It depends upon the country, if the government of the country put tax on bitcoin means then you have to pay tax. But still the tax is not applicable for bitcoin in many countries. In some countries bitcoin is treated as one of the valuable assets. So they ask people to pay tax for bitcoin. But there is a chance for all countries will one day announce tax for bitcoin.
Probably it will happen, time to time that paying tax to the governments will happen to all countries but as of now fewer of the countries are implementing on that, while others quite not putting any law regarding cryptocurrencies. We can't deny the fact that it is possible to happen just like what happens now most companies having KYC or even just having a wallet that government easy to track us when we did not pay a tax. But as of now, it will depend on which country you are, luckily here in my country, we are all free to used bitcoin without any charges to the government. |
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If the market can kill 80% of the altcoin, then Bitcoin can reach the market value of trillions of dollars, because when other altcoins die, bitcoin will become more precious!
bitcoin market cap which is basically its price rising and nothing more, is not rising because altcoins die and it is not no-rising if they don't die! altcoins exist in a parallel market that is used for higher risk speculation and profit making and not much else. which means with or without them bitcoin will continue to grow. it can reach $50k-$100k and more prices and altcoins still be the same pump and dumps with more or less the same size. Well, you have a point I like your thought. Bitcoin will remain bitcoin nothing will change even how many altcoins emerging every now and then. And those price movement of altcoins were swinging to the price of Bitcoin, so there is a high chance that crypto will never die and lead by bitcoin that surely it will exist. And that price trillion dollars marketcap will possible to be reached near in the future. (IMO) |
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I don't know why people still using at this exchange, there are a bunch of complaints against this exchange site that freezing amount either deposit or withdrawal. The sad thing is their staff and didn't have a quick response regarding your ticket problem.
Choosing a good exchange is a must in trading, or else you will be suffered in the future if you have a transaction from them.
A lot of issues on this exchange, they did not deserve to continue their service.
Well OP, always update their support team and hopefully they will give immediately their response at you.
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Is it necessary for token or coin to pay huge amount of bitcoin or ethuruem for it to be listed on Exchange...
Why exchangers charge millions of dollars to get a token listed on their exchange?
Yes, it is because when token get listed on the big exchange like Binance, Poloniex and Kucoin etc. the demand and supply of token make them get a high value of users in trading that makes the project expensive in the market exchange. That's the business way of exchange, just like you are renting a space in the public market just to sell your product and you need more people for the possibility of higher returns income from your product. |
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they are just keeping the money and let it work.
banks are open for savings and let it be there.
that is wht we can communicate.
but crypto will never be like that. and crypt must have the way/
Lol, I don't know what is your trying to say. Technically, banks earn money through their customers by having charges when they've checked our balance through ATM machine and they also have earned via investment into other company that needs to have a loan to start their businesses. There are many ways that banks earn our own money, we save it for a long-term but they also used it and earn at the same time. Maybe that's the reason why governments or the banks against bitcoin because when all people believed on bitcoin, of course, no one saving their fiat on the bank beside, all are investing bitcoin into their wallet. |
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I never introduce crypto-currency to my friends, I let them know into others way from the news. When they know that I got profit on that kind of online business they came to me and asking me why at that's the time and I was teaching them if they are willing to listen. I didn't tell them first because if somebody got failed then they can't blame me. That mostly happened if you have a friend who did not know more better what is crypto when this subject starting to invest and end up into nothing they keep blaming on you.
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It is a good suggestion I also used this app on my mobile phone as a tool for checking my portfolio every time and everywhere I go. It is handy easy for you to monitor the market price, I think most trader and holder now relied on this app and might be used them as a tool for gathering market information price while you have other appointments/job. The most I like on this app you know on which exchange site you may sell or buy your coins. |
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i think the etf would be good for the market. it would add a sense of legitimacy to the whole thing.
We don’t know yet not until it happen. The market reacts normal during those rejection days, and maybe because of that we can really say ETF is not that big thing in this market. Maybe people are really just hyping the market and make false news to dump more the market. Precisely mate, ETF rejection will not be having an effect into the bitcoin price in the market, it will depend on the demand and supply that people holding or just having a hype by them. If we compared last year there is no ETF implementation but the market will grow more than we expected. So, it clearly means that even SEC knows that ETF is nothing and they rejected this proposal recently. |
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Ethereum will grow in price on the background of increased interest to it from institutional investors. I think one of the positive factors was the calculation of market participants for the launch of Ethereum futures contracts on the Chicago Stock Exchange Options. This is expected to happen before the end of the year.
But as of now, we are on earlier stage to celebrate that Ethereum was back and recovering from the huge deep and I think Ethereum is not ready at this month to grow back. No doubt with this great coin it has a good technology and dynamic that seeing a good potential to hold and have a better profit before it will end this year. But as what I have seen now Ethereum was in a maintain range dominance in the market. so, as of now holding is the best way. |
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I like taking part in the bounty of previously run projects, not wanting to invest in new projects, because they already have a fair amount of investors available. Also, I'm also involved in a signature campaign for a project run by people of Chinese descent, I highly appreciate them.
I tried to understand what you are trying to explain for, well, in my own investing ICO's project are really risk to invest we don't know how to predict them that they pay bounty hunters and also investors. There are some that good in a platform from the start but after all their gone. But we can easily avoid this serious scammer, through reading the entire documents of the project and also the development team, you must take advantage of with them. |
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I think that for this year it is really better just to stick closer to BTC and ETH, maybe even only BTC; all alts surely just follow the market and nothing more, they are way weaker than BTC.
Bitcoin would definitely be the most stable investment for investors to choose in the huge crypto-currencies trading market, but I guess investors could still purchase some other popular altcoins to diversify their investment portfolio, as some of the altcoins might have a huge chance to increase greatly in their values too during a bullish market. Yes, I agreed with you. Diversifying to other altcoins is most likely do in investors who want to earn huge income in trading or either in holding long term. Because there are some profitable altcoins that having potential in having profit. Just what like I did this few days 15% of my bitcoin stock I diversify into Ethereum since it is cheap in the market. There are other altcoins that have potential when you diversify but I must prefer on Ethereum as of now. |
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50K users of blockchain.com emerging every day that is nice, probably the real one on that having many accounts that may be used in a scam or other activities that fooling people. Once they had got a payment or those stealing bitcoin from the wallet, easy to change their wallet since it is not strict when making another account.(IMO)
Also possible happen that probably many people now adopting crypto and they make to start making wallet each.
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It is like a centralized way of keeping and saving your crypto. Even without these supposed central bank of cryptocurrency, we can still keep our holdings through our wallets be it online or a hardware wallet. So there is no need for a bank if we can have our wallets to keep it. Technically speaking yes you are right, creating a Central Bank of Crypto-Currencies is sound like very ridiculous. We have our owned wallet that we stored Bitcoin and hold our Crypto-Currencies as an asset. So, why should they have implemented this Central Bank of Crypto-Currency? Meanwhile, as what I have known Country of India has rejected Bitcoin but they are using Blockchain technology and if I was not mistaken only XRP is allowed to use in their country because it is now centralized and regulated to their government. So, if that happens that having Banking System in Crypto-Currency the word "decentralized" in Crypto will become a legend. |
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....
So, the main point here is that Bitcoin is not just a cryptocurrency or an application of blockchain technology, it's overall the best cryptocurrency and the best use case of blockchain (guess why? because blockchain was invented as a part of Bitcoin). Don't talk about them like they are the same thing.
I was awakened on this statement from being lack of knowledge regarding Bitcoin, yes, overall of the OP statement is true and very informative especially newbies and those felling newbie here. So, what is the best name that Bitcoin had? Many people misunderstanding these both scenarios that the blockchain system was wrapped up together with it and with the same solution in Bitcoin. And since Bitcoin was the first application of blockchain, people often inadvertently used “Bitcoin” to mean blockchain. People have well known the name of Bitcoin as cryptocurrency and it might be inherent to the next generation which is not correct. |
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China was never friendly to cryptos and they were the first country to ban ICOs. Still chinese people were trying new methods to continue with thus activity which could have resulted the recent warning! Chinese government is no less than north Korea but just the news don't fly out to the market.
Sadly if communism at this scale is banning people from achieving their financial independence by forcing them to stick with the government provided ration. That should be abolished for the betterment of the nation.
Do you think the government of China is trying to make the life of its citizens worse? I think they just see more disadvantages in crypto than advantages and try to protect their people from loosing of big sums of money. Do not judge the political course of the country in that. China is one of the world's largest economy and I believe they know what they do. The true fact from this story is this news will not affect on crypto market positively. China is not friendly on crypto I think maybe they know that their citizens may take advantage since bitcoin is may used on illegal activities that's probably the reason of refusing bitcoin and other cryptos. They may be trying to protect their people for the possible fraudulent happen on cryptocurrencies and the blockchain technology. Well, we can't blame them each country has a different perspective on cryptocurrencies, luckily not all country like in China. |
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Lol mate. Bitcoin is digitalized and you can be mined this if you have an internet connection since it is digitalized I think we don't need digging deep because of bitcoin having different from gold both sides. But if there is a machine under the ground that makes bitcoin to be mined why not? (sounds like dump also, lol)  People always find ways on how to earn bitcoin if that will really happen, then they might start digging without having an internet connection. (This is a wild imagination that won't happen in real life it is just having a dump reply for a dumb question) |
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Each passing day, Bitcoin ATMs are established in different countries. More precisely, ATM for crypto money. How can we use it? We can only buy / sell BTC or Altcoin with Fiat? Or any of these has features interesting?
Firstly, as what have mentioned above let us know of which country you are, in my country we have an online app or website that we can able to convert our bitcoin into fiat and other altcoins. Just like ETH, XRP, BCH and lastly our local currency, some people here they used this as a wallet but I didn't use this as a wallet and holding for long-term it is less secure compared to other wallets. Then, therefore I used this just like ATM a converter of fiat and altcoin in my country. Here is the demonstration of how to create on that what I have said. https://www.youtube.com/watch?v=SARs9iVuxMw |
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In the coming months, they are 9 ETFs are there for approval awaiting from US SEC hopefully we can expect a positive outcome from Sec re-approval thought
If you aren't psychologically ready to take another 9 ETF rejections by the SEC then you aren't going to do well in bitcoin. The only way to keep a strong hand and don't do anything stupid is if you stop expecting that the ETF will ever pass. Assume the SEC doesn't have an incentive to pass it and move on with your life, bitcoin will do well without the ETF, hard money always wins in the end, the ETF passing would only speed up the rocket. Agree with your statement mate, yes bitcoin will do well without ETF. It is not bad for now bitcoin will increase even ETF was rejected that we expect that after rejection ETF will have an effect to the bitcoin and it might sink the price in the market. But their prediction was wrong that ETF will have a big impact if it is approved by SEC. One thing that comes up in my mind, before bitcoin pumped up the price last year without ETF so there's no reason that it will not happen again.(IMO)  |
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Well if you're planning to hold for a long time, might as well stick to the old reliables like ethereum.
I actually don't recommend anyone to hold any altcoins for the absolute long term since they haven't proven to be a dominant force within their own industry field. Ethereum hasn't had any serious competition yet to test its solidity, which is why I'm looking forward to how EOS will develop itself from here. I strongly believe that EOS has the potential to overtake Ethereum in the forthcoming years, especially if they get everything working. Another important factor is that EOS holds like 5% of all circulating Ethers which they can and likely will use to close the gap even further. If on top of that an exchange as Coinbase decides to add EOS where it will gain even more exposure, Ethereum will be pushed down even further. I however don't know how long it will take since EOS might actually be a security. Time will tell. Same as like here, but I hold altcoins for long-term aside from Ethereum I also hold EOS as of now in my portfolio. I've seen the good technology on this coin and probably it will profitable soon like what Ethereum did last year. Yes, in holding I always prefer into fiat to know how much I've to earn on my holding crypto. |
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This is the problem with industrialized countries they are the one who are mandating that we need to preserve and conserve natural resources for the benefit of the next generations to come. However, they are not worrying when they use too much electricity or power with the ambitious move to make a cashless society. How will they do it without using the natural resources to power up their digital equipment? And then there is no absolute cashless society because anywhere you go you will going to need physical money for a medium of exchange especially in times if there are natural calamities like earthquake, floods, storm and etc. where power could be affected by these events. So they are just really ambitious and damaging our mother nature sir/maam.
Hydroelectric power resources I think this natural resources will not harm our mother nature, and also there is a solar electric resource which is very safe to use even in your own house that is totally safe. Through these kinds of resources, we would able to run the digital money and having a cashless society which I until now it will never exist. Yes, calamities will the best struggle in cashless society, without these resources it will never run the cashless society. |
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