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5981  Economy / Gambling discussion / Re: 🏈🏈 The Essential NFL Thread 🏈🏈 - new poll every week on: December 26, 2019, 03:43:34 AM
Is this real? Baltimore is +2 in their home stadium versus the Steelers hehehe. What do the sportsbooks know? Lamar will not play?
5982  Economy / Speculation / Can Bitcoin Really Hit $1 Million? Demirors Warns Halving May Have Zero Impact on: December 26, 2019, 03:14:30 AM
I reckon the more qualified people in the forum like Carlton should share their arguments on this. Do you agree or disagree?

In any case, Meltem is pretty hehehe.



Meltem Demirors, the chief strategy officer at the digital asset manager CoinShares, is the latest to tackle the notion that Bitcoin will behave as it has in the past and rise dramatically after its next halving, which is set to happen in May of 2020.

She says the emergence of Bitcoin and crypto derivatives could change the trajectory of the leading cryptocurrency and make the impact of this next halving significantly different.

“There is a very real possibility the price of Bitcoin does not go up after halving. For the first time, there is a robust derivatives (futures, options) market for Bitcoin. Most firms looking to speculate on Bitcoin will trade a derivative, not the underlying.

A topic that’s been studied in other commodities markets is how pricing is set. Bitcoin is, arguably, a digital commodity. Normally, producers set the price of a commodity (classic S = D = P from Econ 101) when derivatives take off, producers lose the right to set prices…

The more Bitcoin becomes an investable asset, the more its price becomes decoupled from its value and its supply and demand. It becomes yet another backwater in the great game of global speculation. It becomes ‘financialized.’ It becomes correlated to macro markets.

Today, the Bitcoin derivatives market is still small. But the market will grow quickly. will be interesting to watch. Derivatives on Bitcoin are an oxymoron. But they’re the fastest growing part of the market.”


Bloomberg Markets editor Joe Weisenthal is also skeptical of stock-to-flow predictions. In a recent newsletter, he argues that Bitcoin’s fixed supply is well-known and already priced in.


Read in full https://dailyhodl.com/2019/12/25/can-bitcoin-btc-really-hit-1-million-meltem-demirors-warns-btc-halving-may-have-zero-impact/
5983  Bitcoin / Press / Re: [2019-06-15] IRS turning its attention to recreational bitcoin investors on: December 26, 2019, 02:59:46 AM
What gains? There are no gains until you sell any cryptocoin for fiat later. Does the American government tax people for paper gains from holding stocks.
The IRS says that trading a cryptocurrency for another cryptocurrency is a taxable event, even if the trade never touched fiat in any way. If you are using BTC to day trade an altcoin, or using a stable coin like USDT to day trade BTC, every single buy/sell/trade needs to be declared and have tax paid on it based on the market value in USD at the time of the trade.

If overall you lost money in a financial year from trading crypto, you can file those losses to offset taxes you will pay on other income.

I remembered this discussion when I was reading about Ethereum 2.0 and their plan on swapping ETH1 for their new ETH2 tokens. Does the taxable event also apply on Ethereum's swap?
5984  Bitcoin / Press / Re: [2019-12-18] Two more bitcoin firms shutdown over impending EU money-laundering on: December 25, 2019, 04:20:03 AM
@figmentofmyass. I think that hv_ might be drunk on a christmas party hehehe. I am shaking my head while reading his reply to me 5 times.
5985  Bitcoin / Press / Re: [2019-12-19] Heard of bitcoin's 'halving'? It's set to shake crypto markets ... on: December 25, 2019, 03:57:49 AM
However, it also shows that the halving is not an immediate solution to end a bear market.


I don't think anyone thinks it will have an immediate change in price.  The November 2012 halving and then the July 2016 halving didn't cause an immediate huge spike.  I remember watching for the first post-halving block.  It was like watching grass grow.  But anyway, it took time for the price to increase.  It wasn't until spring 2013 when it started to go up a lot (5-6 months), and then it wasn't until maybe spring 2017 after the July 2016 (6-8 months) halving that things started to look up in fiat price.

I think it went something like this:  People were anticipating the halving, had bought some bitcoin beforehand hoping to make a quick buck.  When it didn't spike that day, week or in the next month, people started selling think it wasn't going to happen.  It took months to clear out the bitcoin people had purchased prior to the halving.  Once that supply was cleared out, the impact of the limited new supply became apparent and the price ended up reflecting that over time.

So I wouldn't expect a spike in the middle of May 2020.  There will likely be some increased demand between now and May because people want to get in prior to the halving so the fiat price may go up but I wouldn't expect a big spike in price on May 14th (or whenever it ends up actually occurring) for the same reasons it hasn't happened in the past.

Will the next halving result in a similar price spike as the previous ones?  No one knows, but if new demand for bitcoin remains the same while the new supply is cut in half yes.  

However, you do not think that there is a first time for everything? That it might be the first time that bitcoin might stay on a bear market after a halving because all demand is exhausted?
5986  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: December 25, 2019, 02:01:34 AM
Merry christmas and a happy new year to all! The thread should not be stuck on the 3rd page hehehe. Where did all the holders go?
5987  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON: Cryptonote privacy, efficiency, decentralization, and stability on: December 25, 2019, 01:34:34 AM
Also, looking at how small Aeon is in community, in market capitalization, in development team, anyone can see that we do not have the funds to pay exchanges hehehe. The project also has zero promotion except for what the community contributes.
5988  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON: Cryptonote privacy, efficiency, decentralization, and stability on: December 24, 2019, 02:49:42 AM
@Moshen. Is that what your useless scamcoins do in your bumping service? In any case, thank you for the free bump hehehe.
5989  Bitcoin / Press / Re: [2019-12-18] Two more bitcoin firms shutdown over impending EU money-laundering on: December 24, 2019, 02:27:10 AM
Welcome to the financial world. The most (over) regulated sector across the planet.

Scale the original transparent Bitcoin industrial way or get regulated into nowhere

Told ya

What does it mean to scale the original transparent bitcoin industrial way? How would it make bitcoin avoid the regulations?
5990  Economy / Gambling / Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site on: December 24, 2019, 02:05:10 AM
@Ronnie. Will Cloudbet offer the odds for the coming Oscar awards on 2020?

Also, I reckon that we should have more movies betting similar to the + or - Rottentomatoes rating for Starwars hehehe.
5991  Economy / Gambling discussion / Re: 🏈🏈 The Essential NFL Thread 🏈🏈 - new poll every week on: December 24, 2019, 01:37:18 AM
This game between these teams might be a preview for their wild card round hehehe.

In any case, I do not see a y on Philadelphia Eagles. Do the Cowboys have a chance to win NFC east and proceed to the playoffs?
5992  Bitcoin / Press / Re: [2019-12-19] Heard of bitcoin's 'halving'? It's set to shake crypto markets ... on: December 23, 2019, 03:46:46 AM
However, it also shows that the halving is not an immediate solution to end a bear market.
5993  Bitcoin / Press / Re: [2019-12-15] Bitcoin Prices in Venezuela Near $9,500 as BTC Demand Intensifies on: December 23, 2019, 03:31:07 AM
~
If in reality you can buy USD in Venezuela for a price that is higher than the official rate, then maybe when talking about how much is BTC in Venezuela we should take the real price into account?

I have an impression that in articles regarding the Bitcoin price in those countries with hyperinflation they are always making the same mistake: they take the current price of BTC in local currency and then divide it by the official exchange rate of that currency to USD. If they were using the real exchange rate instead of the official one for their calculations, maybe they'd get the same USD/BTC rate as anywhere else.

I do not know who or how the rates are calculated in Venezuela, however, what I know is these types of articles are clickbait. Should we be happy that you can sell your bitcoin for a higher rate in a sanctioned country with hyperinflation?


Idk, I think it would be interesting information if it were true. I mean 33% difference in price for BTC between Venezuela and the rest of the world could be something I personally wouldn't ignore, even if it were a sanctioned country with hyperinflation, like you said. But the thing is that it's most likely not true. They simply calculated the rate in the way I described in my previous post.

Will you accept Venezuela's currency for payment or American dollars?  How much did those Venezualans pay for American dollars? Also much above the regular rate, I reckon. American dollars demand intensifies.
5994  Bitcoin / Press / Re: [2019-12-18] Two more bitcoin firms shutdown over impending EU money-laundering on: December 23, 2019, 02:09:37 AM
I haven't heard any of the major exchanges, or anywhere really, mention this. Presumably that means they've taken it in their stride? If it's that onerous and that soon I expect to have heard a great deal more about it than I have.

They might be taking it in stride not to hesitate in giving their users' private data to anyone that demands it under law hehe.
5995  Bitcoin / Press / Re: [2019-12-19] Heard of bitcoin's 'halving'? It's set to shake crypto markets ... on: December 23, 2019, 01:50:02 AM
@posi. I did not say a promising result is certain not to occur. I am only saying to prepare for disappointment because it might also occur similar to litecoin's halving.
I understood your statement and I'm also aware some people are comparing the result of litecoin halving with bitcoin upcoming halving  was the reason some people believe the result won't lift up to our expectations whereas the project which a lot of investors have lost confidence in ever it creator declared to have sold all his holding can't be used to justify the crypto which is widely used.

Are you telling me that a pump after halving is certain to come simply because it is bitcoin, it is different. The only sure things in this world are death and taxes hehehe.

@figmentofmyass. Litecoin's last halving was on August 4, 2019.
5996  Bitcoin / Press / Re: [2019-12-19] Heard of bitcoin's 'halving'? It's set to shake crypto markets ... on: December 22, 2019, 02:45:15 AM
@posi. I did not say a promising result is certain not to occur. I am only saying to prepare for disappointment because it might also occur similar to litecoin's halving.
5997  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [AEON] Aeon Speculation on: December 22, 2019, 02:19:49 AM
@Febo. I reckon it is the maximum for that price. If all the 0.05 is bought, a new higher price will be listed.

Also, $350 is not that big per price limit. The price can be pumped instantly.
5998  Economy / Gambling discussion / Re: 🏈🏈 The Essential NFL Thread 🏈🏈 - new poll every week on: December 21, 2019, 03:13:44 AM
I can't see the Patriots making it to the SB this year.  I don't think they have enough offensive weapons to compete against the other top AFC teams.  But it is hard to count out Brady and Belichick.
Whether NE will make it to the SB or not will depend on several factors. They need to finish 13-3 and get a bye week since I believe that if you give Belichick a home game and two weeks of preparation he will find a way to exploit any weakness KC and Houston may have, if they do not and have to win two games on the road then you can count them out, this means their game against the Bills this Saturday is crucial for their aspirations.

Another Factor is Lamar Jackson’s health, if he is healthy then I do not think he can be stopped by the NE’s defence, but if he is not as mobile he will need to beat the NE’s defence with his arm and NE’s secondary is one of the best of the league.

I saw a list of players for this season's probowl. Casual fan's question, are the players who are going to play in the superbowl always going to risk injury to play in the probowl?
5999  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [AEON] Aeon Speculation on: December 21, 2019, 02:47:08 AM
@Febo. Is aeon.to owned by the same people who operate xmr.to?

In any case, the small maximum transaction allowed on the site on a certain price is showing my argument for me.
6000  Bitcoin / Press / Re: [2019-12-18] In Venezuela, buying up bitcoins, the rate is close to $ 9500 on: December 21, 2019, 02:25:20 AM
This clickbait news already has a thread.

https://bitcointalk.org/index.php?topic=5209744.0
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