Long-term planning makes sense only with cryptocurrencies that have already proven themselves, everything else is actually a pump&dump scheme from which many come out with nothing. Many people have a hard time understanding that if they once made money on a coin, it may never be possible again, because it actually had a one-time purpose.

On the other hand, those who can afford to invest in Bitcoin have always profited so far, especially those who followed the cycles and invested when the price was at the bottom, and sold whenever a new ATH occurred. Of course, it is not easy to precisely detect the absolute bottom or ATH, but smart investors always buy when the price goes down and sell when they are satisfied with the profit when the price goes up.

In any case, any plan is better than none.

What can create conflict is knowing which user gives negative karma to another user, it is something that could cause problems and create a bad atmosphere in the forum. A few weeks ago the admin said he was working on a system to show a karma counter (positive and negative) for each post separately, that way we can know which posts are most interesting to the community. It is something that has not yet been implemented, but when the time comes it will be very useful to find out what is most interesting for users.

Not only which posts received the most +karma, but also those who received -karma. It will be especially useful to detect the abuse of karma, because currently there is a possibility that someone gives negative karma to a user for no reason at all, without the user notice it at all. I already wrote about it, by following someone's activity in a certain period it is possible to cancel every positive karma with a negative one without the user noticing it at all.

There is also no doubt that there is abuse of positive karma, because recently we had several users (all new accounts) who shill a certain service and someone gave them positive karma for classic shitposting - which means that they had a Senior+ rank that they used for that activity.

The sooner we get that feature, the better for everyone.

~snip~
But because it hasn't happened yet and there is no agreement yet, we can only estimate.

You misunderstood me, the spot ETH ETFs are approved, they just haven't received permission to start trading yet. Of course, this is only a formality and it is only a question of the day when it will become fully operational. There should be no doubt that it will attract the interest of investors, because it does not matter to them whether they trade with BTC, ETH or something else as long as it brings them profit.

The U.S. Securities and Exchange Commission (SEC) on Thursday approved key regulatory filings tied to ether ETFs, a historic milestone for the second-largest cryptocurrency. They are not, however, cleared to trade. Although the SEC approved the 19B-4 form that allows for the offering and listing of ETFs, it must still green light the funds' S-1 filings before investors can buy them.

Quote from: Lucius on May 24, 2024, 03:42:36 PM

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's bad when one man has so much influence on everything that happens in the country - it's not that I have to brag about my president who is an old commie who lives in the past and doesn't even respect the constitution of the country he lives in - but luckily he doesn't have too much power so that is not too important.

Regarding taxes and other things related to crypto, I can say that I am satisfied, but that will change considering that I live in the EU, which has one center of power and imposes rules on everyone, especially the little ones who cannot defend themselves

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...

I have all that, although health care is not completely free (you have to pay about 10 EUR per month) to be able to have all services for free, but the level of corruption is still high - in the past 8 years, as many as 30 ministers had to leave because investigations were launched against them - and the same party won again in the recent elections - it's hard to understand.

Those people who expect ETH to chase BTC must be ETH holders. 
~snip~

If you invest in something, then I guess you believe that you will achieve good results that way - and as I already wrote, many will decide to invest in ETH rather than in BTC for the simple reason that 1 ETH costs $3000+, and 1 BTC costs $60 000+. Therefore, many speculate that if ETH jumps at least x10 one day, it can be a much bigger profit than investing in BTC.

Yesterday, ETH almost reached $4k again. It was about $3.9k. It is likely not so difficult to return to the ATH in 2021. However, it is true that Bitcoin can increase faster, it already reached a new ATH before the halving. Sure, looking at this trend, Bitcoin seems like to always ahead of Ethereum.

This was expected since the ETH ETF (spot) was approved in the US and many took the opportunity to try to cash in on the news. Of course, it will be necessary to wait for a while to see how much investor interest will be, but regardless of the fact that this is good news for all those who have ETH or are just going to invest in it, on the other hand it is bad for BTC in the sense that part of the money will probably go in the other direction.

I agree with you that hardware wallets are the best to store bitcoin, but in my case I am not a rich guy that buys bitcoin with huge amount, but the bitcoin that I receive from my signature campaign is too small to send to a hardware wallet due to transaction fee in future. So what I do is to receive my coins in a hot wallet, and when it has accumulated to $500, or if transaction fee is high, when the TX is low, I do consolidate my transactions and send it to my hardware wallet. If I want to spend some bitcoin I also take from my electrum online wallet.

It makes sense, as long as you consider your hot wallet safe, and as long as you can afford to lose that $500 in case something bad does happen. Given that, according to my calculation, you still need several months to collect that amount, you have nothing left but to be careful - although I see no reason why you should not receive your payments directly to the address that is part of your hardware wallet - and considering that you can have several accounts on HW, you can create one wallet only for sig campaigns, and then when a sufficient amount is collected, simply send everything to your main account.

~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.