What do you guys think about equal?
I prefer real sugar. |
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Litecoin is sitting calm and not following the path of BTC it seems a storm will come very soon and many people will miss the chance to catch the train. I am very confident soon price will be sky rocket and the moon is on the way.
Why? |
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“That is not dead which can eternal lie, And with strange aeons even death may die”
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The ‘Vault’ Is Back: Coder Revives Plan to Shield Bitcoin Wallets from TheftBasically, someone holding bitcoin primarily as a store of value could put it in cold storage, or hold it offline, with code that says it can be spent, but not immediately. The owner could set some pre-determined time delay on any attempt to move the coins. The fact that it has a built-in delay would give a true owner time to reverse a transaction if their private information had been compromised and someone tried to steal their crypto. Malte Möser, Ittay Eyal, and Emin Gün Sirer proposed this feature, known as “vaults,” as a way to better secure bitcoin in 2016, but their proposal required a fork of the protocol codebase. That fork never happened.
But on Wednesday, Bitcoin Core contributor and crypto consultant Bryan Bishop sent out a design to developers to accomplish the same thing using existing code. https://www.coindesk.com/the-vault-is-back-bitcoin-coder-to-revive-plan-to-shield-wallets-from-theft That's cool, Coinbase has that functionality but of course it's a centralized exchange and you aren't in control of your keys. This looks to be the better solution. |
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Note: IANAL, and this is not tax advice. Evidently, neither is bkbirge.
gentlemand beat you all to the punch, I am properly chastised by my WO elders. Don't take anything I say, ever, as tax advice, lol.  |
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I started buying in May 2014. I’ve never declared any tax at all. Correct me if I’m wrong but you only pay capital gains tax when you start to sell?
Only when you sell for fiat. If you convert to another digital asset you don't pay capital gains. At least not yet. Nope. In the UK and US every move to fiat or alts is a disposal and therefore taxable. Could be totally different where you're at but everyone should do a little homework or you may end up with a tax bill 100x bigger than your current holdings. Yes you are right, my information was incorrect. Not sure if it was outdated or I just never learned it correctly, but I agree with your warning. Here's some more recent info applicable to US folks: When US president Donald Trump signed his monumental tax bill into effect late last year, it more clearly defined cryptocurrency as a taxable entity. It included an amendment to section 1031 (a)(1), which concerns “like kind exchanges,” meaning any crypto being traded for another is now legally taxable. So even if you have never converted your crypto into fiat currency (i.e. the US dollar), but you have traded between two cryptos (like buying ethereum using your bitcoin), then you need to declare it. If you unintentionally earned money through one of your currencies forking, even though you didn’t have control over it, then that’s also a taxable event. https://qz.com/1247447/bitcoin-and-ethereum-income-tax-if-you-traded-crypto-on-coinbase-you-owe-the-irs/ |
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It's easy to be patient if you don't invest more than you can afford to lose.
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Why do you still accept FIAT?
When salary starts to be paid in crypto, then it will to be adopted and Fiat will die. We are probably a long way of from that But it just takes one currency crash in a major economy (e.g, Germany the 20's, Russai the 90's) and then crypto adoption could happen overnight. If that is next week or in 20 years who knows. I'm out of sMerit but that post deserves one. Very good point. |
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The steep fall of Eth in relation to Btc is concerning but I still feel both coins maintain a coupling. If Btc reaches the expected $100k valuation in a few years I think Eth will rise considerably also, though it may possibly never again have the favorable ratio to Btc that it enjoyed in 2017.
Having said $100,000 is too far from the reality but I believe it will happen if when?thats the question we must answer then it happen But ethereum is not that bad at all since it seats in around $230 .from January last year at around $1,500 this will ofcourse take a break and will comeback in time so never lose temper I think the key metric is the Eth/Btc ratio, not the Eth/USD ratio. I expect Eth to continue to do well against the dollar but I am concerned that it continues to fail against bitcoin. But I also agree with you that these prices have cycles and usually hodling is a good strategy. |
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Are we starting to see capitulation of Eth holders? I think the Eth team needs to show some results soon.
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The steep fall of Eth in relation to Btc is concerning but I still feel both coins maintain a coupling. If Btc reaches the expected $100k valuation in a few years I think Eth will rise considerably also, though it may possibly never again have the favorable ratio to Btc that it enjoyed in 2017.
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I'm not sure it matters much if btc is ever accepted as a currency. I mean gold isn't really accepted as a currency (though it is technically defined as one), you can't go to the store and buy a load of groceries with it in any developed country.
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I started buying in May 2014. I’ve never declared any tax at all. Correct me if I’m wrong but you only pay capital gains tax when you start to sell?
Only when you sell for fiat. If you convert to another digital asset you don't pay capital gains. At least not yet. |
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I think LTC needs to gain and hold $100 before anything else. Seems to be having trouble just getting to that point.
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With all this hyped IEO Ethereum seems became another one coin without any usecase. Its too pity, but true. Devs should find some way how USE Ethereum in another way than for ICOs
Yes, a smart contract application that would be widely adopted is still a light at the end of the tunnel for Eth. Lots of promise and potential but so far no killer apps. Perhaps the best group to adopt Ethereum network is institutions but they are just as likely to use the tech but have their own coin. |
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I'm reminded of the old saw "buy on the hype, sell on the news".
According to coinbase this is the current top holder activity buy/sell percentages... 29/71
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Observing top holder Coinbase buy/sell ratios:
btc: 33/67
eth: 35/65
ltc: 29/71
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The dropping Btc/Eth ratio needs to turn around. It used to be there was Btc, Eth, and everything else. Now there's Btc and everything else. Eth seems not able to capitalize on its features and is being relegated to just another shitcoin in a sea of shitcoins.
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