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You can jail everyone who deal with narcotics, and fill the jails with such people. But it is not going to work. Dark markets will remain as long as the demand is there. And with time, they will get more innovative. The governments should treat drug usage as individual choice. Some of the governments (such as those in Uruguay and Portugal) have tried to decriminalize narcotic usage, and it resulted in many positives. Dark markets such as Silk Road made unadulterated drugs available to the users and prevented a lot of overdose deaths. Also, it reduced the incidence of street violence, as they users no longer had to rely on street vendors.
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As I am increasingly interested in investing some of my money in digital gold for the long term and I will invest around 40% whether this is good.?
give your opinion.
And I want to know a few articles about digital gold may be shared here.
thank you
I guess you are talking about gold ETFs (they are known as paper gold, and not as digital gold). I have also invested in them, and currently gold ETFs comprise 5% of my portfolio. There are both merits and demerits in investing in them. Most important of them are: Merits: 1. They are easily tradable 2. No making charges 3. Easy to store 4. More tax efficient than physical gold 5. Can be used as collateral for loans Demerits: 1. Gold ETFs can be redeemed only in cash, and not in physical gold 2. ETFs needs to be selected carefully, depending on the bank issuing them 3. Exists only in digital form, so you can't showoff. |
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IMO, The reason why crypto people do not understand the tax and capital gains of Bitcoin is that in the first place they went business to Bitcoin to avoid it. They were able to do so, but here we are being taxed with the alternative we had so we can avoid the taxes. (I'm actually being honest with this)
My assumption is if you are using cryptocurrency on your daily basis and as your primary transactions method, that is the time you might need to check the topic regarding tax and capital gains. But if you are using cryptocurrency with a harmless amount of assets, you can definitely ignore it.
It's on you to check whether you can operate in relative impunity or whether you're crapping all over your local rules. They're not going to care that you didn't realise. Some places operating in ignorance is fine. In others you could be building up a whole load of future pain without realising. Can't put it any better than this. I would say that "ignoring" is not a real option that is available to us. I am residing in Singapore, and here the tax authorities are very strict with the liabilities. I can't make statements for the other jurisdictions, but I really doubt whether the situation is much different than what we have here. For moderate amounts, you can "ignore" the tax liability, but in the end everything depends on your luck. You may get away with it, or you may get caught. If you are unlucky, then the punishment may not be limited to a simple monetary fine. |
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Corona virus has so far caused tens of billions of USD worth of financial losses in China, and the economic toll is climbing with every passing day (for comparison, the estimated loss from the SARS outbreak was $40 billion). Now I don't think that this is going to benefit Bitcoin in any way. The Chinese citizens remain one of the largest groups of Bitcoin users and if they have less money to spend, then they will start dumping their cryptocurrency holdings, and naturally the exchange rates may plummet.
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That is something I am thinking as well, even though the statistics were right of the number of wallets that own 1 Bitcoin and more, there is a sure thing that 1 person owned multiple Bitcoin addresses from it, this is for security and personal reasons as well so we can not dig up why they had such enormous number of Bitcoin I also had other 2 Bitcoin Adress but I am currently sticking to one because I don't really have the number of Bitcoin to circulate it in multiple addresses,
Furthermore, this kind of thing is pretty normal back in the days when people are just mining and earning with faucets, and a lot of people that keep forgetting their wallet passphrase or password, but I don't know if multiplying your Bitcoin to a number of wallets can make an impact with its price.
I got my first mBTC sometime in 2012, and ever since that date I have created dozens of Bitcoin wallets. I have/had accounts with dozens of cryptocurrency wallets and they alone should number ~20-25. On top of that, I had created a dozen or so wallets in Blockchain.info, before moving my coins elsewhere. It is hard to calculate, but my guess is that I may have created close to 100 Bitcoin wallets. As of now, I am storing my BTC in around a dozen different wallets (including exchange wallets, online wallets, hardware wallets and paper wallets). |
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This sim swapping hack is seriously horrible, nearly all services use sim ID for verification, it’s just a matter of time the entire banking to be plagued with sim swapping hacks too, any counter measure would be futile.
A few days back, I had to swap my 3G SIM for one which had 4G. It went well, but I was very concerned. As a precaution, the telecom provider blocked the SMS facility for 24-hours. I think this prevented a lot of scam attempts, as in the majority of the cases the criminals are making use of the SMS loophole. But two questions are unanswered here. How did the criminal came to know that the victims had this much money in their cryptocurrency wallet? And secondly, how he was able to hack the Google authenticator? |
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So you are investing only around 1/3rd of the total amount in Bitcoin and the remaining 2/3rd would go towards altcoins. I would say that it should be the reverse. 2/3rd of the investment must be made in Bitcoin, as the altcoins are extremely volatile. And secondly, I would love to see some of the Bitcoin forks in the portfolio (such as BCH and BTG). I am not a big fan of the forked coins, but they are doing well lately. And lastly, I would advise against investing in BNB, as it is an exchange coin and looking over-priced at current rates.
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Long back, in 2018 I used to stake Deep Onion. I had participated in their bounty program and received coins worth a few thousand USD. And I earned even more by staking my coins. But that coin had a very unique staking algorithm. The staking rewards got reduced by 90% after one year and after that it was no longer profitable to do the staking. My laptop is quite old and nowadays I can't use it for staking for too long. Earlier, I had also tried my luck with a few of the smaller altcoins, but the rewards were low. Only Deep Onion gave me significant rewards.
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It is very difficult to make assumptions regarding the data extracted from the wallets. Most of the individuals may be having more than one wallet (I myself have dozens of BTC wallets). Also, some of these wallets may belong to gambling sites, exchanges.etc. I would say that the only reliable information regarding Bitcoin ownership comes from the leaked Mt Gox data. Mt Gox had made KYC mandatory, so we can assume that the data is having a high level of accuracy. BTW, an user of this forum (rpietila) posted some stats a few years back. You can check them here: https://bitcointalk.org/index.php?topic=316297.0 |
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Warren Buffet himself is very hostile to the idea of Bitcoin and his ideas are obsolete by at least a few decades. He did made the advice of not investing the entire amount in one stock. But that advice was made regarding the stock market. There are tens of thousands of stocks out there, and you have a large variety and huge number of options to make your decision. But the same is not true with the cryptocurrency market. There are only a few cryptos which are not copycats. Diversifying your investment is a good strategy. But that doesn't mean investing in copycats and shitcoins.
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The last time I checked, cryptocurrency mining was consuming less than 1% of the total electricity generated every year. Even if we consider all of that electricity is generated from thermal power plants, the damage to the environment is much lower than that caused by the room heating systems in various nations. So is Elianor Saitta going to ask the authorities to confiscate all the room heaters, air conditioners, dishwashers.etc? Knowing how lunatic these environmentalists can be, I won't be surprised even if she asks the government to imprison everyone who uses electricity.
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Yes, you are making a similar argument as me that we should acknowledge and embrace bitcoin's use by criminals. It is a part of what gives its value. Good on us hehehe.
In any case, part of my criticism is to those people who shout for no regulation and freedom, however, shout for the SEC to catch ICOs because they are unregulated and illegal securities.
If the SEC was serious about preventing crime, then they should have allowed cryptocurrencies and their derivatives to be traded in NASDAQ and other exchanges. They have rejected the ETF proposal multiple times and this has forced the ordinary users to rely on shady exchanges. Also, the SEC has made it mandatory for the crypto-exchanges to conduct KYC of the users. If someone wants to exchange his $10 worth of bounty, he needs to undergo KYC. But the ICO promoters don't have to go through all these. They would just launch their ICOs from some country where it is not regulated and once they collect enough funds, they will vanish with all of that. |
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There are hundreds of Bitcoin forks out there, and this number may increase in the future as well. But the big question is how many of them are having practical usage? Bitcoin is used as a mode of payment in a lot of stores and shops (both online and offline). To certain extent, the same is true with Bitcoin Cash as well. Bitcoin SV is struggling in this regard, but there are a few shops accepting BSV as well. But what about the other forks? They don't really have any real usage, apart from being used in speculative investment.
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Bitcoin is wasting electricity? That sounds like a statement from someone who wants to paint bitcoin in black. BTW, I don't seem to understand how bitcoin is harmful to environment (considering the fact it isn't physical but digital).
Now mankind is massively switching to the use of solar panels, wind farms and other renewable energy sources. Their production and use is becoming cheaper. Therefore, the use of electricity for the extraction of bitcoins and other types of cryptocurrency cannot be a real problem. When mining cryptocurrencies, heat is generated that can be used to warm homes and for other people’s benefits. The problem of environmental pollution during cryptocurrency mining is completely contrived. This is no more harmful than ordinary production. Even solar panels are not 100% environmentally friendly. Harmful chemicals are used during manufacturing of solar panels. The same is the case with all those mining rigs and graphics cards. And also, the electricity currently used for Bitcoin mining can be rather used for providing power to hundreds of millions of people, who are without it as of now. I am not a big supporter of the PoW mining. It makes Bitcoin vulnerable, as a 51% attack can be executed if you have enough processing power for a few hours. |
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Markets are mostly flat and we have only a couple of months to go for the next block reward halving.... Total market cap: $239,317,626,143 Bitcoin: $157,427,748,442 (65.782%) Bitcoin forks: $11,984,947,635 (5.008%) Stablecoins: $5,455,341,503 (2.280%) Altcoins: $64,449,588,563 (26.931%) This is the change compared to my last post: Bitcoin: -0.050%
Bitcoin forks: -0.647%
Stablecoins: +0.034%
Altcoins: +0.662%In just 10 days, there has been a lot of changes in the cryptocurrency market. Bitcoin forks (BSV, BCH, BTG.etc) have gained a lot of value and market cap.
Total market cap: $242,550,280,107
Bitcoin: $159,675,281,325 (65.832%)
Bitcoin forks: $13,715,046,086 (5.655%)
Stablecoins: $5,446,038,315 (2.245%)
Altcoins: $63,713,914,381 (26.268%)
This is the change compared to my last post:
Bitcoin: -2.351%
Bitcoin forks: +2.508%
Stablecoins: -0.296%
Altcoins: +0.138% |
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In just 10 days, there has been a lot of changes in the cryptocurrency market. Bitcoin forks (BSV, BCH, BTG.etc) have gained a lot of value and market cap. Total market cap: $242,550,280,107 Bitcoin: $159,675,281,325 (65.832%) Bitcoin forks: $13,715,046,086 (5.655%) Stablecoins: $5,446,038,315 (2.245%) Altcoins: $63,713,914,381 (26.268%) This is the change compared to my last post: Bitcoin: -2.351%
Bitcoin forks: +2.508%
Stablecoins: -0.296%
Altcoins: +0.138%Market remains as volatile as ever... and these are the latest stats:
Bitcoin: $135,861,539,483(68.183%)
Bitcoin forks: $6,268,961,414 (3.146%)
Stablecoins: $5,062,848,309 (2.541%)
Altcoins: $52,066,479,871 (26.130%)
This is the change compared to my last post:
Bitcoin: -0.068%
Bitcoin forks: +0.474%
Stablecoins: -0.091%
Altcoins: -0.315% |
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Bitcointalk Username: bryant.coleman
Post Count: 18,949
Btc address: 3PW5LiCJhoZrJc3HHbZVkjZNhZtH2fUZeH
Forum Rank: Legendary
Your LuckyBit username: bryant.coleman
Avatar: Yes
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Market remains as volatile as ever... and these are the latest stats: Bitcoin: $135,861,539,483(68.183%) Bitcoin forks: $6,268,961,414 (3.146%) Stablecoins: $5,062,848,309 (2.541%) Altcoins: $52,066,479,871 (26.130%) This is the change compared to my last post: Bitcoin: -0.068% Bitcoin forks: +0.474% Stablecoins: -0.091% Altcoins: -0.315% And this is how the coins stand right now:
Bitcoin: $129,411,415,025 (68.251%)
Bitcoin forks: $5,067,308,294 (2.672%)
Stablecoins: $4,990,760,304 (2.632%)
Altcoins: $50,142,227,900 (26.445%)
This is the change compared to my last post:
Bitcoin: +2.069%
Bitcoin forks: -0.341%
Stablecoins: -0.042%
Altcoins: -1.687%
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