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@Pierre 2. I reckon the next storyline for the continuation of the pump on bitcoin is the approval of an ETF by the SEC in America. This is where the biggest institutional investors and international funds can put trust and invest billions. Canada and Brazil have approved their own ETF for bitcoin, however, America, some countries in Europe and Asia are the homes of the biggest investors.
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@Baofeng. There were only a very few altcoins that pumped when the small dump occurred on bitcoin. However, agreed! It does not appear to be the time of the bear pouncing on the market but we have to be always ready for this. This implies begin reducing trades with leverage hehe.
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@YOSHIE. Hhehehe the Netherlands? We should call him Kevin Dutch hehe.
The result of this fight might be shocking for many. I mentioned in the UFC prediction thread that I was with team Brunson on Brunson vs. Holland, however, Vettori does not have Brunson’s wrestling skills to avoid Kevin Dutch’s stengths.
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Help me understand this hehe. If Ripple wins this case and was proven and declared that XRP is similar to Bitcoin and Ethereum, did the court just declared something technically centralized as decentralized? Will the courts be the decision makers on what is decentralized in future cases? I shake my head. There might not be a need for real decentralized cryptcocoins hehehehehe.  As reported by U.Today, Ripple Labs, CEO Brad Garlinghouse and co-founder Chris Larsen filed the joint motion to compel on March 15, accusing the SEC of withholding evidence. The company's lawyers assert that XRP is similar to Bitcoin and Ethereum.
However, the regulator claimed that the documents were not relevant to the case since the aforementioned cryptocurrencies are fundamentally different.
Ripple will not scrutinize the regulator's minutes or memos to find any mentions that could bolster its case.Read in full https://u.today/breaking-ripple-scores-first-legal-victory-against-sec-as-judge-grants-its-motion-to-compel |
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I reckon I should stop calling Michael Saylor a larper hehehe. It appears that he is in the lead in supporting this market presently with the absence of buyers needed to pump bitcoin to $60,000. However, how long can he sustain this?
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@o_e_l_e_o. That was the basis for my argument. If Kraken has not handed them to the IRS how can the IRS accuse and fine the user for wrongful self reporting?
In any case, I change my prediction. The skeptical me now thinks Jesse Powell might be pressured to give everything the IRS needs hehe.
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Cloudbet,
Am still waiting. Been 24 days and am waiting for my withdrawal. Give me an answer so I can atleast move forward and get some action or something. It has all been fair on my part still you are keeping me waiting for my 25086 USDT.
Hi rajatabbey1234, our compliance team is following your case closely, you will receive an email from the support team as soon as the account verification has been fully completed. @Ronnie. I have encountered similar types of problems from sportsbooks before, however, none of them took 24 days to find a resolution. Everything was resolved with only a maximum of 3 days. Is his case an unusual case? |
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Just thinking wont this also enable us to transfer Bitcoin to Paypal and then transfer to a
bank account and potentially avoid paying TAX on it?
Also using Paypal to buy goods where the merchant doesnt accept Bitcoin can also
help us avoid paying TAX instead of liquidating Bitcoin to FIAT in order to buy goods.
How would you avoid being taxed if Paypal can be pressured be the IRS or another government department to cooperate with it? They are starting to do it with Kraken. This is why I speculate that Paypal will never enable cryptocoin withdrawals. It will be a compliance nightmare. |
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@Fundamentals Of. You might be right but you also oppose what you said. You tell me that the bear is around the corner, however, you also tell me that the current all time high is not the top. How can anyone be certain the bear has not come out of the corner?
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@o_e_l_e_o. The argument is the IRS will know if the self reported tax reports are wrong only if it has all the information about the trading activities in Kraken which they presently do not have. Also, does the IRS have the authority to demand all their customers trading information? Does this not break privacy protection laws?
In any case, my prediction is the same. Kraken will leave the American jursidiction to avoid the government’s abusive tactics and the complaince nightmare.
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The event will be very bullish however I don't want another CME Bitcoin futures launch to happen. Basically everybody was excited about BTC futures and as soon as they launched, it was the peak of the 2017 market.
With Coinbase IPO it might be the exact same event. The stock might be a huge hit and it will directly affect BTC and cause it and other cryptos to rally however there is a chance that it might peak then and start to go down hill.
I am uncertain about this because everyone is so presently very bullish on bitcoin, however, I am beginning to suspect that bitcoin has reached the top. RSI indicator is creating lower highs. Also, each pump attempts on new all time high are weak. Am I crazy for considering this?  Yes. Just kidding.Hehehe in all honesty that was the answer I was hoping everyone would say. Who wants another bear market? Certainly not me. @Fundamentals Of. Yes the top was reached on the $60k level. Attempts to pump more than that appear to be weakening. I am only speculating weakness based on the lower high on the RSI and the weakening of pumps. I am not a pessimist, I am a realist. You do not think the bear is always ready to pounce anytime? |
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The event will be very bullish however I don't want another CME Bitcoin futures launch to happen. Basically everybody was excited about BTC futures and as soon as they launched, it was the peak of the 2017 market.
With Coinbase IPO it might be the exact same event. The stock might be a huge hit and it will directly affect BTC and cause it and other cryptos to rally however there is a chance that it might peak then and start to go down hill.
I am uncertain about this because everyone is so presently very bullish on bitcoin, however, I am beginning to suspect that bitcoin has reached the top. RSI indicator is creating lower highs. Also, each pump attempts on new all time high are weak. Am I crazy for considering this? |
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@Darker45. The first impression I had is the IRS does not have the capabilities or the legislation to enforce taxes on trading in the cryptospace. They are using abusive tactics to scare the users that might cause them to honestly file their taxes.
What would the basis of the correct amount of taxes if the IRS cannot tell the user how much it should be?
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Did anyone read? I am shaking my head on this case. The IRS was telling Kraken users to self report their taxes. The users self reported their taxes and the IRS said they were wrong. Users ask the IRS how it should be, however, the IRS said no and they will fine users for filing their tax reports wrong hehehe.
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What are the odds on this fight? I wanted Tyson Fury at first, however, all the hype is behind him and the sportsbooks might make him the big favorite. Similar to the UFC, hyped fighters are bad bets hehehe.
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If you ask me, bitcoin presently is slowing down with the pumps becoming weaker on the market. I reckon only more institutional investors’ billions can push this to the predicted $100k target and it appears an approval of an ETF by the US SEC might be one of the ways. However, is Coinbase’ IPO another way or is the IPO positive only for Coinbase? Coinbase announced that the SEC validated its proposal for a public direct listing of its stock. The ticker “COIN” will officially start trading on the Nasdaq Global Select Market on Apr. 14, 2021.
In another press statement, Coinbase also announced they would hold a conference call on Apr. 6 to discuss the financial results of Q1 2021.
These are expected to be positive as the crypto market as a whole enjoyed an excellent first quarter with levels of retail interest unseen in years.Read in full https://cryptobriefing.com/coinbase-announces-april-14th-direct-listing/Do you call this weak pumps?  I don't. We get used to the good stuff right away and it seems that if we encounter a little resistance after we've been beating ATH after ATH almost daily, there's something wrong. Regarding Coinbase, I understand that it may have some influence, but what's going to get us to $100k is going to be the aggregate of institutional demand and reduced supply. Yes I know bitcoin has been the best performing asset if comparing it to traditional assets, however, what I have observed was since February 21 the pumps have encountered much resistance. Coinbase IPO might not affect bitcoin and the cryptospace directly, however, it might help larp our cause to the mainstream and say the cryptospace has arrived hehehe. This might attract more investments on bitcoin from institutional investors. |
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Cloudbet,
Am still waiting. Been 24 days and am waiting for my withdrawal. Give me an answer so I can atleast move forward and get some action or something. It has all been fair on my part still you are keeping me waiting for my 25086 USDT.
I understand your frustration, however, has Cloudbet not replied to all your messages and emails? Have they asked for KYC or any type of verification from you? I reckon Cloudbet has no intentions to freeze your withdrawal unless they see that something is wrong. |
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If you ask me, bitcoin presently is slowing down with the pumps becoming weaker on the market. I reckon only more institutional investors’ billions can push this to the predicted $100k target and it appears an approval of an ETF by the US SEC might be one of the ways. However, is Coinbase’ IPO another way or is the IPO positive only for Coinbase? Coinbase announced that the SEC validated its proposal for a public direct listing of its stock. The ticker “COIN” will officially start trading on the Nasdaq Global Select Market on Apr. 14, 2021.
In another press statement, Coinbase also announced they would hold a conference call on Apr. 6 to discuss the financial results of Q1 2021.
These are expected to be positive as the crypto market as a whole enjoyed an excellent first quarter with levels of retail interest unseen in years.Read in full https://cryptobriefing.com/coinbase-announces-april-14th-direct-listing/ |
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Canada approved another ETF and Brazil approved their first. We are in the 2nd quarter, however, it remains we do not have an ETF approved by the US SEC. I reckon with bitcoin’s pumps being weaker, the holders might begin to become more desperate for an ETF approval. The market needs more institional buyers to push the price to $100k. Canadian digital asset manager 3iQ Corp announced Thursday it has inked an agreement with investment firm CoinShares to launch a new bitcoin (BTC, +0.47%) exchange-traded fund (ETF).
In an announcement, 3iQ Corp said CoinShares has partnered with the firm to launch the 3iQ CoinShares Bitcoin ETF. Trading under the ticker BTCQ, the vehicle for investing in bitcoin without holding the digital asset itself will be listed on the Toronto Stock Exchange (TSX) in early April, pending regulatory approval.
Canada has taken the lead in North America in approving three bitcoin ETFs for crypto-curious investors. The Securities and Exchange Commission has been reticent to give the green light to a similar vehicle in the U.S., having shot down dozens of proposals in recent years. Last month, Brazil got into the act with the approval of its first bitcoin ETF.Source https://www.coindesk.com/coinshares-partners-with-canadas-3iq-to-launch-new-bitcoin-etf-on-tsx |
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Of course, this is not about any possibility of making a profit, but just an example that almost any device can be turned into a mining device. Some of the younger generation probably have no idea that such a device even existed, but at a time when there were no playstations and smartphones, this was one of the top ways to have fun. Who remembers when Samsung made a mining rig out of 40 of its smartphones (Galaxy S5)? I’m not sure how effective they were then (2017), although they say it was higher than the average desktop computer, but you certainly couldn’t mine BTC with that in terms of expecting a profit. Given the incredible amount of electronics that is thrown away each year, perhaps all of these devices could be used for some good purpose as opposed to creating mountains of garbage.  https://www.vice.com/en/article/3kvdv9/samsung-upcycling-galaxy-s5-bitcoin-mining-rigI remember this. I showed that article to smooth because Aeon might be interested in it as a project that pivoted towards running in mobile devices after the hardfork from Monero. I reckon that there might be a future for lightweight nodes and mining through mobile devices. |
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