Hi All,

I am curious, how do bitcoin "mixers"/"tumblers" obtain "clean" coins. Some of the mixers I have seen, make claims such as "we send  you coins that have never been associated with illegal activity".

Similar to how most/all US dollar bills have been through strip clubs or have traces of drugs on them, how does this scenario play out in Bitcoin where all coins and transactions can be followed on the blockchain?

Is it possible, that by using mixers, one could end up with coins that are associated with illegal activity?

For example, CriminalA sends 0.5 BTC to mixer. Then privacy conscious law abiding citizen sends his 0.5 BTC to mixer. Do the mixers basically just swap the coins? So the law abiding citizen who is privacy conscious could be actually hurting his privacy?

Thanks for the reply. Especially interested that you have been trading Forex for 6 years. I was introduced to trading through my initial interest in Bitcoin, and have been trading for the past year or so on Bitmex. I am really attracted to Forex trading the more I learn about it, so I want to transition from trading crypto into trading Forex

So my question comes from a standpoint of using BTC as a deposit into a forex broker, and because of the movement of BTC it causes all kinds of issues when trying to develop strategies. Instead of taking a pair, say USD/EUR, I also have to consider my deposit of BTC and how the broker will handle it. From talking with SimpleFX it seems they automatically convert profits/losses into crypto which makes it easier.

Do you think it would make more sense, to use USD as a deposit to a forex broker rather than BTC?

On a sidenote - it is cool to see a Forex trader here. Would you mind if I PM'ed you to ask you some questions every now and then?

Hey Friends,

Do any of you trade Forex using Bitcoin? 1broker.com is nice, I also was looking at simplefx. My concern is this article from investopedia, which basically says how you can make profit in your forex trade, but due to price movement of btc you can lose even with a winning trade.

Here is the article: Investopedia https://www.investopedia.com/articles/forex/081815/benefits-risks-trading-forex-bitcoin.asp#ixzz58HVMSB2q

Here is quote from article:

"Now, let’s move on to an example of a forex trade using bitcoin. First, you open a forex trading account with a broker who accepts bitcoins (like  AvaTrade, eToro or Liteforex). You then deposit 2 bitcoins from your digital wallet to the forex broker’s digital wallet. Assuming the current bitcoin to U.S. dollar rate is 1 bitcoin = $500, your deposit of 2 bitcoins is equal to $1,000. Now, assume that you want to take a position in British pounds. If the exchange rate is £0.5 = $1, you will receive £500. After some time, the GBP/USD rate changes to 0.45, and you square off your position to get $1,111.11 in your trading account. You have made a tidy 11.11% profit and you are ready to cash out. However, suppose by this time the bitcoin to U.S. dollar rate has changed to 1 bitcoin = $560. When you withdraw your money in bitcoins, you receive ($1,111.11/$560) = 1.984 bitcoins."

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It looks like 1broker bases forex trades in terms of btc, so the btc price is irrelevant as you are paid profits and losses in btc.

Does anyone know if SimpleFX is like this? Or any other good forex brokers that are BTC based

Thanks

What are your guys favorite places / recommended places for hosting of GPU miners?

I'm ready to build out a miner, but need to send it off to a data center for hosting

Trying to find baselines for what is average price to pay per month also