As time passes, more and more countries try to phase out cash by passing laws. In the absence of cash, a government could, at any time, seize someone’s whole property if he is considered to be annoying to the system.Lacking cash’s anonymity, the government, or anyone else, could gain access to personal information. Such knowledge is power in today’s digital life. Someone could know what we eat, where, and how long we stay there, or worse, they could know our sexual preferences. The above dangers are well known to the internet world. Coinidol.com has reached out to 7 experts with different views, to enlighten us on one simple question: “Where do you think the restriction of cash transactions, as is happening in Greece, Venezuela, India etc., will lead us?”
You can read the full article and take part in the discussion here: https://coinidol.com/world-economy-with-bitcoin-truth-or-myth-part-1/
Today, the 24th of January, at 12:00 Beijing time, all major Chinese exchanges have started charging 0,2% trading fee.
As a result, most of the volume from OkCoin has disappeared. A similar scenario can be seen on Huobi exchange.
On the one hand, many bitcoiners are content that the “fake” volume is gone; traders can no longer sell or buy to themselves without getting charged, which means that it is a lot more expensive to try to manipulate the markets. On the other, less volatility could mean less interest from traders.
I believe China will continue to dominate the market, since they have most of the mining farms and even though the volume will fall, it will still represent the largest portion of bitcoin daily trading.
p.s: I created this post using #busy and I must say I am impressed by their editor and the overall look of the website.
Witness Proposal & Information
My collective works proves this beyond a reasonable doubt.
This writing exists because of a false narrative that is being perpetuated by the media. It also exists because a lot of people are quoting bitcoin's whitepaper under the pretext that it is “scientific” to do so. It's not that citing a paper is not “scientific” but rather the way a certain faction is doing so, is not.
If you are familiar with bitcoin, but regardless of your political stance on the block size debate, you already know exactly what I am referring too.
Ignorant players are quoting the whitepaper's title and the abstract as scientifically based “evidence” that Satoshi's vision for bitcoin was that it should be a coffee money (cheap to use and ultra-fast etc.).
This is your first clue that you are talking to someone that doesn't have any idea what science is and what a whitepaper is meant to be, and not meant to be.
To make this point, we need to understand the REAL reason Satoshi remains anonymous.
Something few people seem to understand is that bitcoin is an experiment. The only difference is that for the experiment to be legit (ie useful) it needed to be carried out in the real world. To this, COULD be said the experiment cannot be duplicated (except another planet etc!). Alt-coins are not duplicate experiments of bitcoin; nor would a second bitcoin be.
The experiment is proposed anonymously because the proposers are clearly scientists.
They did everything right, because that is the way you do it.
Regardless of the false narratives perpetuated by players such as Ver and Andreas A., bitcoin's whitepaper is PURPOSEFULLY free from political spin.
That is not to say “Satoshi” didn't have a political bias, RATHER, it is saying something about the whitepaper...
It's PURPOSEFULLY free of political bias.
Those that quote it to win a political argument, simply don't understand what they are reading.
Those same people might not understand the point I just made in this article.
A new attempt by the Internal Revenue Service to collect data on a large group of bitcoin users — customers of Coinbase, the most popular cryptocurrency exchange in the United States — threatens that privacy, but the players involved aren’t giving up without a fight.
In November, the IRS, with approval from a federal court, served a subpoena to Coinbase, requesting information on its users from January 1, 2013 to December 31, 2015. The purported reason? To catch individuals using cryptocurrency to evade taxes.
Comparing the amount of information requested in the case to that required for a criminal proceeding, he says, “They want every scrap of email. Every scrap of transaction history. They want to know the devices that accessed your account and how. They want the password that access your account and, as I read it, access to the virtual currency. I don’t know how many people understand that. Once you have private keys, it’s the password that controls your virtual currency, [the money] can be sent out anywhere and never recovered again.”
Taxing the Blockchain
The IRS was actually one of the earliest agencies to consider cryptocurrency policy, perhaps for obvious reasons. In March of 2014, the agency issued anIRS Virtual Currency Guidancedetailing the tax requirements for cryptocurrencies.
The IRS decided to treat cryptocurrencies as a kind of property, which meant that they enjoyed a lower capital gains tax rate than if they were taxed as a currency. But it also meant that cryptocurrency users would need to keep track of any price movements in between transactions for tax purposes. And what's worse, there would be node minimistax exemption for very small transactions. So the woman buying her daily cup of coffee with cryptocurrency would have to track price fluctuations as meticulously as the professional financial trader.
https://www.irs.gov/irb/2014-16_IRB/ar12.html IRS Virtual Currency Guidance
Response of Coinbase to the IRS
A few years ago, many people where convinced that Bitcoin would dissappear quickly and would not even be worthy to be mentioned in the history books. And even today, 8 years after Bitcoin was unleashed onto the world, many people still expect Bitcoin to die sooner or later. I don't blame them. Most people are very sensitive to what the media tell us. The media repeatedly predicted the dead of Bitcoin in the past eight years and together with banks and governments they proclaimed that Bitcoin could and should not be trusted. When Bitcoin exchange Mt. Gox collapsed in 2014 I heard people say:
Bitcoin is dead and Bitcoin's CEO is arrested.
But of course Bitcoin still exists and we started this year, 2017, with a price of over $1,000. How can a 100% digital currency that is not backed by any government or bank be worth so much?
Since late 2015, media and banks began to shift their focus from Bitcoin to the blockchain. They wrote less about Bitcoin, but began to praise the blockchain, the underlying technology behind Bitcoin. Each Bitcoin transaction must be stored somewhere to prevent someone to spend his money several times. For this, among other things, the blockchain is used. A decentralised and open ledger that records transactions between two parties efficiently and in a verifiable and permanent way. The network runs on the basis of rules proposed by a lot of experts and then may or may not be accepted by the market, such as the Internet also came into being.
According to the media and the banks back then not Bitcoin, but the blockchain was the real innovation that would change the way we pay drastically. Almost all major banks began to experiment with blockchain technology. Should we forget about Bitcoin and focus on the blockchain only?
Each day, about 250,000 Bitcoin transactions are currently being processed by the Bitcoin network with a total daily value of about $200,000,000 US Dollar. And this is still increasing. This is a huge amount of money! If people wouldn't trust the Bitcoin blockchain, such an amount of money would never be transferred by the network. I'm not saying Bitcoin is perfect. It has a lot of challenges ahead, but it's safe to say Bitcoin will never just disappear.
There were many reasons why the price of Bitcoin surged last year and many experts did extensive analyzes and wrote about it. Here are 4 reasons that have contributed to the price surge the most in my opinion:
Governments and central banks all over the world are printing money and global debts keep on rising. Each new citizen that is born in the United Stated starts with a debt of $42,500 dollar. An increasing number of countries have a public debt greater than 100% of its GDP. The U.S. debt increased $9 trillion during President Obama's eight years in office. Where does this end?
More and more people prefer to invest in something that is less affected by political decisions. Welcome to Bitcoin!
More and more countries begin to limit or prohibit cash to monitor transactions. India, Venezuela and Pakistan were probably just the beginning. There is a global war to get rid of cash and force everyone to participate in a system where every transaction can be monitored by the governments. Bitcoin is a reaction to this. People want to preserve their privacy and do not want to give so much power to a handful of players.
Inflation in many countries is very high, which means the local currency is not a good store of value. People in those countries are forced to buy more stable currencies, gold, silver or anything else that has a good store of value. An increasing number of people decide to store a part of their wealth in Bitcoin.
We might not have an inflation above 1,500%, as in Venezuela, but even with an annual 2% cut you lose half of your purchasing power in 35 years. Something to think about.
Image source: actualitix.com
Meanwhile, Bitcoin exists eight years. It has never gone offline. Every day new people are learning to use it. Year after year it is the best performing currency. Every year that passes is a confirmation that it is indeed working and that it has potential.
What will the bitcoin price be in 2017? Of course, we don't know yet. I see Bitcoin as a long term investment so what does one year matter? I expect the price to be higher at the end of this year, but who knows what will happen during the year. When I compare Bitcoin's current daily transaction volume with other players like Visa and MasterCard, Bitcoin is still very very small. See the chart below. This means, there is still a huge potential for a much higher Bitcoin price in the years ahead. Although nothing is certain in the Crypto space, I can't believe Bitcoin won't make new all time highs ever again.
The general insight here in relation to how we stifled John Nash's thinking and the purposeful fragmentation of the mind is that it can be seen/shown that we are slowing our progress as a society by not allowing the proper use and implementation of the concept of Heaven as an Ideal Society.
This should be obvious by now.
Going to buy a breakout of this small daily range. The price is a little erratic, but it's worth pursuing these setups on cryptos as the risk/reward can be in multiples of ten if it gets pumped. The price has also been though a pretty erratic 'resetting period' since the last pump and is beginning to become more consistent in it's waves.
Link to chart:
What I'm looking for:
At this point I've sold half of my bitcoin at break even (originally bought at 861). We didn't get the 'pop' upwards I was hoping for. I don't like to mess around with trades once I'm in, but taking a fresh look at the latest candles, I'm feeling that the probability of a good move up immediately is against us and I'd rather protect my capital.
I have a few reasons based on how I think bitcoin will move medium term and also what the short term is telling us.
The price probably needs to 'reset' before being able to move up again in a healthy trend. If we look at the current upward movement (the pink line), it seems very unlikely that the price will continue at this angle without moving back to the larger average . We can get some idea of this by looking at previous waves. After the initial move back up they tend to collapse again to the weekly average before properly resetting.
Looking at previous movement there are probably to likely patterns we'll get. The first would be a triangular pattern, where the price would follow the pink line for some time and then follow the orange line before either retracing to the overall average (green arrow) or just continuing up (like the blue arrows). The second would be a slow curve back to the overall average and up (blue curved line), taking the route of of either the blue or green arrows.
I was expecting the price to move higher before getting into one of these two medium term possibilities. But i'm making a decision now to sell half because the price is struggling. we're hitting what seems to be an important resistance line (the red line - points highlighted by the red circles). We're also repeatedly breaking the pink trendline and the moving averages on the lower timeframe. On top of this the volume is dropping off. really it would have been nice to see the volume increasing as this would have suggested interest and enthusiasm.
So what now?
For me the best action would be to wait for a proper reset. Hopefully we will get a move like the blue curve and can consider buying if the price signals a move higher near the big yellow trendline .
Thanks for reading and good luck!
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Der Krieg auf das Bar Geld geht schon einige Zeit und auf fast alle Kontinente
Politions starting from the USA that want to get rid of the $50 and $100 Dollar notes, to Venezuela and India which already have eliminated large bills and caused havoc to nations like Norway, Sweden or Korea want the cash less society within years all in the name of terror and tax evasion. Bitcoin as we know is becoming ever more popular to balance your life’s needs.
Politiker angefangen von der USA die den $50 und $100 Dollar Scheine abschaffen möchten bis zu Venezuela und India die schon die größten scheine aus dem verkehr nahmen und damit viel Unmut und leiden verursachten und zuletzt Länder wie Norwegen, Schweden oder Korea möchten ganz auf Bar-Geld verzichten in die nächsten Jahre.
Texas Precious Metal have come up with a very good visual on this subject.
Texas Precious Metal haben eine anschauliche Visuelle Darstellung zusammen getragen um das Thema besser zu erleuchten.
I think of proposing a new chain that is meant only for students and tutors built on top of current blockchain rewarding both students and tutors for exchanging questions and answers as well as conducting e-classes selling and buying educational resources and of course a cryptocurrency to facilitate that.Do you guys think its a good idea? or can this be implemented on an existing platform .
So after my first day invested in bitmagnet, I can say everything is going smoothly and I am getting payed per hour. I get a return of 3.60% per day on my investment. It sounds to good to be true, but its not, I implore everyone of my steemian friends to go check it out and invest a little, get feeling. They are new in the crypto world, but they are going to make a HUGE impact. Follow the link below to check it out.
An interesting site to learn how to buy bitcoins with credit card.
Amazon , Ebay , etc...
I find a interesting video to show how yo buy anything with bitcoin. I share with us. I don't try it to buy yet.
One of the few things that I very much dislike about the bitcoin blockchain are the ocasional hour long waits for the first confirmation to come in. In this case I have been waiting 21 hours since I sent my 0.12 btc to exchange for steem. Next time Im using Bittrex or Poloniex.
I know this has nothing to do with Steemit, problem being in this case the btc I sent to buy steem are meant for an friend who wishes to purchase steem for his account. I took his fiat money with the intention of powering him up ( I have already done this once before) but of course him being new to crypto and steemit he is having his doubts because of this long wait. I hope bitcoin blockchain scalability will be solved soon, this is not the first time that I run into similar problems.
What is the longest time that you have had to wait for a btc transaccion to be confirmed
This is a sequence of images from the coinmap.org website that shows the increase in commercial businesses accepting bitcoin. Please note this will only show data that users have added and thus will mis a number of businesses that do not show up on the map.
Thank You For Your Support and For Honoring Me With Your Up Vote.
Bitcoin price made new test to the EMA50 that proved its strength against the negative pressure, and the price rebounds bullishly in attempt to resume the main bullish trend, while stochastic provides clear positive signal on the four hours' time frame.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, reminding you that the waited targets begin at 990.00 and extend to 1050.00, while achieving them conditions holding above 851.00.
Expected trading range for today is between 885.00 support and 1000.00 resistance
Expected trend for today: Bullish
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Official W3Coins Representative in East Europe & Middle East
BitsRapid Marketing Head in Romania
Recyclix: Recuerda usar mi ID de cuenta maestra.
Merchant Shares es un negocio de inversión, por lo tanto no necesitas visualizar ningún anuncio, se hacen inversiones en diferentes sectores (Forex, Web Ads, Commodities, Stocks y Crypto Coins).
El registro de la empresa en Dominica
Dominica es un país en alta mar. Según Dominica International Business Ley de Sociedades de 1996, se ofrece la exención total de impuestos para las empresas IBC durante 20 años. Estamos registrados en 2007. Somos elegibles para realizar negocios allí hasta 2027.
Para saber más acerca de los impuestos, sólo tienes que escribir
impuesto IBC en Dominica en búsqueda de google verá muchos sitios web que hablan de la exención de impuestos en Dominica.
¿Por dónde invertimos?
Invertimos los fondos de inversiones de cartera (acciones), divisas, materias primas, sistemas de publicidad por un equipo de colaboración de personal experto y socios de canal de confianza.
Las carteras que mas recomiendo:
Bitso: Estas páginas sólo funcionan en México el mínimo de retiro a tu tarjeta de debito es de tan solo $50 MXN de la misma forma puedes comprar los Bitcoin o incluso Ethereum usando Bitso y depositando desde tu tarjeta o en tiendas OXXO.
ReCyclix es una empresa ubicada en Polonia que nos permite invertir en el negocio de reciclar residuos plásticos. Podemos invertir el mínimo de 20 euros usando BITCOIN, transacciones bancarias y Tarjeta de crédito pero además la pagina te regala 20 euros para que puedas empezar a comprar tus primeros residuos plásticos y procesarlos en la fábrica.
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