Survivor alts starting to light up. Having deleveraged, they are now about to start leveraging bitcoin's rise by multiples. The two outsider alts with most upside to gain are:

 • UNO (Unobtanium, the fine art market of cryptocurrency that consistently out-gained BTC against the $US dollar and is extremely difficult to get hold of in any quantity)
Nº 146 in M'Cap, 5 years old.

 • BAY (Bitbay - that has been quietly developing a unique form of psuedo-pegged currency that can revalue in discrete steps while supporting a decentralised double-deposit escrowed trades service for goods)
Nº 326 in M'Cap, 5 years old.

This project is starting to look awesome.

The whole crypto-asset market is now jostling for position and starting to weed out scams from survivors. Two things are defining what separates one from the other:

 • inspired ideas supported by dedicated developers and communities
 • genuine use cases

Over the last few months I've been looking for things to ditch because I need some losses to offset tax liabilities.

I've been ruthless in that regard, however....Bitbay is now a definite hold. Not just for economic reasons but for the reason I got invested in the first place - to be along for the ride while watching an entire commercial and social dimension change shape.

Commercial world now starting to arbitrate on who the survivors of the crypto "dot.com" bubble era are going to be.

Only two "bitcoin compatibles" among them....interestingly the same two I cited in this post  

I linked to it as a reference, not as a news item.

Dash is now at an inflection point, having survived the crypto implosion with its trend against bitcoin intact.

How many bitcoin compatible, mined coins remain in the top 10 ?

 = 2

Why are those 2 coins still there ?

 = one was the original mining protocol variant
 = the other was the original service protocol variant



https://tomluongo.me/2017/11/16/the-foundation-of-the-next-cryptocurrency-bull-market/

Here's where everything is headed. See what's under/overvalued:

So iCEBREAKER's calling the market bottom and is back panic-trolling ?

I was thinking as much myself - with rising indicators all round. In particular long range RSI has put in 2 higher bottoms since last August.

Somewhere between bullish and bearish seems to be the right call

Well there's also this response to Hoskinson's remark:

https://cryptodaily.co.uk/2019/01/will-bitcoin-really-take-10-years-to-return-to-20000

Better find a job. Hoskinson says 10 years at the earliest for the market to get back to ATH.

https://www.fxstreet.com/cryptocurrencies/news/bitcoin-will-cost-20-000-in-10-years-charles-hoskinson-founder-of-cardano-201901250749

Immense head & shoulder (inverse) technical pattern forming on UNO/BTC. Couple more months of horizontal trading plus a bit of a dip would complete it bootifully. Hashrate also at ATH.

Possible phenomenal year in store for UNO

It's evidence of people voting for their book.

There are plenty of valid arguments against bitcoin propagating as "money", but they're not the ones you're presenting as you're too wedded to associations with "the physical". Keep wishing for the "Mad Max" moment, then you might at last have a point. But then dogfood might be just as attractive as gold so maybe you should add a few tins to your portfolio just to be on the safe side

As far as I can see only reason you keep typing this sh* on here is because you don't believe your own arguments and want us to validate them for you.

So far you're losing the argument (in case you hadn't noticed) - probably because you didn't take into account what made gold valuable in the first place which was its monetary function, not the fact that it's a nice "shiny metal" which has served as money for "thousands of years".

There is no conflict between PMs and bitcoin. They are "money" for the same reason, just in different media. Their respective relevance simply depends on the amount of commerce which is conducted on each platform. If most of it is "electronic" then bitcoin will be the more relevant and valuable. If most of it is "physical" (i.e. exchanging physical tokens for goods) then metals will be.

14 down votes on Zerohedge ? Hold them precious ! You may need them as a comfort blanket

realr0ach nobody gives a s* about physical metals except gold-gazer hoarders with nothing better to do. Gold holdings are a waste of space and didn't do a damn thing for their investors during the most inflationary fiat period in modern history. They are not exciting. You can't build anything with them, use them, transmit them or even trade them (without a handy van, ship or a lorry).

Ask yourself what is gold (as a monetary function) ? A ledger. That's all, except not quite as good a ledger as bitcoin. It was ok in physical market days but is about as useful as moth eaten parachute in the modern world. Bitcoin is not trying to be "electronic gold". Gold was trying to be a "physical bitcoin". Except it falls short in the area of fungibility, divisibility and transmissibility.

You're dreaming. "Physical metals" don't exist in any liquid quantity. Paper metals is what you're referring to and they're loaded with as much hazard as crypto. (Except they don't benefit from being limited in supply).

I think we're on the verge of a new phase for bitcoin and crypto in general that none of us have seen before or are aware of what is around the corner.

There are 2 significant aspects of that "phase" that will drive everything forward - one is good (progress towards mass and institutional adoption, at least as a store of value if not a means of exchange), the other is (potentially) a huge lurking iceberg - and that is the spectre of widespread and deep regulation.

I didn't realise how profound this was until I started thinking about crypto from an "accounting" point of view. Then a whole lot of peices of the jigsaw suddenly made sense all at once:

 • the ongoing consolidation of defining crypto as property by regulatory authorities
 • the emergence of the new Google for cryptocurrency networks, known as "Cointracker" and the algos it uses calculate tax. (It was in fact built by ex-Google engineers)
 • the market movements of the last year - in particular the huge alt ratios that encouraged intense coin-to-coin trading at the precise moment when the bitcoin/fiat valuations were at an all time high

What is the significance of defining crypto as "property" (say, as opposed to "currency"). Basically is means that any exit from an address is considered a disposal rather than an expenditure. This is profoundbecause in the event of a cryptocurrency audit (either on an individual or organisation), "partial" information always favours the regulatory authority. For example, lets say:

 • you have a partial trading history which you provide during an audit.....

When that's analysed, a bottom line for your portfolio holdings will emerge (which will be wrong). If that "calculated" portfolio says we have more bitcoin than you actually have, then we'll simply be taxed on the "disposal". i.e. they've got you either way - either you can account for the location of funds or you simply end up with a huge tax bill.

 • off-exchange trading/expenditure

Same thing here. It ends up in the interest of holders to disclose all incidental exchanges of crypto for other crypto or for anything in fact, because any address that's identified as being owned by a certain party at any point in time, if later found to be "emptied" is a juicy candidate for taxation.

Nor are "obfuscated chains" any use. They will simply be regarded as "disposals". (i.e. any purchase of a "privacy coin" will be seen as a disposal and taxed accordingly).

This is already happening. The UK for example just issued unambiguous guidelines 1 month prior to this years filing deadline, so everybody that's short has to liquidate at the bottom of the market to pay tax on Jan 2018 prices. Pretty deadly !

However, once we've "taken the pain" and passed through this phase, the shoe will be on the other foot. The institutions will have the green light to pump everything to Kingdom Come and the moon will come into view. However by that time it will be better to have "regulatory clean" crypto than "regulatory dirty". I already had to liquidate 30% of my holdings cos of being caught in this trap. I see it as the cost of getting my holdings through this phase - out of the "dark" and into the "light".  I'm hoping it's worth it ! 

Be nice there was a desktop accessible forum. I'm locked out of Telegram cos only have a cellphone, no smartphone. You need a smartphone to signup.

Hi

Are there good instructions anywhere for installing the UNO linux wallet ? The mac wallet gets "tazed" by my Virus checker as soon as I try to open the drive image cos it thinks it detects "bot miner" trojans.

This coin might start to get serious soon as its performance against BTC has been stellar through the bear market and it will soon start to be identified by new market participants as one of the few "survivors" from right back in the dawn of alts.

P.S. I see there's instructions here, but they're 4 years old. Do they still apply ?

Hi

Can anyone tell me why I get LESS gains tax when I un-click the "Consider all previous trades" checkbox ?

I would have thought that the act of "considering previous trades" would give you a non-zero cost base for the current year and therefore less gains tax whereas if you have that off you'd have to use a zero cost base for everything. So I seem to not be understanding what that thing does.

Could be.

However I still think the "real" bottom was around $5500 and we are now slingshotting back to it having oversold due to Craig Wright bag dumping/shenanigans.

Evenyone's waiting for a 2014 type capitulation to today's equivalent of $183, but the difference is that back then it took a couple of weeks to build the ATH with no consolidations on the way. This time it took an entire year and there were plenty of big consolidations during the build up.

Add to that the fact that the alts are now starting to recapitalise in a big way. That was what was needed to confirm the bottom and start a reversal in BTC because BTC cannot grow without massively reduced dominance as a launching pad.