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I don't know if any true or false game exists now but there are few websites that will allow you to earn cryptocurrency from your predictions. The answers are not simple as true or false though but the idea is somewhat same. Check stox platform for your reference. They had successful ICO few months back. However, I haven't used their platform very extensively so it is better if you do your own research.
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Are there any statistics on how gambling with Bitcoin (and crypto generally) develops? I would be interested if it increases or decreases. From time to time there are articles on media like Coindesk but I'm not sure if you can believe the data.
If you are looking for the traffic statistics then you can launch your own project to track the data because traffic statistics are available in the internet. I see someone has already pointed out the data based on bounce rate. However, if you are looking for the crypto gambling data based on the amount spend or bankroll details, then you will be disappointed because majority of the gambling websites won't provide any such data to keep themselves safe from hacking attempts. |
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This is possible only if the cryptocurrency is accepted as a legal tender in that particular country. Means, it will be only effectively boost a county's economy if a person can purchase goods and services using cryptocurrency. Otherwise, it will have no impact on the economy. In majority of the countries, cryptos are being used as an investment. That will not boost the economy of any country because at the end of the day, investors will have to convert it to fiat to see the profit. To empower the actual economic boost through cryptos, it needs to be a legal tender first! |
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As the subject line mentioned, the largest private sector bank in India, ICICI Bank embraces the power of Blockchain technology. As a trial run, they have initiated this technology transformation with one of their counterparts Emirates NBD in Middle East. While going through my personal Linkedin profile today, I found the below update, https://www.linkedin.com/feed/update/urn:li:activity:6397396738059132928The change is imminent! The sooner they adopt it, the better! |
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Hey, new to this forum.
Here's the background on my tax question:
From about 2014 to 2015 I had Coinbase accounts in my name that I used to exchange a few thousand dollars of bitcoin with. I used bitcoin as a currency, so any profits I made were incidental - taxes owed would be about $20. I never thought to report these transactions, and since they were less than the $20k threshold that was sent to the Feds, I haven't had any issues with it.
Now, during 2017, I purchased several tens of thousands of dollars of Bitcoin in my name also through Coinbase, but under a different account. I plan to sell these eventually and pay taxes on the profit.
My question is: If I sell these coins under this 2017 account as an investment, will this somehow trigger the release of information about my old 2014-2015 accounts? I don't mind paying taxes - I just don't want to be on the IRS delinquent list.
Thanks for any help.
As you are saying that the tax amount owed is about $20, I would encourage you to go ahead and release the information from the old account to IRS. Because you never know what might trigger issues in future. For just $20 tax, you certainly don't want to face any issues. So go ahead and declare that! Because if you have used your original government issued ID to create both of your accounts, it would be released to IRS no matter what the current status of these accounts are. |
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Public company here essentially means an investor funded company and private company means the investments came from a private source like Private equity or angel investors. However, being a trader, do we really consider these factors while opening an account or executing trades through an exchange? I believe no! However, it is just a good to know information for the users. What really matters is the functionality of a particular exchange. But this Bitbox exchange has one very good feature as Insurance. That is one very important feature that is missing in many privately funded or publicly funded exchanges. To stack up against the big exchanges, functionality and features are important above all! |
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As we know, Cobra owns bitcoin.org. And as we know, Cobra has been showing signs of supporting Bitcoin Cash, aka BCash, lately, as seen on his tweets. https://twitter.com/cobrabitcoin/status/940720368121188352And this was tweeted conveniently during the transaction spam clusterfuck. It's safe to believe that Ver is siphoning some Vermoney to Cobra. The next step is to of course, buy the bitcoin.org domain from Cobra. Cobra is anonymous and we don't really know his financial situation. It may be too tasty for him to pass a couple millions from Ver with no consequences for his reputation. While theymos is also anonymous, at least we know he is loaded and he isn't as easily bribed. I predict Ver is going to buy bitcoin.org and redirect it to bitcoin.com or just remove anything that isn't BCash's clients in order to pump his altcoin. The twitter account of Cobra says he is the co-owner of bitcointalk.org as well alongside bitcoin.org. So if you are assuming that Theymos is loaded and can't be easily bribed, the same assumption goes for Cobra as well, since he co-owns the business with Theymos. I doubt Ver has any intention to buy bitcoin.org just as yet because it ain't gonna change the status and reputation of his altcoin in any way. Cobra's tweets are not clearly signalling towards the BCH support. It's pretty complicated to understand his intention from a single tweet. But from the below tweets it's safe to understand he is heavily into BCH, probably invested or mined! https://twitter.com/CobraBitcoin/status/1021956578461839366https://twitter.com/CobraBitcoin/status/1021173825189351425https://twitter.com/CobraBitcoin/status/1022195056332230662Things are taking directions but unsure which way it is! |
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There is a common question in this platform is that, How much we should invest? Where to investment? And many more.
I want to share some of my views with all of you.
I want to say, As a new comer, invest in bitcoin is not so easy. Before investment everybody need to do some sesearch then it will not be so difficult. Here, one thing should remember everyone that every investment bear some risk. And every investor tries to minimize the risk by using different techniques. Here , in this platform we also use some techniques in investing. We can select a group of coin which past record is better than others. That means we need to study the price chart.
We also should remember that, It will not be wise decision to invest our all money in a single coin. We also should not invest our all money at a time. Rather we should invest our money with the changing situation and different time. It will reduce the investment risk.
To me, we should give importance to the investment techniques rather than investment amount. So, we can invest any amount of money what we have with us. And we should remember that, it will not be good decision to invest here by using the debt.
I think many of us agree with me. And guys, if you have any other idea please enrich us.
Thanks in advance for the participation in this discussion.
Diversification is the basics of safe investing technique and applies to any type of asset and sector. be it real world stock market or crypto currency. Dependency on a single equity or a single coin can bring financial disaster. So I recommend a very basic technique for investment in crypto currency which is known as "systematic investment plan" or SIP in short. This particular technique brings good result even if you don't have time to track the market. In this technique, you invest a fixed sum of money in to a fixed set of assets according to the predefined percentages at certain interval. Lets assume you have $1000 to invest in cryptos every month and also I assume you don't have time to track the market. So what you need to do is, invest that $1000 on every 5th day of month into predefined cryptos like below, Crypto 1: 25% - $250 Crypto 2: 35% - $350 Crypto 3: 15% - $150 Crypto 4: 10% - $100 Crypto 5: 15% - $150 On every 5th day of different month, the prices will also be different for these cryptos. So you will have the opportunity to enter into the crypto market into various price points to effectively average out your buying price. This technique will effectively increase your profitability. This same technique is usually used to invest in mutual funds in real world scenario and considered one of the best techniques to build a great portfolio. **The date, amount and percentages are for illustration purpose and can be change according to your need and risk taking capability. Hope this helps! |
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It won't happen.
Smartphone for bitcoin mining? you are just destroying your phone.
Smartphone as digital wallet, you can simply download an app / wallet and that's how you make it as your wallet.
You never know! With the help of nano technology we may be able to achieve smaller chips that produces as much power as a full sized mining rigs in future. I mean that is not the reality now but it may become in future. If you were 80's kid, did you ever think that you can carry a computer in your pocket? Because what computer we have seen that time was Pentium one and it required an air conditioned room to run that. Nano technology achieved that impossible and now we carry a smart phone inside our pocket. So keep your hope high as we don't know where the technological achievements can take us! |
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....
Looks as if google may not pay the EU fine after all.
If google deserves to be fined for having a monopoly over search engines then do banks and credit card companies likewise deserve to be fined for having virtual monopolies over massive portions of electronic payment services?
In 2015, Barack Obama accused the EU's aggressive targeting of tech sector giants like google & microsoft as protectionism of the EU tech industry who otherwise "wouldn't be able to compete".
In a perfect world google would buy $5 billion worth of bitcoin and offer the EU a $5 billion dollar loan when the price of 1 bitcoin reaches $15,000 and the euro further inflates due to EU overprinting.
Its purely expected that the President extends some support to Google because of the importance that it plays and beyond what we see, there might have been some backroom discussion before the tweet was released to the public. When I read the news about the Judgement, it was more of mixed feelings because for one, I don't have any issue against what Google is doing because its purely having an advantage over others and linking their products together to me is boosting their business. Also, I use Chrome and I still judge it as the best. The same way they cannot ask Apple to not make Safari their default browser, I think they should leave Google alone. For at least once, I support Trump's statement here! On the otherhand, I think there is some take away from here in that no matter how big a company is, there is always an overseeing body looking over its activities and that is a check to them to ensure they do their business in the right way and even if there is competition, it should be done according to the rules of the game. As you have correctly mentioned that we can't ask Apple not to make safari browser as their default one. The fine is exorbitant and not acceptable for a business organization. After all, google is not doing charity to us! They will take some advantage for keeping their services free of cost to the general mass and the gap will be filled by the advertisers who will require more visibility. EU has becoming a money hungry continent it seems. Google should charge subscription fees for EU residents from now onward to use their services that are designated as free for the rest of the world. |
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While you answered about the ETF from a different perspective but you forgot to answer the second question mentioned in the subject line. The "effect" part of it.
Bitcoin ETF is not useful for main bitcoin market. To be honest, not a single penny from ETF market is going to flow into the bitcoin market. The money invested in ETF is going to stay with the company and the investors will just get the profits and losses from the price volatility. So ETF is not helpful for the crypto market.
As a follow up on what is being answered so far because even me myself, aside from the news that surrounds it because if the noise of major support, I don't really understand the real effect its going to have on bitcoin and I believe a lot of people feels the same which is what led to the creation of the thread. In your submission, you said its not going to have any effect on the price of bitcoin but those companies that people who have no knowledge of bitcoin approaches to buy shares on their behalf, those companies are bound to do same and in doing that means they have to buy for them or trade on their behalf then share the profit. This would ultimately affect the price of bitcoin or am I missing something? ETFs are of two types. One is synthetic ETF and another one is physical ETF. I don't yet know what kind of ETFs are currently being reviewed by SEC. if it is a synthetic ETF, then certainly we are not going to have any effect on the bitcoin market because synthetic ETFs don't hold a physical asset. Index funds are one of the examples of synthetic ETF. But some of the index funds buy forward contracts to maintain their fund security. But if the ETFs being reviewed are the physical ones, then yes, they will have to buy physical bitcoins and trade according to the requirement of the investors. So if the ETFs in question are the physical ones, then we will see a very significant effect on the bitcoin market because of large buying orders and fresh funds inflow. But lets wait for more clearer picture until the fund documents is available for the public. Then we can ascertain on its impact based on the type of the ETF. |
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Many predict their own bitcoin price. Others say the price of btc at the end of 2018 is $ 50,000. And others say that it will cost $ 100,000- $ 1,000,000 over the next few years.
But at this moment your prediction price of btc is still the same or your predictions have changed?
Prediction comes from experience and hope, so I see no reason to not believe in it. Bitcoin and other cryptos are a speculative asset to me as I have been investing in these instruments since a long time now. But why I am investing in these assets? It is because I predicted the future as per my own experience and hope. So why not believing in it? And yes! Predictions change from time to time according to the current events and situations, especially if you are predicting for shorter term. For longer term, predictions may remain same. But your argument did not give us a strong reason on why we will not believe in predictions? |
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As supreme court is still to take decision regarding regulation of crypto currency in India after RBI denied and asked banks to stop transactions. Are Indian investors still want to make crypto investment! What will happen to people who didn't withdrew money back?
There are way to bypass the RBI circular and you don't need to worry about it. RBI directed Banks to stop providing services to the business entities who deals in cryptos and as mentioned by you, the circular isn't yet in force because a court case is still ongoing. But if you choose p2p transactions in low volumes, there is no risk. Just make sure you are not receiving any large funds which is not at per your usually balance. Lets assume, you maintain an average balance of 20-30k in your bank account and you suddenly receive funds worth 2 lac. It will certainly raise an alarm. So choose smaller deposits spanning over longer period and you are all good. |
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These days all you hear in this modern world is Network Marketing and how some people claim it has really helped them. Well i don't disagree with them totally but i just want to educate some forum members about the fact that investing into bitcoin is a better form of enterpreneurship than engaging in Network Marketing.
Starting up in Networking Marketing is not an easy task at all so never be deceived by their sugar coating words about how good their lives are because some people fake it before they are able to make it Networking Marketing but may you might not be too lucky you can fake to the end. In Network Marketing you will need to stay in touch with your downlines making and ensuring that they keep up with certain tasks as this is the only way you can also move up some strict ranks to earn money. This is not the only pain people but trust me if you should skip any of these regular activities you come back to point Zero.
Yes, that is how painful it is in Network Marketing.
But it is so nice and quite fun that in bitcoin investment you do just two things:
1. Invest with what you can
2. Sit and watch your money grow
Now don't get me wrong house, I ain't a lazy dude but i don't see the reason why I should grind vegetables in an earthenware bowl when i can use a blender and still get it done nice and sweet.
What do you think fam, Is it going to be investment or network marketing?
Network marketing and bitcoin investment are two very different sector and each sector has their own strengths and weaknesses. For a socially active person who can talk and convince well, network marketing is a good place for him to be. On the other hand, a technical persona with interest in new technologies, can invest in cryptos and explore more opportunities in the market. Also network marketing comes with certain perks like foreign visits and expensive gifts which is not present in crypto market. Network marketing is more similar to a real life sales job but crypto market is just investment. It's not wise if we compare these two markets with each other. They don't have much things in common! |
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My first question is.
Can I create a startup in one of these zones then invest bitcoins into the company which then needs a company boat for me to go travel around the world for the company?
Looking at the article what I understood is that, there is no change in the laws of company formation. So you can form a company in these zones by following the existing state law. However, the tax burden will be slowly diminishing allowing you to have increased profits over a span of few years. The main goal is to revitalize the backward communities and provide oxygen to the existing and potential industry formation. However, I could not find any mention about bitcoin or cryptos here. That essentially means, you need to follow the existing federal guidelines that are there for crypto related investments. Company formation is obviously possible with greater level of tax reduction but for crypto, I don't think any special provisions have been given. |
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Free scripts of any kind comes with serious security vulnerabilities and should not be used if you are planning to start a gambling business online. These are super easy to hack and comes with inbuilt Trojans. You may loose access to your funds anytime at any given point. I think such kind of topics should not be allowed to be posted here. It leads to serious level of scam.
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Once its like other stocks, we know that there is a huge chance that the prices will shoot up like crazy. However, after that we will see a lot of stability and this will not be very volatile like now therefore huge up and downs wont be possible and profits will not be huge (Including risks)
Is it correct? can someone please explain how does this works? Is there going be a big commission as well on each trade? is there going to be a margin? I actually dont understand this if someone can shed some light in simple terms. Thanks.
It is most unlikely that ETFs will make any negative impact. If a big corporate comes to the bitcoin market, it will make positive impact only and nothing else. However, we don't yet know what kind of ETFs will those be! There are mainly two types of ETFs, 1. Synthetic ETF - which doesn't hold any physical asset and plays on the price fluctuation of the attached asset. 2. Physical ETF - Actually holds physical asset So if these ETFs are in question starts holding physical bitcoin, they will actually have to buy those from the open market and fresh funds will flow into the market. That is going to make positive impact for sure. However, if these ETFs are planning to introduce synthetic funds, then no fresh funds will flow into the market and no positive impact is likely to be shown. Since we don't yet know what kind it is, it's better to wait and watch the outcome. THE rest of your questions can be answered once we have the details of these ETFs available with us. |
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I don't know about any app but I can recommend localbitcoins.com to you. I have been using their services since a long time now and if you are diligent enough, you should not face any issues with this platform. They offer an inbuilt escrow service through which you can secure your funds before receiving the actual fiat money into your bank account.
By the way, which company you work for? As you have mentioned you receive your salary in bitcoin so I am just intrigued!
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That's much better instead of prohibiting it. If they can see some good market to gambling on their country then that's better to start regulating the industry. It can also be one of the best industries that can contribute to their economy.
India has a large population and if there's a big portion of their citizen into crypto and gambling this will be a big trend.
The rumor about India banning crypto's will remain as a rumor now.
Right you are! Very recently the Law commission of India submitted a report on gambling to the Finance Ministry and to the market regulators to legalize gambling and sports betting in India. You can read the news from the below link, http://www.asgam.com/news/item/4974-law-commission-of-india-recommends-legalizing-sports-betting-and-gambling.htmlIndian government tried real hard to stop any kind of gambling to take place on its soil but failed miserably. Now they are thinking of capitalize on this same idea. Nothing has been materialize yet but lets hope for the best! |
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