Have you seen that coinmarketcap.com added a feature to see all those historical events in bitcoin price?

And the effect, look at how the market is now. especially the price of Ethereum. The effect of the Ethereum ETF approval is truly great. At least for the time being, this is very good for the upward progress in the market. Even if you look at the graph of Ethereum itself, it is very significant. Currently, the price of ETH is at $3,740. Even though it is currently experiencing a decline, at least, it is much better than it was a few days ago.

CoinGecko

It is also moving positively against other crypto and bitcoin



I am hoping to break 0.07 BTC, then i will think about converting ETH > BTC

You see, I didn't know that the laws were so favorable when it comes to tax, but 15% doesn't seem so bad considering the amount of tax on crypto that some other countries have.

Yeah, I agree.

Brazil was very crypto friendly until our President changed in 2023. As I said, crypto was tax free until 6k USD per month (which is a lot imo).

It is sad that our money from taxes goes to a hole and we have basically zero return from it (no public education, no public health care, etc)... but that is how things in developing countries are...

Litecoin and Dogecoin not even making the list is madness. Particularly Dogecoin. Aren't these coins using a much lower PoW block generation time?

Litecoin has a 2.5 minutes blocktime.
While dogecoin has a 1 minute blocktime.

Those coins has faster blocktimes, but this is just a design decision, just a different parameter in the code. Which has pros and cons.

They are faster , but they do not have superior technology compared to bitcoin

Quote from: TomPluz on May 21, 2024, 02:19:16 AM

~snip~
Do you see Brazil to become a powerhouse market for cryptocurrency in the coming years?

I hope that Brazil will do something good for its people when it comes to cryptocurrencies and that these regulations will be something positive that will enable people to invest safely, and on the other hand, that they will not have to pay excessive taxes on their profits. If I'm not mistaken, spot BTC ETFs were available in Brazil long before this happened in the US, and from some other news I've read over the years, it always seemed to me that Brazil had a strong crypto community.

This is certainly a topic in which member @bitmover could give his opinion.

Thanks for mentioning me.

Brazil is rising taxes everywhere.

A few months ago, we could sell about 6k USD of cryptocurrencies each month tax free. In January 2024 this changed, and now we have to pay 15% taxes because crypto is now considered "international investment".

There is an exception: If you sell in a few domestic exchanges, you still get this 6k USD free taxes. However, this new regulatory framework will probably put an end in this exception.

I don't expect nothing good from this new regulatory framework. Our government is socialist, our President is an extreme left radical, he doesnt like crypto at all, neither his party.


I expect more taxes and some news about DREX (our new CBDC)
https://cointelegraph.com/news/brazilian-cbdc-drex-official-name-and-logo

Quote from: bitmover on May 22, 2024, 01:52:28 AM

I remember to see CM paying 0.0375 btc per week, but this was lower than 200 usd for a very long time. But it was always the best paying camping in the forum.

The highest amount I earned from the signature campaigns was 0.15 per month, in 2019 it was about ~$1,600, and I sold it in 2021 at a price of 51k, so it was ~ $7,650 per month.

I think it is important to think in USD terms, not in BTC terms.

When you receive 0.15 a month, but that is "only" $1600 not $7600.

It is basically the same as buying $1600 BTC per month.

You could just have used your real life wage to buy more BTC each week...

Yesterday Kucoin added lighting network support

21/05/2024, 09:44:30

Dear KuCoin Users,

KuCoin has completed the integration of Bitcoin (BTC) on the Lightning Network. Deposits and withdrawals for Bitcoin (BTC) are now open on the Lightning Network.

https://www.kucoin.com/announcement/en-kucoin-completes-integration-of-bitcoin-btc-on-lightning-network-opens-deposits-and-withdrawals

Do you use lighting network? It is amazing to move coins between exchanges if you never used it!

In the context of the topic, rumors spread yesterday or before about the approval of a Spot Ethereum ETF, which had major positive effects on the market, as Ethereum rose to exceed $4,000, and Bitcoin also surpassed 71K$ before falling again.

Until now, the news is still not officially confirmed, but I believe that the possibility of approval is very close. Most likely, the Bitcoin ETF scenario will be repeated, as it was initially rejected, then approval was obtained after pressure from large companies.

Yeah, looks like it going to be approved

But it was Ethereum (ETH) that turned the most heads, clocking in nearly 20% worth of gains to soar above $3,600.

Markets are bracing for a hotly anticipated decision from the US Securities and Exchange Commission (SEC) on the approval of spot-ether exchange-traded funds due this week.

Applications filed by VanEck and Ark Invest are due to be approved or rejected on Thursday and Friday respectively.
https://uk.investing.com/news/cryptocurrency-news/bitcoin-ethereum-soar-as-market-braces-for-major-etf-decision-3506759

Ethereum was having a bad performance in the last months, but things might change now. With the approval, Eth might reaches its ATH  (4800) soon, and even beyond it.