As I wrote above you missed the update with respect to the fact that Italy has been a pioneer in this regard
I did not miss the update, but I thought that this thread was intended for US banks and their involvement with cryptocurrencies - and according to the link I posted, banks got the green light for such business a little less than a year ago. Who was first is less important, because we all know where the most money comes from - and now it will probably come even more, because people trust banks and the centralized system more than anything else - imagine that you can come to your bank counter and buy/sell Bitcoin without having to know anything about cryptocurrencies.
Yes they are solid facts, however, there are also banks that prohibit their users from using their accounts from buying or selling bitcoin and other cryptocoins.
Why generalize and say that all banks prevented their clients from buying or selling cryptocurrencies, because as far as I know, few banks in the US have had such a business practice as, for example, Bank of America. Banks will be given the opportunity to expand their business to cryptocurrencies, but this is just an option that not all banks will accept. Breaking: China's state-owned bank, CITIC Bank,
Why even mention the Chinese bank in the context of American banks? The Chinese government banned cryptocurrency trading a few years ago, which means that banks automatically blocked all payments and withdrawals to such companies. I never said the bear market will come soon. I said we should be realists, assume that the bear will pounce unexpectedly and we should be ready.
From your posts it can be concluded that you are quite focused on the bear market, and I don't understand how everyone should prepare for something that can be months or maybe years away? It’s not that it’s going to happen overnight and catch us asleep... |
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If someone transfers some BTC from their account into my Trezor wallet, is there a fee involved for anyone?
Of course there is a fee, it is paid by whoever sends Bitcoin - and the fee is what we pay the miners to verify our transactions. Is it tracible for tax purposes?
Example..
I sell someone a $10,000 car for BTC.. they send it to my Trezor wallet.. there's no tax implication until I some day cash out that transaction?
In this particular case, if you sell a car directly for Bitcoin, it is very likely that you have to pay tax on that transaction - and if you are in the US, then I am pretty sure that it is a taxable transaction. On the other hand, if you and your customer agree that the transaction will remain confidential between the two of you, you don't have to pay the tax at all - you just have to make sure the IRS doesn't find out  How safe is it to transfer BTC from someone's account to my Trezor wallet?
I haven't received any BTC from a private account.. only from Coinbase.
If I have them send it to my Coinbase account, then there would be a fee from transferring from Coinbase to my Trezor right?
It is completely secure, and it doesn't matter if the transaction comes from a private person or a crypto exchange. The Trezor has no restrictions on this issue - the only important thing is to check that your receiving address is 100% identical in the user interface and on the screen of the device. From Coinbase to Trezor there is a fee, although I think Coinbase Pro has a 0% withdraw fee (I'm not 100% sure). |
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Sometimes being lazy of opening unsolicited emails are helpful to us. If you don't know the source of an email, you better not open it.
Nothing bad will happen if we open any e-mail we receive, this in itself is not a danger because as far as I know it still takes a little more than just opening an e-mail for something bad to happen. It’s important not to download any attachments that come in such emails, but as they say “curiosity killed a cat”, and people who are curious (and careless) often fall into the trap. What I would especially like to point out is that you should beware of e-mails that only seemingly come from people you know, because someone can target you specifically - so a legitimate e-mail can be melissa23@xxx.com, and the hacker is sending from melisa23@xxx.com a message with content that says "look at my latest holiday pictures" just click on attachments. |
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The news is actually almost a year old, because even then a positive decision was made that banks will be able to provide a service related to cryptocurrencies. The OCC serves to charter, regulate and supervise national banks. Today’s OCC letter clarifies that national banks have the authority to provide fiat bank accounts and cryptocurrency custodial services to cryptocurrency businesses. This clarification from the OCC may open the doors for larger financial institutions to be more comfortable providing traditional bank accounts to cryptocurrency companies, as well as actually provide custodial services for customers’ private keys. This is not just the case in the US, it has happened before in the EU (Germany) and is likely to spread to other parts of the world. Banks exist to make a profit for their owners and to control the population through them, and we all know that most banks operate in the gray zone - and if they can make money by offering crypto services, I never doubted they would not take advantage of it.
However, never trust mainstream media news. Beginning of the bear market, news will be very negative again.
What does trust in the media have to do in this particular case? These are solid facts, the media didn't invent a story about the connection between crypto and banks, did they? I see that you are still in the constant belief that the bear market will come soon, but there is a possibility that the past will not repeat itself as some expect. Yes, I know we need to prepare for some new crypto winter - but personally I don’t like to think of winter when summer is just knocking on my door. |
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I understand the need of the younger generations who want some modern design in the first place, but I think the content is what is much more important - because what would be the most modern forum without people who visit it and give it a certain quality. Personally, I have nothing against the forum as it is today, but I hope (like most) that the new forum will come to life as soon as possible, and that it will finally become mobile friendly - because since I have been on the forum there have been dozens of such questions and requests.
I'm willing to bet you guys are over 50.
Although we have several older members (the oldest is now about 80 years old - Jet Cash), most are under 40 though - but to you, it’s probably a category of old people |
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...but it seems to be an exchange not a wallet.
The difference between a crypto exchange and a non-custodial wallet is that you can set the fee yourself when you want to send a transaction - and more importantly, in such wallets you have complete control over your private keys - which means that you, and only you are the owner of what is in that wallet. If you want a desktop wallet for Bitcoin, I definitely suggest you take a look at Electrum (just be careful with fake versions), and if you want more security, you have a choice of several hardware wallets, among which the most famous are Trezor and Ledger. |
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This is a very unethical business practice as someone has already mentioned, and unfortunately it is used by many crypto exchanges that do not require any verification when registering or depositing cryptocurrencies, but their users are unpleasantly surprised when they want to withdraw. One such example is Binance which theoretically allows up to 2 BTC daily withdrawals without KYC, but users often complain that they are asked for KYC for much smaller amounts.
I'm not from the US and the source of my funds was trading at pancakeswap, so I don't think I was involved in any money laundering or fraud activities, am I?  I think you're just caught up in their algorithm that monitors all accounts - and it's a well-known fact that crypto exchanges are increasingly entering automatic surveillance systems that of course work more efficiently than humans, but also make a lot more mistakes. Unfortunately, the only way to get your funds is to accept the rules of the game. |
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Quite high transfer fee tbh. I may look elsewhere for a different wallet provider, any suggestions?
If you mean withdrawal fee from exchange, as far as I can see you have much better choices if you choose Binance or Coinbase Pro. Of course if you want to control the fee the way you want, the only logical choice is to keep the coins in a non-custodial wallet (desktop or hardware wallet). I don't want to post any direct links to websites that compare such fees, but if you use a search engine with the keywords "bitcoin, exchanges, withdraw fees" I'm sure you'll find everything you're interested in. |
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Nope... while it defaults to BCH, they actually accept BTC, BCH and/or LTC
I contacted them last month regarding their paid service and received a response from their customer support that for a paid transaction accelerator only BCH and LTC are supported as payment methods. Customer support may have incorrect information as your ss also shows the availability of a BTC deposit - but it is also possible that this deposit cannot be used for accelerator.  |
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I remember a lot of people having had similar problems in the past, but luckily @HCP did something that could solve your problem. He created a script that extracts private keys from the Multibit Classic or HD version in a very simple way. For more information read the following thread, especially the last post. MultiBit Classic fails to open wallet file |
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EM is a man who lives for profit and his companies that bring him profit - and if he has felt something in cryptocurrencies that can bring him even more profit, he clearly shows that he will make the most of such an opportunity. On the other hand, the media adores him because he has an army of blind followers who jump on his every word or tweet, and he himself does not hide how much he enjoys being in the spotlight - all this means that everyone makes money while the masses have fun - win-win situation for everyone.
For days I have been hearing from various sources that EM will announce something tonight that will, as always, affect the price of some coins - so I already have a feeling that one man is moving the market in the direction he wants - for some it may be fun, but such power in the hands of one man is not something I like too much.
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What do you think will happen once mixers (both custodial and non-custodial) are banned by the government? Will this force people to use privacy coins more thoroughly? Or will everything remain the same? Any input will be greatly appreciated. Thanks in advance  Only those mixers that allow themselves to be exposed to the reach of the authorities can be banned, and let someone tell me how any government in the world will ban something that is completely out of its reach? According to what most governments in the world think today, any mixer is basically illegal - but it is also illegal to share copyrighted content and torrents still work - just as it is illegal to sell weapons on the black market, and that market literally blooming. I think that they (the authorities) will try to fight coin mixing in another way - and I think that they will condition the analysis of transactions and every coin they find to have passed through the mixer will be marked tainted. |
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The use of anti-virus applications is at your own risk, it only half protection, but for me I do not recommend using it. Firstly because of personal experience, secondly because there were many programs in the past years ago that used to give wrong results and delete applications automatically, and as a result I did not recommend using them and preferred to take safety measures myself. But everyone benefits from his experience. I have not tried modern applications, but I have heard about them from my friends. Perhaps I have a complex from them.
The risk is if you use software that is free and has a very low level of protection, and also collects your data and sells it to third parties. For anyone who uses Windows OS, I would recommend some kind of protection (I mean pay protection), and for me personally Malwarebytes Premuim + Norton do a great job - I haven't had a virus or malware on my computer for more than 5 years. I know that W10 users have Windows Defender + firewall turned on by default, maybe for some it's enough protection - I personally think that every user can get much better protection for relatively little money - and when it comes to cryptocurrencies, we are all even more exposed to online threats - many realized this after it was too late. |
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And you don't have to be Warren Buffett to realize what he said in the interview is true: that we're in for some very rough times ahead.
I’ve been reading about it for at least a month now, commodity prices have been rising steadily and analysts say something like this hasn’t happened in the last 10 years. Demand for iron and copper has literally exploded, and all producers are struggling to meet market needs - while at the same time China is trying to reduce production of these same materials while importing huge amounts of grain - causing a shortage in the world market due to very poor production in important agricultural countries. All this is, of course, part of the game of how to earn more at a time when the world's economies are beginning to recover strongly, and countries that hold the key to development (raw materials) want to sell them at the highest possible price. I will list some interesting facts from one of the articles I found on this topic. The prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life.
From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The rally threatens to raise the cost of goods from the lunchtime sandwich to gleaming skyscrapers.
China, a crucial source of supply and demand for raw materials, is playing a big role, particularly as the government tries to reduce production of key metals like steel and aluminum. It’s also buying up massive amounts of grains. Food prices are also being affected as poor weather in key growing nations like Brazil and France hits harvests.
Meanwhile, countries looking to rebuild infrastructure may find their budgets buy less than they used to. President Joe Biden’s $2.3 trillion plan is one such case. Electricity grids, railways and refurbishing buildings are among the items on the shopping list that will use large amounts of metal. Consultancy CRU Group estimates the program will add 5 million tons of steel to the 80 million the US uses each year, with similar boosts to aluminum and copper demand.
Costs for corn fed to livestock have doubled in the past year, and soybean meal is more than 40% higher. While there’s a delay before that hits the burger chain or steakhouse, there are already signs of prices creeping higher.
Steel producers in Europe and America have suffered for years from low prices caused by global overcapacity. Plants struggled to make money and job security became a growing worry. Over 85,000 steel jobs were lost in the European Union between 2008 and 2019, according to industry association Eurofer. That’s all changed dramatically thanks to booming steel prices. Futures in China, by far the biggest producer, have smashed records — even outpacing gains in key ingredient iron ore — as the government took measures to curb output. That’s supercharged rallies of benchmark prices in Europe and America, where mills were already running at maximum capacity as they try to meet unexpectedly high demand.
Whether you prefer latte or espresso, sweetened or plain, the key ingredients of a cup of coffee have surged. Arabica coffee futures have risen about 33% in the past year, while raw sugar has also advanced. Fancy a slice of toast? Benchmark wheat prices have hit the highest since 2013.
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- Do not use Windows, it is more vulnerable to hacking than other operating systems.
Windows operating systems are definitely a risk, but which OS is 100% secure? I've always used this OS and I never had any serious problem - although a lot depends on how someone uses their computer. Anyone looking for trouble in pirated software, torrents and suspicious sites will pick up something malicious sooner or later. - Do not let anyone else use the device - from experience - I tell you, most people activate things that you will never expect, and that may cause you panic in the future, for example, activating Notifactions while browsing a site that loves ads, which may make you suspect the presence of a virus in the future.
This is something I fully support, because you never know what a friend or acquaintance may install on your device without your knowledge - or what they can use your IP address for - to send a threatening message to a politician  - Do not install anti-virus software! (personal opinion). Sometimes these applications erase your private data as viruses, in addition to their black history that has been discussed in forums such as MSFN.
This has never happened to me, and I have been using AV for a very long time - always of course paid and reputable versions that have always been helpful to me. Why would AV delete any data at all? Each AV I used will quarantine any suspicious file or program, and the user can decide whether to leave it there, delete it, or exclude it as a threat. - Do not use Public or Home WiFi networks! It can be tracked and hacked using free tools.
Public wireless networks are definitely a bad choice, bad guys have a great selection of hacking tools that can steal everything we type on a compromised public network - avoid it at all costs. A wired connection to a home modem (landline) is the most secure way to access the Internet, although properly protected wi-fi (wpa-psk2 + WPS off + random password) provides a sufficient level of protection for the home network. Several years ago the safety was not like today, this category of society was being exploited. Many sites offer, for example, photshop for downloading with the crack and still, so far, they can easily stick any tool that monitors you and steal files, pictures, or encrypt files and then ask for money.
I would not agree that people were more aware of computer security before, although we can talk about the fact that some parts of the world use more pirated software than others or have a better education where children learn the basics of using the Internet in primary school. More and more people have moved online since we had the pandemic, which means they spend a lot more time online and are more exposed to various internet threats. |
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Now that’s very huge and it’s great that they have seen the light in owning BTCs for good!
For the average person, $7.8 million is without a doubt serious money - but if we look at today's crypto market, that amount is literally a drop in the ocean. If we convert this amount into BTC, we will only get 136 coins - which is actually very little when compared to an investment of tens of thousands of Bitcoins. What always makes me happy is that there are some companies outside the US investing in Bitcoin, and that would mean the trend is global. Given that a much more favorable situation is expected in the rest of the year when it comes to pandemics, I expect more good news and even more companies to jump into the crypto train. |
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This is why I prefer digital wallets like trust,atomic, or ownr. No problems with travel.
On the one hand, it seems like a smart move - everyone today has a smartphone or laptop to carry with them, and this will not cause additional suspicion at customs. But in some countries, customs staff can easily request an inspection of such devices - and I wonder how some would react if they asked for your PIN or password for your crypto wallet. If you say no, or you don't know, you immediately become suspicious - and if you open the wallet and have a larger amount of coins, you better have proof of how you came into possession of them. Such things may not be a priority yet, but they will definitely come into the focus of the authorities - because the fight against terrorism and money laundering never stops. And who is easier to blame than Bitcoin and its users. |
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So this days we need money and I would like to ask any of you guys do know? Any other website or other platforms that pay you crypto?
Like Bitcointalk you all know where I can get more bitcoin or altcoin outside this website?
I'm not sure if they still pay for posting on that forum that was advertised on our forum for a while (I don't want to advertise it), but I think most people know what it's about. In addition, I don't think any crypto forum has a signature, avatar or bounty campaign like BTT - yet this is the largest and most famous forum for cryptocurrencies. Some mentioned faucets, but as far as BTC is concerned we all know that there are only a few that are worth something (like freebitco), but as far as altcoins are concerned the offer is really big on the 2 main micro wallets. Many will say a waste of time, but if you have no other choice and are thinking long term just remember how much one Doge or some other altcoins is worth today compared to 3-4 years ago. I looked at the link in your second thread, there are really various offers - I think there are legitimate ones, but what pays well still requires expertise or creativity. If something seems like a good opportunity to you I don't see why not give it a try |
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I haven't tested the same address yet, but I doubt it can be solved without a firmware update.
I managed to upgrade Nano S firmware version to 2.0.0, and then I did a test again with your address. I can confirm that the missing character is now showing correctly. The whole firmware update process is very fast and without any problems (W10), it took a little over 5 minutes in my case.   |
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