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Economy / Speculation / Re: Bears still dominate the market, downtrend remains intact
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on: March 26, 2018, 05:06:44 PM
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Minor attacks initiated by bears continue emerging on hourly chart, the market is dominated by bears as we’ve seen no resistance from bulls so far.
Some investors believe bull market is near the corner, but it doesn’t make sense to me in logic. If price surges from here, main funds have no profits to make, as we all know, they will remain control over the market before they maximize their profits.
Volumes remain low on daily chart, indicating that even bears are not as determined as expected. Currently, price hovers around a short-term support, making it possible for price to continue oscillating move.
But if bulls remain silent and take no further actions, support will be digested and a major dip will take place after that.
Here comes the short-term conclusion, basically, price will keep oscillating, if BTC fails to surge after having been moving sideways for a long time, downtrend will be the main story.
Original by Kuang Ren, translated by AICoin Jami.
Honestly I feel like bulls will appear regardless as long as the price drops. The bulls just want to start trends so that they can buy at the lows and watch the price be impacted by the high run. Even though the price hovers at a short-term support, there is likely a point where even if the price drops, we'll see an upward trend soon after that because there are still strong supporters of the coin. We just have to wait and see how the market reacts after this stand-still area. |
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Bitcoin / Bitcoin Discussion / Re: Does bitcoin have the possibility of hitting $30K before the end of the year?
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on: March 25, 2018, 07:22:37 PM
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We all know the cryptomarket has been on a downward trend since the second week of january.
Now it seems like the market correction and retracing is over.
Do you think bitcoin has the capability to hit the $30,000 mark before the end of 2018?
I think the coin does have the capability to do so, but I highly doubt it will actually happen. The reasons for that being that we're 3 months into the year and it doesn't seem like there's as much momentum in bitcoin as there was during last year. There needs to be some surge that gets the general interest back so that people can start finding ways to buy in and get other people to buy in too. That essentially raises the price for everyone, and if there's promise, then more people will start buying. As of now, it seems like the hype around crypto has died down because people saw how much BTC dropped and don't want anything to do with it anymore. While I don't agree with people's ideals a lot, I understand why many people pulled their money out (They're just nervous). |
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Bitcoin / Bitcoin Discussion / Re: Passive income from Bitcoin?
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on: March 24, 2018, 07:05:57 PM
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As the title says, is passive earning from Bitcoin is possible nowadays. Let's face the facts mining is very much expensive for most of the users and I have encountered with many people who think they do not have any skill or do not want to learn any soon. There must be anyway by which you can make money by using most of your time by investing only once or by a little investment.
I always find passive earning to be a very interesting field to think about. When I think about passive earning, I want to say that it should be a form of income where you may not be making as much as if you were to work for 8 hours a day, but that often is not the case with cryptocurrencies. If you're investing, then you have to spend a good amount of your time looking at what you're putting your money into and doing research. However, with some other forms, such as signature campaigns, I think bitcoin can be considered a medium of passive income. So in general, I think it's just based on what method one is thinking about in terms of passive earning. |
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Economy / Economics / Re: HODL mentality destroys the currency aspect of Bitcoin
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on: March 24, 2018, 01:02:51 AM
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It seems like only a small fraction of bitcoins as well as other cryptocurrencies gets earned while the vast majority of the coins are bought. But when people buy coins, they obviously aim exclusively at selling them later at a higher price, which is what speculation basically consists in because it makes no economic sense to buy a cryptocurrency to spend it on goods when people can easily spend fiat instead. However, if the price goes down, people aren't going to spend their coins either. And whenever someone complains about prices going down, the only reply they receive is just to hold to their precious bitcoins, no matter what the price could or would be. I have yet to meet anyone telling these bag holders to spend their stashes on something useful.
Apparently, the HODL mentality kills the currency aspect of Bitcoin.
I agree with this. Bitcoin needs to be used more often to be considered a currency. It's similar to gold when you think of it as a currency, but it's significantly more versatile than gold is. People have been using it to actually buy things, unlike gold more recently. However, I guess one benefit of "Hodling" is that bitcoin ends up being more like an asset. You can see it as a stock now, because there is supply and demand for it, and there are active exchanges that are willing to link those who want to sell with those who want to buy. |
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Economy / Speculation / Re: I am a time-traveler from the future, here to beg you to stop what you are doing
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on: March 24, 2018, 12:59:13 AM
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This is Reddit post, originally posted in 2014 by Luka Magnotta https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/I think the most impressive is the date. How come 4 years ago this guy predicted bitcoin price would reach 10k USD in 2017? This is a very good reading, hope you guys enjoy. Some people may have read it already.
I am sending this message from the year 2025. Things are looking bleak here, and some of you will carry blood on your hands. If you don't believe me, please move on, as I have no way of proving to you I'm really who I claim to be. I don't want to waste any of your time, so I'm merely going to explain what happened. On average, every year so far, the value of Bitcoin has increased by about a factor ten. From 0.1 dollar in 2010, to 1 dollar in 2011, to 10 dollar in 2012, to 100 dollar in 2013. From now on, there's a slight slowdown, as the value increased by a factor ten every two years, to 1,000 dollar in 2015, to 10,000 in 2017, 100,000 in 2019, and 1,000,000 in 2021. From here onwards, there's no good way of expressing its value in dollars, as the dollar is no longer used, nor is any central bank issued currency for that matter. There are two main forms of wealth in today's world. Land and cryptocurrency. There are just over 19 million Bitcoin known to be used in the world today, as well as a few hundred thousand that were permanently lost, and we're still dealing with a population of just over 7 billion people today. On average, this means the average person owns just under 0.003 bitcoin. However, due to the unequal distribution of wealth in my world, the mean person owns just 0.001 bitcoin. That's right, most of you reading this today are rich. I personally live next to an annoying young man who logged into his old Reddit account two years ago and discovered that he received a tip of 0.01 Bitcoin back in 2013 for calling someone a "faggot" when he was a 16 year old boy. Upon making this discovery he bought an airline ticket, left his house without telling anyone anything and went to a Citadel. "What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar, services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king. In my world, soon to be your world, most governments no longer exist, as Bitcoin transactions are done anonymously and thus most governments can enforce no taxation on their citizens. Most of the success of Bitcoin is due to the fact that Bitcoin turned out to be an effective method to hide your wealth from the government. Whereas people entering "rogue states" like Luxemberg, Monaco and Liechtenstein were followed by unmanned drones to ensure that governments know who is hiding wealth, no such option was available to stop people from hiding their money in Bitcoin. Governments tried to stay relevant in my society by buying Bitcoin, which just made the problem worse, by increasing the value of Bitcoin. Governments did so in secret of course, but my generation's "Snowdens" are in fact greedy government employees who transferred Bitcoin to their own private account, and escaped to anarchic places where no questions are asked as long as you can cough up some money. The four institutions with the largest still accessible Bitcoin balance are believed to be as following: -ASICminer - 50,000 Bitcoin -The IMF's "currency stabilization fund" - 70,000 Bitcoin -Government of Saudi Arabia - 110,000 Bitcoin -The North Korean government - 180,000 Bitcoin Economic growth today is about -2% per year. Why is this? If you own more than 0.01 Bitcoin, chances are you don't do anything with your money. There is no inflation, and thus no incentive to invest your money. Just like the medieval ages had no significant economic growth, as wealth was measured in gold, our society has no economic growth either, as people know their 0.01 Bitcoin will be enough to last them a lifetime. The fact that there are still new Bitcoin released is what prevents our world from collapse so far it seems, but people fear that the decline in inflation that will occur during the next block halving may further wreck our economy. What happened to the Winklevoss twins? The Winklevoss twins were among the first to die. After seeing the enormous damage done to the fabric of society, terrorist movements emerged that sought to hunt down and murder anyone known to have a large balance of Bitcoin, or believed to be responsible in any way for the development of cryptocurrency. Ironically, these terrorist movements use Bitcoin to anonymously fund their operations. Most people who own any significant amount of Bitcoin no longer speak to their families and lost their friends, because they had to change their identities. There have been also been a few suicides of people who could not handle the guilt after seeing what happened to the bag-holders, the type of skeptical people who continued to believe it would eventually collapse, even after hearing the rumors of governments buying Bitcoin. Many people were taken hostage, and thus, it is suspected that 25% percent of "Bitcoin rich" actually physically tortured someone to get him to spill his password. Why didn't we abandon Bitcoin, and move to another system? Well, we tried of course. We tried to step over to an inflationary cryptocurrency, but nobody with an IQ above 70 was willing to step up first and volunteer. After all, why would you voluntarily invest a lot of your money into a currency where you know your wealth will continually decline? The thing that made Bitcoin so dangerous to society was also what made it so successful. Bitcoin allows us to give into our greed. In Africa, surveys show that an estimated 70% of people believe that Bitcoin was invented by the devil himself. There's a reason for this. It's a very sensitive issue that today is generally referred to as "the tragedy". The African Union had ambitious plans to help its citizens be ready to step over to Bitcoin. Governments gave their own citizens cell phones for free, tied to their government ID, and thus government sought to integrate Bitcoin into their economy. All went well, until "the tragedy" that is. A criminal organization, believed to be located in Russia, exploited a hardware fault in the government issued cell phones. It's believed that the entire continent of Africa lost an estimated 60% of its wealth in a period of 48 hours. What followed was a period of chaos and civil war, until the Saudi Arabian and North Korean governments, two of the world's major superpowers due to their authoritarian political system's unique ability to adapt to the "Bitcoin challenge", divided most African land between themselves and were praised as heroes by the local African population for it. You might wonder, what is our plan now? It's clear that the current situation can not be sustained, without ending in a nuclear holocaust. I am part of an underground network, who seek to launch a coordinated attack against the very infrastructure of the Internet itself. We have at our disposal about 20 nuclear submarines, which we will use to cut all underwater cables between different continents. After this has been successfully achieved, we will launch a simultaneous nuclear pulse attack on every densely population area of the world. We believe that the resulting chaos will allow the world's population to rise up in revolt, and destroy as many computers out there as possible, until we reach the point where Bitcoin loses any relevance. Of course, this outcome will likely lead to billions of deaths. This is a price we are forced to pay, to avoid the eternal enslavement of humanity to a tiny elite. This is also the reason we contacted you. It doesn't have to be like this. You do not have to share our fate. I don't know how, but you must find a way to destroy this godforsaken project in its infancy. I know this is a difficult thing to ask of you. You believed you were helping the world by eliminating the central banking cartel that governs your economies. However, I have seen where it ends. I think this is cute and all but I really don't believe it. The account was deleted right after, and there is little to no proof behind his statements. If he actually is from the future why wouldn't he be afraid to prove it? It seems so odd that I actually have to prove that this guy isn't from the future, but people here are willing to believe almost anything. Bitcoin reaching 10k in 2017 is a very common prediction. Furthermore, if he knew how the trend would actually be going, why wouldn't he mention that it actually reached 19k in 2017 instead? Too many holes in this story for me... |
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Bitcoin / Bitcoin Discussion / Re: Mandela's Gold Hands Sculpture purchased with Bitcoin for $10 million
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on: March 24, 2018, 12:55:10 AM
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I feel like this happens very often ("this" being bitcoin used as a payment option). I hope that we can come to the day where the headlines aren't that bitcoin was used, but more so that someone just bought something. At that point, bitcoin will be truly successful and treated like any other currency. Who knows, maybe this is a way for Arbitrade to get rid of Bitcoin because they don't see a future in it. Although it may not seem likely, I think it's worth giving some potential thought to those outlying ideas. |
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Economy / Speculation / Re: Will the geomagnetic storm influence the BTC price again March 18 ???
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on: March 15, 2018, 04:29:26 PM
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According to scientists at RAS (Russian Academy of Sciences), a third huge magnetic wave is approaching our planet, to be exact March 18 - read article on Awarenessact posted March 4. The FED published a study in 2013 where a negative trend was confirmed every time such geomagnetic waves came our way. (please search on Google “geomagnetic storms stock market”) The previous two dates of the geomagnetic wave were January 15 and February 19, both followed by a dip in bitcoin price, therefore in the crypto marketplace:  What could this mean? Are we going to experience another strong dip March 18 before starting the bull trend? I cannot answer these questions, and nobody probably can, however if we take these geomagnetic fields into consideration, maybe around March 18 there could be another low before we enter the bull trend. The FED study discovered that stock market returns are lower in the six days after a geomagnetic storm. I don’t consider geomagnetic fields as the base of my analysis, but it’s just an interesting piece to add to the crypto puzzle.  What do you think? Could there be an influence on the bitcoin price by the end of next week or a little later? Is there any other correlation at this date with other technical analysis? I wonder what the direct correlation is (if there even is any) between the geomagnetic waves and markets in general. As in, is there any forced delay between buy/sell orders that make people want to wait out the storms before they actually buy? If there are no true correlations, I'd find it very funny how people put together anything to have impacts on "making money." Regardless, even if there have been drops in the past, I don't think there's much grounds to say that the same will happen again. Always remember that correlation does not mean causation. |
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248
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Economy / Economics / Re: Alternative investments
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on: March 15, 2018, 04:25:50 PM
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Aside from bitcoin what do you think is one of the best alternative investments in the economy today?
Depends on what you're looking to accomplish. If you're trying to make a lot of money in a very short amount of time like most people are when they venture into altcoins, you should spend your time researching ICOs. The more research you do, the less the likelihood of you being scammed is. The best way to go about this is to view the Announcement threads here on the forums. There are countless people who dig deep into how the ICOs are operating, so you can look into what their opinions are on certain coins and follow their lead. |
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249
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Bitcoin / Bitcoin Discussion / Re: Have you ever knows that Stephen Hawking have talked about bitcoin or crypto?
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on: March 15, 2018, 04:23:24 PM
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Have you ever knows that Stephen Hawking have talked about bitcoin or crypto world before died? As long as we know, he was not interest for a mathematic and physics only.
While Stephen Hawking didn't talk specifically of Bitcoin and cryptocurrencies, he did warn the general public about AI and how far it can go. I know that a lot of people have been talking about how Blockchain could be used in terms of AI development, but beyond that, I don't think there are many direct quotes about Bitcoin/crypto from Stephen Hawking. Regardless, his ideas and sayings will persist in this world for a while; he was nothing short of a genius. |
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250
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Bitcoin / Bitcoin Discussion / Re: Lets do an Aim that we will not fear from any bad news and will Support BITCOIN
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on: March 14, 2018, 11:23:33 PM
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In the past an year ago the price of bitcoin was going much better on upward direction and everyone was of the opinion that bitcoin is a decentralized currency and no one even the governments can harm it and it is in the control of the users and holders. If the holders will not sell at low then none of the world power can reduce its price. At that time I remember none of the bad news was having power to reduce the price of bitcoin. I remember when Russia banned bitcoin in their country and there was not any affect of it in bitcoin. But nowadays it became the mentality of the users of bitcoin that when any bad news come then the price will reduce so with any bad news they start to sell as faster as they can and in that way they dump the price too much.
So today I decided to start a campaign to aware everyone that bitcoin is a decentralized currency and none of the bad news can harm its price unless we sell at low.
In this campaign we every user of bitcoin have to make this aim and have to promote it to everyone that we will not fear from any bad news and have to keep it in mind that we will not sell our coin when any bad news come.
As optimistic and cheery as this is, I don't think many people will follow this. If there's bad enough news, I'm sure that even the deepest of hodlers would be willing to sell -- Bitcoin is not a fun game to play around with, it's a currency that people actively buy and sell, trade with, and even use to purchase daily items. It has a value, and it's not like a child or a dog that one can simply say that they are willing to support the growth of. Bitcoin isn't really a living thing, and the people who support it indefinitely are surely not the smartest. There has to always be a point where you put your foot down and turn the other way. |
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251
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Bitcoin / Bitcoin Discussion / Re: Who took my crypto
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on: March 13, 2018, 10:00:10 PM
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There you are, joined the whole crypto thing. Even bought some hardware to mine. All good to go.
You generate a few bucks with your hardware and decide to use blockchain wallet. So far so good.
Then you read the bitcoin price may drop. And you read Ethereum is the new coin (Stupid hype influenced me)
Your search for a good second wallet. You choose the one wallet that seems to be nice (based on no research at all)
Freewallet.com turns out to be the biggest scam ever. I sent my hard mined coins to my Eth wallet, in the hope of gaining some Bitcoin when the price drop. Never thinking that I may actually lose all of it.
Then you ask them for help, You even include the transaction on your trusted Bitcoin wallet. Just to monitor the transaction that remains pending (unspent) for months on end. One fine morning suddenly the transaction is spent according to the transaction log. But your scammed by Freewallet.org wallet reflect nothing. Suspicion and anger overflow your mind. You want to find and shred the founder of this scam to pieces.
Here I am with probably a million others that DO NOT trust the current blockchain technology and players. It has just made it simpler for criminals to steal from people.
I am calling all others that were scammed by this Freewallet group to come forward. I want to get a group together so we may trace them and findthem.
Please comment here if you have been a victim of these crooks.
As much as I understand losing money sucks in every scenario, there are countless people here who are actively bringing advice to not use online wallets and to, in general, not trust online wallet providers. https://amp.reddit.com/r/CryptoCurrency/comments/7mqsep/so_freewallet_is_a_100_scam_and_here_is_the_proof/I found this while browsing around the internet. I know this might not pertain to you, but it's always good to research before any major choice you make. Keep this advice in mind as you go into the future. |
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Bitcoin / Bitcoin Discussion / Re: Are you in support of paying your taxes in Bitcoin?
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on: March 12, 2018, 11:20:40 PM
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Recently, Georgia is trying to pass a bill allowing payment of taxes in Bitcoin. Bill GA-SB464 ?requires the state revenue commissioner to accept cryptocurrencies for payment of taxes and license fees.? This allows for people in Georgia to pay their taxes and license fees in cryptocurrencies. For more info on Georgia's stance, see https://stopthefud.wordpress.com/2018/02/24/georgia-bitcoin-taxes/But do you think paying your taxes in Bitcoin will be a good thing for Bitcoin? Or is it another way the government is trying to take our Bitcoin? I think paying taxes in Bitcoin is a good idea. As far as I use bitcoin, it's a side currency for me. I think it works out for me because I can keep more of my actual income and use bitcoin to pay my taxes if I want to. In a way, I do believe that the government is going for as much bitcoin as they can get, but I don't think that's a bad thing because we as the population still have the option on whether or not we want to use crypto to pay for our taxes or not. If we don't, we can just use normal currency. |
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Economy / Economics / Would you rather see steady growth in Bitcoin or strong upward spikes instead?
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on: March 03, 2018, 08:43:18 PM
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I wanted to see what the general thoughts of the community here are. With bitcoin being in a pretty steady state for the past few weeks, it seems like there's going to be a set up for some kind of growth. With that, there can be many paths, but after seeing today's price (which was up around 5% when I checked), I was wondering if the volatility is what people actually like about bitcoin.
So, do you guys like the volatility and the strong spikes upwards or would you rather like steady growth, around 5% gains over time?
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254
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Economy / Economics / Re: Bill Gates says crypto-currencies cause deaths
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on: March 03, 2018, 08:40:07 PM
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I just saw this news, For me its always the choice of an individual in how people will use the technology, many of the technologies can make an easy way to do bad things in life but it is the choice of the people, if they use it in a bad way, they will suffer for their selves. Crypto-currencies are killing people in a "fairly direct way", Microsoft founder Bill Gates has said. He was referring to the way digital currencies like Bitcoin are used to buy drugs like synthetic opioid fentanyl. In an "ask me anything" session on news website Reddit, he said that the anonymity of digital currencies meant they were linked to terrorist funding and money laundering. Some criticised him, saying he was ill-informed about the technology. Asked by one user for his opinion on the technology, Mr Gates replied: "The main feature of crypto-currencies is their anonymity. I don't think this is a good thing. The government's ability to find money laundering and tax evasion and terrorist funding is a good thing. "Right now, crypto-currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs [initial coin offerings] and crypto-currencies is super risky for those who go long." heres the link: http://www.bbc.com/news/technology-43239781I don't really think he's wrong in a sense, I just think he's pretty misinformed. If he looks deeper into the use cases of bitcoin, he'll see that it's not a majority of drug deals and terrorist incentives. It's mostly being used on exchanges as just any other form of currency investing, and I don't think there's much wrong with that. Of course, there will always be that other option of ending up with crime being bitcoin-related, but there's not much we can do about that. The only thing I could see being done is to centralize bitcoin, which goes against basically its major idea. |
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255
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Vending Machine
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on: March 02, 2018, 06:10:31 PM
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I'm a fan when it comes to vending machines.
The first modern vending machines were developed in England in the early 1880s.
I have never seen an actual vending machine that accepts bitcoin. It would be so awesome watching how it works.
Can you please tell me what are the advantages and disadvantages of this invention? Please share your thoughts. Thanks in advance!
I don't think this is the best idea because it could have a lot of disadvantages for the seller. There's chances that someone might just double spend a transaction, cheat the machine, and get whatever they want out of it, all while being completely anonymous. Furthermore, it's just not time efficient when bitcoin transactions are flooding. There's going to be people who try to buy something and then have to wait for an absurd amount of time to get their item if they have to wait for one confirmation. These reasons just make a bitcoin vending machine not really appealing, so I think there might be a better design here that could get it to work. |
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256
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Bitcoin / Bitcoin Discussion / Re: Pros and Cons of short-term crypto trading?
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on: March 02, 2018, 06:05:52 PM
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Dear Pros,
Please advise if the short-term crypto trading makes sense and is worth it? What are the pros and cons? Is the risk to lose everything higher than traditional trading? Please share your personel experiences as crypto traders.
Thank you in advance.
The benefits of short term crypto trading comes from the volatility. It's not like stocks where sometimes they just move by a few cents. When cryptocurrencies move, they move by a good amount of money. That's the nature of the currency, and if you're a short-term trader, you should be taking advantage of the volatility. The cons are that this will take a lot of your time because you need to watch a lot of the movements of multiple coins and be ready to invest when you need to. As you said, I think the overarching problem about this is "What if I lose all my money???" And that's a problem that every trader has to deal with themselves. |
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257
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Bitcoin / Bitcoin Discussion / Re: Can the idea of creating a Bitcoin Bank solve the problem of transactions?
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on: March 02, 2018, 06:01:18 PM
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Everyone understands that without solving problems with the time of confirmation of the transaction and their price, bitcoin can not develop. The idea of segwit2x did not receive the support of miners. Perhaps you need to create a bitcoin Bank that will combine the functions of a wallet and audit. The functionality should be similar to the stock exchange. Inside the Bank bitcoin can be moved instantly and for a small fee. Coins at the time of the transaction should be frozen and the transaction can be closed only after confirmation by both parties. To manage such a Bank should only core developers to whom you have confidence. Miners will process payments to external wallets. The rate of such payments will not make much difference. Do you think such a system has the right to life?
I'm sure it would fix some problems, but when you fix that problem using this solution, new problems come up. The main reason for bitcoin's creation was anonymity and secure transactions using blockchain technology. I don't think having centralization was a part of the idea. It's likely that there will be altcoins (like Ripple) that come out with these ideas, and in that case, it seems like whoever supports the idea of a Bitcoin bank can just move over to those currencies. I don't understand why they have to change Bitcoin to adapt to what they want when there are already currencies that do everything they want if they just look for it. |
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258
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Bitcoin / Bitcoin Discussion / Re: Coinbase hands over information to the IRS
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on: March 02, 2018, 05:58:54 PM
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Hey everyone, just wanted to update you guys with this recent article I found. https://www.marketwatch.com/story/bitcoin-exchange-coinbase-is-handing-over-user-information-to-the-irs-2018-02-27"Coinbase, one of the largest cryptocurrency exchanges, told customers Friday it will turn over 13,000 users’ data to the IRS within the next 27 days. The move comes in response to an IRS order issued in November 2016 to send records of users who bought bitcoin BTC, -1.48% between 2013 and 2015 so the agency could determine who was evading cryptocurrency taxes. Coinbase initially resisted the order, but ultimately agreed to send the information of “higher-transacting” customers during that time." What do you think the future of these taxes will be? Currently, as far as I know, in the United States, there is a tax based on your income bracket, and the tax can range from 0 - 20% of your net profit. Furthermore, it seems like this is pissing a lot of people off because they have to report taxes on every single transaction they make, and for some day traders, that's practically impossible. What are your takes on this situation? Do you think some anonymity has been lost in it? Or is Coinbase just blatantly bad? Bloody hell. This is freaking unfair. Why would anyone be using services of coinbase if this is the case? If you haven't used it yet, do not consider using it any time in the future. It clearly just isn't worth it. Although taxes are natural and are truly our responsibility, I wouldn't want to pay taxes if it doesn't go back to my country. I'd rather stress myself with other exchanges than to pay taxes that may be too high. But still, that depends on the situations of course. I think this was pretty much expected of Coinbase from a lot of people on these forums. I've seen a lot of popular opinions that tell most people to stay away from Coinbase, but it's very clear now that things can happen that aren't expected with exchanges that end up affecting the users. I agree that it's pretty messed up that the taxes don't go back to your own country, but I think it was a risk that you chose to take when using Coinbase. Other exchanges could easily fall into the same situation; this time, it just so happened to be Coinbase. |
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Economy / Economics / Re: What is the best exchange platform
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on: March 02, 2018, 05:55:16 PM
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I was prefer poloniex because was my best palform but when some one hack my acount and withdraw all my money i leave then i was go to bitrix but they also make new rules about active acount so now my question is what is best palform u can deposit ur money in it without scare and why ?
Please no link
I think Binance is a very nice exchange platform. It's well laid out and there's good coins to be trading on there. Bittrex has had some issues in the past, especially with some shady business with shutting down some accounts, holding funds, etc. Regardless of what exchange you use, I suggest not leaving your investments in those exchanges. Anything can happen to the exchange, but if you still have ownership of the currency in a wallet, then you can easily go to a different exchange if the one that you were using just disappears. |
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Economy / Speculation / Re: Experts: Investing in Bitcoin now?
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on: March 02, 2018, 05:52:52 PM
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Would it be a smart move? i know no one "knows" but what do you think? I'm thinking long term, 5 years.
Appreciate all the advice.
We're at a stable spot right now, so I think it's really your call. There's a chance that we might shoot downwards and then correct right after that, but there's also a chance that we'll shoot upwards and correct at some point in the future. If it's the first situation, then you're much better off just waiting out a drop and then buying when bitcoin is in the red. That would basically guarantee you profits because we know that bitcoin, especially as of now, has a stable price of 10,500-11,000. If it's the latter, then I guess it would make sense to buy now, but you also run the risk of it going downwards, so I would suggest just waiting out to see what the market does after this stability period. |
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