Bitcoin losing it's lustre?

**babybull34** · 01-03-2018, 11:16 PM

Originally Posted by Reliable_DNP

Already happening. The IRS has been in FED court in CA for over a year seeking to enforce a subpeonae of coinbase's user records. Within the past month, the court found partially in coinbase's favor and ordered CB to provide the IRS with the records of something like their 14,000 largest customers. That coinbase is calling this a victory should tell you everything you need to know about where all the player's know this is headed. Think about it. If the IRS can compel 100 yo Swiss banks serving exceptionally wealthy customers to disclose their U.S, customers' account info, which they did, coinbase does not stand a chance.

Originally Posted by Reliable_DNP

Silver was up what, 7.5%, last year?

I unfortunately have to agree with this, Reliable. It really is a ticking clock before the FED steps in to regulate the digital currencies and begins to manipulate their values as well. The ability of the FED to force foreign national sovereign banks to comply speaks volumes as to their reach and capabilities.

Also, 7.5% is really decent growth for a "stagnate" commodity. Basically, you can never go wrong with investing in precious metals because they have an inverse relationship with the market, it is a fantastic way to diversify your portfolio and holdings.

**Blades22** · 01-03-2018, 11:23 PM

Everything except for gold has pretty much been a rollercoaster, if your an investor it's exciting right now, and scary at same time. Btc is highly volatile, so it's going to be very interesting to say the least, yes silvers up also

**babybull34** · 01-04-2018, 03:45 AM

No risk, no reward. But I like tangible commodities. Market value may fluctuate but they never become "worthless" so they do limit the downside. The same can not be said for stocks and digital currencies.

**IronFox** · 01-04-2018, 03:50 AM

With increasing scrutiny by the taxman bitcoin is fast starting to lose its lustre and there's a move to make cryptocurrency as anonymous as possible to avoid tracking by government and LE, but the weak point will be the exchanges where crypto is converted to hard currency. Governments all over are watching exchanges closely for signs of money laundering or tax evasion. There needs to be exchanges on the dark markets that will clandestinely convert crypto to cash in any currency.

Crypto will become an arms race in effect.

**Xtreme4Life** · 01-04-2018, 03:52 AM

Originally Posted by Reliable_DNP

@xtreme Any thoughts on the best BTC alternatives for vendors here?

Looking at Monero (for privacy), ETH, LTC, BCH due to customer interest.

Monero and ZCash would be the safest for all parties from what I've read, but they're not as easily accessible for most people as the others mentioned. Unfortunately until the more popular exchanges start dealing in the "privacy coins" most people aren't going to be willing to deal with them IMO. People are going to want to use whatever Coinbase offers for the most part.

**SuperJuiced** · 01-04-2018, 05:06 AM

OK..., understand the feds/government bs of regulation and manipulated values as concerns long term investing in cryptos, but the way these things roller coaster isint it a day traders dream OR nightmare depending on how well they can predict/guess whats going to happen from minute to minute?? Also when you guys talk about "any day now" are you speculating this month, end of year, next year or when Jesus comes back? LOL Sorry so many questions but seriously intrigued and once again I value you guys thoughts and opinions more than any others poking around internet. You guys steer me right with the sauce I stick in my ass so I'm sure no reason to feed me garbage when concerning this stuff.

PS. below in the "similar threads" box its showing a post title of "Losing gains from masturbation" What the hell does cryptocurrencies have to do with masturbating? Maybe you fuck yourself either way?? LOL!! Thanks again guys..., the feedback is always greatly appreciated!!

Respectfully, SJ

**Xtreme4Life** · 01-04-2018, 02:18 PM

Originally Posted by SuperJuiced

OK..., understand the feds/government bs of regulation and manipulated values as concerns long term investing in cryptos, but the way these things roller coaster isint it a day traders dream OR nightmare depending on how well they can predict/guess whats going to happen from minute to minute?? Also when you guys talk about "any day now" are you speculating this month, end of year, next year or when Jesus comes back? LOL Sorry so many questions but seriously intrigued and once again I value you guys thoughts and opinions more than any others poking around internet. You guys steer me right with the sauce I stick in my ass so I'm sure no reason to feed me garbage when concerning this stuff.

PS. below in the "similar threads" box its showing a post title of "Losing gains from masturbation" What the hell does cryptocurrencies have to do with masturbating? Maybe you fuck yourself either way?? LOL!! Thanks again guys..., the feedback is always greatly appreciated!!

Respectfully, SJ

IMO, the manipulation isn't much different than one sees in the stock market. The whales, funds, and corps and their algo bots are always going to have an edge and try to swing things in their favor. It just so happens that the crypto market is more susceptible due to lack of volume so the swings are bigger. I don't have the time try and mess with day trading. I just try to look for good 3+ month investments, pay attention, and make the best moves I can when the time seems right.

I plan on 2018 being the last really good year for crypto. There's so much new money still going into, which much more to come from both individuals and corps, that growth seems inevitable for the market as whole. Notice that I don't just refer to Bitcoin....IMO their biggest concern at this point is making sure people pay taxes on the gains from crypto. Their stance on how they tax crypto gains currently is clear. There's not much to worry about unless you don't plan on paying taxes on those gains. The government wheels turn slow. We'll know pretty far in advance if there's going to be any potentially crippling regulations introduced, and the crypto market is much, much bigger than just the USA.

**Reliable_DNP** · 01-04-2018, 06:09 PM

Originally Posted by Xtreme4Life

Monero and ZCash would be the safest for all parties from what I've read, but they're not as easily accessible for most people as the others mentioned. Unfortunately until the more popular exchanges start dealing in the "privacy coins" most people aren't going to be willing to deal with them IMO. People are going to want to use whatever Coinbase offers for the most part.

Yep. That sounds about right. Thanks for your thoughts.

**babybull34** · 01-04-2018, 10:46 PM

Originally Posted by Xtreme4Life

IMO, the manipulation isn't much different than one sees in the stock market. The whales, funds, and corps and their algo bots are always going to have an edge and try to swing things in their favor. It just so happens that the crypto market is more susceptible due to lack of volume so the swings are bigger. I don't have the time try and mess with day trading. I just try to look for good 3+ month investments, pay attention, and make the best moves I can when the time seems right.

I plan on 2018 being the last really good year for crypto. There's so much new money still going into, which much more to come from both individuals and corps, that growth seems inevitable for the market as whole. Notice that I don't just refer to Bitcoin....IMO their biggest concern at this point is making sure people pay taxes on the gains from crypto. Their stance on how they tax crypto gains currently is clear. There's not much to worry about unless you don't plan on paying taxes on those gains. The government wheels turn slow. We'll know pretty far in advance if there's going to be any potentially crippling regulations introduced, and the crypto market is much, much bigger than just the USA.

I wholeheartedly agree with this, X4L.