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.
You are looking at it from the wrong perspective, yes altcoins are related to bitcoin but they are not the same thing, to try to find what alts preformed better and which performed worst is a waste of time, find alts that are promising and that have a good development team, right now all alts are very cheap compared to a few months ago so any alt is a good buy at this moment you just need to find the right one. |
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I don't think that people would need to pay income tax if they earn through bitcoins or any others crypto currency.
Income taxes are charged after observing our income which we get through offering our services to others. Government would no the able to check out earnings so how can they charge us taxes .!?
Maybe in future after legalising BTC , government would put fixed amount of charges on everyone who uses crypto.
It is also that government would want to control BTC for charging taxes , that won't happen because BTC is decentralised.
Due to this problem on charging taxes the acceptance in facing a friction in many nations.
It depends on the kind of earnings we are talking about, if you are earning your bitcoin through some kind of work, product or service you are offering then you are subject to income tax but it is likely this is so low you do not have to pay anything, the real action is in capital gains which is the income you get from trading your bitcoin for altcoins and then to bitcoin again. |
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BitGo Software Engineer Jameson Lopp revealed that if the seven-year trend of Bitcoin price continues, Bitcoin will be valued at around $250,000 by 2020. Lopp calculated the seven-year trend of Bitcoin price based on daily value change. With the exception of 2014, which was affected by the downfall of now-defunct Mt. Gox, Bitcoin has continuously recorded positive daily value change since 2010. Bitcoin average DAILY value change: 2010: +0.82% 2011: +0.76% 2012: +0.26% 2013: +1.11% 2014: -0.25% 2015: +0.09% 2016: +0.22% 2017: +0.66% https://cointelegraph.com/news/bitcoin-price-will-hit-250000-by-2020-if-seven-year-trend-continues The math make seems like it makes sense, but when applied to the real world where there are limitations such as political pressure, adoption, altcoins competing with bitcoin and fiat currencies competing with bitcoin then it is very easy to see that the math does not make sense, I would say that even reaching 10% of that is going to be almost impossible in that time frame. |
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Should I stop buying BTC for above market value or should I start paying the listed price? I support Bitcoin and still pay 5k a BTC does anyone see bitcoin going back up?
Keep buying, even a person that entered the market a few weeks ago will be already in profits, many people worry too much, yes sometimes your investment is going to be below the price you bought but with time the price is going to rise and the chances that it goes below the price you bought will be a lot lower, all of those people that bought at 1000 are going to be perpetually in profit. I can relate to your point as I bought my first bitcoin when price was $250 and I am still holding that coin in my wallet and now I regret for not buying more at that price as if I would have bought 10 to 15 bitcoins at that time then right now I would be enjoying huge profits so if we continue to buy even now at present price then we can become rich in next 4 to 5 years for sure. I know because this happened to me as well, I bought a bitcoin when it was at 600 dollars and I was worried that maybe I bought when the price was too high and now I look at the price and I think to myself I should have invested a lot more money back in the day but even if the price is 10 times higher this is still a good time to buy, in several years when bitcoin is 60k people that bought today will think the same I thought back then. |
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Bitcoin successfully defeated China because Bitcoin is independent and China is just some entity that has no jurisdiction in cyber space. Nobody does and that's the beauty of BTC.
Yes, bitcoin is independent and really depends on the number of people who trusts it. Maybe some of the Chinese are still trading their coins or if not since Chinese was able to mine a lot of coins before and if they can't release it that only means that the supply of the coin in the market was decreased. Chinese people think that bitcoin is their slave and its price is totally depending on them and when they banned the trades they think that it will die but it survives just because people have faith in it and there are many lives connected to it and bitcoin has ability to survive through such condition because it is independent of all the region it depend on people who invest and have faith in it, This is one of the biggest mistakes the Chinese government is making, they think they have bitcoin under control but now they are finding out they never had any control over it and now bitcoin is going up very fast, if they get in bitcoin again then the price is going to go even higher, there is nothing they can do to stop bitcoin and I think they are finally realizing this. |
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the question is how someone who is doing such a thing is handling the risks and what are his/her plans for each scenario in case something went wrong. for example can they pay back the mortgage if they lose it all in trading? if yes, then i don't really see any issue with something like that if they can accept the risks.
Exactly the point. If they have a secure job and can comfortably make the repayments every month then there is very little risk at all. Why leave all that equity tied up in your house when you could potentially make a good return on it. But if they are so solid financially why add this risk, sell the house and with the cash that you have invest it all in bitcoin and pay rent for a few years while that is a risky move you are not going to be in debt to any bank, even if the interest rates on mortgages are very low you are still paying interest rates and if something happens to the economy those interest rates could change, or you could lose your job. |
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yes i been thingking the same. if everyone are rich who will become rich? cause all is the same its becomes futile no matter you see from any angle. rich mean different and gainmore than what people usually gain. we tend to be arrogant and want people to know about what they had. thats why media social is selling so good.
Yo man we all wants to be rich . Whos doesnt want to be rich well everybody wants it bro seriously . Well it feels good to have money and more than you can imagine and earn for a months time earning is no easy for everybody well we use money for everydays worth and foods actually Everyone has their own idea of being rich, I do not need mansions or luxurious cars, my idea of being rich is to have enough money to do the things I want to do with my life without having to worry too much about where the money is going to come from, and I think bitcoin is going to be the perfect way to do this, I only need to get my hands on enough bitcoin and my future is going to become very easy. |
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The wallet provider If you have any bitcoins they have to be stored somewhere. There are a lot of wallet providers that make it a lot eaiser to use your bitcoins
Any wallet can be hacked. But I heard that the safest wallets are purses of cold storage. They store your bitcoins on the device and only you have access to the wallet I think use cold storage is a good way to protect wallets. Maybe you must pay fee for this but it helps you prevent hackers. Cold storage can be near free but you still need some hardware to make it happen, but if you already have some of that hardware then it can be free, you can create a paper wallet, you will need a printer but many people already have one so this option is free, you could also use a usb, create a file with your addresses and their private keys and encrypt it, this is also free if you already have an usb laying around, the last option is to use a hardware wallet like trezor, that is going to cost you money but it is worth it. |
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I'm a week into this whole bitcoin thing so be easy on me. I wonder why you would ever sell a BTC ... For example: you buy 100 dollars worth of BTC but the price drops drastically. Why would you sell it when its that low? You KNOW it's going to go up again. You could wait a month (for example), the price will be up again. Or am i totally wrong here?
Actually I don't sell in dump.But many trader sell btc in dump.There asre two reasons behind it.They are in profit and they want to sell defore dip then they will rebuy in DIP. Others reasons they are panic seller.They don't know market of btc in future and they don't want to sell more low that's why they sell btc in dump.You are right,if they hold few days price will rise again. I do not do that either, but the people that do this are probably in panic when they do it, so these are persons that should never have been trading in the first place, but they get into trading because they think they are going to make some easy profits and then they find out that their ideas of making easy money were never true at all and they pay the consequences of their mistakes. |
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if satoshi nakomoto mined 1 million bitcoins in early days. who own the second worlds biggest bitcoin wallet?  . This question doesn't have a definite answer and researchers can only speculate. I wouldn't care though who has the biggest wallet as long as i fill up mine  Correct, there is not much of a point to worry about the amount of money someone else is holding, we must care about the amount of bitcoin in our wallets, and while I still do not have a lot of bitcoin I’m slowly increasing that amount every month, it is going to take me some time to get to my target amount of bitcoins but I know that I will be able to get there in a few years. |
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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. |
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3 years?! I won't trust bullshit tokens for 3 years 1. bitcoin 2. waves 3. ethereum. You don't need anything if you have this coins. My 3 are best  This is another good point, many altcoins are not going to last that long to begin with, you cannot buy them and then forget about them the same way you do with bitcoin, you will need to check them every day to see if you need to get rid of them if the price is dumping, so if you are going to hold for so long make sure you are invested in good projects, with a concept that can work and responsible devs that are not going to quit and abandon the project. |
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Checking the starting post of this thread the price of Bitcoin around April is just $1,400 but today we are now reaching $5000
For the past few months a lot of frustrations had happened - price is very unstable but as we reach 2018, I think bitcoin is going steady on $5000.
Truly bitcoin is a great help to people who wants to earn extra savings.
True an even when the price has already surpassed the 6000 mark can you imagine how big of a blessing bitcoin is going to be when it finally reaches some of the highest predictions like 100k, while that is not going to be soon I’m sure that at that point many of the members of the forum that joined today and in the past months will have their day and become millionaires themselves. |
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Have a look at this chart  Bitcoin's price is surging everytime when there is fear in the market because of fuds and hypes. Gold's price is quite stable but what you can get in return after a year by just holding gold is way lower than what you can get with bitcoin. Its risky to invest in bitcoin but if we look at how much you can make it is worth to take that risk. I love the comments in the graph, people see what they want to see and if they want to say bitcoin is not going to last they are going to find something to support their criticism despite that fact that bitcoin is probably the most profitable investment since the date bitcoin was created, but if they want to keep badmouthing bitcoin let them, we will get the profits and they will get the regrets. |
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Bitcoin is growing altcoins to fall lower and lower. What is your opinion of what will happen until segwit?
If you got altcoins then you got no other choice but to hold, I know it is hard but the same happened to those that held bitcoin a few months ago, it was not long ago that ETH needed a few billion to reach bitcoin and many predicted ETH was going to become the number one coin, at that point it would have been a mistake to sell your bitcoin for altcoins and now those that held are getting their profits, now you need to do the same. |
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Do we still need to pay income tax if we earn through trading/investing in Bitcoin or Altcoins??  Well if it is just a little amount then I dont think you need to pay taxes for it since it is negligible. But eventually, if someday you are going to earn a lot and maybe buy some properties, it would then be hard to explain and you will have trouble with your government. So, before that happens, I suggest if ever you earn big, just go legal and settle taxes first to avoid trouble in the future. Technically speaking any income needs to be reported to the tax authorities but if the amount of money you are getting is low then they are not going to pursue you since it is not worth it, but if you invest in an altcoin and it skyrockets and you have hundreds of bitcoin as a result you are going to have to declare that or you are going to get in a lot of troubles with your government. |
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I would really want to know what is real number of BCH supporters? Can we clarify one thing which side has majority? I know many good altcoins which can be good and decent substitute for Bitcoin, if we are talking this way.
I guess manny would like to see reversal, BCH to go up and BTC down. But it won't happen, this will make mess and many investors will start losing their trust.
That is impossible to know because we do not even know the amount of bitcoin users, but if the forum is anything to go by it seems the overwhelming majority are with bitcoin and only a minority with bitcoin cash, you say that there are altcoins that could replace bitcoin and while that is true from a technological point of view you need to understand we are talking about a currency and not about something else, gold has been with us for thousands of years and it still has relevancy so that it should give you an idea of how long people are going to hold their views about a particular form of money. |
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Hey guys,
Delay with the bentcrypto was because user lost access to the email on which he sent the withdrawal confirmation letter. So we waited few days just to exclude any security issues. Then we confirmed the WD for the user which was sent to the ICO, so we had to refund it later. Not the regular support request we get. However, because we get 50-70 emails daily since ICO it's hard to reply in a timely manner. That's our issue, we will do our best to minimize the answer time.
Regarding that BitGold or whatever it is. I simply have no time for it. So if users want to get that "shitcoin" they can withdraw and re-deposit later. We were able to pay everyone BCC with very nice profit (which doesn't change my stance on that scam coin as well), but with this scam - we pass.
Regards,
Alex
It does not get any clearer than that, if you want to get your bitcoin gold you will need to withdraw your coins from the BitDice website, and wait for the fork to happen and then after you get your coins you can deposit your money once again, this should clear any confusion from members of the forum that were asking about this in the previous days. Thanks, Alex. |
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Go on coinmarketcap, search for under 5mio mc coin, check some of them , their webpage, community, development. Invest and forget for 2 years and hope for the best😁
This is probably the only approach left, if we were talking about investing those 50 dollars in the past, that will still not be a lot of money but you could have invested in some of the most solid coins today at very cheap prices, now you cannot do that, you need to roll the dice and take a risk with cheap altcoins or with icos, however if you are able to hit the right coin the profits you can get are very good. |
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Hopefully this info is completely valid and signifies that crypto is recognized there. the future of another country will follow in his footsteps
Taxes can also help the state treasury,
The application of taxes to bitcoin can monitor the circulation of coins and avoid abuse so organized
Not everyone has the same view, for them taxes is just another form of state control and they are not going to accept it just like that, these people are hardcore and are not going to surrender to the desires of governments, personally I think we have no choice, especially if the amount of money we are talking is big, so if that is your case pay your taxes on your profits and forget about having troubles with your local government. |
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