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Frankly speaking, No.
Bitcoin can't just become worthless because people support it, even some countries has legalized bitcoin as legal payment method.
The amount of money that has been invested to support bitcoin environment (mining farms and exchanges) over Millions of Dollars just to make sure, bitcoin still in circulation and can be used worldwide. The underlying technology of bitcoin is a perfect solution as a better monetary system, it can't be hacked or change the blocks. After scale problem resolved, it will start to rise again.
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Indeed, bitcoin users can't avoid taxes if they are using exchanges to trade cryptocurrencies. Coinbase can't do nothing about it, since their business based in the US, unless they are moving to another country, but still useless  The way is clear, over-the-counter trading or convert your bitcoin into fiat currency outside the US, or else, just pay the taxes. |
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They sell these pieces of shit like hotcakes, at the price they want to,
This is exactly the problem, demand far outstrips supply so they can get away with anything they want to and still have full order books. It has been this way since ASICs first came out and all the manufacturers have been the same. Until there is more competition in the ASIC miner market things are very unlikely to change. It's inevitable since they are the only market maker for ASICs and be able to driving bcash price to increase as well. I'm wondering about the news of new competitor from Japan that create 7nm chips for bitcoin mining, people really waiting for professional companies to handle this business, not just monopolized by Bitmain which can sell some broken ASICs, literally some scraps. https://news.bitcoin.com/japans-internet-giant-gmo-launching-bitcoin-mining-with-7nm-chips/Japan’s leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing. The company revealed plans to produce and sell 7nm semiconductor chips and run a mining facility in Northern Europe. |
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I have never been close on these predictions so I will just throw out a number (that will be wrong):
$25,000
It's really interesting as you always get into prediction thread and be able to maintain it every year when the time has come, refers to this thread: https://bitcointalk.org/index.php?topic=1734516.0So funny when some people predict it precisely while kwukduck said $37  Back to the topic, Why you choose $25,000? Bitcoin price in South Korea ever reach over $24,000 few months ago, don't you think it will be easy to recover to this price? Current price is $13,890 on preev and $13,965 on coinmarketcap. If wee look at the chart in last year, bitcoin could doubled its price ($2K) in May 2017 and increases significantly in October-December after financial institutions starts accepting bitcoin or at least listed bitcoin in trading futures. The game changer in bitcoin are scale solution be implemented and acceptance such as in Japan and Belarus, after all things set in place, I guess bitcoin can reach $50,000 in January 1 st, 2019. |
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This article, like many others, does not answer the question of when, at last, a lightning network will be introduced into the bitcoin.
Correct. Point is that I am sure the core devs don't even know when it will be ready for actual public use. I strongly hope that we'll be able to use it before the end of 2018, but that might turn out to be wishful thinking. Till that time, we just have to nurse ourself with these articles where LN has been tested successfully. Indeed, all of this development brings so much attention since announced and makes people excited to see how it will be. The most important about the date it will be implemented, it will going through all the drama again? to vote (consensus) whether it will be implemented or not? I'm not so sure about it. But still, it's a good development for bitcoin scale problem and may has different outcome with segwit implementation. |
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I have checked your txid and it seems you paid a low fee (0.0001 BTC) at the time of transactions, even though it will be confirmed faster at the moment. Your transaction already removed/expired, you can see it here: https://www.blocktrail.com/BTC/tx/f8b6d0056be4e886705dd3e6dc2308073f7049d8a6ef826bc93f45efa0613f8eHowever, I don't know what will happen with your bitcoin, I feel the same, my transaction stuck for weeks now. I thought it will be cancelled and my balance on wallet will be back, but it's not. |
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Correct, as IRS stated cryptocurrency as property for the US Federal tax purposes, you will always have to pay the taxes every time you sell cryptocurrency as long as you gain profits, even if it start from an airdrop coin that worth $0 at the time of distribution. A capital gains tax (CGT) is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was greater than the amount realized on the sale. The most common capital gains are realized from the sale of stocks, bonds, precious metals and property. https://en.wikipedia.org/wiki/Capital_gains_tax |
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Currently you have $350 in BTCs, right? When did you buy it? You fear to lose money as the BTC price will probably down soon, so you can sell it now or wait a bit more, when you see the price will down fast, sell it and buy again when the price becomes stable lower than the price we see now.
If you bought the BTCs when they were costing $700-$800 you can make some profit. But if you don't want to sell it, I think the best to do is to continue holding, on long term it's still most probable Bitcoin will have the price increased.
I used to sell a lot of stuff (legally obtained) on different forums in exchange for BTC and managed to earn around $340, in the last few weeks BTC has been rising up and my balance went from $340 to $420. I need to sell it not only because of profit, but because I spent around $80 already and I'm sure the price is going to fall so my losses are gonna be extremely high. I came to the conclusion that I will convert my btc to eth through shapeshift.io, but I don't know anything about its rates so I really don't know how much I should be supposed to get for a specific amount of btc. Actually, if you just fear of missing out, just don't sell your bitcoin, it's not going to fall significantly to $8K because someone says so. If you are fear of losses are gonna be extremely high, yes, just go ahead. But, how about if bitcoin rise to $20K again in the next year? Are you in hurry to get cash or just want to cut the loss and get the profits as long as bitcoin still profitable? If you can wait few weeks, I'm sure bitcoin can recover to $20K again, it just time matter and your patience. |
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they are getting lost every day and since people are dying most of coins they hold are being lost too. I'm talking about long period.  The bitcoin on itself is not going to disappear when people die but what is going to happen is that its going to get [LOST] for eternity and nothing could be done about retrieving it . Yes, Bitcoins can get lost for eternity. And to the OP's point, if all bitcoins were lost due to misplaced private keys then Bitcoin would effectively disappear. But what's this talk about "most of coins they hold are being lost too"? This isn't true at all...you're just spreading the fear, uncertainty, and doubt! Sure, some people will die without leaving instructions on how to retrieve their bitcoins but this is only true for those that hold bitcoin on mobile, hardware, or cold/paper wallet. Bitcoins held on an exchange remain in control of the exchange, so someone's balance at Coinbase won't be lost forever when they die, eventually Coinbase will claim those coins as their own! Indeed, most people are clever enough to leaving instructions about how to access their wallet, going through all process of verification (2fa or password). Especially for people who are elderly or parents, whoever they are, as long as they have family. In some cases, bitcoin will be lost forever if someone suddenly dies such as in cars accident, before he ever tells his family about bitcoin. So, just tell someone that you trust about your wallet just in case something happens. |
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If you already have 2 verified account on 2 different exchanges which allows you to deposit or withdraw a fiat currency, it's possible to do arbitrage trading. But, the most common problem are: Bitcoin transactions require high fees and may takes hours to be confirmed, exchanges has high fees for withdraw fiat currency or send bitcoin. Hence, you need big capital to earn profits.
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It's an old news from October and you can find another here: https://news.bitcoin.com/digital-currency-regulations-iran/ > this article has been published since June 15, 2017. A statement means nothing without implementation, such as the news about some countries which may legalized bitcoin or regulate cryptocurrency but there is nothing as results to become reality, but a country like Belarus without any drama, have legalized cryptocurrency, this is want we're waiting for, not such false promise news. |
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hey guys
i need a clear & technical answer:
How to avoid high bitcoin transaction fees?
i receive 10-20 payment per week , so how to avoid increase of transaction size?
How "transaction size" & Transaction Fees in blockchain work?
Who sends you the payment? it would be best if both party(receiver and sender) used segwit address(fees are cheaper) and decrease the number of inputs(especially this)/outputs. to calculate, how much effect inputs/outputs have on the fees, use this tool(estimatefee.com). This is the best and easy way to do it, until the time has come for lightning network to be implemented on chain. As Op is the one who receive the payment, can you convince the sender to use segwit address as well? It's weird for most big platforms such as exchanges do not use segwit address as their transactions must be the biggest contributor to the mempool. |
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XRP has gain not so much value in the last few days, it just increases from few cents to $1.86, but it's a big number for this altcoin, increase over 35% in the last 24 hour. Look at the circulating supply; 38,739,144,847 XRP which makes the market cap can overtake second position from ethereum.
Since more exchanges listed xrp, it may get more value in the future and surpass eth marketcap. But, how long ripple can hold its position? The correction will come to every coin that has been pumped.
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I did not understand anything... I tried typing as you explained and nothing. The system uses an algorithm which reads about the coins history of mooning and dumping - thus being able to calculate the next Crypto Moon!
So you've already tested to see if it works? Can we do some testing to see if it works? for example you tell me what the coin will have a pump and I will follow to see if this is even possible to predict (I will not invest money in this currency, I will just observe if the coin will have a pump) I don't understand either, is it reliable tool? Most coins which shows will go to the moon are coins that I don't know. I prefer to check the price of altcoins on the market or exchanges, do some research about those coins, especially regarding the development and acceptance in some business or companies, and then invest in a potential coin such as ripple. |
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Which mean localbitcoins and other OTC platform will be banned as well?
Actually, all of the accounts which relate to exchanges require a bank account to make transaction, an exchange can verify customers id by checking their bank accounts which connected to exchanges. AML and KYC are basic things in exchanges, hence, people have to verify their id in case they want to trade in exchanges. In this case, there is no anonymous trading through exchanges, and who want to trade bitcoin without third party (exchange or escrow)?
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Obviously, bitcoin will always reach a higher price over time, especially after bitcoin scale problems be solved.
The rule is; never sell your bitcoin at cheaper price.
Bitcoin predicted may reach at least $500K or even $1 Million, if you want bigger profit, just believe in bitcoin.
What makes it possible? Bitcoin usability as a better monetary system which you can transfer funds wherever you want as easy as sending an email.
Even Japan and Belarus have legalized bitcoin as means of payment, it just time matter until more countries accept bitcoin as a new financial technology.
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Most people use MEW and there are some cases some people claim it got hacked. but I'm wondering; how could that happened? have you ever got into phishing links or something like that? Or, some pro hackers just use super computers to brute force get into your desktop computer while you were online? I'm sorry can't help about that, but more information about how this happened in the first place will be informative and useful for us.
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Bitcoin can reach $20,000 easily if transactions problem regarding high fees and confirmation time be solved.
The last time bitcoin get corrected, it fall down to $11K as the lowest price before rebound back. Hence, I doubt bitcoin can fall below $10K in the next year, not without big countries ban bitcoin. It seems like Nick Colas just predicted it without proper analysis, even though bitcoin almost lost its utility, people still trust bitcoin and keep buying it, look at the development and acceptance of bitcoin in Japan and Belarus.
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There are some projects which develop blockchain technology based on the idea of insurance as well, but insurepal project is something different due to social-proof methodology "an insurance premium based on one’s social endorsements by rewarding diligence", that have patent protection worldwide.
“Social proof is a psychological phenomenon influencing people to take actions and make decisions differently than they would if they had relied solely upon their own judgment. In other words, people reference the behavior of others to guide their own behavior.”
I would like to ask about insurepal, written on whitepaper: premium $99 and coverage $10.000, what does this mean?
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Do You think that at some point in our society, Cryptocurrency will be our daily fiat and be an essential part of our economy? Can you cite your ideas on how Cryptocurrency change our Fiat?
I'm not sure of it as bitcoin struggle to reach scale solution, this problem has been discussing for years but can't be solved so far. Bitcoin as medium of exchange or means of payment can be achieved if scale problem already solved and the governments legalized bitcoin as legal payment method such as in Japan and Belarus, in these countries people can easily spend bitcoin everywhere, even to pay bills as well. |
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