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Board Service Discussion
Re: Where to buy in-stock Antminer S19 without being scammed?
by
Amnvex
on 21/08/2020, 02:07:25 UTC
Why not check the Bitmain verified distributor list from this link https://shop.bitmain.com/partner/distributor

According to that page, there is one distributor near in your location. Here's the name of the company "3Logic" their official domain is 3logic.ru

Here's the two units that I found on their site below.

Antminer s19 - https://3logic.ru/products/?I=67404
Antminer s19 pro - https://3logic.ru/products/?I=67405

They don't have any price yet but try to ask or email them first about this unit.

Hi, thanks for your reply. Well, I actually checked them out earlier and you read it in Russian, they specifically say that they're not in stock. Their other distributor is in Dubai, but they're not allowed to send anything to Russia because it goes against their agreement with Bitmain as a distributor.

Hi, all. I got a friend I'm trying to help in securing an Antminer S19 95TH/s or the Pro 110TH/s one in the next two weeks so that it arrives no later than the first week of September.

Considering how short the stock is around the world, it seems most have been either on back order, price-inflated, or simply a scam where they run with your crypto (if you pay with BTC for example). I did find a place that's the official distributor of Bitmain's equipment (they have it in stock for $2400), but they won't ship to Russia (where it needs to go), and I don't want to pay double shipping by having it sent to the U.S. first and then to Russia unless it's less than $300 in total (which I doubt). Having it sent to China is a possibility (I can have it re-routed there), but I don't know if that's a practical financial choice, either.

Can anyone suggest what to do? Considering how scammy everything is out there, I'll only accept suggestions from non-new members of this board, please.
Im not really 100% do trust on vendors which are listed on this site but you can actually make your own search https://www.asicminervalue.com/vendors



I took a look at it. All the verified vendors had the prices sky high or sold out. Dang. Thanks for trying, though.
Post
Topic
Board Service Discussion
Topic OP
Where to buy Antminer S19 (or Pro ver.) without being scammed?
by
Amnvex
on 19/08/2020, 14:15:26 UTC
Hi, all. I got a friend I'm trying to help in securing an Antminer S19 95TH/s or the Pro 110TH/s one. Considering how short the stock is around the world, it's been on back order, price-inflated, or simply a scam. I did find a place that's the official distributor of Bitmain's equipment, but they won't ship to Russia (where it needs to go), and I don't want to pay double shipping by having it send to the U.S. first and then to Russia. Can anyone suggest what to do?
Post
Topic
Board Services
Topic OP
Anyone need copywriting/proofreading/editing?
by
Amnvex
on 08/08/2020, 22:53:17 UTC
Hey, all.

I've got a background in ESL teaching and tech (non-programming related). However, I've done a lot of proofreading/editing (what I currently do the most), content writing (what I do sometimes), and marketing (what I do rarely). Moving away from all of this in the end, but until that happens, the skills are still sharp and useful.

I have proof of my work (academic and professional, the stuff I've done for clients). Then perhaps I can help someone? You can contact me via Telegram if so: @Amnvex

Thanks for reading!
Post
Topic
Board Service Announcements (Altcoins)
Topic OP
[ANN] A Truly Profitable Bot & Script: The Lycan Pro (Binance now, others later)
by
Amnvex
on 08/08/2020, 13:19:50 UTC
Hello, all. I've been mostly a lurker, only reading forums rather than posting. But this time I feel that I need to create a post because as a person who has helped multiple people with the accumulation of cryptocurrencies, I'd like to give exposure to a friend's service that hasn't gotten enough attention IMO...a pity because it overshadows pretty much everything out there for how well it works. Anyway, he's been working on this for a long time and it has now finally gone public after months of waiting by a small circle of people who are tired of paying insane amounts of money for subpar performance.

TL;DR: This is a highly profitable, high win rate bot / script created by a programmer/professional trader, and on his behalf I'm able to help him and you with a discount (more on that later). Let's get into the details and the proof.

The Lycan Pro: What is it?

There are two versions of the script and two variations of services being offered.

#1. The Lycan Pro Script.
https://i.imgur.com/a8QdE5K.png
https://i.imgur.com/19oddBs.png

The Lycan Pro Script is designed to be a reversal type of script that when a potential movement or a retracement is detected, a signal is released that a price movement up or down is imminent. (This is your entry/exit position especially if you're scalping on the 1 minute/3 minute/5 minute chart.)

Use of the script: The script is designed as the perfect strategy for a sideways moving market without a solid trend coming in like a sudden crash or a bull run. Such high volatility/sudden market movements disturb the calculations made by it, so you'll have to act accordingly (the script comes with other complementary confirmation scripts for such events). Lastly, the script is non-repainting, ensuring a high level of accuracy.

While there are no holy grail strategies, the Lycan Pro Script boasts a lot of subscribers gaining consistent profit.

#2. Binance Spot & Binance Futures Trading Bots.
https://i.imgur.com/mGSmiOg.png
https://i.imgur.com/cs1NpPt.png
https://i.imgur.com/bydLaHb.png
Mirror Bot
Copy the scalp trades of Alpha werewolf, “Lycanthrope” with proven profitable strategy.

Similar to the script above, this bot is a back-tested version with some modifications to ensure profitability. After its intense back-testing and since its inception a couple of months ago to the public, (as of this post) it has not had a single day of losses.

As I was told, the spot bot is hosted on a VPS (virtual private server) which is set up for you and uses your Binance API keys.

NOTE: As of right now, the futures bot is currently being tested, and for this reason it is not available for subscription. It's expected to be released either somewhere in the next couple of months, August or September.


#3. Lycan Premium Signals.

You get access to various professional signal channels and personalized support. These are some of the best analysts in the cryptocurrency industry who have professional background in trading in stock and FOREX markets. Just how effective their system is can be seen from other users' results:

https://i.imgur.com/FyOLu9a.png
https://i.imgur.com/wBZ4PaA.png
https://i.imgur.com/afeZyoA.jpg

In essence, you get all of this:

https://i.imgur.com/DNSShJi.png
Trading Materials
Trading materials are available to the market such as Algorithmic scripts that will serve as a guide for the subscribers with high win rate.

https://i.imgur.com/QGLSIO0.png
Premium Leverage Calls
Binance/Bitmex/Bybit/Deribit trading signals with chart for validation.

https://i.imgur.com/HTSpzrk.png
Premium Alts / Signal Forecast
All signals disclosed are validated through charts that will guide the subscribers efficiently.

#3. Professional One-On-One Sessions (3X) .

Get mentored by Lycan himself, proven and experienced professional trader on leverage markets such as Bitmex , Bybit and Deribit. But just who is Lycan? He, Fenrir and Gamma started trading and investing on traditional markets through the years from the 2008 financial crisis till now. They are experienced trader in the world of financial market, with 5 years on FOREX exchanges. Later, they switched to cryptocurrency trading in 2015 and are currently focused on trading this market. The trio were private traders mainly hosting trading plans within their closest friends. But as time went by, they have decided to offer different products and services to the public.

http://[img]https://i.imgur.com/MAKHxwE.png[/img]
Online Mentorship
Get mentored by Lycan himself, proven and experienced professional trader on leverage markets such as Bitmex , Bybit and Deribit.

The Lycan Pro: Subscription Pricing

This is the rough breakdown for pricing, but I can get you a better deal / discount if you contact me and I refer you to him. Note that I'm not a reseller, I'm just a referrer of something that outperforms most of what's out there. And I'm someone someone who was and is still being helped by "Fenrir" himself for what he's done for me. Simply add me on Telegram: @Amnvex and I will put you into contact with him.

https://i.imgur.com/eTf1YTX.png

The Lycan Pro: Performance
https://i.imgur.com/gMlKbsJ.jpg
https://i.imgur.com/F8JKeSP.jpg
https://i.imgur.com/oT399WE.jpg
https://i.imgur.com/NEuayfo.jpg
https://i.imgur.com/F8JKeSP.jpg
https://i.imgur.com/5KKlnuU.jpg
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 01/04/2018, 18:28:02 UTC
I am an XSPEC holder.

If the coin is forking, how do I claim my WISP?

When the fork happens, an announcement will follow. There will be a new wallet.

In this case, it seems that XSPEC is going to stay as it is and WISP is the real fork... *sigh*
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 01/04/2018, 03:21:53 UTC
I am running the same wallet as everyone else and I am able to run the wallet continuously without many issues and stake. We are in the process of going over to a Gitian build environment and that should make it easier to create more stable wallets for any platform. This is actually high on the list. It is impossible to troubleshoot every computer as there may be something in the local environment that causes the problem.

Okay, very well. Whatever it takes. I am skeptical, but I'll see how it goes with development. Again, not trying to spread FUD. Just being cautious. I hope you understand. I believe in the tech, though--that's for sure.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 31/03/2018, 17:36:24 UTC
I got something to rant about that WISP will fix:

I had a computer restart recently. Shit exploded on me. I rewound the chain and everything, too. Still wouldn't sync. Now have to wait several hours to resync the whole blockchain. Why? Oh, wait, because XSPEC wasn't really being developed.

I really don't want to spread FUD, but how can I support XSPEC if basic things like this aren't implemented? This was also in the talks to fix this issue of having to delete the blockchain after a forced restart on a system months and months ago, but not implemented. How can something become usable when such a basic feature isn't included? Serious question. Mass adoption for this is never gonna happen if these issues aren't ironed out. The team receives donations, but does it deliver? NOPE! Angry Angry Angry Angry

Very unhappy!! Development, seriously, is at a stand still. Ugh. UGH!!

Here's XSPEC's future:
https://media.giphy.com/media/ijmQ3LZqpdwwo/giphy.gif

We are def going to work through issues and update the code so you can raise an issue at GitHub and be specific about what is actually happening and it will be looked at. I have been running the XSPEC wallet for a long time and never have such issues. If you want to be serious about, raise an issue and describe the problem in some detail.

Is it necessary to raise an issue that was raised many times before?
Here's one example: https://www.reddit.com/r/XSPEC/comments/7o7nkd/wallet_not_syncing/
Here's another: https://www.reddit.com/r/XSPEC/comments/7z8c8d/syncing_issues/
And another: https://www.reddit.com/r/XSPEC/comments/7lo3lz/wallet_doesnt_finish_syncing/
And another: https://www.reddit.com/r/XSPEC/comments/7nrijk/need_some_help_with_the_wallet/

Note the dates.
Note the problem: "Your blockchain data probably got corrupted."
And note the solution: "I was able to solve the issue for now. Navigating to C: USERNAME/appdata/roaming/spectrecoin and deleting everything inside that folder except for your wallet.bat."

That's what I had to do every time that I have a computer shut-down mid-staking.

Have you ever tried running the XSPEC wallet and force-shutting down your computer, simulating sudden power loss? That's how you get the problem to recur. Doesn't anyone care? Or is it all so dead that no one reads XSPEC reddit?

I don't think I am going to complain about it anymore because WISP takes care of this issue, as someone said in discord.

(1)  get a UPS battery backup if you have unreliable power

(2)  backup your microcap blockchains to cloud/disk/folder/USB once in a while

(3)  many coins will corrupt if you kill power during read/writes, it's common

(4)  you have to balance making $0.01/day staking vs your complaints, do the math

(5)  microcap crypto is for experienced hardcore players, not random tourists

Probably 90% of investors that got into XSPEC 1 year ago have made money...
That's a fact the Devs can be proud of, hell yes, even if it's a snail race...
Personally, I've bought XSPEC as low as 0.00000644... and sold as high as 0.00044599 (that's a 70x range)...
Most competent shitcoin traders have dramatically outperformed Bitcoin Hodlers in the last 2 years.

But there's a fix for #3.

I don't get #4 because I am staking. I make around $1 USD a day. I think I'd be rich in some African country. Lul.

I think it's in everyone's interest--especially the dev's--to make everything work for adopt-ability. Otherwise, F the devs and I'll ride this ride like a pony with 0% contributions for as many years as possible and just sell it all in favor of WISP, perhaps, or something else. You don't care about me? Then I don't care about you. Remember: the community is what makes these coins possible. Without it, your coin is worth shit.

Case in point: coin keeps dropping and dropping. As of this writing, it's below 40 cents. It'll keep falling. This rift is turning your coin into dust.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 31/03/2018, 02:31:35 UTC
I got something to rant about that WISP will fix:

I had a computer restart recently. Shit exploded on me. I rewound the chain and everything, too. Still wouldn't sync. Now have to wait several hours to resync the whole blockchain. Why? Oh, wait, because XSPEC wasn't really being developed.

I really don't want to spread FUD, but how can I support XSPEC if basic things like this aren't implemented? This was also in the talks to fix this issue of having to delete the blockchain after a forced restart on a system months and months ago, but not implemented. How can something become usable when such a basic feature isn't included? Serious question. Mass adoption for this is never gonna happen if these issues aren't ironed out. The team receives donations, but does it deliver? NOPE! Angry Angry Angry Angry

Very unhappy!! Development, seriously, is at a stand still. Ugh. UGH!!

Here's XSPEC's future:
https://media.giphy.com/media/ijmQ3LZqpdwwo/giphy.gif

We are def going to work through issues and update the code so you can raise an issue at GitHub and be specific about what is actually happening and it will be looked at. I have been running the XSPEC wallet for a long time and never have such issues. If you want to be serious about, raise an issue and describe the problem in some detail.

Is it necessary to raise an issue that was raised many times before?
Here's one example: https://www.reddit.com/r/XSPEC/comments/7o7nkd/wallet_not_syncing/
Here's another: https://www.reddit.com/r/XSPEC/comments/7z8c8d/syncing_issues/
And another: https://www.reddit.com/r/XSPEC/comments/7lo3lz/wallet_doesnt_finish_syncing/
And another: https://www.reddit.com/r/XSPEC/comments/7nrijk/need_some_help_with_the_wallet/

Note the dates.
Note the problem: "Your blockchain data probably got corrupted."
And note the solution: "I was able to solve the issue for now. Navigating to C: USERNAME/appdata/roaming/spectrecoin and deleting everything inside that folder except for your wallet.bat."

That's what I had to do every time that I have a computer shut-down mid-staking.

Have you ever tried running the XSPEC wallet and force-shutting down your computer, simulating sudden power loss? That's how you get the problem to recur. Doesn't anyone care? Or is it all so dead that no one reads XSPEC reddit?

I don't think I am going to complain about it anymore because WISP takes care of this issue, as someone said in discord.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 30/03/2018, 20:10:26 UTC
I got something to rant about that WISP will fix:

I had a computer restart recently. Shit exploded on me. I rewound the chain and everything, too. Still wouldn't sync. Now have to wait several hours to resync the whole blockchain. Why? Oh, wait, because XSPEC wasn't really being developed.

I really don't want to spread FUD, but how can I support XSPEC if basic things like this aren't implemented? This was also in the talks to fix this issue of having to delete the blockchain after a forced restart on a system months and months ago, but not implemented. How can something become usable when such a basic feature isn't included? Serious question. Mass adoption for this is never gonna happen if these issues aren't ironed out. The team receives donations, but does it deliver? NOPE! Angry Angry Angry Angry

Very unhappy!! Development, seriously, is at a stand still. Ugh. UGH!!

Here's XSPEC's future:
https://media.giphy.com/media/ijmQ3LZqpdwwo/giphy.gif
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 27/03/2018, 02:48:37 UTC
Amnvex: you are forgetting that virtually EVERY coin plummeted to fraction of ATH after christmas-new year bubble burst.

I'm aware of that. I was *only* making a point of where, partially, value for a coin may come from.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 26/03/2018, 17:34:36 UTC
They're going to kill xspec with the launch of wisp, that's what I think.

None of the coins has to die. The foundation is sound. Wisp will take it in a different direction than XSPEC. That's all.  

It should be noted that the only person with any technical ability associated with this team has left to create wisp. So till a new dev i acquired, this coin currently has no developer.

And yet we want an increase in contributions. Sounds like the ship is sinking :\

Tell me that I'm wrong? No FUD meant. Honest question. This whole fork could have been avoided. There's definitely a leadership problem.

On a side note: remember which one is the fork--the new XSPEC, not the current continuation of XSPEC that gets renamed to WISP.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 26/03/2018, 17:19:01 UTC
Amnvex : It's 5% from the 5% of regular stake you are getting when you have staking enabled. So in result it is 0.25%
That's still a lot. What about the 9 million being staked? That 5% ends up being 180k. You think that's a little? The fact that you can't decide how much you want to donate makes this coin go against what it originally stood for. What's the difference between that and premine?
How did you end up with 180k (for what period)?

Not saying I'm eager fan of mandatory donations, but I understand they need fund just now and I hope (maybe foolishly) that after hard times pass it will be changed back.
I personally set staking donation to 50% because I'm not interested so much in 5% but in XSPEC success. If you like to have 5%, then invest in dividend stocks.
I agree that Mandica should have added promise of reverting it in the future and I was also expecting some really promising news not only this one as most important thing of entire update message. Nevertheless we all want Spectrecoint to succeed, aren't we?
I was not afraid about XSPEC before, despite all those troubles, but now I'm beginning to worry about it. Let's try to find compromises instead of fighting. It includes everybody, even Mandica and jbg.

Hmm, I think I used a lower number than 9 million (it was more like 3.6m, because I misread my numbers based on what I had in my own wallet and then multiplied that number by a few thousand, lol--silly mistake).

I guess what I'm saying is that I don't like forced contribution, period. If this coin were worth more, I'd consider contributing more. But since it is not worth much, I'm contributing less. It's the ethics of it. I respect the developer, but if it's open source, then anyone should be able to work on it and make the project move forward regardless if the lead dev is around or not. This coin has more or less been dead, though. I believe in the underlying tech, however, that's why I stake and that's why I chose to invest.

At the end of the day, my only argument is forced contribution. Regardless of where XSPEC goes, that and how the top is being run are my only two complaints. BTW, if the dev really wanted to get the coin listed, we all could have agreed to put our contributions to 50% or so to the project for a few weeks so that it can happen. But there isn't much community engagement, and the fact that no one is warding off "scam coin" posts just says how little attention is being given to the project. And remember: the more a project is worked on--generally--and the more people want to be part of something like this, the higher the price. The fact that the coin languished from $5-6 to a paltry 50c says that people aren't putting their trust into it anymore. That's obviously very, very bad for the project.

For a legitimate project, there should be no FUD. Trust is built on productivity, not on forced contributions. Think about it alternatively: I ask you to pay me for me to deliver something. You don't know me, you don't know about what I can and cannot do. I don't think many would take such a leap of faith. I'm also risk-averse, in general. That's, again, not to say that this is not a legitimate project. It's the execution, though, that is to be questioned here. Execution...
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 26/03/2018, 04:54:26 UTC
Amnvex : It's 5% from the 5% of regular stake you are getting when you have staking enabled. So in result it is 0.25%

That's still a lot. What about the 9 million being staked? That 5% ends up being 180k. You think that's a little? The fact that you can't decide how much you want to donate makes this coin go against what it originally stood for. What's the difference between that and premine?
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 26/03/2018, 04:00:57 UTC
@Amnvex, I think you're confusing people from outside, who can enter now.
Staking's change of interest is different from what you say.
Before, it was 5% voluntary.
Now it's 5% voluntary + 0.25% to guarantee paying developers.
You have practically the same as before, the difference is insignificant.
If you did not donate anything before,
then 0% voluntary. (development without guarantees)
Now 0.25% is fair: everyone pays, (development guaranteed).
With the new wallet you continue to earn 5% for doing Staking.




Is that so? That's not what I read. From what I understand, this is the result:

https://image.ibb.co/jnMkUn/Locked.png

I started out at 5%. I decided to change it to a lower number... now I won't be able to if the fork doesn't happen.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
Amnvex
on 25/03/2018, 21:15:06 UTC
this is not FUD. FUD is a hard fork!

Mandica never wanted this, it is JBG's decision.
You can say this directly to JBG in Discord.
SpectreCoin, remains the same as before, this is Mandica's thread.
Jbg has to make a new thread for his new chain.

Mandica never wanted this? Then why the hell does Mandica force us to choose a donation of 5%? I have mine set below 5% (something in the middle, rather). XSPEC is currently not very valuable, but it has value. It's tough to devote yourself to full development, but that means you don't have enough people who are doing the developing. It's also hard to make this a full time job. It should really be a resource allocation and it should be based on contributions to developers as they use some of their free time outside of their regular jobs. Alternatively, look at it this way: what if MONERO forced their miners to contribute to a development fund @5%? They'd all run. Tell me that's not true?

In any case, this fork could have been avoided. Freedom and privacy is the goal of this fork, and while I do support a development fund (there's a reason I choose to donate a part of my staking reward to the developers), I don't agree with a forced fund. That does, indeed, force centralization. No, thanks. For that reason, glad the fork is coming. I will up my staking contribution by a percent or so when the fork happens.
Post
Topic
Board Tokens (Altcoins)
Re: [SwftCoin][Pre-ICO][Airdrop] Cross-Blockchain Solution is here ! SwftCoin
by
Amnvex
on 25/01/2018, 22:49:44 UTC

TAKE NOTE - 10 BILLION COINS

Do a sort by number of coins and count --  you will find that of the 98 coins currently with over 1 billion in circulation, only 9 trade at over 10 cents, only 6 at over 50 cents, and only 3 at over 1 dollar.

Swift trades at 4 cents right now - Statistically you have 9% chance this coin trades and holds over a dime at any time in the near term.

1 billion Tokens is my limit - best price support occurs with coins at 600 mil or less.

There are better investments.  Take a look at Bitcore - 5-7% weekly staking through April.  That's just one of many places I rather put money.

That's utterly false. I count at least 14 or 15 coins that have over 1 billion coin supply and trade over $0.10. Also, market cap isn't the "end-all-be-all" of crypto. Most people don't "just invest" into SWFTCoin. SWFTC is designed with utility in mind.

Sounds like self-promotion or something. Anything that allows staking for such high returns is probably not that great. There are too many copy-cats out there who are all trying to be "bitcoin 2.0" ... BUT, I will say that I did look into "Bitcoin Core" (Bitcore) and I think that's a wonderful project that I diverted some funds to (but not out of SWFTC--these are separate).
Post
Topic
Board Legal
Re: US/Euro accountants to minimize bitcoin tax?
by
Amnvex
on 11/01/2018, 04:20:57 UTC
You're welcome.

Make sure to get some professional advice as well (or at least to do some further research), as I can only speak as someone living in the EU and not as an expert.

Also I wouldn't be surprised if we see changes regarding Bitcoin taxation in the next 2-3 years. It's still a fairly new matter and classifications may change, so keep an eye out for that.

Yeah, I will have to. Maybe when I move out of the country I'll go seek info from professionals--now is too early. The US is incredibly slow at figuring things out and issuing information--I have no faith in the system.


www.sweeneyconrad.com

www.linkedin.com/in/thomasjonestaxman

Citizenship planning is probably better suited for an expat attorney, but taxes certainly is our specialty.

I see. Question, then: does this mean I should look for an expat attorney when it comes to filing the renunciation taxes, too, or can that be done with your firm? Is that even necessary to do in general? What is the IRS going to do if you don't? They don't even have the man-power to come after people, and if you change your nationality with a modification to your name, how are they going to find out? Also, what if you renounce and don't make them aware of your cryptocurrency holdings? Not like they can figure out which wallet is yours if you don't willingly come forward, eh?
Post
Topic
Board Tokens (Altcoins)
Re: [SwftCoin][Pre-ICO][Airdrop] Cross-Blockchain Solution is here ! SwftCoin
by
Amnvex
on 11/01/2018, 03:18:18 UTC
Total Supply 10 billion

Quote form the first page

Total supply of this coin ?
           
We use POS, and the total amount of SwftCoin is 10 billion.

So 10 billion coins, with current trade price of ~US$0.08 = 800,000,000 current market cap? Good luck with that.

I agree... Good luck with that.. who is the composition of the team. I can't stand when they don't have the team publicly available.. "Silicon Valley"? lol

Did you actually visit the site? Their names are listed and explains what experience they've got if I remember correctly. Also, 50 mil in trading volume in China alone should speak loads.
Post
Topic
Board Legal
Re: US/Euro accountants to minimize bitcoin tax?
by
Amnvex
on 10/01/2018, 19:03:20 UTC
1) Taxes on Bitcoin sales do not get automatically deducted in any European country, you will have to file tax reports yourself.

So the banks don't rat you out as the U.S. banks do?

What I mean is that I'm not aware of any broker that offers automatic taxation on Bitcoin trades (brokers and banks usually automatically deduct capital gains tax in case of funds and bonds for example).

This means you'll have to manually file tax reports (or have a tax advisor help you) and then pay taxes according to whatever tax rate applies to you.

Whether banks will report "shady" incoming transactions from crypto-exchanges or take action on it will depend on the bank. Usually has nothing to do with taxation though, rather with worries about money laundering and such.


2) Taxes vary wildly between EU member states. Not just in regards to crypto. Be aware that the tax-free-after-1-year-of-holding rule only applies to a handful of countries (eg. Germany, Austria,... not sure where else). Selling before the 1 year holding is usually taxable as income tax (which also varies wildly between member states), selling after the holding period is usually taxable as capital gains tax (or not at all, if you're lucky). Either way, look closely into how each country handles taxation.

Yes, I know. Assuming it's one of the countries that do that, how would reporting work? I don't think you'd have to report then, right? Why do you say "if you're lucky?"

With "lucky" i mean if you're lucky to be tax resident of one of the countries that don't tax Bitcoin gains after the 1 year holding period Smiley

If you're a tax resident of Germany or Austria and are not required to pay taxes due to the 1 year holding period... you're also not required to report anything. It supposedly may prevent you some paperwork a couple years down, but in principle you're not obliged to report those gains.

If you have to pay income tax because you sold prior to the 1 year holding period, you need to fill out the respective income tax forms and the ministry of finance will tell you how much tax you owe. Of course you could just... not report it... but then if they find out you'll be on the hook for tax evasion.

I can only talk about Austria and Germany though, as I'm a tax resident of the former and have some connections to the latter. Other European countries may handle this differently.


3) In which country you bought the Bitcoin originally doesn't matter. You should be able to prove holding time though. Arguably referring to the blockchain may suffice, but as far as I know there has been no precedence on how to report holding time correctly so far -- and you can also expect that what counts as proof for holding time will vary wildly between EU member states.

Well, has anyone reported time so far? Has it worked? What's the point of guidance on these things if a tax payer can't report it properly or it won't get accepted?

¯\_(ツ)_/¯

I'm afraid we're on uncharted territory, my friend.


4) You pay tax in the country you reside in, assuming you have already taken full residency and have become a tax resident. At which point you become a tax resident depends on the country you move to and likely also where you are originally emigrating from (ie. immigrants from non-EU member states have to follow different rules than immigrants from EU member states. I wouldn't be surprised if there's a set of rules specifically for immigrants from the US). Prepare for paperwork as you likely won't become a tax resident automatically, but also will need to become a tax resident at one point to be allowed to legally stay there for a prolonged period of time -- assuming you don't have citizenship already.

That sounds insanely complicated... I have no idea how to go about this.

It's simple in that the basic principle is that you have to pay taxes in the country that you live in. It's complicated in that each European country handles immigration differently. If you pick one country and really look into it, the process should be rather straightforward.

Wow, super useful. Ok. Then I guess when I follow my friend's path of handing in my passport, it'll be over 1 year of holding and then I can't legally be a resident of the previous country, so... I'll end up withdrawing in a country that has the past-1-year-holding policy. Thanks for the info! Really appreciated.
Post
Topic
Board Tokens (Altcoins)
Re: [SwftCoin][Pre-ICO][Airdrop] Cross-Blockchain Solution is here ! SwftCoin
by
Amnvex
on 10/01/2018, 17:45:02 UTC
Uhm... well, let's see... I got in @ 50 satoshis, sooooo... also, SWFTC has a real utility to it, not just some sh!t coin (there's a coin called that, btw) where people speculate for who knows reason. Furthermore the more people use SWFTC platform to trade, the more they buy it, which increases its price and also decreases the trading fee proportionally (you wouldn't be charging 800 SWFTC for 1 BTC to 1 ETH trade if 800 SWFTC suddenly goes up 5x in value).

And ADA, TRX, and XVG aren't overvalued. Have you read their whitepapers? If any of them are overvalued, that'd be XVG which has whales who are sitting on millions of coins. I have no idea how you came to that conclusion about TRX or ADA, though. None whatsoever. I imagine you're sitting on crypto millions, right, and you understand the markets that well?

Oh, and don't forget something else: Cardano's rise to its current price was a LOT faster and was pumped a LOT more than SWFTC. Go look at charts and see what I'm talking about.

Relax friend. I hope I'm wrong and that you laugh all the way to the bank. No need for mudslinging; I've made some good money over the last few years and I'm sure you have as well. I'm just dubious of SWFT's current evaluation given their current state of affairs. Surely if SWFT is as good a product as you seem to believe, it can withstand a little skepticism? Instead of getting so defensive all the time, why not tell me why you believe so strongly in SWFT's future, beyond the money you've already made on it?

Haha. Maybe I am overly-zealous, but I do have reasons for this. Sorry for coming off too strongly... I think this is because everyone (IRL) keeps saying how much bitcoin sucks and how all cryptos are gonna crash unless you get out early and cash out. But what if you're a believer in cryptos replacing fiat? It's exactly what Tim Draper said. I'm just tired of people shutting cryptos down without understanding them. I had an argument with a person who kept telling me how IRS is gonna perform block-chain analysis and force everyone to pay taxes, even on alt-coin holdings. HA! Yeah, sure! What an imbecile.

Anyway, a bubble is only a bubble in hindsight--or everyone would know it was a bubble and see it crash and not put any funds into it. Bubbles are ONLY identified when they pop, not before.

My logic for SWFTC is this: there are many traders, and many do arbitrage, and many move from coin to coin either for purchasing reasons or for diversifying or whatever. What makes SWFTC valuable is that it not only makes it easier to transfer between currencies but it's cheaper to buy/sell in mass quantities and it's like a western union for cryptos. Can't go wrong with that. You can even use SWFTC to pay others. Tell me that's not great?? The Chinese market, especially, is extremely large and I doubt regulations are going to stop it when their SWFTC volume is dozens of millions a day.

I want to see more coins and development and updates. I hope that'll come. I actually expect it almost because the team that works on this coin is full of experts.

Hope that explains how and what I think of the coin.