Is Lightning Network not going to be that useful? If most people are using Bitcoin to store wealth - they don't need hot wallets. Our primary use case is sending all our bitcoin (hard forks), or sending most of it (buying/selling on exchanges - moving to hardware wallets). As such payment channels aren't useful. We need bigger blocks (or to convert into altcoins and use them to increase the block size).
For most of the world, we have capital gains tax - which makes paying for coffee with Bitcoin very complicated.
Topic: nrd525 Market Tracker - page 25. (Read 83111 times)
Market sold most of my Bitcoin Gold on Bitfinex at $359 =)
I might still have a bit left in another wallet that I need to sweep.
I might still have a bit left in another wallet that I need to sweep.
I'm thinking that it doesn't make sense to count bitcoin forks as income (IRS) until the mainnet goes live. At least if you are holding your own coins in a wallet. So for Bitcoin Diamond this is Jan 4, 2018 (at least according to their twitter). Even then it takes a while for wallets to support it. It's a very fuzzy area and I have no idea how the IRS is going to make a ruling.
Bitcoin Diamond is a marginal case - as a lot of people aren't going to bother (or even be able) to sell it.
Bitcoin Diamond is a marginal case - as a lot of people aren't going to bother (or even be able) to sell it.
Selling more BTC. I think I'm not going to worry too much about exceeding the 48k+ tax bracket. Likely to hit it if BTC goes to 20k (and I sell more) or if BFX swaps pay well.
So far in 2018, sold around 1.6 BTC at 14200ish. Goal is to buy back sub 5k.
So far in 2018, sold around 1.6 BTC at 14200ish. Goal is to buy back sub 5k.
Bitcoin diamond doesn't seem to be listed on hitbtc
https://coinmarketcap.com/currencies/bitcoin-diamond/#markets
The android emulation is a great idea for typing in seeds. Though the mobile phone is good for QR codes.
https://coinmarketcap.com/currencies/bitcoin-diamond/#markets
The android emulation is a great idea for typing in seeds. Though the mobile phone is good for QR codes.
I'm working on extracting and selling my Bitcoin fork coins. Where can US residents sell Bitcoin Diamond? I was looking at gate.io - but they don't allow US residents (and I haven't got the email confirmation).
Also looking to sell Super Bitcoin.
Going to sell Bitcoin Gold on Bitfinex.
My general process
-move BTC to a new wallet
-installed BitPie and Bither (mobile aps - had to use my mobile phone)
-get the coins in Bither (import the seed and then it is under advanced options)
-send to BitPie
-send to exchanges
-market sell
Also looking to sell Super Bitcoin.
Going to sell Bitcoin Gold on Bitfinex.
My general process
-move BTC to a new wallet
-installed BitPie and Bither (mobile aps - had to use my mobile phone)
-get the coins in Bither (import the seed and then it is under advanced options)
-send to BitPie
-send to exchanges
-market sell
No need for a smart phone. I did this today using the Bluestacks Android emulation program for Windows. Works great.
HitBTC supports a lot of the fork coins (deposits and withdrawals of crypto without ID verification and ok for USers).
I'm working on extracting and selling my Bitcoin fork coins. Where can US residents sell Bitcoin Diamond? I was looking at gate.io - but they don't allow US residents (and I haven't got the email confirmation).
Also looking to sell Super Bitcoin.
Going to sell Bitcoin Gold on Bitfinex.
My general process
-move BTC to a new wallet
-installed BitPie and Bither (mobile aps - had to use my mobile phone)
-get the coins in Bither (import the seed and then it is under advanced options)
-send to BitPie
-send to exchanges
-market sell
Also looking to sell Super Bitcoin.
Going to sell Bitcoin Gold on Bitfinex.
My general process
-move BTC to a new wallet
-installed BitPie and Bither (mobile aps - had to use my mobile phone)
-get the coins in Bither (import the seed and then it is under advanced options)
-send to BitPie
-send to exchanges
-market sell
What is going on with Bitcoin Diamond at Binance? It trades for 0.01 - 0.02 BTC which is 5x-10x the other exchanges. If deposits and withdrawals from Binances are possible using cryptos (sell for BTC and then transfer into LTC or another crypto for fast transfers), people should be going crazy and get rid of this premium.
New accoount registrations are closed. But old accounts should be more than enough. Very fishy.
Edit: Apparently Binance doesn't allow Bitcoin Diamond deposits.
New accoount registrations are closed. But old accounts should be more than enough. Very fishy.
Edit: Apparently Binance doesn't allow Bitcoin Diamond deposits.
See their definition of U.S. Person. It excludes corporations.
Bitfinex has opened up new account registration. I just realized a possible loophole. It is perfectly fine according to their TOS to trade on their website if you are a US based LLC (or other corporate entity), so long as you deposit/withdraw in crypto only. So I could skip the 6-8 week verification process (could even take longer if they get overloaded - and it might take a while to get my local LLC bank account setup). And at these current swap rates (0.07%/day), the extra 6+ weeks of interest can add up.
Does this sound legitimate?
Does this sound legitimate?
I think you might be right as long as you're lending and not borrowing:
Quote
U.S. Persons may not be Financing Recipients on the Site.
Bitfinex has opened up new account registration. I just realized a possible loophole. It is perfectly fine according to their TOS to trade on their website if you are a US based LLC (or other corporate entity), so long as you deposit/withdraw in crypto only. So I could skip the 6-8 week verification process (could even take longer if they get overloaded - and it might take a while to get my local LLC bank account setup). And at these current swap rates (0.07%/day), the extra 6+ weeks of interest can add up.
Does this sound legitimate?
Downside is that I have to regularly say "I'm not a US resident" (which they actually have reworded at least at once place to say "I'm not a US individual customer"). So the interface will become very annoying. Also they might not believe me, in which case they could put my funds on hold and make me go through the verification process...
search for 'U.S.' to find all the references to US persons.
https://www.bitfinex.com/legal/terms
Does this sound legitimate?
Downside is that I have to regularly say "I'm not a US resident" (which they actually have reworded at least at once place to say "I'm not a US individual customer"). So the interface will become very annoying. Also they might not believe me, in which case they could put my funds on hold and make me go through the verification process...
search for 'U.S.' to find all the references to US persons.
https://www.bitfinex.com/legal/terms
Binance claims to add million plus of accounts per week.
https://www.bloomberg.com/news/articles/2018-01-11/world-s-top-ranked-crypto-venue-added-240-000-users-in-one-hour
Are Chinese mainland residents allowed to use Hong Kong exchanges? If so, that is a huge loophole!
https://www.bloomberg.com/news/articles/2018-01-11/world-s-top-ranked-crypto-venue-added-240-000-users-in-one-hour
Are Chinese mainland residents allowed to use Hong Kong exchanges? If so, that is a huge loophole!
I think there have been three (at least) companies that added blockchain plans and it has caused their stock to pump. Latest one is Kodak - went from $3 to $12. Very bubbly.
S. Korea might be shutting down exchanges or just cracking down on fraudulent activity.
S. Korea might be shutting down exchanges or just cracking down on fraudulent activity.
It's unreasonable because we don't have good use cases. Most of the proposed use cases are unrealistic and often the token is completely unecessary. We haven't even built major bitcoin prediction markets (though Fairlay and others are trying) - because marketing is hard. You might as well be investing in building a colony on Mars, asteroid mining, or cold fusion. Space has an infinite market cap 
Along those lines, according to this article XRP only plays a marginal role in the Ripple Network.
https://medium.com/@twobitidiot/i-see-you-xrp-fcf151feb96d
Why does Ripple think that banks and other institutions will use XRP as a currency bridge and hold reserves of it given its massive volatility?
They'd have to offset their holdings with a massive short position which would be too expensive (and currently impossible) to maintain, as well as exposing them to exchange hack/theft risk.
Along those lines, according to this article XRP only plays a marginal role in the Ripple Network.
https://medium.com/@twobitidiot/i-see-you-xrp-fcf151feb96d
Why does Ripple think that banks and other institutions will use XRP as a currency bridge and hold reserves of it given its massive volatility?
They'd have to offset their holdings with a massive short position which would be too expensive (and currently impossible) to maintain, as well as exposing them to exchange hack/theft risk.
I'm wondering if there is an unprecedented number of pump and dump groups, and if they actually control billions of dollars - and are displacing traditional traders in many of the alt-coins?
The alt-coin pumping is at an ATH.
This seems like the tech bubble, when from what I've heard all sorts of nonsense companies were pumped. Though I wasn't investing (other than some Nortel Networks that I had via the TSE-300 index) at the time. The psychology is pure gambling/ponzi. It's impossible to be rational if you are trading things that go up 40% in a day.
For me the big question is whether we'll have one more bitcoin pump, or if the altcoins will die without having another bitcoin pump. And then it's time for the bear market.
The alt-coin pumping is at an ATH.
This seems like the tech bubble, when from what I've heard all sorts of nonsense companies were pumped. Though I wasn't investing (other than some Nortel Networks that I had via the TSE-300 index) at the time. The psychology is pure gambling/ponzi. It's impossible to be rational if you are trading things that go up 40% in a day.
For me the big question is whether we'll have one more bitcoin pump, or if the altcoins will die without having another bitcoin pump. And then it's time for the bear market.
v This is just one group here that I saw. They claim over 75k members...all slam dancing thru different exchanges.
Pump in 13h https://discord.gg/PkRajM
I imagine non-English speaking groups are out there too. The power of such groups is not to be denied. Everyone keeps going to the the .com bubble..its really the only modern thing we can equate with the rise of cryptocurrencies. Yes..many of those companies crashed and burned. But dozens are now billion dollar+ entities. I paraphrase what I said in another thread..can it be a bubble if your filling empty space. This is something new. A paradigm shift if you will. Global markets and Sovereign states are being dragged into this new "space" wither they want to come or not. Of the estimated 80 trillion in "broad" money out there crypto is going to grab a large chunk. Never all...there will always be a need for coin and cash...and other commodity's. Is getting 50% of that unreasonable? Maybe...but I think it will easily double from where it is now..and double again.
Sold 0.5 BTC at 15100.
I'm wondering if there is an unprecedented number of pump and dump groups, and if they actually control billions of dollars - and are displacing traditional traders in many of the alt-coins?
The alt-coin pumping is at an ATH.
This seems like the tech bubble, when from what I've heard all sorts of nonsense companies were pumped. Though I wasn't investing (other than some Nortel Networks that I had via the TSE-300 index) at the time. The psychology is pure gambling/ponzi. It's impossible to be rational if you are trading things that go up 40% in a day.
For me the big question is whether we'll have one more bitcoin pump, or if the altcoins will die without having another bitcoin pump. And then it's time for the bear market.
The alt-coin pumping is at an ATH.
This seems like the tech bubble, when from what I've heard all sorts of nonsense companies were pumped. Though I wasn't investing (other than some Nortel Networks that I had via the TSE-300 index) at the time. The psychology is pure gambling/ponzi. It's impossible to be rational if you are trading things that go up 40% in a day.
For me the big question is whether we'll have one more bitcoin pump, or if the altcoins will die without having another bitcoin pump. And then it's time for the bear market.
Ripple is up another 34% on the day. Evidence that the crypto bubble isn't over.
...
...
It seems like every coin that Jed McCaleb is attached to is going to pump especially hard.
The next time he starts a cryptocurrency project I will be in on the ground floor.
Nevertheless, I have to admit that all the coins with a really high supply (e.g. Ripple or Stellar with +100 billion
outstanding coins) are performing especially good during a bubble like this. This is probably caused
by the psychological biases and anchor effects that affect the majority of people. Just look at all the guys,
who log in to Coinbase just to buy the coins that are "cheaper" than Bitcoin.
Ripple is up another 34% on the day. Evidence that the crypto bubble isn't over.
Overall crypto market cap at $725 billion. All-Time-High. And up $100 billion from when BTC peaked at 20k.
Overall crypto market cap at $725 billion. All-Time-High. And up $100 billion from when BTC peaked at 20k.
Jump to: