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881  Bitcoin / Bitcoin Discussion / Re: Reason Behind Bitcoin’s Price Crash Revealed on: September 25, 2018, 06:43:55 AM
Early investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017.

Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/

Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.
So, this is some question i want to ask;
1. How can IRS make a conclusion thay cryptos is a property? And how much power the IRS is to defined it?
2. Even if this true. How to track all transcation from 3-4 years ago and get their identity with decentralized system? Using what punishment?
We talk about investors globally, i do not think it is possible. Added with different tax regulation in some country.
Please share your thoughts

I agree with the points that you made. The fact is that the IRS cannot track every single cryptocurrency related transaction due to the anonymous nature of this market no matter how much manpower they possess at the end of the day.

It is quite obvious that the primary reason for Bitcoin crashing in price is due to the fact that many investors were simply pulling out their profits due to the bans imposed by several countries scaring them and spreading fear.
882  Bitcoin / Bitcoin Discussion / Re: WHY ARE PEOPLE STILL CONDEMNING BITCOINS on: September 23, 2018, 06:35:35 AM
BItcoin is getting better and popular. As a matter of fact, so many gaint companies and industries are chipping in bitcoin and its activities into the operation.
It might interest you note than Mercedes Benz, BMW, Samsung, TECHNO and APPLE are all accepting bitcoins for their products.

Bitcoin is growing stronger, lets forget about the red on the market. WE WILL SEE GREEN SOON AND IT WILL BE ALL SMILES.

I'm not really sure those big companies are already accepting bitcoins as payment. My recent memory says that Samsung acceptance was fake news after all. Perhaps those giant companies will take advantage of Blockchain Technology though. We might see them accepting crypto, but not today or even not ever because of bitcoin's price volatility.

The owner of bitconnect.com got arrested in India for $13 billion ponzi scheme using bitcoins. Rich Scammers are using bitcoins for ponzis and illegal activities

Just one bit of the puzzle as to why governments are totally against crypto.

I partially agree with you. It is true that the major companies like Samsung are loving the blockchain technology and are not necessarily fans of the cryptocurrency market overall, but this certainly does not mean that all companies are doing the same thing.

For example, many institutional investors are genuinely interested in investing into this market, but they want a secure medium to do so which is why the upcoming ETF proposal is being hyped up so much.
883  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Mass adoption on: September 21, 2018, 06:10:11 AM
Usually mass adoption only happens when the "lords of the world" start promoting it ostensibly. I believe to think it in large scale considering only individual efforts is a daydream. Businessmen (little, medium, big ones...) can adopt the currency and incentive their customers to adopt too and they may be successful on it, but it doesn't mean the mass adoption will happen.

The masses will come when the governments tell them to do this... And it will only happen when Crypto reach to a safe centralized stage. I don't think it's good, but that is how the masses work.

I agree. This is one of the best way to help cryptocurrencies go mainstream. Governments, celebrities and other big shots can easily help promote cryptocurrencies which could be mutually beneficial since they end up earning massive profits while cryptocurrencies rise in popularity thanks to their actions. Mass adoption of cryptocurrencies is truly difficult due to the extreme volatility of this market which is why this is one of the most effective ways overall as you stated.
884  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcointalk rank down on: September 20, 2018, 05:38:44 AM
The bounty bitcointalk rank was very important. But now a lot of rank down. Will it be an issue for the current bounty? We do not have the means to appreciate. Many of us are caught up in a problem because of the merit issue. If you can get the best out of the way, you can help others learn the best. There's been a lot of bounty coming from here. plz help.

Of course, it will be an issue for you newbies for the reason you're going to be nuked from your current campaigns and if you're not that confident about yourself getting on a higher rank then it's time to say goodbye son.
Being here foe bounties is considered as a sin, forum is meant for discussion not for bounties. These things are just some subs or an additional feature for the forum not for the people entirely.

It is true that newbies will be excluded from bounty campaigns, but participating in bounties is not a sin. Lol. What makes you think that participating in bounties is bad for the forum?

The fact is that shit posting is considered a bad thing which is usually done by low ranked members in this forum and the new rule is meant to help alleviate this problem to an extent.

No one is discouraged from participating in bounties in this forum, but constructive posts are what matter at the end of the day.
885  Bitcoin / Bitcoin Discussion / Re: I wish! I wish!! I wish!!! Stop always wishing You bought Bitcoin in 2009. on: September 18, 2018, 06:21:26 AM
Honestly, there is absolutely nothing wrong with wishing that we could go back to 2009 in order to purchase Bitcoin at its crazy low price since almost everyone love to dream and who doesn't dream on becoming a millionaire through crypto?

I have thought on multiple occasions about inventing a time travel machine like the Delorean( Grin) and travelling back to 2009 in order to purchase some Bitcoins and retire happily in the future.

As some famous people say, there is no limit to dreaming and no one can place a limit on your dreams except for yourself.
886  Bitcoin / Bitcoin Discussion / Re: Stop being pessimistic. The potential of bitcoin is still immense! on: September 17, 2018, 06:05:15 AM
There's too many newbies on board yet. The hate for bitcoin must be real, we need to see all the casuals that entered in the last FOMO season out, because these guys aren't thinking rationally, they don't understand the fundamentals and they don't therefore understand the inherent value of bitcoin.

Of course bitcoin is insanely tiny compared to what it is and where it should be. I mean Jeff Bezos' fortune is bigger than bitcoin, how stupid one would need to be to not see how insanely undervalued bitcoin is? very, and these are exactly the type of people we need to see dumping. Once they are all out we'll go for a new all time high as the smart people that see these facts are waiting for that to happen to enter the market.

The fact is that we need both strong and weak hands to help support this market because the weak hands outnumber the strong hands by a big margin. More and more people need to continue investing into this market to help it grow. We have no idea when the market will explode again, but all we can do is encourage others to check out this market and see if they like it. Bitcoin adoption will continue to increase with time which is why I am not really concerned about this honestly.
887  Economy / Speculation / Re: Bitcointalk and CMC continue to lose influence over cryptomarket on: September 15, 2018, 06:17:50 AM
Let's see :
1. Bitcointalk dominated by spammer and outdated to most cryptocurrency forum/community website. Bitcoin price crash after reach $20K and merit introduction made few spammer left.
2. Coinmarketcap have bad reputation since they accept advertising coins/ICOs many times which are scam/ponzi such as Bitconnect and there's rumor they intentionally manipulate market cap/volume for minor altcoin

So no wonder both website traffic went down, but there's almost no correlation between traffic of those website and Bitcoin price/value. Bticoin's technology, adaption, legality and ease to use/obtain it are more relevant.

I partially agree with you here. It is true that coinmarketcap is not the best site to trust when it comes to cryptocurrency market values, but it is still one of the best websites related to the crypto market.

The merit has helped in decreasing the spam in this forum in a small way so far, but spammers will always find a way. I do agree with the part where you say that there is no direct correlation between Bitcointalk, CMC and the market values though.
888  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH pump in all exchanges on: September 14, 2018, 06:00:12 AM
It's strange why ETH still costs so little, maybe the rich uncles are very noble, because from my point of view ETH will cost about $ 3000 but then it's a matter of time and probably luck because we can only guess.
Are you serious buddy? That is way too optimistic in my opinion. Look at the entire market for crying out loud. Everything is basically crashing and it seems like majority of the cryptocurrencies will simply disappear(Useless coins disappearing is not a bad thing).

At the moment, I have full confidence only in Bitcoin while I still do have a stack of ETH, Stellar, Ripple and Dash which I am HODLING for the long term.
889  Economy / Services / Re: [CFNP] Merit.me Signature Campaign | Full Members+ | Earn up to 0.0125BTC/Week on: September 13, 2018, 09:35:14 AM
Received my payment too. Thanks merit team and Hhampuz and am looking forward to working with you in the future.
890  Economy / Speculation / Re: Bitcoin in going down, is it bad...? on: September 13, 2018, 05:47:58 AM
Are you serious op? What kind of a question is this? Do you honestly expect an accurate answer from any investor in this market? You need to think clearly before asking such questions. What if I would have asked whether Bitcoin would rise or fall when you purchased Bitcoin at $3k several years ago? What would your answer be op? Honestly, there is no point speculating in such an extremely volatile cryptocurrency market.
891  Other / Beginners & Help / Re: Are the bitcoin faucets no longer worth it? on: September 13, 2018, 05:42:37 AM
No I don't think they are worth it, they're referred to as micro-earnings for a reason. I guess if you honestly have nothing else to do it's something but doesn't seem worth the effort.

 I wasn't around when faucets were big. IIRC they were meant to be a way to help push adoption and bring people to bitcoin in a risk free way. It was a beginners tool, you earned free BTC and could then practice sending transactions, creating wallets. Any that still exist now I would expect to be sending out very small amounts for the same purpose as the originals, remember it's essentially a charity for knowledge.

The few I have seen now though I think are usually geared as a promotion for a website, or casino. So they come with their own agendas.
I agree. They are absolutely not worth it. Are you planning on earning a few cents per hour op? This is how much most faucets pay out these days. There are a few faucets that pay big amounts through lotteries, but everyone knows how lotteries work.

I suggest going outside and looking for a real job rather than depending on faucets due to the low pay per hour op.

Your statement that faucets were designed to help conduct crypto transactions makes complete sense and I had honestly done the same during my initial days in the crypto world.
892  Bitcoin / Bitcoin Discussion / Re: Crypto Giant Huobi Partners Singapore Trade Union to Promote Blockchain Skills on: September 12, 2018, 06:13:59 AM
I am observing many governments express interest in the technology behind Bitcoin(blockchain etc) which is a good thing, but what everyone is forgetting is that majority of these governments actively stand against the cryptocurrency market which is not great for this market in the long run.

The governments need to realize the potential of Bitcoin and popular altcoins like Ethereum, Ripple, Litecoin, Dash etc and accept them instead of standing against them.
893  Bitcoin / Bitcoin Discussion / Re: Bitcoin holders will betray bitcoin one day on: September 12, 2018, 06:11:05 AM
The crypto market is profit driven. The loyalty is directly proportional to the potential profit a coin can generate. So bitcoin is no exception here. I am a long time holder of bitcoin. I didn't sell off my holdings when the price was at 21k. I am not ready to sell of my holdings today as well. Because I belive there is potential.

The moment I stop believing that the potential is not anymore present in bitcoin. I will loose my interest in holding and sell of my reserve. So when someone says they are loyal to bitcoin not because of the potential profit but for the technology, I laugh silently. Till the time potential for profit is there, people will love even the technology. The moment all potential is gone, people will not think twice before dumping it. That's how the world crypto economy works.
You stole the words right out of my mouth. This is exactly what I was thinking which is why I find it hilarious when so many investors actually preach in such a big way when they themselves happily sell their coins and tokens without thinking for a second when their portfolio value increases in a small or big way. Its all about the money at the end of the day, but I do appreciate the technology behind Bitcoin and I like what crypto is trying to achieve in this world.
894  Bitcoin / Bitcoin Discussion / Re: Hodlers are unscrupulous parasites. Here's why on: September 11, 2018, 06:22:12 AM
It is easy to discredit the HODLERS of Bitcoin or any other altcoin like Ethereum, Litecoin, Stellar etc for that matter, but they are much better when compared to the weak hands at the end of the day op.

You do realize that Bitcoin is not exactly stable and is prone to extreme fluctuations, don't you? This is not exactly the ideal payment method at the moment which is why the volatility needs to go down over time so that Bitcoin is treated as an ideal payment method.

The HODLERS deserve their profits since they are HODLING their coins and tokens through positive and negative situations which is not easy to accomplish in this market.
895  Bitcoin / Bitcoin Discussion / Re: How do I find the Next Big thing like Bitcoin? on: September 11, 2018, 06:07:19 AM
How do I determine and invest in something which can turn on in the coming years.Like a person who invested in Bitcoin in 2009(when Bitcoin was less known and popular) had received a huge appreciation in coming years.How to sense and identify that Next Big thing?

It is all right if you arrived a little late for as long as you can still join comfortably. I also came a bit late but I still made a considerable profit from Bitcoin. The train still has a lot of space available. Everyone can still hop on at this point and become richer in the years to come. I think you should not exert much effort in looking for the next big thing. Bitcoin, Ethereum, Cardano, Waves, etc. may be big from our perspective right now but they are getting bigger and bigger still.

Exactly. Most people tend to think that the ride is done and that Bitcoin has already breached the ceiling when the fact of the matter is that no one really knows what the true ceiling is for Bitcoin or any other altcoin for that matter.

I stepped into the cryptocurrency market last year during the boom and made considerable profits myself, but I always think how my life would have been if I had discovered Bitcoin during its early stages.

Don't worry too much about the future and focus on the present people. Jump into this amazing world if you are willing to take the risk.
896  Bitcoin / Bitcoin Discussion / Re: Vitalik Buterin: Crypto, Blockchain Space Won’t See ‘1,000-Times Growth’ Again on: September 10, 2018, 05:58:41 AM
We don't need 1000%! A 500% would still be a great rise. If such a thing would happen every single coin would establish a new ATH. Wouldn't that be great? 1000% is just greedy. Vitalik is acting really bearish but if my coin would lose so much value as ETH did I'd be even more bearish than him.

He didn't say 1000%, which is 11 times growth, he said 1000 times growth, which is 99900% increase. He's right here, we won't see 6 milllion dollar price for Bitcoin, maybe our grand-grand kids will. But the part about “real applications of real economic activity”, is a bit more tricky - coins outside of Bitcoin, ETH, LTC, DOGE have very little actual users, even all these flashy coins that claim to be Ethereum killers barely have any users. But at the same time, most Ethereum users are just people trying to get rich quick with ICO's. So, Bitcoin is unsurprisingly the coin that fits his words the best, especially with Lightning Network being a very real thing already.
I agree with you. I like Vitalik, but I strongly believe that Bitcoin will survive no matter what while all remaining coins and tokens including Ethereum may or may not survive in the long run no matter what he says. I have a stack of ETH, LTC, DOGE, Stellar etc which I am waiting to sell once they rise again in the near future and I will only focus on primarily HODLING Bitcoin over the long term.
897  Bitcoin / Bitcoin Discussion / Re: DO PEOPLE STILL HAVE CONFIDENCE IN BITCOIN? on: September 10, 2018, 05:55:32 AM
i and the majority have not lost confidence in the market
2016: >300
2017: >900
2018: >5,800
proves market confidence so far
right now the community is not at a loss of confidence. or a growth of fear.. the community is at a 'no innovative, excitement happening' period (nothing to hype)


where the fear is/reduced confidence will be, is in the utility of bitcoin dropping

this can affect things as a snowball effect in the future, which can effect the speculative volatility of the market price. if bitcoin has no utility, then even with scarcity. people wont want it. and so there wont be as much push. in the end the only market movers will be the miners, which if they decide to move a few rigs over to other coins. hashrates wont rise and the remaining miners can get more rewards regularly, thus reducing their costs and increasing their rewards meaning they can sell for less.

so its important that bitcoin NETWORK (not side services/networks, not drama, not emotion) but bitcoins blockchain re-innovates otherwise the hype of bitcoin being "the greatest" dies. which then snowballs.
Exactly. Why do so many people tend to forget that the king of the cryptocurrency market has grown in a big way over time? I am confident that it will most likely continue to grow over time due to various factors like the integration of the lightning network etc.

In my eyes, the only cryptocurrency that I strongly believe in is Bitcoin and I feel that every altcoin including Ethereum could disappear at any point of time in the future. Bitcoin might be the lone survivor in the long run.
898  Bitcoin / Bitcoin Discussion / Re: BT 1 and ET 1 (ETNs) Suspended by the SEC on: September 10, 2018, 05:52:17 AM
Hah!

So it is another bowling pin down!

This is almost like a fun game for the SEC.

And there I was thinking they are seriously considering CBOE xD

Now, AFAIK, this is just to play with the market and test investor confidence.
Nothing surprising about this. SEC have been rejecting ETFs from quite sometime stating that it is for the greater good which is why I am pretty confident that they might end up rejecting the big proposal which is riding on huge expectations in the cryptocurrency community.

The fact of the matter is that this year has been horrible for cryptocurrencies so far and I don't think this will change for the remainder of this year unless something monumental happens(The upcoming ETF proposal actually gets approved etc).
899  Alternate cryptocurrencies / Altcoin Discussion / Re: Cardano vs. Ethereum on: September 09, 2018, 06:30:46 AM
Based on what I have learnt about Cardano, it does seem like a legit cryptocurrency with great long term prospects, but it needs to grow in popularity if it ever wishes to challenge Ethereum and I doubt this will happen anytime soon especially due to the prevailing market conditions which has backed every single coin and token in the crypto market into a corner.

Cardano needs to be adopted on a bigger scale in order to compete with Ethereum in my opinion.
900  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH falls !! on: September 09, 2018, 06:27:33 AM
Take your tour and vacation now, the market hasn't been so good for ETH holders.

But before taking your vacation, have you ever bought ETH under $200? if you haven't done it you better start buying it. Don't forget about bitcoin as its down by -4.05% today and that's a good buy as well. Most of the crypto's are down now and they became cheaper.
I agree. This is clearly a horrible time for ETH investors. I personally possess a small stack of Ethereum since I am a Bitcoin HODLER myself and am sad to see the sudden drop in value of the entire cryptocurrency market. Based on what I am observing, I think that the entire market could reach pre-2017 market levels by the end of this year unless something huge happens like the approval of the ETF proposal which could potentially trigger a bull market.
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