So lets say I put in $100 dollars. I buy while its at a low of $10,400. The price goes up to $10,400 and I sell. Whata my profit?
with the information and explanation above, there is zero profit for you, your capital remain the same, you haven't make a single profit when it move 1$ above $10,400 you can start counting profit.
For exchanges, ICOs that collect KYC information, when are they required to send information to the government.
If I remember correctly, in the US if you make a money transaction, such as through Western Union, or bank, $3,000+, within the same day, or smaller amounts during consecutive days, the institution must collect your ID information and Social Security and report it to the government. I forget which entity of the government.
Does that mean that if one participates in an ICO and puts in over $3,000, that gets reported to the government? Or if you move $3,000 out of an exchange, that gets reported?
crypto space should be decentralized your identity should be anonymous, kyc make the purpose of blockchain technology to be futile if anonymity nature of it is distrusted by kyc.
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BoardOff-topic
Re: Do you have another job besides being a Bounty Hunter?
by
micheal34
on 25/06/2018, 12:27:36 UTC
Yes i have another work aside bounty hunting as far as i am concern bounty is a supplementary to my main daily job, i use most of my day for my daily job and bounty at night before i sleep.
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BoardOff-topic
Re: Backup is important
by
micheal34
on 25/06/2018, 12:25:25 UTC
Yes, i have all my account 2fa activated especially on exchanges where funds are involved, back is so important anything can happen to your email address and when it is hacked most time your fund are not safe without 2fa verification.
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BoardArchival
Re: Do you think the markets will collapse
by
micheal34
on 25/06/2018, 12:18:32 UTC
No, market will nt collapse price to move up is normal price moving down is normal, it is mere market movement many people will decide to sell and leave while some will replace them.
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BoardAltcoin Discussion
Re: Invest wisely
by
micheal34
on 25/06/2018, 12:11:04 UTC
True talk why will anybody just buy coin that has no probability to succeed in the future, any coin you buy have to be a coin with some potential not a shit coin which might become zero value in future.
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BoardSpeculation
Re: Will bull run of BTC start soon?
by
micheal34
on 25/06/2018, 10:56:44 UTC
I think it is high time market dependence on bitcoin should be sifted to another coin bitcoin price has refused to increase, the mentality of bitcoin dependence should be changed.
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BoardAltcoin Discussion
Re: What should I invest?
by
micheal34
on 25/06/2018, 10:52:49 UTC
Eos price is cheap, i will suggest you buy Eos current market is a chance to buy more than ought to be bought when it was high. Amongst the top 20 on coinmarketprice is good investment to put fund.
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BoardAltcoin Discussion
Re: Is the price of ethereum dependent on bitcoin?
by
micheal34
on 25/06/2018, 10:48:27 UTC
I think ethereum price depend on bitcoin price if you observe the market if bitcoin dip ethereum price dip also due to this eth price depend on bitcoin.
FIFA World Cup 2018 is knocking at the door. And it is heard that during this time so many transactions will be made by cryptos. What would be the market condition on that time? What do you think??
FIFA world cup is not mounting any positive effect on market, it has started a week ago, it is still fresh anyway maybe before the event come to conclusion.
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BoardAltcoin Discussion
Re: NEO, buy or not?
by
micheal34
on 22/06/2018, 12:18:12 UTC
NEO can't replace Bitcoin and Ethereum not denying the fact that NEO is good coin but not ready for that mantle to be the coin with the most cap at least not 5years to this time.
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BoardAltcoin Discussion
Re: Nothingness
by
micheal34
on 22/06/2018, 12:02:49 UTC
With 0.02 btc you could double that holding by trading buying beer with that btc Will not increase what you hold at now, it is good to invest more instead of spending it lavishly.
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BoardMining (Altcoins)
Re: Will mining will ever stop ?
by
micheal34
on 22/06/2018, 10:05:13 UTC
No, it will not stop between coin will adopt POS which will aid mining business and even more profitable, it will attract more miners crypto business will boom as a whole.
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BoardAltcoin Discussion
Re: Do you believe in crypto long-term?
by
micheal34
on 22/06/2018, 09:54:36 UTC
In actual fact, i prefer long term to short term gain, there have been time when i was doing short term but had i kept those coins i would have profit more which prompt me to start long term hodl.
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BoardSpeculation (Altcoins)
Re: Big market crash has started!
by
micheal34
on 22/06/2018, 09:51:07 UTC
It is high time you get yourself use to the current market condition, there are bad force against bitcoin pulling the price down at the same time affecting altcoins.
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BoardAltcoin Discussion
Re: Have you been scammed? or almost?
by
micheal34
on 22/06/2018, 08:01:26 UTC
You need to be careful when you choose to join bounty and ico, too many ico doesn't aim to go through any development than scanning noobs that just join the crypto, i am happy for you that you didn't fall for the scam attempt.