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6961  Local / Altcoins (Pilipinas) / Re: Earnings from Axie Infinity and other NFT games are subject to tax, DOF said. on: August 25, 2021, 12:07:39 AM
Pero sa totoo lang, hindi naman securities ang Axie at hindi rin naman regulated ang SLP o AXS, pano nila itatax yang mga crypto na yan. Maliban nalang kung ang targeting nila yung mga exchanges.
This. Sinabi na rin yan ni Psycheout.

We are not trading securities.

Not only the exchanges that can be taxed but also the banks. Yung crypto certain naman ako na hinding hindi nila tayo magagalaw diyan pero if they could a find a way to charge people thru bank establishments, where most of our exchange are being held, then sobrang possible talaga yon.

Pero fuck, minsan napaka ironic kung iisipin na gustong gusto natin ng mass adopon sa crypto pero ito tayo ngayon nag-aalala sa incoming tax and shits...
Tama ka dyan, di nila tayo magagalaw at may nabasa ako tax lawyer ata siya o taxation expert na sinabi niya na hindi naman mate-trace ng government yung magkano kinita mo unless may leads sila at sa mismong exchanges sila tatarget. Hindi naman lahat gumagamit ng coins.ph at ibang local exchanges para makapag cash, meron naman mga P2P at private transactions, meron naman mga OTC transactions kaya malabo yan maganap maliban nalang din kung ikaw mismo mag volunteer at magdeclare kung magkano kinita mo para i-tax ka nila depending sa magkano kinita mo nitong taon. Yan nga lang ang nakakainis, sa gitna ng pandemya, madaming kumikita at kahit papano nakakasurvive tapos sabay singit ng mga ganyan, ngayon yung mga bago palang medyo nagugulat sa ganyang balita pero wala tayong magagawa, tignan natin paano gagawin nila para itax lahat haha.
6962  Economy / Trading Discussion / Re: Signals in crypto on: August 24, 2021, 03:45:05 PM
I think signal is not best in crypto because every signal don't hit target and then we loos our money or follow some one which are most expert in crypto which have a great knowledge but you should have some own knowledge then we can follow someone signal
No need for a signal. As you've said, you're like to lose money from it if you're not careful enough following any of those. And that's why you need to research for those that are going to be helpful as you trade. You will miss a lot of knowledge from it if you're not careful by doing it.
Signals don't help you because most of them will give you wrong predictions and wrong signals that it may look honest and good to you but they really are not.
Would be better if you do make your own analysis rather than stressing out yourself on following others hints or signals.Nothing beats off if you are already independent towards your trading career.

For those people who do rely on signals or copy trades are to those people who doesnt really like for themselves to get anymore better with this industry.Signals isnt bad but you should

know on how to determine which is really worth to be followed or something that you could get idea from.
And determining those worth it to follow, you're likely to see them rarely, or at least, there's almost none of it. That is the reason why many have lost money on signals. A personal friend of mine has shared how he got rekt with it and doesn't want to rely on it anymore. He remained as an investor but he's no longer relying on anyone's signal. He reads tips and suggestions of others but the decision that he makes is coming from his own research and analysis because he just can't trust those signals anymore and I hope others will learn from others experience too.
6963  Alternate cryptocurrencies / Speculation (Altcoins) / Re: what's with "axie infinity"? on: August 24, 2021, 03:00:19 PM
I've read Axie Infinity's White Paper. It seems its financing its P2E from the sale of AXS tokens.

"The play to earn issuance represents 20% of the total AXS supply. The goal of the play to earn tokens is to attract a wide range of players to the Axie ecosystem in the hunt for token rewards and to give ownership and stake to the most active community members." https://whitepaper.axieinfinity.com/axs/allocations-and-unlock/play-to-earn

This means that the value of its SLP comes from the investors who bough AXS tokens. Looks like a Ponzi for me.

Its just my opinion though. I wish I'm wrong.  
These two tokens are entirely different from one to another. It is true that AXS is Axie Infinity's governance token but its value relies on the market itself and as well as breeding. As you breed, there's more demand with AXS and that's why it's having a higher value due to its supply limit. While SLP is the reward from the game itself which it gives to the players but it has an unlimited supply. They don't give AXS to the casual player but they do reward it through an event for top players and just like any other cryptocurrency, the value really relies on the investors so it adds liquidity. So if you're saying that the value of SLP comes from those who invest in AXS, that's different. Investors of AXS empowers and adds value to AXS itself while those who invests to SLP, then it's directly to SLP too.

I know AXS and SLP and different tokens.

But, how did the team create value for SLP? Where is the source of money used in the liquidity pool of SLP when it was initially listed in Uniswap?

Remember, SLP's value didn't just pop up instantly. Someone must have added an SLP/ETH pair liquidity pool in Uniswap so early gamers can convert their SLPs.  

My understanding is that this was taken from the investors who bought AXS tokens as stated in its white paper.  
I am getting and understanding your point. Just like any other cryptocurrency, its value is determined by its community. Ethereum and bitcoin don't have value when they started but when they had gained traction and there's more volume that came to it, it had made its price higher.
Value was made by the investors and I just felt bad when I've seen AXS too cheap before and didn't buy any of it because I'm not even a breeder and didn't think that it's going to skyrocket that quick so I missed the run but I've seen.
6964  Local / Pilipinas / Re: Bitcoin price not in a good Hight. ano masasabi niyo ang dahilan si Elon ba...? on: August 24, 2021, 10:05:34 AM
Well isang buwan na ang lumipas pagkatapos ng post dito ay nakikita nyo naman na, na ang Bitcoin ay tumataas na naman ang presyo nito. Mas magandang isipin na muna natin na nasa bago tayong bull period at kung ikaw ay trader ay tiyak malaki ang gains na makukuha mo diyan. Sa tingin ko wala na sa bad spot ang presyo ng Bitcoin kaya wala rin nagawa si Elon sa mga manipulation niya noon. Tumataas pa lalo ang Bitcoin at ito magandang senyales.
Hindi naman lahat ng trader malaki ang kinikita kapag bull run. Meron pa rin talagang mga naiipit at meron din namang usual trader lang, bili lang sa mababa at benta lang pagmataas na. Madami yung katulad nung example ko sa huli at yun talaga yung kumikita pero katulad nga ng sinabi ko, hindi naman lahat malaki kung kumita. Sa market naman, sang-ayon ako sayo na mas mababa na ang kalagayan ng market ngayon kesa dati na bawat araw may bagong balita tungkol kay Elon pero ngayon mas maganda, isa na dyan yung pagbili ng Visa ng NFT.
6965  Local / Altcoins (Pilipinas) / Re: Earnings from Axie Infinity and other NFT games are subject to tax, DOF said. on: August 24, 2021, 09:35:08 AM
Flex pa kasi, hahaha. Pero ako chill lang, mas mainit pa ulo ko sa arena kesa dyan sa balita na yan. Napakatagal ng supported ng bansa natin ang crypto pero wala namang naging ganyang balita. Iba lang talaga kasi sa Axie, na hype tapos na KMJS pa pati ata yung sa brigada din, nagkaroon din ng airtime. Wala eh, kung low key lang sana lahat ng naglalaro at walang pataasan ng ihi, tahimik lang sana at walang mga ganito. Pero sa totoo lang, hindi naman securities ang Axie at hindi rin naman regulated ang SLP o AXS, pano nila itatax yang mga crypto na yan. Maliban nalang kung ang targeting nila yung mga exchanges.
6966  Economy / Gambling discussion / Re: {Boxing} Manny Pacquiao vs Yordenis Ugas on: August 23, 2021, 08:18:52 PM
Nothing to prove to Manny he did many things to bring pride and his legacy will be remembered whatever decision he has after this fight.
Yup, although there's sort of a clue of what he has said it can be altered after when he's done with his next focus. Everyone is aware of what he's going to focus on once he goes back to our country. He has brought pride and that's already enough but I guess his promoter will still going to continue his matches if there will be younger boxers that would be interested to box him. There's still money for his fights and that's why whether he retires or not, but if he's interested to get back, there will be a sure opponent to take him in the ring.
6967  Economy / Trading Discussion / Re: Signals in crypto on: August 23, 2021, 07:32:11 PM
I think signal is not best in crypto because every signal don't hit target and then we loos our money or follow some one which are most expert in crypto which have a great knowledge but you should have some own knowledge then we can follow someone signal
No need for a signal. As you've said, you're like to lose money from it if you're not careful enough following any of those. And that's why you need to research for those that are going to be helpful as you trade. You will miss a lot of knowledge from it if you're not careful by doing it.
Signals don't help you because most of them will give you wrong predictions and wrong signals that it may look honest and good to you but they really are not.
6968  Alternate cryptocurrencies / Speculation (Altcoins) / Re: what's with "axie infinity"? on: August 23, 2021, 10:55:01 AM
I've read Axie Infinity's White Paper. It seems its financing its P2E from the sale of AXS tokens.

"The play to earn issuance represents 20% of the total AXS supply. The goal of the play to earn tokens is to attract a wide range of players to the Axie ecosystem in the hunt for token rewards and to give ownership and stake to the most active community members." https://whitepaper.axieinfinity.com/axs/allocations-and-unlock/play-to-earn

This means that the value of its SLP comes from the investors who bough AXS tokens. Looks like a Ponzi for me.

Its just my opinion though. I wish I'm wrong. 
These two tokens are entirely different from one to another. It is true that AXS is Axie Infinity's governance token but its value relies on the market itself and as well as breeding. As you breed, there's more demand with AXS and that's why it's having a higher value due to its supply limit. While SLP is the reward from the game itself which it gives to the players but it has an unlimited supply. They don't give AXS to the casual player but they do reward it through an event for top players and just like any other cryptocurrency, the value really relies on the investors so it adds liquidity. So if you're saying that the value of SLP comes from those who invest in AXS, that's different. Investors of AXS empowers and adds value to AXS itself while those who invests to SLP, then it's directly to SLP too.
6969  Economy / Speculation / Re: Will the price last until the end of the year? on: August 23, 2021, 10:02:20 AM
Since a few months ago, a lot of people have been having discussions about the price of Bitcoin whether it will reach the price of $50K. Precisely today, the Cryptocurrency market seems to answer the analysis of many people about the price of Bitcoin that today Bitcoin has reached $50K. Will the price last until the end of the year or will the price of Bitcoin go back down.
Still ends up with the answer that nobody knows. We want it to be the support price of bitcoin but we cannot always see that price. It's either go up or go down at the end of the year. But you know that many speculations have been telling that we're going to see a different and higher price by the end of this year. Well, nobody can have that exact situation of what will be the bitcoin's price by that time. This time is going to be the crucial part for those who are waiting for it to dip, we have no clue if it will going to be continuing up to $55k-$60k.
6970  Bitcoin / Bitcoin Discussion / Re: worst case scenario for cryptocurrency on: August 23, 2021, 09:12:49 AM
Even if that becomes true, crypto is here to stay and you're not holding a shitcoin. You don't have to be worried about it at all, you're holding the best two cryptocurrencies in the market so that shouldn't be a problem for you. What you should worry about is accumulation.
While the market is starting to show again the price increases, you should keep accumulating while it's not yet at the most possible peak of it. You name the price for the most possible peak that you can ever imagine, it may happen this year, next year or so. But with what you've said, it's not the worst that I can imagine. There's more to it like shutting down of all the exchanges which is an impossible thing to happen.
6971  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Which platform is the best for staking? on: August 23, 2021, 08:39:37 AM
Nothing beats staking those altcoins while holding it with your wallet and you own the private keys or seeds on it. The best would be staking it on a hardware wallet(Ledger), to give you an idea. While you don't have your HW yet, take a look at those supported wallets that those cryptos that you want to stake in through the links below.
(https://www.ledger.com/staking)
(https://trustwallet.com/staking/)
(https://www.exodus.com/blog/tag/staking/)
(https://support.atomicwallet.io/article/140-staking-options-in-atomic-wallet)
6972  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing in coins built on Ethereum or alt coins that are independent? on: August 22, 2021, 11:52:09 PM
Don't matter much if it's ERC20, TRC20 or have its own mainnet and chain. As long as the altcoin that I've seen looks good to me and it has passed my standards, I'll grab it. If I've seen the potential and it's a coincidence that it's an ERC20, then it doesn't really matter because I'm looking at its potential not where it's built. There are those coins that have been built through smart contract yet managed to get their own chains and launched their mainnet because they got the potential, one example is BNB.
6973  Economy / Economics / Re: Cryptocurrency is the biggest investment opportunity in the future on: August 22, 2021, 11:03:58 PM
It's still is the biggest investment opportunity in the present, I don't know what you're talking about but I think that it's going to be that way until the last coin is mined.
If you're pertaining to bitcoin, the last coin will be mined after a hundred of years and majority of us right now won't be able to witness that. He's talking about cryptocurrencies in general but there should be the gray area where people still have their main choices aside from bitcoin. But to be wise, bitcoin is going into the certain path in the future and that's why people who don't own it yet will miss and regret that they've never bought it when it's at the dip. And that regret and reasoning will always be heard in the future as well because right now, it's already being used.

6974  Economy / Trading Discussion / Re: How many consecutive looses can you handle in trading? on: August 22, 2021, 10:10:42 PM
Well, what I meant to count them are for those that I accumulate continuouls in losses which means that I cannot attain to count them if I have to handle those consecutive losses.
Maybe, I can handle as many as I can but no way that I would want to keep losing entirely with my funds and that's why handling those losses will really depend on how much my budget is.
Indeed. I can also handle losses as many as I can because I know there are lots of chances to get profit. When you lose many times, it means that your strategy isn't working anymore. So better to stop trading and take a break instead of pushing your strategy even if you know it didn't work because you will end up nothing with massive loss. It is better to make another technical analysis in order to build another strategies because it is very important. Studying the graph for at least 2 hours will surely enough to make another strategies. But before you make any decisions, try to relax and take a break to refresh your brain for you to create the best decision to the situation.
We'll be stopping if we think that it's no longer bearable. But as long as I can bear the losses, I'll continue but I won't be making myself at almost zero balance just because I've got a pride and ego in trading. As said by many, emotion won't help us when we trade because it's going to lose us everything. It's not a boast that we can take as much losses that we can, it's just that our tolerance differs from the others and others can justify themselves why they can only take few losses and then stop because it's part of their strategy.
6975  Economy / Gambling discussion / Re: Inoue vs Donaire II discussion on: August 22, 2021, 09:21:53 PM
That's going to be the bad side for Donaire if this won't happen. And we're seeing that Inoue is more flamed and interest in fighting Casimero now because of those hot talks that's being thrown to him. Donaire should better but even if we're not going to see this match. There's still the likely that these trio will have their own preferences and we will see like the triangle matches for these three. Just props to Casimero that he's effective at taking matches and knows how to deal with people just after his match.
Well, Donaire has fought this year and won a belt, I think that's a big achievement already at his age, if he can wait, he will get his time right after the Inoue vs Casimero fight, however, if Casimero would win and he will be at the top, I'm afraid he might not fight Donaire to let Donaire feel how is it not getting a good fight because he cancelled a supposed to be firepower fight between him and Casimero.
It is possible that's what exactly going to happen. We're all seeing the possibility that Casimero and Inoue will pushthrough while Donaire is just on the side waiting who's going to be his next opponent. But I don't think that their team is just focused on Inoue and Casimero.
There are other boxers that they can look at and I guess that he's willing to fight for it. It's just there's more attention to the other boxers where he is associated with because he's been there before and there's the connection already that gives more flavour to their possible matches.
6976  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: August 22, 2021, 08:45:21 PM
it's hard to adjust on their end and it's losing them a lot of money just like last year.

Yes, and it will have a bad effect on the league in the long run if delays will continue because of the pandemic.

Take note that even before the pandemic, the league's revenue isn't that much (although in 2019 iirc, the league noticed an increase) and the number of audience on the venue just increasing in numbers if Brgy. Ginebra or any other SMC teams will reach the Semis to Finals. They can only achieve at least 17,000 audiences during only in Finals that's why there's always a rumor of "bigayan" to extend games to the maximum for more revenue.

I hope PBA can still manage the cost by 5 seasons or more, or maybe much better, I hope the pandemic will now end.
Yeah, those times whenever the finals is with Brgy. Ginebra, the fans were always there and the coliseum is always full and tickets were sold out.  But right now, I think they have another scheme or plan to prolong some games so that ad revenue will still be there and it is needed because they've been losing instead and they have to do everything so that they'll recover as well. They've got a lot of players and venue is another thing for the sustain and expense that they have to add for their budgeting and adjustment. I just hope that everything goes well.

We don't need to wait for a long period of time before we can see the game in the arena, eventually, the crowd will be allowed in the game just like the NBA. What the Philippine government has to do now is to fast track the vaccination so we can proceed forward, if other countries can bring back the old normal in sports, why can't we?
We're different from those other countries that seem to be back with their sports and having audience. They've got most of the vaccine supplies and they're not lacking of it. While our country, we do purchased the vaccines but they're all limited and most of the news that have been covering it and there are more with the donations. It's reported that I think, IIRC, 70% of the vaccines were already purchased by the richest countries and the remaining are just what we're taking. Those donations that we're receiving are just a few excess of their supplies.
6977  Economy / Gambling discussion / Re: Inoue vs Donaire II discussion on: August 22, 2021, 08:03:53 PM
We don't know, both has the possibilities and whether it's for this year or next year, we the fans are the winners of this. Inoue is just waiting for the fight as he's always ready to fight with anyone. And if the promoters will have this match process already, we might see it happen at the soonest that it can. We all want that to happen so that Casimero can have his continous match and we'll also see if he'll be able to beat Inoue or it's Inoue that will be the undefeated.
Inou wants to fight Casimero, so we will not see the rematch this year. This is going to be karma for Donaire if the Casimero vs Inoue fight will happen because he canceled his possible fight with Casimero just because he got respected for the trash talk, Inoue is disrespected but he wants to teach Casimero a lesson and beat him down, that's the difference between the two.
That's going to be the bad side for Donaire if this won't happen. And we're seeing that Inoue is more flamed and interest in fighting Casimero now because of those hot talks that's being thrown to him. Donaire should better but even if we're not going to see this match. There's still the likely that these trio will have their own preferences and we will see like the triangle matches for these three. Just props to Casimero that he's effective at taking matches and knows how to deal with people just after his match.
6978  Alternate cryptocurrencies / Altcoin Discussion / Re: The altcoin of the week on: August 22, 2021, 06:55:19 AM
You should have started the thread by putting the list and date just like a table or even if not a table but a list that contains the name of the cryptos, price and the date. Just like the overview that you see on the Service Discussion for designers and signature campaigns.
If you have that type of idea, I think you have to maintain it weekly since you're focused with altcoin of the week. But if you can't then that's like leaving this thread with discussion and let the visitors go through the posts and read everything that we say about the pumps that recently happened.
6979  Economy / Trading Discussion / Re: Trading involvement on: August 22, 2021, 06:08:21 AM
I can't believe that a 4 year old knows how to trade? Your kid has been exposed in crypto that early and I think that's a good thing that you've opened up that already. Well, it's going to be a long way for your kid to go with the actual trading but being familiarized already what does his father do, well, that's making yourself proud. And since your whole family gets into trading already, you can know have a competition on who's going to earn a lot during the week or bi-weekly or in the entire month.
6980  Economy / Trading Discussion / Re: Which was your worst crypto trading decision? on: August 21, 2021, 10:04:23 PM
selling btc at 4000$  Cry
You're not alone bro. I also did some selling on that price point and even below that during the bear market. We all sold because we have a reason, a valid reason because there's an important matter that's needed money to be spent and that's why even if we don't like to sell during those times, we have been forced to do it. Anyway, the market is becoming better and bitcoin is also showing its dominance again and by this time, we have to learn from that mistake of selling early. But I guess even if we sell at some point today or in the near future, we are already in profit.
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