So far here in my country(which is Philippines) doesn't have any law regarding on taxation of cryptocurrency. So i can still enjoy tax free cryptocurrency. The government dont have the capability to track all the people who are earning on Bitcoin. If you want them to charge you with taxes. Then you can report your income statement. But i won't do that unless they are such law that requires me to do that. Countries like US is not the best place to live if your a cryptocurrency trader. You'll get into jail if you did not report your income statement. That sucks.

Anyway, im sure the government will find a way to charge people taxes here. So enjoy with your crypto while it's still tax free.

I would like to join.

Btctalk name: deasilent
Rank: hero member
Current post count: 1280+1
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Thanks for 3 weeks working with you guys. Hope MatrixCoin to be successful.
Just received my payment. Thanks manager.

Yeah, I've heard it too. I've read this on their slack channel and their IOTA twitter.
Though the api is quite intriguing because the use "troll" to name IOTA. I think Bittrex is going to add IOTA soon since it's on the major cryptocurrency markets like Bitfinex and Coinone which is the biggest exchange at Korea. Binance also added IOTA. I've heard also that Bittrex is also on slack channel few weeks ago. So at least it give us hope that they will IOTA soon to their platform. But unfortunately, i just sold my Miotas. Anyway, IOTA just made it to the 5th seed at the coinmarketcap and will surpass XRP soon(i just assumed).

You can buy thru their slack channel. https://slack.iota.org
Buying there is a bit stressful because it's quite complicated because they are using trading bot. So when depositing an amount, make sure you have not missed anything because youll lose your funds if its not the exact amount you entered. Anyway, you need an invite in able to enter their slack channel. It's on you to find out how. If still you can't find out how. Then try these markets https://coinmarketcap.com/currencies/iota/#markets
Iota is now 5th at the coin marketcap. I think it will surpass XRP market cap and make it to the 4th before this year ends.

Depending on what exchange you are going to trade. Bittrex has minimum amount when buying altcoins there. $8 i think is their minimum as far as i know. The fee is not included there. Of course they will cut your altcoins with .15% of the total altcoin you bought. But think about this. Transaction fee alone could cost you $10-$13. I don't think it's worthy to trade a very small amount. You should deposit atleast $100 and above. That should be fine. Anyway, trading with small amounts is fine also. But everytime you deposit. The fee is hurting you. So i suggest put all the amount you want to trade. So the fee is for one-time pay only. Anyways, goodluck with your trading.

Guess someone want to be first to add Bitcoin
https://news.bitcoin.com/cboe-beats-cme-market-will-launch-bitcoin-futures-december-10/

Ed Tilly, Chairman and Chief Executive Officer of Cboe Global Markets, said: “Given the unprecedented interest in bitcoin, it’s vital we provide clients the trading tools to help them express their views and hedge their exposure. We are committed to encouraging fairness and liquidity in the bitcoin market. To promote this, we will initially offer XBT futures trading for free.”

The price is skyrocketing at the moment. Unfortunately, i have as sold my Miotas for .00016 btc only. I missed the train. It's very interesting project to invest. Tangle is very interesting. Aside from that, transactions are free. The dev team is very active and have partnered with many huge companies like Bosch and other luxurious car companies. Look out for the next event nexy year. I think they are now going to add smart contracts soon. I am now waiting for this one to undergo on correction so i could buy some of it.

Bitcoin doublers are scams. No doublers are legit and paying. Evidence? Here https://bitcointalk.org/index.php?topic=1197091.0. Just avoid them. They offer crazy figures and make you wonder how can they do that in a short period of time? That is very suspicious. If doublers are true, i should be a millionaire by now. I have checked the site and i saw small amounts that has been deposited and doubled. They make all the amounts small to make it believable. Also the comment above me is right. It's a cheap domain(actually it's for free). Means the site is disposable site.

Binance is better IMHO. Bitfinex of course is one of the biggest exchange that still exist. But since Bitfinex was hacked. Many users there were stoled their funds. Many lose their trust to this exchange. That is horrifying. Binance is a good exchange. Actually im using this exchange and so far, so good. It's also the highest withdrawal limit for unverified account there with 2 Bitcoins. That's pretty huge. Bigger than any exchanges existing. Just one thing i don't like about Binance. Many altcoins that are listed there are shitcoins. But overall, Binance is good.

That's possible. I see some huge announcement recently like CME to add Bitcoin to their platform. CME is known major financial market in the world. This is a huge announcement for Bitcoin this year and expect other major financial markets to follow in the future like NASDAQ or NYSE. I think $13k is very achievable. Right now it's price is already at $11k+. It's just 2 grand to achieve that. Tha is small if were to ask. Actually im predicting Bitcoin to hit $15k before this year ends. In addition for this, is the upcoming hardfork. I think it will happen at the mid of this month.

It's impossible to replace Ethereum. If you look at the marketcap, you'll know thats impossible to happen. Cardano and Monacoin are good coins. But to say that it could replace Ethereum within 1,3,6 months? Nah, you're talking bullshit. Those coins doesn't even hit the top 10 at the coin marketcap. Also those are just a pump and dump coins, tbh. Ethereum is way way too far from these altcoins. Besides, Ethereum have upcoming event because they'd just released a new roadmap. I think it will Boom big big time. But anyway, time will tell.

There are, but they are very small in numbers. They are near to extinction since governments are really pushing them to implement AML/KYC. They need to comply or die. Bitsquare is one of the decentralized cryptocurrency exchange. I just don't know if they still existing. Theres not much choices for people who wants decentralized exchange. Most of exchanges are now in compliance with the standards and regulations of the governments. Anyway, you can still trade to other exchanges with no ID required. Try Poloniex and Binance. But i prefer Binance since you can withdraw funds there with up to 2 btc. Poloniex is good also but you can only withdraw $2000 per day. That's pretty low.

Definitely it's bad and impractical to use Bitcoin for shopping these days. The fee is killing us. $10-$13 still huge for the fee. Also still Bitcoin is not widely accepted on many stores worldwide. Like in my country (Philippines), it's very rare to see any store that directly accepts Bitcoin as a mode of payment for their goods you buy to them. The only thing you can do is convert Bitcoin to fiat. I think it's more convenient since cash is widely accepted and most of all, no fees to pay. Anyway, i will not use my Bitcoin unless it's very important. Bitcoin price is skyrocketing right now.

Bitcoin Pushes Canada Toward State Crypto Coin

You’ve read in these pages of the possible Cryptoruble, Russia’s attempt to stave off bitcoin. The European Central Bank and Swift is also trying to speed up its legacy payments processing in order to slow the popular digital asset’s ascent. But is the world ready for a Bank of Canada, state-backed cryptocurrency? Maple Leaf Coin? Le Coin Poutine? Coin Eh? Hoser Coin? The northern most American government appears headed in that direction.

Canada Central Bank Explores Own Crypto

Central Bank Digital Currency: Motivations and Implications (CBDC), is the title of a thirty page exploration by the Bank of Canada. Authored by Walter Engert and Ben S.C. Fung, the paper begins with the premise bitcoin and its surrounding technology “have raised the possibility of considerable impacts on the financial system and perhaps the wider economy.”

And while Canada is not particularly thought a hotbed of crypto activity, it does boast floppy-haired executive leadership seemingly ready to instruct a college course on quantum computing at a moment’s notice. If that wasn’t enough, the current Prime Minister’s half brother is a well-known bitcoin advocate.

If any country could pull off a state-backed cryptocurrency, it’s probably Canada.

“This paper addresses the question of whether a central bank should issue digital currency that could be used by the general public,” the CBDC paper begins. It’s goal is to arrive at “a benchmark central bank digital currency with features that are similar to cash.”

Pros and Cons

By nature, cryptocurrency enthusiasts are skeptical of government intervention, and especially when it comes to the question of technology undergirding the monetary innovation being used as government tender. Rarely does anyone expect a state currency in this regard to complete openly with the likes of bitcoin, but it probably is, in the end, a way to supplant the decentralize currency altogether.

Indeed, a state-backed cryptocurrency is probably the worst of all worlds. As any bitcoiner worth their salt will explain, bitcoin is not anonymous. In fact, with a few easily obtained parameters, distributed ledgers could be used as the most efficient way ever to track human trade and commercial habits.

To be fair, the CBDC paper poses this question, albeit in a roundabout way. They consider “whether a central bank liability that is accessible to the general public, like cash or [cryptocurrency], is desirable from a social-welfare perspective. Is it sufficient for a central bank to supply only reserves to qualified financial institutions? Put differently, is a
‘cashless society’ a sound outcome?”

A major concern beyond power-loss is seigniorage, the profit central banks make off of their currency monopoly. Bitcoin represents a serious challenge to it.

Perhaps as a way to preempt such a loss, it’s own cryptocurrency just might get a few more birds with that one stone: a viable alternative to bitcoin and the possibility of having “no transaction fees charged by the central bank, the benchmark [cryptocurrency] would probably be less expensive for merchants than cash and credit cards,” the CBDC guessed.

The report was quick to pivot, however, underscoring itself as only a suggestion and not officially policy. It also was keen to warn cryptocurrencies and distributed ledgers are so new that every precaution should be taken prior to rollout.
https://news.bitcoin.com/bitcoin-pushes-canada-toward-state-crypto-coin/

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This is destroying the purpose of cryptocurrency IMO. Cryptocurrency supposed to be decentralized. It's pointless to create state-backed cryptocurrency since people want decentralized and which is government cannot be penetrate.

Then time to buy again as soon as it dumps. Actually its the right opportunity to buy cheaper Bitcoin. These days it is rare to happen. Anyway, dumping is normal. Get used to it.  Bitcoin or any other cryptocurrecies are volatile in nature. Wild swings of price happens because it has smaller market. But wait until CME to add Bitcoin on their list. I think Bitcoin will never drop again below $10k because Bitcoin will be on major financial market. Means, a lot of players will join Bitcoin. That is huge. We can see Bitcoin at roughly $15k anytime soon. Don't fall in panic. That's my suggestion.

Definitely. You can't release your funds to Bittrex with your unverified account. They are not allowing unverified account to withdraw their funds.
You have to comply to KYC first to be able to release your funds there. In some rare cases, they are disabling accounts and tge users never recover their funds. That's really sucks. Those users are screwed. Back then, i really like Bittrex. But luckily, i was able to pull out my funds there before they screw with their clients.

No. Bitcoin transaction fee is not fixed. It only move because the network is busy and loaded at the moment. I think Bitcoin can only handle 7 transactions per second and that's pretty low. We all know that theres so many people who are using Bitcoin. Of course if you want faster confirmation time. You must be on a priority, which can cost you a higher fee in able to make your transaction fast. I heard also that someone is spamming the network with fake transactions to make transactions slower. The only one who benefits from this are the miners because they get high fees. That's why it's very impractical to use Bitcoin at any small transactions because of the crazy fees. Lightning network i think can fix this. The question is, when?

Definitely those ICOs that in compliance with the regulation of government. They are safer than any hyped ICOs out there. Theres a lot of hyped ICOs that raised huge amount of funds from their investors and then left their investors hanging. Coinfido for example, raised $375k and deleted the website after the ICO phase. This is horrifying story. That's why i agree that ICOs should be regulated. This is to protect investors from scammers. If you're really want to invest on ICOs. Then you should make a study first. Dev teams, roadmap, whitepaper and source codes are the things you should look. Actually identifying the teams alone can give you details if the ICO is scam or not.

I will probably buy bitcoin with that money. It would be less work. Besides, Bitcoin will pump again soon as a major financial market will add Bitcoin. You don't wanna miss that opportunity. I think Bitcoin will reach $15k before the year ends. Mining can be profitable if you have cheap electricity, cheap internet and cold environment since you need to cool your miner to avoid overheating. If you don't have this. I don't think mining can give you decent profit. You have to calculate everything first before making decision to mine Bitcoin.