger scale, but it's already enough to just stop using these shitty exchanges and just focus on Binance and similarly capable exchanges run professionally.

Solution is easier than people think it is.

It's clear that they aren't doing anything regardless of how severe and urgent the situation has been for months straight. If they aren't suffering from insolvency, then hiring more staff would be a good start.

It would allow them to swoop through their backlog much quicker, but they don't seem to be interested in that. It all comes down to how much of a cheapskate they are, which just like months ago, should have been a red flag for people.

I honestly see stock investments as a waste of money and time. Sure, there have been some tech related stocks that did more than well in the last few years, but none of them come even close to Bitcoin.

I look at things strictly as long term investment, and based on that there isn't anything that can even remotely match that what Bitcoin did for me and will still be doing in the coming years. I would be called a fanboy elsewhere.

Some quotes from Warren Buffett that also apply to Bitcoin and its market.

The stock market is a device for transferring money from the impatient to the patient.

If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.

Someone is sitting in the shade today because someone planted a tree a long time ago.

It is not necessary to do extraordinary things to get extraordinary results.

Learn to build wealth.

I find it quite embarrassing to see how governments do that to themselves. I get it that they put confidence in their own sanctions against crypto, but they should have known how these sanctions have an opposite effect.

Every country where either the government or central bank announced similar sanctions, people directly found out that P2P markets are actually a better and more private form of conducting transactions.

It's less convenient than what exchanges allow you to do, but it's clear that people are well willing to take an alternative route to do what they should be allowed to do by default. What will governments do next, ban cash?

It's impossible to stop crypto and that shouldn't even be a thing. Instead, if banks actually care about capital being taken out of the country, let them set up their own exchanges so people don't need to use foreign exchanges.

I do that, and from the looks you do so too, but that's not how others see the different market phases. It seems that for the media and all other get rich quick noobs it's either all or nothing, and that reflects the price.

The only certain aspect of the market is that the price in the last years has never dropped below its past bottoms, while the rest of the market is one big circus that has zero ties to the utility of Bitcoin.

In all the years nothing has changed it seems, but it might be just me, but the people finding their way to this market in recent times are the worst of the worst in terms of being a contributing factor. It's mind boggling how stupid people are.