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Showing 20 of 506 results by Maveth13
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Topic
Board Serious discussion
Merits 1 from 1 user
Re: Squeezing the crypto owners for tax
by
Maveth13
on 13/07/2018, 19:27:02 UTC
⭐ Merited by vapourminer (1)
Let's face it, cryptocurrency trading taxes are inevitable. As adoption grows more and more, regulatory measures for taxation will happen, and honestly, so what? I've said this here a few times, you can't expect to make a profit and not pay taxes for it. And it's actually happening in some countries.

Now, lumping traders with money launderers and cyber criminals is a whole different thing. Quoting from the new/article:
Quote
Using military and intelligence tools to combat offshore tax evasion may be overkill, especially when voluntary compliance efforts have proven to be so successful.
Post
Topic
Board Altcoin Discussion
Re: do you think the SEC will approved etf in 10 august .
by
Maveth13
on 13/07/2018, 16:23:17 UTC
do you think the SEC will approved etf in august
Bitcoin futures have been traded successfully for about 7 months now, so I would say there's a good chance it will. Custodial services are also being offered by big companies for institutional investors, so that's a plus.

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and what is the expected price of bitcoin if etf get approved

As much as the idea of regulated ETF for bitcoin still sounds crazy to me, it might actually have a decent effect on the price. ETFs does target high net worth investors, so having them participate(directly or indirectly) in the market would convince others it's safe and would still help adoption.
Post
Topic
Board Altcoin Discussion
Re: Blockain Technology?
by
Maveth13
on 13/07/2018, 14:33:41 UTC
The answers here are sickening, full of nonsense and copy pasted shits from articles.

Anyway, you can start by making your own wallet generator. What programming language do you know exactly? Then look for tutorials for that. Almost everything you need to start developing blockchain based projects are open source, so google away.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Dump problem due to Short orders/bitcoin futures
by
Maveth13
on 13/07/2018, 13:12:36 UTC
People are giving these bitcoin futures too much credit for bitcoin's normal fluctuations. If you look at the volume of these futures, it's only a few millions, CME and CBOE combined. Compare that to the daily volume, which is currently 3.5 billion, those futures won't have much of an effect.
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Topic
Board Press
Re: [2018-07-12] Bitcoin Futures Volume Spike As Cboe Awaits ETF Decision
by
Maveth13
on 13/07/2018, 12:22:55 UTC
The mainstream media made the futures markets look like a monster, and they add fuel to the fire by pointing out that the tulip bulb mania ended when futures were introduced.

That's what the mainstream media does. This also happened when a 'research paper' by John Griffin about market manipulation was published. There were multiple articles reporting that bitcoin's price went down by 5% when the paper was published. Considering that bitcoin is known to have 5% variance, the connection made was stupid.
Post
Topic
Board Bitcoin Discussion
Re: Decentralized Vs Centralized Exchanges
by
Maveth13
on 13/07/2018, 09:53:50 UTC
Both are prone to hacking. You can never really trust be sure of an exchange's security wether it's centralized or decentralized.

There's just not much volume in decentralized exchanges that only small traders use it. It's also not easy to use for average users.
Post
Topic
Board Altcoin Discussion
Re: Can someone Explain Me, What's going on!
by
Maveth13
on 13/07/2018, 07:47:18 UTC
How can hacker hacked my wallet this time where I created totally a new Address.

The first thing that comes into my mind is that your laptop has some malware on it, giving to somebody else some of your data - maybe what you type or the content of your screen.
Another idea would be that the clipboard is intercepted and you've sent to hacker's address believing you are sending to your own address - this can easily be checked.

Both cases we talk about a compromised computer that has to be cleaned.

This is the most possible reasons I can also think of. If you have more than 5k USD before, you should have invested on the security of your coins. You should have bought some hard wallets like ledger or trezor. Security should be the priority of every crypto investors. Maybe your wallet have been hacked. Start moving on and I hope that you've learn something from this experience.

Another possibility is that the MEW website he's using is fake or a phishing site. People should really learn to invest a bit of money and extra time on security. Even a simple method of generating your own wallet offline goes a long way.
Post
Topic
Board Economics
Re: Wall street traders and bankers are bitcoin's enemies.
by
Maveth13
on 12/07/2018, 18:42:22 UTC
As a means of maintaining value, in the present bitcoin has been defeated.  On 12/17/17 btc=$19379 and today 7/11/18 btc=$6345.  A drop of $13034 or $501/week.  I bailed when I looked at the slope and the previous 2 weeks saw 5.05%/week drop.  Right now the the $501/week average amounts to 2.57%/week.  

But compare the price today the price from past years. Even if you take the price exactly 1 year ago, which is not even a good buying point, you still have a gain from $2000 to $6400.

The problem with these kind of analysis is it compares ATH, which was a ridiculous pump, to the current price. While completely disregarding the bigger picture.

Anyone who bought at maybe around $10000 and didn't sell at the peak made a rookie mistake of joining in the hype. The consequence is that they have to wait longer than they would've expected, and that's completely acceptable.
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Topic
Board Altcoin Discussion
Re: Is It a Concern That Hundreds of ICOs launch daily
by
Maveth13
on 12/07/2018, 16:08:49 UTC
It is a problem not only for investors. It's also a problem for the general public that is not well-educated on this ICO trend. The risk comes mostly from scam ICOs, others are from straight up failed projects, and there's such a small percentage of successful and useful projects from all these ICOs now.
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Topic
Board Altcoin Discussion
Re: How useful is bounty programs to the overall success of icos?
by
Maveth13
on 11/07/2018, 16:31:28 UTC
Honestly, an actual marketing team would be much better than bounty campaigns. The ICO would most probably be successful with a marketing team, given that the project is good. The only reason why companies use bounty campaigns is because it would cost almost nothing, if not, actually nothing. Whereas a marketing team would be too.expensive for a small/starting company.
Post
Topic
Board Altcoin Discussion
Re: What is Havven/interview with the CEO, Kain Warwick
by
Maveth13
on 06/07/2018, 19:31:00 UTC
With a lot of issues and rumors Tether or USDT is getting involved in, we really do need decent alternatives. It's good to have more backup stablecoin if ever Tether goes south.
Post
Topic
Board Economics
Re: Can Blockchain help eliminate the basic problems in the world?
by
Maveth13
on 06/07/2018, 18:23:42 UTC
For legal identities, sure. Malta is actually attempting to tie citizens records to the blockchain. It's a huge step and they'll be the first to take it.

But for straight up poverty? That's just ridiculous.
Post
Topic
Board Bitcoin Technical Support
Re: Possibility on deleting old transaction history in the blockchain?
by
Maveth13
on 06/07/2018, 16:32:51 UTC
As you can see in the title, it is possible to delete the old transaction in the blockchain?

Definitely not. That would go against the fundamental properties of blockchain. Transparency is one of the reasons why people trust the system. So, having the ability of easily deleting old transactions would mean it's flawed.
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Topic
Board Beginners & Help
Re: Other uses of blockchain technology?
by
Maveth13
on 06/07/2018, 15:50:48 UTC
Blockchain, putting it simply, is a database. There's already a lot of research developments concerning blockchain out there. To my knowledge, I think the most famous one is applying it to smart grids. And just recently this May, Microsoft and Amazon announces they're adding blockchain to their cloud computing services.

You should follow IEEE Blockchain and also other blockchain conferences if you want to learn more about it.
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Topic
Board Altcoin Discussion
Re: Microsoft Partners With Two Asian Firms on Blockchain Platform for Enterprises
by
Maveth13
on 06/07/2018, 11:08:03 UTC
Microsoft with many of its organs and subsidized companies is actively being involved in crypto development and education.
It's involvement as such would surely boost the adaption and attention of cryptos.

They're not involved in cryptocurrency development rather blockchain technology itself.

The partnership is showing to the world that countiries have beginning to adopt the Blockchain technology. Crypto currency being the inventor of blockchain is expected to boom with this news.

How uninformed could you possibly get? Blockchain existed before cryptocurrencies. How can cryptocurrency work in the first place without its driving technology?
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Topic
Board Bitcoin Discussion
Re: Is Bitcoin Hack Proof or Not?
by
Maveth13
on 05/07/2018, 13:40:49 UTC
Technically, blockchains are not unhackable, but it's extremely hard and expensive to pull off. An example are Sybil attacks, and again, this is highly improbable. Another example is an attack through ISPs, since nodes are relatively centralized.

For the most part, reported hacks happen in exchanges and wallets, not in the blockchain itself.
Post
Topic
Board Speculation
Re: Hayes: A Positive Regulatory Etf Will Push Bitcoin to $50,000 in 2018
by
Maveth13
on 04/07/2018, 21:51:43 UTC
Crypto currency has always been decentralized, this has given the users a leverage on the government. Placing regulation on it will slow down the activity of crypto currency. this will damage the market of crypto currency, decreasing the prices of every crypto currencies. But then again as the transaction of crypto currencies are nit monitored by government illegal activities can take place.
It seems to me that you have not noticed how the entire cryptocurrency market is regulated. The initiative came from the state but the exchanges agreed to take over the traditional functions of banks. Now they require documents for KYC and can freeze any accounts. This is the real regulation. Maybe for this reason bitcoin is losing its popularity?

It's very unlikely that it's because of regulation. I think it's just because there's alot of other coins, meaning more choices, that actually yields more profit. In my opinion, these regulations actually help making people trust cryptocurrencies or trading.
Post
Topic
Board Altcoin Discussion
Re: Is it ok to convert my BTC savings to Tether when the price is high?
by
Maveth13
on 29/06/2018, 19:05:03 UTC
That's basically what most traders are doing. I assume you're do day or short-trading, you should keep that way of you want to use USDT as a pair to BTC. Anything longer is not safe for the reasons repeatedly stated by members above.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin not generally accepted as a medium of payment?
by
Maveth13
on 29/06/2018, 15:58:37 UTC
Sucks to say, but I doubt bitcoin would be used as it is intended. Bitcoin is far behind on transaction speed and fees compared to other cryptocurrencies, and that gets worse easily when the network clogs. And even with other cryptocurrencies, the constant and big changes in price makes it hard for users and markets to use it as regular payment method.
Post
Topic
Board Bitcoin Discussion
Re: Hodlers will not change the world
by
Maveth13
on 29/06/2018, 14:12:43 UTC
Well that is the goal and purpose of cryptocurrencies in general.

But, do you really think bitcoin is ready for that? We already know it's limits and weaknesses. The moment the network clogs, transaction fees skyrocket and speed gets really slow. Add that to a very volatile nature, it's no surprise that users and markets find it hard to use it as a payment system. We know these numbers, and guess what, that's nowhere near the numbers we'll reach if people use it, say, in amazon or even smaller online markets.

The development is just extremely slow. I do like to see cryptocurrencies do what it's meant to do, but I guess we'll still have to wait a couple more years for that.

I disagree with your point of view. You seem to be putting the cart before the horse. Bitcoin is not the only currency which can be used for making payments. If we take litecoin as an example, a coin which is technically just a more advanced version of bitcoin itself, there are no such issues as high transaction fees or slow confirmation times (and it has LN activated for over a year by now). But it is still not used widely. What does it tell us? Basically, that there is no demand for crypto as a means of payment, and this is the real problem.

Also, volatility is not an issue either as there are plenty of ways to make it irrelevant, which is what payment processors and gateways do on a daily basis.

I don't see why volatility is not an issue(though I'm open on being educated), I'm sure you know the pizza story. Even the day to day changes can be scary for a businessman.

In my opinion, for a cryptocurrency to be accepted widely as payment system, it needs to actually compete with existing payment systems, like paypal or visa. Transaction speed of most cryptocurrencies are nowhere near these payment systems. The fastest we have is ripple, but it has such a bad name I doubt people would use it.

Also, the low demand for cryptocurrencies as a payment system is not the problem, it's the effect of these problems.