I pay enough tax already outside the crypto field, so I am definitely not letting to government eat off any of my crypto holdings. The downside of this is that my freedom to have it converted back to fiat gets drastically limited by doing so. It doesn't mean that I can't have it sent to my bank account, but these bastards register and report everything, which is forming quite an obstacle. Good thing however is that I am not a fiat centric person, which means that I gladly keep holding on to my coins for plenty of more years, just like I have always been doing. Don't get me wrong, I don't mind paying tax, but it has to be reasonable and limited - it's pure theft to require people to have them pay tax endlessly over the same amount of money.
It's a system based on debt that will drain your wealth bit by bit throughout the years till you have nothing left. Seriously, the majority of people only see their wealth shrink and shrink, where they will end up broke at whatever point in time. I am glad that Bitcoin allows me to outrule this poverty stimulating rubbish system.
We are the same I'm no a fiat centric person too which I don't really even have the transactions on converting my crypto coins into cash but same as being said you will still end up on being traced specially when there are transactions happening into your own bank account which you would really be question related to that.This is why when I do tend to cash out some I do only get some money which isn't really alarming or doesn't really caught their attention.Paying off taxes on my regular job would really be already sufficient. |
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The exchange ignores the problems
When we have read that they aren't ignoring all of the existing problems on their exchange? All of the concerns of their customers/traders that are addressed where all rejected and ignored. At the moment twitter is filled up with complaints.
Stay also at the scam accusations board, you'll see not few but many complains about how terrible they are. I'm quiet surprised that there still people who eventually got shocked regarding on this matter talking about Yobit exchange. Talking about complaints then this would be the record breaking exchange which do have lots of recent issue up to these days. Support do really sucks which they wont really respond on the tickets been made or the issues been addressed. Don't mind on getting some words from them. |
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This is the way that the world is going. It was only a matter of time as I don't believe the governments and banks want to see up making money if they cannot regulate it. In the end I believe KYC is a method to thwart money laundering and tax evasion. You can opt not to participate by not being in ICOs.
We do really have our own free will on such situations either we join up or not.It is not actually the solution or the method to thwart money laundering or any other issues attached to it Problems cant really be solved but they do make alibis on making it as a requirement.They are being controlled too which means they will follow on what has been ordered and if you do invest you will comply those things. |
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If I make money on crypto currencies. How do I avoid as much tax as possible?
Bitcoin is a currency, not some solution to avoid paying taxes. The moment when people start using Bitcoin or any other Crypto currency as a method to avoid paying taxes, then the government will step in and ban it. I would much rather pay the taxes and be done with it, than sleeping with open eyes, waiting for the Police to raid my house in the middle of the night. That is no way to live your life... rather pay those taxes.  I don't know why do people bother themselves on thinking that cryptocurrencies is the best way to avoid taxes.Just like being said this is not being created for solely on avoiding taxes but somehow it do have the features which you can actually do this thing but for a sensible citizen of a certain place you would really need to pay taxes.If you would really avoid and then suddenly being caught by them then fore sure you would end up behind bars. |
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Deceptions by good dictators always capture the interest of listeners especially if the listeners are either greedy or illiterate to understand and review about the specific cloud mining site. They could not learn unless they have tried it. losing is learning and more complains come out and does appear everywhere that this and those are scams. Initiators of this kind of Ponzi scheme should be blame 70% and 30% for devs. I think FBI should focus in this kind of issue too.
Theres no need to impose percentage to be blamed off which I do believe devs would really have that 100%. If there were no creators then there would be no initiators and also the one who do initiate is always been part of the team.Talking about on arresting them then there would be only slim chances but yet theres still possibility depending on the traces been left by those scammers. This cycle would really continue no matter what as long there are noobs who do invest on these things. |
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After all these negative news regarding on crypto adoption. At last I have heard some positive news. Thanks for the link brother.I do still believe that no matter how many countries would see negative to cryptos but yet theres still some countries which do consider and do see its positive side on adopting it. Hopefully this would be an eye opener for some countries which are still on neutral phase regarding on their view on this cryptoworld. |
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Hmm. And why should I get a reward in tokens. I want $
You can get it on the exchange  Thus, it is bitcointalk, people are interested in cryptocurrency how much do they pay? Like how many tokens in the amount of $? This is cryptocurrency world which its normal to think off that most of them will surely pay you out on token form. If you are an investor on their ICO then expect you would get tokens out for those $$$$ you have invested to.If you are a bounty hunter then you would really receive on tokens too and talking about payout then theres no fixed on usd form on how much they would allocate and come to think off that their prices wont still be on how much estimated once it do hit on exchanges. Making a project successful would really be depending on how good your project is and once community do see that potential then expect for it to succeed. thnx alot for your time. One more thing. So if theres a bounty campain as i read. So if they give you 1000 tokens and their token is siting on 0.1 $ what should i do? trade them right away or ? I mean ..when ever an ico gets in the market their token value gets high always? Not all the time that a coin would retain its ICO price once they do hit on exchange because there are instances that it would go even lower.Trading them up would be your choice because you will able to re-roll the the tokens you are holding but If I were you I would decide to sell it out and make use the profits to buy another altcoins in the market or just plan to save them and accumulate for more bigger bankroll to be traded soon. |
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I've sent a few ELLA from myellawallet to cryptopia but never arrived to the cryptopia.. It's been 3 weeks since then. And support doesn't return my tickets. Any advice? I'm a poor miner guy  I cant deny the thing that Cryptopia support isn't really good at all but talking on their service I don't experience any problem in regards on depositing coins to the site.Just make it sure you have inputted the right address and do put transactions fees. If not then you would really face issues. Some of coins would really need to have longer confirmations. Just wait up for it to credit if not then theres no other choice but to wait up for their reply. |
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Sure we can use it as Freeman. I mean you can go and have the whole blockchain working for you if you can code in good way. With the help of blockchain you create your own banking system that will transact with your own set of rules. You can have your own bank which is decentralised. I'm not talking about the ICO Which work like that but physical working bank. It will work.
See it's simple, blockchain without crypto will work surely. In best possible way but its up to us how we use it.
Blockchain can be used to maintain universal accounting books where each transaction is stored in chronological order.However, there are applications in a variety of spheres - real estate transactions, copyright for music and books, tracking food supplies or raw materials entering the finished product and what not! Different variety would really be there but doesn't really matter at all because anything can really be organized which such new innovation. Using blockchain without cryptocurrency can really stand up on his own since this is the technology which do store up data and transfer it on an organized and very fast way which there are lots of governments do already see this stuff which would really have the high chance to be adopted. |
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It may seem high but I think the total marketcap will exceed 5 trillion this year, so if you do the calculations well the poll is valid
Bitcoin in 2018 will have about 17 million coins, about 100 million for Ethereum and about 38.7 billion for Ripple
Bitcoin 60000 $ x 17 > 1 trillion $
Ethereum 10000 $ x 100 = 1 trillion $
Ripple 30 $ x 38.7 > 1 trillion $
And remember that if Bitcoin reaches $ 40,000 and Ethereum also comes in at 0.25Btc (only 150% from today), it will then be $ 10,000; the same can be true for Ripple at 0.00075Btc (only 600% from today) it will be at 30 $.
What do you think about it?
Anything is possible on this crypto market which marketcap can reach up new heights but talking on the numbers you are preferring here to then I would say its a little bit exaggerated to have those assumptions. That would be too much to consider and 1 trillion market cap wont really be a simple thing to achieve and how much more since we are talking how many trillions here. Ripple? I would say it wont last in my own view and why consider that coin by the way? |
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I have the fund of 2000$ which I want to invest somewhere.
I thought building new project is a good idea.
I am not a developer that's why I cannot start by myself.
I am looking for the developer. Who can work with me. We both will build the new project. Profit will shared by both of us.
PM me if you have Idea or want to work with me.
I started one gambling/Dice site but it was failed.
Having that kind of initial investment wont really put you into something, not to discourage you but it wont really be sufficient enough for you to find possible partners into what project you do plan off. $2k might be big for some people but this amount isn't really enough on building projects which you do expect that would give you good returns. Even on small projects this amount is not enough. Better to keep and save up even more higher than that then come back again when you accumulate enough. |
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I have joined several telegram signal channel for signals. all are free signal channels. I followed their signal time. most of signals they give us after the pump. time different is about one minutes oh two. but they always tell they are success. lot of newbie traders have lost of this tricks. I think some experienced traders know about this..? please help me with this..?
Giving free signals are never what they really want to do. Their motives is always to get people convinced that they are giving them profits that is actually signals that are given a minute after the altcoin's pump and then posting the premium signals for a ridiculous fee of BTC.10. Majority of groups just want huge number of people in their signals so that they can greed them by showing some signals and convince them to purchase their services . Also just check whenever they give signals the price will always be above of their levels and then they claim target achieved etc . no not all because me myself had also a member of some pump and dump group , as what i notice they are only giving signals for free and wont beg for a return like for example selling their service not unless it is a premium group. but overall those of their signals arent really accurate as cryptos are really unpredictable but some premium group had actually involved a whale so that they can easily manipulate the market and give accurate results to their members. I do believe there are really some premium groups when it comes into trading signals but not totally reliable anytime on doing trading. Even on those free groups I don't have the plans on joining with the ride because most of them wont really give you the exact signal or just lying out false announcements regarding on the movement you would take either buy or sell but actually they did bought already the coins which it do end up on losing money. Don't trust anything, just be observant on how they do behave and do make such movements. |
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This problem is the reason why we should check where the exchanges located (the address) and who is the owner? But, most exchanges do not provide this information, so how could we trust them? Just based on others experience, right? In this case, the problem regarding exchanges service going bad or even just gone offline such as CoinExchange will always occur and repeated. I prefer to use local exchange in my country as it's easier to access the site or even visit the headquarter and meet the owner.
An address doesn't say anything, and the owners names neither. MtGox has been the perfect example of how a (at that time) well established exchange still screwed people and the entire market over, years ago. It's a sensitive piece of Bitcoin history, but one that remains functioning as a red flag trigger of how every exchange potentially may end up in the far future. As long as people use centralized exchanges, it remains a danger. Local exchanges are more easy to approach in most cases, but when greed strikes, and the operator sees a quick and easy money making opportunity, it will be done, that's pretty much a guarantee. In other words, don't trust too much on location and who's behind what exchange. When it comes to exchanges there are no guarantees, just a few days ago there was another hack, and hundreds of millions were lost as a result, leaving your money in an exchange is a risk, this is another advantage for the long term holders, traders have no option but to have their money in exchanges since they want to make profits with their trades but a holder can have all his coins in cold storage where no hacker can access them. Using exchange wallet on keeping your tokens either for long term or short term isn't really a wise move and comparing on storing tokens on cold storages to exchange wallets would be entirely different when it comes to possible risk that might happen ahead.This is why we should really be alert and be smart on handling our coins so that we would somehow avoid the risk on losing them.Even storing them on cold storages wont really make you sure that you wont able to lose it. |
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Hi guys, as many of you already know, many ICOs are asking for passport verification. Is it safe to give pictures of your passport to groups we don't even know well, I mean there is something called passport misuse and identity theft or even using you passport for loans! It is concerning.
Hell No! No matter how good the project is I wont still proceed on participating that ICO which do require any documents specially passport because these kind of ID's is really very personal and shouldn't really be shared or let it to public since there would really be a risk that those information would leak out its either they would be the ones who do use such informations or they are being compromised by hackers and getting all of the passport details have been accumulated and sell out on dark market.You wouldn't even know that your identity is being used up by others. |
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Hi everyone, I am wondering what's your favorite way to cash out from crypto world? I'd like to know your experience and which platform you prefer. Probably one of the easiest methods is to get a bitcoin debit card through an exchange and then use that to deposit bitcoins into your card and then withdrawing from an ATM, or you could request a bank transfer if the exchange has that option. This is one of the possible ways but not all having the opportunity to get a card specially on far away countries. I have tried to use cryptopay because of their VISA card which you can easily reload from your own online wallet directly converted to your card which you can able to use world wide as long it is visa based then its fine but the main issue here is that the card didn't even reach out my residence for almost half a year after that I didn't tend to make use and rather encash them on our local wallet provider which is more convenient. |
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The upcoming February 15 is China's New Year. Many people think that ETH would therefore another wave down, even propaganda to fall to $ 600 $ 700. This is a frightening news. Regardless of whether the news is true, I still believe that because many people sell ETH in exchange for CNY. Cause a little fluctuation, do you think so?
As of today ETH has broken triangle pattern in a 4 hour chart. Looks like a bullish indicator as of now but it completely depends on the BTC movements and FUD less environment. I'm going to see $1500 ethers soon anyway $1300 also looks more doable. This might happen before Chinese New year and some small pullbacks before new year probably 3 - 4 days before that. If we do base on Technical analysis then we would really able to see bullish trend on 4 hours time frame but not totally clear on 1 day TF. When we do put up fibonnaci then those ranges is really achievable but asking for a Fud less environment wont really be possible. Anytime there would be news that would affect the market.It might be an independent market compared to bitcoin but it would really be entirely be affected depending on the news surrounding around crypto market. |
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I've stopped trying to link any exchange or wallet with my bank account, first and last time I've tried was with kraken as EU based, funny enough they were taking 40e fee for countries that aren't in European Union.
I'd suggest you not to try anything like that in the near future and just use localbitcoins or maybe even sell anything you need here on the forum.
Also, if you're planing on getting any ETH based tokens or anything other than BTC,BCH or ETH, you might want to look for a nother wallet.
Same experience which I don't really decide to make such mistake again. For now I don't have any plans on linking any of my bank account because of such thing which it is more better to do p2p or any other ways which is different from bank transactions. Charges would really be there and you should really expect that thing. If you do try out to seek out other ways theres lots actually. |
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I've emailed YoBit over 3 weeks ago now, and they've yet to respond to my initial email.
I asked to delete my account since I didn't have any use for this exchange; I've got other exchanges that I'd rather use.
Is there anyway to delete a YoBit account without contacting support?
Why would bother yourself into this issue? since you can simply just leave it there since you don't use it anymore then just let them to delete it because of inactivity. As long theres no funds inside of those accounts then it should be fine and don't make this a problem because it isn't really a problem at all. There no need to delete if you aren't using it after all. Don't expect that yobit will really fast on responding on your email because this is the most common issue of yobit exchange which they do really have worst support ever. |
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How old is the person you're talking about? If he's an adult, I don't really see how his family could really stop him from gambling with his own money. It's understandable though that they're trying to prevent him make the same mistakes as his uncle, but if he's older than 21 they can't. I'm not really sure if an addictive personality is hereditary, but I've found one source that says it is. So he might be smart to abstain from gambling. Source: http://learn.genetics.utah.edu/content/addiction/genes/In the end, it's really up to him if he want to roll the dice on becoming addicted or not, seems like he would have an increased chance of that happening. I didn't even expect that addictive personality can be passed on into younger generations.The actions been made by his family isn't bad at all because they are just preventing to lose up even more money not only on money matter but also they are really avoiding on getting addicted because it is much more a serious problem if this thing attached to yourself but I do believe that it is really just matter on ones personality if you do able yourself got hooked into it. No one can able to control yourself no matter how hard they would try to avoid. |
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Cryptocurrency and taxes. It is controversial topic. Noone want to pay taxet especially for bitcoin. Now this is a very profitable business and soon the government can introduce taxes on cryptocurrency nevertheless. But we can`t "touch" or "hold" it so in what way cryptocurrency might be taxed?
In my opinion, сryptocurrency may be taxed in the same way as a program or any sale or purchase transaction. Regardless of what you are selling, if you are profiting, you are required to pay tax.
What do you think?
Government might not able to impose taxes directly on transactions being made on crypto or into bitcoin but come to think off that we do make conversions from btc to local fiat which that would be the time government will really impose taxes from us. Why do people afraid of tax? As a citizen its an obligation and others do really strive to evade taxes as they can without even thinking on whats the actual purpose of it. |
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