A recent Gallup poll shows the early adopters of Bitcoin among American investors. 2% might not sound like it's a lot but it's a very good start for such a new investment category. The question is what else needs to be done to get that 2% number higher? You can read about the poll and the other results of the survey here: https://bitcoinist.com/quarter-us-investors-intrigued-bitcoin-poll/2% for the world's largest economy is actually an encouraging number for a new asset class like bitcoin. The population is 1.3 billion and it is estimated that around 0.8 million people own bitcoin, so the percentage is around 0.61%. So comparing this, 2% is certainly an encouraging numbers. However, with time it needs to be increased. The increase in oercentage is only possible with clear legal framework and increased merchant adoption. Unless bitcoin and other cryptos can be used as a currency or a legal tender, the growth will be slumped. Investment is ok but a currency should be used as a currency to help its growth. |
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Lol!! Another ponzi scam! Red alerts are below,
1. Asking public money to trade on their behalf
2. No office address mentioned anywhere in the website
Pure and simple ponzi scam in the disguise of managed trading. Avoid it like a plague!
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Everyone seems so excited about the launch of bitcoin ETF. But can anyone guide me to understand whether the proposed ETF by Direxion is a synthetic or a physical one?
If it is a physical one, we have a reason to cheer because large buy orders will follow as soon as the ETF is approved by SEC. These coins will be removed from circulation pushing the price higher.
However, if it is a synthetic one, the community will have no reason to cheer because no physical bitcoins will be bought by the ETF management. So before cheering about the proposed ETF by Direxion, we need to know the truth. Can anyone point me to the right documentation here?
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When the price drops, there are many bad comments coming from different directions. The Newbies are most affected by this. Because if someone wants to invest, they are lagging behind for those bad comments and they are afraid also. Is this reason their Confidence Level is not low? I think we should stop our bad comment about Bitcoin. We will also benefit from this.  Naysayers will always be there but if you listen to them, you have pretty much made the choice for yourself! Also the way naysayers are harmful, similarly heavily optimistic people are also harmful in a way. you often come across many people who speculate that bitcoin will be worth a million dollars by 2020 without providing any prudent ground to their claim. That's astronomical and no reasonable person will believe this! This kind of FUD is also not good for the newbies and to the communities as well. To all newbie, my recommendation is to stay reasonable. Bitcoin is not a magic wand which will be valued by a million dollars within 5 years. So don't have very high hopes! Yes, few hundred percent of profits is obviously possible but be observant of the market dynamics always. That will save you from any disaster and also allow you to score at a cheaper price! |
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Probably since that website is not as famous as the main dice sites it should have not a lot of players playing there. That 90% winning rate means that you have 90% chance to win a bet.
While 90% is a big amount and it means 9 out 10 bets should be wins ideally , in theory it differs, it means that the house will win 10% on the long run and it is not dependant on single players.
I think you have hit a bad run, that's all. I don't know the site though so can't say they are cheaters or not but I think I gave you a good explanation of what must have happened.
Have you seen the video bro? If not then better to watch it and you would able to say the same thing on where op is talking about. 90% odds will definitely give you a win but on the video as i have estimated or counted it is already on 35-40 rolls but all lose? Its totally a rigged site and should be avoided. First glimpse this is totally almost the same on the old design of primedice and lastly this should be on scam accusations board. Correct! Looking at the website design gives me a scammy feeling as the design is same a old primedice website. OP shouldn't have played on this website at all. 100% loss from 40 odd bets can only happen on a fake and rigged script. I too second the opinion to open a scam acquisition thread for this website so that the community people can be aware of it and avoid it. |
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Overall the article is right - the market is still extremely inter-connected. That may have to do that almost all altcoins are traded mostly in Bitcoin.
But I've observed that the success of a "diversifying" strategy has to do with the phase the market is currently in. So a good observer can achieve advantages diversifying and "un-diversifying" at the right moment.
The stats in the article you linked, for example, show that altcoins often exaggerate mid-term movements. For example, the last bullish cycle in Bitcoin in late 2017 was crazy, but much crazier in most altcoins. In contrast, in 2018 most altcoins fell much deeper than Bitcoin.
This shows us that - in contrast to most diversifying strategies at the stock market - a "diversifying" strategy in cryptocurrencies is not a good idea if you want to protect yourself from price drops. Instead, just in market phases where it's clearly visible that a crazy bubble is happening, it's best to gradually "un-diversify" - that means: gradually swap your altcoins for Bitcoin.
There are very few examples of cryptocurrencies that did better in bear markets than Bitcoin (Decred, for example, is one; Ethereum at least didn't lose as much at others), but it's difficult to predict which they are.
I can't say that I disagree to what you are saying. Because trend of alts are pretty much same as bitcoin. It goes up when bitcoin goes up and vice versa. So diversifying between altcoins may not be a very wise idea until the investor knows when exactly to square off their position. However, un-diversifying doesn't necessarily mean to swap the altcoins to bitcoin only. I personally prefer stable coin and I always maintain some liquidity in hand to take advantage of any situation. I usually do it uaing stablecoin only without touching the bitcoin in most of the times. I prefer to buy alts at the bear market using my stable coin and sell those alts at bull market to get back my capital and profits in stable coin. However, for a person who just want to hold for longer time, the best coin is bitcoin for them. But for a person who is willing to take calculated risk, should not bound themselves only to bitcoin as market presents hundreds of opportunities for them to cash on. |
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Bitcoin, as you probably know, is the most popular cryptocurrency and also - the first. Created in 2008 by Satoshi Nakamoto, a mysterious programmer who created not only crypto but also blockchain technology that became the basis of digital currency.Bitcoin journey can be called as turbulence. The price acts very stable until the end of 2017 when it reaches the highest value of over $ 20,000. The 5600% growth surprised traders and investors but also made headlines for BTC, making it very well known outside the original crypto community. As BTC prices fall (one month later after ALT - all the time high), people speculate if cryptocurrency will repeat success in December. As Tom Waterhouse, one of Australia's greatest book masters, reports - some crypto experts bet that 1 bitcoin will exceed the price of 1 share in Berkshire Hathaway by the end of 2023. He bet exactly 8.5 million AUD and his prize, in this case, will reach 1.2 billion AUD (~ 884.7 million dollars). Currently, the BTC price is $ 6 277.04 and the price for 1 share of Warren Buffet Berkshire Hathaway is around 280,000 USD. Will this really happen? I will be a billionaire if it happens so I can't complain on this prediction. But it is just another prediction like many other predictions doing rounds in the internet without any practical ground. We all know that bitcoin's price will be increasing from the current level in future as the adoption rate grows. But no one is sure to what level it will increase. So my recommendation is not to loose your sleep over this prediction and keep supporting crypto. |
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many countries allow gambling, liquor,tobacco,horse racing then what is the problem with crypto currency .while it is related to advancement to technology and more secure and reliable system specially for banking system.
Valid argument! But I see a problem is keeping cryptos in the similar comparison with gambling, liquor, tobacco, horse racing. These are all businesses and crypto is not a business, it's a genuine technological masterpiece which has the ability to radically change the financial system of the world. That is exactly what the Banks are not liking about cryptos. The banking lobby is a very strong one around the world. Over the decades, they have established themselves as an organized controller of public money. They know that their stronghold is going to be diminished once people start accepting cryptos the way they are handling fiat now. They will oppose till their last breath to make cryptos illegal for the same very reason. Since they finance majority of the infrastructural project around the world, governments have nothing to do but to listen them. |
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Should the U.S. stop importing from China? That is a very good question. I think the united states, russia and others have been shortsighted, focusing only on the short term in their business dealings with china. The basic business plan involving china is to setup a factory in china. Benefit from lower cost of labor to enable lower cost manufacturing of goods. Unfortunately, the long term outlook involves china stealing all of the copyrighted and intellectual property utilized to produce high end goods. China can already produce their own counterfeit iphones and ipads having stolen patented technology from apple. The natural question there is whether or not apple has made itself obsolete by sharing much of its key technology with a country known for producing pirated goods and content. It would seem that important technological advantages countries like the USA had over china are being sacrificed for a better short term profit. That could be considered a bad business deal. The business deal has already gone bad. It can only go worse now! When apple started producing iphone and other apple products, they have chosen a Chinese company named Foxconn to manufacture their products in China itself. The iphone that you use in USA today, is manufactured in China only and the contract is awarded to them by Apple only just for cheap labour and make maximum profit out of each unit. Still Iphone is the costliest phone in the world. Apple didn't become a near-trillion dollars country just like that! Now compare about the cheap labour force that China can offer. An average labour in Chinese factories are paid less than $260 monthly for 11 hours shift and 6 days a week. A first world country can't beat that cost. So before you scream that Chinese people are stealing their technologies, think how the technologies are given to them! What Trump is doing, he is inviting the third world war upon the world population. Take an example of the recent case with Iran! Who the hell USA is to put ban on a country when United Nations has chosen to stay silent. The biggest private oil refinery of China now declared to stop buying crude from USA and shift their business to Iran completely. Why do you think the world will let the USA overrule them on their own decisions. Bad days are coming for USA and if all these continues, its economy will again see a doomsday much harder to overcome! |
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The world really does need more gambling sites and ICO's...oh wait no it doesn't  Probably true! But we should not put limitations to new ideas and VR gambling platform is certainly a new idea in the market. The game is same but the way of playing is different. Anyone buying into the ICO has to assume VR gambling and the platform the team wants to build will somehow take market share from the existing online gambling revenue the ICO is showing in the "market potential" area of the ICO pitch.
How many people actually own a VR headset? Of those, how much of the current online gambling market do they represent?
How many people actually owned a smartphone 10 years back? Compare the number with current times. VR is a very new technology and branded VR headsets still costs a lot of money. However, the situation will not same in few years down the line. Probably VR will show the same growth pattern as smartphones and every households will own one or two VR headsets in coming years. You never know! |
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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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