Considering 15 thousand dollars to start and 10 thousand dollars to run every year is fraction of what many exchanges make this is a welcomed news for many of them. Of course, there are some that barely started or even some old ones like cryptopia that doesn't really make any proper money at all but even with that 15k looks quite inexpensive. The 10% tax looks like it could be a problem depending on what they charge.

If that is 10% of the profit than that is fine since you get to keep the 90% of the profits however if its the 10% of all revenue to be paid as a tax that seems like a deal breaker since there are a lot of costs to run as well and that would cause a huge profit margin problems for all coins.

Think about the ICO founder, if he collects 150 million dollars for a new coin than he has to pay 15 million right away and that means selling more of their coin or eth they collect which would cripple their improvement.

Market is over $4k again. The moment people start to critize and say bad things about bulls the market shows them how wrong they are. Look at the altcoins as well there are multiple ones with 10%+ profits too. As you can see bitcoin is not the only crypto out there and even though bitcoin is going up there are others that are going up even faster.

Look at ethereum, the coin that was about 80 dollars just near time ago and right now it is about 150 dollars, it is close to a x2 gain from just last week. Hence, bulls are not retarded, they are just more patient compared to bears. Bears run around screaming the end of the world whereas bulls knows that bitcoin and crypto is here to stay and no matter how much the prices go down it will always recover and we will always make our profits.

I understand you are talking with respect to bitcoin and in that case when more number of people like you when looking for selling their holding then those 90% downfall may continue. I like to suggest people like you to look for making use of your coins for your day to day life instead of looking for selling in the open market. If you do not have enough infrastructure for using your bitcoin in your life then you must keep holding your bitcoin and should wait for better prices like $100k or million dollars and situations where you can use/sell them.

Why you want to see prices crashing big ? Is there any specific reason for that ? But, you have not mentioned about that. People are praying for crashing for the reason of buying for lower prices. At the same time some other people are praying for booming. Only time will answer who is going to make their wish coming true.

Bitcoin is not something that you can put x amount of dollar in and than take out 2x amount of dollars when the price goes up . The purpose of bitcoin is to make people realize that democracy is not something we need in politics, not that we have proper democracy in our politics and almost half of the world has elections that are either fake or at least somehow tampered with but even in politics democracy gives us a bit of hope, so we need the same on our money as well.

When it comes to bitcoin that is the most democratic way money can be where everyone has a say and there is no outside power that could change anything how bitcoin is working, with decentralized power no one can make bitcoin work differently or change the main aspects, they need a democratic voting occur with miners and what is wanted most will happen.

Already quite wrong but I do like a good creative reading. The part that really corrupted the whole thing and destroyed the magic was the citadel, having bitcoin at $100k in 2019 is still possible, hell even one million dollars in 2021 is still possible, if he moved the topic further into that he could have been fine.

Nevertheless, he went to the route where there was kingdoms of miners and people who hide in places where rich bitcoin folk would live without working ever and so forth. He didn't had to move the discussion to a futuristic unreal thing if he only kept with the prices.

We have nothing major changing in our world or at least in our day to day lives that promotes the fact that by 2025 there will be automated cities. Maybe cars? That seems like the only futuristic thing we could hope for. Good concept, bad execution.

This is the problem 2018 bear market created. I have cashed out all my bitcoins and now waiting in fiat to purchase back when the price falls back. Like I know bitcoin will ever drop or not, I have no idea if the price will go down again, why do I feel like this increase is fake and it will go down again than ? I think 2018 created an imaginary situation in our minds that if we keep on believing bitcoin will rise we will be hurt and it will go down because that is what happened in 2018, so even when its going up we can't really get ourselves to believe its a bull run.

As long as people do not see any increase as a blessing and start believing its a good thing than we are going to fall back anyway. The pessimistic approach to the price we have right now because of 2018 will continue for a while and will definitely affect the price as well.

When you do not have plans to use an exchange as a wallet services then I guess you do not need to worry big. I choose an exchange based on availability of one particular coin pair and then I will check in this forum for their credibility. I do not prefer exchanges which are asking to clear KYC. I test a new exchange with small volume for first time. That's all for me to choose a new exchange. I do exchange and I will withdraw and then I will forget that exchange until I need to trade another coin/token.

How you will make sure that your exchange is having good security systems ? I read most exchanges are saying that they have cold storage or even deep-cold storage and having world class protection against all types of hacking but how we can be sure about those things. I mean how we can cross-check their security systems. I guess we need to go simply by their words.

Basically in layman terms this means if your money makes you money you pay taxes. When you have a business that you buy a product and sell a product you pay a different tax, when you have a house you rent out to you pay a different tax, when you have pound sterlin in your bank that makes you money like stocks or savings accounts you pay a different tax. Crypto profits come into affect with that last one, it is same as having some pound sterlin on your bank account and profiting from that, "money making you money" deal. Crypto is considered exactly the same.

Even tough country doesn't really see crypto as "money" just yet, it is basically putting it at the same place with "money" they consider to be real. Hence, you will be paying taxes depending on the profit of your money, so if you had 1000 pounds and made it into 1200 pounds you do not pay taxes on 1200 pounds, you pay taxes on the 200 pounds. As far as I know.

I still can't believe dogecoin is alive and still going strong.

When I first came into the crypto scene there was no doge, when it first came out one day there was no doge and the next there was one, that is how people did new coins back than, there was no ICO, just "here is the wallet" and we started to mine it. However, it was purely a meme coin that never really intended to be this big. We are talking about a coin that is top 20 in volume and totally just a fun entertainment thing.

Back when "wow such moon" type of jokes were funny and we did even paid for an advertisement on a nascar car once which everyone heard but that was really it, never really even imagined it would get this big. Doge literally hit the highest during the 2017 peak like all others, this is not a peak at all.

Democratic governments always value their citizen's preferences rather than sticking within policies and may loosen up legal issues slowly where the people push. This is what happening as per that article. It must be one good positive news for the people who concern on protecting their privacy and identity. I am sure, in near future we are going to have another article like a government may ask to use bitcoin to stay anonymous as responsibilities should come by own and not just due to regulations in a matured society.

Yes, that will happen but not sure how quick it will happen. Developed countries may do it at first (still I wonder why no other governments are not yet following Japan's decision of legalizing bitcoins.) Cryptos will be part of our daily life but government may monitor us by what we are buying and where we are going and whom we are meeting which may be like another family member as that is the only way to collect taxes and to control/monitor criminals and terrorists after leaving off the control over existing financial system.

There is no scenario where USA doesn't need China and there is no way USA can really afford the pay them neither.

Right now, USA has worlds biggest debt and most of it is to China, we are talking about a budget crisis at around 10+ trillion dollars that needs to be paid yet they are making more and more debt every single day. Now if they stop getting these goods from china they would need to manufacture it in their own country and that would cost them so much more that some business will go bankrupt and that would result with bad economy as well.

So, either they will keep on getting China and make the companies richer while the country is going worse or they will stop working with china and their companies will bankrupt and economy will go worse. There is no way USA can get out of this without any harm unless they find a new country aside from China.

It must be a bad sign for a society without any arguments. It may create jobs for few but will make thousands jobless. Gambling will give negative development for a society as the consequence of gambling addictions will push people to forget their social and family responsibilities. Gambling is kind of business which should be a heavily regulated all the times by governments and it should not be promoted publicly.

You are expecting so much from gamblers or you are just not aware of the dangers of gambling addictions. Governments are allowing gambling industry just for the reason of tax generation but they are not at considering the negative impacts of gambling . That is really a pathetic situation even in developed countries.

That is right. This is the reason why they allow prostitution and not controlling trades of drugs. I guess at least 40% men in world population must be addicted to either of one of these three.

I don't even like going outside for shopping for groceries and order those stuff to my home, you make a guess which one I would prefer. I do not understand for peoples needs to go outside and socialize with others for the simplest things. This is betting and when you are betting you really do not need to be around people, having people around betting for something together makes no sense at all, its needless.

I would prefer to stay at home and bet on something I want in my pj's and make money while I am taking a siesta nap on an afternoon, its far superior method. If the odds are different outside and I am getting screwed for betting online and I would make more money live betting than there would have been a purpose but online better has far better odds as well so its really useless to go outside for betting.

Another subject to be discussed is not which coins will be top 10 but which coins will go away.
The word "bankrupt" is not really the right word for these coins but honestly I do not know any other way to describe it.

There has been a lot of weed coins for example that lost a lot of value over the years and some of them reached 100 million dollars in value whereas the highest at potcoin worth 2.5 million now. Those coins look like they will be "bankrupt" soon with how low their value is.

Considering monero is the only standing privacy coin they will probably go away soon as well. There has been a lot of storage room coins where the main idea was that instead of hash power they were mining with storage but now they are mostly gone as well. 2019 hopefully will be the year where prices of every coin increases but 2018 has been the year some coins really just went away and some of them probably went away for good never to return again.

But, everyone who have bought before last year must be into profits. There will be no proper evidences to compare bitcoin with tulip ponzi. Bitcoin is having all the concepts and potential to attract more investors and bitcoin was designed to have very big price levels just due to attract more people to adopt it.

In this modern era, no one will simply adopting new technology that too a replacement for their financial thing. That is the reason Mr.Satoshi must have designed bitcoin to have such an unbelievable price levels so that more people will come forward to adopt it. Here you must think about tulip, like it was introduced to have such a big price levels and it was following a well-defined production/supply regulations ?

There were many similar comparisons in late 2014 after bitcoin prices were falling down for months after setting up then ATH around $1200. But bitcoin prices again went to that level and also gone up some 20 times also. Similarly we can expect, bitcoin again to have big price levels above current ATH. Then no one think about comparing bitcoin with to tulip ponzi.

You cannot assume a fair value for bitcoin but it should be derived based on few bitcoin ecosystem parameters like the total active wallets/address, in and out per address and factors which are determining the supply. Even it is an approximate estimation, it is similar to any commodity/stocks/bonds' fair value calculations. Moreover, everything in this world may have a fair value but it is an rough-estimate of actual value. "Fair-value" is a most common term in trading houses.

Any bitcoiner who is following the markets for years, will definitely say that the current prices are a definite wrong. I like Tom Lee's faith on bitcoin's future and that is the reason he still has not changed his year end predictions. I believe he will be at least 50% true with his price levels by end of this year.

Mark Twain once said "the reports of my death have been greatly exaggerated". This reading really reminded me of that. I think rumours that the market is dead is really just exaggerated, we are still here and crypto is still standing strong.

There is no way bitcoin could "die", it is a p2p financial currency that will never die. Of course there are times it drops like hell and it looks like the price will not recover and all that but remind yourself that during 2014 bull run we reached 1400 and than dropped to 250, it took years to recover but we are over double that amount currently. That is why never give up on your crypto dreams, invest to forget. That way when the price goes back up again you will have a lot of crypto that worth a lot of fiat in exchange.

You are misusing the term blockchain instead of altcoins/tokens. I agree that we do not need this many altcoins or this many ICOs based on repeating concepts and for repeating purposes. But, it is a free world, we cannot do anything about that. Some Joe is creating a new coin based on blockchain technology by believing into some other Joe will invest into that. Creating and investing here are personal things of two people and it is right as per basic human rights and by decentralization concepts.

The application of blockchain technology for our life's need is unlimited but exact infrastructures needed yet to be developed or invented. But, OP is concerning about numerous useless altcoins but not exactly on blockchain technology. We need blockchain technology for many reasons. Dot .

When a marketplace is attractive enough (in terms of easiness and convenient) then it will get more users for spending cryptos but it does not mean it will help to prices to go lower but it will enable more people to adopt cryptos for the reason of using such a marketplace. Similarly I believe, building a great marketplace in the times of crisis is not a big issue but it may not attract more new users how it would suppose to be performing in the times of rising market conditions.

Condition of overall market scenario is more important for the success of any business because sailing on opposite current is more difficult for anyone. A positive market condition will convince more people to start adopting a new marketplace whereas at the times of crisis, it is obvious that most people want to stay away from trying out new things.

Yes, these are the things will be decided by time. Let's take bitcoin prices for example here to understand better on how things are working around here. Those who have bought at $1000 by 2013 and still holding must be happy right now but definitely not in 2015 or in 2016. $1200 was the ATH then in 2013 but many people rushed to buy at that times just due to FOMO but only very few people decided to hold till 2017 to find the real potential of bitcoin and the time proved that all of them right.

Hence, there will be no need to show pity on those who bought at ATH in late 2017. Things will change in near future like bitcoin prices will have new ATH for sure. Here, we must need to note something keenly. Only those who are holding, got chances to find profits. Also, only very few assets performed well to have new ATH and most other coins got dumped and hit values less than one satoshi.

Moreover, I pity on those who are not having plans for long term holding and have invested into random assets which are not having long term prospectuses.