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I chose the tactics of long-term storage of coins. I don't care how much is bitcoin now. I look at the price only when I need to remove a few coins to exchange for Fiat. It seems to me that constantly looking at the bitcoin price to those who trade on the exchange and the newcomers.
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It seems to me that people have turned bitcoin in God and now pray to him in the hope that it will enrich all. Can't all be rich. It is beyond the power even of God. Why do you believe in such optimistic forecasts? The growth of bitcoin 10 times in one year is unlikely. It seems to me that if the price held at about $ 5,000 is already a very good result.
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Getting a job is not possible for everyone, not everyone has family or [friends] to help them and sometimes they will make the bad situations even worse them. If you've ever really needed money and were very desperate, than you probably know that people would let you starve to death rather than give you $5.
It's weird how people won't toss out just a few dollars to help someone in need, yet they'll spend $10000 or more on their pet that has an average life span of under 5 years.
But then again, if you give the person in need money, they'll keep coming back for it. It's a real crap shoot
Professional beggars can earn on gullible people a lot of money. This is just one reason why I don't give them money. Another reason is because many of the beggars are alcoholics. You give him the money. He will drink alcohol and kill someone or cripple in a drunken brawl. You will be indirectly responsible for this tragedy. And the third reason is that we do not know why God punished the man when he made him poor. I have no right to intervene in this situation and to mitigate the punishment. |
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No coins will soon be used in everyday life. It does not depend on the ban of the government. People do not want to waste your coins. Everyone wants to capitalize on the rising prices and therefore bitcoin is currently not in currency. The transaction cost is higher than the cost of a Cup of coffee so no one will pay coins even if such proposals will be. What to do if the transaction is delayed? You will wait a few hours of receipt of payment? Lol. To return a transaction is also not possible.
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It's not easy. At first you have to find out a good location to construct your company. Then you have to find out new employees. Beside it'll be really hard because of language and currency differences and it's not easy to get bussiness license when you're a foreigner. The last one make me think this case is almost impossible is financial problem, it's required a lot of money to move your company to another country.
To move the company to another country is not difficult if your company does not have production facilities. The language barrier and mentality is not a problem if you bring to the management of a local resident. Many countries are now creating more favorable conditions for foreign companies to attract investment. OP was referring to companies that use in their activity of bitcoin. These companies do not have production facilities for them, moving won't be a problem. Sometimes it is enough just to transfer your site to another jurisdiction. |
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That's true you can't be the sole owner of a bank account when under 18, but you can be the owner of a BTC wallet with much more value than your parents' bank account.
I don't agree with this rule that prevents minors from owning money, but it's been made because minors aren't prosecuted for their actions like adults. If they could have an account and register a business, adults would have used them as frontmen for illegal activities, knowing that they won't get incarcerated for it.
It seems to me that if you wish no problem to circumvent the requirement to provide the documents for registration. For me the important issue is that we don't know when and where our data will be provided. For this reason, I do not think bitcoin is an anonymous currency. All those who say about his anonymity only to lull our vigilance. |
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They were doing more than just trading, they were running an exchange. Running an unlicensed exchange is risky business in any country.
But I find this sentence from the OP article to be most interesting:
"He further said that if found guilty the suspects will be punished under the prevalent laws of Rastra Bank."
Are finacial laws in Nepal set by the bankers?
Running an exchange is just facilitating trading. In most countries, cryptocurrencies are not recognized. Then how will you get a licence and which regulator will you approach. This shows that maybe Nepal is not bitcoin-friendly. All countries are not friendly to bitcoin and altcoins. There are countries which prohibit the use of bitcoin and other countries which occupy the waiting position. In fact, the bitcoin could have a significant impact on the economy therefore poses no threat to the state. governments are afraid of losing control over people. Very difficult to control the person if he has stable income. This is the main reason why governments are afraid of cryptocurrency. |
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From what I've read in different threads and articles you don't have to pay taxes if you're earning coins without turning them into fiat or other physical goods. It's not because you shouldn't do it, but because nobody can prove how many coins you own. When you convert it into fiat, you'll get the money into your bank account, which connects the wealth with your real ID. Same thing happens when you buy a car or a house.
Totally agree with you. I do not understand why do not understand the miners and the developers. Instead of uniting efforts to create conditions stimulating the development of trade and the spread of the use of bitcoins directly without exchanging for Fiat they are fighting for profit. |
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I don't think hard forks will ever be a threat. They're improved Bitcoins, to a degree, but being premined hurts them. Other altcoins are more of a threat, but I don't think the one that will eventually topple Bitcoins has been born yet. Ethereum can come close, but it has several issues of its own.
a hard fork that was supposed to be a threat to bitcoin users, is turning into an advantage. for example that happened in august, hard fork that makes bitcoin split in two, this even become the advantage of some parties, so I think only altcoin trigger the threat, because coin that is broke Hard fork has been considered as a threat when it happened months back. Soon after this the growth started to progress in a large scale and the same could happen in the upcoming fork. So people who has the plans of investing into bitcoin its good to have patience and till the fork, the price might get dumped and will grow in a short. By nature I am a conservative. I don't like change. Why change something that is good? I am surprised by the position of those who rejoice fork. You do not understand the fact that every fork is bad. Who would trust a currency that has constantly divided and unpredictable price? Even if the price of bitcoin will grow after the fork it will be a blow to the image. With this approach, today you will earn 1 dollar and tomorrow will lose $ 5. |
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I use to store their coin purse Xapo. Convenient service but recently, they require verification. For this you need a passport. CEX also requires documents. Probably gradually collects data from all users of bitcoin and in the future the state will be able to control our income in cryptocurrency. Now you can ask to help you friend who is over 18 years of age to register for an account but as soon as governments start to demand payment of taxes you will have problems.
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Not all governments ban bitcoin because I don't know what to do with this invention. Ignore use cryptocurrency, they can not. There is a constant outflow of investment into the cryptocurrency. Today, it is not critical but the process is gaining momentum and can significantly weaken the economy in the first place developed countries. It is hard to deny and difficult to subdue. Here the government and sit as a dog in the manger.
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A very primitive attempt at advertising. You can come up with something smarter and more creative. Such silly attempts advertising can only repel potential investors. I for one think that it is a Scam if it is trying to promote such a stupid manner. Recommend to your bosses to hold the company with the help of signatures as do the rest.
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I do not believe that it is now possible to find many willing to do business with bitcoins. It does not depend on the country in which you want to start such a business. Bitcoin is now a full-fledged currency. Users turned it into an investment and don't want to part with their bitcoins. Your business will suffer from a lack of buyers in any country.
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No one now knows how to behave in price of bitcoin. The fact that the price is stable this is a good result. All expect growth and do not understand why it needs to grow. It does not happen that growth is infinite. After the stabilization of the prices we can see the outflow of speculative capital from bitcoins and the price is very much fall. Why nobody think about it?
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There is surely a lot more optimism in the market than one month ago. But still the danger has not passed away.
We are still inside of what could be the second bounce after an important high (the ATH of just below $5000). The bounce got really high, but its high has still not reached the values of the previous bounce ($4600-700, reached after the first bigger dump down to ~$3950). If we don't break this value, then a bearish outcome is more likely.
There are also still fundamental risks to be considered, above all a bad outcome of the Segwit2x fork in November - it has become a bit less likely because Segwit2x lost a bit of traction, but it is still possible.
I don't think anyone is doubting that segwit2x hardfork will not happen. It WILL happen, anyone can fork at any time of the day. What matters is that the fork is resolved quickly, similarly to Bitcoin Cash. It has already been solved, we all know Bitcoin Cash is an altcoin and has no real chance at #1. Now we got the scammers on Segwit2x trying to turn their chain into the only chain by trying to destroy the legacy one. This is why this situation is not exactly like Bitcoin Cash. At least Bitcoin Cash had the decency to add replay protection and compete on the market. S2X scammers are scared to fight in the market because they know people will dump it for real BTC. I don't support neither one nor the other. Each of them has contributed to undermine the credibility of bitcoin. Unfortunately bitcoin is experiencing some difficulties due to its decentralization. Can be for the community it'd be better if bitcoin had a Central control point. This control center will come in handy to fight the governments when they start a war. |
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The forum is Chinese and I never heard from them stating that China really has what kind of action to ban. It seems to me that it really is fake. Whales are constantly spreading the news constantly and then become even more rich. Those who sell their coins during the panic not only loses his money but makes things easier for the whales to destabilize the situation on the market in the future.
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I disagree with you. The popularity of bitcoin is growing precisely for the reason that now all over the world have problems with the financial system. The economies of all countries have to lend to the U.S. economy. This leads to the impoverishment of countries and people and therefore people are looking for other sources of income.
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Which of these two is going to fetch higher prices? What do you guys think?
BCC has failed to get high enough to be called a real contender. Will the new one beat it and get closer to dethroning the king?
You posted this thread in wrong section.It should be moved to 'altcoin speculation'.Now to your question none of these altcoins can be compared with bitcoin and they never will come close to bitcoin(in terms of price).I think Bcash will keep going as it is forever if not dead soon.Bgold has not support from major parties and doesn't have a future.I will dump that at any price i get as soon it hits the exchange.  As Bitcoin gets gold in exchange if you say that it is not supported? Who's gonna pay? I'm generally skeptical of coins that are handed out for free. A new project which begins with loss is not practical. I am sure that not only are these altcoins but all the rest will never be closer in price and popularity to bitcoin. |
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I even feel funny when I read the news about Russia. On the one hand, saying that the blockchain technology will help to control officials. Lol! It is in such a corrupt country like Russia? Do you believe that? On the other hand says that the meeting closed. Why hide from the public a good thing?
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If payment of real estate for bitcoin is made in a country that does not recognize the digital currency as a means of payment, then this is a very interesting situation. Apparently, there must be a special law or subordinate act that explains this issue. Many issues related to crypto currency have not yet been regulated by the state. Therefore, they are decided at the discretion of the citizens themselves.
In order to make a deal on the acquisition of real estate in any country you need to execute legal documents and pay taxes. This must be a expert estimation of property value in the national currency. This price will determine the amount of taxes. |
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