Bitcoin SV already hit BNB, now BSV price is more than ETH and I think it can hit ETH in near futur, what do you think?
It's a classic pump. People who have Bitcoin SV as a legacy of owning bitcoin before the fork, should take this golden opportunity to cash out. Pumps like this don't come along often :-) |
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HMRC (the tax office) has said that cryptocurrency is an asset and is subject to capital gains tax like other assets. But the UK has a £10,000 tax free limit on capital gains per year, so you only pay tax on gains above that. As far as I can tell, that's the only regulation on crypto in the UK. Britain doesn't like banning things - they prefer to do a warning about scams and then allow people to make their own decisions. As long as you pay your tax, you are good. |
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my Citizenship is fkng Iran, I asked Binanve support and guess what? They said not only they dont accept my KYC also they told me to leave Binance forever and they told me Im not allowed to use Binance even for small amount btc.
It's because Iran is under sanctions from the US, so any entity like Binance that deals in US dollar trades, can't accept you. You need to find an exchange where there are no USD pairs traded at all. The only way to find them is to spend a couple of hours on coinmarketcap, and trawl through the "markets" bit till you find an exchange that is not exposed to either dollars or Americans. So a pure altcoin exchange where you can't deposit or withdraw dollars. Or one of the far east exchanges that deal in the eastern currencies. |
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I am personally using Binance and the fees are 0.1% if u trade under 50 BTC /month . Is there a cheaper alternative ?
I use Kraken where the maker fee is 0.12% and the taker fee is 0.22% I don't think there are any reputable exchanges with extremely low fees. The exchange would need huge volume to be able to be profitable at a lower fee, and the volumes just arn't there anymore. Lots of exchanges expanded in the 2017/2018 spike, and then the volumes fell away, leaving them with a lot of staff and fixed costs and falling revenue. |
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Have you ever been scammed with cryptocurrencies, how was it?
The only scams I've been a victim of is of exchanges going bust taking my coins with it. I've learned how to detect the possibility of exchanges going bust though: they usually hike withdrawal fees in a bid to get you to keep your coins on the exchange. And they usually offer things like lending or "safe boxes" where you can earn "interest" on your coins. Those things are also designed to get you to keep your coins on the platform, and is a sign they don't quite have enough for redemptions if everyone withdrew their coins. |
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well when we get more adoption of bitcoin as a currency all over the world it means there is an increased demand for bitcoin then with something like halving that is cutting the fresh coins entering the market by half we can definitely expect a gigantic price rise equal to that same supply cut. that means a lot of speculators will also be attracted to bitcoin. it is not necessarily a bad thing though as that is also one type of adoption. as long as the real purpose isn't forgotten thing would be fine.
You mean "if" we get more adoption, right? Adoption was gong great till the debacle of Dec 2017/Jan 2018 when the mempool backlog was 3 weeks and fees soared to over $1000. Steam disabled paying by bitcoin and they haven't re-enabled it. And other retailers have shied away from enabling bitcoin payment as well. We've gone backwards in the last two years |
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I have been trading forex for a long time, but there has never been news of the government fighting forex, from the beginning until now forex is still operating in my area, forex is not the same as crypto because forex prices are still controlled by the government, I don't really like leverage because that is what usually becomes a boomerang for traders, so I moved to crypto trading, but now many exchanges have begun to adopt the forex system by providing leverage trading, in terms of analysis I prefer forex because the price is easier to predict.
Governments don't "fight forex", but they do manipulate things like interest rates, QE and so on to manipulate the price of their currencies. One of the most famous is the Swiss National Bank, which printed Swiss francs and then sold them against the dollar and euro, in order to weaken the franc. They then parked that money in bonds and stocks. The created so many francs (which then got sold for dollars), that those dollars then purchased $87bn of US stock. Here is the Swiss National Bank's own statement about this: https://snbchf.com/2018/08/durden-swiss-national-bank-owns-87-5-billion-stocks-after-q2-tech-spree/If you were trading the Swiss franc against the dollar in 2012 and you didn't know this was going on (it only came out in 2016 when the SEC made them declare their American holdings), you would have been taken to the cleaners. By contrast govts don't really intervene in the cryptocurrency markets because they're too small and insignificant. |
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Hal Finney must have accumulated a ton of bitcoin.
What ever happened to them?
After his death, have they been sold?
They sold a lot of it to pay for his medical treatment in the years before his death, plus teh costs of cryonicly freezing him: https://www.wired.com/2014/08/hal-finney/Finney never quite got rich from his early bitcoin involvement, according to Fran. Much of their savings went toward his health care as his condition deteriorated. They traded the majority of his bitcoins for dollars long before the currency's spike in value late last year.
After my story on Finney's life and work, bitcoiners donated 25 bitcoins to Finney and his family, a sum that's worth close to $12,500 today. Initially, Fran Finney tells me, the family intended to spend that money to buy Finney a new computer interface that would use an electromyographic (EMG) switch to read electric signals from surface muscle, allowing him to better control his voice and writing software. But the interface was incompatible with the few muscles Finney still controlled, leaving him locked in a body that increasingly prevented him from communicating at all.
So instead, the bitcoin donations will now go toward Finney's cryonic procedures, along with a life insurance policy the Finneys have maintained for years to prepare for Alcor's substantial fee. "Once we realized that Hal wasn’t going to be able to use the EMG switch, this was our next choice," says Fran. "The bitcoins will cover a large fraction of the cost." He died in 2014, so they sold back then (way before bitcoin started to surge in price). They got about $12,000 for the lot. |
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So i heard that the number of Bitcoin transaction increased double recently.
which means i can expect price increasing near future right?
Btw, i recently got airdrop token, which is exchange token, BPX?
Do you guys think that this kind of token may have a good value or nothing?
Not sure where you are getting your information from. According to the following chart, bitcoin transactions are at about 293,000 per day, which is where they've been for sometime. And transactions are DOWN compared to last March: https://bitinfocharts.com/comparison/bitcoin-transactions.html |
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Is there an ATM company in USA that doesn't require ID?
There arn't any in the USA. But there is a Canadian company called "localcoin" that operates Bitcoin ATMs in Canada without ID. See https://localcoin.ca/buy/bitcoin-atm/Basically take a trip to Canada. Exchange your US dollars for Canadian dollars in cash. Then use the Canadian cash at one of these bitcoin ATMs to buy the coins. This is viable if you are close to the Canadian border - or if you fancy going on holiday to Canada and buying a bit of bitcoin while you are there. |
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Despite World War III being averted, it looks like Iranians are still panic buying bitcoin: https://cointelegraph.com/news/bitcoin-is-becoming-more-valuable-to-iranians-amid-tensions-with-usDo Iranians really believe in the power of Bitcoin?
With all of the news stories recently floating on the internet that claim people in Iran are scurrying to get their hands on Bitcoin, especially in the wake of the recent geopolitical tensions that have been rising in the region, Cointelegraph reached out to Hadi Nemati, an Iranian digital currency specialist and chief operating officer of Bitfolio Capital — an open-end crypto hedge fund. He pointed out the following:
“After the summer of 2019, many Iranians came to know about Bitcoin because of all the mining news and the use of electricity associated with the same which was vastly covered by various state media outlets and newspapers. Bitcoin, on a mass scale, is being seen as a speculative alternative asset and digital money.”
When asked about which section of people among the local masses are actively making use of Bitcoin the most, Nemati pointed out that a threefold categorization can be made:
Miners: This, in Nemati’s opinion, is the most dominant group of the three — both on an industrial and retail scale. However, miners are forced to liquidate their BTC holdings regularly in order to meet their operational costs.
Investors: These individuals, as per Nemati, are mostly buying Bitcoin for long-term investment purposes and are using the asset to hedge their capital against the inflation of the Iranian rial. Additionally, in his opinion, even though Bitcoin is not as popular as many other foreign currencies or precious metals such as gold or silver, adoption has been increasing steadily in recent years.
Active traders: This group operates mostly in the local crypto market — at the corporate and retail levels — because, according to Nemati, Bitcoin rarely gets used for day-to-day transactions due to a lack of infrastructure. Not only that, even the Central Bank of Iran has yet to issue clear regulatory guidelines regarding the use of digital currencies.
In regard to why the popularity of BTC has surged so dramatically in Iran over the past 24 months, Cointelegraph reached out to Mahyar, a Tehran-based crypto miner and investor. He pointed out that since many Iranians do not possess international accounts, they are able to use Bitcoin as a means of receiving cross-border payments in a seamless, hassle-free manner. On the subject, Mahyar added:
“People send bits to a currency exchange and receive cash. Most bits also come from farms, and the dollar revenue is very important to people. I think big companies are doing their best to avoid taxation as well.”
I think Iranians getting into bitcoin mining is an interesting development. |
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Hi, I see that Bitcoin Cash and Bitcoin SV grew today a lot. Bitcoin SV gained 35% profit today and Bitcoin Cash 15%, what happened?
I didn´t find any information connected to the today´s growth, maybe insider trading?
These are just classic pumps. It's easier to pump these coins as they don't actually have a lot of volume. When these pumps happen, use the opportunity to cash out your coins. That frees money up to invest in other more sustainable projects. |
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Have you guys ever ruined your account when you were still a beginner? And by ruined I mean losing everything or a very big part of it. I started trading like 3 months ago and made my first deposit 2 months ago. After 150+ trades through the course of 1 month I managed to get my 4000$ initial investment to 7000$. Needless to say I was over the moon and I got overconfident. I invested more than usual thinking I have a great opportunity right there and even though I had a fixed plan with certain stop losses in place for every trade, after the price went against my prediction I still hold onto it thinking it will rebound and even added a little more to average down. In the end the price got my stoploss and I was down 3000$ (I don't know how I managed to lose so much in 1 trade). I was very frustrated with my idiocy and I started chasing losses (again like an idiot). Throughout the next 2 weeks I managed to lose another 2400$ by trading while mad (lost most of it when bitcoin went up from 6700 to 8000 at the beginning of the year, shorting it). Now I have only 1600$ left in my account, deeply depressed and afraid to lose even more. I'm afraid that I won't ever make it back and even if I do this is the worst timing possible with the halving rally in sight. I get more depressed even thinking of all the profit those money would have generated if the rally begins. I came here to ask for some advice since I don't trust my decisions anymore and maybe you could give me some insight.
That's where you went wrong - never ever trade more than 1/10th of your stash. It's all about risk management and ensuring that you don't lose so much you are out of the game. You should have also taken your initial investment out after you hit $7000. After that you'd have been trading only with your winnings and your losses wouldn't have been so unbearable. |
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I remember when both Uber or Airbnb each came out. You could save money using them. Now you can't.
Isn't there any good Uber or Airbnb type products that run on bitcoin?
I was thinking about long distance phone calls. A long time ago you had to pay for that. Then it gradually became free.
I'm surprised that we haven't seen that happen with Ride Sharing or even BnB's. Because think about it, both of those are pretty much commodities in society. By now they should be extremely cheap. They should be just a fraction of what is charged by Uber or Airbnb.
The issue is the confirmations. It takes an hour for six bitcoin confirmations (even though most retailers know bitcon is safe and needs only one confirmation, they still insist on six). Litecoin and Doge have quicker confirmations - but counterintuitively most exchanges require about 10 to 20 confirmations for them, taking about half and hour to 45 minutes. Someone booking an Airbnb might wait the hour to do the confirmations, but an Uber won't wait. And then of course was the famous mempool backlogs of 2017 which did more to destroy bitcoin's ecommerce credentials than anything else. |
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On a day of largely-stagnant price action in the cryptocurrency market, one major digital asset is moving out of sync with the overall sideways trend. Bitcoin SV traded earlier today at around $116 but, suddenly, pumped to a local high of over $128.
It is not immediately clear what is behind the Bitcoin SV pump. However, there have been some recent developments in the ongoing legal battle between Bitcoin SV proponent and Satoshi Nakamoto claimant Craig Wright and the estate of his former business partner, the late David Kleiman.Click here to read the full newsOkay even if Faketoshi's BSV got pumped recently, I really don't care at all! Even if you don't care, take the opportunity to sell your BSV for fiat or bitcoin. Why not? It's free money after all and once released you can put it to good use elsewhere. |
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In this list are some crypto exchanges that i think everyone almost know, some are almost closing just letting the users get their coins, and funds while others disappear together with our crypto, i am also a victim of that although some exchanges have reasons here are some of the exchanges List of echanges that closes in 2019 alone i hope i can help and update everyone Cryptopia Liqui QuadrigaCX CoinPulse Gatecoin Coinnest Coinome Coinroom BitMarket Novachain exchange DEX Einstein DXExchange Virwox IDAX exchange for more information about this here is the link fore more info https://en.cryptonomist.ch/2019/12/14/crypto-exchanges-closed-in-2019/so always be careful if you have local wallets that can store your coin do it The only one I'm sad about on that list is Virwox. Without Virwox existing in the early days of bitcoin, it would have been extremely hard to buy bitcoin. Back then you had to go through loads of hoops just to get your money to someone who could sell you some coins. Virwox, Mtgox and others actually paved the way to bitcoin becoming a viable currency. R.I.P ye olde exchanges! |
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It's complete rubbish that the price of gold will go to $50,000 or even $100,000.
Who on earth would bother to buy at those prices? The price of gold is currently being supported by people in dodgy countries who are trying to preserve their wealth from their govts - and even that is not enough to send it above $2000.
As long as the US remains a stable democracy, gold will just trade between $1000 and $2000.
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IMO installing a bitcoin ATM on a developing country would do more harm than good considering how huge the fees these machines impose for a single trade/transaction.
Imagine paying for more than 3% per transaction instead of paying a flat fee for a purchase/sell that you have done. People from those regions obviously need any extra dollar/penny that they can get so what good does a bitcoin ATM do? Convenience? That's the last thing people from those region needs.
Also, the concern for these people should be focused on their own economy, shifting all of their attention towards strengthening their GDP and per capita income, above everything else. Bitcoin does not and will not alleviate poverty magically on a developing country. It has to happen among themselves first before they adopt bitcoin to which they can place their own money on if they want to.
Yes. These machines are only of value in places where there is no exchange and therefore no other means of buying bitcoin. Otherwise there is no point to them (especially as most of the machines only let you buy bitcoin but don't let you sell it in return for fiat). |
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If a random country is in debt, is printing money a good way to pay it off at the expense of the citizens?
For example, lets say you owe an entity $100. If you print an extra $100 bill you pay off your debt, but unbeknownst to the entity the $100 that they lent you is now worth less.
Would the barter system be a good way of combating this?
The answer is "Only if the velocity of money is decreasing". The velocity of money is the rate at which the money circulates. So say you get a loan from the bank (so money is being created with the loan), then you spend it on a car, that money goes to the salesman and the manufacturer, they in turn spend it on their mortgage and so on, and the money circulates. The faster the money circulates, the greater the velocity and the greater the tendency to lead to inflation. In cases like that, the central bank will raise interest rates, to deter borrowing, and the whole cycle will slow. If the velocity slows down (people arn't borrowing, and the money they earn is used to pay down their debts, this destroying money), then you can print money without causing inflation. But if you print money while the velocity is high, then you end up like Germany in the 1920s or Zimbabwe now - with triple digit inflation. |
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Of course it is, but it's quite misleading to use coinbase chart as a reference. That's not one of the exchanges where the problem is. Most of the top exchanges in coinmarket have no liquidity and they are faking everything.
Agree. Coinbase is pretty good and they don't fake anything. I'm not sure why people are so worried about reported volume. All that matters is whether your orders on the exchange you use get filled. If your order gets filled, it's liquid. If your order waits ages to get executed, it's not liquid, and it's time to find another exchange. |
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