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Well that is how it goes usually the richest 1% of the world have businesses that 99% of the world need thus making them more richer and richer by the minute. Another downside to it is that all of this businesses have a huge number of employees which they also control in terms of time and salary they often make sure that this people will be contended to what they have or people who strive more will be cut by limiting their salary. Making the rest of the 99% hard to become part of them. Inequality is normal we cannot be all rich at the same time.
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On an economical point of view Bitcoin Cash is a bubble and so as Bitcoin, a bubble is defined to being an overpriced asset in which it is far away from its real value. The problem with Bitcoin or BCH in this matter is that we don't really know what is the real fair market value for it as we are the only once who are determining the price of Bitcoin. The price of them is so played out that their is no stable price for them. That is why not all people are buying Bitcoin because it is hard to set a foot on.
If you don't have a basis what the price should be, you can't be sure it's a bubble. Not having a basis for the price doesn't mean something is a bubble, but it could be a red flag. The fair market value is generally what the market decides is the price for it, and there is currently a lot of support for both the price of Bitcoin and Bitcoin Cash. But fair market value is not the same as inherent value, and I'm not sure that either BTC or BCH has any inherent value. So where there is a huge disparity between inherent value and market value, I would be worried that something arbitrary can crash the price for no reason and without warning. The fair market value is more than what the market decides, what you are simply telling us is that every time the price moves up and down for Bitcoin or Bitcoin Cash for this matter is that it is their current fair market value which is wrong as a fair market value does not always change rapidly and it is determined by other components which Bitcoin or BCH does not have at all there are not Financial Statements, No market comparison, No Fundamentals it is just pure Demand and Price action. |
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I really got surprised here as I myself have visited their website (when it was still up and running) and it seems to be legit or real when you glance it as they have explained what their ICO is all about and also have a good whitepaper. Another thing to believe them is the full effort of their campaign having almost everything from Signature Campaign to even a Youtube Campaign you will see that they are active in promoting their ICO. This will serve as a lesson for the hasty buyers of ICOs as they need to do their own background checks.
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The Minnesota Timberwolves had a good win today although their double digit lead was cut down to only 6 points at the end you will see that they really need to improve their 4th quarter performance. One thing that they can do is to no play 5 bench players all at once as even though the starters are resting it is ruining the momentum of the lead. They still look good in the Western Comference having only 2 games behind the Golden State Warriors.
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Good tips you have their but I would classify them as a "reminder" especially just like what you said Bitcoin is a volatile currency they need to observe the prices with caution. But can you clarify on what do you mean about "diversify"? Because I don't think that you can really diversify your portfolio by just holding Bitcoin, and if you mean "investment" like HYIPs. Then its a big no for real investors as this are not real investments and you might even end up losing all your Bitcoin if you invest in one.
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It is really hard to have an outlook with that kind of range as 10 years can have a lot of things going that Bitcoin does not have any control off. As until now there are many factors affecting its growth even the most simple ones like Businesses are still not adapting or accepting Bitcoin as a mode of payment. Yes there is no doubt that Bitcoin is growing but even if its price is reaching to new highs in just a year I am not seeing any major developments of the mass population adapting to Bitcoin as a mode of payment.
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what happen with faucet amount ? its not good for all  Long gone are the days of high faucets amounts and faucet farming. if you think about it, those days are not over because the faucet amount is still very high! those old days bitcoin price was $200, $500 and such and the faucet payment was 500 satoshi to 1000 satoshi best case. now price is $8000 which is 40x the previous price and faucet is 150 if faucet went down the same it should have been 10-25 satoshi instead  It is just right to lower the amount of the faucet claims in Bitsler as like what Red-Apple said Bitcoin has risen into a whole new level also considering it Bitsler had just lately changed the price of its faucet claim. Now people who are depending on free money will have a hard time winning what they used to winning before it is just right to control the abuse a gambling site is only experiencing. |
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Anything that is done with fraud or deceit will always be considered illegal and you can have the power to ask the help from the police or any proper authorities. Also if there is no fraud and deceit involve your Bitcoin is your "Private Property" only you can spend or use it as nobody else have the right to use what is yours. The problem here is it is nearly impossible to retrieve your Bitcoin ever again as it exist virtually which means it can travel to a lot of different addresses by the time it has been stolen from you.
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It's really not their fault, what you can really do it to verify your account in order to prove that you are not a citizen from U.S. , Bittrex might be legal in other countries but not in U.S. It is not about stealing your money it is about maintaining their business as a cryptocurrency exchange and if they experienced issues like this they might faced a complaint for their business and the worst scenario they will be shut down with all the other funds of verified users. It is really good that this kinds of businesses are complying with legal requirements.
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I want to go outside of the cryptocurrency market when I reached my target income here with Bitcoin. I would really like to create my own business which will be funded with my Bitcoin earnings it is one of the steps in diversifying my sources of income, and if I were you I will do the same as it is better not to concentrate on one source of income anymore (even if it is in the same kind of market) as it is most certainly all affected. If you have a business outside of Bitcoin you will most certainly have another kind of dependable source of income.
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I think that the opposite will happen people who have received the 30,000,000$ worth of Bitcoin will be looking to liquidate it to Fiat currency as fast as they can before they can be trace by authorities. With them selling 30 million dollars worth of Bitcoin they will be pushing the price down as the sellers will most probably take out all the price that is being offered followed by other people who will also start selling their Bitcoin causing a panic selling, but I really hope that this news will not affect the price that much.
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To be honest, everything can be taxed even your bitcoin earnings. For example you bought bitcoins in 2013 for $300 and sold it today at $8,000. That $7,700 is taxable as income, the classification and how much it should be taxed will depend on your local laws. So you better check if how much tax you should pay. However, if you are holding bitcoins as it and profited because of the increase, unless you cash that out and sell it then there is no profit to speak off. Right now that is the only way they can tax the use of bitcoins for regular users, but it may be different for bitcoin exchanges.
That is where you are wrong because the income gained from trading or investing is not taxable under income tax but it is taxable under capital gains tax. Imagine buying a piece of land for 100,000$ and later on you sold it for 250,000$ the 150,000$ is taxable to capital gains tax. Some countries even exempt them from capital gains tax if they bought another land with that 250,000$ they earned. |
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The improvement of the country is always depending on their government. In my opinion bitcoin should not be manipulated by government because they might place a tax on it or use it for their own desire and it will become their advantage to steal more money from us.
Not really if people found a way to earn money without the help of their government then they themselves can contribute to their economy's growth. When you look at it many unrployed people are now depending on their Bitcoin earnings and this earnings are being used for their daily lives in return it will reflect to the country's overall economic performance. |
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While most people here are already talking about selling Bitcoin even at this price level my opinion is you need to think about it yourself. We don't even know at what price did you bought your Bitcoin shares are. If you are contented with selling your Bitcoin now then sell it without any hesitstion and if the prices still soars don't think of it as a waste of opportunity, just think about selling Bitcoin at a gain as many people have experienced cutting losses.
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A common newbie mistake, if you have entered in the crypto trading world you must have a plan for it and one of that plans is your exit strategy or your strategy when to sell your Bitcoin. By having an exit strategy you by now would have earned a lot more rather than lose something at the end. Setting up a target price when to sell is one of the best ways to have an exit strategy. A trader should not be to complacent about the prices as they will always be subject to change.
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Before even trying to have a percentage set in for investing in cryptocurrency you need to find out first how much do you need in our salary to cover up your expenses? As it is one of the crucial information needed in order for you to know how much residual income you have. Division of salary will not be followed if you don't have the proper financial planning. You need to have the best estimate possible in order for you to have a comfortable and continuous funding for your investment.
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I don't even know where Iberia is, but no matter. My bank in the US questioned me last year about all the bitcoin I bought when Circle was still in the crypto business--RIP Circle. Banks have the same perception of bitcoin as most people, i.e, that it's used for drugs, gambling, and illegal pornography. And banks are conservative by nature, so your experience is not shocking to say the least.
As far as I know Iberia is not a place but a name of a bank "IberiaBank", they have the right and authority on who and what customers will be able to use their services and it looks like they don't want to be associated with Bitcoin for legal purposes. You are opening a checking account for your business in Bitcoin Investment as far as the risk for the bank they know that there is no such thing as Bitcoin investments which they automatically will decline. |
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For people who got to ride the dip or even earlier we might be enjoying the price increase now but the scare of it going down is still there, it is still vulnerable to sudden price movements now it has broken 8,000$ price range. We might be seeing hundreds or even thousands of price increase and decrease if it raised any higher than 10,000$ by the end of the year. Let us be water and still monitor the prices we need to be extra cautious now that the price of Bitcoin is this high.
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If it is not owned by the government it is a private property for your information. There is really no argument here as the Bitcoin you earn is yours and therefore it is a private property anything that you mistakenly send no matter how much it is you have the right to retrieve it as it is yours and "B" has no right to spend or use it.
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Bitcoin itself cannot be printed because it only exist online although he Bitcoin Wallets can be printed physically and you can do it with this tutorial. This can be handy if you don't have internet access on hand but you want to receive Bitcoin as a mode of payment in your transactions. And yes they are right that Bitcoin has a fixed supply but not all of the 21,000,000 has been fully mined yet. |
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