Soon Bitcoin will not anymore be used in the dark web transactions all because they can be traced and there is nothing "too be careful" once you are into this marketplace.
That's like saying; soon fiat will not be used for illicit activities anymore because governments are steering towards a cashless society where all transactions conducted digitally can be traced. Ignore how we refer to each specific form of money, because it's simply just money at the end of the day, whether it's called fiat, Bitcoin, Gold, etc. There is an underlying value that we exchange, and as long as there are enough people and businesses willing to accept these forms of money, they will be used, regardless of it being used for good or "bad" purposes. |
|
|
|
there's no logical reason for the OP to stay there when he can convert to USD with a click of a button.
That's another thing, but that doesn't take away anything from the fact that you can execute a trade worth $300 in a second on the USDC pair. It's up to OP to take the gap between bid and ask into consideration when trading, which I assume he has since he states that his trades are profitable. In order to get to the bottom of this it would be helpful if we have a screenshot so that we can see what the actual problem is here. Copy and pasting the profitable trades will suffice too. |
|
|
|
DDoS attacks of this sort don't really impact the way chipmixer operates
and actually improves privacy.
It does improve privacy to some degree, but considering that chips are usually created days before, and there are a wide variety of users actually using ChipMixer, it's already a difficult task for any agency to connect dots that link to your identity, especially when you choose multiple smaller chips and only use one of them to conduct a transaction. At this stage it's more of an annoyance to people, because most of them don't look at the site not responding the way you and some others here do. |
|
|
|
|
Crypto volatile again? Crypto (especially Bitcoin) has been experiencing a consistent volatility decline throughout the last couple of months.
I don't think most people know what options actually are, and when you don't know what they are and thus how they work (read, what the risks are), you shouldn't be getting into them. People have barely reached a point where they understand how you long/short on Bitmex. Perhaps a good idea for you (or someone else) to make a tutorial/guide so that people can get a clue of what options are?
|
|
|
|
Well, let's say some mining pool has taken over 51% of the network and can now manage your state as it wants, for example, change the chain that you have 0 coins, what do you say? Ethereum is not in vain switching to the pos algorithm, since it is impossible to do this on it .
It's hard to imagine that with how the mining ecosystem is pretty good at self-regulation to kick out bad actors. Larger miners can simply pool their share together to make sure the safety of the network and their own financial incentives are ensured. It's pretty safe to say that the time and money needed to perform such an attack on Bitcoin is useless at this point in time. EOS is POS too, where some exchanges (Bitfinex was one of them) have already abused their voting rights. Ethereum will be a similar toy because of how most of the coins are held by centralized exchanges. People just like POS for its staking aspect, while everything else of negative nature is discarded because that's not of interest to them.  |
|
|
|
People are betting that Ethereum will falter in the next bull market, that something shiny and new will take all the spotlight from it. Looking at the ETH charts though, I doubt it.
Who are these people? EOS, TRON, ADA fanatics?  Ethereum has the network effect that most probably, no other altcoin will be able to take from it. "superior" smart contract platforms are present already, but most people aren't interested in that, just like how people aren't interested in coins that provide faster and cheaper transactions than Bitcoin. EOS and TRON are both inflating all sorts of metrics to point out how many users are active on their platforms, but it's super easy to manipulate metrics on these platforms into oblivion with how transaction fees are either zero or just barely above that. Developers and the wider dapp ecosystem have chosen already, and that choice is Ethereum. |
|
|
|
The safest way, but not the fastest, probably the slowest, would be to register with any exchange like coinbase, kraken, pass the KYC requirement, deposit your BTC on your account, request withdrawal to your bank account that you previously verified and then withdraw to your bank. Once the funds reached your bank account, then send over to paypal (Bank deposit), then spend your balance as you need.
Did you read the posts above? I already have accounts at all big exchanges. My problem is that none supports Paypal, and that those which do, are smaller unproven ones.
I do however have to add that Coinbase does allow people to withdraw the following currencies EUR, USD, GBP and CAD to their PayPal account. It just isn't possible to deposit through PayPal. I'm not sure what country OP is from, but if he's from one of the aforementioned countries, that's going to help him a lot. https://support.coinbase.com/customer/portal/articles/2959952-paypal-faq |
|
|
|
My trades keep clearing and my account is not growing. I am placing profitable scalping trades in the .5%-1% profit range. All of my trades were successful but my account is slightly less than when I started. I have placed about 10 successful scalping trades and each trade is about $300 each. My account is slightly less than when I started. I use the stable coin USDC. This is confusing.
Can anybody tell me what the hell is going on with Coinbase Pro!?!?!?
If your balance is less than what you started at before you 'profitably' traded, you're probably miscalculating the actual profit percentages. Coinbase Pro's taker fee is 0.25%, so opening and closing a trade costs you 0.50% in total. Opening a trade; $300 minus 0.25% fee = $299.25 Closing a trade; $299.25 + 0.5% profit = $300.746 minus 0.25% fee = $299.994 @figment... USDC is more than liquid to handle $300 trades. |
|
|
|
in this case, BTCPay is less/not needed
How is it less or not needed? A lot of commercial businesses and non businesses use centralized payment gateways for the sake of convenience. Every payment goes through a filter where these payment gateways analyze the risk of each transaction, even when the nature of the transaction is innocent. The need hasn't ever been more pressing. BitPay & Co have done nothing but signal the need for alternatives such as BTCPay. The more businesses adapt the more freedom people and businesses will have. Speaking of such, Namecheap (largest domain registrar in the world) is exploring its routes to ditch BitPay after hundreds of complains of them being shady and because of their unfriendly checkout page. Several users have proposed BTCPay, so we'll see where it ends. |
|
|
|
It's quite funny how these CEO's are so loud against Bitcoin, yet do the complete opposite and explore what the opportunities are that this market presents. Just wait for it, when the price breaks through its current all time high levels their clients will beg for Blackstone to buy them into Bitcoin's exposure, be it through futures or other forms. Not having exposure to Bitcoin in current time and day is just stupid. If not, then some other institution will take their place and reap the fruits of being smart and adaptive. --- https://twitter.com/btcven/status/1175557877894909953$229.47 USD (~₿0.022547 BTC) bought non-cook pasta for a whole week to help feed ~1200 people who eat in the soup kitchen daily
Another ₿0.022547 BTC bought:
- bleach, laundry powder for the special care center
- fruits, vegetables, ribs, pasta, eggs for elderly women center
Bitcoin is actually being utilized already for Venezuelans. Give that account a follow and consider donating.  |
|
|
|
I don't think that Bakkt will influence the Bitcoin price significantly, not in positive or in negative way or at least that influence will not be at long term.
Some are expecting very much from Bakkt and some are very sceptical. Probably the truth is somwhere in the middle but we will find out soon enough.
Bakkt has done a lot to hype up itself so it's not all that surprising to see people jump on the Bakkt bandwagon. What people did however (rightfully) expect to happen was some sort of a sell the news dump, but it has either been front ran already (hence the current price), or the smart money just doesn't care much and we still have to wait a week or so for the bearish formation to finally break. The actual fundamental benefit of Bakkt is that it provides a fully regulated platform stimulating honest price discovery. I think that's something we should cherish the most instead of just focusing on pumps and dumps. People tend to consider the volumes exchanges such as Coinbase generate low, but that's only because of how much fake volumes exchanges like Huobi, OKEx, etc generate. Give Bakkt a good few months to settle and grow. It's not doing too bad; currently 28BTC volume while Vaneck's trust hasn't seen a single penny of capital inflow in almost a week! |
|
|
|
Gotta have balls of steel to trade bitcoin because you can get rekt long or short even both in the same day  If you're gambling perhaps, but if you understand how TA works and are setting up well placed stops, the risk is very limited. That of course is assuming that there is a market to trade on, which currently sucks big time with how illiquid the market is and stuck in a very tight range. If you look at exchanges such as Bitstamp and Coinbase, there is very little activity as we speak. It makes more sense to wait for the break and trade that (which can happen at any time now), but I would prefer to wait one or two days afterwards just to see if it is a fake-out or not. Be wary of those. |
|
|
|
The thing here is Exmarkets doesn't require KYC while I guess Gemini does require it.
Gemini is just as brutal when it comes to subjecting users to KYC as Coinbase is, unfortunately.  How do they make their money with freebies? I think the rich bitcoin holders wont consider the transaction fee as factor to go to there exchange, they will choose security over free transaction, Imagine no KYC also, I dont think this could attract traders to the exchange as they expect. Have heard alot about their failing IEO than the free transaction fee
Offering zero fee trading as promotion is a convenient way to increase your user count as exchange, because for most smaller fishes the fees are a big thing. It's not for nothing that we quite frequently see threads pop up here where people ask what the cheapest exchange is to trade on and whatnot. I personally will always choose the quality exchanges over some hillbilly exchange just because it offers zero fee trading or "free" $xx signup bonus. Just stick to Binance or whatever other exchange you're using. They have listed enough shitcoins for people to trade so why chase after that one coin they haven't listed? |
|
|
|
If Bitmain has some sense in its business model, they should either re-route their shipments so people aren't taxed unfairly, or they should choose a different country for their warehouse.
Bitmain couldn't care less. It's the buyer's responsibility to look at the additional tariffs and have it weigh in to see if buying miners from them makes sense or not. If Bitmain would have a warehouse in a foreign country (which costs a lot of money to purchase/build/rent), it would then require them to ship all their miners from China to that country, which will only make these miners more expensive because of the additional cost involved. Business-wise, it makes not much sense for them to do so. More importantly, most of the mining activity happens outside the US, so large scale miners can purchase from Bitmain and ship to X Y Z country without any problems in most cases. |
|
|
|
I understand the reasoning of depending too much on Telegram. But initially considering security and privacy aspects of Telegram, we thought it was the best option to provide and private way for people to exchange BTC (localbitcoins & others gets frequently blocked and recently they also stopped cash deals!).
Telegram is a honeypot for governments, just like any other social media platform is. In that regard, the privacy aspect you seem to have liked is very relative. The act (i.e. being an unlicensed money transmitter) is illegal on its own, and actually pretty dangerous as well if you put so much faith in a social media platform. I personally don't care about what people do, but if there is one thing governments are actively fighting against, then it's entities facilitating trades in this manner. It's like playing Russian roulette. It either goes well or horribly bad. |
|
|
|
1Referee, I would not say that only reason why people keep their coins in desktop/mobile wallets is because of money which needs to be invested in a hardware wallet, but also because most of them are not even aware that such security solutions exist at all.
On the other side, we have ignorance with a completely wrong premise about what is cryptocurrency. As a result of that, many crypto users do not realize how challenging it is to be their own bank.
Fair points. Ignorance is a big factor indeed, which comes to show how not ready we are to onboard the average joes of this world. In that regard, it also makes sense for centralized entities such as Coinbase and Bakkt to offer custodial services, because the gap between a clueless crypto enthusiast and someone who knows how to be his own bank in a secure way is massive. I know Bitcoiners don't like them, and that for a good reason overall, but these wouldn't exist if the demand wasn't going through the roof, hence these entities holdings billions on behalf of all sorts of holders. |
|
|
|
My question to you pretty much is; taking the above in consideration, what forms of taxes do you pay and not pay?
I simply avoid everything I can, and evade when it's smart to do so. - find people growing food, and buy directly from them. there's a high chance it will be healthier, as they will have an actual conscience
- find independent businesses that sell other stuff for your home. try to get things from people outside your local gangster turf, it's harder for them to track the paper trail, so the people you buy from are more likely to use it as an opportunity to evade taxes themselves
- don't use the postal system for any of this, as the postal system is subsumed into your local gang's tax reporting
In most of these cases, it's not possible to stop people you trade with from paying some taxes, it's hard to be a business and avoid scrutiny of your finances. But the world's a big place, you can find businesses who trade outside of scrutinizers, if you just look for them That's next level. I definitely didn't see that coming, so thanks for the insight. I thus far have mainly focused on whatever I hold outside the banking system in terms of wealth, which comes down to not declare any of my cold wallet Bitcoin holdings, and not declare what I have in physical Gold. It's so silly that I have to do this, but the other option is to hand these government criminials 1-1.5% annually, which I won't ever be doing. It's one very arguable thing to tax profits, but to annually tax people's net worth that hasn't been touched in years is the most retarded thing ever. This blatant form of theft should never be rewarded. |
|
|
|
I wouldn't be surprised if there were honeypots out there. Let's not forget that Bestmixer.io was shut down by the FIOD (Dutch police) and run from Europe -- much like Hansa.
I am aware of Bestmixer. It's however a mixer they have just sneaked into without actually providing any of their own coins to be withdrawn by the users of that mixer, which is more what I was referring to. Perhaps I was reading it a bit too far. In that sense yes, there may be certain still operational mixers where government agencies are filtering every bit of information without the actual operators even knowing. For another thing, it's hard to ignore the sheer stupidity of the Bestmixer admin. Operating servers from Netherlands and Luxembourg in the year 2019? It really makes one wonder. That was weird indeed, but at the same time it wouldn't really surprise me if the admin overestimated himself and underestimated the authorities. In the end, mixers will only find out that they messed up when they're caught and shut down. Only the unaffected mixers have time to adapt and relocate their servers and whatnot. |
|
|
|
But who knows? Perhaps, Blockchain technology would improve to a degree where it's highly inexpensive and scalable for the whole world to use.
If we're talking about scalable blockchains, then we by definition talk about centralized networks. The downside of Bitcoin and Ethereum is that on-chain scaling is just not a viable option moving forward, especially with the number of transactions they already generate on a daily basis, hence the reason that both are working towards a future where second layers will be where most of the transactional activity will take place. If we're talking about scalable blockchains/networks within crypto, then EOS pops up, TRON, XRP. They have already shown that the speed and cost of transacting is not a problem, mainly because they don't aim to be decentralized. Not being decentralized grants you the freedom to scale into oblivion, and that's what these networks will do if the demand asks for it. Goverments will most likely follow the governance model of EOS and tweak certain aspects for even more control. |
|
|
|
|
Show Posts
