follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - Lucius

Pages: [1] 2 3 ... 33
1
News related to Crypto / Re: Brazil crypto regulatory framework coming by end of year
« on: May 24, 2024, 04:57:54 PM »
Quote from: bitmover on May 24, 2024, 04:20:17 PM
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

Quote
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.

2
Bitcoin News & Updates / Re: Bitcoin to Hit a New All-Time High This Week: Standard Chartered
« on: May 24, 2024, 04:30:47 PM »
It doesn't seem to me that BTC will profit from the approval of the ETH ETF, because according to some logic, when trading is approved (it still isn't) then part of the money will go to new ETFs, which means that we can expect that less money will go to BTC ETFs.

However, it will be interesting to follow the situation regarding the new ETF in terms of whether the price of ETH will profit from it even if BTC does not grow. Inflows into BTC ETFs have started to decrease in recent days, and this may be due to the fact that some investors have other plans - we will find out soon.

3
Cryptocurrency Price Speculations / Re: Why is Ethereum price action still influenced by BTC even after decoupling?
« on: May 24, 2024, 03:56:58 PM »
Quote from: UNIVERSE on May 24, 2024, 08:19:28 AM
Those people who expect ETH to chase BTC must be ETH holders.  :D
~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.

Quote from: UNIVERSE on May 24, 2024, 08:19:28 AM
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.

4
News related to Crypto / Re: Brazil crypto regulatory framework coming by end of year
« on: May 24, 2024, 03:42:36 PM »
Quote from: bitmover on May 23, 2024, 05:19:01 PM
Thanks for mentioning me.

You're welcome, because who could know better what is actually happening than someone who feels it on their skin.

Quote from: bitmover on May 23, 2024, 05:19:01 PM
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

So all this that is being prepared will not be for the benefit of ordinary people, but that is not at all surprising - Brazil is not the only country that raises taxes and wants its share of the cryptocurrency pie - on the one hand, they want to regulate the market, and on the other hand, to fill the state treasury. I wouldn't even mind paying a higher tax if I knew exactly where that money was going, but if you live in a country that produces dozens of financial affairs every year, even a 1% tax seems excessive (I'm thinking of my country).

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.

5
Cryptocurrency discussions / Re: Do not use Windows to store your crypto.
« on: May 24, 2024, 03:23:48 PM »
Quote from: Sim_card on May 23, 2024, 05:10:57 PM
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.

6
Cryptocurrency discussions / Re: Do not use Windows to store your crypto.
« on: May 23, 2024, 05:00:29 PM »
Quote from: bitbit97 on May 23, 2024, 04:20:34 PM
Always thought that it does not matter which operation system, antivirus or wallet user uses, because he gets hacked not based on what has chosen, but based on what he did. Even if user has super protection system, one reckless click can change everything. I think it is enough to follow security measurements and be cautious, to safely store crypto. As nobody will hack you unless someone find out you have funds.
~snip~

To a large extent, I share your opinion, because most of the incidents that happen to crypto users have nothing to do with the OS they use, but with the fact that they simply make a wrong move that hackers use to empty their wallet. So let's say a part of crypto users gets "hacked" because they save their backups (seeds/private keys) in e-mail or the cloud or as an ordinary text document on the desktop.

There is no doubt that Windows is the OS that is by far the most exposed to attacks, but even if it is another OS, it still boils down to the fact that it is not recommended to store your cryptocurrencies in desktop/mobile hot wallets. It's simply too much of a risk and that's why hardware wallets exist.

7
News related to Crypto / Re: Brazil crypto regulatory framework coming by end of year
« on: May 23, 2024, 04:25:17 PM »
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.

8
Bitcoin Forum / Re: BTC staying above $67,000, will it reach all time high?
« on: May 23, 2024, 04:04:03 PM »
Quote from: NotATether on May 23, 2024, 12:45:08 PM
Well duh, of course it's going to break its ATH and then break it again and then again this year. Provided the FBI doesn't come in and gatecrash the party of course, like they tried to do a month ago.

What exactly are you referring to? Whatever they (and some others) do cannot have too much influence on the price of BTC - and now that big players like BlackRock, Fidelity and many other companies are involved in everything, it would not be wise to stand in their way, would it? Gary still has a negative opinion about Bitcoin, but they pushed him to the point that he couldn't say no to spot ETFs.

Quote from: NotATether on May 23, 2024, 12:45:08 PM
I hope everyone is busy accumulating satoshis, because this run has the potential to be like the one in 2021.

I wouldn't have anything against x3.5 at the current price, because that will mean that the new ATH will be over $200k. Everything is possible, but a much lower price than that would be a great success.

9
Crypto Wallets / Re: Are not you afraid to lose money when using software wallets?
« on: May 22, 2024, 05:31:46 PM »
Quote from: PX-Z on May 16, 2024, 09:04:24 AM
This happened to electrum wallet last year or few months ago. That's the reason i don't update eventually my electrum and other wallet, unless a vulnerable was detected and was announced through their official social media handles, websites and some other news outlets. Other than that, i still do that practice more often.
~snip~

I am not aware that something bad happened with Electrum a couple of months ago or last year - so I ask the same question as @ABCbits - do you mean the exploited vulnerability that happened at the end of 2018? Unfortunately, this was something that misled many users, but only those who were not aware that such a thing cannot be a legitimate action - and those who do not know that every Electrum file can be verified before installation.


As for the security of each wallet, always choose those that are open source and always verify the file before installation - that way you can avoid any malicious update. For serious amounts of BTC or large values of any coin, a good hardware wallet or creating a cold wallet is of course recommended.

10
Bitcoin Forum / Re: BTC staying above $67,000, will it reach all time high?
« on: May 22, 2024, 05:17:06 PM »
What currently affects the price of BTC are spot ETFs, which according to available data have a positive inflow for at least 7+ days in a row. What is also important to emphasize is that these inflows are quite smaller than before and currently average around 4000 BTC per day, which is obviously enough to raise the price above $70k, but not to move towards a new ATH.

It is possible that some take advantage of the current situation and sell larger amounts of BTC that they bought when the price slipped all the way to $56k - and now it's just a question of how much they filled their bags and how long the ETFs will continue to accumulate.

Some unverified information says that companies like Apple and Amazon are also starting to accumulate BTC, and that the news about this will be published in August - but that might just be a rumor.

https://x.com/btc_for_freedom/status/1792161269153239346

11
News related to Crypto / Re: Venezuela bans crypto mining to protect power grid
« on: May 22, 2024, 04:53:55 PM »
I remember that a few years ago the price of mining was the most favorable in that country, but that the real problem was that there were frequent power cuts or that the electrical infrastructure was just very bad. Whatever it was, mining was not really something people in that country should be doing, not only for the aforementioned reasons, but also because every day someone can (legally) knock on your door and confiscate all your equipment.

Maybe people in that country should think about alternative sources of energy such as the sun and wind, so even though these are not sources that can always produce energy, at least they would be off the grid and off the government's radar.

12
Cryptocurrency Price Speculations / Re: Why is Ethereum price action still influenced by BTC even after decoupling?
« on: May 22, 2024, 04:35:38 PM »
Quote from: MrSpasybo on May 21, 2024, 01:25:11 AM
Technology-wise, Ethereum with smart contracts has many more features than Bitcoin. In fact, if I had to choose only one crypto to apply to the world, I would probably choose Ethereum. The ETH marketcap is also expected to surpass the BTC marketcap, but that is unlikely to happen even though ETH has an infinite total supply, as the market has chosen BTC as the crypto king. I can only hope that in the future, ETH will surpass BTC in terms of daily trading volume, just as USDT has surpassed BTC.

Despite how good and valuable ETH is in its vast ecosystem, ETH is still just an ALTS and only receives inflows after BTC has recovered and stabilized at a new higher price zone, and is also heavily influenced by BTC price fluctuations because BTC price is still considered an health indicator of the entire crypto market. I don't think this will change anytime soon in the next few cycles, perhaps only the widespread adoption of the Ethereum blockchain into the new economy can make the ETH price supported by business demand and less dependent on the BTC price.

I'm not saying that ETH doesn't have its purpose and application in the crypto world (unlike most alts), but I think Bitcoin is still superior to any alts due to its true decentralization, use of proof of work, and the fact that it wasn't created to make its creator or people around him got rich. In addition, Vitalik has made many "strange" statements about BTC over the years, and always seemed quite frustrated that he failed to create a coin that would dethrone BTC.

The fact that ETH does not have a max supply and that it has moved to POS is not something that ensures a bright future for it (at least I think so), but the fact is that many people choose ETH as an investment only for the reason that, unlike BTC, it is much cheaper.

13
Announcements [ANN] / Re: 🛡️ MixTum.io - Premium Bitcoin Mixer | Launched in 2018
« on: May 22, 2024, 04:22:54 PM »
@paid2, this is another good way for promotion and I hope that we will fill all the slots as soon as possible. I have chosen my number, and now I can only hope that I will be lucky :)

14
Random Crypto Giveaway / Airdrop / Re: [FREE RAFFLE] 🛡️ MixTum.io - 🛡️ Prize $45 in BTC - Round #1
« on: May 22, 2024, 04:11:33 PM »
09 for me - Thanks ;)

15
News related to Crypto / Re: Peter Brandt Says Peter Schiff Criticizes Bitcoin to Attract Attention
« on: May 21, 2024, 07:00:36 PM »
Well, Peter has always been known as a gold bug, and he obviously realized that BTC can help him be in the public eye whenever he needs it. I remember that once upon a time he said that an ounce of gold would be worth $5000, but a lot of time has passed since that and that did not happen.

On the other hand, his son allegedly chose to invest in cryptocurrencies, and I remember that they once "argued" about it on social networks, although I doubted that these were honest discussions. Those who know Peter know that he will remain consistent that gold is superior to Bitcoin, or as Buffett will say until the end of his life that BTC is a "mirage" or "rat poison squared".

Pages: [1] 2 3 ... 33
ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod