Yup. He's nailed it. It doesn't need to be super dramatic or incredibly comprehensive, all it needs to be is clear. It's no good leaving people dithering over an amber light. Give them a green or a red and they can start to plan properly around it.

As an example the UK banks have never wanted anything to do with Bitcoin. Most people claim it's some sort of conspiracy. I'd say the truth is that the government hasn't provided one single statement about crypto's regulatory status. Zilch. Under those circumstances why would a bank risk getting involved in something that may bite them hard when the government does get around to saying something? Easier to steer clear completely.

Exchanging BTC for something else is a disposal and it's taxable if there's a big enough difference between what I paid for the BTC and what I receive in value for it.

The tax man don't give a shit if no USD changed hands. Value did and your gain is taxable in USD. This is as basic as it gets.

I assumed you handled some sort of OTC sale at which point realising the USD for tax would've been glued on.

Do you handle all the capital gains hassle too? That would sell it to me. Buying a property would necessitate selling off a lump to pay tax which leaves you with the same old cashing out hassle.

You should offer cashback for the tax part.

In this day and age you'd have to be pretty stupid to use Bitcoin for anything dodgy. We know plenty about how good their tracing is which means there's plenty they're not telling us about that's even better.

Stuff with baked in anonymity is available. I certainly wouldn't use anything else if I were up to cheekiness.

Nope. All IQ means is the ability to pass IQ tests. That's it.

You could be the most intelligent person in the world but a useless trader if you have no control over your emotions. Maybe being a little dull upstairs makes you better. You won't be swayed by theoretical possibilities. You'll stick to your moves.

Control over your emotions is the one thing above all you need. Not many have it.

But we have seen repeatedly what South Korean rumours can achieve too. These markets are so twitchy that anyone with a modium of psyops skills can have a very fruitful play with the kiddies below them.

We'll know we're getting places when everyone demands evidence before reacting. Can you imagine the gold market being influenced by one piece of shit Reddit post that isn't even translated properly?

It's purely the alt's BTC price translated into USD or EUR at that moment.

If you're sticking to smaller coins then the likelihood is that you'll be stuck with BTC trading but there will be a few exceptions.

You could quickly check the coins you're interested in against this list but there may be others that aren't included there - https://coinmarketcap.com/currencies/tether/#markets

Kucoin has USDT markets, but not very many compared to BTC markets.

For most coins you'd have to trade against BTC. Even if your chosen coin has a USDT market, turning USDT into real USD is seriously hard so you'd be better off staying in BTC, withdrawing it from Kucoin and selling that BTC for USD.

What country are you in? And what coins do you want to trade? Coinmarketcap will have a list of markets for each coin on their page and you'll be able to find USDT exchanges for them there if they exist.

You used to be able to do this through Coinbase up until a few months ago and that's the only method I'd ever dream of. Everything else either costs too much or leaves you too vulnerable. Presumably you have a bank account? Sell your Bitcoin into that and load up Paypal from there.

The prime question is do you want more Bitcoin or more dollars?

You'd be doing yourself a disservice by not settling whether you're after USD or BTC gains. Once you have made that decision then you need to discard the other pairing in your mind as you could be radically up in one when vastly down in another and that might affect your decisions if you're dithering between the two.

Stick to one and things will be far clearer. Are you in it for the long run or do you want to run away with lots of money now? If it's the latter then USD is probably the better bet.

I would dearly love to know what their thinking is on this. Even if they now have Jihan Wu's hand all the way up their colon, they still in the business of making money and their wallet restrictions and 'network fees' are costing them custom.

Now Coinbase has offloaded private key management on their clients Bitpay will be the sole option for many. I hope something better comes along. As BTCpay or whatever it is is laudable but it doesn't have banking and that's what most want.

Travelbybit have assimilated an entire town Borg style too - http://www.abc.net.au/news/2018-06-03/australias-first-digital-currency-friendly-town/9828306?pfmredir=sm

Airports are a very natural fit for crypto. The amount of times I've been a few pennies short of the local currency to buy something. Using a card might cost me another $2-3 in currency fees, even more in stone age banking holes like the USA.

So it's not decentralised then.

Bithumb is interesting. Korea's dead for now but one day that's going to count for something.

Anyway, this is far more important.

Luckily I've never had one. I never let money sit around on there. I never bother putting money unless I'm fully verified if there's a verification policy. I'd never put really significant amounts on any of them. I wouldn't get rolling with one without plenty of research.

People seem more accepting of the junk out there in cryptoland than they would be in other areas of their lives. I remember when I first looked into BTC and Mt Gox was still the go to place. I dismissed it within five minutes of googling and went straight to Localbitcoins.

Makes sense, but Github is just as much a for profit company as Microsoft is.  Andreessen Horowitz, ie Mr. Circle and by extension Mr. Goldman Sachs, put $100 million in several years ago.

Bitcoin should've migrated a long time back if they felt that strongly about it.

I dunno, man. I took him up on his tonal counting advocacy and now I feel tonbong times better, maybe even bongtran and I never thought I'd say that.

I think people see what they want to see and ignore the bits that don't fit their narrative. Nemflash is still going and delivers quite a bit. Something like a box on the main website with a news feed would definitely be a boon.

Because the people in charge were largely silent for so long, which isn't the case any more, those outside have developed a mentality of waiting for someone else to come up with something which is understandable.

Did you not do your research before putting money on there? No one knows who owns it or where it's based. Regulation aside that's more than enough reason to avoid it, let alone the legions of moans about possible selective scamming.

That fella you're talking to is one of the three core developers who created NEM.

Like he said, get on https://forum.nem.io and tell them what you think. Presumably you have some ideas about how to improve things. If you were at the helm what would you do differently? These days they're far more inclined to listen than before.