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Just chose between Trezor and Nano Ledger S and your worries will be over. I'd prefer the Ledger because it is supporting more coins.
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This means most of the people has stopped to trade, waiting to understand if the price is heading upwards or downwards. As soon as it takes a clear direction, I'm expecting the fees to increase again.
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Every time the whales play their game and crash the price to re-buy cheaper, it seems that the game is over. Let's see if also this time Bitcoin will then rise to new heights after that game is complete.
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Lol, dont even get into that, you will get caught out in the end. I am self employed and I declare every penny I make Its just not worth trying to launder money
I recommend not laundering money as well, always be legal guys. But you must consider this too: When governments make bitcoin illegal (and they will sooner or later) they will ask people to deposit their bitcoins on the government's hands, just like they asked for people to put gold into the government's hands in 1933. The difference is gold does not have a blockchain, but bitcoin has, so if you declared your bitcoin, you are already on the list of "person that owns bitcoin" so you will be the first to get a letter by the government asking you to give them all of your btc. Consider that. Exactly. There will probably be one day in which you will be allowed to have a wallet only if it is associated to you personally. Since majority of the people will comply, all the others will be discovered because of the transparency of the blockchain history of transactions. |
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I hope not, when the banks will start to take Bitcoin seriously expect all the Western the governments to suddenly outlaw Bitcoin!
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If you don't have just "dust" of Bitcoins, I really recommend you to get yourself a hardware wallet, like Trezor or Nano Ledger S. It doesn't matter how much you pay attention, you could always make a mistake, and a virus or a trojan or whatever could steal your Bitcoins. With a hardware wallet you are protected against this risk. Otherwise do yourself a cold storage wallet. You will find information online on how to do that.
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Which is the reason of such a meteoric success of Binance? There are so many other exchanges out there, what makes Binance so special that everyone wants to get inside?
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This is a quite intriguing project. Do you plan any bounty campaign to promote it within the community of cryptocurrency enthusiasts and outside?
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This crackdown by institutions on cryptocurrencies is indeed worrying. I don't think this will mean their end, but it could lead to an ice age with much lower prices.
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This is basically the main problem the whole world of cryptocurrencies is facing. It is a giant casino now, which is what produces this volatility. This will be always a problem for a serious adoption of cryptos as actual money.
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BCH has such a value just because of the hype it has been created before, during and after the fork. There are far better improvements of Bitcoin out there, like Bitcore (BTX) which has done a little known "soft" fork of Bitcoin.
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I dont have my own family and i dont own property. I'm in my 20s. So quite fortunate in that aspect.
I will look further into this, sounds like I could just move to Denmark or such a place with my EU citizenship for 6 months and cash out afterwards. Very doable.
I didn't know about Denmark, is it 100% sure they don't tax gains from selling Bitcoin? I've also heard that capital gains are not taxed in Switzerland, but it is probably difficult to take your residence there. |
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There has been the news recently that VISA has revoked some license or whatever to companies which were issuing cards that allowed to spend cryptocurrencies, if I have got it right. Is it a risk that could affect also the Cointed project?
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Every time a value is created without someone having done a reasonable work for that, that value has been created out of thin air. If you make a fork of Bitcoin and call it Bitcoin Cash or whatever, here you have suddenly billions of $ of value created out of thin air.
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The house is not enough. I would warmly advise you to mortgage also your wife and your children and one of your kidneys, what could possibly go wrong?  |
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Our civilization is likely not to last another 100 years, for so many reasons that it makes no sense to list here. So I guess Bitcoin has even less chances to survive. Unless Skynet takes over the world and it uses Bitcoin to handle its internal economy  |
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Let's say that without the Lightning Network Bitcoin would have been sentenced to death, since it has basically become unusable. I also guess that once it will start to work properly as it should, the price of BTC may again start to rise.
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#JOIN
Bitcointalk username: WhaleHunter
Forum rank: Member
Posts count: 97
ETH address: 0x62d6D017F3685FA64E5D416DC0A588055a4706C0
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Bitcoin as a payment system is not feasible at the moment - too high the fees and too volatile the currency. I guess we will have other cryptocurrencies in the future as payment systems. Bitcoin is now only a store of value.
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If you have a Nano Ledger or a Trezor, you can leave instructions on how to extract the coins there. This is probably the safest way to do that. Unless you die without having prepared yourself for that.
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