So many people have a paypal account already linked to a debit/credit card, it's not too surprising that with the bull run, millions took the opportunity to buy some crypto, and bitcoin in particular.
Of course doing it that way you don't own the keys so you don't really own crypto, but people don't even know that.
I have said it before and I'll say it again and I'll keep saying it. People who want to hold BTC then it matters. For traders and such, or those who want to buy on the dip and sell on the bounce up then not your keys not your coins does not matter to them. I own stocks in dozens of companies, I have *zero* stock certificates that I hold. They are all out there "someplace". I can't even get physical certificates without jumping thought hoops and paying fees. I have my BTC that I want to hold in a setup in very secure hardware wallet. The stuff I am trading is in an account in Gemini with all my other trading stocks. Does it matter PayPal, Gemini, Coinbase, etc. if all you want to do is hold it for a day or two and then sell it? -Dave |
|
|
|
|
Looks like they are. As of now it's @ $53k.
Gold / silver / other metals are still flat for the last few weeks.
Stocks are bouncing all over the place.
Dave's opinion with no facts to back it up: There are a lot of people who for whatever reason NEED to sell at some point in time. When the mempool get's a bit higher and fees go up there are fewer people who WANT to buy because 'I'll do it tomorrow or some other time when fees are lower' so BTC drops as there are more sellers then buyers. Fees dropped a lot overnight (EST) and look buys started coming in.
Yes, I use Coinbase & Gemini for buys / sells but I still do a lot OTC and there the fees do figure into it more.
-Dave
|
|
|
|
|
It's going to matter to so few people that it really does not matter.
1st it's US only
2nd it's only for people who have more then $1million profit
3rd it's only for LT gains
Carve out the few people that the proposed rules will actually matter to and it's a really small number of the BTC holders.
as @Tytanowy Janusz said this covers a lot of things besides BTC. But BTC is the only thing that fell. So no, it's not the taxing.
-Dave
|
|
|
|
|
And if it does go POS so what. There are other coins that it can be used to mine. Might not be as profitable but they are out there. For a while after XMR changed their POW the original miners were still profitable since the other cryptonight coins were still worth it to mine.
This might actually be a edge case. IF the GPU market stays constrained then it might be better to drop $64,000 on 32 RTX 3080 mine with them and then sell them off.
IF the GPU market gets better. Then, your screwed. But, with the GPUs you can at least switch to something else. If the E9 comes out and then difficulty spikes and then POS comes along. Then your screwed and can only mine a more limited subset of coins.....
-Dave
|
|
|
|
|
The issue is we tend to run with what we know for where we are.
Where I live I can have a 100A singe phase run to my garage, or any other run that is outside of my main panel. Nothing else. So that is what I went with what is here.
If you can have something different then that in a residential setting then yes the answer will be different. I also assumed garage was a home garage not a commercial one.
@maxilauri Also, don't just listen to what is said here. talk with more then one local licensed electrician. Some may do things that are not up to local code and come back to bite YOU later. Even if your State / county / city allows something a local town might not.
-Dave
|
|
|
|
|
OP:
Amps = Watts/Volts
So 1300W / 120 V = 10.83 Amps per rig with no loss due to wire resistance / PS inefficacy 13A is a more reasonable number to look at.
100A panel / 13A per circuit is 7.7 so going full tilt with minimal loss figure 7 rigs max on 100A
HagssFIN: US is 110V just do the fact that when places here in the US were 1st getting power bulbs worked at 100V more or less so that is what they gave people. Once better bulbs came out it was too late to really change unless you wanted to scrap / re-do large portions of already existing infrastructure. When Europe started getting AC power setup a few years later better bulbs and other things were already available so 220 it was. (Source: Something I saw on the history channel years ago)
-Dave
|
|
|
|
I'm hoping CURE doesn't go the way of folding coin ( FLDC) which I just looked up on coinmarketcap and found it to be 'delisted' which I take to mean that it's completely dead. Foldingcoin is not completely dead, they need help with migrating to another blockchain. Here is a quote from their discord channel: We would like to resume distributions (and do make up distributions) once we have moved off BTC, but there is no ETA for this, and lots of work is needed to make that happen. I currently don't have time to do everything myself on top of my full-time job that has only gotten worse with corporate mergers where I work and the pandemic. https://discord.com/channels/379168590626029568/379168590626029571/806677722800980008Exactly, there have been a lot of coins that have been delisted that have either come back or are slowly coming back. It's a lot of work for both the developers and the supporters of the coin. Remember the 1st post in this thread is close to 7 years old at this point. The foldingcoin thread ( https://bitcointalk.org/index.php?topic=781352.0 ) is a little bit younger and the last post was a year ago but as xandry pointed out they are still posting in discord. Both coins will continue to move along so long as we as a community continue to support them. -Dave |
|
|
|
|
I am sure there are some BTC people who invested in COIN, but seeing them 1 thing is not the way most stock market investors that have been talking about it see it.
BTC / crypto goes up Coinbase makes money on the trading.
BTC / crypto goes down Coinbase makes money on the trading.
With Coinbase Commerce and their other products no matter what BTC does they make money on every trade that goes through them.
In this case the volatility is good for them since there is more trading thus more trading fees.
-Dave
|
|
|
|
So what does this mean Market manipulation on coinbases part  Does not mean anything. Either a programming error, or something timed out on a database and the API gave the front end some bad data or some firewall / proxy / router between the OP and coinbase had a issue, or... Oddball things like that pop up time to time it's interesting when YOU see them but are usually corrected in a few minutes. -Dave |
|
|
|
|
Fellow New Yorker here. Some thoughts.
If the coins are available in the US but not on an exchange that does business in NY and if the trading amounts are going to be large enough to cover the taxes / costs you can setup a corporation in another state.
For smaller amounts, if there is also a friend in another state if you trust each other enough. They are going to owe taxes on the trades so they have that risk, and they can run with the coins so you have that risk.
For out of the US, you are stuck with the using a friend out of the country.
Note: using a friend is a murky area of the law, both of you should talk to legal / tax experts before doing anything.
-Dave
|
|
|
|
|
Mine is open 74.113.36.2 and I see several connections to it.
What does you log say? Any errors or just no response from the other nodes?
Odd that others are connecting but not yours, but it's such an old wallet something else might be causing issues.
-Dave
|
|
|
|
|
Weird, I have several GMail accounts and frequently use them to buy / sell / trade things with crypto with no issues.
It might be something else in your message is causing an issue.
With that being said, do you know if the sending server has DKIM, SPF and DMARC?
Short version: DKIM is a digital signature in the header of the email so that the receiving sever knows it's legitimate. SPF is information in DNS that says mail from this domain should be coming from these IP addresses and DMARC tells the receiving mail server what to do if an incoming message fails either DKIM or SPF.
The above is very simplified, but I have seen GMail more and more tag legitimate messages when the above are not correctly setup.
-Dave
|
|
|
|
Impersonating isn't new on the forum. Scammers impersonate the popular user's username. For me, I don't believe anyone if send PM from any other source like Telegram before confirming via forum PM. But sadly, a few newbies don't know about such as scam attempts and eventually, they lost money. I have a similar case on Telegram where a scammer pretending me, even some of my clients lost funds. A better practice is, please add a note somewhere in your profile regarding this impersonator, so if someone visits your profile then they would notice this. At least a few users would learn from your profile.
I figure the I DO NOT TRADE on Telegram or Skype or Discord text below my avatar and the link for my website that points back to this post is good. Beyond that there is not much we can really do. Can't stop all the scammers. Can at least try to slow them down. If they try to scam anyone else and I hear about it, I'll post here. -Dave |
|
|
|
I DO NOT TRADE on Telegram or Skype or Discord. The only place I trade is on here. The person below is trying to scam Neo-Geo   Glad he PMd me here before doing the trade. Remember, just because you are paranoid does not mean they are not out to get you. -Dave |
|
|
|
I’ll take it! Just posting here to verify, Bitcoin talk has limited my private messages.
Will box it up when I get to the office later today. Will get you the tracking number once I get your address. Unit will be reset to default / DHCP unless you want something else. Oh, and have a merit. Now once you get a bit more activity you will be out of Newbie jail and can send more PMs. -Dave |
|
|
|
I started a similar idea you can find it here List Phishing sites and Fake Giveaway [Daily Updated] After a while I realize that if you don't have real motivation and help from the community then it's hard to keep such topics clean, tidy, and up-to-date. Many members report and the effort is dispersed, the effect is minimal. Search engines do not show forums as the first search option unless you are using the forum or have modified the search option. @Dave this idea makes sense, one big megathread will have much more views on either web traffic, which will certainly affect search engines to consider these pages as an essential source when searching for certain keywords.
but it will bring a rush of trolls, paid shill posts which will dilute the discussion and it will take you in the other direction. this would probably only make it more difficult to search for relevant information. We talking about non-experienced forum people.
I'm thinking it's gong to be too much work for 1 person. A group would be better. Does anyone think that having a bunch of people who share 1 newly created account to run that 1 thread would work? I see that as a disaster waiting to happen. I also see 1 person trying to do it themselves as working for a while until they get busy and then it goes to hell. Trying to come up with a solution, but can't think of any at the moment. Was busy all day and am kind of brain-fried at the moment which kind of proves my point. If I had to do some serious thread cleaning at the moment, it would not happen or if it did, it would not be done well. -Dave |
|
|
|
If you look at that persons tweets I would put it in the same pile as any other random person tweeting.
For those of you out of the US who don't know, your 1st quarter estimated tax payments were due April 15th .
So you had to have your check for taxable capital gain profits in the mail by Thursday.
Some people may have played the game of writing and mailing the check on Thursday knowing they could sell though yesterday on Coinbase / Geminin / a few other places and have them ACH the funds to your checking account, so when the IRS deposits the check early this week it's covered.
Technically it's illegal since you are not supposed to mail checks that do not have the funds to cover them. In reality, it happens a lot.
Add that to a bunch of people just taking profits and you have a big drop.
Just my opinion. Not financial advice.
-Dave
pretty risky although i can see the appeal of waiting and cashing cap gains taxes out as late as you can. if corn goes up you win, goes down, you lose. me, when i cash an amount out i always cash out an extra 15% or so and set it aside as fiat somewhere. boring, yup. but that way i know i have the quarterly payments. You are better then a lot of people if you do that. I have seen a lot of people, even "financial professionals" wait till the last moment to cover their tax payments. They just see them as another bill do "later" Yes if you sold the end of March, you should probably just cover it then. But mid January? late February? It's a tough call. I cheat a bit and cover about 1/2 to 3/4 of the taxes out of the sale and have my job withholding set to single / 0 dependents so although my weekly check is lower it's a buffer for taxes owed. Sooner or later it's probably going to bite me in the a$$ but for the last few years it's worked. -Dave |
|
|
|
|
If you look at that persons tweets I would put it in the same pile as any other random person tweeting.
For those of you out of the US who don't know, your 1st quarter estimated tax payments were due April 15th .
So you had to have your check for taxable capital gain profits in the mail by Thursday.
Some people may have played the game of writing and mailing the check on Thursday knowing they could sell though yesterday on Coinbase / Geminin / a few other places and have them ACH the funds to your checking account, so when the IRS deposits the check early this week it's covered.
Technically it's illegal since you are not supposed to mail checks that do not have the funds to cover them. In reality, it happens a lot.
Add that to a bunch of people just taking profits and you have a big drop.
Just my opinion. Not financial advice.
-Dave
|
|
|
|
Thank your for your reply, I didnt create second ticket. I always relpy them on my first ticket about of 25 days.
But still I dont understand, this OMNI changes will effect my process or not. Because they wrote me that after 30 April they will not support more omni ..
Is it bad for me ? thanks
Some thoughts. 1) Yes, covid is a bit of an excuse. But when you are talking about accessing CORPORATE private keys that probably contain a lot of money, you probably have to get several people in the same office at the same time for hardware verification and multisig. That has been slower due to the covid. 2) No longer supporting OMNI might actually be better. They might clear out all the old funds and use new keys just to make a clean cut from the old stuff. 3) As others have said there have been a few times in the past this has happened. Poloniex usually solved it. But it was months not days or weeks. And now in addition to Covid, in the last 25 days you have had Easter, Passover, Hindi New Year and now we are in the middle of Ramadan. There just might have been fewer people around their offices over the last few weeks. Good Luck. -Dave Hi, thank you for your reply. I want to know normally how long this recover process takes to finish ? I mean 1 month is normal for this. I am wondering because of I have very little technical knowledge .. Why does it take so long? Is it a very difficult process? Thanks everybody. Usually exchanges take several months to do this. If it's configured properly it's not difficult to do at all, it's a SECURITY issue. When you move funds like this you have people with the private keys to other peoples coins. So ANYTHING linked to those keys ANYPLACE in the exchange now has to be considered compromised and insecure and new keys have to be generated and the funds moved. Obviously this is a very simplified explanation but that is usually why it takes so long. -Dave |
|
|
|
|
Show Posts
