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I had already made few posts earlier that, Facebook is yet to face regulation hurdles and conflict of interest with the regulatory authorities for Libra. They had initially informed that Libra will be launching in 2020, but I don't see it coming within this timeline! So let's put Libra out of the discussion!
Cryptocurrencies in general comes with pros and cons to the economy so a thorough risk assessment is needed before adopting it into a mainstream economy. The way foreign money can flow into a country using bitcoin, similar way ot can also go out in large numbers!
So a thoughful approach is required. Blanket ban is never a solution and I am sure US policy makers are aware of it. A blanket ban will never be able to stop bitcoin, rather it will be an opportunity lost for the US government. Trump is tweeting about bitcoin means, there is discussions and deliberations going on with the team of policymakers which certainly gives prominence to bitcoin. I am happy about it because at least powerful economies have started thinking about bitcoin.
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A theme topic, whatever often talked about on this forum, is the $5 hammer attack.
Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree.
But then you get sportsbooks asking for photos and passports, and god only knows what else.
If a sportsbook wants all this, I respectly suggest they change to fiat.
Usually crypto gambling websites don't ask for KYC unless someone is trying to withdraw a huge amount of money! Now there are two types of crypto gambling websites, one is licensed and another is unlicensed with no origin of operations. Unlicensed crypto casinos usually don't ask for KYC documents. But licensed crypto casinos may ask for KYC in case of a large amount of withdrawal because they also have to comply with the AML law of their country of origin. I don't see any particular risk here! Are you mentioning any particular website here? |
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I completely agree with you about child slavery, it must end at all cost. But when you talk specifically about MICA mining, I may not agree entirely!! Let's look at some facts,
1. India is the 8th highest producer of MICA. China, Russia and even South Korea is way ahead of India.
2. The contribution of MICA mining in GDP is very insignificant and doesn't come in the top 10 list of mined minerals.
Child slavery is a big problem in India's mining industry. But the issue of child slavery comes from sheer poverty and not from Mining a mineral. Our politicians should have addresses this issue long back but they didn't do anything other than filing their own pocket. I am confident that the situation will remain same for another 100 years looking at the current government.
Now talking about the health issues. Marble mining causes more health issues than MICA or any other industry! 90% of marble laborers face respiratory issues due to lack of safety equipments. Do we ban marble mining as well?
Banning a product is not a solution to a problem. Rather we need a strict law to ensure that the manufacturers of beauty products pay a certain percentage of their revenue to the welfare of their labors and to ensure proper facilities to them! The companies making billions from beauty products need to ensure minimum safety equipments at their mines. Even though nothing is going to change overnight, but at least set us up to the right path!
If banning MICA can bring the solution to the child slavery, we need to ban Coffee products and Diamonds first! Do some research and you will understand why I am saying this!!
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In the EU, are tokens subject to regulation or is it the activity of raising funds using a token that is regulated? Is it different in other parts of the world?
Cheers.
Legal structures and regulations are always different in various parts of the world, that goes without saying! ICOs are being regulated under "crowdfunding" regulations in Europe if I am not mistaken! So some sort of regulation for ICO is already there in Europe. There are countries like China or Bangladesh which had banned ICOs completely! But majority of the ICOs are still remains outside the jurisdiction of regulatory agencies, especially the ICOs popping up from Small island countries like Malta, British Virgin islands etc. |
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I have read a lot of people claiming that the rank or online personality of the bounty manager can help in knowing the or determining if investing in a token project will be worthwhile. I must tell you I was of the opinion until this morning when I learnt about the incompetence of a bounty manager I used to follow. Remember most of us don't know each others beyond our online profile. I learnt he will be managing more bounty after he left his old profile to embrace another one.
Although, he's not tainted as fraud yet because my source won't say if he is. But the issue is if he is to fraud unsuspecting newbies, that how he will do it. U believe u can trust him base on his forum rank and experience. But he is fake who has series of identities for his guise.
So, don't join a bounty or invest in a project because of the bounty manager. Do your research before investing your money or time on any project.
Absolutely correct! If someone is investing in ICOs just because the bounty is managed by a reputed member, he is making a big mistake. Bounty managers can't determine if a project is a scam or not! However, a reputed bountry manager will always do his own due diligences before accepting a bounty management request. A reputed member would never want to be associated with a fake program. Also a reputed bountry manager usually means that the bountry participants will be paid in time! That's what matters for the bounty hunters! |
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Going with the back to back champions is a safe bet. The other four seems good with their W/L% but I would still not count Australia out of for the 2019 Cup. They are still strong contenders.
Absolutely it is safer to go ahead with the two time champions but we should not forget South Africa is also a very strong competitor of New Zealand and both of them are in the same group in the pool matches! So my pick will definitely include South Africa as second choice while NZ remains my first choice! But it is sports and it's world cup, so you never know!! |
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want trade by bot what do you think are you with bots or not
i have idea to link my bot to indicators like rsi example if it hit 20 buy if hit 60 sell something like this
Lol!! Trading bots are not money making machines!! They can't take decisions unless you do!! If you pre build logic within the bot and the market is not in your favor, then you will loose money! I don't know if we already have a trading bot intelligent enough to take decision based on market dynamics or not, probably a more veteran trader will be able to answer this! But I prefer to use my own brain based on market dynamics and take decisions accordingly! |
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We all know the US gov rules, dictate to rest of the world.
So if they cornered the btc market, afterwards the btc price could only go up, factor with this a few btc friendly directives, and a massive coup would have been achieved.
What is the downside?
It is possible that already have a stash of bitcoins stored away safely, who knows?? US government is not bound to disclose that to anybody! I won't be surprised if Donald Turmp himself owns few hundred of it! After all, he is a businessman! However, there is no assurity that bitcoin price will only go up! There's no one in this world who can predict that for sure, not even Satoshi himself/themselves! It's purely speculation even if someone claims the same! |
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Imagine that you are a new player in the crypto world and have no idea about this topic. What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?  We usually see an incoming influx of new players in the market whenever the price goes higher, but not at the time when it goes lower! Same thing happened during late 2017 as well and I am sure there were newcomers who had joined the market during recent gold rush and already accounting their losses! If greed de8ves their decision then you are bound to make mistakes! But if the newcomer is tracking the market from some time, he/she will be able to identify the trend and make money out of it! That's true for every market! |
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BTC will increase in value more than BrewDog shares lol
Just FYI, https://www.entrepreneur.com/article/293623Secondly, a real world business is offering investment opportunity to the crypto community other than the shady ICOs, we should welcome the idea. If they are successful is raising some good amounts through bitcoin investment, probably other private companies with real world existence will come forward to offer similar opportunities to us! |
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Privacy token may be possible because common people will always be benefited from such tokens if the government becomes too invasive in the name of crypto regulation. However, I don't think any new token will suddenly become very important and impactful in this scenario. Instead, we will see existing coins like Z protocol coins, XMR or Dash will enjoy the majority of the market share of privacy coin!
But I am really not bullish about the medical coins! Medicinal coin is one such area where more research is needed! It won't get any prominence just by providing medical support to patients over a video call. John was a promoter to Docademic so it's no wonder that he will speak good about it! But it's my personal opinion, that we humans are not yet ready for such medical aid yet! That's why the possible really looks grim for medical coin, ar least according to me!
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Bitcoin is a form of anarchy in the economic system. The Bitcoin system is designed to do self-rule and be supported by the application of technological advancements so that it looks amazing for mathematicians and technologists. However, according to the anarchism that has been successfully implemented in Spain, everyone must do the task according to their respective roles so that this concept can succeed.
Expecting Bitcoin to be successful is the same as expecting an anarchist social order to be realized. It seems impossible, but in fact, the social order of anarchy can be done with satisfactory results. The anarchic social order that occurred in the Spanish Revolution which lasted for more than two years before General Franco's invasion succeeded in conquering an area controlled by anarchists.
social anarchy which was also supported by economic anarchy in Spain was carried out extremely. One of them, the community supporting anarchism in Spain at that time burned government money. As a result, coupons (and even just trust) can be used to get fruit and vegetables. If you support Bitcoin to succeed only so that you can then get a lot of Dollars, you only pollute the brilliant concept of Bitcoin anarchy.
Anarchy is an anti-government social order and rejects the state system. My question is, do you think Bitcoin doesn't need regulation from the government or the state? and also does Bitcoin not require government support? Now there are more than one definition of Anarchy. What you have mentioned is one which doesn't really go with bitcoin whatsoever and look below for the second one, "Absence of government and absolute freedom of the individual, regarded as a political ideal" This definition is partly true for bitcoin but not completely! Also I believe, government regulation is necessary for the growth of bitcoin! Without government support, mass adoption is not possible! But I literally find no similarities of bitcoin with anarchy so we are not polluting anything! We all have to live within a system and we want the system to adopt bitcoin! It makes no sense in going out of the system and adopt it! |
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That was the threat of FATF. It's all out war on bitcoin first of all. Centralized exchanges must be abandoned. Bitcoin's entire point is to be a numbered anonymous swiss bank account. Not a named controlled privilege for hyper regulated hyper taxed first world nations. Bitcoin was meant to assume people needed protection from the government. It will not work with these centralized exchanges, and FATF has declared war on bitcoin with it's travel rule. The travel rule has to be resisted at all costs. Wallstreet, and venture capital, now silicon valley, have gotten too much power through investing into crypto, pulling it away from its original purpose. They want to sanitize it and sell it back to you as a different product while controlling you politically. Do you really think that if this KYC stuff is implemented in a place like Venezuela that people could use bitcoin, of course not it is a de facto ban on the unprivileged. There's no way to protect ourselves other than ultra mass civil disobedience, and that is not possible without appropriate decentralized liquidity on DEX.
Do you want bitcoin to remain just as illegal drugs?? Without regulation, bitcoin will never grow! It bitcoin remains illegal, mass adoption will never become a reality! FATF guidelines are there for a good reason and might just mitigate the risk that comes from anonymity. You certainly would not want ISIS to declare bitcoin as their main currency!! |
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Link Project, ICON Project, Klaytn in Japan and South Korea are starting their business. How these projects can change the local economy? Carry protocol and Contents protocol can be a good example for this.
If transparency can change the mood of an economy towards positive direction, then yes, blockchain can change the economy for better! However, it's too early to say anything at this moment! Blockchain needs more time to make a solid impact which can be used an an example! Till date, we have none which had made a mass impact! It's still at the launchpad getting ready to unleash a massive change! |
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First of all, is that legal?
Secondly, where could I find people to trade with?
I searched and find LocalBitcoin and Paxful, I noticed they are C2C with a lot of scams. And they generally limit the total trade amount and charge a lot of fees.
Looking forward to responses.
The legality of OTC trade entirely depends on the location of your trade. If you trade in Japan, it will be legal and you will find a lot of vendors who accepts bitcoin against fiat currency. But if you do it in India, it is illegal because bitcoin is not a legal tender in India. Now, I won't recommend any OTC trader because of few factors, 1. High fees 2. Risk of robbery in case the transaction value is high 3. Not anonymous 4. No one is holding escrow Instead, bitcoin ATMs can be a good alternative but again the fees is really high! Prefer websites like LBC or Paxful to trade using banking channels. It is safer if the amount is not considerably high! |
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Just check the below link, https://www.trustpilot.com/review/1xbet.comI don't think anyone would try them after reading their reviewes! That's why I always try to educate people to check online reviews of any new gaming website before depositing anything or it's always better to stay with only one gaming website that you trust! |
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It helps a lot,but I am not earning much of bitcoins and converting it into INR so still I need to pay income taxes?
If you have earned more than 2.5 lakh in the last financial year, you will have to file income tax return. This does not mean you will have to pay tax but you have to let the government know how much you have earned! But if your total income is less than 2.5 lakh, then you don't have to file the return as well! Here total income means your bitcoin earnings plus your offline earnings! Hope this helps! Ofcourse I got more than 2.5 lakhs but I thought it is only necessary to do when we hit 5 lakhs per annum. That is for the current financial year! So next year you won't have to pay income tax if your income doesn't exceed 5 lakhs. But currently we are doing taxes for last financial year i.e. FY 18-19. So for this year, the old rules apply! Also we don't yet know if we don't have to file income tax return or not for upto 5 laks income! It is possible that the rule for filing income tax return remains unchanged, only the tax burden will be calculated based on 5 lakhs! |
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First coincheck and now bitpoint! As per a report by Ciphertrace, total 520 million USD worth of bitcoin has been stolen in Japan alone, it will go over few billions if worldwide exchanges are conaidered! I am sure Bitpoint didn't have any insurance or any emergency funds like SAFU of Binance and the end user will suffer big time! Sad news but at the same time an eye opener for this industry to re-think their security measures! I think Japan must incorporate the idea of an emergency fund for each and every licensed exchanges! |
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