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I have just remembered it has always been possible to short USDT on kraken. I did once... with not much success.
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It makes all the fucking sense. Now you can short your Tether stash to hedge it for an added stability/safety.
Except you are shorting it on BFX.... Yeah, I didn't say it was the best idea  |
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Makes no fucking sense except in the context that they're attempting to detach USDT from being dollar interchangable and trying to convert it into it's own cryptocurrency blockchain (aka worthless and can't be cashed in). It's like a bank heist where they just steal all the money then give you back an imaginary, valueless token.  It makes all the fucking sense. Now you can short your Tether stash to hedge it for an added stability/safety. |
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FRESH FROM WANGA/MASTERLUC TELEGRAM
I still think that bitcoin can bring up to 2k in this regard. But it should quickly and cheerfully bounce, if it is. So I advise you to cook bucks. If you have them of course))
In general, weekly ma 200 (about $ 3000) cannot be broken through weekly closure. By this, I think that everything below 3k will bounce cheerfully.
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UK HMRC chucks in its two pence: Only in exceptional circumstances would HMRC expect individuals to buy and sell cryptoassets with such frequency, level of organisation and sophistication that the activity amounts to a financial trade in itself. If it is considered to be trading then Income Tax will take priority over Capital Gains Tax and will apply to profits (or losses) as it would be considered as a business.
As with any activity, the question whether cryptoasset activities amount to trading depends on a number of factors and the individual circumstances. Whether an individual is engaged in a financial trade through the activity of buying and selling cryptoassets will ultimately be a question of fact. It’s often the case that individuals and companies entering into transactions consisting of buying and selling cryptoassets will describe them as ‘trades’. However, the use of the term ‘trade’ in this context is not sufficient to be regarded as a financial trade for tax purposes.
A trade in cryptoassets would be similar in nature to a trade in shares, securities and other financial products. Therefore the approach to be taken in determining whether a trade is being conducted or not would also be similar, and guidance can be drawn from the existing case law on trading in shares and securities. Lots of other stuff in there about airdrops and forks https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individualsThanks Hairy, well spotted - this is the first new stuff they've posted since 2014 (when they were vague and talked about it possibly being seen as 'gambling') Now, how to put all the data together when a lot of the exchanges from way back are long gone; BTCE, Cryptsy, Gox et al. I will need to face up to my dirty little Alt flirtations over the years, of which I am sure I will find contain many embarrassing sojourns I had totally forgotten. The good thing about the long gone exchanges is that you can use them to fill the blanks without no way for the HMRC to prove otherwise. Of course the "filling" must be reasonable and coherent with all the rest of data available. |
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I always thought that the best to be during deflation is FIAT. Am I wrong?
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So you are basically betting all-in onto a full worldwide financial and infrastructure collapse like nothing we have ever seen before?
Fuck, then yes, maybe your choice might make "some" sense in that scenario.
I just don't think that a full blown apocalypse is anywhere near to happen no matter how bad the worldwide economy is or how deep the next crisis is.
Some risky bet you are doing there, let me add. But if you are convinced about that, well, let it be.
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The question is not if there is more life in the universe. The question is if those life forms are similar enough for both us and them to recognise each other as a form of life. The possibilities are infinite and way beyond our extremely limited comprehension.
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r0ach, one day you will regret not having taken advantage of your "involvement" in Bitcoin to make more money. In fact, if you are not regretting it already is because you are as much stubborn as you seem to be.
You switched from being somewhat bullish in Bitcoin when there were less reasons to be, to a full anti Bitcoin position. You should ask yourself if the main reason for that is because you made the bad decision to cash out into silver and you are unable to accept that it was a dumb decision.
Answer me HONESTLY this simple question:
What has more probabilities of a 10x (in price and adoption) in the next following years Bitcoin or silver?
Don't try to evade the question talking about costs of production, pyramid of money, bad actors, manipulation, pump and dumps, decentralisation, blah blah... Just an honest answer to my question.
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Ack! Just looked at the price 1 hour ago...now it is going down...damn it....it's all on me...Ack!
(just don't look, it is always a trap!)
Something to say for 'blissful ignorance' and don't look at BTC price for 5 years, just think of all the angst I would have
lessened in the last 1/2 year alone!
Well, at least you don't REALLY need to look at the price anymore... You have been able to retire early. You have already cashed out enough to carry you until you receive your state retirement, social benefits, plus private pension plan. You still have a stash bigger than most guys here. You made it FFS! Just stop always seeing the glass half empty and enjoy your well deserved retirement, bro! Mostly I agree with you here, bitserve, and for sure, Searing needs a bit of kick in the pants and lecturing on a regular basis on the terms that you just did. Regarding Searings actual circumstances, just to be more particular, he was in the 100 BTC-ish arena and then cashed out less than 15 BTC and some other stuff(s), and so it is quite likely that he is still in the 85 BTC-ish arena. Regarding "making it," that surely can vary, and there is some relativeness to such considerations about how much of a BTC cushion is necessary to "make it". For anyone just getting into BTC, getting to 1 BTC might be a difficult first goal, but any of us will need to start somewhere. Then 2BTC, then 5BTC, then 10BTC, then 21BTC. Maybe really making it would be to get to over 50 BTC. I recall when I first started in late 2013, my goal was to get to 30BTC in the next 6 months to year, but I was not rigid with such aspirations because I knew that my ability to reach the goal was partly dependent upon what the BTC price would do in the subsequent months following my creation of such quasi-artificial and personally tailored (and likely moveable) interim goal. So you have around 21 BTC? You should accumulate some more. Just sayin'. I think you would be surprised by how many people here don't reach that 21 BTC figure. While there are a few people here that have hundreds or even thousands of BTC I would bet the majority of regulars are in the one or two digits BTC count. That being said... yeah, we should ALL try to accumulate more during this bear market |
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CoinATM end of year stats update: 4061 crypto ATMs installed worldwide
I don't think much will change in the days remaining till end of year, so here is my review of the stats of installed Bitcoin ATMs.
The rate of new installation kept stable for the past months and while it has not reached the exact number required for a full doubling from 1 Jan (2076) to 31 Dec (4061+) it is almost there. It can be considered a doubling. Same happened in both 2016 and 2017.
2019 will probably NOT complete a doubling but more of a linear increase unless something exceptional (ie: a clear bull market or a new major player in the sector) happen that triples current rate of new installations. Nevertheless, the current density of ATMs worldwide is somewhat acceptable/good considering the level of Bitcoin adoption we are at. The presence in major capitals is quite good.
The fees are still quite high for the hardcore bitcoiner to consider a frequent usage though. The convenience might be ok for new users or in the case of a real "need" such as obtaining local FIAT in the destination country when you travel. Fees of around 10% are quite common while there are others with much lower or even higher fees.
I have not seen any case of progressive fee, which would be the way to to incentivise increased usage. Current fees are a deterrent for high amount users, making the online exchange's lower fees much more attractive. As I say, I would consider current fees ok for up to $50 or $100 but some sort of increasing discount the more the amount transacted is would be needed. It would benefit both the users and the operators.
It is possible to envision that IF Bitcoin adoption grows enough (more than one order of magnitude) during the following years some innovator conventional ATM manufacturers would even include crypto functionality into their products. That would be critical adoption milestone that could make the crypto ATM stats skyrocket. I don't see that happening in less than 3-5 years.
The future looks bright also in this field of Bitcoin industry. Infrastructure in general has never been so good with tens of exchanges, thousands of crypto ATM's, variety of hardware wallets and third party custodial offerings, etc.
Fundamentals are there and improving day by day. Let's see what new major milestones gets achieved during next year. Sooner or later price will follow too.
Cheers!
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Jesus fucking Christ, we're back to 3.8k again
What did you expect? A pump straight back to $6K? We need to retrace sometimes. It's perfectly normal even if this rally has much more in it. This is fine. |
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Ack! Just looked at the price 1 hour ago...now it is going down...damn it....it's all on me...Ack!
(just don't look, it is always a trap!)
Something to say for 'blissful ignorance' and don't look at BTC price for 5 years, just think of all the angst I would have
lessened in the last 1/2 year alone!
Well, at least you don't REALLY need to look at the price anymore... You have been able to retire early. You have already cashed out enough to carry you until you receive your state retirement, social benefits, plus private pension plan. You still have a stash bigger than most guys here. You made it FFS! Just stop always seeing the glass half empty and enjoy your well deserved retirement, bro! Retirement is severely overrated. Most people are bored to smithereens and/or become idle. In fact, being active in your 60ies probably extends life (for man). I have seen older man declining really fast once they stopped working. Somehow, this is not true for females, who often stay successfully retired for much longer. Retirement for me would be reaching a point when I have assured my basic needs and expenses until the end of my life without the NEED of a "salary". That's my target. I may become even more active, that's not the point. Well, I guess the right term would be "financial independence"? I donno. |
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Ack! Just looked at the price 1 hour ago...now it is going down...damn it....it's all on me...Ack!
(just don't look, it is always a trap!)
Something to say for 'blissful ignorance' and don't look at BTC price for 5 years, just think of all the angst I would have
lessened in the last 1/2 year alone!
Well, at least you don't REALLY need to look at the price anymore... You have been able to retire early. You have already cashed out enough to carry you until you receive your state retirement, social benefits, plus private pension plan. You still have a stash bigger than most guys here. You made it FFS! Just stop always seeing the glass half empty and enjoy your well deserved retirement, bro! |
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I believe the mean is more useful than the average here.
If I'm correct it's 5340.
Copy pasted the data into a quick plot tool to see all the data points.  Almost 75% of all predictions are under 7k$. That's a bubble right there. |
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Breaking news:
Trump is gonna use bitcoin to fund the wall,
THat's excellent news! We could certainly use some funding. |
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Now I think I can safely congrat goldiekiddo!
(Wake up and raise the fucking stops if you are not using a trailing stop)
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I have found the exact post/decision where I fucked it all badly at the ATH.
Yeah, stops are not foolproof but are better than nothing.
Should have listened TERA right there:
If Tera ever returns people should show due respect. Until he/she/it irritates enough people that they all start up sniping again. Agreed. I don't think I was disrespectful, but for sure I should have given more credit to his words. I was fooled by my own greed and overconfidence. As many/most here. |
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I have found the exact post/decision where I fucked it all badly at the ATH. Yeah, stops are not foolproof but are better than nothing. Should have listened TERA right there: If it goes back into the previous range at this point I dont think it'll be a dip - I think it would pretty bad. In any case I'd rather get 18k and miss out on 25k, than get 5k and miss out on 18k. Ive seen enough of these gains already. im tired of them.
That would be a good reasoning/bet.... IF there were the same probabilities for the price to go to $25K than to go to $5K. Those arent the only factors. Also in order for me to lose there has to be the bizzare scenario of the stop getting hit and the price going to 18K yet bouncing right back up to 25k as if that major breach did not occur. Yeah, maybe you are right.... OTH IF it consistently breaks $20K... maybe $25K won't be nowhere near the top of this wave. Also there is a fucking lot of profits in the alts already... a good part of those may be waiting for Bitcoin to dip/correct to get on the train so the $5K scenario doesn't seem much likely. There's too many fuel for the rally to continue even though it would seem it has been a long one. Decisions, decisions.... I think I will just do nothing and let it run.... |
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