In your opinion, what coins suffered the most during the past btc bull run? What coins are most undervalued at this time?
Thank you for your answers.
Actually any altcoin would be good, because what the whales are trying to do is pump bitcoin as much as they can and then they are starting to dump it just before the fork, they don't care for bitcoin gold, they care about getting profits and that's what they are trying to do. Create multiple artificial scarcities in this case. First for bitcoin and after the fork you're going to see that happening to altcoins, altcoins are going to go high this time and the whales will be benefited the most. This does seems to be a possible theory that big investors can be thinking of doing. So grace yourselves people. This is correct but with the only difference that I think this is not going to happen after the bitcoin gold fork I think that is going to happen after the segwit2x fork, the whales are going to try to pump bitcoin as high as they can and I do not think they are going to miss the opportunity to do all of this again and pump the price even further than its current level. |
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Bitcoin is sound money, and we've got some zeros until fiat is replaced. After that the effects will be much more drastic than industrial revolution, and economy, thus bitcoin value, will still continue growing at a fast pace.
Those who believe in a roof don't see the economic truth of sound money.
Fiat is a lie, it can't last forever.
This is something that I agree, the fiat system as it is working right now has not lasted 50 years and it is already showing signs of its imminent failure, we need to return to sound money, gold will be the most popular choice but bitcoin is going to also be the choice of many that do not trust the governments of the world are going to keep their fiat pegged to gold for a long time. |
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Bcc or bitcoin gold are just shitty money grabs . There are much better options to replace btc already.
Not correct, many people think they can just create a new crypto and that out of nowhere people are going to accept it as the best coin, even if that coin has better technology what it is going to stop the devs from adopting that technology and adding that functionality to bitcoin, a new coin needs to be a revolutionary concept that bitcoin cannot add to itself and that is not going to be easy to create. Well, Bitcoin is heavily controlled by a small amount of industrial scale mining operations. That makes it very difficult to upgrade the Bitcoin Blockchain, since the majority of the miners need to adopt the new developments. And if those developments diminish the profits of the miners, they won't want to do the upgrade. That's ultimately what could make Bitcoin lose its thrown as the king of crypto one day. Your analysis is spot on but at the same time we know the miners did not want to adopt segwit and yet the devs and the community were able to force them to do it and even if now they want to create their own fork in the form of segwit2x not many are going to follow them so they are going to need to accept bitcoin in its current form whether they like it or not. |
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Technically, you are mandated to pay income tax despite earning through bitcoins or altcoins but it mainly depends on the country that you are staying especially if they are both regarded as 'legal ways' earning. Some countries though, have their respective views on cryptocurrencies and does not see the need to pay any tax through its decentralized nature. Like here in the Philippines, bitcoin is regarded as property, and not as currency, therefore it is not subject to legal tender. It is a case-to-case basis and you have the obligation to know it.
It is better to consult a tax attorney in your country to know what kind of taxes you need to pay for your bitcoin earnings, if the earnings are small then it is not going to be a big deal if you do not report that you earned 0.1BTC or something small like that, but if we are talking about many bitcoins then the best thing to do is to pay whatever taxes you are due and enjoy your profits. |
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For Bitcoin to be taxed, that means the government has accepted it as something it owns or has the rights to regulate. Hard to say if it's enforceable universally when transactions are either private or through privately owned exchanges.
And even then they are going to only be able to tax bitcoin of those that choose to disclose their earnings in bitcoin, for those that are only trading crypto against crypto there is no way to tax them and now that decentralized exchanges are coming then that point of failure of all cryptocurrencies is going to eventually disappear, so taxing our earnings on bitcoin is going to be an almost impossible task. |
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https://bitinfocharts.com/top-100-richest-bitcoin-addresses.htmlThis link shows you the top 100 wallets with the most BTC, but pay attention at one thing, the most rich person, has probably several wallets and a his entire stack is divided in these wallets. The richest one is considered Satoshi (the inventor of Bitcoin) who has probably about a million BTC spread through various wallets. His wallets from the other hand, are not well known, and do be honest, I think Satoshi is smart enough and has destroyed the private key of these wallets a long time ago, he's not in this for the money, he's in it for the history, and knows that the only thing that might ruin BTC are these one million tokens being sold by somebody and devaluing the entire BTC price While satoshi left bitcoin long time ago and he was no in for the money I have no doubt that at some point he has moved on and created other projects and made money that way under another identity, after all, do you think that a genius like satoshi is going to live in a cave for the rest of his life, of course not, he is out there creating other stuff and making money with his knowledge, or at least that is what I think. |
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There is a saying that born poor is not our mistake, but dying poor is our mistake. So each and every user agonize to be rich through some way, very few have satisfaction and live with what they have. Now users have got an opportunity to get some additional earning and fulfill the dream of being rich.
I have never heard that saying but how true it is, there are very few people born rich and most of them are not able to maintain their riches since they were not taught how, however a person with a strong dedication, hard working and smart can make a lot of money quickly and improve his life and if that person also invest in bitcoin and crypto currencies then he is going to be come rich in the future. |
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That's a good strategy but unfortunately most of people here have a weak hands and when they start seeing big whales selling of their coins, they start to panic sell and that will makes Bitcoin price down even more. But I'm not affected by this because I'm sure that Bitcoin will surpass $10k mark in a few years.
I’m not affected by it either I know that bitcoin has these crazy movements and I decided to invest anyway but unlike most people I know full well what I was getting into so I do not have a problem if the price of bitcoin goes down, besides in this year our earnings have been so great that even if bitcoin lost thousands of dollars most people of the forum are still on profit. |
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Considering how unsuccessful WannaCry's ransomware seemed to be, raising such a small amount of money relative to the number of computers that they infected, it's possible that less resources are going to be used on creating these exploits in the long-term future.
The publicity of ransomware attacks will stay super high because of the possibility that it could be used to infect a growing number of individuals and important services, but meanwhile people will carry on keeping backups and ignoring it most of the time. It could help to encourage taking more regular backups.
Maybe if they weren't so greedy, people would actually pay it. Honestly, I don't know whether I would bother with a backup if they asked for $10 or so.
Yeah, most people do not have information in their computers worth that much, at best they have some pictures that are impossible to replace but that is it, but I think this is precisely why they are asking for such a big sum of money, only people with valuable information are going to be willing to pay for any information in their computers and the rest are collateral damage to them. |
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Posibility is 100%, so in order to minimize this posibility you need to have multiple wallet to distribute your bitcoin. Other way is to have your bitcoin stored in the wallet for short time, maybe you will get a fraction of its profit atleast.
Having several wallets is a good idea, that way if a hacker gets access to one of your wallets you are going to notice and instead of losing all your money you are just going to lose a small amount of your bitcoin, while losing money is always bad it is better to just lose a small amount than to lose all your bitcoin especially if we take into account the amount of effort we need to do in order to get a single bitcoin. |
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is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!
Yes it is risky, you can make great profits that is undeniable, but the money in your bank cannot go down while the money your bitcoin is worth can go down that is the biggest difference, and if you happen to need that money for an emergency it is going to be a lot more time consuming to sell your bitcoin and then wait to receive your fiat in your bank account than it is simply to withdraw that amount from the bank. |
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Yes, its a great blessing to all of us. It gives me a better opportunity for myself that i can do other job aside from my job.  There is hardly any reason to deny this fact that bitcoin is indeed a great blessing and I think it is really our good luck that we are having bitcoin in our lives. The way bitcoin is making such a good reputation and the way people are continuously investing in a bitcoin definitely means that it is going to have a very bright future. This increases the chances of getting more benefit form bitcoin. Bitcoin is great but only if you hold for the long term those that bought at the peak of the bubble of 2013 were left with a terrible decision to make, do they keep holding or they sell and admit their losses, those that were real believers of bitcoin were compensated but those that did not hold, lost a lot of money so I do not believe they think bitcoin is a blessing. |
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Wow 6k bitcoin in my lifetime, crazy. Until segwit leading up to it will probably increase yet but I think there will be a good dip and correction after the fact. Or I sincerely hope so because I am leveraged quite heavily in altcoins right now. Did not see this move coming   I know, it's so freaking irritating. I have no Bitcoins, just alt coins. Goddam forks. Your turn will come everyone is fixated in bitcoin at the moment but there are going to be many opportunities in the future for altcoins you just need to be patient and wait for the right opportunity, right now if I were you I will invest even more in altcoins since they are very cheap if you compare it to bitcoin so this is a great opportunity do not waste it. |
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50 is crap ton of amount. I can barely manage my portfolio with 10 coins let alone 50. lol. ETH, QTUM, PIVX, SIA, DGB, Stratis, Steemit and bunch of others.
This is something that I have been wondering as well, how can someone manage so many coins, how can someone research so many projects, after all if you get to hold 50 coins then that means that you need to research many more projects, I will probably need to do that all day and I do not know if even that will be enough since I will get tired of doing that very quickly. |
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No, it wont replace gold , bitcoin is a currency and was created for transaction not for investment, and becuase it hasn't been fully regulated, so we cant be sure of bitcoin fate in the future, but gold will always be accepted, and the government will surely support gold over bitcoin, bitcoin could surpassed gold but it cant replace gold places
All currencies are investment vehicles as well, you just need to look at the forex market one of the biggest markets of world where the only thing traded are not stocks but currencies, so whether we like it or not the fact that bitcoin is a currency also means that is an investment, and what an investment it is, it has given to all of us incredible profits without having to do anything except to hold our bitcoin. |
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Such laws cast Russia back several decades ago. The world changed and changed every year in a geometric progression. What Russia is doing shows that it is not yet ready to enter a new era and, thus, will lag behind such developed countries as the US and Japan.
Any country not willing to adopt a superior new technology is going to lag behind, look at China, their citizens want to adopt bitcoin but the government does not want this, if the government wins they are going to be left behind and other countries are going to reap the benefits and the investments that bitcoin is going to bring, Japan a neighbor country of China has decided to go in the opposite direction and legalize bitcoin and we will see the benefits of that decision in the next decade. This^ I can't wait to see what impact Blockchains will have on economies. I cannot wait for that either and I think this is the reason Japan has decided to adopt bitcoin, the government is deeply in debt so they need a new sector of the economy to begin to bring big bucks to the country and I think they are seeing that bitcoin is exactly what they need, a new technology that can be accepted all over the world, if they seize a big section of the market they are going to get a lot of money through investments. I really hope that Japan does the right moves with the Blockchain. They could really use it with all their "Karoshi" problems and what not. Japanese work hours are the number one reason why I decided not to move there, even though I love the country for its natural diversity and food. Working all day and having very short vacations is completely off-putting for me though. But at the very least it'll make a great place for holidays if they start accepting cryptos all over the place, so I'm looking forward to that. Yeah, the work ethic of the Japanese is insane, I love the country and its culture but I prefer my relaxed job than to slave away the rest of my life in an office, however if adoption is really massive then they could see a lot of tourism coming to their lands, I do not have the money to try that now but I think in a few years I could do it so that gives me time to see how things evolve in Japan and if they really adopt bitcoin as an everyday payment method. |
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No, I don't think so. Yes China is a country that really helps to increase the price or value of bitcoin. But it does not necessarily means that without China, the bitcoin value will also dead. It just happens that China is large country that is why it will have a huge impact in crypto market.
Agreed 100%, China really plays important role in increasing of bitcoin's price. Imagine, every their word can affect price immediately, they caused falls but finally they made current price and that's reality. But without china bitcoin won't die, won't be alive too. It will be hard to keep this price, it will fall because everyone in china will have to sell bitcoin and when you want quick sell, you have to lower price. Bitcoin won't be N1 currency without china and that's truth to my mind. A complete ban from China will be great for us not only the price will go down but as you said suddenly all the Chinese investors will want to sell, that will lower the price even more and we will be ready to buy cheap bitcoin once again, I do not see why people worry so much, if that happens we will have the opportunity of a lifetime and I will be ready to take advantage of it. |
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I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.
Well, they sold today at at the dip near the $4000 double bottom.
The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.
If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.
The problem is that people invest without knowing what they are getting into, and that is a huge mistake, a mistake that not only people like them make, there are many cases in the forum of people investing in coins they do not even understand and then they complain they lost money with their investments when anyone could have predicted that outcome. |
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I suppose this is good news, it is certainly better than an outright ban on bitcoin. Governments will be happy to let bitcoin survive if they can benefit also but does this introduce a level of regulation we do not want?
If things were so simple then things would be alright but that is never the case, governments are not going to be happy by just taxing bitcoin, bitcoin is something they do not control and cannot hope to control so the surveillance of all of those that use bitcoin is going to be there, however as bitcoin becomes more popular it is going to be impossible to watch all that info even with their advanced technology, so it is likely they will ask for changes in the code so they can monitor people more effectively. |
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Bcc or bitcoin gold are just shitty money grabs . There are much better options to replace btc already.
Not correct, many people think they can just create a new crypto and that out of nowhere people are going to accept it as the best coin, even if that coin has better technology what it is going to stop the devs from adopting that technology and adding that functionality to bitcoin, a new coin needs to be a revolutionary concept that bitcoin cannot add to itself and that is not going to be easy to create. |
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