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Re: [ANN] [PRESALE] 🔥💲💰 [ICO FUND] Realbit.Capital ICO Fund I - No Annual Fees
I understand correctly that you offer a service of trust management of the capital of crypto-investors? you do it for a fee, what's its size? How will you charge and how to make this process transparent? I can't see your website, what's the problem?
Hi CryptoCot, thanks for your questions. We are raising capital for a fund that will invest in ICO and recent ICO tokens. Yes, part of that is we will be the custodian of the assets held within the fund, whether that is un-invested funds or ICO tokens.
Fees: We assess entry & exit fees in order to cover our administrative expenses but there are no other annual fees. Realbit.Capital only earns money when it has produced a profit for its investors.
Our website was down briefly for changes but should be operational. Try www.realbitcapital.com or www.realbit.capital.
Re: China Threatens Overseas Tax Havens, Will Investors Flock to Crypto?
It seems that the Chinese policy strictly prohibits the use of wealth outside of China, indicating that the Chinese government is aggressively improving the economy and corruption in China. especially with the existence of crypto, the rich dichina could accumulate his wealth in crypto .
I think the government thought about everything thats why they moved ahead to ban cryptos in China in the first place but I fail to see how they are going to threaten the TAX havens.Agreed. They see the ability of the US/IRS to tax their citizens' assets/income globally due to the dollar-based intl banking system and want the same power. Chinese law already states that they can tax assets/income globally but they have no way to enforce it, especially in tax havens. I imagine their only recourse is some sort of extra-legal method where they *somehow* identify foreign assets and use domestic pressure (on the targets' domestic business, assets, etc) to get targets to pay up. That seems like a lot of work and probably only realistic for the top offenders. Still, I wouldn't want to be on the top of that list.
China govt/private entities have a strong interest in blockchain technology and its development is encouraged. Cryptocurrencies are directly banned, as are all exchanges. Among the reasons for the ban include way way too many scam ICOs, no regulatory framework, maintaining control over cross-border currency movements.
I don't know if CCs will be "unbanned" in the future but you can guess that there is some sort of regulatory framework being built behind the scenes to better formalize the industry. The P2P industry experience has also not been a great precursor for crypto and likely makes everyone act even more conservatively towards crypto.
I don't know if CCs will be "unbanned" in the future but you can guess that there is some sort of regulatory framework being built behind the scenes to better formalize the industry. The P2P industry experience has also not been a great precursor for crypto and likely makes everyone act even more conservatively towards crypto.
Hello Everyone,
A few months ago, I appointed a company in another country to manage my investments in currency and commodities. However, whenever I want to withdraw earnings from the investment account, they prefer to pay with Bitcoin which I have never used before.
I don't mind keeping some of the Bitcoin as an investment (in the wallet?), but mostly I need to convert the Bitcoin to EUR or USD as quickly and cheaply as possible.
I assume I'll need a wallet and was looking at Electrum (because I like to work from my desktop), but I'm not sure if I can sell/exchange it from there into regular currency. Actually, I'm not even sure how to get it from the trader to my wallet for that matter. (I'm sure it will be easy after the first time.)
Maybe something like BitJar would be better because I've read they allow selling to regular currency directly.
Any suggestions to help me get started would be greatly appreciated.
Thanks,
Rex717
A few months ago, I appointed a company in another country to manage my investments in currency and commodities. However, whenever I want to withdraw earnings from the investment account, they prefer to pay with Bitcoin which I have never used before.
I don't mind keeping some of the Bitcoin as an investment (in the wallet?), but mostly I need to convert the Bitcoin to EUR or USD as quickly and cheaply as possible.
I assume I'll need a wallet and was looking at Electrum (because I like to work from my desktop), but I'm not sure if I can sell/exchange it from there into regular currency. Actually, I'm not even sure how to get it from the trader to my wallet for that matter. (I'm sure it will be easy after the first time.)
Maybe something like BitJar would be better because I've read they allow selling to regular currency directly.
Any suggestions to help me get started would be greatly appreciated.
Thanks,
Rex717
The other answers are useful if you go along with their proposal but my main concern would be, what kind of broker/asset manager would operate their business this way? It sounds suspicious, not to even mention the potential tax implications (tax on assets sold to buy bitcoin, tax on your sale of BTC to fiat). Yes, BTC definitely easier to send than fiat cross-border but doing a wire transfer should be Standard Operating Procedure for their accounts.
Finally, this may cause future trouble for you if you have to prove the source of your fiat assets.
Re: Do you think their will be another Bull Run this year? I D0 NOT THINK SO!
Read before posting Negative feedbacl:
I do not intend to create a FUD, nor I want to speculate. This is my logical analysis and you are welcome to question it.
The last surge in December 2017 was when mainstream media started covering Bitcoin and a "lot" of new investors/traders/oppertunist started talking about and started looking into it
October 2018 ICOs have failed, most of the ALTs are below their ICO price. That means, Now there are less Fool and people have started understanding the concept. no more Sheeps to slaughter ... Much harder to manipulate price (or atleast people are aware of it.
So, Where will the bull run come from?
As an example, Think like --- Lots of people were hodling when Bitcoin touched 20K.... But now repent doing so... 100% if Bitcoin price surges to even 9000$, they will dump knowing there will be again a correction.
This is what I analysed logically. I may be wrong. I hope I am wrong.
I do not intend to create a FUD, nor I want to speculate. This is my logical analysis and you are welcome to question it.
The last surge in December 2017 was when mainstream media started covering Bitcoin and a "lot" of new investors/traders/oppertunist started talking about and started looking into it
October 2018 ICOs have failed, most of the ALTs are below their ICO price. That means, Now there are less Fool and people have started understanding the concept. no more Sheeps to slaughter ... Much harder to manipulate price (or atleast people are aware of it.
So, Where will the bull run come from?
As an example, Think like --- Lots of people were hodling when Bitcoin touched 20K.... But now repent doing so... 100% if Bitcoin price surges to even 9000$, they will dump knowing there will be again a correction.
This is what I analysed logically. I may be wrong. I hope I am wrong.
The "easy" gains are gone, definitely. You might still be able to find them in altcoins but you'll have a lot of losers for each 1000x winner.
There will be another bull market but will be driven by usage and engagement by users which requires not just infrastructure for blockchain to build out and mature but to have killer apps that operate on them. Will there be an ETF bump? Yes, but I'm not sure how sustainable that bump will be. I think best to use the old saying, "Buy the rumor, sell the news." So build a position now and see how it does when a real ETF actually gets approved (at least 2019 if not later).
I recommend the Princeton Blockchain & Bitcoin free course at coursera. Its nothing exceptionally amazing in presentation, but covers all the main topics in a mostly accessible way. Best to have a bit of tech/coding literacy but you'll only lose a little bit of the details without.
We don't! But, we don't really have any good ones yet. And even if they are good it takes time for them to prove their functionality and ability to resist market stresses. You can't do that with just a whitepaper or even a few months of market testing. USDT is just an example of a shitty stablecoin that is successful because it was early. I cheer for all the better stablecoins to replace USDT and their shady operations.
I like this site and I use it very often. It seems to me that it is not necessary to inflate the situation. Everything is much easier and if you constantly try to find a catch, you will not trust anything. ICObench is a great and useful site, so do not talk about it in this way
I don't think "Trust but Verify" is strong enough for crypto. You have to assume everything, no matter how legitimate looking, is a scam and has to be proven otherwise, which isn't easy. Too much easy money for scammers, so they are constantly coming up with clever ways to get take your assets.
Re: How will the SEC affect the market after on September 30?
I believe there will be a rejection of ETFs again because people are not yet ready for such a turn of events. it would be too good for the market
well, we can only be prepared with the worst possibility. hoping that even with the SEC, there are not so many crypto users expecting it. but still we look forward to the best decision this year. well, hopefully the price will be higher.The SEC will get there eventually. They can't stop an ETF from happening forever.
That said, I'm not convinced SEC approval of an ETF is the windfall people all expect. There will be a big jump initially but until the ETF starts to genuinely amass significant assets, there won't be any LT affect on the market. More important is adoption and usage by the wider masses, not a single investment vehicle being approved.
Re: Crypto mining giant Bitmain reveals heady growth as it files for IPO
The whole document is pretty interesting. One quirk is that they are perpetually cash flow from operations negative since any crypto income ends up in the cash flow from investing section instead. Which makes me wonder how will accounting for crypto evolve over time as it becomes a bigger and bigger part of listed companies' operations.
Doing an IPO shoves off some of the risk of the venture and allows owners to diversify their assets. For a team in China, this is probably very attractive as they can have their company/assets/etc seized at any time for no reason.
Doing an IPO shoves off some of the risk of the venture and allows owners to diversify their assets. For a team in China, this is probably very attractive as they can have their company/assets/etc seized at any time for no reason.
I am presenting a speculative idea and a conspiracy theory and here it is: China is planning to kill the whole of the cryptocurrency market starting with the biggest of them all Bitcoin and all the rest will follow. In fact, there is a detailed plan being worked out on here and it started with the banning of all ICO projects...next is the ban of all Bitcoin exchanges and soon all citizens of China having Bitcoin will be imprisoned for 20 years (only 5 years if the person will surrender his Bitcoin to the government for possible burning).
Do you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?
Please tell me what you think...and let's have some fun!
Do you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?
Please tell me what you think...and let's have some fun!
Another speculative idea:
China is the second largest USD holder at the moment. If China wants to attack USD economically, they will sell their USD and never use it again.
We can see an announcement like this in the near future from the Chinese government: "instead of USD China is going to use BTC for international business".
China can't really sell its USD without causing major global problems, if they sell USD for RMB, their currency massively appreciates, not what an exporter wants, and also drives domestic inflation due to newly circulating (unsterilized) RMB flows.
China can't just switch to BTC since most intl traded commodities are done in USD. Would they LOVE to change that to IMF's SDR or RMB, yes yes and more yes but having a non-convertible currency also means a very slim chance of real international usage.
There don't seem to be many reasons for the bear market to end. We can all hope the market recovers but there will have to be some systematic drivers before that happens (consumer, regulatory, business etc). A small trickle of hodlers not going to make a huge difference in current price levels. I don't see anything happening until late 2019 but I'm also not a fortune teller, so many variables at work.
You can, but free electricity provider will likely frown on a crypto mining operation. Those units will probably attract attention. But if you're not worried about that then go for it but remember to use proper security procedures.
People are loss-adverse, they will go to great lengths to avoid perceived losses. When losses are already realized, they blame bad luck and so they're only real option is to moan and complain, rather than try and figure out where in their strategy they went wrong (likely, it was not having a strategy at all). However, when they win, they attribute the gains to their own massive intellect and are thus an investing genius.
Bitcoin should be managed more strictly. There are many bad actions such as arms race, money laundering, terrorism when taking advantage of Bitcoin in such illegal activities. I think we need a law or regulation to control the cryptocurrency market.
And so does the US Dollar, EUR, Yen, CNY, etc. Why aren't they managed more strictly?
Bitcoin was built to NOT be regulated. If you want more regulation in your financial life just own fiat.
Re: Swiss online bank has benefited greatly from the addition of cryptocurrency...
Not sure how great this really is, depends on your philosophical perspective of what crypto has the potential for. For mainstream views, more banks getting involved is great, makes the whole asset class more accessible for regular people. However, part of the point of bitcoin was to replace traditional fractional reserve banking, especially the hyper version we have today. Banks, if crypto gets big and profitable enough, will naturally seek to co-opt the system for their own benefit.
Bitcoin will be the gold of crypto, in that it will always be there, more stable than its cyrpto counterparts and occasionally outperform them when things turn dark. ETH may have its day in the sun in the future, but nothing says that others won't take its place.