Reddit Posts
Bitcoin is now part of the mainstream financial system, at least in the USA
USA: Taxes - Where to see the Moons history
New to Bitcoin community, looking for few tips to setup all of it
What USA based exchanges allow withdrawals in USD? Which do you recommend?
Why do almost all ICO / IDO platforms require KYC? How safe it is to do?
🌐 Top 10 countries by bitcoin mining volume USA, China, Kazakhstan, Canada, Russia, Germany, Malaysia, Ireland, Singapore, Thailand, USA The blue scale above each country shows the % of green energy used for mining
Anyone who has digital residency... deposits and withdrawal process
For those of you who have digital residency. How do you deposit and withdraw?
Pocket Network is now available in the USA for the first time, following its listing on Crypto com
[Launching In 24 Hours] The Time Has Finally Arrived For The #1 Memecoin w/ a Metaverse To Go Live On Uniswap. With Top Crypto Influencers, Kols & AMA’s Calling da Pinchi Over The Next 7 Days It’s Looking Like An Easy 1000X. CG/CMS Fast Tracked. Doxed Team With Active Community.
I want to transfer money from Russia to USA, using crypto - what is the best way to do it?
PokeGrok: 100 KOL channels | Pinksale markering support | Trending + Ave ads
Tell me that BTC ETF is NOT similar to an IOU for BTC similar to leaving it on an exchange?
Is it a good idea to buy bitcoin ETF for country outside of USA without capital gains tax?
Mining concentration and network security - Help me understand.
Any Non KYC exchanges still available in USA?
Yet another mixer seized by the so-very-honest-and-caring-of-our-safety government of USA. When will people start using onion protocols to guarantee true internet freedom?
Could Argentina's stock exchange (almost 200 years old) offer a BTC instrument?
I read that in El Salvador the remittances thing has not taken off
How are you preparing for a probable BTC EFT approval?
Low and microcap gems to watch now that the bullrun has started, Pt. 2
Low and microcap gems to watch now that the bullrun is here, Pt. 2.
Koinly now shows long term vs short term holding
Unpopular crypto opinion: The people who tell you to hold through a bear market dont understand how the halvening works, are scared, have a low net worth compared to their income or do so because they think its beneficial tax wise for them....while its not.
Greenspan: "USA can pay any debt because it can always print money"
A big Bitcoin ETF catalyst from this week that not many are talking about!
[USA] What platform do you buy your BTC from before sending it to Cold Storage?
Coinbase potential for a $1 trillion dollar company?
The Economics of a Hypothetical 51% Attack on Bitcoin by a nation state
Central banks of rich countries are avoiding dive public in bitcoin
Look at how scarce Bitcoin is and its about to get even more scarce in 2024!
Greedy.Art | The largest NFT auction on BNB Chain with featuring $GREEDY tokens with a unique price increase mechanism
Where to long crypto in the USA?
What do you guys think will happen with Bitcoin, when the interest rates change in USA?
What do you guys think will happen with Bitcoin, when the interest rates change in USA?
Will the US government Ban Private Custody of Bitcoin in 2024 ?
Coinbase and CoinLedger tax calculation method- USA taxes
🌐 How the distribution of BTC mining capacity has changed in 10 years In total, the two largest pools (Antpool and Foundry USA) now account for more than 51% of the hash rate It’s unlikely that Satoshi Nakamoto would have liked this....
If I borrow fiat with crypto as collateral, is it taxable?
Easiest Way To Buy Shitcoins/MemeCoins/AltCoins?
How is Binance.US still allowing staking for US people?
How are you converting BTC in CB to BTCB/BNB in TW in the USA
Is Socios / Chiliz done in the USA?
Stop bitching your own country to praise Crypto, yes I'm talking to you Americans, and no, there isn't a single fucking sign that your economy is going downwards
Thoughts on CKB? Next 100x over the course of 2 years IMO.
For anyone who is newer here: There is NEVER a legitimate reason for any entity, group, protocol, mod, admin, tech support, or ANYONE to ask you for your seed phrase.
Remember **** china - USA now largest bitcoin mining nation in the world
Bitcoin ETF imminent - Nasdaq calls on SEC for approval
Noticing excessive money printing in real life - stories from the street
Best of the Best Staking Rates and Updates
Why the roof for new AHT looks like need to be $100K
They say miners are “printing money” but so are our own governments
The First Bitcoin Futures ETF Is Set To Start Trading In The USA Soon, While Bitcoin Surges Above $60,000 USD For The First Time Since April 2021
The First Bitcoin Futures ETF Is Set To Start Trading In The USA Soon, While Bitcoin Surges Above $60,000 USD For The First Time Since April 2021
The First Bitcoin Futures ETF Is Set To Start Trading In The USA Soon, While Bitcoin Surges Above $60,000 USD For The First Time Since April 2021
Mentions
With your plan you'd live "very well" for about 5 years max. Not only you're losing money to inflation, but you also need to spend money for living. Yes, it's a very cheap country, but it's very cheap to live like a local. If you want a life that barely resembles the lifestyle you have in USA, you'd likely still spend \~20k USD a year.
USA is not our enemy lol. It is just that europe is closer so people travel there a lot for vacation.
I lived in one of the richest country in the middle east, USA and Canada. And by lived I mean 3 years +. I chose to come back to my motherland Mauritania, I love it here ♥️. I refused to get a mortgage in both USA and Canada even though I was eligible for 1milion + mortgages.
On River there are no fees after one week of daily DCA buys and the spread is low (0.32% on my last buy). They also have a cold wallet automatic transfer feature. River is US based and has proof of bitcoin reserves. Strike has similar features in USA + 95 countries.
I have uncovered an article regarding crypto from the 90s. Found it in a university library. The article described cryptography, and what was essentially crypto currency, being used for illicit purposes, how the US government views it as a major threat, and that the government would never allow such anonymity and power in the hands of the public. It also touches on the benefits of crypto. However, the main point was how the government was against it. Fast forward to 2009, Bitcoin is created by a totally anonymous creator(s), and the US government suddenly are all open arms, purchasing billions of dollars worth Bitcoin reserves, from a creator they allegedly know absolutely nothing about. The white paper was written in British English. It's my belief Bitcoin is a joint project between US and British government, it will help to wipe out the trillions of dollars worth of debt in USA, and once the debt is transferred to crypto, crypto will be worthless, trust will erode, everyone will move back to the dollar or some other form of global reserve currency. Im happy, healthy, not depressed. Just saying.
At half that price governments will make it illegal to own Bitcoin if a private citizen and we will be forced to sell it to them, at discount like the USA did with gold
If in USA, free DCA buys after 1st week on River. Strike has the same and is in USA + 95 other countries.
My first cycle too. I hope you’re right. My reasoning is. The government and even the USA president has now accepted and embraced it. I’m not expecting a SBR or anything like that. But we are no longer walking up hill with it. Imagine selling at a time like this? The price is very high and retail hasn’t even caught wind yet… Not financial advice, I have never been in a -60% bear market. But I ain’t selling nevertheless. Let’s get this!
Diversifying is good. The larger cap coins dont dip as much on red days/ trumps bipolar tweets. I think every alt portfolio needs one low cap with high potential mixed in there which can outperform your safe plays. For me that's ZBCN, and if you look into it it ticks all the boxes. Low MC (can 10x easier), made is USA, building for real world use case (the rails for instant payroll on chain), strong global partnerships with established players in finance, compliance requirements acquired with iso20022 in progress, advertising in 3 international sports, and not just theory, they already process 50mil in payroll monthly so its already got real world adoption within US. DYOR, I hold many different alts and have a lot of safe plays but im bullish the most on zebec.
anyone with crypto.com account USA dm need direct account owner ASAP
anything above 100% is pointless. USA can get their christmas trees and toys elsewhere. Perhaps they can make christmas trees out of Soy
It's a way for the USA to devalue it's currency to help with their debt.
When do they have presidential elections in the USA? 😁
2030 BTC = $190,000 2035 BTC = $335,000 2040 BTC = $590,000 2045 BTC = $1,042,000 2050 BTC = $1,836,000 2055 BTC = $3,235,000 2060 BTC = $5,702,000 2065 BTC = $10,049,000 2030 USA Debt = $40.3 Trillion 2035 USA Debt = $63.4 Trillion 2040 USA Debt = $197 Trillion 2045 USA Debt = $347 Trillion 2050 USA Debt = $612 Trillion 2055 USA Debt = $1.078 Quadrillion 2060 USA Debt = $1.900 Quadrillion 2065 USA Debt = $3.349 Quadrillion 2030 Loaf of Bread = $4.41 2035 Loaf of Bread = $7.76 2040 Loaf of Bread = $13.68 2045 Loaf of Bread = $24.12 2050 Loaf of Bread = $42.50 2055 Loaf of Bread = $74.90 2060 Loaf of Bread = $132.00 2065 Loaf of Bread = $232.63 2030 Gallon of Gas = $5.80 2035 Gallon of Gas = $10.22 2040 Gallon of Gas = $18.01 2045 Gallon of Gas = $31.74 2050 Gallon of Gas = $55.93 2055 Gallon of Gas = $98.57 2060 Gallon of Gas = $173.71 2065 Gallon of Gas = $306.14 We are so fucked.
Yes, until the USA wakes up
It exists. USA is actively shorting through walls of buys. Banks do the same. 4 cycles had panic on the bottoms. This one would be obvious. You'll get big mega sell, X will scream that crypto is dead, they will buy.
100% and 150% aren't any different. I guess USA can get process their own rare earths
Owning a house in Manhattan or Miami Beach, yes, it will likely beat inflation. Anyplace USA owning a house it will likely only keep up with inflation if you are lucky. That 10% yearly inflation hurdle rate is high and tough to beat. That is not even taking into account the upkeep costs and property taxes of said house.
You can send btc from USA to Zimbabwe to Venezuela How can you send gold like that To earn bitcoin you must mining.you can use untapped geothermal into butcoin Bitcoin is energy ⚡⚡
BRICS nations want the trust to be placed on them instead of USA. Fractional Reserve Banking through IOU will remain as is.
From abroad I can't understand the USA. It is the greatest power in the world and no two better candidates have been found for the presidency than a guy with senile dementia and a rampant bully. Why?
1. No, I didn't, rare earth metals are not everywhere. 2. No, I didn't. You said "minerals" are not mined because of enviromental destruction, except in a "dictatorship", which is wrong, since the leaders are democracies that have solid regulations about it (if they are being enforced or not, it's another topic). 3. No, I didn't, since having some mineral and being able to transform it are two completely different things. The fact that you think that the USA could start mining rare earth metals and supplying them to the market in the short terms is stupid. Zero arguments, zero knowledge.
USA is not better either, so what's the point?
Its fucking sad the once great USA now has a known grifter as the leader
The fundamentals makes it more resistant to manipulation, but it's still not bullet proof. The more institutions and wealthy countries buy in, the less resistant it gets, even if the price goes up. Bitcoin is still not in a place where it's being mass adopted as an applicable currency, and until it does it will be treated as an asset, and a risky one at that. Just like it takes a heavy hit everytime the US announces tariffs, it would skyrocket if the US announced they were converting half their treasury to bitcoin. The news alone is doing this, not the action, and the that alone means that people in high power can manipulate it. The stock market is heavily manipulated, and bitcoin is now in a place where it reacts to the market whether people like it or not. It's no coincidence that the short term price hit it's lowest this last Friday when monthly options closed in USA, and started rising throughout the weekend right after. You can also see a big spike around 10pm ET when Asian markets woke up after the weekend, and you'll probably see some heavy movement again when US marked opens in a couple of hours.
Can you name a country more capitalistic than the USA?
True, but it’s a really good and easy way to legally make gains tax free (if in a Roth account in the USA)
USA is being run by a business man not a politician.
The USA has become a third-world country
So you're doing fine with all the wars USA started within last few decades, with Israel too, but when Russia does something similar it's a big no no, noted.
Generally people say “not your keys, not your coins”. Basically if the app you bought it on got hacked or stole your bitcoin, all the bitcoin you had in there would be gone. Think Mt. Gox or FTX. There’s no regulation requiring the government to cover that like they do up to 250k cash for banks in the USA. Same goes to ETFs of course, but since those are generally administered by big big big companies like Fidelity who usually store with Coinbase (a few do self-custody) that they’re less likely to get hacked or have funds stolen.
Sure we can. The difference is that I will bring evidence. So we need to settle some basic foundations just to a have a normal debate. Why is a president elected in USA? Is it to serve the people or to rule the people and enrich himself? Do you believe in the constitution? Separation of Power? Rule of Law?
\*checks subreddit, nope its the correct one, right? The protests reveal the fact that USA, the main driver behind crypto pricing, adoption will be occupied for a few years with other obligations. And one has to think about the future of this all after they stand up from the rubble. You think Trump will leave crypto behind on good standing? The recent flash crash already revealed the casino is smoking, soon the fire will be found.
I just went to Japan. McDonald’s there costs less than half what it costs here in USA!!! I can’t wrap my head around it. Our inflation is horrific. Everything was so cheap to felt like nineties pricing. I just bought a Gatorade at the gas station for almost $5, Alaska prices, but in Japan I was getting a sandwich, drink, and two snacks for $5 at the convenience store. Our dollar is truly worthless and it’s happened so gradually everyone’s not noticing.
every company based in USA must be OFAC compliant, else they end up in jail. mining pool operators incorporated in USA are OFAC compliant its international law. the source is OFAC compliance.
When the USA invades Valenzuela the market will crash again
Absolutely no idea. Been at crypto for 12 months, and my conclusion is that most of it is guess work. However, as we can guess, I think it will go up if a Ukraine peace deal is achieved, more USA rate cuts (October i think , could be wrong ), trump announces a positive China trade relationship, not sure if the US Senate passing any more laws soon .. All these type of things help , sometimes they don't..... What will make it go down? Literally anything.. Although yeah I think it may go up slowly . Although I think ill bail out if and when I hit 30 or 40% profit..... I have 5 figures in crypto and don't really want to risk not being able to make a profit short term.
October is usually a good month, but it can't compete against the 2 biggest world economies going into a full blown trade war and the USA government being in one of its longest shotdowns. Both issues will settle tho, they just ruined the month
ZCASH is a bit "anonymous" like Monero, but unlike Monero so far is not that anonymous, and not attacked by the USA government to hit the Houthis formally for a private company experiment. So many who have tried to play the BTC short have swapped to ZCash to try hide their wallet history and gains. I do not see much other reasons for such a consistent spike.
one issue is censorship which is happening right now. USA based pools censor transactions to be OFAC compliant what could be done is to never join large pools, support the smaller ones, but there are less financial incentives for that
Bitcoin isn't something I'm spending at this phase in my life. I use bitcoin as my long-term savings account. If you're buying in the USA (I'm not American) I've heard Strike, River, Swan are good services. Outside the USA you'll have to do your homework on the various countries you might operate in and what their regulations are and what exchanges are available.
which on one hand makes sense to continue - its a cycle.. but former cylcles didn't have the president of the USA publicly trading in it, or as many institutions.. seems like a different beast now
This is a bit different situation though. With a single moronic policy idea (trump threatening tariffs that would wreck China and USA at the same time, the 2 largest economies in the world) he sent everyone into a mass sell-off panic. The mass amount of users that flooded into exchanges to insta-dump their positions basically created a DDoS attack on most platforms to where hundreds of thousands of people were locked out of taking action. The insane volume of 1 sided selling was so intense that stop loses were skipped / didn't catch and people lost it all instantly. Every auto system liquidation created even more downward pressure exponentially on an already overwhelmed system. People here should complain. "Firearms are dangerous, you should expect that you may be injured using one" is a fair statement to say except in this analogy, if an orange clown took your shotgun and stuffed sand into the barrel while you weren't looking, causing the weapon to explode in your face the next time you fired it, would be an entirely different context. Complaining would be more than warranted. This wasn't some failure of risk management, or people being too greedy with leverage. This was a moronic policy position by Trump, carelessly creating a mass panic and the exchange infrastructure couldn't keep up with the chaos. Hope this helps.
Or just create a financial network excluding USA lol
Alt season already started. Gold started bull market and altcoins like silver and platinum are now pumping too. Other shitcoins like gold/silver/platinum miners are following and best shitcoins to make multiplies will be junior miners. The truth is simple, in 2013, there were like 30 altcoins total. In 2017, there were thousands. In 2021, there were millions and now there is over 100 million different coins, tokens and crypto projects. Hyperinflation at it's best. It is impossible to pick winners among 100 million tokens. In 2013 it was easy, simply buy anything. In 2017, buying anything worked but not that well. In 2021 you had to know what to do right to earn something. Now no matter what you pick, there is more crypto projects than people in crypto. Smart money already moved from altcoins to metals. There are insane pumps in rare earth metal miners. Similar are uranium and copper miners. Now gold and silver miners are at sweet spot, early upticks and about to explode on massive earnings profits of senior miners. The best coin is the coin that you can hold in your hand. AI and China vs USA changed the narrative, it is metal war, everyone wants to secure metals to be able to build infrastructure for AI.
If you have a 401k loan, can you still contribute, or will the contribution go directly to paying the loan? Have you figured out how much it will cost to mine? Hardware ($6141?), electricity, etc? Sure you can lose money to a point with the IRS (assuming you are in the USA), but you need to fund any loses until you sell some BTC. I personally am not a fan of borrowing from 401k's, most data shows people do not pay them back. But each person has to make their own choice. Not sure how much your are contributing, but you could also setup a Roth IRA with a broker and buy through that. Frankly, it is like mining gold. When you find that first flake or nugget, you get hooked. BTC is the same. Feels bette than buying.
If it's a "house" worth of an amount you should use a legitimate exchange with verified account. Sell enough to cover the tax bill as well. It's up to you to keep track of and report the cost basis and the tax owed and pay the estimated tax bill by end of the quarter in USA.
BTC has never dipped below USA Presidential Election Day price, in this case it would be a 70k bottom.
Understand everything you said, but 2022 was a series of peculiar events, or black swans if you like it. USA was running hard on the chokepoint, Covid, China ban, FTX. How couldnt it just bleed till the last drop ?
Yes. USA dept o treasury is short selling with their unlimited supply of usd or usdt to lower the pri e as much as thry need for their dept erasing program. They will liquify enough to break through all orders and they will close lowwr and start buying in buy sell cycles for as long as thry.get all the cryptos thry need and then they will buy for as long as it takes to lift off and then will ride it. Then they will sell on top, because they create the top sp they sell only on top, repay bonds with extra usd and then rinse and repeat until other paeties join. At thet point they have poisened the crypto space as much as forex.
More bullshit. >It's the truth. It's bullshit because you cannot falsify your statement. >That would be the case if every single person in the world needed to open a L2 channel. I don't know where you came up with that at all. Even just the USA would take 2 years with no other onchain transaction. It is madness and a statement for how little BTC Bros are rooted in reality. >You keep going to extremes of every single person in the world, or every transaction in the world, etc. Yes because it is easy to calculate and it shows the problem well, because it doesn't get much better when you half or quarter that number. >I don't see your point here. Of course you don't. But that's not my problem, people with two brain cells will get it. >Look at the real world. In the real world, practically everyone uses L2 all the time. Credit/debit cards, banks that hold their money, payment apps, etc. LN adoption is abysmal. LN stats are all declining https://bitcoinvisuals.com/lightning. What is used is a LN banking system with custodial wallet providers 💩💩💩 95% of all installed LN wallets are custodial. You are reinventing the FIAT system with no control over your money. >Message me when bitcoin L1 breaks and is unusable. Here is your message. Look at the chart: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#alltime Whenever fees spike onchain becomes unusable and unreliable. >As of today, it's working just fine. >You think it won't in the future. That's fine, just holler back then. God how I hate this delusional bullshit.
Trade silver using robin hood at night when USA market close everything goes up
I mean, I think it's fair for people to complain that Trump wrecked the bull run in such a way that resulted in a violent, instantaneous sell-off that caused every major exchange platform to crash out. It was 100% avoidable if he wasn't such a moron. That's not the same thing as making a bad investment that bled out over time or getting liquidated from using too much leverage with no stop loss. The crash was so bad that people's stop losses didn't even work lol. Hell, say nothing about the people that lost money. The president of the USA damaged crypto in it's entirety. Damage that may never be undone. There is plenty to complain about. If you don't want to hear the complaints I suggest you turn off social media for the next 4 years.
President of the USA using crypto as his personal grift machine is unheard of. This is not your typical cycle. We have a grifter running amock and tearing all walls down with it if he goes. Not when, but if.
USA decided to stop buying cooking oil from China, they have decided to produce it themselves
I don't follow your theory entirely. China owns over 194,000 BTC which they got from a raid. It's theoretically possible for them to sell off causing some downward movement, and fear selling, but it will stabilise because other countries and investors would step in. Those that sold in fear will come back, and it will level out. The USA adds value to its economy by allowing banks to sell a share of their BTC. By allowing banks to offer Bitcoin related investment products, the US financial system generates economic activity and profits, which adds value to the economy. China could disrupt that, but not enough to cause economic collapse. China is unlikely to risk undermining its political leverage against a country that uses Bitcoin to strengthen its economy.
MAJORITY are USA, but there are others worldwide.
So the extremely important announcement where crypto was shitting about was about how USA will fights against drugs? Like serious?
And it took 99% of the suckers here a year to figure out. Trump doesnt care about crypto, he cares about dollars. He will use crypto to suck every last penny out of this system into his own bank account. As said, crypto dies with Trump and only bitcoin will survive, but the state will have to be seen. Copy paste from my post 7 months ago: * **Trump brings a huge systemic risk to crypto/bitcoin, even if it outlives his term/life**: Altcoins literally got saved by Trump's announcement end '24. They were already bleeding out. Bitcoins current cycle was probably accelerated because of it. ***The market priced in perfection***\*\*.\*\* (Perfect ETF's / world reserve etc. the whole package) But it all came crashing down when Trump showed his true colors. When he released his own coin all red flags should have gone up. He doesnt really care about crypto, he cares about his own wallet, ego and power. And that is problematic, cause even if bitcoin is not controlled by Trump, YOU GUYS made him the posterboy as "pro crypto president". And now the rest of the world gets to see what that means. Why you applauded a pro-crypto president like him to begin with baffles me. USA is getting dismantled and you all think he wont take crypto a peg down with him?
America. We were holding on in the green until exactly 6 AM USA time when for the 3rd day in the row everything turns to blood the moment burgers wake up.
Thats because he managed to become the head of the most influential economy on earth, with plenary authority for him, something unprecedented in the USA
No, but can I interest you in a God bless the USA Bible or a commemorative medallion instead?
The distributed nodes do validation, but what goes on the blockchain and when is not decided by them, they are not creating the blocks. They can't protect from censorship. So for example, the top mining pools are in the USA and they have to censor transactions. Censored blocks are valid blocks for validator nodes, but it was a centralized entity that dictated what can go on the blockchain. This example is in effect in real life as top mining pools censor North Korea related txs because a centralized entity (OFAC) tells them to do. The transactions will go through when a miner outside USA puts them in a block but it takes time.
stable to what? Why would you give up your financial power to the The Federal Reserve of USA? By actively using crypto's like Nano, you can participate in the consensus and security of the way the network is run. If you use USD stablecoin, you never know when USA will fuck you up and you won't be able to stop it.
Brother this is blatantly false. PayPal is the only internationally accessible to pretty much everyone out of all mentioned. Venmo, Zelle never even heard of them but they don't operate in my country and are all from USA. Americans are delusional
In the meantime, if I may suggest, buy 75% Bitcoin and 25% Eth. This is because Bitcoin is unique, it is THE cryptocurrency, while Ethereum is used because it is functional from a technological point of view, and perhaps could be replaced by something else in the coming years. Having a lot of Bitcoin protects you from the extreme volatility of altcoins. Instead, as far as forecasts are concerned... There is only one piece of data that really influences the price of Bitcoin, and that is the liquidity circulating globally. This liquidity is expected to increase in the coming times. Powell said we will move from quantitative tightening to quantitative easing next year. Trump wants this, and he also wants a weak dollar. So I expect a real bull run next year, while at the end of the year we will perhaps see a slight increase, because statistically at the end of the year speculative securities increase. In summary: uncertainty or decline now, increase at the end of the year (December and perhaps November), decline in February and March, bull run from May or perhaps October 2026. This is in the short term. In the medium and long term, however, the USA has three immense problems. 1. China will overtake the United States at this rate. When there are two commensurable powers in the world, they usually go to war (see Ray Dalio's analyses). Trump is trying to keep China at bay with tariffs, but my training as a historian leads me to say that those who block trade with tariffs usually end up badly. 2. Public debt is skyrocketing. And this also applies to Europe. 3. The very rich 1% of the population is getting richer and richer, all the others are getting poorer (these are true statistics, not a political opinion). This will unleash populism and tendencies towards authoritarian regimes. Now, I don't want to make it complicated, but it is difficult to reduce public debt and at the same time win a trade war (which requires money, and therefore debt) and keep the people at bay. So I expect that in the world the dollar will lose power and the euro will follow. Something truly never seen since the post-war period. In this scenario, having gold and Bitcoin can save you. And, between the two, the asset that is centuries old is gold, which is the real reason why everyone is buying it. But Bitcoin could also skyrocket. But I'm not sure, given that many consider it a speculative asset. Sorry for the length of this post.
I think (in USA) a 1099 is sent by your credit card company only if the value of the rewards when given exceed $600 in a year and is taxed as income. If you later sell that bitcoin there would be a capital gains tax, but only on the amount it appreciated. Im not 100% sure, so double check with an accountant.
USA equities season is here, powered by ai.
At the net of institutional interest, it's not logical to think that the appreciation of cryptocurrencies against fiat currencies is over, especially given the disastrous state of the economy behind Western fiat currencies. Then the exchange rate, because that's what we're talking about, not "intrinsic" value but exchange value against other currencies, can also remain calm for a period because institutional demand is slow to rise anyway, so one can even expect several months of relative decline. I'd expect the "real end" if a major nation launched its own FLOSS national crypto with complete freedom of custody and participation in the network that maintains the blockchain. This is objectively quite unlikely in the short term, as it would be the death of banks, which are very allergic to their own funeral. Brazil with PIX/E-Rial, the Houthis with the E-Rial, India announcing an upcoming Rupee on blockchain, and some states starting to use blockchain for digital identity show that something is moving, but we are still very far from seeing anything like this in Europe, USA/Canada, China, or the Russian Federation. Therefore, I am largely calm and optimistic, limiting myself to observing with occasional swaps between BTC and XAUt and vice versa.
A lot of us on the left side of the political spectrum warned everyone that Trump is bad for markets, bad for the economy, and a social blight. Obviously with pro crypto rhetoric on campaign trail there was going to be a pump if he won the election, but everyone with any sense took major profits before he took office in January or shortly after. What you're seeing now is exactly what leftists were talking about. Tariffs causing inflation, market instability because of his erratic chaos, labor market downturn, fed being unable to cut rates all year because of this madness, etc etc. And crypto being the most volatile market is reacting as you would expect from such insanity. Oh well, maybe come 2028 / 2026 the USA will have learned their lesson.
Think again, USA understands the art of the deal better than anyone last thing they want is to make enemies from all over the world.
Market holding breath about USA/China tariffs, so nothing surprising
Waiting for USA/China statement about tarifs, it's probably the biggest catalist rn. We're still bullish for now, just DCA.
There is ways. Do it under a company or legal trust in a country that isnt the USA. Whoever made that trade knew in advance about the tweet and trumps plan. They likely have the contacts to get that done. Especially if someone in their circle wanted 200m of crypto for some less than legit transactions. Maybe elon will buy it. Maybe those funds will not be cashed in but be distributed for some other scheme. Maybes its someone's back up plan. But 190m isnt alot to trump and his billionaire friends so I dont think that this trade was the purpose of whatever he did to cause the price drop just someone in the know taking advantage.
Well..... they ordered the seizure of the bitcoin. Next, they need to find the keys. LuBian doesn't have the coins anymore (allegedly). An anonymous hacker stole the coins in 2024. The plot twist will come when we learn USA was the hacker. But for now, these are not in USA's possession.
Slightly weird when it's another sovereign nation an ocean away but USA be like.. "Mine!"
The lowest I found of the big exchanges in the USA (but Europe exchanges are still lower I believe)
China banned it 371 times. USA and most of the world tried stopping small countries from using it as currency. Tesla manipulated it. Lots happened in just a few years… I don’t think this feels any different.
Doesnt matter if the top is in or not. Its about risk / reward ratio. Not worth holding to squeeze out 10/20% more when the downside is becoming so big. 74/80% who cares. Thats enough to wipe your portfolio clean. Top is in cause economy is unravelling in USA and Europe.
Hes done more for the USA than any other Presidents larvae ever! 😉
I imagine that many if not a majority of their victims were USA.
USA governor are the real scam artists
Safe yourself, and don’t commit suicide ;DUMP BTC and ETH, and the entire space,and reinvest your money in the USA Equities index fund.and turnoff the tv and go fishing
ZCash is booming for a reason, Monero was better but after the USA attack against the Houthi sold as an "experiment" by a large Monero firm is out of the game IMVHO.
We are there today though. We might get past it in a few years, but USA today is absolutely as corrupt as Russia in this context.
They didnt call USA back or something like this
100% FALSE! The NSA developed Cryptocurrency. The ELITE plan on using it to “CHIP” us all. They have TOTAL CONTROL of the MANIPULATION. I assure you Trump is making BILLIONS off of us on a Daily basis. John Mc Afee tried to WARN US ALL! Welcome to Dystopia, USA
I recently started using River and they've been excellent. The were the only of the major exchanges that I was able to use to buy at the low point of the crash on Friday 10/10. Coinbase, Kraken and Gemini were all frozen when I tried. A month ago I would have said Coinbase or Kraken were the place to start. But I've learned the hard way they are not the best. They recently started arbitrarily freezing withdrawals of mine, when trying to move bitcoin to cold storage. I've had to file formal complaints with their companies and may have to file formal complaints with consumer protection agencies and attorney general in my state, which I'm prepared to do, since I've done nothing wrong, only trying to move to cold storage. Kraken recently released my bitcoin and unfroze my transfer. I'm still waiting on Coinbase, which as of this moment, is saying I cannot withdraw for 30 days. This is all after full verification and uneventful prior usage. Once I get my coins off these exchanges, I will never use them again. Gemini has been better, but I haven't used them for very long. As of today, I'd say go with River. They are USA-only, have full proof of reserves and offer 0% fees on DCA purchases after the first week (there is still a tiny spread). I've heard Strike is good also, but I haven't used them yet. Avoid Coinbase and Kraken at all costs. You risk plugging along without problem, until one day they freeze your funds and then offer no help at all with their horrifically bad customer service. It's just not worth it when there are other options out there. Sadly, Kraken and Coinbase have gotten so big, they take your business for granted and don't care enough to try to win your business.
On the scale of 1-10, how obsessed are you with financial freedom? 10 being USA’s level of obsession with oil
But you’re talking about meme coins/celebs, not exactly president of USA and WLF (utility coin)
The value of the US dollar come from the fact its the only accepted currency to pay taxes in the USA. It also is the most accepted currency to do business in the USA. It has value because we give it value and the government does. Its just as simple as that. You NEED dollars to live in the USA. Bitcoin are numbers on a screen that are limited by some random group of people or person. Bitcoin will only have value if we give it value and just because it has value right now doesn\`t mean it will always have value. Gold also only has value because we give it value and people all the time question its worth. The only difference is that gold has been used as a official medium of exchange/currency in the past.
China changed their rare earth mineral policy and refinement licensing to other countries .. Trump tried privately to fix for USA at least. That failed ... so Trump went bombastic on China on Friday.
Stocks are very green pre-market. Looks like USA will be pumping today
From the history... https://www.theguardian.com/world/2021/nov/17/nazis-based-their-elite-schools-on-top-british-private-schools or https://liberatedtexts.com/reviews/zionism-as-a-fascist-ideology-zionist-relations-with-nazi-germany-by-faris-glubb/ and https://www.vashtimedia.com/origins-and-legacies-of-the-1917-balfour-declaration/ as a starting point: all extreme right-wing ideology and theocracies in modern times are largely supported or even made as kingmakers from UK or USA ruling class, try https://en.wikipedia.org/wiki/United_States_involvement_in_regime_change for the other slice.
I don't think you can really compare the economic status of Zimbabwe to USA it's a false equivalency.
Thanks for the advice. What happens if you don’t have USA citizenship or live in the US anymore. You just purchased it through a US crypto account (while living there temporarily) in USD but sold while living in the UK and a full UK tax resident. I’m trying to avoid any potential tax issues.
Yep not sure about USA but here in UK Strike has £100 spread. You always pay more regardless of "market conditions"