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Well people are only saying this because they're scared of losing their money, little do they know that the only way to make money is to risk some money (or in this case a pretty penny)
But calling out a number like 100k is insane, though lets just think about it. I don't think many on here would hold on the way up to 100k, there's no CHANCE that people would have the patience to do that. People who owned a 10-15 bitcoins would sell out in fear that it would all crash. So even if it was to go that, NO ONE ON HERE WOULD EVER hold up to that.
But yes, it does matter.
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Both GunBot and CAT are lifetime things, though I wouldn't want to get involved in either one of them. Because as a trader only you can really know when the best time to trade is, and these platforms are something aren't going to be you. They may somewhat mimick your trade style, but it's kinda a waste as they're just not going to make out their money in the long run.
Do as you please, but I think the only method when it comes to altcoin trading is going long when you buy on the dip. Anything that is day trading is probably a waste of time -- just like in real life stock market.
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I currently find myself on multiple different platforms trying to manage everything when it comes to my trading portfolio. As I have Bitcoin with this exchange, then I own (some altcoins) in this exchange. This in and of itself makes it hard to track all of my coins. Then the fact that makes it even harder is the fact that I can't actually track my fees, buy, sell price with an easy to use design with any online website.
I would expect someone on here to have made something that does this, or uses a service already.
(BTW I use CryptoCompare at the moment but don't really like it)
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This is the sad thing about Bitcoin today, it's not the fact that people want to use the technology. The technology which could be used to revamp massive amounts of financial institutions and save tons of money. People just want to use it to hold, and then sell it later on for a profit. Bitcoin has become a traded commodity, and not a CURRENCY as satoshi wanted it to be. Similarly, Bitcoins have X value because there exist public ready to buy it at X price. Hence the basis of valuation of Bitcoin is Demand. When group of people believe Bitcoin has X value, why would we need some factor to support its X value!
There are many metals which are more scarce than Gold but have much less value than Gold because shiny Gold make people believe it is more valuable. The biggest intrinsic economic model is Demand itself!
Saying that demand means value is flawed. Demand (and scarcity) can determine the price, but not the (intrinsic) value. In a healthy market, demand should originate from underlying value, not the other way around. Otherwise it is speculation only. Its like saying apples have value because there is demand for it, while the reasoning should be: there is demand for apples because they are edible, and healthy (its intrinsic values). And because that demand is there and there are X apples available, it has a certain price. And I'll be agreeding with this guy, demand really means nothing when the demand is for it to be a certain price. |
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You can't just say that it's not a bubble because we're not at the same market cap. You must also put into account that the dotcom bubble was something that was INSANELY easily accessible to people, while Bitcoin is something which is hard to buy without an insane amount in fees (given you don't want to release too much of your information) So that's something of a non part of your argument.
Next part, the fact that certain companies made it in the long run. Well of course some of the companies made it out, but if you were to take ALL of the companies and all of the money that was lost (companies going bankrupt and money being lost in investing) you'd see that it is much higher then the market shares of the companies that did make it out.
So, Bitcoin COULD STILL be a bubble.
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I mean, I think this bill is just a statement to the cryptocurrency community-- pretty much saying that they have the votes (and power) to do as they please if they'd like to. This is a power play by the US government and those that run it, because we all know that the government and the politicans inside of it can make our lives a living hell by making owning Bitcoins something which is very hard to do. Gosh it could be a shit-show.
This'll also deter new users from coming into Bitcoin as they'll see the governments stance on Bitcoin.
Kinda horrid, I'd recommend calling your rep or senator.
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At least one country's currency is likely to fail soon — likely Argentina or Venezuela. This will lead to mass adoption of bitcoin among that populace. That will in turn lead to bitcoin rising by more than $50,000 when it happens. Agree ? Comment below!!!!!!
While many would like to think this, who knows if the countries capitalist (in these two countries there are obviously going to be other people ready to takeover the nation and replace their government and economy with something new) would even allow such a thing to happen. As we all know that one of the biggest industries in a capitalist economy is going to be banking, so I highly doubt they're going to allow for a decentralized currency to come in and ruin a new industry with massive growth opportunities (if the countries' economy is as in shambles as we all think it'll be) |
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The only services which are really out there are the ones which are pump and dump helpers, which is something that can land you in a lot of trouble with your governments as you're helping in market manipulation (and they don't care if its crypto)
I guess there are some more, telling you when to buy and sell certain coins while saying they have inside knowledge, but I think all of this is a bunch of bullshit. No one knows how to advise you in the market, this is penny stocks on ROIDS.
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This isn't something for Bitcoin and its community to be proud of, this is people milking Bitcoin in a way to be able to make some quick cash for themselves. And it's going to get tacked to Bitcoin. We want Bitcoin to become popular, not some shitty trade coin that's just going to make a couple of bucks for its devs.
We need to have a concentration of what we can get on the media, as we need normal people getting into it. We don't want the story to be about forks, we want it to be ABOUT BITCOIN.
Don't support any of these and we'll be okay.
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As I said in a previous post, that bill (if passed) isn't going to end up doing anything, it's just a scare tactic to the entire crypto community telling us that the government does have the ability to screw with us if they'd really like to. Enforcement on that is hard, and won't happen. But the thing to note here is that they can regulate us.
If the government feels like we are hurting them, or hurting the people that pay them the big bucks in political donations (financial instutions ie banks) then they're going to tax us and regulate us into oblivion. They have the power, and they will use it if need be -- and there's nothing we can do about it.
So yes, if need be.
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What exchange is it that you're trying to get into? I'd think that if it's something that is fully in english and has no way of translating into your lanugage, then it's not going to be a site that's for you. But on another note, a proof residence is probably going to be a government issues ID, password, maybe utility bill? Try this though, you'll be able to find an exchange in your South Korean nation - https://www.buybitcoinworldwide.com/south-korea/ |
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I am about to start selling bullion online and in-store accepting Bitcoin, UK based.
I am forth generation and run a well established family jewellery shop and have a healthy stock of gold sovereigns and other bullion which I would like to sell accepting Bitcoin but I do not know if I should be accepting BCH or BTC. Thoughts on the matter and interest would be greatly appreciated.
Now, contrary to some peoples opinions, I am not an idiot. I have a fairly sensible business head and appreciate it is a massive gamble with such a volatile market. I have read a bit about the block chain and the size (don't really 100% understand it) and I would think that, as a layman, that BCH is the future? Should I accept BCT however as that is where people have made the most gains as it will be those I am targeting.
So we currently sell sovereigns for £250. How would people feel about buying them at a rate about £275 to £300 if they are able to pay in Bitcoin. I appreciate that those who have just started buying Bitcoin will not go for this....It is those who jumped on the band waggon when Bitcoin was £50 or even at the start of this year. They have made massive profits...would anyone appreciate that I am taking a MASSIVE risk and be willing to pay over the odds?
I fully believe Bitcoin is the future of currency and want to bring it to mainstream business. Those who believed in it years ago must now only have those initial beliefs reinforced. Would they be happy to pay above gold price helping me...help Bitcoin gain more momentum.
Would anybody on here want to buy physical gold using their profits? Does anyone on this forum have any opinion on the matter? Helpful advice from the community would be massive help!
Many thanks.
AF
Who knows what the fees are on this companies gold, as there is already a fee associated with buying Bullion -- I'm expecting the fee to be pretty high if you're going to be buying it online, shipping, etc. If OP is someone who is able to buy his bullion / other sorts of the metals in a cheap fashion and has the ability to ship the product for cheap, he(or she) is going to be in a position to capitalize and make a good amount of money. If not, then yeah. Though OP must note there is a LOT of competiton in this field - https://www.jmbullion.com/investing-guide/buying-physical-metals/bitcoin/ (some that are very well known) not sure if you're aware, but there is a US based company where you can buy/sell precious metals using bitcoin. not sure how it all works out with capital gains taxes, etc, but yes, you can buy gold with bitcoin. https://www.moneymetals.com/ |
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I mean as I am looking for the same thing I'd just love to tag along in this, but I do have a platform I currently use which does work fine if you're using one exchange and not doing too many trades. It also has the ability for you to input how much you'd be liable to pay in taxes (in the US this would be a flat 15 percent capital gains tax) Though if you need tax help, seek professional help.
CyrptoCompare is the site by the way, click portfolio on the site and you're able to make one.
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He may be talking about the old version of a broker, which would be someone that handles your trades and is able to give you tips for an insane amount of fees when it comes to trading (old school stock broker that handles trading)
Or he's just talking about a Bitcoin broker in the sense of an exchange being a broker.
With that logic, the only rules I (personally) would have would be that the exchange charges minimal amounts of fees, is solvent, has good feedback, NO HISTORY of hacks / issues with the site, and ability to work under LARGE LOAD.
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And that is it, they are probably the only wallet who is providing tons of informations to the IRS, and you think that it is the best wallet because of that? I believe Coinbase to be a legit USA cryptocurreny wallet, which is why I like it the best.
Why dont you try to buy a Hardware wallet and store your coins in there? it is much more safer than just one of those online wallets. If you do not want to spend, you can just use a paper wallet, it is free and very safe. And buy bitcoins through Cex.io, they ask for KYC before you buy bitcoins with a credit card, but it is almost instantly. It's not like they really had much of a choice to be providing information to the IRS, they fought all they could and then they decided that they had to do it. Think about if you were in their shoes, would you rather go under as a company or give up some information. Plus people should be paying their taxes on Bitcoin earnings (as its like any other capital earnings) so they shouldn't have SO much of an issue (outside of the privacy concerns of course) Coinbase is a fine wallet and exchange, but if you really need something else fast then I'd go with Gemini or try to get your limits increased as Coinbase -- that'll probably work fine. |
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Well just as a starting note, the only reason I would consider following RogerVers twitter account is to just watch him melt down all the time. Plus the fact that you'd be able to see all of the Propaganda he posts, free of CHARGE!
But I wouldn't want to do this if I were you, you have to think of in a sense that twitter is mostly used by people in an attempt to spread fake news to make a good chunk of change off people who want fast (and a lot of the time) fake news/tips/ etc.
I would only pick a select (handpicked0 few accounts if this is what you're planning.
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Bitcoin isn't something that is going to take over, hate to be the one that has to break that to you. You must grasp the fact that with Bitcoin the thing that's going to happen is that it's going to be HEAVILY regulated (by governments and financial institutions) if people in high places think that it's going to hurt them in any way, shape, or form. So yeah, but here are some points on Bitcoin that you may want to learn - https://www.weusecoins.com/en/getting-started/ - (5 easy steps to get into Bitcoin) Have fun and good luck! |
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i have a very limited knowledge about altcoins . i would like to make more money trading. but i think it's just too risky for me.
Well I mean, everything in Bitcoin and the cryptocurrency market is going to be insanely risky. That's just the nature of the beast when it comes to Bitcoin. The way I see it, it's pretty much like you took penny stocks and took the craziest movers in the penny stock category. From there then you went ahead and just picked a couple -- that is cryptocurrency. So if you don't want to expose yourself to that risk, then sell. |
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No, even if I do think this is going to have to come soon. It hasn't come yet. But if you are to really think about it, and stop drinking the kool-aid (bitcoin kool-aid) you'd be able to see easily that all of these analysts making projections are just a bunch of shit. Bitcoin is bound to come down at some point, and people are going to have to accept it that this is all a big bubble
The multi-billion dollar question is when this'll happen.
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There will not be no reward. You would be greatly wrong by saying so. Transaction fees are to replace the block reward, and even surpass it. It makes absolutely no doubt that in a decade, the transaction fees will be superior to the block reward, no need to wait for 120 years.
Well I mean, that is what is bound to happen. It is also thought that the machines of the future will be more and more efficient so they're able to mine for cheaper (meaning less electricity) and easier for people to be able to mine. So the miners will be able to even profit off cheaper amounts of TX fees. Mining will still be profitable, though it will be centralized and just different profit margins. Depending on what Bitcoin ends up doing, as it could always |
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