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9441  Economy / Economics / Re: "Warren Buffett invests $6 billion in Japan's five biggest trading houses" on: September 03, 2020, 10:36:06 AM
I would have said BTC, but it is out of the picture for Warren Buffet as he considers Bitcoin a speculative asset and he doesn't understand it.
I personally do not expect WB to ever buy BTC, but it would not be strange for him to invest in a crypto company if he estimated that it would be a good business opportunity - the world is changing and profit is profit regardless of whether it is created by investing in stocks or Bitcoin.



Well, if he was planning on selling his US stocks he would liquidate a large majority of his portfolio. His top 10 stocks by share numbers are all US companies so it looks like he'll just hold onto them during the recession. It makes no sense to sell them while they're at their lowest results.

WB obviously has a lot of confidence in some American companies like Apple which makes up as much as 44.18% of his total portfolio, and if I'm not mistaken, he started investing in Apple first time in 2016. I wonder what would happen if China said "Apple is no more welcome here" - it's unlikely to happen given that the number of workers working for Apple in China is around 5 million - but given that the US is doing a lot of damage to Chinese companies, the question is how long the Chinese can remain in a position not to defend themselves.



If he would have been pessimistic about the US economy he would have dumped stocks, just as he did in previous years with IBM or General Electric.

True, I have to admit that I didn’t know about his investments in the USA recently, so I get these $6+ billion as a significant amount which it actually isn’t for him.



Meanwhile, the president has tweeted this as election approaches.
https://twitter.com/realDonaldTrump/status/1301249968091455488

Quote
Donald J. Trump
@realDonaldTrump
The Dow Jones Industrial just closed above 29,000! You are so lucky to have me as your President
With Joe Hiden’ it would crash
😧

Nothing unexpected when it comes to Trump, but there are definitely interesting comments below the tweet that actually show what the average American thinks - the rich get richer even more, and the poor are hoping for the next stimulus check.
9442  Bitcoin / Legal / Re: Would you move jurisdiction to avoid tax on your coinage? on: September 03, 2020, 10:00:07 AM
As long as it has a measurable value they will want to tax it. It doesn't need a legal definition as long as it's not explicitly illegal.
I find the radically different rules in each EU country kinda weird. You'd think by this point they would've started to harmonise it.

The EU is a group of countries that, out of some common interests, want to be together, but at the same time each country wants to be autonomous and independent in some respects. Personally, I have never liked the idea of such an association, which literally falls apart every time it encounters a crisis - and when it comes to cryptocurrencies, each country has a different policy.

Given the current situation of the EU and the rest of the world, it is very likely that the authorities will look for all possible ways to replenish the state treasuries - all this free money should be collected from somewhere.

I personally count on Bitcoin to be the usual means of payment in 5-10 years, so I won't even have to convert it to fiat - and then I can go on a trip around the world, so let anyone tax me - if they can Smiley
9443  Economy / Reputation / Re: What can I do to remove a neg tag? on: September 03, 2020, 09:35:20 AM
I want anyone of them to PM ChiNgadOr and ask them to reply here and share why he thinks my action toward that case was not appropriate. I think he will not neglect to respond from such reputed user.

I have already written to you that I had the opportunity to participate in a discussion with a member who left you negative feedback - and the only thing he cares about is the project he advertises in his signature and which is shilling in Altcoins boards. If someone asked him via private messages to change something about a negative feedback, I would not be surprised if he reported such a message to the admin or left negative feedback to that member.

As others advise you, you better not waste time on things like this - its feedback in the existing DT system is worth nothing. I see you as +1 / =0 / -0, and that is the only thing that matters.
9444  Economy / Economics / "Warren Buffett invests $6 billion in Japan's five biggest trading houses" on: September 02, 2020, 01:41:22 PM
After Warren Buffett surprised the business world by investing in a gold mining company (by buying a stock worth $565 million), this did not seem to be an isolated case, because as much as $6.3 billion is invested in "Japan’s five biggest trading houses".

Warren Buffett has invested $6bn in Japan’s five biggest trading houses, giant conglomerates involved in everything from importing food and textiles to the technology and manufacturing industries, as he looks to diversify beyond the US.  The surprise move by Buffett, who has just turned 90, means he is one of the biggest shareholders in Mitsubishi Corp, Mitsui & Co, Itochu Corp, Sumitomo Corp and Marubeni Corp.

Buffett’s investment company, Berkshire Hathaway, has taken a 5% stake in each of the “sogo shosha”, or general trading companies, that play a vital role in the Japanese economy and are increasingly becoming global players.

It is now more than obvious what the WB thinks about the US economy and it is only a question of what he will sell next, and in what he will invest outside the US market. In any case, bad news for the US market, which has the worst results (in the last quarter) in the last 73 years.


Please use the quote option appropriately -> [TIPS] to avoid pyramid quotes
9445  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 02, 2020, 01:09:12 PM
For those who may be looking for a reason for today’s mini dump - let’s just say Bithumb again Roll Eyes

Police reportedly seize South Korea's largest crypto exchange Bithumb

In June 2017 hackers stole user information from a Bithumb employee's personal computer.

In January 2018 Bithumb was raided by the government for alleged tax evasion. They were found not guilty but still had to pay nearly $28 million in back taxes.

In June 2018 about $32 million of cryptocurrency was stolen from Bithumb in a hack.

In January 2019 30 out of 340 total Bithumb employees were laid off in response to declining trading volume and profits in 2018.

On March 29, 2019, Bithumb said that it was hacked. It pointed its fingers at insiders. Nearly $20 million worth of EOS and Ripple tokens were estimated to have been stolen.

On April 11, 2019, Bithumb announced a net loss of KRW205.5 billion (US$180 million) in 2018, a sharp turnaround from the KRW427.2 billion profit in 2017, despite 2018's sales rising 17.5% to KRW391.7 million. The company blamed the loss on the sharp decline in the price of cryptocurrencies and reduced trading volume.
9446  Bitcoin / Bitcoin Discussion / Re: Police reportedly seize South Korea's largest crypto exchange Bithumb on: September 02, 2020, 12:57:21 PM
This crypto exchange has several scandals and I wonder what are the laws in South Korea that allow them to continue doing business despite a very careless and unprofessional attitude towards the security of their company and ultimately their clients. Only two things help here, a complete change in the management structure or the shutdown of the company - this looks like nothing but complete amateurism.

In June 2017 hackers stole user information from a Bithumb employee's personal computer.

In January 2018 Bithumb was raided by the government for alleged tax evasion. They were found not guilty but still had to pay nearly $28 million in back taxes.

In June 2018 about $32 million of cryptocurrency was stolen from Bithumb in a hack.

In January 2019 30 out of 340 total Bithumb employees were laid off in response to declining trading volume and profits in 2018.

On March 29, 2019, Bithumb said that it was hacked. It pointed its fingers at insiders. Nearly $20 million worth of EOS and Ripple tokens were estimated to have been stolen.

On April 11, 2019, Bithumb announced a net loss of KRW205.5 billion (US$180 million) in 2018, a sharp turnaround from the KRW427.2 billion profit in 2017, despite 2018's sales rising 17.5% to KRW391.7 million. The company blamed the loss on the sharp decline in the price of cryptocurrencies and reduced trading volume.
9447  Bitcoin / Electrum / Re: Forgot order of my 12 seed phrase for my electrum wallet on: September 02, 2020, 12:41:52 PM
i could help you...contact me on telegram ...xxxx

Never accept help from complete strangers and avoid Telegram which is an ideal platform for all types of scams - for the simple reason that all messages can be deleted (on both sides) so you have no proof that you have been scammed.



o_e_l_e_o, thanks for the additional explanation - it all depends on what kind of computer someone has and how much he has mixed up the words, but the most important thing is that it is possible to fix such problems. Personally, I never even thought of protecting a seed in this way - precisely because I could find myself in a similar situation.

I just remembered opening a thread few months ago on this topic - there is video tutorial how to use this tool.

Recover Your Scrambled Electrum Seed - BTCRecover
9448  Bitcoin / Bitcoin Technical Support / Re: How to send Bitcoin quickly on: September 02, 2020, 10:56:50 AM
There are at least two more possibilities as to why the transaction was reportedly not confirmed after three days. The first is that a friend isn't really a friend, and that it's a scam - and the second is that a friend has trouble syncing his wallet or maybe using some fake wallet.

Additional information such as wallets used in the transaction and a link to the transaction would be very helpful in determining where the problem occurred.
9449  Bitcoin / Hardware wallets / Re: Very small phone for hardware multisig. on: September 02, 2020, 10:39:48 AM
DaveF, if your main goal is to use multisig on as small a mobile phone as possible, then you are on the right track, but if you want something even smaller in size I suggest you take a look at Unihertz Atom, which has only a 2.45-inch display.

The price starts at almost $400 on Amazon, but let's say it can be found below $250, if you look at sites like this.
9450  Bitcoin / Electrum / Re: Forgot order of my 12 seed phrase for my electrum wallet on: September 02, 2020, 10:24:55 AM
What I noticed is the following statement :

seedrecover.py is a seed recovery tool which can take a seed with one or more mistakes in it, and recover the correct seed if not too many mistakes have been made.

How much is actually "too many mistakes"? Would this mean that in some cases it might be impossible to come up with the correct word order or that the process would just take much longer?
9451  Bitcoin / Legal / Re: Would you move jurisdiction to avoid tax on your coinage? on: September 02, 2020, 10:12:50 AM
Yes, especially with something as fast moving as this. A lot of jurisdictions are still dithering and edicts could arrive any time. I'd feel a right twat if I'd moved somewhere only for the rates to be jacked up.

I'm impressed at some of the rates in non tax havens but it seems a bit strange for those countries to let that much potential tax slide.

If we look only at the EU, each country has its own attitude towards cryptocurrencies, and there are really few in which there are people in government structures who understand what Bitcoin is and how to apply taxes when trading the same. If a central bank says that Bitcoin is nothing (literally), then how will the tax administration collect tax on something like that? Therefore, in some EU member states, despite the new AMLD5 directive, Bitcoin is still under the radar and uses legal loopholes to avoid taxation - which will surely changed when someone realizes that there is room for taxation.



It makes me wonder, is there really no way you can hide away from your tax man's snooping at your Bitcoin or crypto profit?

Maybe it's not a problem to hide that you have a BTC, and maybe you can sell it without the authorities knowing about it - but the problem arises if you spend that money on something (say you buy an apartment/house, a new car) and you can't prove the origin of that property.
9452  Economy / Reputation / Re: What can I do to remove a neg tag? on: September 02, 2020, 09:52:44 AM
I have been trying to contact him for the last year, have tried PM here, reached through telegram but he never replied. I have waited such long to get a communication with him. Since I did not get any, I have created this thread.
I would appreciate any reputed member like suchmoon, LoyceV to come forward and help me removing the tag.

Not replying to your message or blocking you is a very clear message that is sent to you in this way - silence is in some cases a very clear message, quite clear for those who want to understand it. As other members have already written to you, only the person who left you feedback can remove or change it.

I think you are going to a dead end with the idea that one of the above members can help you in a particular case - only in case he is DT and his feedback is not appropriate/correct you could expect counter feedback or exclusion of that member from DT.
9453  Other / Beginners & Help / Re: Suggestion to Make at least $300 Worth of Bitcoin per Month on: September 01, 2020, 01:56:31 PM
Why limit yourself to this forum? If you only want $300 a month, or even more - why not move on to becoming someone who can teach others about Bitcoin or blockchain, and then organize online or live lectures that would cost say $5- $10?

I know from experience that many people are interested in Bitcoin, and that they would be happy to pay to be informed in a way that someone presents it to them live, and that they can ask questions. This is certainly not an idea that can pay off instantly, but I think it is worth considering.

Something similar to your question, which already has 9 pages - I'm sure there are some good tips there ->

I need 5 sources of revenue to generate $200 each per month - Ideas?
9454  Economy / Reputation / Re: What can I do to remove a neg tag? on: September 01, 2020, 01:30:55 PM
Little Mouse, but this feedback is almost a year old (2019-09-23), why are you only reacting now? In addition, you have 5 more negative feedbacks, which in my opinion are much more dangerous in the sense that one of these users will one day become a DT - which is not the case for now.

As for the user in question here, I can only say that I met his character in the Economic board and that he is the last one you can hope to change or delete his feedback.

Well, I come back to you when BTC reach 1k or 2k  in the next months.. and I would be expecting your answer here.

If by any chance he answers you on PM, tell him I'm still waiting for him, although somehow I think I will never get that answer...
9455  Bitcoin / Legal / Re: Would you move jurisdiction to avoid tax on your coinage? on: September 01, 2020, 11:05:50 AM
I think that Japan has a tax of up to 55% for those who have the most income, but as I once commented in the past, I think that everything over 25% is too much, and you should not agree to pay as much as 45% no matter what the situation - those stories to be in solidarity and give half of our profit to the state with me personally will never pass, even at the cost of having to move elsewhere.

Fortunately, I can still buy/sell crypto (up to a certain limit) without any tax and KYC because such laws are still in force in my country, but for those who want to file a tax it is about 20% (depending on the region where the taxpayer lives). Also, as in Germany which has the law "no tax after 1 year of holding", I have the option not to pay tax after 2 years from the purchase.

But such laws are changeable, and it can happen that someone moves to a country that has very favorable tax laws, and they literally become very unfavorable overnight.
9456  Bitcoin / Hardware wallets / Re: Nano Ledger S Won't Turn On Help on: September 01, 2020, 10:36:55 AM
but did they allow you to buy a longer year warranty?

I have never read anywhere that Ledger gave the possibility of an extended warranty, which today is of course the case with some devices such as TVs, computers or some other household appliances. Usually such a benefit is obtained by additional payment, or by registering on the manufacturer's website - I don't think Ledger wanted such complications, and anyway most who bought the device gave their details when buying.

Anyone who returned their ledger... did almost all of you had it under two years?  Anyone had it longer and returned it back?

I know that over the years there have been several cases of free replacement of devices that have become completely or partially defective - but we can assume that they were covered by the warranty. You can ask a question to the user erikalui so you will find out how old his device was at the time of replacement, his case is just a month old.
9457  Bitcoin / Bitcoin Discussion / Re: Electrum update: A trader lost 1400 BTC on: September 01, 2020, 10:11:19 AM
I’ve seen too many of these type of stories, nobody should be keeping that amount of coins on a platform like Electrum.

Electrum is not a platform, it is an open source desktop/mobile wallet "released under the MIT License", and the main reason why people use it is that it is free and fairly easy to use. What most people don't know is that such software is subject to code changes and that anyone with a little understanding of programming can make a fake wallet and distribute it over the Internet.

No matter how secure the crypto wallet was, keeping 1400 BTC inside just one wallet is a stupid move - if I had 10% of it I would divide it into at least 5 different and independent wallets, and thus diminished the risk of losing everything in one bad move.
9458  Bitcoin / Electrum / Re: Electrum wallet user Lost $16M in Bitcoin. on: August 31, 2020, 12:38:46 PM
Why is it always that people who have lot of Bitcoins don't know how to keep them safe and for us who do know how to keep them safe have not enough to worry about keeping them safe? 

I have already posted my comment on this topic here, but the answer to your question is pretty simple. People who have a lot of money are not necessarily intelligent, because some money is just an inheritance, or it is the result of some risky investment that has brought big profits.

Investing in Bitcoin is much more than buying gold, silver, stocks or real estate - and it's certainly more technically demanding than anything I've mentioned. I have always been of the opinion that the developers of Electrum also bear part of not financial, but moral responsibility for the failure that occurs at the end of 2018 and which actually has no expiration date.

But the responsibility is also on each user individually, because if you want to be your own bank then you need to know how to run a bank - after all we cannot compare a desktop crypto wallet with a traditional bank where our funds are insured up to a certain amount. Just as we can say that curiosity is what often kills a cat, we can say that ignorance is the reason why people lose their BTC in rather strange ways.
9459  Economy / Exchanges / Re: Are bitmex just trying to scam with their kyc policy? on: August 31, 2020, 10:21:39 AM
I don't think that BitMEX is trying to scam anyone with KYC, it is something that any centralized cryptocurrency exchange that wants to continue doing business can resist. It’s true that Binance International Service still offers a KYC-free option to withdraw up to 2 BTC a day, but I’d love to see someone who would try to do something like this on a daily basis and have their account not frozen. Binance is trying to win as much of the market as possible - but there have been many examples of them freezing user accounts and looking for KYC for some reason.

From what I hear the DEX volume has almost doubled lately, so if someone has a problem with KYC and doesn’t want to share personal information, an alternative exists.
9460  Bitcoin / Bitcoin Technical Support / Re: Sending bitcoin to multiple addresses at ones on wallet on: August 31, 2020, 09:57:55 AM
But what about the fee? Is it still going to be the fee that will be charged for only one transaction? Or will be more?

You pay only one fee, because even if you send to more than one address, such a transaction still counts as a one on chain transaction. Of course, you need to count on the number of inputs (address from which your coins will be sent) and outputs (address to which you will send your coins) on which the size of the transaction ultimately depends. The amount of the fee at that time is a combination of the size of the transaction and the current fees.

If you take the current example of a transaction that has one input and 20 outputs (send to 20 different addresses) and you want the first confirmation within an hour, the fee would be around 66202 satoshis (79 satoshis/byte) for Legacy transaction.

https://www.buybitcoinworldwide.com/fee-calculator/
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