Bitcoin Exchange Buy, sell and trade cryptocurrencies

Localbitcoins.com - global p2p bitcoin marketplace

The official subreddit for LocalBitcoins.com, a Peer to Peer bitcoin exchange where you can sell your own bitcoins and buy directly from other users.
[link]

The SHA-512 Cryptocurrency

This is for the new cryptocurrency Protoshare
[link]

NiceHash - buy & sell hashing power

NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.
[link]

Bitcoin Exchange Platform Development - How To Start A Bitcoin Exchange Software Site? Here is all you need to know

submitted by Lusan09 to Crypto_experts [link] [comments]

How to start a bitcoin exchange site to leave a mark in the industry

We can comprehensively guide you about how to start a bitcoin exchange site by leveraging our mission-driven approach and years of expertise in the blockchain industry.
submitted by joshsmith9 to u/joshsmith9 [link] [comments]

05-28 12:34 - 'Valuable insights on how to start a bitcoin exchange business' (self.Bitcoin) by /u/Lusan09 removed from /r/Bitcoin within 1547-1557min

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Antier’s subject matter experts guide you on [how to start a bitcoin exchange business]1 . We help you pilot and adopt blockchain technologies to reinvigorate your business.
'''
Valuable insights on how to start a bitcoin exchange business
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Author: Lusan09
1: *nt**rs*l*tions*c*m/blog/how*t*-s*ar*-a-b*tc**n-exc*a*ge-site/
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Get in-depth understanding of how to start a bitcoin exchange site

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04-17 13:24 - 'Get in-depth understanding of how to start a bitcoin exchange site' (antiersolutions.com) by /u/Lusan09 removed from /r/Bitcoin within 178-188min

Get in-depth understanding of how to start a bitcoin exchange site
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Author: Lusan09
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How to Start a Bitcoin Exchange Business?

submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

How to start a bitcoin exchange site

How to start a bitcoin exchange site submitted by AntierSolutions1 to u/AntierSolutions1 [link] [comments]

How much money I need to start a small bitcoin exchange startup ?

submitted by iTziSteal to Bitcoin [link] [comments]

How much money I need to start a small bitcoin exchange startup ? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Did you know, you can build your own cryptocurrency exchange, without even having to know anything about coding, that too in just 2 minutes? You can now monetise from your own crypto audience at no additional cost. Read below

Did you know, you can build your own cryptocurrency exchange, without even having to know anything about coding, that too in just 2 minutes? You can now monetise from your own crypto audience at no additional cost. Read below
You can monetise your crypto audience by launching your own customised crypto exchange, just by following some simple steps, with zero coding knowledge. This product of CoinSwitch is mainly aimed at marketers like YouTubers, Redditors, bloggers, etc., who have their own community and they want their community to trade on their own exchange.
The best part is that you can earn 50% of our revenue received through this custom exchange. This will give you a brief idea on how to start a Bitcoin exchange business.
The setup is pretty simple, where you can link your website to the personalized domain for converting the cryptocurrencies directly from the website. Create your own instant customized exchange by going here.

Let us take you through the steps, which will tell you how to build a cryptocurrency exchange website:

Step 1: Start

You have to enter your own domain, which you own, and want to link the custom domain, then you need to add your official email id, which will be used for further communication and helping in the setup.
Once you click on “Show advanced settings”, you can upload your logo and add the background image, which is completely optional.
You can even add your Bitcoin payout address if you want to let us know where you want to receive the payout for the referral.

https://preview.redd.it/pg0l4fdv82u31.png?width=1420&format=png&auto=webp&s=ce0b39d8e268166f64c4cc67a39557fe7ad8c986

Step 2: Configure

After that, click on save and continue, you need to move to the configuration part. Here, you need to select the source coin and the destination coin amongst the list of 300+ coins.
For instance, if you want all of your payments to be received in Ethereum, you have to check the “All box” in the source coin, and the destination coin should be chosen as Ethereum.

https://preview.redd.it/n30vsgdw82u31.png?width=1338&format=png&auto=webp&s=f9821283168ea70216db5af1ee9226d8f2595b5b

Step 3: Launch

Once you save and continue, the last and the most critical step happens. You need to add the CNAME record for your domain DNS. It generally takes a few minutes for the custom exchange to go live.
Your instant exchange is almost ready!
Just make sure that the “Traffic through Cloudflare” is unchecked when you add the CNAME.

https://preview.redd.it/ry5s6xpx82u31.png?width=1134&format=png&auto=webp&s=b1898947f5f7d214d14a35f70fa23e1c37a99b5f

Custom Exchange Partners

We already have more than 700 partners using the Custom Exchange. Most of the reputed YouTubers and bloggers are using our custom crypto exchange, some of which are- Komodo, CriptoMondeas, Keith Wareing, Skycoin, etc.
For instance, if you go to CriptoMondeas’ YouTube channel, and go to any video, you will get the URL that takes you to the custom instant page, wherein you can view the overall cryptocurrency exchange architecture. Similarly, for Komodo, you can go here. There are numerous examples like this, which you can find on the CoinSwitch page.
If you have any queries, you can reach out to the CoinSwitch Customer support team, which is 24/7 active.
submitted by perky_coder to coinswitch [link] [comments]

Bitcoin exchange scirpt

Bitcoin Exchange Script

In this digitized world, everybody ponders Cryptocurrencies and they are anxiously need to know the bitcoin trade content. This is on the grounds that bitcoin assumes an essential job in monetary parts as of late. From now on, the drawing in thought of this bitcoin-unrest has stimulated a huge number of people groups. A few people is on interest to start bitcoin mining and some different forms blockchain based dapps while business people groups think on the most proficient method to begin your very own bitcoin trade site with the rising innovations. Isn’t that so?

Without a doubt, there are a few different ways for structure digital forms of money surge, just bitcoin trade site is the essential thing for your future cryptographic forms of money business improvement.

Prior to that, it is progressively significant for you to accomplish an unmistakable thought regarding What is bitcoin trade, its favorable qualities and how to construct an effective bitcoin trade site.

What Is A Bitcoin Exchange?

For the most part, exchanging is the prime target of a bitcoin trade. It offers an open door for the clients to exchange one bitcoin just as fiat monetary forms for another and the other way around. Then again, they outfit administrations to store your bitcoins and send it to your advanced bitcoin wallet.

Highlights of the Bitcoin trade stage?

To bring up the natural element that all bitcoin trade stages have is the “Trade” part where you regularly can purchase and sell requests and furthermore stop breaking point orders.

Furthermore, Most of the systems let you a speculation utilizing acquiring cash from clients or from the framework.

How to Start a Bitcoin Exchange in Simple Steps?

Before beginning a bitcoin trade, one ought to be cognizant to check whether every one of these means are done in an appropriate manner.

A lawful guidance to dispatch authorizing prerequisites

Procure adventure subsidizing.

Find the developing innovation arrangements supplier

Connection your bitcoin trade with others

Have organization with installment Processor

Utilize High-level security rehearses

Go with beta testing
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Bitcoin exchange scirpt

Bitcoin Exchange Script

In this digitized world, everybody ponders Cryptocurrencies and they are anxiously need to know the bitcoin trade content. This is on the grounds that bitcoin assumes an essential job in monetary parts as of late. From now on, the drawing in thought of this bitcoin-unrest has stimulated a huge number of people groups. A few people is on interest to start bitcoin mining and some different forms blockchain based dapps while business people groups think on the most proficient method to begin your very own bitcoin trade site with the rising innovations. Isn’t that so?

Without a doubt, there are a few different ways for structure digital forms of money surge, just bitcoin trade site is the essential thing for your future cryptographic forms of money business improvement.

Prior to that, it is progressively significant for you to accomplish an unmistakable thought regarding What is bitcoin trade, its favorable qualities and how to construct an effective bitcoin trade site.

What Is A Bitcoin Exchange?

For the most part, exchanging is the prime target of a bitcoin trade. It offers an open door for the clients to exchange one bitcoin just as fiat monetary forms for another and the other way around. Then again, they outfit administrations to store your bitcoins and send it to your advanced bitcoin wallet.

Highlights of the Bitcoin trade stage?

To bring up the natural element that all bitcoin trade stages have is the “Trade” part where you regularly can purchase and sell requests and furthermore stop breaking point orders.

Furthermore, Most of the systems let you a speculation utilizing acquiring cash from clients or from the framework.

How to Start a Bitcoin Exchange in Simple Steps?

Before beginning a bitcoin trade, one ought to be cognizant to check whether every one of these means are done in an appropriate manner.

A lawful guidance to dispatch authorizing prerequisites

Procure adventure subsidizing.

Find the developing innovation arrangements supplier

Connection your bitcoin trade with others

Have organization with installment Processor

Utilize High-level security rehearses

Go with beta testing
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Bitcoin Exchange scirpt

Bitcoin Exchange Script

In this digitized world, everybody ponders Cryptocurrencies and they are anxiously need to know the bitcoin trade content. This is on the grounds that bitcoin assumes an essential job in monetary parts as of late. From now on, the drawing in thought of this bitcoin-unrest has stimulated a huge number of people groups. A few people is on interest to start bitcoin mining and some different forms blockchain based dapps while business people groups think on the most proficient method to begin your very own bitcoin trade site with the rising innovations. Isn’t that so?

Without a doubt, there are a few different ways for structure digital forms of money surge, just bitcoin trade site is the essential thing for your future cryptographic forms of money business improvement.

Prior to that, it is progressively significant for you to accomplish an unmistakable thought regarding What is bitcoin trade, its favorable qualities and how to construct an effective bitcoin trade site.

What Is A Bitcoin Exchange?

For the most part, exchanging is the prime target of a bitcoin trade. It offers an open door for the clients to exchange one bitcoin just as fiat monetary forms for another and the other way around. Then again, they outfit administrations to store your bitcoins and send it to your advanced bitcoin wallet.

Highlights of the Bitcoin trade stage?

To bring up the natural element that all bitcoin trade stages have is the “Trade” part where you regularly can purchase and sell requests and furthermore stop breaking point orders.

Furthermore, Most of the systems let you a speculation utilizing acquiring cash from clients or from the framework.

How to Start a Bitcoin Exchange in Simple Steps?

Before beginning a bitcoin trade, one ought to be cognizant to check whether every one of these means are done in an appropriate manner.

A lawful guidance to dispatch authorizing prerequisites

Procure adventure subsidizing.

Find the developing innovation arrangements supplier

Connection your bitcoin trade with others

Have organization with installment Processor

Utilize High-level security rehearses

Go with beta testing
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Bitcoin exchange script

Bitcoin Exchange Script



In this digitized world, everybody ponders Cryptocurrencies and they are anxiously need to know the bitcoin trade content. This is on the grounds that bitcoin assumes an essential job in monetary parts as of late. From now on, the drawing in thought of this bitcoin-unrest has stimulated a huge number of people groups. A few people is on interest to start bitcoin mining and some different forms blockchain based dapps while business people groups think on the most proficient method to begin your very own bitcoin trade site with the rising innovations. Isn’t that so?



Without a doubt, there are a few different ways for structure digital forms of money surge, just bitcoin trade site is the essential thing for your future cryptographic forms of money business improvement.



Prior to that, it is progressively significant for you to accomplish an unmistakable thought regarding What is bitcoin trade, its favorable qualities and how to construct an effective bitcoin trade site.



What Is A Bitcoin Exchange?



For the most part, exchanging is the prime target of a bitcoin trade. It offers an open door for the clients to exchange one bitcoin just as fiat monetary forms for another and the other way around. Then again, they outfit administrations to store your bitcoins and send it to your advanced bitcoin wallet.



Highlights of the Bitcoin trade stage?



To bring up the natural element that all bitcoin trade stages have is the “Trade” part where you regularly can purchase and sell requests and furthermore stop breaking point orders.



Furthermore, Most of the systems let you a speculation utilizing acquiring cash from clients or from the framework.



How to Start a Bitcoin Exchange in Simple Steps?



Before beginning a bitcoin trade, one ought to be cognizant to check whether every one of these means are done in an appropriate manner.



A lawful guidance to dispatch authorizing prerequisites

Procure adventure subsidizing.

Find the developing innovation arrangements supplier

Connection your bitcoin trade with others

Have organization with installment Processor

Utilize High-level security rehearses

Go with beta testing
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Bitcoin exchange script

Bitcoin Exchange Script

In this digitized world, everybody ponders Cryptocurrencies and they are anxiously need to know the bitcoin trade content. This is on the grounds that bitcoin assumes an essential job in monetary parts as of late. From now on, the drawing in thought of this bitcoin-unrest has stimulated a huge number of people groups. A few people is on interest to start bitcoin mining and some different forms blockchain based dapps while business people groups think on the most proficient method to begin your very own bitcoin trade site with the rising innovations. Isn’t that so?

Without a doubt, there are a few different ways for structure digital forms of money surge, just bitcoin trade site is the essential thing for your future cryptographic forms of money business improvement.

Prior to that, it is progressively significant for you to accomplish an unmistakable thought regarding What is bitcoin trade, its favorable qualities and how to construct an effective bitcoin trade site.

What Is A Bitcoin Exchange?

For the most part, exchanging is the prime target of a bitcoin trade. It offers an open door for the clients to exchange one bitcoin just as fiat monetary forms for another and the other way around. Then again, they outfit administrations to store your bitcoins and send it to your advanced bitcoin wallet.

Highlights of the Bitcoin trade stage?

To bring up the natural element that all bitcoin trade stages have is the “Trade” part where you regularly can purchase and sell requests and furthermore stop breaking point orders.

Furthermore, Most of the systems let you a speculation utilizing acquiring cash from clients or from the framework.

How to Start a Bitcoin Exchange in Simple Steps?

Before beginning a bitcoin trade, one ought to be cognizant to check whether every one of these means are done in an appropriate manner.

A lawful guidance to dispatch authorizing prerequisites
Procure adventure subsidizing.
Find the developing innovation arrangements supplier
Connection your bitcoin trade with others
Have organization with installment Processor
Utilize High-level security rehearses
Go with beta testing
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Bitcoin exchange script

Bitcoin Exchange Script

In this digitized world, everybody ponders Cryptocurrencies and they are anxiously need to know the bitcoin trade content. This is on the grounds that bitcoin assumes an essential job in monetary parts as of late. From now on, the drawing in thought of this bitcoin-unrest has stimulated a huge number of people groups. A few people is on interest to start bitcoin mining and some different forms blockchain based dapps while business people groups think on the most proficient method to begin your very own bitcoin trade site with the rising innovations. Isn’t that so?

Without a doubt, there are a few different ways for structure digital forms of money surge, just bitcoin trade site is the essential thing for your future cryptographic forms of money business improvement.

Prior to that, it is progressively significant for you to accomplish an unmistakable thought regarding What is bitcoin trade, its favorable qualities and how to construct an effective bitcoin trade site.

What Is A Bitcoin Exchange?

For the most part, exchanging is the prime target of a bitcoin trade. It offers an open door for the clients to exchange one bitcoin just as fiat monetary forms for another and the other way around. Then again, they outfit administrations to store your bitcoins and send it to your advanced bitcoin wallet.

Highlights of the Bitcoin trade stage?

To bring up the natural element that all bitcoin trade stages have is the “Trade” part where you regularly can purchase and sell requests and furthermore stop breaking point orders.

Furthermore, Most of the systems let you a speculation utilizing acquiring cash from clients or from the framework.

How to Start a Bitcoin Exchange in Simple Steps?

Before beginning a bitcoin trade, one ought to be cognizant to check whether every one of these means are done in an appropriate manner.

A lawful guidance to dispatch authorizing prerequisites
Procure adventure subsidizing.
Find the developing innovation arrangements supplier
Connection your bitcoin trade with others
Have organization with installment Processor
Utilize High-level security rehearses
Go with beta testing
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Bitcoin Exchange Script

Bitcoin Exchange Script

In this digitized world, everybody ponders Cryptocurrencies and they are anxiously need to know the bitcoin trade content. This is on the grounds that bitcoin assumes an essential job in monetary parts as of late. From now on, the drawing in thought of this bitcoin-unrest has stimulated a huge number of people groups. A few people is on interest to start bitcoin mining and some different forms blockchain based dapps while business people groups think on the most proficient method to begin your very own bitcoin trade site with the rising innovations. Isn't that so?

Without a doubt, there are a few different ways for structure digital forms of money surge, just bitcoin trade site is the essential thing for your future cryptographic forms of money business improvement.

Prior to that, it is progressively significant for you to accomplish an unmistakable thought regarding What is bitcoin trade, its favorable qualities and how to construct an effective bitcoin trade site.

What Is A Bitcoin Exchange?

For the most part, exchanging is the prime target of a bitcoin trade. It offers an open door for the clients to exchange one bitcoin just as fiat monetary forms for another and the other way around. Then again, they outfit administrations to store your bitcoins and send it to your advanced bitcoin wallet.

Highlights of the Bitcoin trade stage?

To bring up the natural element that all bitcoin trade stages have is the "Trade" part where you regularly can purchase and sell requests and furthermore stop breaking point orders.

Furthermore, Most of the systems let you a speculation utilizing acquiring cash from clients or from the framework.

How to Start a Bitcoin Exchange in Simple Steps?

Before beginning a bitcoin trade, one ought to be cognizant to check whether every one of these means are done in an appropriate manner.

  1. A lawful guidance to dispatch authorizing prerequisites

  1. Procure adventure subsidizing.

  1. Find the developing innovation arrangements supplier

  1. Connection your bitcoin trade with others

  1. Have organization with installment Processor

  1. Utilize High-level security rehearses

  1. Go with beta testing
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

Get complete guidance on how to start your own bitcoin exchange

Antier’s consulting helps clients gain an in-depth understanding of how to start your own bitcoin exchange and adopt new technologies to foster their business growth.
submitted by joshsmith9 to u/joshsmith9 [link] [comments]

Protip: How to easily become mega-wealthy by starting a Bitcoin exchange!

Why, it's quite simple:
  1. Make a basic exchange and get people to start giving you money.
  2. Turn on Tor and empty 75% of the funds out of your own cold wallet.
  3. ...yes, that's right, your own cold wallet. Hack yourself. Then, claim you were hacked because of Bitcoin.
  4. Give notice that you're declaring bankruptcy.
  5. Offer everyone 25% of their money back, which you've miraculously just "found" - so long as they sign a waiver of their right to sue you.
  6. Xcellent - you win!
You can remember this simple formula by looking at the first letter of each row.
BTC-E, Bitstamp, Bitfinex - you should consider doing this. You'd obviously make far more money, and nobody would know the difference. There's a point where you'd make more money doing the above, legally, than continuing to operate as normal. Seriously, what are you, chumps? Get it together and start planning this out now.
(Note: I obviously don't want them to do that. But, I'm not joking when I said it'd make them chumps not to do it, because there really is a point in which it becomes more profitable to do so, and I'm worried the Gox case will set a bad precedent. This is why we need to evolve serious industry-standard auditing procedures in place, bolstered by cryptography, to get past this sort of thing.)
submitted by MauledByPorcupines to Bitcoin [link] [comments]

09-29 02:22 - 'Coinbase really isn't for trading. Use Coinbase's exchange for trading. It is called GDAX. Here is a playlist resource on it that will show you how to get started: [link] / Kind regards, / [@deeplizard] | [YouTube] | [Steemit]' by /u/deeplizard removed from /r/Bitcoin within 42-52min

'''
Coinbase really isn't for trading. Use Coinbase's exchange for trading. It is called GDAX. Here is a playlist resource on it that will show you how to get started: [link]4
Kind regards, [@deeplizard]1 | [YouTube]2 | [Steemit]3
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: deeplizard
1: https://twitter.com/deeplizard 2: https://www.youtube.com/channel/UC4UJ26WkceqONNF5S26OiVw 3: st**mit.*om/***eplizard 4: https://www.youtube.com/playlist?list=PLZbbT5o_s2xr17PqeytCKiCD-TJj89rII
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

[Serious] How to deal with Crypto Tax 2020?

First of all, please upvote for visibility + more opinions - this concerns all of us. Also, if you're stupid enough to think you'll get away with avoiding tax's despite KYC'ing to Coinbase & Binance don't bother commenting. News flash! you're gonna end up paying that tax in the long run + huge fines eating into your gains (or even putting you into debt).

Anyways... I started investing in 2017. As a noob I did what most people did, chased multiple shitcoins, bought and sold various different pumps getting wrecked along the way. Then towards the end of the year, my portfolio increased significantly... but I DIDN'T sell - so I didn't "crystalise" any gainz. (I sold a couple hundred here and there during hard financial times, but I'm guessing nothing close to the free capital gains allowance).
Fast forward just over 2 years, since then I've been buying BTC/ETH/XMR on a consistent basis. It's getting to the point where if I were to sell enough of my stack, I'd owe tax as it'd be over the "allowed" CGT threshold.
That leads me to my question... how the fuck are you supposed to calculate capital gains tax when it comes to crypto? For the past 3 years I've traded in and out of alt-coins on multiple exchanges (some of which don't even exist anymore). It would be easy if it was just FIAT IN vs FIAT OUT, but the fact that CRYPTO to CRYPTO is considered taxable just makes it a nightmare! On top of that I did some freelance work (paid in BTC) which adds to the complexity.
Take another example of what confuses me: Say I bought 1BTC on Coinbase in 2017, then 1BTC on Kraken in 2018, then 0.5BTC on Coinbase again in 2019, and hold them all in the same wallet. Then if I were to sell 0.5BTC in 2020, what Bitcoin was actually sold? Half of the 1 BTC bought in 2017? Is it FIFO?
I genuinely don't know where to start and need help. I don't want to be in a shitty situation (for example some massive 2017-esque bull run happens just before the end of the tax year and I decide to cash out and have 3 days to sort shit out). I want to be prepared.

I've come across services such as https://www.cointracker.io/ /https://bitcoin.tax/ etc but feel really hesitant to give quasi-unknown companies full read access to my wallet addresses, portfolio amount, personal email address etc. Privacy is key in the crypto space and I don't want another attack vector especially after seeing much more established companies such as Ledger fucking up (idiots) and losing my personal data.
What do I do? I've even thought of selling EVERYTHING to FIAT and immediately buying it all back and taking whatever fine comes my way on the chin just so I can clearly track crypto transactions and not have to stress about it.
If anyone has experience with crypto tax's please share any information that may be valuable to me/all the many others that are in the same situation as me.

TL;DR: Bought loads of Bitcoin and Shitcoins throughout the past 3 years, finally starting to total up to an amount that'd be taxable if I sold a chunk - dafuq do I do regarding Taxes?
submitted by finbar93 to Bitcoin [link] [comments]

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