The best thing about taxes is that we have the ability to move to another country and there's plenty tax havens to choose from.
It's possible to avoid them just not the way people thought it would be.
We'll see if money from altcoins will move to bitcoin but looking at the price of XRP vs Bitcoin right now it looks like this is happening. I'm almost sure that if all centralized altcoins were to die right now we'd have a huge pump on BTC.
The crypto market will not have only bitcoin and altcoins will be on the market for so long. Altcoins are created as forks from bitcoin then fork from grandfather altcoins. They are created to catch investment capital (in fiat or in BTC) and to steal capital of investors. You can consider them as tools to help whales steal fiat or bitcoin from most to a few. But they, altcoins, will survive and exist on the market. I don't doubt about their future. They are struggling to break out and begin their alt season. https://www.blockchaincenter.net/altcoin-season-index/ |
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how to sell anonymously for cash?
how to store stablecoins?
Cash and stable coins are not the same. Stable coins are like digital cash but the world is still far from a day when you can use stable coin or cryptocurrency (include CBDCs) to pay for all of your expenses in real life. So let's obey the tax law regulation in your nation. When you actually cash out in fiat (not stable coin), pay tax per law, if you don't want to have jail time. 20 BTC has a big value today. Even you will trade on real DEX, it does not mean you and your trades will be 100% anonymously. At least your trade partner knows such details (trade details, your identities) Help: A list of LocalBitcoin alternatives (P2P marketplaces). Not all of P2P marketplaces are truly DEX. |
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Your bitcoin is there and it is marked as Unspent. That is very normal. You need to read UTXO - Unspent Transaction Output: https://www.oreilly.com/library/view/mastering-bitcoin/9781491902639/ch05.htmlTransaction Outputs and Inputs
The fundamental building block of a bitcoin transaction is an unspent transaction output, or UTXO. UTXO are indivisible chunks of bitcoin currency locked to a specific owner, recorded on the blockchain, and recognized as currency units by the entire network. The bitcoin network tracks all available (unspent) UTXO currently numbering in the millions. Whenever a user receives bitcoin, that amount is recorded within the blockchain as a UTXO. Thus, a user’s bitcoin might be scattered as UTXO amongst hundreds of transactions and hundreds of blocks. In effect, there is no such thing as a stored balance of a bitcoin address or account; there are only scattered UTXO, locked to specific owners. The concept of a user’s bitcoin balance is a derived construct created by the wallet application. The wallet calculates the user’s balance by scanning the blockchain and aggregating all UTXO belonging to that user.
TIP
There are no accounts or balances in bitcoin; there are only unspent transaction outputs (UTXO) scattered in the blockchain.
https://en.bitcoin.it/wiki/UTXO |
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Any person would sell their stash at few 'x', what factors made you keep holding it?
They took profit with small of their bitcoin, got rich enough and are enjoying their lives. For the leftover of their bitcoin (bigger or smaller than the amount they took profit), they are holding it and wait for next halving day. It is very obvious that they are real bitcoiners and have very strong belief in bitcoin. As bitcoin gets them rich, they won't have things to lose in the future. If they are enjoying their lives, they likely don't visit the forum and don't see this topic. |
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You can get from there the transaction size, and multiply yourself with the amount/vByte you want to pay.
https://bitcoindata.science/plot-your-transaction-in-mempool.html has its tool to calculate size of transaction. OP need to know the type of addresses (sending and receiving). Mempool is not big now but 1 MB from the tip is 80 sat/vbyte so exchanges will use kill fee. https://jochen-hoenicke.de/queue/#0,24h. It is good for OP that the wallet allows to customize fee and the fee from 4 to 6 satoshi/vbyte can be good now. It will not give instant (1 block) transaction but save fee and acceptable waiting time. |
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Bitcoin Season is coming to an end. Now we just have to wait and be patient for Altcoin Season.
Key is being in Altcoins long before that chart actually hits Altcoin Season (to get maximum profit).
Altcoins are trying to climb and break out. It is still far from the point to call it as altcoin season but they already break the one third bottom line (25%). There are 3 figures today. - Altcoin month indes: 33 - Altcoin season index: 27 - Altcoin year index: 39 I am waiting for the altcoin month index to hit 50 points as it might trigger the capital to flow to altcoins. After that the altcoin season index might hit 50 points and all the game for altcoins will be set. |
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With the on going hype of bitcoin, it is good if you are trading your altcoins with USDT/ USD. With the hype that is killing the altcoin price in BTC, it is stupid to trade with this pair.
To get short term profit, USD/ USDT
To invest long term and wait for double profits, BTC pairs for altcoins.
Use the first for short term profit and when hype of Bitcoin stops, use the second for long term, as it helps you to increase amount of bitcoin and in very long term, bitcoin will keep rising.
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i don't think it has anything to do with the current price action because they (among others) have been trying to get SEC to approve their ETF for a very long time. it seems like they try at least once a year if not more. they did it even when price was falling in 2018 and 2019 and haven't given up yet.
it is interesting that US keeps rejecting ETFs while the rest of the world is already celebrating the anniversary of their ETFs.
SEC news were used to raise or sink bitcoin price in 2017 to 2019. People used to think that SEC approval, disapproval, posititve or negative decisions will help bitcoin grows more or will kill bitcoin. What was demonstrated by the market? Bitcoin fell because of bear market and rose because of bull market. In different market, SEC news have different things to do with bitcoin price action. Obviously, the new attempt at Bitcoin ETF is absolutely a positive new. |
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So currently we're not yet in the altcoin season as obviously bitcoin is still dominating. And almost all altcoin are still way below their previous all time high although Ethereum already break the 4 digits barrier but it need as a lot of money to even break $1400, its all time high.
Some altcoins are rising too much in recent weeks but you are right that it is not an altcoin season as not most of altcoins are rising. They rise next-by-next and don't rise at the same day or week. Moreover, they are rising mainly in their price with USDT, not rising much in BTC. A few altcoins have doubled or trippled their price in BTC and more increases in USDT as price of Bitcoin in USDT is still rising. The altcoin season will only come when people feel safe with bitcoin, don't see bubble burst with bitcoin, then bitcoin is stable price for a while and altcoins might rise all together. |
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be careful what you believe specially when it comes to the lies that the "top altcoins" tell you
Top altcoins are not all from their marketcaps. There are adoption, use cases, and communities behind any project. All of these elements build up an ecosystem of one project. I don't believe that any altcoins can be better than bitcoin if combine all of elements. It is more sucked if expand it to top 100 altcoins. Even in the top 10, Tether USD (USDT) has many drama recent years and I don't know when they will be sucked like XRP, DASH, Monero, etc. As there are many other available stable coins (USDC, DAI, etc.) the drama on USDT is possible and it can make a shock on the market but long run, the market will be fine with or without the USDT. There are alternative stable coins. |
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Maker fee is lower than taker fee in most account levels. Look the example on Binance: https://www.binance.com/en/fee/scheduleThe cryptowisser.com table of exchanges can help with comparative table for maker/taker fees: https://www.cryptowisser.com/Most of the people on the market are market takers and they accept higher fee than maket makers. |
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I just wanted to use bitcoin.com wallet for android and it warned me because of high transaction fees (around 20 $).
I cancelled and started a new transaction and it did not warn me again (around 8$).
This was maybe 30 seconds apart and I have no idea what to think about this but is this maybe a cheap way to advertise BCH?
Which coin are you talking about the transaction and fee? Bitcoin (BTC) or Bitcoin Cash (BCH). I think you are talking about bitcoin transaction as BCH transactions are not expensive as that. If yes I want to switch software of course. Which software for android is trustworthy?
Electrum has a Bitcoin wallet for Android. https://electrum.org/#download. You can click on the Google Play link or get the link directly here: https://play.google.com/store/apps/details?id=org.electrum.electrum. but you should not trust me and would go with Google Play link on the electrum site. Details for real Electrum wallet (click on about) - version 4.0.9 - Licence: MIT Licence - Homepage: https://electrum.org- Developers: Thomas Voegtlin SomberNight Distributed by Electrum Technologies GmbH Click on Send and you have 3 options for fee estimator - ETA: within 5 blocks: 71.6 sat/byte - Mempool: 2 MB from tip: 9 sat/byte - Static: the static (fixed) fee you want to use all time. Mempool option is recommended.  |
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Bitcoin, altcoin season indexI don't mind much on the algorithms are used to build up the visual chart (but you can dig if you have interests in algorithms). The chart displays that altcoins (with altcoin index) are trying to warm up and the index is almost reaching 25 points. After the break out through 25 points, the next area from 26 to 50 points will be interesting as it will trigger altcoin rises. The hot area above 75 points will be for FOMO with altcoins. If you have love with altcoins, it is the time for you to grasp them more, accumulate more, and wait for warming up and profit running time ahead.
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- Bitcoin will crash just like in 2017.
- Bitcoin will reach $40k+
- Bitcoin will fall to $20k and get back to the current price.
Crash will happen as it is element of the market but this time any crash will be healthy one for the market. It will help to shake weak hands of greedy people and help the bitcoin cleans its investor resources and prepare for better rides. Bitcoin will reach $40k. Sure I agree with you and it is a matter of time. Around May of 2021, bitcoin might pass through $40k (or sooner) as it is one year anniversary for the 2020 halving. Bitcoin will dip back to $20k (or below a little). It is possible but believe me bitcoin will not even reach to the current price ($33200) but it will set up a new all time high. |
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https://jochen-hoenicke.de/queue/#1,30dFee in satoshi is cheap and the holidays for Christmas and new year contribute to the low fee. In December, the trend of fee is cheaper as people have more belief in future rise of bitcoin and they don't see a price at one day is their last chance to sell bitcoin at all time high. They have more belief that bitcoin will hit its new all time high. There are sellers but people don't scramble for a price and ignore transaction fee. I know the fee in USD is rising with same amount of satoshi for fee. Average transaction fee (USD) is lower than fee in 2 weeks from late October to early November: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m
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Nowadays newcomers want to get merit very easily. Which is really ridiculous.
You joined the forum on November so it is not long to compare difference in November and nowadays (December). What do you imply? I don't understand how anyone can get merit by not being active in this forum. They do not want to understand this simple thing.
You can get merit even you are inactive in the forum for a while. The condition is you must be a good asset of the forum and did contributed many good works in the past before the day you became inactive. satoshi left the forum more than a decade but the community members still send lots of merit to his works. Activity makes sense but only for good members. With shitposters, active or inactive, they are the same and I see them as better version if they are inactive. They contribute less spam on the forum with their inactivity, it's better. Again there are many just bounty. Bounty may pay them some money but can't give any knowledge about this forum.
It is a fail-fail situation for them. Companies don't care about the forum, don't care about participants and quality. They need exposures as much as possible. Bounty hunters join them as they don't have dedication to contribute. If you are active in the discussion thread of this forum then you must know better about this forum and get merit. I personally want everyone to know better about this forum. You must be active in the discussion thread if you want to know more about this forum. So stay active in the discussion thread and post acceptable.
Loads of spam, megaspam in discussion threads and your advice can be failed. Many people don't read before they post. Please try to read through the thread before placing your post |
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