Year Month Open Max Min Close Average Month%Ch Total%Ch
2017 August 2861 4942 2650 4619 3768 61.45% 61.45%
2017 September 4619 5273 4583 4928 4851 6.69% 68.14%
2017 October 4928 6116 4928 5716 5422 15.99% 84.13%
2017 November 5716 7095 5716 6631 6290 16.01% 100.14%
2017 December 6631 6631 5538 5955 6189 -10.19% 89.95%
I just arranged the scrambled charts, i don't know if you guys can see it the way i see it.
Anyway, i don't know what source or gadget you are using to make some kind of a chart like this OP. I think this is just too much, i mean your other prediction seems to be impossible since bitcoin doesn't always what you thought it would be. Haven't you forgotten about of those Whales who can manipulate the price easily? The upcoming fork in November seems too impossible to me because hard fork doesn't occur yet and to think that there's a split to happen again.
Great, bitcoin could reach $6631 in the end of this year. Well, I am expecting bitcoin could find the way to reach more than $7000  Op chart simply a speculation, his prediction about bitcoin according to current % increases, I guess. But, bitcoin has a momentum right now, with segwit and scale capabilities, to afford more transactions per second. If more people could use it for transact easily in the global market, then companies will triggered to support bitcoin as well, hopefully. If more adopters join in, the more value could be gained. |
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'The IRS figures hundreds of thousands of American residents did not report income from sales or exchanges of cryptocurrency'
Obviously, if bitcoiners in US have to pay big amount of taxes, they will try to find some way to avoid it. Pay 15% for hold bitcoin in long term and people have to pay 25%-35% for short term which is most likely as trading activities. Bitcoin surges over 400% within 8 months is incredible achievement, and Uncle Sam wants big pieces of cake from everyone who involved in crypto-world. Better to hold bitcoin for long term or exchange it outside the country, send some amount of bitcoin to other exchanges and withdraw to another fiat currency
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Indeed, there are several obstacles to start such E-commerce.
But, let's start with your projects name, without it nothing to say.
We want to see your site, FAQ, how to join and everything that relate to your service.
Honestly, payment method is a good idea due to current fees already decrease, we can pay low fees for $100-$200, not sure about $500, but I am sure segwit has resolved fees problem.
The most important thing is how to build trust in your country, dealing with regulations and should be legalized.
Next thing is spread the words about your site, ads on TV will be great.
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That's a tough question. My understanding is not perfect, so check my statements and don't quote me.
* I will use the word "Bitcoin" but it applies to all crypto coins.
When to pay tax?
In USA you are only supposed to pay taxes when you pay for something in Bitcoins or cash out your Bitcoins into your bank account or USD. So technically, if you keep your bitcoins in your wallet or exchange - you don't pay tax until you cash out or use it.
I cashed out. How do I pay tax?
You should pay at the end of year when you file your taxes.
How much is the tax?
It's taxed as short-term or long-term capital gain. If you just buy Bitcoins or altcoins and HODL for over a year - you pay long term capital gain tax. That's about 15%.
If you trade actively, then its short term. Which is 25-35% depending on your income bracket, plus your state tax which is 0-5% depending on your state.
You only pay for gains. So if you bought Bitcoin for $2,000 and sold it for $4,500; then you are taxed for $2,500. If you actually lost money on your trades, you file capital loss and you get some money back in the form of tax deduction.
What forms do I need?
You need to fill out Schedule D (Form 1040) form, where you would include every single transaction. Not sure how it's supposed to work, since I have over 100,000 transactions this year =/ But there are some bitcoin tax tools, if you just google for it. Those will surely come in handy.
Good luck! Please correct me if I'm wrong on any of these.
I am sorry, just quote it for reference. Everyone who lives in USA should know about this, and every country has different regulations about cryptocurrencies obviously. Unfortunately for them who have to do business with IRS, fill the documents about your long term investment, 15% is a big amount. No wonder why so much people trying to avoid taxes in US if you have to pay 25-35% for trading. Trading records can be imported from all major trading exchanges, including Coinbase, Circle, Bitstamp, and BTC-e, to produce a complete annual trading history. https://en.bitcoin.it/wiki/Tax_compliance#U.S. |
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There are some companies who predict the cryptomarkets like Cryptoforecast or STOX etc.
IŽd like to know if you made good experiences and recommendations.
Also if someone would make a list of availible service provider would be nice..
Thx.
There are a lot of predictions about cryptocurrencies around, especially for bitcoin in the future. I've read it repeatedly, this coin will be achieve this and develop like that or bitcoin could reach $10K in this year and so on. But nothing is certain if you ask me, I can predict anything and time will reveal the truth about the future. If you want to invest on cryptocurrencies, I recommend to divide your capital and invest 50% in bitcoin, ethereum 20%, zcash 20%, and dash 10%. Well, these coins already proven has good potential and will gain more value in the future. |
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Of course, and how about valuing bitcoin and altcoins value ? Depends on intellection, analysis and people's judgement about the value, experiences will make your mind sharp to consider which is better than others. Investors without this skills, only rely on experts valuation, but there's no experts in bitcoin-altcoins trading imo. It just themselves claims as an experts, lol . Unless they've never lose in trading, then I guess they are just lucky. |
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Indeed, there's no certain answer for everyone, because some people have different purposes about bitcoin compare with others.
Depends on your purpose, whether bitcoin will be for long term investment or just for short term? where do you live?
For newbies, the best place to purchase bitcoin is through local exchanges in your country as it's easier to deposit fiat currency.
If you're looking for normal online wallet, I recommend blockchain.info as it seems so good regarding transaction fees right now compare with electrum. You can download it to your phone in play store or App store, if you want to.
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Buy bitcoin right now as we are going to $5000 soon due to segwit has been activated.
Do not put all eggs in one basket, if you have much money, consider to divide your funds into several entry point, such as 35% to buy bitcoin at current price and another 35% if bitcoin price get corrected. I am sure bitcoin will continue to skyrocket in this month and will fall down in the next month, right before segwit2x hard fork will be implemented.
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Coindesk - $4659
Gdax - $4607
OKCoin - $4850
Looks like OKCoin always lead the market relate to bitcoin price.
The Bull already on track, run to $5000 obviously, nothing will stop it right now because segwit has been activated and still in the beginning of its development, many adjustments should be set before all of us could use P2SH addresses which support segwit.
I'm wondering, how much it could be in this month, maybe bitcoin could reach around $6000.
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No, it's not worth anymore as you have mentioned the reasons.
Unless for newbies who trying to earn bitcoin through faucets which connected to xapo or has been suggested to use only xapo wallet. Consider high fees compare to other wallets that offer low fees such as blockchain, breadwallet, or electrum, it's not suitable for newbies to get decent amount from faucets.
But, high fees problem could be solved by segwit right now, I am not sure whether xapo has launched an update that support segwit or not. The most important thing is private keys, as most exchanges hold bitcoin private keys and nothing you can do about it. I prefer to use a wallet which has a feature to export the private keys just in case I need it.
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Current price is expensive obviously, and I guess bitcoin price may drop back in October, right before segwit2x hard fork will be implemented on November. Bitcoin price may fall to $3000 - $3500 again if people afraid of correction. If you looking for cheaper price for your entry point, you may wait until then. Nothing for sure, just like when bitcoin cash hard fork on August 1st, bitcoin price still persist and still increased instead of declined.
But, if you are okay with current price, feel free to invest right now, because your aiming is long term investment, no matter what it will be profitable in the end of your waiting period.
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To divide your funds, is always depends on
- how much you earn every month?
- how much you spend to cover daily expenses, to pay bills every month?
Daily expenses in every country maybe slightly or so different, so you need to figure out how much money you need to live up to the next pay day. Usually, people could save up to 30% of their salary, so you may invest 10% in bitcoin and save the rest for back-up funds just in case you need it.
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What is the way to stop Bitcoin from being a bear market?
A bear market? It can't be prevented as people used to trade bitcoin, Billions of fiat currencies involved, buy and sell. People intend to get profits whenever bitcoin price increases obviously. Whoever hold big portion of bitcoin or have much money could manipulate bitcoin price at their will. Exchanges hold big amount of bitcoin and money on their stash, so they could manipulate the market, but fortunately there are many exchanges to compare the prices. The best way to minimize bear market is bitcoin being used in daily transactions such as fiat currency without anyone hold big portion of bitcoin, spread widely all over the world, and not treated as trading object. |
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Forking bitcoin hasn't been about making money out of thin air. It has been about improving the technology and making it more useful to a wider group of people.
This is an argument which i don't believe in. if its about improving technology, let them create their forked versions and call it something else. Bitcoin worth over $4300, it's a higher price compare to any other cryptocurrencies. Yes, bitcoin has the name and credibility among all the coins which it's the first one of digital currency. There are a lot of copies of bitcoin not just bitcoin cash and some names that similar with bitcoin such as bitcoin dark, bitcoin lite, bitcoin plus and coming soon btc1 after segwit2x hard fork. These coins has value because people put money in it and labeling value based on trading volume, not bad at all as long as we could get free bitcoin1 and the history may repeated once more, just like bitcoin cash hard fork. The most profitable coin will last forever and has the highest price obviously. |
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Well thank you all for your answers, I guess it is something I should of just asked support.
Completely understand they're all scams, but I'm currently in profit, guess I'm just a little greedy and wondering where's my bigger chunks at.
So, you've been invested on cloud mining since last year? And already get profits, right? May I ask, how much did you invested? How long it takes for ROI? Many people skeptical about cloud mining because it's not worth waiting so long instead of invest in some profitable projects and trading altcoins. |
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After few days since segwit has been activated, bitcoin price still fluctuate within $4200-$4400.
People still can't use segwit for transactions, but definitely will reach $5000 even though not in this month.
Segwit offers many advantages for bitcoin development and the most important things are the fees and confirmation time.
After all wallet platforms enable to generate P2SH addresses that start with '3' which suitable for segwit, then we will back in the game again.
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I am not sure how long we have to wait in order to enjoy low fees for every bitcoin transaction, there is no any latest news regarding segwit support from most wallet developers or service platforms such as BitPay. But, unconfirmed transactions has been reduced which few days ago reached over 87K and just 23K right now. There's nothing we can do about it but wait until all clear.
Using cryptocurrencies for traditional payments makes no sense whatsoever right now. SegWit activation on the Bitcoin network will effectively reduce transaction fees over time. Hopefully segwit will be succeed to overcome bitcoin problems.
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I prefer long term holding, maybe around 1-2 months depends on those coins development.
Usually, for most coins could reach higher price after some adjustments from developers, when the price reach certain price, time to sell. Daily trading isn't so profitable I guess and it's like gambling activity with big risk involved.
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I noticed this too in my transaction yesterday. I actually thought with the whole segwit activation, we will have a lower transaction fee. Seems it has increased more than we even had before. Is this how we are going to keep going or there is something I am missing out here.
Yes, wallet devs should update their codes to suitable for segwit, and we have oto move all of our bitcoin to the new address. Current transactions fees are inconvenient as it's too high for now, and look at unconfirmed transactions, more than 86K and BTC63 total fees waiting for the miners. So, I recommend don't do any transaction at the moment until segwit and wallets synchronized, fit to each other. If you are using electrum, read this; https://twitter.com/ElectrumWallet/status/900591309521596416 |
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It's funny for being asked so often and it comes from newbies trying to get easy bitcoin without doing nothing or looking for free bitcoin. The answer is always the same, there's no cloud mining that will give you good profits, instead you have to give them your money and they give it back again partially, slowly, bit a bit every week. I don't trust cloud mining, simply because it's hard to generate bitcoin through mining and easier to deceive people to give their money in the name of cloud mining.
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