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Where is The Pharmacist? He suddenly turned into 'Hottest Topic' on forum. Seriously! I seen he has given several red trust without solid reason. DT must reconsider or Pharmacist should delete some of his kiddish reviews.
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I would like to do Hindi Translation.
Username: webtricks
ETH Address: 0xE3e67bE90CC1205da41b46dbA4F67b39296347fB
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2) Nope. Both Bitcoin and Bitcoin Cash trade on different chains. Even if you trade BTC having equivalent BCH on same address, BCH will still remain on same address and only BTC will move. In short, both are independent and doesn't effect each other.
Tell me if you still have doubts.
So if I send BTC that has BCC still in it, can't the new owner extract the BCC? Or should I extract the BCC myself before selling the BTC? Right! As BCH belongs to address and not BTC itself, if you send BTC from your address A to buyer's address B, BCH will still remain on address A and new owner can't extract them. Yes! You should extract BCH yourself. But it hardly matters you do before or after selling. As I told earlier, it doesn't matter at all. Both chains are seperate. All you need to do is to import your Private Keys in any BCH wallet and use BCH in same way you do BTC. But make sure send BTC to some other address/wallet before using private keys because wallet may compromise. |
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You think limited money concept is flawed? Well, it is best model to adopt for currency operation in the country.
Currently all countries using unlimited money concept where currency is fully/partially/minimum backed by securities like Gold or pegged by Government reserves. But in practice, most of the money drained from economy in the form of Bad Debts because there isn't any scarcity of money. But cryptocurrencies can remove this deficiency and enhance country's situation because every unit is easily accountable and credit situations can easily evaluated.
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Yes. you can go for it. Invest in bitcoin and expect about 20-30 lakhs in an year. In case, there is sudden decrease in price, withdraw asap even in loss.
Yes, people might be thinking this as a joke that Bitcoin will reach 25-30 Lakhs considering current stagnation but it is certain that Bitcoin will cross this bar within year. We have seen similar stagnation in May-July 2017 and Bitcoin boom 5x after that. Same gonna happen in 2018, after few weak months, Bitcoin gonna surge huge in Q3-Q4 |
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How did you get coins from exchanges which are closed now? Please clear this line with more info, I could help you better then. Ummm, just like how people bought coins from MtGox before or BTC-e. There has been so many exchanges that served well but them then they shut down for various reasons. There`s no way to get the proof of your purchase from those companies anymore In order to show any amount as Capital Gains, it is required to show the invested amount first on which either gain or loss has been made. That amount must be in fiat of respective country. For example, if your balance is $15000 in trading, you can't simply state that $15K is amount after Capital Loss on $20K invested but you have to show receipt of purchase of crypto worth $20K from fiat at the time of entering trade. I totally understand and this is the problem though. I can claim the amount I bought it for but I can`t prove it. There is no way to prove it just like if you bought it from an individual or you mined it in 2011-2013 or so. I mean in some cases you just can`t prove it and my question is what what if you can`t prove it and they can`t prove the otherwise, what`s going to happen? Also just to clarify, I`m talking about US taxes and I`d like to tell them that I bought it at a high price this year in a shut down exchange that will give me no proof of purchase. What do you say? Ok next question I would like to ask that you are looking how to tax your amount or how to evade tax? Regarding taxation, if you can't verify input amount with adequate proofs, whole final amount will be consider as your income. So you have to pay income tax on whole amount according to US tax slabs of 10%, 15%, 25%, 28%, 33%, 35%, or 39.6%. Regarding evasion, I can't suggest you any viable mean. You have to co-meet local accountant and blockchain advisor to reach adequate measure. |
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Do you think when time comes for crypto coin's mass adoption comes, prices of coins will stabilize?
Ah! It's hard if we ever reach that position. There are basically two reasons for that: 1. Potential: Currently cryptocurrencies are being used (real people who invested or using cryptocurrencies in any mean) by hardly 0.4-0.5% world's population. It is too low to what called 'Mass Adoption'. Even if adoption increases at the rate of 1% per annum, it would take 60-70 years to reach stage of mass adoption. Also we generally consider that stability increases with adoption but 'Stability' and 'Mass Adoption' graph is inversely related in early stage. So until we reach 10%+, volatility will increase with adoption. 2. Decentralization: Everyone is free to create his own coin. So we seeing flood of cryptocurrencies in 2016, 17 and trend will continue in coming years too. Therefore it is hard to believe that all coins achieve stability. Most of them will remain volatile. volatile in good range is normal.. just look at forex exchange it still volatile but in acceptable number No doubt, I am supporter of Bitcoin's volatility. Moreover, it is only due to Bitcoin's huge fluctuations that people are attracted towards it in that big number. But OP was asking about the possibility of stabilization and I have answer according to that point of view. Yes, you are right. Excess of everything is bad. Volatility should be in acceptable range so to make crypto investment more serious. |
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These are difficult time for crypto market!
What do you think about Korean's news? Will crypto prices rise up again? Or this is the beginning of the end?
Cryptocurrencies Cap was $500B before New Year and now it is $700B+, where are you seeing end? Where is the difficult time? For me currently it is boom period for cryptocurrencies. It is not Bitcoin which going down but other coins coming up. From 2010 up till now, December 2017 - Jan 2018 were/are the best months for ICOs. The amount invested in ICOs and cryptocurrencies was highest till now. Moreover, have a look on charts of cryptocurrencies. You will find that 6 of 10 have sudden increase in these two months like one given below: On the other hand, as far as Bitcoin is concerned, second half of 2018 gonna be boom for it. Expert Analysts have already estimated that it will see some correction in first half, no need to worry. |
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Sell ripple or ride this out? cant finalize whats should i do ?
Ripple is what it is. The coin was launched by a company providing friction-less P2P payment system which is adopted by lots of companies. However, coin itself has nothing to do with payment system. So what ever growth we see in price of Ripple coin is just based on news and FOMO. There is hardly any possibility of new development in coin so don't expect any good news in future. However, everyone knows only 40% of total supply is currently circulating and rest supply can be released by team anytime so there is indeed risk keeping XRP. On the same note, it is possible too that coin boom again due to future news and FOMOs like it did in past days. So only keep coin if you have courage to lose money. |
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Nothing could be worse than users using wallets not giving them private keys. Coinbase is one such example. They don't have anything special but still they claim themselves 'Wallet' over 'Exchange' becuase too many noobs still use them as their prime wallet. Such reactions from users have given Coinbase immense power to do what ever they want. Even when they doing batch payments, still they take fees equivalent to solo payments. So they hardly care whether to adopt Segwit or not when they have enough to spam mempool.  |
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1) Can a person detect if a bitcoin still has bitcoin cash in it?
2) Assuming 1 is yes, is a bitcoin with the cash still in it worth more trading than a bitcoin without?
Thanks!
Before answering your questions, I would like to clear one thing. It is not Bitcoin but Bitcoin address that matter. You have some wrong conception upon the idea of BTC/BCH. It will be more clear with following answers. 1) Yes. Suppose you have BTC on 1VodeDgeG4dh5noobtrsoRR23fkrR52sV (before 1st August), one can easily trace if this address still has equivalent BCH or BCH have been exported. 2) Nope. Both Bitcoin and Bitcoin Cash trade on different chains. Even if you trade BTC having equivalent BCH on same address, BCH will still remain on same address and only BTC will move. In short, both are independent and doesn't effect each other. Tell me if you still have doubts. |
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How should I claim my initial coins to start day trading?
Should I claim them as they were gift from someone? or inherited from someone? or Should I just claim that I bought them expensive?
None of those claims will have any kind of proof because I actually got the coins in 2013 from exchanges that are closed now and were overseas. So please help?
How did you get coins from exchanges which are closed now? Please clear this line with more info, I could help you better then. I guess that you want to avoid capital gains taxation.If i had to shoose between the three options,i will choose the third one.The first two-gift and inheritance seem not so realistic to me.People just don`t send their crypto as gifts and they don`t inherit crypto.
In order to show any amount as Capital Gains, it is required to show the invested amount first on which either gain or loss has been made. That amount must be in fiat of respective country. For example, if your balance is $15000 in trading, you can't simply state that $15K is amount after Capital Loss on $20K invested but you have to show receipt of purchase of crypto worth $20K from fiat at the time of entering trade. |
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The title says it all. I'm curious about what you've seen given the amount of expertise you guys got here. Thanks!  According to amount of money raised in ICO, following are the Top 10 ICOs ever. However, if you feel sad that you were unable to get into anyone of them during CrowdSale and now their prices are skyrocketing, you need not despair because new sensation, Envion has raised $80M+ already and come up as new entry into above list as 6th highest raised ICO ever. You can still participate in Envion ICO by finding site link in my signature. Today is the last day of Envion ICO. In future, you will find Envion too in list.  |
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Wow! Indians turned enthusiast from the moment Livemint announced this news. But is it really worthy? To understand this situation clearly, I would like to relate Jiocoin situation to the situation of Ecoin as shown in Mr. Robot. If you watched that series, you must be knowing that E Corp created ECoin in order to gain full currency control in the time of financial crisis. It was for the sole benefit of company. I could smell same intention in the case of Jio too. Similar to E Corp, Reliance is leading conglomerate in India. If people are happy that launch of JioCoin will clear Bitcoin's way then they must watch Mr Robot once, how E Corp turned down Bitcoin when their coin boomed. It may sound funny but I could relate Jio inch by inch to E Corp. Launch of Jiocoin if embraced by government can mark the end of Bitcoin.  |
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So bitcoin got extremely high transaction fees, slowdowns, huge risks.
While ETH gets ton of shady ICOs and their most successful dApp is some stupid dancing cat avatar.
It always amuse me when people criticize Bitcoin for slow transactions and high fees. Let's take a minute and think about a situation where Coin X being used on a level of Bitcoin. Will it still be cheaper and fast? The current ETH congestion is the proof that any coin if used at the level and volume of Bitcoin will face scalablilty issue. Now coming to ETH dApp known as CryptoKitties. Well, we can't judge people's fun or joy even if they trading virtual kitties but as crypto enthusiasts, we too have gain alot from CryptoKitties case. It acted as a trial test for Eth security and speed. So we shouldn't criticize it either. |
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CoinsMarkets was just a small exchange with some PoS coins having low value and people never cared much about its team, registration or any other information. But last month two coins namely COLX and ECA surged 5000-10000% and CoinsMarkets received huge deposits worth few millions. This huge influx created DDOS on site and this is verifiable and they aren't lying on this at least. But then they suddenly disappeared on the name of server migration for last 10 days. Troubled investors contacted hosting provider of CoinsMarkets and it verified that the owner of CoinsMarkets ordered 3 new servers for site. After cross-questioning from Hosting Provider, owner of CoinsMarkets updated following status on his website:  So we can for now believe they aren't scam and trying to get back site. As they are small team because exchange was hardly any big thing till December, such migration is surely big headache. |
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It is know that bitcoin has made a few millionaires, but many of these people donīt have any particular knowledge of the economy nor business. Do you think that is a fair situation?
lol. Person winning lottery or lucky draw has? Indeed, crypto millionaires deserve wealth because they recognized potential of Cryptocurrencies especially Bitcoin before us and invested into it. Won't you consider that to be knowledge of economy? Warren Buffet is rich because he harnessed Stock Market to his full knowledge, similarly Crypto Millionaires are rich because they harnessed Crypto Market to their full knowledge. |
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To develop any country into mining hub, support from local government is must. As far as India is concerned, Government has shown negative outlook towards Bitcoin. However, it is not gonna ban Bitcoin but still it aiming to regulate Bitcoin and levy heavy taxes on it. In such circumstances, it is hard to believe government would appreciate and support Crypto Mining in any way (like providing free or subsidized electricity, etc).
Whereas Individual doing mining won't gonna have impact on global level so that India turns into Hub for Mining. In the conclusion we can say, India is no where in the race of becoming super power of Bitcoin like other Asian countries such as China, Japan or Korea.
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As I told on the subject, there are some apps that help us earn Bitcoin such as Experty, its really a good apps. Have you heard about it, bros?
Earning Bitcoins for unskilled manual work has now become unfeasible. Clicking ads, doing surveys, downloading apps, etc etc. don't worth more than few thousand satoshis. More or less, you will be wasting time and when fees has grown dramatically, hardly anything comes in hand of worker. It used to be good source 3-4 years ago when rewards in BTC were high. It is better to see for some skillful works like developing, freelancing, etc etc and earn good money in Bitcoins rather than making few bucks on Apps or Faucets. PS: If you talking about Experty ICO, app isn't in operation yet. Is this some kind of promotion? |
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