As far as I know by default may tax naman talaga, since almost kahit ano naman atang 'income' is under income tax. Ang tanong lang is kung magbibigay sila ng separate tax rates for cryptocurrencies.

As for rug pulls and bad investments — pag sa ibang bansa, as far as I know under tax loss ung rug pulls at ung bad investments/trades in general, so may parang bawas. Kaya may mga mautak talaga sa finances na nagcclose sila ng bad trades para sa tinatawag na "tax loss harvesting". Not sure dito sa Pinas though.

It's the typical create-as-much-advice-threads-as-you-possibly-can strategy in the hopes of someone giving you merits. Being unnecessarily rude is definitely not the way to go, but a lot of times it's pretty difficult not to be.

Next topic title: "Reach for the moon. If you miss, at least you'll be among the stars."

Criticism is almost inevitable in whatever you do, inside and outside Bitcointalk. If you're going to give up just because you're being criticized(regardless if you deserve it or not), then you ain't getting anywhere. If you're going to surround yourself solely with people that are just going to agree with you or what you're doing, you're going to fail catastrophically.

While it's totally possible — yea, the last time I've heard of a 20k+ prediction was like what? 4 minutes ago? Some original content right here!

They're safe enough assuming you actually do everything right.

1. Though they're pretty hard to fake, make sure you actually bought a legitimate hardware wallet
2. Only write down the 24-word backup. Do NOT store them digitally (.txt file, .word file, notes app, email, etc)
3. Make sure you're downloading the correct software from the wallet manufacturer's website. Or to be safe, connect your hardware wallet to Electrum instead
4. Use a good enough PIN (don't use something stupid like 0000 or 1234)

Not to be rude — but if you're asking us (or need our confirmation) before you make your decision, you probably don't understand what you're planning on investing in yet. Obviously, the 'right' pick for you would be whatever of those cryptocurrencies you think would give you the most gains after a certain time span; also taking into consideration risk/reward odds.

Of course, you don't necessarily need to go all-in on one coin as well. You can just decide on a certain portfolio allocation.

True, but that is today. Assuming that bitcoin gets more and more expensive in the future, we're going to use a lot more of the hundreds and thousands range of sats rather than millions; depending on what you're buying of course. Whereas with bitcoin, the decimal would just move further and further and would add more and more zeroes. Using sats this early is just for future proofing.

Yeap, I know the chances of sats being adopted as default is somewhat wishful thinking. One man can dream though!

Report it to the authorities. It's very likely that it will amount to nothing, but you really have nothing to lose by trying.

Also, probably report this to the likes of Binance and such. Maybe you get lucky and the scammers end up sending the funds over to major exchanges like Binance. Don't get your hopes up though.

I'm definitely not saying it's impossible (because it's always a possibility) — but if you've been in this industry long enough, you'd immediately realize that you shouldn't listen to these so-called "eXpErTs".

Also take note that for every bearish "expert", there will always be a bullish "expert". Listening to them is a total waste of time.

But whatever, if it reaches $8k, I'll be really happy.

Obviously buying cheaper is better, but how do you know how cheap it will reach? It's possible that it will, but what if bitcoin didn't reach 19k at all?

If you don't know what you're doing and you only want to invest for the long term, just do dollar-cost averaging. https://dcabtc.com/

Lol pretty much. Bitcoin's default high unit price gets a lot of newbies to buy "cheaper" (shit) coins because of the "bitcoin is too expensive I can never get 1 full bitcoin" narrative. Using sats as default on almost all platforms fixes this.

That, and if we want to put more emphasis on bitcoin as 'money', paying "17k sats"(hopefully far lower in number in the future) is far better than paying "zero point zero zero zero seventeen BTC" for a cup of coffee. Using decimals is horrendous UX.

Obviously it's going to be extremely difficult because it's going to need mass consensus and a lot of organizing, with preferably with most platforms switching to sats at a certain exact day and time. But yea, tbh if I was a famous bitcoin personality(that's rich enough to not need to work a day of my life), I'd spend most of my time pushing this narrative. I think it's far more important than most people think.

I wouldn't bet on it, but I think there's a decent chance that we're not.

1. We didn't have a huge blow-off top
2. We already had a big and fast market cleanse (the stock market crash helped significantly imo)
3. The S2F model broke
4. We have far more institutional adoption
5. Fears of a bigger recession/inflation/stagflation

tl;dr we're in an uncharted market situation with all the unconventional things going in, and there's A LOT of market uncertainty.

Breaking the 4 year cycle doesn't necessarily mean that we'll reach ATHs faster though, it could also mean that it'll take longer for us to reach a new ATH.

Before the crash, UST had a marketcap of around $18.5b, and in just around 6 days it's down to around $1.4b. All that sold UST was mostly sold for Curve-supported stablecoins like DAI/USDT/USDC as they had the most on-chain liquidity.

I sound like a broken record by now — but when using any service that's going to require you to deposit money (inside and outside the cryptocurrency space), always stick to the well-known and reputable ones.

Yes. The main trading pairs are mostly against USDC/ETH now simply because of the liquidity on on-chain AMMs like Uniswap. Obviously BTC/altcoin can't be a trading pair on an on-chain AMM, so the default is USDC or ETH. People aren't fans of wrapped bitcoin(wBTC) for obvious reasons.

I don't know what the FX-Chain thing is — but the way you describe it, it sounds like a typical scam. They're pretty much just asking you to send more money so they can siphon as much money as they can from you before they just run away with the funds. Sorry bud.

I'm not 100% sure, but I think you can. It's just that bank transfers are obviously faster (pretty much instant), as manual bank transfers can take time because of queues and stuff. You could have potential problems with all those delays. Take note that Binance P2P transactions has a 15 minute window.

1. Trezor and ColdCard are fully open-source
2. If you don't trust any of them, you're not forced to use their own software. You can simply connect your hardware wallet to the likes of Electrum
3. The scams are concerning phishing(or social engineering in general), not problems with the hardware wallets themselves

P.S. If being open-source is a big deal for you (which is very understandable), I sure damn hope you're using Linux, not Windows or Apple.

* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

Why not just use one Ledger/Trezor hardware wallet? That's ample security already. And if you want to take it one step higher, probably use multisig with multiple devices, or the shamir secret sharing scheme. A Ledger Nano S is only like $70 or something.