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Author Topic: Bitcoin Discussion  (Read 168378 times)

Offline oportunis

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Re: Bitcoin Discussion
« Reply #720 on: May 09, 2020, 10:28:55 AM »
BTC halving coming in few days. Price already showing the potential. It seems BTC is again the best performing asset on the market...

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #721 on: May 10, 2020, 07:26:24 PM »
BTC halving coming in few days. Price already showing the potential. It seems BTC is again the best performing asset on the market...


I am afraid the opposite is happening: The only reason BTC, has held above 6K, is because of May 20th’s "hope"!
Once that takes place, run to cash in or rather stand in line, to cash in at any price!  :'(



Best of luck.

Regards,
Humble Trader
« Last Edit: May 10, 2020, 09:19:46 PM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #722 on: May 14, 2020, 12:20:08 AM »
Sometimes the real market tell opposite with expectation, many traders hope later after halving on this month then price will move to rise further, but if happen is a price drop, maybe many traders will shock and they facing the loss

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #723 on: May 14, 2020, 03:06:05 PM »
The IRS is looking for contractors who will facilitate the taxing of cryptocurrency profits in the United States of America.
The agency is looking for such outside services so that they will calculate peoples profits and losses from digital currency exchange activity.
The IRS so far has contacted two companies one is yet unnamed, the other is called CryptoTrader.Tax, the latter of which has rejected the proposition.
If there's a profit somewhere the IRS won't miss out on taxing it. :D

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #724 on: May 14, 2020, 04:26:57 PM »
The IRS is looking for contractors who will facilitate the taxing of cryptocurrency profits in the United States of America.
The agency is looking for such outside services so that they will calculate peoples profits and losses from digital currency exchange activity.
The IRS so far has contacted two companies one is yet unnamed, the other is called CryptoTrader.Tax, the latter of which has rejected the proposition.
If there's a profit somewhere the IRS won't miss out on taxing it. :D

And with that, the Justice Department will now begin asking, "how was that money earned" or "illegally obtained"? I guess there goes the prefix crypto and there go BTC's and others to boot.


Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline drunkfx

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Re: Bitcoin Discussion
« Reply #725 on: May 15, 2020, 05:05:52 AM »
Guys what's your bitcoin bias for the next week? Second and now successful test of 10K, first one was resistance play, right?

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #726 on: May 20, 2020, 11:58:30 PM »
Not being a BTC or any other crypto enthusiast, I guess I must have missed the party, the "halving" extravaganza that is. I expected the streets to be filled with millionaires, change that, billionaire crypto owners, touting their new riches... where did they go?

Perhaps it's because of the virus? Yet old reliable GOLD, is trudging on-increment, slowly and steadily?  I know, wait until next year, and the year after that, the BTC mantra. I wonder if John McAfee has any "lower" flesh left?

Please Opportunis, enlighten us. ???


Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #727 on: May 24, 2020, 11:57:06 PM »
Halving the cause reward mining reducing by half, if previous reward miner still get 12.5 BTC but now after halving the miner only get 6.25 BTC, the scenario behind halving is increasing value BTC, with the smallest reward will decreasing mining Bitcoin and possible the cause value being higher, if look back on the previous halving, the effect is not instant, but after few years the value indeed arise, this difference with a fiat currency that printed according to the needs, Bitcoin limited 21million block

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #728 on: May 25, 2020, 12:10:07 AM »
Halving the cause reward mining reducing by half, if previous reward miner still get 12.5 BTC but now after halving the miner only get 6.25 BTC, the scenario behind halving is increasing value BTC, with the smallest reward will decreasing mining Bitcoin and possible the cause value being higher, if look back on the previous halving, the effect is not instant, but after few years the value indeed arise, this difference with a fiat currency that printed according to the needs, Bitcoin limited 21million block


Like I said, the mantra is in intact, Wait till next year.. In the mean time, BTC, has dropped since I last posted.

Regards,
Humble Trader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline Eliza Abrams

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Re: Bitcoin Discussion
« Reply #729 on: May 28, 2020, 02:38:06 PM »
The Russian government is about to criminalize crypto transactions throughout its territory. The ban proposal defines crypto as property and prohibits their circulation and issuance on Russian grounds.

The proposes legislation is concerned primarily with the administrative and criminal violation of rules involved in all cryptocurrency transactions.

As soon as this becomes a law, it will inhibit individuals and organisations to operate with any crypto coin, including the processing of payments for any services or goods.

The fines for an individual who organizes any type of crypto circulation or is involved in the issuance of digital currencies ranges from 50k rubles ($700 on average) to 500k rubles ($7 000). For organisations found guilty for these same crimes, the penalty fees are up to 2 million rubles, amounting to approximately $28k.

Furthermore, Russian authorities can also imprison parties for up to 7 years. The time depends on the scale of the illegal operation, but also on the damage this activity has caused to the Russian financial system.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #730 on: May 28, 2020, 04:14:05 PM »
The Russian government is about to criminalize crypto transactions throughout its territory. The ban proposal defines crypto as property and prohibits their circulation and issuance on Russian grounds.

The proposes legislation is concerned primarily with the administrative and criminal violation of rules involved in all cryptocurrency transactions.

As soon as this becomes a law, it will inhibit individuals and organisations to operate with any crypto coin, including the processing of payments for any services or goods.

The fines for an individual who organizes any type of crypto circulation or is involved in the issuance of digital currencies ranges from 50k rubles ($700 on average) to 500k rubles ($7 000). For organisations found guilty for these same crimes, the penalty fees are up to 2 million rubles, amounting to approximately $28k.

Furthermore, Russian authorities can also imprison parties for up to 7 years. The time depends on the scale of the illegal operation, but also on the damage this activity has caused to the Russian financial system.


Another nail in the Crypto world coffin. If this is adopted and other former Soviet countries adopt the same, it will remove a large chunk of Crypto transactions since this is the best way in which shady underworld characters have been able to move huge sums out of these counties.

9,446.90 United States Dollar.

Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #731 on: May 28, 2020, 10:21:59 PM »
I think Bitcoin still will facing many barriers about government regulation, if likely followed by many countries will ban for Bitcoin, it will make the value of Bitcoin may decrease again, but hopefully, it will not happen and concept Bitcoin as digital money anti-inflation can achieved

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #732 on: May 29, 2020, 08:17:00 AM »
I think Bitcoin still will facing many barriers about government regulation, if likely followed by many countries will ban for Bitcoin, it will make the value of Bitcoin may decrease again, but hopefully, it will not happen and concept Bitcoin as digital money anti-inflation can achieved

You must believe that BTC is a religion then? So keep "hoping" and praying, something is bound to happen eventually; it always does. Perhaps, Satoshi Nakamoto, will reveal himself/herself and all the BTC believers can have a crypto revelation.

9,530.29 United States Dollar.

Regards,
HumbleTrader, of this world.

We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

Offline fxopen78

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Re: Bitcoin Discussion
« Reply #733 on: June 01, 2020, 12:15:07 AM »
I think Bitcoin still will facing many barriers about government regulation, if likely followed by many countries will ban for Bitcoin, it will make the value of Bitcoin may decrease again, but hopefully, it will not happen and concept Bitcoin as digital money anti-inflation can achieved

You must believe that BTC is a religion then? So keep "hoping" and praying, something is bound to happen eventually; it always does. Perhaps, Satoshi Nakamoto, will reveal himself/herself and all the BTC believers can have a crypto revelation.

9,530.29 United States Dollar.

Regards,
HumbleTrader, of this world.

Yes, the world always changing, sometimes the old system replaced by new system, if compared with flat money, Bitcoin like as gold, issued only limited, while flat money will be printed if needs create new flat money, it could increase inflation, many benefit to use bitcoin indeed, fast and low cost transfer around the world.

Offline Humble Trader's Fx

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Re: Bitcoin Discussion
« Reply #734 on: June 01, 2020, 03:33:22 PM »
I think Bitcoin still will facing many barriers about government regulation, if likely followed by many countries will ban for Bitcoin, it will make the value of Bitcoin may decrease again, but hopefully, it will not happen and concept Bitcoin as digital money anti-inflation can achieved

You must believe that BTC is a religion then? So keep "hoping" and praying, something is bound to happen eventually; it always does. Perhaps, Satoshi Nakamoto, will reveal himself/herself and all the BTC believers can have a crypto revelation.

9,530.29 United States Dollar.

Regards,
HumbleTrader, of this world.

Yes, the world always changing, sometimes the old system replaced by new system, if compared with flat money, Bitcoin like as gold, issued only limited, while flat money will be printed if needs create new flat money, it could increase inflation, many benefit to use bitcoin indeed, fast and low cost transfer around the world.

I think you need to read back to the discussions made about BTC. you sound like a BTC preacher.

1- BTC is nothing like Gold. Gold is a physical entity that has been used as a value for exchange and trusted the world over. It is "legal" tender and accumulated by all governments (The nations of the world had 34,700 tons of gold reserves,). Although nations have agreed to use fiat currencies via an international agreement, their trust of each other only goes so far. As such, they still keep reserves of gold as final security. Do you think, nations will trust a digital currency that is manufactured by a digital device with no accountability?

2- Take a gold coin to the corner store and they will be more than happy to exchange it for food. Go to the corner store and try to buy bubble gum and they will laugh at you.

3- As far as inflation you mention, have proof of what you claim, or are you just voicing or preaching the hot air that BTC peddlers have marketed to you to get you hooked?

BTC, has zero value except for that gullible enough to have parted with their fiat currencies for a prayer. Amin, BTC preacher.


BTC 9,581.45 United States Dollar.

Regards,
HumbleTrader  8)
« Last Edit: June 01, 2020, 07:15:31 PM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.

 

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