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1  Bitcoin / Legal / The best countries tax wise for Bitcoin on: February 15, 2022, 06:11:48 PM
Many countries have no capital gain taxes on financial assets nd they explicitly include Bitcoin.

The article lists 10 countries with favorable BTC tax rules :

Germany (!)

Belarus

El Salvador

Portugal

Singapore

Malaysia

Malta

Cayman Islands

Puerto Rico

Switzerland

January 4th 2022 article, unknown website https://koinly.io/blog/crypto-tax-free-countries/

Any other countries/states ? Dubaļ don't tax gains, lot's of crypto investors/trader in Dubaļ.
2  Economy / Trading Discussion / If we follow the 2013/2015 patern, the price will reach a new ATH only in 2027 on: January 08, 2022, 09:14:01 PM
In Dec 2013 : ATH 1200$

then it declined and stayed roughfly between 200$ and 300$ for 22 months

If it was to follow the same patern again :

Now-Oct 2023 : 11 000 - 17 000$

And we would need to wait until 2027 to have a new ATH

Idea came from : Peter Schiff

I think a more likely scenario is that the Fed stops tightening not long before it will start in 2022, or don't tight much, and BTC raises >100K$ with 18 months from now if Big governments don't ban it.
3  Other / Politics & Society / I create FREE CITY. A free country with very low taxes. on: November 22, 2021, 08:51:21 PM
Free City

I'm building a free world.
No income taxes and no capital gain taxes.

Free City is made by the people, for the people. The state dose not rule the people, the people are their own ruler. Much like the USA at the beginning.

The libertarian project of islands in the middle of the ocean backed by Peter Thiel had engineer pain points : https://www.businessinsider.com/libertarian-peter-thiel-utopia-seasteading-institute-2018-3
The interesting experiment of a city with no taxes in El Savador is made by a state : https://www.reuters.com/markets/rates-bonds/el-salvador-plans-first-bitcoin-city-backed-by-bitcoin-bonds-2021-11-21/

The road to create a free state is either to :
-Establish legally on a portion of land owned by a State by buying the land and negotiate the right to become a State.
-Legally win elections and set-up a libertarian government in a country or State that already tilts towards freedom.

-Free city would be governed by a libertarian constitution and 7 (or 9 ?) sages to resolve disputes and there would not be the threat of theft by law.
-Only libertarian with good spirits can become citizens, a clean record in terms of violent crimes helps.

There is a need for a free society that will non violently inspire other states to offer more freedom and that will inspire freedom in the minds of observers, by example.

Are you in ?
Who do you think should be offered a Sage position ?

4  Alternate cryptocurrencies / Bounties (Altcoins) / Do you play the Bybit contests ? on: November 13, 2021, 10:31:21 PM
5  Alternate cryptocurrencies / Marketplace (Altcoins) / Valentine, 10 years old, started her NFT collection and thinks she will make $$$ on: October 14, 2021, 08:34:52 PM
https://opensea.io/collection/valoutine-collection-90381750



I like the 2 pictures and I'd like to try to pump the collection up as an experiment. Any idea how do proceed ? Make an instagram ?
6  Economy / Trading Discussion / 40,000$ to grab just by doing volume and legally gaming their NFT competition on: August 25, 2021, 05:43:48 AM
Who has/will have Bybit NFTs ? We can transfer each other NFTs and finish in the top 10 to grab a portion of the 40,000USD : "Users can transfer NFTs to other users who joined WSOT."

Earn NFT points when you:
Successfully invite a friend to WSOT (2 point for every friend)
Hit 100k in Derivative trading volume (1 point for every 100k)
Deposit 0.01 BTC | 500 XRP | 350 USDT | 0.15 ETH | 75 EOS (1 point each; limited to 10 points total)
Complete your KYC verifications (2 points; limited to 4 points total)

https://www.bybit.com/en-US/wsot2021

Stand to win limited edition WSOT NFTs when you complete missions. What's more, the top 10 Collectors will get to win a slice of a 40,000 USDT prize pool!
7  Economy / Exchanges / WSOT Bybit 7 millions $ to grab on: August 11, 2021, 05:04:35 PM
Bybit will launch a great 7m$ trading competition soon

Who plans on particpating ? Do you want to join my team and hopefully share tons of cash ?
8  Alternate cryptocurrencies / Altcoin Discussion / Create a new altcoin with an original innovation on: June 24, 2021, 11:12:30 PM
Would you have any tech adviceon how to create a crypto backed altcoin ? Or tips on how to find co-founders that have crypto tech experience
9  Other / Politics & Society / Allow Jeff Bezos to go back to Earth on: June 24, 2021, 10:12:22 PM
https://www.change.org/p/support-the-hard-work-of-genius-entrepreneurs-welcome-jeff-bezos-to-earth/



It is a petition in response to the other petition against Bezos : https://www.change.org/p/the-proletariat-do-not-allow-jeff-bezos-to-return-to-earth
10  Economy / Trading Discussion / What are your trading strategies ? on: June 13, 2021, 11:32:15 PM
It seems most amateur traders are swing traders buying spot- to 10x to catch an about 10% move but the most successful traders are probably doing something else.

Arbitrage ? https://www.sfox.com/blog/bitcoin-arbitrage-is-possible-but-not-the-way-youre-doing-it/

Scalping on 1 to 15m candles ?

Market maker / bot strategies ?

How do you trade ? Does someone has reliable info on the strategies of the most successful solo traders ?
11  Economy / Trading Discussion / Let's say you have a large amount of BTC and you on: June 07, 2021, 07:23:58 PM
Let's say you have a large amount of BTC and you want to spend it / invest it / transform it in fiat but you do not want the BTC to be traced to exchanges or to you, how would you do it ?

It's not for me, it's to further my understanding of the space.
12  Bitcoin / Bitcoin Discussion / Mtgox trustee and return of funds on: August 07, 2020, 09:36:06 AM
Hey, could someone direct me to the most relevant mtgox thread to have fresh news if any ?

Wikipedia stops in march 2019 : https://en.wikipedia.org/wiki/Mt._Gox#Bankruptcy;_stolen_bitcoin_(2014%E2%80%93ongoing)

On google news found 2 recent articles :

https://financefeeds.com/mtgox-trustee-secures-extension-submission-deadline-rehabilitation-plan/

https://www.coindesk.com/2-billion-lost-in-mt-gox-bitcoin-hack-can-be-recovered-lawyer-claims

In march 2020, the trustee got an extension up to July 1st 2020 but what happened since ?
Will the defendants get the 2014 USD value of their bitcoins held in mtgox or the current value ?
13  Other / Politics & Society / Every crisis is an opportunity for the government to grow its power on: March 18, 2020, 01:38:12 AM
Price fixing, privation of freedom, nationalization, the crisis will justify everything and most will accept it for the good of society but the next one in charge of the big central government could abuse these new powers and we will have been trained to accept it.

It's very toxic to see how the states chose to turn their back to reality, to the free market and to osound money.

Our cash should not go to bail out poorly managed companies that have been buying back their prices instead of saving such as most US airlines or to fixe prices because there is a huge opportunity cost to it. Our ressources should go to the companies that innovate  and create great products for consumers, the companies that have the ingenuity to do more for a smaller price that their competitors because they are the ones creating a lot value and the profit is their reward. Some companies had the foresight and prudence to keep enough cash and ingenuity to survive adversity.

The central government cannot print the economy it wants. Value comes from competition and freedom that reward the ingenious.
14  Economy / Exchanges / Bitmex liquidation fund refunded to biggest traders ? on: January 12, 2020, 03:35:23 PM
Bitmex has a huge insurance fund :  https://www.bitmex.com/app/insuranceFund

As of this morning there is : 33 749 XBT in it so 275 millions of USD at current market price.

Does it need such a big fund and have they withdrew from it for an other purpose than fund unfilled liquidation orders ?

If they never withdraw from it, it could grow way bigger than needed, I am curious if there is some information available in terms of speculating what they could do with it in the future

Once in a while, it goes down, for example :
10/3/2016   37,3167 XBT
10/2/2016   43,7329 XBT

6/23/2016   24,4343 XBT
6/22/2016   48,7981 XBT
15  Bitcoin / Bitcoin Discussion / Peter Schiff, the famous investor, does his first youtube live and on: July 16, 2019, 01:24:09 AM
Peter Schiff, the famous investor, does his first youtube live and asks to be convinced of the value of Bitcoin :

https://www.youtube.com/watch?v=clbHyIAc8U0 He is an honest libertarian, that should be interesting.
16  Economy / Economics / What the true believers know but don't express well on: March 03, 2019, 11:29:26 AM
For the true believers, Bitcoin will always have value as long as it exists.

We will be happy to work or sell goods for 1 btc even if we know the price will move in the future.

The increase of true believers, of their revenue and of their networth drives the price up because as they get older, they get richer and as they get richer, they get more bitcoins. The process takes year and increases bitcoin's strengh and bottoms.

It's not a year or 2 bear market that will chase previous true believers and new true believers arrive in the community everyday and it's pushing the price higher.
17  Economy / Lending / What are the best lending options to get interest payments in bitcoins ? on: December 05, 2017, 10:30:53 PM
There is a third-party risk when you keep your bitcoins on a website, a lot of us want to avoid this risk but it's interesting to consider the options to invest a portion of your bitcoins holdings and get a positive return instead of having your bitcoins just sit in the wallet.

Just-dice was trusted and successfully returned gains to investors : you could invest in the site bankroll and play against the players with a 1% edge. You had third party risk and a gambling whale could make you lose money.

As of today, freebitco pays daily 4.08% of annual interest on any BTC you keep on the website and bitfinex pays you to lend the bitcoins for traders to short bitcoins, what do you think of these two options and what other options do you know ?
18  Economy / Economics / Bitcoin is probably a short-term bubble guys. on: November 19, 2017, 03:16:01 PM
I would like to tell you my opinion about the Bitcoin market.

Bitcoin has a solid base of believers that trust the system, are optimistics and hold during huge bear markets. It has helped bring stability to the network and bottoms to the market.

Also, Bitcoin is useful in a lot of cases. It's an alternative way of storing value, it's much more decentralized than the banking system, we can securite it away from the banking system and move it across the globe and the amount in circulation is not decided by a government entity.

That being said, we are not in 2014 and the price is relatively high at a 129 billions $ total valuation of BTC in circulation. Remember when it was in the 200s for a while ? It was a valuation of a few billions, it went up 35 fold.

The PR campaign has been good, smart people have build around Bitcoin and crypto, the system and the community have grow without any catastrophic events and it proved the technical robustness of Bitcoin.

The adoption increased but it is not even close to be where it should be to be widely adopted and have less price volatility so a valuation of 100 billions of $ or more is questionable, it's not much use as a currency either and it's a store of value only if you accept the very high volatility.
It's too thin of an analysis to just state that the volatility is not a problem because it will not be there when Bitcoin is widely adopted. While the volatility could decrease, it will likely still be high even at much higher rate of usage and at a higher valuation until the usage is a high percentage of the total amount of currency in use. Even at a 1000 or 5000 billions of $ of valuation, catastrophic events or a decrease in confidence will send the price coming down rapidly.

All the speculators are jumping in, hedge funds are buying, the optimism is extremely high and keeps getting higher as the price goes up. The correlation between btc google search and btc price is known as being 1. Most people are buying to make a profit and sell Bitcoin to get more fiat from another buyer.
The optimism is already included in the price so a correction seems likely short term because when the optimism goes down so will the price. Depending on how low it goes, how long it stays low and how high it rebounds, it will impact the optimism around Bitcoin then problems such as the relatively high transaction fees or BCH being an alternative will not be disregarded anymore.
The price is high because many persons have it and want the price to go up and many more have been added to the pool, the due diligence analysis that are done on the market and the current state of affairs are very low.
We hear people not buying gold because bitcoin has been going up while gold has been stable, it's indeed one of the reason a lot of people have choose bitcoin over gold but when gold price goes up, some bitcoin wealth should move to gold and the gold momentum will be great for gold.

How low can we go ? It could certainly go down close to 1000$ since mining will still remain profitable for some.


When the US and European economies will come crashing down, the FED will create a lot of $ to save the system, it may or may not succeed in saving the system and avoid the biggest violences but it will not save the Dollar as the world currency. When there is war and violence, the State diminishes liberties and jack up taxes and when they will have a chance they may create a Fedcoin invoking the war on drug and crime and the need for more stability and transparency. It will bad for privacy and individual liberties so other crypto will be useful, including Bitcoin, justifying a 2017 USD valuation in the tens of billions.

The idea that Bitcoin can be a store of value for high net worth individuals and that they will have Bitcoin in their allocation portfolio is more plausible than Bitcoin becoming a currency anytime soon, it could bring the price even much higher. It's less a problem to have your bitcoins lose 20% if it's 1% of a multi millions $ portfolio.
Anyway, all the value, time and effort that goes in bitcoins and crypto will create great returns in terms of developing the use of blockchain and using crypto such as the value brought to internet companies during the dotcom bubble were not all lost, some great companies emerged.
19  Economy / Economics / Bitcoin is probably a short-term bubble guys. on: November 19, 2017, 03:15:00 PM
I feel I will tell you my opinion about the current Bitcoin market.

Bitcoin has a solid base of believers that trust the system, are optimistics and hold during huge bear markets. It has helped bring stability to the network and bottoms to the market.

Also, Bitcoin is useful in a lot of cases. It's an alternative way of storing value, it's much more decentralized than the banking system, we can securite it away from the banking system and move it across the globe and the amount in circulation is not decided by a government entity.

That being said, we are not in 2014 and the price is relatively high at a 129 billions $ total valuation of BTC in circulation. Remember when it was in the 200s for a while ? It was a valuation of a few billions, it went up 35 fold.

The PR campaign has been good, smart people have build around Bitcoin and crypto, the system and the community have grow without any catastrophic events and it proved the technical robustness of Bitcoin.

The adoption increased but it is not even close to be where it should be to be widely adopted and have less price volatility so a valuation of 100 billions of $ or more is questionable, it's not much use as a currency either and it's a store of value only if you accept the very high volatility.
It's too thin of an analysis to just state that the volatility is not a problem because it will not be there when Bitcoin is widely adopted. While the volatility could decrease, it will likely still be high even at much higher rate of usage and at a higher valuation until the usage is a high percentage of the total amount of currency in use. Even at a 1000 or 5000 billions of $ of valuation, catastrophic events or a decrease in confidence will send the price coming down rapidly.

All the speculators are jumping in, hedge funds are buying, the optimism is extremely high and keeps getting higher as the price goes up. The correlation between btc google search and btc price is known as being 1. Most people are buying to make a profit and sell Bitcoin to get more fiat from another buyer.
The optimism is already included in the price so a correction seems likely short term because when the optimism goes down so will the price. Depending on how low it goes, how long it stays low and how high it rebounds, it will impact the optimism around Bitcoin then problems such as the relatively high transaction fees or BCH being an alternative will not be disregarded anymore.
The price is high because many persons have it and want the price to go up and many more have been added to the pool, the due diligence analysis that are done on the market and the current state of affairs are very low.
We hear people not buying gold because bitcoin has been going up while gold has been stable, it's indeed one of the reason a lot of people have choose bitcoin over gold but when gold price goes up, some bitcoin wealth should move to gold and the gold momentum will be great for gold.

How low can we go ? It could certainly go down close to 1000$ since mining will still remain profitable for some.


When the US and European economies will come crashing down, the FED will create a lot of $ to save the system, it may or may not succeed in saving the system and avoid the biggest violences but it will not save the Dollar as the world currency. When there is war and violence, the State diminishes liberties and jack up taxes and when they will have a chance they may create a Fedcoin invoking the war on drug and crime and the need for more stability and transparency. It will bad for privacy and individual liberties so other crypto will be useful, including Bitcoin, justifying a 2017 USD valuation in the tens of billions.

The idea that Bitcoin can be a store of value for high net worth individuals and that they will have Bitcoin in their allocation portfolio is more plausible than Bitcoin becoming a currency anytime soon, it could bring the price even much higher. It's less a problem to have your bitcoins lose 20% if it's 1% of a multi millions $ portfolio.
Anyway, all the value, time and effort that goes in bitcoins and crypto will create great returns in terms of developing the use of blockchain and using crypto such as the value brought to internet companies during the dotcom bubble were not all lost, some great companies emerged.
20  Economy / Invites & Accounts / Buying or selling a poker account on: September 09, 2017, 02:32:50 PM
Hi, is it allowed by seals with clubs and betcoin to buy and sell an account ?

Also how much do you think a 16000 betcoin status points big loosing account should sell ? that's silver II.

Silver II   Betback   Lossback   Rakeback
Casino Slots   0%   1.65%   -
Casino Other   0%   1.65%   -
Sports   0.16%   1%   -
Dice   0.05%   0.5%   -
Poker   -   -   23.3%

Does someone has a betcoin gold account to sell ?
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