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1  Alternate cryptocurrencies / Altcoin Discussion / Re: I am a Bitcoin Maximalist. But suggest me an altcoin to buy and hold on: October 24, 2017, 08:31:57 AM
Vertcoin might appeal to you. POW, with a focus on maintaining decentralization, ASIC resistant, and organic growth. A huge and active community with lots of optimism, and what seem to be very good developers. And it has some history to it. No ICOs, no bells and whistles, just an honest crypto that solves some of the issues plaguing bitcoin.
2  Bitcoin / Bitcoin Discussion / Re: China bans exchangers on: September 08, 2017, 10:00:05 PM
China is playing a lot of pranks these days. First ICO ban, now Bitcoin exchanges ban. Someone is making a lot of money with this.
And for the second time in a row it happens during the weekend time, quite a coincidence  Roll Eyes

The ICO ban was on Monday, and was more official. This was based on hearsay, and happened late Friday night, which really is suspicious timing.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] PROEMTHEUS: ◄► First Decentralized Email System ◄► on: September 01, 2017, 01:50:31 PM
So I sent some Eth, completed the form, and have heard nothing. Found the referral link, but when will I get a confirmation of coins? And where will they be?
4  Alternate cryptocurrencies / Altcoin Discussion / Re: for US Citizens: if you use VPN to buy into ICO, can the Government penalize? on: August 31, 2017, 08:49:47 AM
Maybe I am missing something, but everyone here seems to have this backwards. The US government isn't going to come after US citizens who buy coins in an ICO. Why would they? I don't even think there is a law against buying coins.

The law pertains to selling the coins to US citizens, not buying them. If an ICO sells to US citizens, the US government, in all its oppressive fury, can say that the ICO, by selling to US citizens, must comply with US law. Then, they can come down on the ICO founders, destroy them, and take all their money. In the name of justice, of course. It's the American way.

So, naturally, ICOs may not want to do business with US citizens, as they don't want to be subject to draconian US laws. That's why they won't sell to you. They would like your money, but it's just safer to avoid Americans altogether. European banks have been cutting loose their US customers for years now, for similar reasons, making life for US expats nearly impossible.

By lying about who you are, you are exposing an innocent start-up company to the risk of US law destroying them. I suppose that, if they found out, you might be guilty of some kind of breach of contract. It would depend on the laws of the country they are based in, and that would be civil matter anyway - not a criminal matter.

The US government, in fact, might be thrilled by you buying into such an ICO. It gives them an excuse to go after the start-up, squash them and take their money.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Siacoin long? on: August 07, 2017, 08:22:56 AM
Anything could happen. However, just reading the misinformation and FUD in this thread by Siacoin holders makes me want to buy more. It tells me that even people who have looked into the coin and "thought it over" still don't get it.

For one, there is no relationship at all between the coin price and the cost of storage on SIA. This is noted prominently for anyone who has bothered to read the details.

The team strikes me as serious and competent people with good intentions. I like that. Whether they will achieve what they have set out to do is anybody's guess. The SIA software is not exactly easy to use at this point. I can't even install it without errors. That's a black mark. And whether Amazon will run a steamroller over SIA or buy them out is another gamble.

But I think the coin is a pretty good bet at the current low price. In 2 years or so, it could bring a solid return. Or not. But I think it's a decent long term bet.
6  Economy / Speculation / Re: Japan ends 8% consumption tax on bitcoin Today on: July 01, 2017, 11:50:41 PM
Guys, this news is a day late. July 1st in Japan started at 8am on June 30th, West Coast time in the USA. I positioned myself for this in Japan, and have seen Bitcoin continue to fall. In fact, it fell faster after the tax ended.

It may have made a difference a month ago, and probably will make a difference in the future. But right now bitcoin is too bearish for this change to help.

The change came into effect on Saturday morning, so I suppose there is still the outside chance that trading may pick up on Monday (that's Sunday evening to you people in the States). At this point, I am not expecting much though.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Alticoins competiting with ethereum would be worth putting eyes now. on: June 08, 2017, 01:07:39 AM
I got a few BOScoin. Tried to buy more, but my Eth transaction got stuck. Too bad, I could have made a nice profit. Holding on to what I can. Their concept sounds interesting, but I bet on it more because it is the only Korean coin. And Koreans can be very patriotic. So I foresee some continued demand.
8  Bitcoin / Bitcoin Discussion / Re: What makes the bitcoin price stronger in the market? on: May 02, 2017, 06:36:52 AM
I'm thinking this boom will be short lived. Japan lifted the consumption tax (8%) from BTC purchases starting in May. No coincidence that the price rose about 8% against the dollar. I'm kicking myself for not predicting this boom, since I knew about new law. Careless mistake. Sad I think Japanese people were waiting for this day, and will buy most of their stalled bitcoin purchases today and tomorrow.
9  Economy / Trading Discussion / Re: Hold or Sell on: May 02, 2017, 06:13:12 AM
Maybe we should hold all the bitcoin we have right now. There is a possibility that the bitcoin price will reach $ 1400 in the near future. Maybe some people will regret that they are in a hurry to sell a lot of bitcoin at $ 1300
BTC already break the 1500$ price as you predict. I think you have a good profit right now because you decided to hold on your Bitcoin. The altcoins right now are very bloody. They are all starting breaking into pieces except ETH that reach an all-time high price. Holding is the best thing to do right now so that we can limit are losses on altcoin and maximize profit on bitcoin.

I think not as bloody as they look. I got quite a shock this morning at all the red. But then I realized that bitcoin had risen 8% against the USD - which means any altcoin that is less than 8% down against BTC is still ahead.

I later learned that this boost is coming from Japan (where I am) via Bitflyer exchange. Some of this money will be going to altcoins before too long, though it may take a while. Pretty sure Bitflyer strictly trades BTC and JPY right now. For my part. I think coins with some recognition in Japan will do well - those include Ripple, Ether and NEM/XEM.
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