Saylor is seemingly fast becoming the Peter Schiff of Bitcoin.

Well, this is his opinion, which is probably not shared even by a lot of Bitcoin investors. Of course, Saylor's statement is understandable as he is deeply invested into Bitcoin but he seems to have lost the right amount of objectivity in the process. Gold is just a little younger than civilized humanity itself. I doubt Bitcoin would "eat" gold.

In which case, the often overly bullish Bitcoin enthusiast Mike Novogratz sounds more realistic and practical when he still considers gold as a sound investment option.

History tells us that decentralized exchanges are not immune to hacks. So it is definitely not true that decentralized exchanges automatically mean there are no hack threats or even a possibility of successful hacks.

The once popular Etherdelta was a victim to a hack. If I'm not mistaken, even the decentralized exchange Bisq was also attacked by a hacker who got away with cryptocurrencies worth hundreds of dollars.

I think the very foundation of the entire crypto universe is Bitcoin. The moment it crashes down for any reason and dies, the entire crypto universe will certainly crumble down with it. If that reason has successfully killed Bitcoin, there is no reason to believe why it would fail in altcoins.

If Bitcoin's death is due to people losing trust and interest in it, the same effect to altcoins is most probably true. While a lot of altcoins have a huge following, I think they are not at all completely independent from trusting Bitcoin, so I seriously doubt they would continue to thrive when the first and main cryptocurrency has already vanished.

They're here, one after another. We had Michael Novogratz, Paul Tudor Jones, Jack Dorsey, and others.

What I am more interested in, however, is whether or not they see Bitcoin more than just an "asset class" or a store of value, whether or not they appreciate Bitcoin's price as much as its decentralized feature, whether or not they promote Bitcoin as much as the freedom from banks and governments which it essentially entails, and so on.

Not for long probably. I guess it will happen anytime now if only land-based casinos are really bent on offering this kind of new gambling experience to their patrons. Of course, some regulatory arrangements will have to be discussed first as this is indeed something unprecedented in the physical gambling industry.

What I was thinking, however, is whether Bitcoin or crypto gamblers would choose land-based casinos over online ones considering that many of them are also protecting their identities.

I think this is limited to binance.com. Binance.us is still operating and serving US citizens and residents. It is only on binance.com where US citizens and residents are not allowed to make use of the site's services.

As the email suggests, clients of binance.com "may consider using Binance U.S."

54- Darker45

Please and thank you!

There is no official escrow service on bitcointalk. There are individual escrows which have their own separate reputations and track records, though. They have their own escrow rules and escrow mechanisms as well.

Many of them are definitely trustworthy. They have been involved in so many transactions over the past years, thousands of Bitcoins have been entrusted to them in the process.

If I am not mistaken, some of them such as OgNasty and minerjones are still part of the multisig contract which holds the forum's hundreds of BTC.

With or without COVID-19 the banks will always squeeze their clients for money. COVID-19 comes, nothing has changed. As a matter of fact, they might have seen a golden opportunity out of it. People are running out cash. Many will probably be forced to jump into various kinds of loan opportunities offered by banks.

Apart from that, they must have increased their assets a lot when businesses and individuals defaulted on loans resulting from the economic impact of the pandemic. Assets and collaterals must have been liquidated because of it. It seems the banks have always the upper hand.

While this is not everyone wanted to happen, it seems they are left with very limited options. The gambling revenue has stopped for months. The operation was completely halted. It simply cannot support the salaries and wages of workers who are not working at all.

In a way, an unpaid leave is way much better than outright termination or laying off of workers because the business has closed. At the very least, the absence of casino work and wage is temporary for them and they could still look forward to the better days.

I guess they are now on the road to recovery.

The man who lost the bet was not the Hungarian president. It was the Hungarian prime minister. The president of Hungary is Janos Ader. The prime minister is Victor Orban, the one who made the heavy bet on President Trump's victory. Well, just in case somebody might be misled by this post.

Anyway, the man is gracious in his defeat. That's a nice behavior when confronted with a loss, something worth emulating by all losers, be it in gambling or politics.


If only my betting site offered odds for this, I would have placed my bet on Trump. Lucky for me it didn't.

As far as my understanding is concerned, your Bitcoin, if it stays in your wallet, won't be taxed. Bitcoin is treated as an asset or a property, albeit intangible. Tax will come in when and if Bitcoin is sold or used in exchange to goods and/or services.

However, I am speaking of Bitcoin as far as how it is being treated by the US IRS. It may actually vary how it is being treated and taxed in other countries. Different countries do not share the same regulation and tax system on Bitcoin.

Before anything else, don't consider this answer as an expert opinion.

For the 1 BTC that you bought at $10,000 and sold at $15,500, you will have a taxable income of $5,500. Since this is held for less than a year, this is considered small-term. Therefore, small-term capital gains tax shall be imposed. Unlike long-term capital gains tax, small-term capital gains tax rate is equal to individual income tax. Of course, less the deductions.

For the price of the 1 BTC that you received from selling your TV, you can always try to remember the date and then refer to online references for the previous prices of Bitcoin. Coinmarketcap.com, for example, can give you that.

Sources:

1. https://www.investopedia.com/articles/investing/040515/are-there-taxes-bitcoins.asp
2. https://www.investopedia.com/terms/i/incometax.asp

You don't have to imagine the biggest possible threats for Bitcoin to possibly sink below $10,000 or lower. It can go down that level anytime. We were below $5,000 just last March. That's just a few months ago. As I'm saying, it happens anytime. One large investor may dump thousands of his/her Bitcoin, the price would greatly decrease, the sheep and the weak hands would follow suit, and the price would go down. Forget about quantum computers. That has been sufficiently addressed several times.

Keep calm, your hope is not dead. Bitcoin would make it to $20,000 this time. This time could be within the year or within 12 months, though. Although I believe it is the former.

Things like this always happen to Bitcoin. It rallies strong and quick and then it corrects. And rallies back. That's always been a back and forth movement of Bitcoin's price on the chart. There is nothing really special of the very recent red candles.

Also, Bitcoin's price probably doesn't care about who will win in the US elections.

This is funny to say the least. You are like creating a problem tree here. Your root cause is pharmaceuticals failing to come up with a COVID-19 vaccine. And the overall effect is that a global nuclear war would ensue. There seems to be a lot of of disconnect in the middle.

Well, printing money, tax increase, companies filing for bankruptcy, inflation, harassment and bullying of other countries, and so on and so forth are happening all the time with or without a pandemic.

Right now, Bitcoin is already what you call as the world power cryptocurrency. It is already, in your terms, leading it.

But what do you mean president of the world power? The world does not have a single governing body. Do you mean presidents of countries which are very influential in world affairs? Well, it may indeed boost Bitcoin adoption if the world's leading presidents are in favor of Bitcoin. But that is not a prerequisite. As a matter of fact, Bitcoin has soared to the highest skies not with the world's leader but in spite of them.

It's always a combination of many things. It can't be Paypal alone nor Square. Neither is it about Microstrategy alone, too. But all of them are contributories. You know, when all of these things happen one after another, there was really no other way for Bitcoin but explode.

The price of Bitcoin already more than doubled for the past several months, and more than tripled when it bottomed at around $5,000 in March. This is a giant leap just within a single year. A lot of factors must have been involved.

Of course, small-time hodlers and investors are also playing a crucial role in this. I think most of them are also seeing a new ATH sooner rather than later.

Everybody, save perhaps for an adamant few who value their pride so much so that they better play blind to the reality rather than admit that Bitcoin has a indeed a bright future. Or perhaps some old dogs who insist on not jumping ship even though theirs is already sinking.

Well, that's their choice, one that is probably not shared even by their own sons and daughters.

Is that what you see in your crystal ball? Is the future really that gloomy? Or is that same chaos what you see in your immediate surrounding right now?


Who needs votes after the election ends?


You don't have to prepare for their coming in 2021. These things have been happening ever since I gained consciousness.


Every year's a crazy one. They just differ in degrees.