Was it really a secret anyway? Coinbase was one of the first licensed exchanges in the crypto field. They were the first exchange to send out 1099-K and 1099-misc forms to their US clients since 2018. So it is pretty much evident that coinbase is trying to integrate cryptos to the real world tax framework. I don't see any other exchanges have such a detailed tax guidelines than Coinbase.

Now if I talk about whether it's safe or not - it entirely depends on how you have acquired your bitcoins. If you have a grey history of bitcoin acquisition, you would definitely try to run away! But if you  have a clean background and also planning to pay taxes, you shouldn't worry at all!

It is a legal practice from real world stock exchanges and it is known as "Circuit breaker". This practice has been mandated by many stock exchanges where the trading of an asset halts for a pre-specified time if it goes down by 5%, 10% or 15% within a very short range of time. This is exactly what Bitmex did back in March. Apparently it helped bitcoin price not to slide back to 1000 usd level.

But what coinbase is doing is unexplainable. Instead of supporting the increasing price, it is going offline when bitcoin price is showing signs of bull run. But Coinbase is not really a full fledged exchange. Their operation is more similar to a gold bullion merchant where they hedge against the market price.

In case of global massacre and nuclear war between US and China! Otherwise I don't see governments using bitcoin as a main payment method in our lifetime. It's not a preferred payment method for governments because they don't have ability to control it. So it's not gonna happen ever. Also bitcoin can't be scaled to that level where the world population would be able to use it. It would congest the network to such level, where everything will be stalled.

Bitcoin is not magic. It has its limitations and we must stay within that. It was never created to become the global currency or global payment method.

Lol! That's what I call failed Beaurocratic structure where the right hand doesn't know what left hand is doing. If I have to go by their example, then investing in stocks should be banned because there is a chance element present. Investing in cryptocurrency should be banned as well because the price is so volatile and there are chances to loose money!

They should also ban Avengers films because there is a chance that kids will try such tricks at home. Lol!

If the upbringing of a child is taken care nicely, the chances of them becoming problem gambler is very less. Banning certain things wouldn't help at all!

So it's like a Bond based loans. Goverment is creating bonds/treasury papers out of thin air and selling that to the investors with a specific interest rate for a specific time period.

Investors are buying this from the government so that government can have money.

Now government is spending this money on US citizens.

These citizens are spending that money in the market and governments are getting back taxes from various levels.

Now government is paying back the bond holders with interest once the time period is over.

That makes sense but don't you think 2 trillion usd is bit too much for such bond based loans? This is the usual cycle for any government who wants to raise money but there are several shortfalls that may occur during repayment which would lead the government to print money out of thin air.

And what purpose would that solve? Who would fund such huge advertising cost?

Bitcoin need mass adoption and the advertising technique you spoke about, would only target the elites. If you talk about effectiveness, TV commercials would have more impact on the mass than such hugely costly endeavor.

Only mass adoption and favorable regulation by government can help bitcoin price to reach to the moon, nothing else! Instead of thinking to execute such costly endeavors, we need to focus on the organic growth of bitcoin by educating millennials about it.

An well structured education program will have more impact on bitcoin!

I don't think exchanges are doing it willingly! Most probably it's the government who is playing from background and forcing the exchanges to have such things implemented to reduce money laundering. It's no secret that mixing services are being used as a great tool for money laundering. Few days back I was reading a similar article in Medium on how mixer services are being used as a tool for laundering money and then goes to exchanges for liquidity and distribution. You can also read it below,

https://medium.com/tozex/how-do-criminals-launder-money-through-blockchain-dc66916b5d81

So I think the exchanges are just trying to stay clean. Because all exchanges are centralized business entities unlike bitcoin itself and it is important for them to save their business from government's wrath.

Yes, it is disturbing the fungibility of bitcoin as virgin and clean bitcoin has more acceptability than the mixed ones. But I think that's the way forward. If stolen bitcoin remains very easy to exchange for real money, the hacking incidents, frauds and thefts will not slow down. While privacy is important but it is also important not to support illegal things happening around us every single day!

First we need to understand the benefits of blockchain gambling - it's the transparency! Blockchain based gambling ensures that the house is not controlling the outcome of a game. So with this transparency factor, the blockchain gambling industry is promised to stay longer. But it's hard to say if it's making ways for more development opportunities or not, probably yes!

If the business increases around blockchain gaming, then more investors will be interested to invest in development which will lead to innovation. But if the business isn't increasing, then new development ideas will be dumped.

It's simple demand supply equation. If demand is there, the supply will be met through development or vice versa!

I am sure you didn't read my post completely. I have said,

Bots can definitely compare the current pricing movements against the previous day's pricing movements. Nothing much!

But that's not what the OP is asking for. For a volatile market like bitcoin, trading on the basis of previous day's high and low, wouldn't make sense! If it was for a somewhat stable asset, it would've worked, otherwise no!

To predict the current day's high and low, you need an astrologer:D

Lol! Bitcoin existed for around 11 years now and you are claiming to have bitcoin which is 20 years old! That's either fake or strange!

Who emailed you bitcoin address and password 20 years ago? Satoshi?

If you didn't have bitcoin wallet then, how are you able to access it now?

Ebay had never accepted bitcoin till date! So I doubt you have bitcoin with you, it may be something else. Can you share some screengrabs?

India has been impacted big by Covid induced lockdow. Many people lost their jobs due to this action by the government and now the government has no plan to bring back the economy on track. Instead of reducing taxes and other burdens, the government has just made loans a little cheaper. But with current business outlook, industries are not willing to take more loans because there no guarantee for their product demand.

There's only two ways to come out of this situation -
1. Limit imports and produce internally
2. Stop using foreign made goods and services

This are the only ways which may help Indian economy to survive. This is the first time I agree to Modi's "Aatmanirbhar Bharat".

Hi KingBit Casino, welcome to Bitcointalk. I love the website and really overwhelmed by the choice of games you have. Can you please answer below questions?

1. Do you need KYC to start playing or during the time of withdrawal winnings?
2. Is your casino Provably fair? I don't see any mention of it. You talk about RNG or Random Number Generator but the link is dead. Let me quote from your FAQ page,


Can you please explain a bit more about it to ensure your casino doesn't control the winnings.

Thanks! I hope you have a pleasant stay in Bitcointalk.

Lol! The website looks like a cheap shit. I wonder how they have convinced the investors to believe in them with $12 million bloody dollars. That's crazy! And to answer Yuanfitda, the main reason for such action from SEC is narrated in SEC website itself. Let me quote that for you,


So the main charge is " misappropriation of investor's money". Good that SEC brought them under the hand of law. Such kind of frauds usually deframes the cryptocurrency in general!

Casinos are no charitable organisations - They are serious business and serious businesses always want to make money!

So the house edge will continue to exist as long as casinos will exist. House edge is one of the major revenue sources for the casino business. The percentage may definitely vary from one casino to another but it will remain in existence.

However, sometimes we may see some casinos without house edge but that will come with an expiry date. Usually some casinos choose to have zero house edge as a promotional activity to lure in new players and then use various reward methodology for retaining them. But I believe there will be only a handful of casinos who will be interested to forego such a lucrative revenue stream even if there bankroll is bigger than the total fund held by their players.

Hi Karl, I understand from where you are asking this question. Probably you want to design interesting promos for the existing players of your casino or want to gather more players in your casino. But you need to understand that different types of giveways appeal to different segment of people. Let me show my analysis,

1. For existing players-
Gift cards, gadgets, tickets or trips works best for such players. Because they are your existing players and you have already won their trust. It's just a matter of retaining them. So offering rewards like these are more appealing to them

2. For increasing market penetration -
Free bets and bonus money works better for these segment of people. Those who have not played in your casino, may be able to develop trust if they get to test your casino for free. So here free bets and bonus money works better.

It's all about user experience at the end of the day. But you need to understand your players in a better way for better conversion and retention.

Perfect! I have been looking for skill based casino games since a long time now. I personally love to play Clash Royale and PUBG on my mobile. Whenever I have little time in hand, I prefer to play a game of Clash Rotale and whenever I have good amount of time, I play PUBG. If such kind of skill based games can be added under casinos, that will be fantastic. Because a lot of people don't understand card games or poker which effectively discourages them to join a casino website and bet with their money.

But if such skill based games can be added with powerful cheat protection, it will be well received by the mass. I know the budget requirement to build such games is very very high but that's an one time investment. But still majority of the casinos go ahead with traditional casino games like Roulette, blackjack or crash etc. Skill based games can be a great addition to the cryptospace as well because it will help to draw mass attention!

Lol! You better find an astrologer who would predict the market for you!

No bot would know when the price has reached 24 hours low or when it will reach 24 hours high! Those inputs should be user defined and bots will just help the trader to execute seamlessly. Bots can definitely compare the current pricing movements against the previous day's pricing movements. Nothing much!

If someone advertises his bot to have artificial intelligence to detect such things, stay clear out of that! There's no easy way to make money with bots. You will have to ask your brain to come into play at all times!

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I personally believe that favorable crypto regulation will do good to the market most certainly. Scammers are present even in highly regulated markets so it is impossible to get rid of them. However, with proper regulation and legal framework around it, we will be able to reduce the number of scams for sure. But the use of regulation is not only to stop scammers. There are huge benefits for crypto market if we regulate it,

1. Legal merchants will be interested in accepting bitcoin as a payment method
2. People will be able to promote bitcoin openly to the mass
3. It will pave ways towards innovation
4. Service class people will be interested in investing if a tax framework is provided
5. Banks will stop spreading fake news about cryptocurrency
6. It's legal

Now along with regulation, if LN is adopted by mass it would definitely give Visa and Mastercard a tough competition.

I am not sure about the numbers but potential is there! However, I personally don't think bitcoin has matured enough to become a suitable choice for retirement funds yet.

Probably millennials who have recently started working may consider it but definitely it is not a suitable investment for middle aged people. They simply can't take such risks. Probably small token investments can be done, but definitely not as a retirement fund.

People who are approaching retirement age, probably would like to stay away from such a volatile asset. They would want a stable return every month and bitcoin certainly doesn't guarantee any return unlike banks!