Latest posts of: Dread Pirate Roberts

Quote from: sheenshane on June 23, 2018, 04:59:20 PM

Precisely, what to pay tax for even government did support bitcoin as a currency to use. Some reason why some countries are quite on cryptocurrency because they know that this is not controllable with someone else and having a forcing to tax those who have earned in bitcoin. Well, to make this long story short luckily in my country did not implement a tax on crypto we pay tax when we buy goods using our money from bitcoin.

this. we pay taxes for the place we do make transactions for jobs and payments.
but in bitcoin all through online and there are no local companies in the country.
so should not pay taxes. if we not any part of goverment of country of it .

Quote from: Wabaman on April 12, 2018, 07:36:57 AM

I've read an article in the internet that cryptocurrency exchange is growing in number. As of now the number of exchange is already about 500 and counting. Other countries are now creating their very own exchange, does this means that cryptocurrencies is being acknowledged better now than ever before? And if it does, does having more exchange could greatly affect the prices of cryptocurrencies?

But only a few of them have active and safe trading market. make sure the exchange crypto owner is clear and has strong security. because if you ignore it you will definitely just throw money trading there. the amount of exchange is not too influential with the price of crypto. but if there is a case of hacking will definitely have an effect.

Quote from: huntingbtc5 on May 25, 2018, 03:32:29 PM

Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

almost all altcoin in major exchange pairing with BTC.
so when btc drop .pakti altcoin also impact with its own price. even coin like ETH which can be spelled have extraordinary concept still affected of bitcoin price. maybe if there is coin which have a lot feature and platform own can make it happen.

Quote from: pelipurlara on July 05, 2018, 05:33:00 AM

Now many projects are based on ethereum because of its blockchain technology. Bitcoin is very fast in its growth and Ethereum takes time to show its growth. Both are good for investment so Bitcoin and Ethereum are both good coins for investment. Bitcoin is the king of cryptocurrency while ethereum is next to bitcoin. Bitcoin is suitable for long-term and short-term investments. But Ethereum is only for long-term investment

no. there are many projects based on ethereum and many merchants accept it as payment. of its use and function are also many different. ethereum with its platform can create a token for the offered project. and transactions in need of gas. so actually a lot of difference in bitcoin and ethereum.
both of this coin is really good option for investment

there are some that I'm doing right now that is. I'm making my own website business and is in the stage of designing it,
and maybe trading with middle amount capital as usual. and it looks like I'm also interested in building altcoin mining rig.

Quote from: Vjatri on June 25, 2018, 05:22:05 AM

Guys do you think bounty are campaign wastage of time because of we take particiapate in bounty campaign it take 2 to 4 month time the end up and after end the bounty campain it would distribute the token after more 1 to 2 months.
So isn't wastage of time? After taking token you dont know what is the value of token or it is available in exchange or not.

no one wastes time in trying to get something. all need a process and process to achieve your goal is are many moments and drama.
but people continue to do so because they have a certain desire for themselves. if you want get real money as fast go get job in real office as worker.

Quote from: kunis0727 on May 02, 2018, 02:54:39 PM

Is it possible to happen? Altcoins crushing bitcoin in terms of price, trading, etc.? I am just curious about all of your thoughts, so don't hesitate to reply and get yourself justified

This is for all of us to gain knowledge between ALTCOINS and BITCOIN.

for a concept maybe yes. but for the price is not possible. during altcoin pairing with BTC and almost all other coins so.
will definitely affect the price of altcoin itself. if altcoin wants it to happen. he must have a function that is really useful. because with more and more users. will have a lot of real-market activity that users do.

Be wise in managing your capital! and risks are always in your actions. maybe you hope with ICO can double or tripple your assets with it.
but there is potential also you lose your assets or even get nothing.
realistic and do your research in using your money will save your own finances.
that is real money, not paper or game .

there is some altcoin maybe will be forever to be my favorite , and also its depending for what i am using that coin.
for betting i use dogecoin . yeah you get a lot coin with that .
for low transaction i using BCH . pretty low and many major merchant accept it
both of this coin its my favorit coin so far for that reason .

If you trade your bitcoin with local currency. you will definitely receive some money when withdraw into local currency. if your assets get bigger there will be a question from the government. from where did you get the money and how much your income. if the government in your country have the rules about tax crypto. you are very likely taxable for it.

its from my experience from the past. luckily my goverment not have any tax for crypto.

are you sure about this? which you are legally legal there is free to use orjust government have certain regulation rules about this?
i dont expect thailand serious about bitcoin legalization in thailand.

Quote from: virendarnagpal on July 02, 2018, 08:29:38 AM

So I think it is wise decision on t he part of a country where major source of income is from tourism. So it will attract more tourists to this country.

agree bitcoin can attract more tourism to make their easy make any transaction . but for cashflow rules in some country its gonna make more issue about where he got money . what he buy with that money or something like that .

I'm not quite sure there's a pump and dump in bitcoin. one thing I believe and may happen is that bitcoin holders who still hold their coin or coin stolen from an exchange or trustee mt gox who still holds a large amount of coin who sells in bulk and buys it again to keep the price back high. now it seems like movement price pure from trader it self.

Hello OP i think you adding wrong bb code signature for sr member . please check again .
my signature not even same like in preview .

Name: Dread Pirate Roberts
Rank: Sr. Member
Nexybit ID: misterg638
Nexybit Exclusive Bitcoin Address: 3NbYPk6fMiNYgCVpVUjgMbqfU7W1Hhfywa

Quote from: jonaire99 on June 24, 2018, 07:20:29 AM

The bear is stronger than the bull for many weeks until now and it might take time for the bitcoin to recover again. Some are hoping that altcoins will recover even if bitcoin continuous to go down but many of them are also dragged down. Bitcoin may stage a bounce back but nobody know when this recovery start so all I have to do is to hodl more.

Hoping altcoin will recover the price when bitcoin is falling drastically it just seems a dream or a miracle. because all altcoins are mainly paired with BTC so it will definitely have an impact on altcoin prices as well. That can be done when conditions like this are just by constantly keep watching the p prices and taking the chance of buying a slightly more cheaper to make it profit in total coin .

Quote from: rajkr on June 22, 2018, 04:04:33 AM

I have seen many times that in local market BTC price are quite change from international market. Once the price of BTC in Indian market (Zebpay)used to be 2-3 lacks more than the price in bitfinnix. But todayBTC price in Indian price is 1 lack less than the price in bitfinnix , which is big ammount in terms of percentage.

it seems that it does not just happen in your country in india. likealy asian market such Indonesia, china, korea also have a price that is quite different from the market price that should be. a definite possibility is the presence of certain parties who lead the market so that the original price is different from the global exchange. they take the opportunity from a global purchase with fiat because the fee will definitely make the user think twice in arbitrage.

Government does not want to let its citizens lose assets. because crypto is different from stock market. price is very fluctuating.
and also they still assume anonymous payments can be used for transaction for weapon , drugs and illegal thing.
so they still have not provided the regulation. this is based on major facts in my country.

Quote from: asdnguyenthanhtin on June 21, 2018, 06:04:49 AM

But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits

I'm not so sure there are countries that want to take advantage for their own. everything for sure is for country and their citizen it self .

Quote from: EvaGC on May 25, 2018, 12:13:27 PM

-snip-
Another?

Vulnerable from security of exchange and manipulation and abuse of exchange.
You may think of a big exchange with a regular system and the security that is maintained by professionals is always safe. the reality is not like that because there must be a time gap where it will be a disaster for an exchange and user. and abuse of exchange that I mean such as allowing fraud funds into the exchange can also be a problem. because if the case begins to carry the law. exchange can also have an impact.
+

Do your own research before using your money for anything like investing or trading in coin.
You definitely do not want to lose your assets foolishly for lack of information or for receiving invalid information.
and also always wise in making decisions and consistent in running it. You may be able to spend money for the investment. but you should also have a plan for your finances.