While I don't have many posts. I got involved in Bitcoin in 2013 and joined this forum in 2014. While I do not consider myself wealthy from Bitcoin yet. I do have an idea of how I would like to direct some of this new found wealth. I think most of the people who got involved early got involved for the right reasons. IE: To change the world and move humanity out of the control of the bankers. I am concerned that the new people coming may only be in to make money. I hope I am wrong, I really want this technology to be a force of good in the world and deliver economic freedom to the masses and the unbanked. My hope is everyone who was early, has some idea in mind that will help others. Maybe help your family, or a charity that you think isn't wasting money, or building a community swimming pool etc. If you have a lot of money think big and how you can change the world for the better. This is our chance!
The ones whose Bitcoin wealth is so huge that they can think of philanthropy will be few. I definitely think people will be making small donations to organizations like Wikipedia and the like. But whether we can go beyond token donations and think about doing something substantive is something each person should think about - depending on the wealth they have made and their personal situation. |
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it is up 2% and rise about 14,000$ now price is stable less than 15,000$ it is good price.
bitcoin was less than 12,000$ in 2017/Nov
Maybe the price will go down and even lower. For Bitcoin it will be very bad if the price goes below $ 10,000. Many investors will lose money. Some investors have to lose money. Those who rushed in when Bitcoin was closing in on $20k must have lost money. Greed for quick multiplication of money has its downfalls. We need investors who believe in long-term potential of Bitcoin and won't rush out during times like this. |
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By that logic, you cannot trade any coins on bittrex from now onwards. The best way out is to have a careful track of your coins and pay tax when due. The IRS is going to ask for its pound of flesh eventually. You either have to pay your taxes voluntarily or be ready to renounce your citizenship. Well of course taxation is theft. However I think on every trade you also could have capital loss and the capital gains you pay depends on your tax bracket. I was seeing there is no need to pay gains if you are under a certain amount of gains. There is 100k foreign residency deduction (but that might only apply to income) and other things. Regardless of how you cut it, crypto is better than dollars and this is their attempt in fear to control it. They have been making lots of big moves lately and it won't matter. Net neutrality, a horrible real estate tax law, no 1031 on property, immigration restrictions, etc. All it's gonna do is make people leave America. True. Actual capital gains rate depends on the income bracket you fall into. I think most people who invest in crypto will have some tax liability. If you avoid paying a few hundreds of tax liability now, you might get into trouble when your portfolio rises into millions of dollars.  |
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The founder of the project Jaap Terlouw is doing everything possible to attract the miners into the ranks of the new cryptocurrency. He gave a promise of giving out a similar amount of B2X to all BTC holders. The block size is increased to 4 MB, and the block extraction speed is 2.5 minutes. Also, Segwit2X has protection against duplication of transactions and uses the X11 encryption algorithm.
What is this - somebody trying a new gimmick under the Segwit2X name? Why should the developer 'promise' to give out similar coins - Isn't it understood that users will get equal amounts of a forked coin? And if the block size if 4 MB and rate of generation of blocks is different, it is a far cry from Segwit2X as I understand it. |
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Some free, tangential advertising for Byteball. There is a sponsored article on Coinidol. talking about the high transaction fees in Bitcoin, and how the DAG model is more suitable for scalability. The article is primarily to promote IOTA, but Byteball gets a passing mention.  https://coinidol.com/bitcoin-fees-increase-to-over-50/ |
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In the last few days, we have again seen blockchain's congestion and the extreme increase in fees for bitcoin transactions and that's just one current bitcoin problem. Not only is it a bitcoin issue but users of ethereum may experience similar problems and increased fees. Read more: https://coinidol.com/bitcoin-fees-increase-to-over-50/This might be true, but the article is a sponsored one. I am not sure if shifting to IOTA is the right solution to the high transaction fees problem.  Overall fees have increased, but I think the spike to $50 will be a temporary one. Fees will come down in a few days. |
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Hello all,
I would like you to look at my portfolio and give some advice regarding its potential.
I currently have approx. $3000 worth:
- 2.5 XMR
- 1 ETH
- 0.05 BTC
- 5000 XLM
- 150 IOTA
Now, I am looking at buying more (approx. $600) I would love to get XRP, but it's so expensive now in comparison to two weeks ago.
I am also interested in the wonderful ADA project, 0x project and Waves.
My question: should I sell something in my current portfolio to have a less diversified portfolio? Is XRP still a good buy at this moment?
Thanks friends. My first post btw.
There are 2 other coins I would advise you to include - Bitcoin Cash and Byteball. Bitcoin Cash, because it seems to go up whenever there is network congestion and fees shoot up in the Bitcoin network. Byteball, because like IOTA is based on DAG and I feel it has potential. |
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By that logic, you cannot trade any coins on bittrex from now onwards. The best way out is to have a careful track of your coins and pay tax when due. The IRS is going to ask for its pound of flesh eventually. You either have to pay your taxes voluntarily or be ready to renounce your citizenship. |
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Bitfinex and their association with Tether is a known problem in the Bitcoin world. We will definitely have a correction in Bitcoin if people lose confidence in the value of Tether. But I doubt it will be as dire as you make it out to be. A 90% correction is huge. Even if Bitfinex collapses, it is nowhere close to Mt Gox. There are other exchanges operating purely as fiat-bitcoin exchanges which should support the price. |
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If you have identified it, there is an arbitrage opportunity for you. The other exchange on which UBTC trades is exx.com. If you are comfortable with Asian exchanges, you can try buying coins at YoBit and selling them at exx. Volumes aren't very high, so you cannot do large trades without moving the market. |
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Theres a very simple reason people freak about drops during the bubble. During the bubble, the rise is occuring because of new participants, and the majority of participants are now new. These new participants have all gotten in at high prices and only have a view of the past week or so of trading. They were not here for the rise or for the history of bitcoin. Therefore when it drops, the drop is very new and real for them, and all they see is red, because their chart is zoomed into the week where they got in, and they are down.
People join during the bubble thinking the price will not stop going up and as we know that is simply impossible so the bubble burst and then they panic, so if you want to make money with altcoins you need to be prepared to invest when things do not look so good, if you do you can make a lot of money. True. I think it is due to a lot of weak hands exiting the market, and not necessarily institutional investors going short. Bitcoin has attracted a lot of new users in the last few months, seduced by the prospect of multiplying your money in quick time. Some of them exiting the market now will be good for Bitcoin in the long run. |
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Coinbase introducing Bitcoin Cash is overall good for the crypto ecosystem, but the insider trading allegations leave a bad taste in the mouth. Right now, it is the Company which is investing these allegations. If the regulators decide to get involved (although crypto is largely unregulated, somebody could still file a case), then it will be problematic.
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Bitcoin breaking it’s high-price again and again, multiple purposes rather than payment system and future investment.
All this make bitcoin a perfect gift for your love, wife, and family.
1. your gift for Christmas will be a bitcoin?.
2. your ways to gift bitcoins "Hardware wallet, bitcoin gifts, paper wallet, Physical Coins, Donate"?.
The best way to give a gift would be a physical bitcoin. Something shiny and unique, so that the recipient treasures it. Paper wallets are good too, but I have heard a lot of stories about people who lost their paper wallet, after being gifted it in the early days of Bitcoin. |
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This is what I see as a bubble-free project that is completely undervalued, but if all the coins are down, the byteball will definitely fall
Sooner or later the price reach at the bottom and then will raise for a long time. I would say the bottom was reached at the beginning of december That is a very generic statement and could be true of any asset class. If you have the ability to predict when the price bottoms (of any asset class) you can get very, very rich. Even if you don't have this ability, you should be able to see if an asset is undervalued. And Byteball definitely seems to be an undervalued asset, in my opinion. |
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I'm lost, he said " Bitcoin Will Multiply By 13X After 50% Correction"; I talked about it in the past post, but I'll repeat it. According to this news Michael Novogratz: “Bitcoin May Dip to $8K” — Puts Crypto-Hedge Fund on Hiatushe said: The financial mogul Michael Novogratz, a former Fortress Investment Group executive, stated back in September that he planned to start a cryptocurrency hedge fund. Now according to reports, the former macro trader is putting the hedge fund on hold as he’s not as confident as he once was, regarding bitcoin’s price. Novogratz believes the price of bitcoin is headed for the $8,000 range in the short term. reading this passage you can see that he is not more confident and makes me have many questions... he has already predicted that in the next few years bitcoin will be worth $40.000, so why he does not buy bitcoin for the price of $13000 or $14700? He has also been selling bitcoins at various stages - when the price crossed $14K, $16K and $17k. He talked the price up but his actions were somewhat different - he kept selling as the price went up. Now after having sold a portion of his stash, he now says Bitcoin could drop to $8k. That does look odd to me - him profiting while other who followed his statements don't. |
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In less than 100 hours the price dropped from 19.700$ to 10.890$. That is a 45% drop.
There has never been a drop like this in such short time in the full history of Bitcoin.
Ever.
"volatility is normal in crypto" I hear many say. But not like what we see today. We have never ever seen anything like this.
And the drop was extremely short lived. We have crossed $15k now. The volatility is high, but you should remember that we started December 2017 at around $10k, we are still up 50% during the month. And that is in spite of people talking about the drop is if it were doomsday. People tend to have short memories. I hope they keep this drop in mind when Bitcoin crosses $20k again as well. |
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The cost of moving bitcoin from one wallet to another has exponentially grown to an unacceptable amount in the past year. We've all seen this trend and to normal people it is very concerning in terms of adoption and use. Over a long period of time an idea came to me that made sense and though I don't have the resources or knowledge to implement it I needed to share it to get some discussion going.
Instead of moving bitcoin between wallets, what's stopping people from trading wallets? I've been following bitcoin since 2013 and though I have not had much experience with wallets, I know that each wallet has a private key that opens it. What's stopping bitcoin development from creating wallets with set amounts of bitcoin in them and allowing them to be traded? In terms of people writing down the private key, when a wallet is traded can't there be a new key generated for it? And so instead of trading bitcoin between wallets, people could trade wallets and reduce the strain on the blockchain and potentially lower fees of transferring bitcoin between people.
I didn't know where else to post this so maybe someone can point me in the right direction or share thoughts on this idea. I'm sure it's come up before.
If you do not want to send coins over the internet, there is always opendime or physical bitcoins for you. There is no transaction cost associated with these. Plus the overall privacy of the network improves. Transaction fees will automatically come down once the mania over cryptocurrencies subsides. Otherwise, we will have to wait until lightning network and other scaling solutions are implemented. |
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On December 18 Kuwait’s Ministry of Finance said that it does not recognize bitcoin and forbids its trading in the Kuwaiti financial institutions. According to the Arab Times, sources from the ministry explained that the Central Bank of Kuwait does not allow financial institutions, banks and affiliated companies to trade bitcoin in the wake of the recent surge in prices. Read more: https://hype.codes/kuwait-prohibits-bitcoin
What is your opinion about future of bitcoin in arabic countries?I am not at all surprised by the crackdown on Bitcoin in Kuwait. Typically, countries which do not care about the rights / freedom of its people are the first to act against Bitcoin. The Middle East is not known to be a tolerant and progressive place. |
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That is a very big bet to make. I have never understood the derivatives market, but these kind of premiums seem crazy to me. The price may very well cross $50,000 and these option buyers could look very intelligent, but the risk of losing a million dollars if the price is below $50,000 scares me. This seems to be gambling in its purest form.
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each time stocks crash like yesterday, people right in mind able to feel and guess the support levels right, earn a ton of money,
multiple cryptoes in the top 20s doubled after a crash now, panic creates a good income opportunity for strong minded individuals
who experiences same?
maybee we can advise here on trading strategies.
Weak hands get shaken out every once in a while. Nothing new or nothing remarkable about it. If a 30-40% retrace scares you, you shouldn't be in crypto investing first of all. I don't know why people rush in to buy cryptocurrencies expecting a one way movement in price. |
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