Isnt there a US state which allows payment of taxes in Bitcoin, think I read that. Its possible the OP question is correct in asking best county ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) As far as countries, Puerto Rico is a US territory not US state and currently it allows a US citizen to reside there and not be liable to federal income taxes. Thats all formalised and possible for people to move there, it could help a small startup to do better. Otherwise I think cheap power would help with mining, generally good infrastructure and internet access would be required. It varies largely on the business type to the startup.
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Tokyo is just one part of Japan and I think its cheaper then London now not sure. Japan overall has a declining population and likely they need growth in their working population for continued success. In theory it shouldnt be a bad place to locate however I dont believe its easy to learn or to integrate exactly and there is a long history of Japan being isolated. I only know of one friend who moved there and its mostly because he is married to a Japanese woman which probably makes a massive difference. Not sure Im clever enough to learn a language like this late in life but my friend teaches English as a job now. (it takes more then money) I wouldn't choose any former soviet union country for a place of permanent residency. Many of them, including Belarus, use different alphabet and have their own local currencies. I'd describe most of those currencies as weak and not the best stores of value.
this thread is ridiculous. for 200,000 dollars i probably wouldn't move to a town 10 miles away i didn't like, let alone a 100% alien country that's also backwards and repressive. there are some real cheapskates out there happy to ruin their life to save a little bit of money. well there is also Puerto Rico which is US territory not a state and is tax free of federal income taxes for US citizens. Quite a few from crypto community operate here now apparently Hello Crypto Currency Experts,
Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.
So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.
The major point to realise here is the profits you have already occured. Its possible the taxman will not recognise you moving after the fact. Going forward you would not pay taxes on your gains after moving to the tax free area but to realise profits from an old holding of Bitcoin, this might still be liable. Speak to a professional accountant is probably best
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Thats BS, it doesnt have to lead to certain addiction. The important thing is to vary habits not continually repeat. So anything can become a negative, like drinking can be fine with a meal or can lead to addiction. Even plain food by itself can become unhealthy if people fail to moderate themselves. Its not just gambling, any part of life can overly negative if left un-adjusted. But whatever people say, this is wrong so it is wrong. No one can make this better by saying anything about it. We all know these gamblers are just earning money that is virtual. They even don’t know how is winning their money. They spend everything in gambling and at the end of day, they just become zero. They never win permanently. Their greed becomes so strong that never let them grow.
This seems to be stating absolutes as a certainty. It is possible to retain some earnings and only gamble part of the winnings. Some do gain from a method of careful controlled risk and formal gameplay. Most of us arent that disciplined and we do not profit, I also think some manage to pull it off.
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Online gambling is much better because you literally can do it at any time, even while sitting on the toilet. You don't have to leave home, care for your outfit or looks. You can do it in pyjamas while eating popcorn and the result will be the same as in a real casino.
Good is a variable here because all those positives you state could also lead to bad habits. Having an informal approach to a game could lead to simple mistakes which snowball into unnecessary losses. I remember watching one program where a mentor brought in candidates for Poker he thought had potential to hit the big time. A large part of his approach was to formalise their work ethic to winning games, so he literally asked them to come in every day in a suit or just smartly dressed and try to form a solid 9-5 thinking to their game. I doubt he kept them absolutely to just one method but sticking to your own rules and having to enter and leave the building to gamble also could be stated as a positive imo and in terms of likely success overall
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To take risks is normal, so I get your analogy to stop gambling is to stop breathing. However the money element doesnt have to be there for that person to continue on with a healthier personality and lifestyle. They will happier overall to avoid the money risk element of gambling. This is my basic advice, a gambler who wants to remove or reduce this part of their life should probably increase their involvement in sports or physical activities where they can replace gambling with an adrenaline and natural high from more active challenges. Exercise in itself produces endorphins and that produces a better feeling then continually gambling. Even from a money point of view, its never best to chase losses as you lose control and will not play your best game so profit is unlikely. Change is good! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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^^ There are good tales going back to ancient greek civilisation about the elements that create wealth. All it takes in terms of a farmers economy is to predict failed harvests and invest in stock that will be worth more later in the autumn then it is now. There can also be an excess harvest and that stock earlier will not be worth more later. Good judgement has to come into play for wealth to be accumulated, it cant ever be easy. I do think people confuse good luck with genuine long term wealth, work and savings. Investment is a gambling
Investment has risk and gambling has risk but I would not say they always equate. Investment has a purpose of storing value with the idea of greater value later. That idea can be wrong and the value lost or reduced. Capitalism is about opportunity not any guarantee, just like the American dream. It was supposed to be about entitlements, there are basic rights but to be rich was not one of them. It cannot work that way as money really only comes from productivity. and efficiency gains to society overall
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If the government of my country decides to hold an ICO, then I will participate in the bounty company of this new promising project.
Thats probably the smartest thing for the young especially to do. Labour is the basic resource which drives any capitalist economy, the smallest measure of time by the hour is what determines a large part of worth and exchangeable value. Venezuela is trying to setup a cryptocurrency for those that dont know. However my government and many in the west have sanctions against this country and I cannot really participate. Effectively the government is trying to bypass Dollar controls and sanctions by using access to crypto to create a market especially based around major buyers for oil. I dont know it'll work but its an interesting project and makes 2018 a very significant year for crypto with this experiment being the most bold and far reaching attempt to monetise via only online digital tokens.
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Is it because of recent changes made in image caching related development on forum or what ? I dont think its a recent change, I've always noticed this happening at least sometimes going back years. It eventually corrects itself and the picture shows up fast as people read the post. I sometimes just put the IMG link below the inline image code and people can just click the link to see instead of waiting. Also a good extension for chrome which will save a ton of time in waiting for pages or links to appear is an app called hoverlinks. I wont link it as there is a few different types but you can hover over any hypertext link and get a preview of the image, the sound or video on that ink without having to load up the entire page that frames the media. Saves alot of time when looking for any resource especially duplicates with various quality and the preview even allows fast forward through a video or for pictures scroll a slideshow or album to check contents as often the page itself can be slow for various factors but the media is waiting immediately.
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He moves in mysterious ways, I just presume the dude is a legend and a genius and that doesnt always go with absolute perfection in every area, we are only human after all. This is the best direction for stability but who knows what comes next in crypto overall, its never a boring market anyhow.
I did notice on some sites they reference a Bitcointalk (ANN or Announcements) thread and of course it points to the old one. Maybe if the network consensus is with development on this thread those links should be pointing to the OP on this the newer BLK thread. Theres always new people coming into crypto, that growth is important and quite a few will come from the big marketcap type listings of the coins, types with details and links given.
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Once Bitcoin cross 10 thousand dollars then we can expect to reach the new all-time high prices like 20 thousand dollars in coming soon we can see this prices in reality
I doubt it will be that simple again second time around. Previous pricing and some holders from the higher prices mean there is greater supply to the market at over 10,000. The first factor on getting past 10,000 is the 200 day average. IF we can hold that line then we need to confirm above it to start forming a positive trend. When bitcoin has a positive trend acknowledged it tends to spread across the market and snowball. How I think we have more brakes this time to rising especially. Right this moment BTC is sideways in a range and needs to expand past that. I would only say buyers and sellers are more evenly matched right now, for a great price rise up past the ceilings I mention above it requires more demand then supply and pressure to rise.
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I think I count 15 reviews here so I'll hold off unless I hear otherwise, in which case I'd be glad to write another if asked and can edit into this post here later ? As far as service fees or cheapest currency to mix, I would think overall that Bitcoin cash would qualify because it has very low mining fees on most places. Depends where you are sending the funds from to mix, I did use LTC myself as where I have a deposit that was cheapest in terms of the withdrawal fee
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Its not bullish till it holds that blue line, a break would also illustrate a harder selloff then normal. The trend just shows a point of significance not that it must bounce at that point. Anyhow before that time we have the credit contraction and tumble in pricing. That seems quite likely to happen with Federal reserve no longer operating QE, some small raising of rates and if they actually stop renewing the debt they buy and just return it to market then that raises market rates quite I think. FED was the largest buyer by far in this last decade, larger then China or Japan which holds 1 tn of US treasurys. If they arent buying and even selling, its a tide change that possibly alters the price of everything that dollar touches. Japan I dont see as a solid pair of hands btw, how long can they justify holding a depreciating asset while also being greatly or even greater debt themselves I dont understand how that is justified except via politics. You should considering buying more Bitcoin before doom happens.
Does Bitcoin gain during a credit contraction. In 2008 it was said Dollar would suffer but its value spiked quite heavily and that'd likely be inverse to Bitcoin then I think. To see a rise in BTC I think we'd need to see USD index, DXY falling or continuing to fall. Theres alot of uncertainty if that will happen but lower dollar also means higher oil price, USA does have alot more production now which is good but its also the largest consumer so higher pricing places a further burden on the economy. I see the Bitcoin price wavering sideways after breaking out of a downtrend. In terms of trending I think it needs to break out of a range to move especially short term.
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Participation levels in an election is a measure of democracy for sure. People can skip for various reasons and just not be engaged or the worry is that the population is excluded or in some way filtered like happened with racism in USA at points in its history. Wider monitoring was really needed from every country of the UN and with thousands of monitors for sure, just one head of an organisation walking around nodding their head to me adds little extra confidence. This applies to lots of countries, there is no perfect instance and I hear little news coverage especially on Venezuela unfortunately. Oil production is a business that depends on access to credit: if you cannot get loans from banks it's almost impossible to support the high flow of investments needed to keep production up. Venezuela (which is not in default) has been cut off US banking system and that means:
- No access to loans, like anybody else. - No access to transactions in USD, like anybody else. I agree, the financing falling apart will have a large effect but also oil or any commodity to some extent itself is a kind of currency and I have to wonder how these companies with such a large resource ended up not being able to conduct themselves efficently with previous profits and successful extraction. In China I remember reading how they banned the use of copper as a proxy for currency, it was being held and exchanged to settle bills and this was outlawed. Of course copper has a history over thousands of years as a currency and the whole crytpo currency phoneomena we are seeing is related to dollars becoming less used and other elements more useful in exchanging value. I think oil and gold will be part of that, Hugo Chávez thought this about gold I think
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Selling an opportunity sounds like and you go first with the payments and maybe you earn something from operating publicity or not ? If you can find the original thread for context and perhaps showing what happened that time around a year ago it'll help illustrate better whats going on here now perhaps.
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I shit you not, I just saw a full video ad for this ICO pop up on Youtube https://repocoin.io/Unfuckingbelievable what a scam this is. Their so-called "use case" makes zero, absolutely zero, fkn sense. Not to mention no sense why it would have any tradable value whatsoever. How Repo Coin Works
1. Download our mobile app once its available and scan license plates in any public space.
2. If a license plate is tagged for repossession, an alert is sent to the app user, the lender and the vehicle recovery agent.
3. A recovery truck is dispatched, and the process to return the vehicle to the lender is immediately underway.
Are people this gullible? Iam not sure if thats a valid business or not but the point I would make on this is publicity. Thats all Im reading with enterprises like this, its all justifiable to them on the basis of publicity, propagation on an enterprise idea and engagement with the public. If somehow association with crypto or block chain makes people feel more likely to take up interest in your idea then its going to become part of the meta for any startup. I'm thinking of how much does Coke spend on advertising every day, we all know this product already and still they spend a ton putting it back into our brains to pick up this special sugar drink at a premium price. So any business needs people to recognise and accept that product in order to be successful, it could be the main reason for success or failure. Companies like this just piggy back onto the latest trend to gain a cheaper audience then anything like Television adverts would cost them. Im not against it exactly, any free app is justified if they can stick a free advert on the bottom. Now they have your attention and you get the free use of their coded app, everyone is a winner. Its a mutually beneficial relationship. Advertising is the original E-currency for the internet is how I see that. It might be tied to dollars in some conventional way, but adverts I consider like a kind of currency that paved the way for alot of small fast development online I think. Debt by % GDP https://www.nationaldebtclocks.org/#homeJapan is worse situation then Greece. However they can print money, I think the majority of know that solution is more of a fused delay
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Anyone who follows markets is familar with this dynamic to news. A price moves and the people writing stories come up with a reason why, only like 5 or 10% of the effect is likely the actual basis for the movement.
Most of a price move is related to traders who borrow money one day and must pay it back the next. Hot Money is what its called, the price going down every Friday before the weekend is a normal thing for example. Bitcoin does trade 24/7 but banks and various employees wont be trading it at that point. If you want a proper estimate use weekly or at least daily bars to get a good perspective.
Warren is not a fan of technology especially and will not call out the failures of US dollar, so his views are quite predictable.
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bubble*
Bitcoin can be a bubble. And that bubble has popped a lot of times; and will continue to pop a lot more in the future.
Bubble suggests more negatively that it was never valid to begin with which is unfair I think and especially when its been around so many years now. The price is certainly volatile and during this time, Dollar itself has varied quite alot in value. If you want contrast pricing on Bitcoin then also look at Dollar index value. The ticker would be DXY and you should get result on google or many different finance websites. Bitcoin is not a bubble overall but it is part of the dollar story and how dollar backs global trade while also being centred around just one countries economy which is not really a good basis for trade it seems. I do not think bitcoin takes over from Dollar but that does not make it an invalid asset, it has a utility to it which since December 2017 has improved. This utility increase is important to set it apart from just price decline as the longest decline from 2013 onward was due to failure in a central exchange and loss of confidence from that 'deleveraging' Bitcoin had during 2013 become fractionally based thanks to Mt.Gox failed accounting and and overly centrally traded price. Right now Bitcoin did involve itself with credit card purchases which again is a form of leveraging and leads to failure and bad pricing. This effect has lessened and I think little fraud was involved this time, I do not see the situation as serious as the mt gox failure. A fallback can be a positive and does not mean we see a lower population in Bitcoin usage, so long as development continues we have good reason for optimism.
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finding it very hard to comprehend narratives about the just and legal way courts, ministers and legal authorities are affecting the market.
One reason Bitcoin was created because the banks around the world stole everyone's money 2008 GFC
yet here we are quoting these authorities as gospel
With so much corruption it is easy to ascertain what those in position of market manipulation are doing, they nearly all tied at the hip and benefiting of each others knowledge
I dont think the deal with the banks is new especially. Bank failures have occurred previously, boom situations that blew up even but the most obvious difference now is large central government. The banks are a side story, the main reason why banks could not be allowed to fail in 2008 was because they are backstopping the government debt that has become so common. Is that what made the Lehmans CEO so damned determined to carry on, he calculated on this effect. Certainly debt influence is evident in Japan and USA and many other western economies with faltering GDP growth for many years. Im told China has a debt problem, they have a lower working population occurring every year but I dont think thats going to be a near term failure for them. But the banks I dont see as the primary cause of past or future failures, I think its something like 90% of mortgage debt in USA is operated by government. Part of the story for 2008 was loan rates set low by Federal reserve dictating its central interest rate from coast to coast. It was wrong to do that in some areas, maybe overall it was wrong but nobody can challenge a bank of that power and size. Like that line I heard, when the dot com bubble burst the prices for houses in silcon valley went up. Im not blaming the banks for that strange price movement, I blame the system of subsidies that comes via central government It might have banks dealing in it but its the government allowing that debt to occur and accumulate further. The normal process is for debt to get called out, rates rise and ratings reduce for those with poor history. Theres a kickback effect to poor returns that restricts further growth of those negatives. Government is not a competitive market, it can become massively wrong because it goes unchallenged. I dont care who in politics is right or wrong but the system overall of untested debt, non competitive market and unilateral laws is probably allowing a greater future failure to build up. That means 2008 is going to reoccur in some shape or form. Those events were just a tremor compared to future failure seems likely, going by trillions owed and trade deficits etc. Hows that pair into crypto I dont know. At least one view I heard is crypto relies on loose dollar and cant survive without it. Or it might thrive with the world aware and accepting debt must be ended/paid, leading to devaluation of dollar and higher prices for everything priced in dollar
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So, now after Maduro’s win a new wave of sanctions is about to come, will it affect El Petro?
I don’t know why people here ignore the fact that Venezuelan oil industry is having a really hard time at least, whereas this particular crypto is oil-backed. I don’t see how Venezuela will survive a new pack of sanctions The difficulty Venezuela oil production has is from efficiency and refinement required to be profitable. Ive heard of alot oil reserves similarly not easy to extract or utilise but any industry depends on an efficient process imo. It is helped some by the rise in oil prices recently, thats related to the Iran deal and ongoing troubles in Libya and Nigeria. Both of which are part of OPEC I think though not sure they signed up to the last agreement. This currency circumvents the sanctions partly because its no longer requiring dollar or Swift clearance to take place. Thats probably a large part of the incentive because I was pretty sure crypto mining was previously heavily discouraged. I dont know how they can fix the efficiency problem, they have greater leeway now fairly sure but long term thats going to continue to be a factor. I believe in competitive industry personally not central government solutions
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^^ I prefer that option where an established KYC processor is employed to verify and they have a standard to maintain while doing so. Obviously many companies are new during an ICO and not ideally suited to the task This becomes a real problem for me. Why should they be interested in my personal data at all? And what if I have many accounts?
They require personal data primarily to off set any worries on laundering or even criminal activity. With the rise in BTC and ETH prices came larger interest from many sections of the normal economy including tax and revenue for governments. Companies want to stay compliant with laws in countries they operate so theres that strong incentive for them.
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