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1261  Economy / Speculation / Re: Bitcoin still a buy despite recent losses on: May 29, 2018, 12:22:41 PM
For those who want to read the full article:

He's right in my opinion. Bitcoin has always been one of the most stable cryptos to date, and it still definitely has the brightest long-term outlook among the major ones. Heck, I would even go one step further and say sell everything and just hold Bitcoin instead. It's hard to justify diversification when everything moves pretty much the same way like 90% of the time. Might as well hold the safest one, right?
1262  Other / Beginners & Help / Re: REMINDER: Protect Your Investment! on: May 29, 2018, 08:43:21 AM
What kind of cryptocurrency can be stored on a hardware wallet? Can we also store those airdrop tokens there?

Each of them has a very specific list of which coins they support. The most popular alts are typically supported. If you're interested in one, you should try visiting their website. Make sure you don't buy from third parties.

To answer your question though, it would depend on the token. I know Ledger and Trezor supports ERC20 tokens (ones that run on the Ethereum blockchain), but I'm unsure about the other kinds. Airdrop tokens of the ERC20 variety could definitely be stored in them.
1263  Other / Beginners & Help / Re: Masters program in cryptocurrency on: May 29, 2018, 08:32:51 AM
This is the only one I've found, in Brazil:

One question though: why? There are free online courses that cover a lot of ground (Coursera comes to mind), and there are resources all over the internet that are likely enough for you to be able to learn what you need to learn. I guess it does make sense if you want to go purely from an academic perspective though.
1264  Bitcoin / Bitcoin Discussion / Re: Is energy consumption going to hold bitcoin back? on: May 28, 2018, 01:49:48 PM
How exactly is it going to be held back by its energy consumption? Is the massive amount of consumption even a problem in the first place? It's not like we're under an energy crisis or anything. The gradual rise of renewable energy technology should also help curb any long term concerns -- I believe that we're bound for a breakthrough and it will invalidate any so called problems.

Pollution is a potentially big issue, but I imagine it would be hard to map out precise numbers to mining.

As for miner profitability, well, I would say it's best to let the system and its difficulty adjustments fend for itself. I personally don't see any red flags that would require any intervention.
1265  Bitcoin / Legal / Re: KYC is bullshit on: May 28, 2018, 01:27:36 PM

To be fair, Bitcoin was the first crypto, and it wasn't really built with complete anonymity in mind. A case could even be made against that, considering how the ledger is completely public. But yeah, I'm nitpicking here lol.

This is an unfortunate side effect of regulations starting to creep in. You also need KYC for pretty much anything that relates to money, and if crypto is money, then it follows that it should be held to similar standards. I'm not saying it's fair, but you sadly can't have it both ways.
1266  Bitcoin / Bitcoin Discussion / Re: Announcement for all the newbies who follow Bitcoin in social media and Reddit on: May 28, 2018, 01:15:24 PM
I think that the argument that Bitcoin Cash is Bitcoin usually just means that they think it should be regarded as Bitcoin - they generally don't mean exactly what they're saying.

Yeah, I prefer giving them the benefit of the doubt and try to think to myself that this is basically their rationale. I mean, even if we were to assume that its founders are frauds, I'm sure that some people actually believe in the ideology. There are multiple ways to approach a single problem after all, and bigger blocks is a fairly direct-to-the-point solution to address scaling.

That being said, I'm still against their marketing because I believe that it's misleading.
1267  Bitcoin / Legal / Re: Why are USA citizens not allowed to participate in ICO on: May 28, 2018, 01:00:18 PM
I see, I thought there is an automatic IP detection that could block a US citizen once accessing the ICO websites, just like other cases, that prohibits a certain country to gain access to such site. Like pornography, some websites in my place were being blocked but not all. 
Thanks for enlightening btw.

I would be surprised if they went this far. All they would really need to do is to say US residents are not allowed to participate and have them swear on the ToS that they're not US residents. That way, they get more potential customers by giving people an opportunity to lie and participate, and it pretty much frees them of the legal responsibilities.

But yeah, the SEC is clamping down, and ICO organizers generally like easy money. Very few of them actually want to go through the trouble of complying with regulations when there's still a lot of business elsewhere.
1268  Other / Beginners & Help / Re: What is spoofing and wash trading ? on: May 28, 2018, 12:47:05 PM
I'll try going for a quick tldr;

Wash trading, in the traditional sense, is buying stocks through one broker and selling through another in an attempt to create fake trading volume. This is also applicable in crypto, and is bad because it fools other people into thinking the market is more active than it actually is. The manipulator can cause others to make bad investments, and at the same time, sell his holdings higher at the expense of other people.

Spoofing is creating buy orders only to cancel them. Done on a scale large enough, a manipulator can raise prices with ease and take advantage of it by selling.

As for solutions, they're being kept in check in traditional markets through trading regulations. Regulators could probably force exchanges to comply with anti-manipulation practices in the future.
1269  Other / Beginners & Help / Re: Print bitcoin privat key for physical coin on: May 28, 2018, 12:32:32 PM
You can save the secret key code with Notepad, Text Document, Excel, sau đó tải lên google drive hoặc qua tin nhắn của facebook. This is the way to save the key code in transparent multiple year.

This is actually a very bad idea because if your computer gets compromised, your private key could get stolen. If you only store them physically, they would have to be physically stolen. Store them digitally and you also run the risk of having them stolen remotely.
1270  Bitcoin / Legal / Re: Can Bittrex report me outside of US ? on: May 25, 2018, 08:54:55 AM
The Coinbase ruling is specifically for the IRS, and the IRS doesn't have any jurisdiction over your taxes. Even if the IRS somehow got their hands on your data, I seriously doubt they would waste time reporting you to the proper authorities. That also means Bittrex won't send your data to your tax agency unless they are specifically requested to provide it, and even then they could choose not to.

I do not recommend not declaring transactions, but no, I don't think you're fucked. You could probably get away with not doing anything right now, but you risk being in bigger trouble in the future in case France pulls an IRS-like move. I'm not saying it will happen, just that it could, and all things considered it may simply be safer to just declare your losses (I mean if they're as big as you say they are, you shouldn't get a big tax bill anyway) and move on.
1271  Bitcoin / Legal / Re: India May Levy 18 Percent Tax on Cryptocurrency Trading Starting July 2018 on: May 25, 2018, 08:42:06 AM
That sounds pretty hefty. Would you still need to pay income tax on any gains by holding? That would be ridiculous if so. But uh, I guess this legitimizes crypto and would shut the door on any talk of bans in the foreseeable future. Can't have it both ways, I guess.

On a related note, does the RBI still want banks to close accounts that deal with cryptocurrencies? Would taxation affect that?
1272  Bitcoin / Bitcoin Discussion / Re: South Africa Kidnappers demands Ransom in Bitcoin to free teenager on: May 24, 2018, 10:28:52 AM
I don't think it'll change critics' views. They've already made up their minds that Bitcoin is evil, so this is just another drop in the bucket. Never mind the fact that kidnappers have asked for cash in kidnappings since time immemorial.

But yeah, it kind of baffles me why they would ask Bitcoins as ransom money. They realize they're going to have a ridiculously hard time spending it because the addresses involved will be heavily monitored right? Cash would be a lot easier to hide and spend. They're probably planning to escape overseas or something, and even then, their identities could still be traced fairly easily. It kind of makes me think that the kidnappers themselves know nothing about the technology. Misconceptions work both ways, if that were the case, and they will be brought to justice because of Bitcoin lmao.
1273  Other / Beginners & Help / Re: Need help, noob here... on: May 24, 2018, 10:17:31 AM
Nope. There is no central authority that handles lost Bitcoins. For your case specifically, you likely got scammed, and if so, I don't think there's a way to get your Bitcoins back. Bitcoins that are lost are typically lost forever.

That being said, it's entirely possible that there was just a misunderstanding on your part, so if you could share what happened, someone may be able to help you. The exchange itself, if you used one, may even be able to give you your coins back depending on the situation.
1274  Other / Beginners & Help / Re: Bitcoin Forks on: May 24, 2018, 10:11:11 AM
What they are:

Are they safe:

They don't affect you or your coins in any way. The complications start when you start claiming them. Once a fork is launched, you're likely to find a lot of wallets, in which you will need to import your Bitcoin private key to gain a corresponding amount of the forked coin. Fake wallets are going to take your private key, and steal any Bitcoins within. Make sure you only use the official wallet for the fork and empty the Bitcoin address whose private key you will import beforehand.

How to earn:

Once you claim them, you hold then sell, or you sell immediately. You earn from them just like you earn from any other altcoin, except you got them for free.
1275  Bitcoin / Bitcoin Discussion / Re: Let's be honest bitcoin dies if the investors greed is not fulfilled on: May 24, 2018, 09:55:25 AM
Die is a strong word.

I imagine traders are going to want to stay away because it's going to be hard to profit, but holders who have already taken out significant returns are likely to stay and let their money sleep for a while. I wouldn't say stagnancy will kill Bitcoin, but it could very set adoption back, if nothing else. Merchants are willing to accept Bitcoin payments because of the increasing number of holders, so that number dropping could also hold back merchant acceptance. Purists and enthusiasts, of which there are quite a few, won't bat an eyelash to this.

That being said, everyone will be rushing back once Bitcoin is ready for primetime, so I don't mind. Utility that rivals that of Visa, et al., which is the end game, will be the driver to true adoption anyway.
1276  Economy / Speculation / Re: Criminal investigation into bitcoin price manipulation? on: May 24, 2018, 09:42:16 AM
For those of you who want to read the actual article:

Before overreacting, I'd like to know how they're going to be doing the probe. Are they, themselves, going to watch exchanges and have access to all the transaction data, or are they going to basically have the exchanges follow some anti-manipulation protocols? I would be fine with the latter, but I imagine the former is going to be a disaster.

If we're only at the price level we are now because of rampant manipulation, I would imagine we're going to be in for quite a crash.
1277  Bitcoin / Bitcoin Discussion / Re: Can you recieve stolen bitcoins using a bitcoin mixer? on: May 24, 2018, 09:31:35 AM
You could very well end up with stolen coins, and they could very well be tracked to you. Any investigator worth their salt, however, won't assume that just because you came into possession of them means you're the thief. There are going to be a lot of factors involved, like how the mixer works, could they have access to the mixer's logs, etc. Worst case scenario, probably, is you get tracked down and questioned.

For as long as you're not doing anything shady with mixers, you shouldn't have anything to fear in the least.
1278  Other / Beginners & Help / Re: 🔥 MUST READ: Bitcoin & Cryptocurrency Scams to Watch out for on: May 22, 2018, 08:03:38 AM
You may also want to link this in case people don't believe that most ICOs are scams until they see actual figures lol. Perfect for that red text "a good percentage of ICOs are indeed scams":

Aaand you should have enough merits to be a member for those images now! Keep up the good work!
1279  Bitcoin / Bitcoin Discussion / Re: Alibaba's Jack Ma Calls Bitcoin a Bubble (BTC) - Do you care? on: May 18, 2018, 02:54:02 PM
Here's a proper link:

I personally don't care, and I don't see why anyone else should. Whether or not Bitcoin is a bubble is a matter of opinion at this point, and only time will tell which side has been right all along. But yeah, billionaires seem to be speaking against Bitcoin one after another lol. I don't think there's any conspiracy or collusion between them of any sort, and it doesn't look like the market cares about their opinions anyway, so all is well.
1280  Bitcoin / Bitcoin Discussion / Re: Bitcoin to use 0.5% of world’s electricity by end of 2018 on: May 18, 2018, 02:40:48 PM
That's pretty interesting, but how are the numbers on a per country basis? China still seems to generate majority of the network's hashrate; does mining there cause any substantial damage to the country at all? I would guess that's a no, and that it would also be a no for any other country with significant mining operations. That means that this particular statistic isn't worth raising any alarms over.

Even if it does alarm regulators, they should be basing their decisions on statistics within their own country, because there's no point in citing worldwide numbers for domestic regulations. I don't think Bitcoin mining has ever caused severe power shortages anywhere yet, except maybe on some severely depressed areas, where it should probably be rightfully throttled.
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