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Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Whats needed to develop a cryptocoin???
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on: August 31, 2017, 10:35:45 PM
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It depends on a lot of factors....you need a developer if you want to make a coin that is going to last more than 60 days, etc....the first question you want to ask is what is the core tech do you want to use? Bitcoin, ethereum, other? If you choose other how stable is that tech? You see people deal with major hacks when it comes to new coins. Then you need to decide proof of stake or proof of work....that strategies, marketing, etc. are both vastly different....so lot to think about...but above all you need a good developer.
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Bitcoin / Project Development / Re: Need consultation on coin listing at exchanges
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on: August 22, 2017, 03:16:33 AM
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I heard yobit was not a good exchange to work with, I don't know because I trust the person that told me to stay away from it and I think you should too. I would also list in the exchanges that your customers would want to trade at. Some exchanged are friendly to X countries than others.
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Bitcoin / Project Development / Seeking experience ICO managers
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on: August 22, 2017, 03:14:19 AM
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We are seeking experience ICO managers who have extensive experience in managing campaigns, engaging with the forum, providing forms, etc. We like how some of the ICO's were handled but didn't like others were handled and wanted to look for someone that would do a fantastic job.
Please PM as to what you can offer and the cost.
Thank you in advance.
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Bitcoin / Project Development / Re: Should I start own exchange website?
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on: August 22, 2017, 03:11:44 AM
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I am curious about this question but more in regards to what is the tech that is used to build an exchange, how much should it cost or how many hours of development should it consist of. I have contacted a few people to find out and the price varies.
Let me know if someone can provide some guidance here.
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Other / Beginners & Help / Re: Wallet vs Exchange
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on: July 13, 2017, 12:38:09 PM
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definitely keep in cold storage at least 90% of your bitcoin or whatever cryptocurrency the rest in a few exchanges that you want to trade in... just so many wallets in exchanges being hacked....
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Other / Meta / Re: Rank wtf?
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on: July 13, 2017, 12:27:54 PM
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The whole system of ranking is based on a few factors like how long you are on the website, the posts within a two weeks period. The links provided above definitely should point you in the right direction. I read all of that before I started as I wanted to understand the culture and ethos of this board, which I respect.
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Bitcoin / Legal / Re: IRS Rules for Virtual Currency / Bitcoin
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on: July 03, 2017, 09:14:41 PM
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taxes as property or capital gains which is based on your tax bracket so the question i have is....if i bot a virtual currency at basically 1 dollar sold it at 10 and then converted it to bitcoin then converted it to usd and then to a bank account in the usa...what is the cost basis? I assume it would be the virtual currency price but this is also not clear.
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Bitcoin / Legal / Re: Poloniex Lending for US Taxpayers Tax Question
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on: July 03, 2017, 08:34:55 PM
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I believe it should be reported as interest income but given how vague everything is you may want to be conservative and choose the total number that gets tax the most. Nevertheless, I would advise talking to a tax expert on this. Bitcoin aand cyrpto currencies according to the IRS is like property. So, if you have proof of a cost basis and then show the trades (all of them) you need to report the net and all of the interest, "dividends" etc.
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