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If I could achieve my objective in crypto, then I would definitely move away totally from everything online while I focus on the offline part of investment. My area of focus would be real estate business which has always been my goal of investment and its due to the low risk area that it belongs to. Over here the law concerning investing and development of real estate is decentralised that individuals or group of individuals can be part of only the cost part could be on the high side but with crypto largesse, one could get it soon.
Its also a form of investment that its useful life time transcend into the future with just relaxing and let other people who wants accommodation may money for me.
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If only we know the way our entire life is tied to the entire banking industry, we will know that the influence of the banking system on even the crypto currency universe is enormous and one thing they have to their advantage is that they are evolving with the current technology. Today even government is relying on the banking sector of the economy to drive any of its economic policy even to the extent of political victimisation.
If the whole banks in a country should start flagging every transaction that have to do with crypto, then that is the end of crypto currency all this put together show the amount of influence of bank on the entire crypto market.
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I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices." If you want to read the whole story, just check this out. And tell your insights https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.htmlThe effect will be massive and we might not see large entrants into the market as much as we want in the coming days. A lot of people got involved with crypto by virtue of what they see on social media and Facebook control majority of what people do on social media and when it affects Facebook, it then means Instagram is on with it and gradually might spread to Twitter and other social media sites. This is a big blow happening at this time and I hope they have a rethink very soon because this ban will not only affect ICOs but also exchange sites, wallet providers, peer to peer sites and everything related to crypto. |
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Reading the article, I was able to catch a glimpse of what he is talking about but the place I have issue was when he was quoted as 'bitcoin is not a currency today and not in the future' makes me wonder the amount of thought that is put into decision making of an organisation strategy thinking before coming out with a position. Although, he is yet to list the specific crypto currency that would be accepted but outrightly disqualifying bitcoin makes me feel its really not about implementation but about making a statement and this statement is coordinated one.
Bitcoin at this particular time, no matter how many people try to make themselves believe something else, bitcoin will remain the trail blazer in the industry and unfortunately for them, they are adopting the blockchain technology with bitcoin itself not knowing that they are even doing more in propagating the popularity of bitcoin. Also, only if they will be establishing their own exchange sites for conversion of fiat into any currency they want to use, there would still be need for the use of bitcoin in the process because any user would have to first convert to bitcoin before converting to any of the accepted crypto currency.
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South Korea’s finance minister has confirmed the government has no plans to shut down cryptocurrency trading or exchange platforms. After weeks of confusion and panic among Korean investors, traders and adopters of cryptocurrencies fearing a sweeping government ban akin to China, the country’s finance minister has today stressed that the government has no plans to introduce crippling curbs on the cryptocurrency market. Instead, the government’s immediate focus will delve into regulating cryptocurrency exchanges, according to the official. In a clear statement reported by Reuters, South Korea’s finance minister Kim Dong-yeon said: There is no intention to ban or suppress cryptocurrency (market). Besides bringing respite, the comment also brings clarity to a barrage of contradicting statements from government officials from multiple ministries who have backed or opposed the ban on cryptocurrency exchanges, originally proposed by Korea’s Justice Ministry. The societal backlash against the proposed ban even saw the Executive Office of the President weigh in on the matter, cooling fears of a blanket ban. Korea has notably followed China’s example in introducing bans for the cryptocurrency sector, specifically initial coin offerings (ICOs). On the same day of proposing it, Korea’s justice ministry was forced to soften its stance on the ban proposal, which was unlikely to succeed from the beginning. The justice ministry found little support from other governmental ministries including the ministry of finance which refused to endorse a ban on cryptocurrency trading and exchanges. In a public radio interview this month, the chairman of Korea’s economic competition regulator disputed the very notion of a ban, effectively stating it would be illegal for the government to enforce such measures. Korea’s Fair Trade Commission chairman Kim Sang-Joo stated: “[Shutting down cryptocurrency exchanges] is not realistically possible. Based on electronic commerce law, the government does not have the authority to close down cryptocurrency trading platforms.” Featured image from Shutterstock. LINK: https://www.ccn.com/south-korea-no-intention-ban-cryptocurrency-exchanges-finance-minister/Great news! News like this are not generally something to rejoice about because the amount of damage it has caused is not remedied immediately and not everyone who took a decision because of the negative corresponding news will bother to go back to read if there is an update just like this and the deed has been done already. Again, statements like this can be revoked or recanted based on latest happenings but at the same time, its shows some level of hope that there is light at the end of the tunnel because since the beginning of the week, this is one of the good news that have happened in the midst of several news with nothing other than negative impact on price. |
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Just a few days ago, Mark Zuckerberg said about Blockchain Technology:
I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.
and now we see the result of it :
Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook. We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency.
Banning cryptocurrency-related ads will affect lots of legitimate businesses in crypto space and Mark Zuckerberg knows that, So I think that Facebook by taking this action is showing no interested in Blockchain technology. I would say its not that he does not believe in the blockchain technology but when you look at a company like Facebook, decision such as that are beyond Mark himself the company is publicly traded which means that there is a board that oversee the affairs of the company in which Mark himself have to report to or else, he might be forced out of the company. We have read how government agencies have forced Facebook to provide details of individuals posting on its platform that is against the principles of the government in power. In some other cases, we have seen Facebook banned in some countries. Again the myriad of unscrupulous individuals have been responsible for people losing their money on Facebook and when they complain, they go their regulatory authorities which then writes to Facebook. Even now it has gotten to a point where ads I see on Facebook I write off as false. So, don't let us blame Mark but the kind of people this market have attracted and are responsible for the soiling of name that have been built. |
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Hello, I am new to this world and I would like to depend on your community, as well as contribute what I can.
I am taking my first steps and I hope your collaboration and understanding for the questions that I can ask you, the most certain thing is that many are already formulated in this
extensive forum ...
Thank you.
You are here and welcome. What you need to know is that the forum is conglomerate people from all walks of life. The advance youths are here, the youth are equally here while those who are below 18 are equally here. You need to understand that in case you come across some comments and you begin to wonder where the source could be. You also need to be prepared to know that not every one here is from English speaking countries because of the incoherence in some comments you will be reading as well. I can assure you that any question whatsoever that you want to ask, someone is ready to answer you. All you need to do is to sum up the courage of asking. Another important thing to know by default as excuse is not pardonable are the rules both written and unwritten. One is the copying and pasting. At no time should you do this under any circumstances because its a good bye to the forum. Some other you learn along the line. I hope you have a fulfilling stay. |
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If this should go through and they are forced to carry out an audit, then Bitfinex and Tether must better be able to provide backing for the amount of Tether they have in the bank. Just like my earlier comment if this is bursted, the whole if USDT is gone for and that moment that happen, the market price of bitcoin is about to crash and this time, its going to be big and with reasons as well because there has been some theory that USDT was responsible for the pump in the price of crypto. Regulators will surely come but if Bitfinex has a sound legal team that wants to go drag this matter, I feel the regulatory authority is acting ultra vires and the reason is that, unless there is a new law or the old law was amended to accommodate the type of industry in which Bitfinex operates, there is no basis at all to investigate them. |
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USDT won't collapse not any time soon just because of its nature. It equals 1 dollar that is the argument we were made to believe but the issue is when bitfinex was hacked and about 30 million USDT was stolen, was the same amount stolen from their bank account? Obviously no and they didn't even feel it be cause they could just create additional 50 million USDT without anybody setting limit for that.
It simply shares the same characteristics with fiat because despite the million of notes that is being shred on a daily basis, they just print more, if the value drops as a result of inflation, they increase minimum wage and simply print more notes which means it won't crash.
they cannot do that. if 30 million USDT is stolen, obviously the attacker immediately traded for another coin and withdrew them hence they now have a $30 million obligation (loss) to their customers.
usdt is not the feds, new money is not printed because the ticker existsThat is exactly what they can do and that is why there is no noise of what went down. 30 million if withdrawn at once is not enough to change the direction of the market. The exchange that was hacked in Japan where over $700 million was taken, there was still no effect on price not to talk of a 30 million USD effect. Another reason is that, the attacker does not hack and leave it on the exchange site, its taken out because if its still on the exchange site, it would have been tracked and found couple with withdrawal of such amount from a single account will need manual processing which of course will need some investigation. All of the money we have in our banks account are not backed by cash its when you withdraw because someone else is depositing that is when you have cash. Imagine everyone wants to withdraw their money at once, that is when you know that its just numbers we have and not real money and the same thing is going on here. |
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This is another dark side that is being opened in the crypto world and I must say this is the first time reading about this although I have imagined something like this before. Of getting robbed and checking your phone only to realize that there is a crypto currency app on your phone only to be forced at gun point to transfer everything. This is even worse because if it had been bank, you might be able to withdraw your fund if its not withdrawn yet but bitcoin, the moment one confirmation is done that is the end.
In protecting one self, I don't think its going to be any easy as you are trying to stay safe online, some other people are coming against you offline and this is a lesson for everyone. As because of his activities that is why he was targeted so, we need to be discreet in how we loud and make noise of our activities as it relates to bitcoin because when it happens, the whole of life time effort might have been swept while there is no one to report to.
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I can only see the new merit system being abused by those people with multiple accounts that he can use to rank up one of his accounts for his own benefits while the good quality poster will be ignored because no one really is interested to giving merits to anybody it will just become another task for them and it's a drag. And this merit system can also be exploited by many various ways such as selling it. I also heard that DT members is putting red flags on you for meritting someone and be accused that it is your dummy account.
Your earlier sentence is very possible for people to start abusing the system but the way the merit system is designed made it something that won't last long term the reason is that there is limited amount of merit an individual can give out and the moment he uses it to promote an account, considering the gap between a rank and another is large, he will be forced to post quality in other to get merit to move to the next rank. Opening a new account won't even solve it because that would have zero merit to give either way you will still be forced to do the right thing and that should solve the issue of DT members giving red and we all know that you don't just give 30 merits for just post we all don't agree has content. On maybe no one is interested in giving merit, you will see more of it because even me, I have given one to someone who just made sense to me and managers reading post too can give when they come across something interesting. |
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I bought this car almost 1 year ago, sadly I need money for my family and I cannot afford it anymore. I tried to sell but none in italy wants it, so I'm trying to ship it overseas. If you want to buy, here there are some pictures https://imgur.com/a/m8N7DI will only accept bitcoin or ethereum as a mean of payment. Price is (from currencio.co) 2,5 BTC or 26 ETHCan consider lower offers, but keep in mind that for this price I will also ship the car by sea. Shipping starts from VENICE PORT to YOUR LOCATION PREFERRED PORT 2 up to 3 weeks after I get first half of the price and you can send me the rest when the car arrives to destination. Keep in mind that sea shipping is slower than air shipping and it takes more time depending on where do you live. The estimate time for italy-usa would be 2 months. So 1,25 btc now and 1,25 btc in 2-3 months. No dreamers please, only people really interested in buying and into old sportscar. I check the image you posted and the message and I found some interesting things 1. That you want to sell that car for over 25,000$ still amazes me because even vehicles such as some Toyota or Honda brands that are of say 2012 models are not that expensive and with $15,000 one can get the vehicle and even pay all sort of charge to the required destination whether though air or sea. 2. How you expect someone to send you over 10,000$ again before you shipping the car is what I cannot phantom that you will then wait for the remaining half. Two things I observe there its either you are not willing to ship it at all or the real amount is that half amount because there is no way you will guarantee the remaining balance when the car gets to its destination. |
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Reference: Here"In light of these domestic and global trends, the laws on sports betting should be changed," Silver said, citing sports betting’s popularity both among fans in the United States and throughout the world. "Congress should adopt a federal framework that allows states to authorize betting on professional sports, subject to strict regulatory requirements and technological safeguards."
Eventually that is what will happen because what they are doing now is just to make money for some set of people because gambling on professional sports has always been there from time immemorial what they want is to get a share of the cake "officially" and not that they have not been getting it behind the scenes. The bold part is where there won't be chance to for crypto to feature because such strict rule would mean some high level of verification on a gambling site which a lot of participants in this section of the market stay away from like plague. So until when they are able to figure that out, for those that are winning, enjoy it while it last. |
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Hi, i have a question for my gambler's buddies as i'm perplexed by this. I have a friend who really wishes to gamble, but he is not allowed to because his uncle lost his entire assets and some million's and his grandfather to lost another million or so (they're filthy rich). So due to this facts he is barred from gambling, they believe he'll loose money to, they're stopping him on past incidents and i'm really tired of explaining them they're wrong, what do you'll think, anyone else faces such issues?
If you are helping him explain to them that they are wrong, you had better just give him your own money to gamble with then see how it goes. This is a family who not only have evidence based on hearsay, but witnessed it first hand and I am sure your friend must have met one or two of the people reference is being made and there is no amount of explanation you will do that will make the family change their mind. If he is bent on gambling, just tell him to go make his own money, gamble with it, make tons of more money then come back to shame his family on how wrong they are by banning him from gambling. Its that simple. |
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I won't say the merit system is perfect but its not too high and you don't know who is watching. Today I just noticed my merit increased and I was wondering what I did or who found it worthy only to discover that it was not even a recent post, it was not all epistle post, it was just an expression of opinion on certain matter and it was from someone who I never had contact with on the forum and don't even care about reciprocating it.
What I fear is for people who are likely to be impatient with the whole process and wanted to rank up by all means because there is a huge gap between one level and the other. Again, let all work together because its possible to gather 50 merit in a day but not 50 activities so with proper intelligent posts one might even get the merit to be a Hero Member while still a Senior Member.
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It is worrisome. But it is a general problem not peculiar to cryptocurrency world. Even regular banks are hacked also. It will need a holistic approach to mitigate such occurance.
Even if its a general problem, its one too many for crypto currency banks gets hacked but not the frequency that we see them. The number of banks and their branches in one country can be more than the entire crypto currency exchange sites that we have in the market yet we don't hear they get hacked everyday and even if they get hacked, its always a vulnerability that is always addressed immediately, the customer does not even know because nothing is happening to his money. The reason is because no one is holding those people responsible for them to even have the audacity to confirm they are hacked its like a way our for someone who declared himself bankrupt because he does not want to pay his debtor and by so doing, he gets a free pass and until when accountability is required from the promoters of crypto services, this will continue to happen. |
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Here's why I think $6 trillion is completely reasonable:
1. Wall Street hasn't jumped in yet.
2. Big business still has its toes in the water.
3. There's widespread and mainstream awareness, but very little mainstream adoption.
4. We're going to see at least one governments currency collapse soon, with that nation switching to cryptos. That will begin a widespread acceptance of cryptos as legitimate.
5. The trend in the general population is anti central authority aka. big banks, governments, big corporations. Look at brexit, Trump, the rise of nationalism against the EU, etc. Cryptocurrencies are the embodiment of anti authority and giving the people more control over their wealth.
With so many catalysts, a 10-12x growth for this market is definitely a possibility.
What do you all think?
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@charteroakpublic
- a Telegram channel dedicated to providing leaks from premium sources like Palm Beach Confidential and more.
You actually have some good point there and its something we can relate with but at the same time all of those things are happenings that are normal in the economic development of the world and a lot of things there can equally happen but rather than increasing the price of market capitalization, it could mean the end of bitcoin One, when wall street enters the market as you have predicted, they come in with huge money which then give them some reasonable control which make the drive price to the direction they so wish. They can drive it to the point where they pull out and won't go up again. Stock market crash of 2008 is a lesson for all. Again on your number 4 about seeing a currency crash which then means that bitcoin is the alternative, I guess that is thinking gone too far. Several years Greece battle with debt they didn't switch to bitcoin, Zimbabwe had the same issues but that didn't make them to switch it means there are several ways to solve a problem than one way you are looking at it. |
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Thank you I was doubtful but the adrenaline to buy 6 GTX 1060 for 700 dollars just got into me. I always ask in the forum before I take any decision as here you find answers for almost everything which is tech related. I thought so that it was some Chinese scam but what made me think was how can they fit it in an original ASUS Strix box without removing seal of quality.
I didn't even thought that someone can modify the Bios of some Chinese cards to make them look like a 1060 in GPU-Z. I knew the Chinese were scamming in lower versions of Nvidia , with 960 topping the list but never thought things to have gone such far. It appears our world is going from bad to worse with all kind of shit happening even in one of the most trusted marketplaces of the world.
Good for you that you check it out. The ingenuity that people possesses these days just to scam another person amazes me and you wonder what other skills do one need to do the right thing and if the amount of skills is channeled right the seller might become a top seller in no distance time and its not only on eBay several other trustworthy sites and that is why I frown at people buying or selling reviews. I have been there and scammed because of such reviews and never again will I fall for such not even likes on Facebook or Instagram or even views on YouTube they can be bought. Just like in my post anything way cheaper than the market price is a red flag for a sensible person to dig further just like you have done. |
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Hi,
I live in the US but have requirements to setup a corporate/High net worth account to handle 50-100K per week transaction to buy BTC.
The funds will come via international wire transfers into US bank account. The origin of transfer will be India.
I am looking for someone who I can speak with to give me legal and tax advise on how to go about setting this up.
Thanks
LS
In further corroborate what the earlier poster said, the best bet for you is to set up a company because there is no way you want to receive such amount on a weekly basis as an individual that your account will not be flagged it can happen in other countries but not in the United States. What you need to do is to first seek legal expert specialised in matters of business and money matters to guide you in doing this. You might be able to register a company online like we have it here but beyond that, there are several forms to fill at the level of the banks, verification to comply with and some authorisation to get before being allowed to have access to that amount of money. |
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It may not work in all countries but: - In some countries, donations are not taxed. So donate the money to your brother (0% tax) then your brother donate to your sister (0% tax) and finally, your sister donate to you (0% tax)  - Buy gold with cryptos, once you receive the gold bars, sell them - Use decentralized exchanges - Move to a country without taxes on capital gains for 6 months - Pay the taxes in your country, because it is somewhat for your own benefits too. This is somewhat good idea but unfortunately it won't work and based on the Capital Gains Tax Act that I have sighted I have not seen such loophole and I don't think drafters of laws, the legislative house that will pass it or the Executive that will append signature can allow such to pass all over the world. What the law says from here is something acquired by way of gift and disposed as gift so if anything is go by your analogy, its just shifting the eveul day forward because at some point you will have to either use it buy something, or convert it to fiat which in from the tax point of view, is sale and tax becomes payable. A way I can think of is if the capital gains tax is high in your own country, convert it abroad, then issue an invoice for services to be paid in form of consultancy fee the tax rate for consultant is always lower than Capital Gains Tax with that you reduce your tax liability and if you have paid tax in the country its coming from, you enjoy double taxation relief. |
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