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Topics - Zurcemozz

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16
As the tax deadline draws closer, crypto investors will need to review their losses and gains related to their Bitcoin and altcoin holdings, and determine if they are required to report them on their taxes.

However, according to a recent Twitter poll, the vast majority of crypto investors are refusing to report their taxes, and are willing to risk stiff penalties should the Internal Revenue Service (IRS) discover the unreported earnings.

Crypto Investors Say “No Chance” to Reporting Taxes
This coming Monday is the tax deadline in the United States, a time when procrastinators scramble to the post office in hopes of getting their last minute tax reporting time-stamped before the deadline has passed.

According to a new poll shared on Twitter by crypto-focused Youtube personality Crypto Wendy O, crypto investors are refusing to report their crypto taxes. The poll revealed that 81% of all respondents replied with “not a chance” when asking what the status of their crypto taxes were.

Related Reading | Poll Reveals Majority of Crypto Investors See Bitcoin Price at $100,000 to Millions Long-Term

5% said they “will start next week”, which is the day the deadline is up, while 15% of crypto investors reveal they are “currently doing them.” The poll strangely omits an option for crypto investors who have already completed their tax returns.

Following last year’s bear market, many investors in Bitcoin and other cryptocurrencies may have more realized losses than gains, however, taxpayers are still required to report any losses on capital asset transactions that they made within the tax year, regardless if it was a gain or not. Failing to properly report taxes can lead to penalties or jail time.

Read more: https://www.newsbtc.com/2019/04/12/overwhelming-majority-of-bitcoin-and-crypto-investors-refuse-to-report-taxes/

17
Market Wrap
As expected crypto markets are finally dumping as we end the week. Over $16 billion has been lost as markets fall from their 2019 high back to $170 billion or so. Bitcoin initiated the dump but so far has remained above key support levels. It is the altcoins that are bleeding today.

Bitcoin fell below $5,000 for the first time in a week and settled at $4,950 before recovering slightly. The failure to break resistance at $5,400 has sent BTC back down as it drops around 4% on the day. Many had predicted this pullback and foretell further losses back to major support at $4,600 where the 200 day moving average is.

Ethereum has fallen harder as expected with a drop of 5% back below $165 again. There was no push to $200 for ETH which is still rising and falling along with its big brother. The gap between it and XRP in third is now much larger though at almost $4 billion market cap.

The top ten is a sea of red during today’s Asian trading session. The altcoins are getting hammered, some by double digits. Litecoin is losing 9% today as it falls back to $77, EOS and Bitcoin Cash are not doing a great deal better with 24 hours loses of 6 – 7 percent. Stellar and Cardano have both dumped 5% as Tether moves back up the chart.

The top twenty is awash with equal pain as Bitcoin SV, Ontology and Maker dump ten percent a piece. Close behind is Tron, NEO and Ethereum Classic with losses of over 6% on the day.

Read more: https://www.newsbtc.com/2019/04/12/crypto-market-wrap-16-billion-selloff-begins-where-will-it-end/

18
Is The Bull Run Back? Bitcoin and Ethereum Trading Volume Revisit 2017 Levels
Ever since Bitcoin’s parabolic advance was broken at the tail end of 2017, its all-time high of $20,000 has become a distant memory, and bullish sentiment and general interest has all but left the crypto market. As less investors and traders flocked to the crypto space, trading volumes across top crypto projects has diminished significantly.

Related Reading | Crypto Analyst: Higher High In Bitcoin Price Confirms Bear Market Bottom Is In

Trading volumes often drop during period of indecision, but volume can also drop as trends begin to lose their steam. It’s not until a major movement occurs, that volumes begin spiking again, often confirming a trend continuation or reversal, depending on which direction the movement goes.

Throughout the 2018-2019 bear market, volume has continually diminished. It began to ramp up during the fall through $6,000, but quickly dropped back to the low levels.

Following the longest bear market for Bitcoin on record, a major trend change occurred during last week’s rally, that took Bitcoin price from resistance at $4,200 to $5,200 in a matter of an hour. The powerful movement also brought with it a significant surge in trading volume, confirming that the move was genuine and that a trend reversal may be a reality. Certain indicators suggest the reversal to be legitimate, but bears have yet to give up as is evident in the latest pullback.

Read more: https://www.newsbtc.com/2019/04/12/bitcoin-ethereum-crypto-bull-run/

19
Major American cryptocurrency exchange Coinbase has launched Coinbase Card, that enables its United Kingdom-based customers to pay in-store and online with cryptocurrency. The development was announced in a blog post published on April 10.

The Coinbase Card is a Visa debit card powered by customers’ Coinbase account crypto balances, which allows them to make purchases with digital currencies worldwide. Coinbase instantly converts customers' cryptocurrency funds into fiat currency in order to complete the purchase.

Coinbase also released the Coinbase Card app for iOS and Android, which links customers’ Coinbase accounts with the app and allows them to choose a particular wallet to fund their Coinbase Card. The app additionally provides access to receipts, transaction summaries, spending categories, and other features. The card reportedly supports all digital assets available to purchase and sell on the Coinbase platform.

The card is issued by authorized and regulated as an electronic money institution Paysafe Financial Services Limited. Currently, Coinbase Card is available for customers in the U.K., however Coinbase reportedly plans to add support for other European countries in the near term.

Earlier this month, Visa itself published a crypto and blockchain-related job opening. The firm is ostensibly seeking someone to fill the position of Technical Product Manager at Visa Fintech at its Palo Alto office. The position’s description states that a candidate should have an in-depth understanding of distributed ledger technology and the crypto industry.

Source link : https://cointelegraph.com/news/coinbase-crypto-exchange-debuts-visa-card-for-uk-customers

20
Thursday, April 11 — after a bullish week, all of the top twenty cryptocurrencies are reporting slight to moderate losses on the day by press time, as Bitcoin (BTC) corrects down close to the $5,100 mark.

Bitcoin is down close to 2.8% on the day, and is trading at around $5,106 by press time, according to CoinMarketCap. The top coin has seen a week of near-consistent growth, hitting an multi-month price high of over $5,420 yesterday, April 10.

Today’s correction has brought Bitcoin’s weekly gains to around 3.3%.

The largest altcoin by market cap, Ethereum (ETH), has taken a price hit, down 7.8% on the day to trade at $166.23. The alt has seen a jagged trading pattern over the week, first growing to hit an intra-week high of over $180 on April 8, before faltering downward to its current price point, notwithstanding a brief spike yesterday. On the week, Ethereum remains up by 3%.

Read more : https://cointelegraph.com/news/crypto-markets-see-red-european-stocks-teeter-in-wake-of-brexit-deadline-extension

21
Crypto Winter Might Not Be Over Just Yet
The brutal, nearly 16-month long “crypto winter” might not be done just yet, according to Vinny Lingham anyway. Lingham, the chief executive of blockchain startup Civic and investor, recently issued a multi-part thread on the matter, breaking down why he believes that the ongoing rally in Bitcoin (BTC) might not be sustainable.

And interestingly, Lingham pins his thought process to a single fact: altcoins, or what the blockchain entrepreneur calls “various crypto assets” have yet to decouple from the price action of Bitcoin, the de-facto grandfather of digital assets. But why so?

As Lingham remarks, if BTC rallies or collapses, so do altcoins. While the moves are often on different magnitudes (Litecoin, I’m looking at you), overall trends are similar. This, in the eyes of the Civic CEO, who is also a partner at somewhat Ethereum-wary fund Multicoin Capital, doesn’t exactly make sense, as Bitcoin’s fundamentals, specifically the underpinning Network Value, often outpace that of other projects. He elaborates:

"This makes no sense. How can we have a situation where the market price of one asset dictates the value ascribed to other unrelated assets ,irrespective of whether or not anything changes in their own separate networks."

Read More : https://ethereumworldnews.com/crypto-ceo-bitcoin-passing-6200-spark-bull-run/

22
The Bangko Sentral ng Pilipinas (BSP) has approved three crypto exchanges, bringing the total number of approved crypto exchanges to 10. The Manila Times reported: “Melchor Plabasan, officials of the central bank, said newly approved were Bexpress, Coinville Phils, and ABA Global Phils.” Philippines growing into a powerhouse of a market for cryptocurrency businesses primarily due to favorable regulations and the rapid growth of local companies.

Source Link : https://www.ccn.com/the-philippines-central-bank-has-already-legalized-10-bitcoin-exchanges

23
Crypto Exchanges / Best Exchange To Buy Altcoins?
« on: April 09, 2019, 03:16:53 AM »
we all know that there are different exchanges here in crypto and some of them has a high price in terms of exchange, where do you think is the best crypto exchange?

24
Cryptocurrency discussions / Full time or Sideline Crypto?
« on: April 03, 2019, 02:15:34 PM »
what kind of crypto user are you? Are the full time job here or side line job?

25
Philippines (Tagalog) / Ranking system! pa help
« on: April 02, 2019, 05:32:39 PM »
Guys, pasesnya na , naiwan ko kasi to ng ilang buwan pero pag kakatanda ko dito Sr. Member na and i notice na bumaba ung rank ko, tas may nabasa ako na binago ung sistema, so I need help kung ilang post ang needed to achieve another rank. Kung may alam kayong thread pacomment below, salamat pasensya na talaga.

26
Philippines (Tagalog) / Ano pinagkakakitaan nyo ngayon sa crypto?
« on: April 02, 2019, 03:11:21 AM »
guys anong pinagkakakitaan nyo ngayon sa crypto ? pasama naman ako tambay ako halos ilang buwan eh

27
Cryptocurrency discussions / Avoiding Emotional Behavior in Tradings
« on: November 12, 2018, 03:25:22 PM »
        In crypto, there is a lot things that we need to remember , the different aspects of emotion you can encounter when a certain time or phenomenon happened. We all know that it may conclude in Bad And Good effect.

        In Trading we can conclude that there is a good chance of getting a profit in an invested coin or worth coin, but there is also a risk about this kind of decision and may be turn into a kind of a scam. To make things right before investing in a project, always keep in mind that there are times that emotional will effects as and thats why there is some tips i've search.


Plan Making

This is like your statement of the problem in Cryptotrading. These are the question that is needed to be answered.
Do you have sufficient money to spend or invest on it.
Is it okay to for you to get to use money in this kind of business
What types of crypto business you'd like to take, is it Buy and Hold, or trade

   Fear Of Losing money is the most emotional behavior that effects the crypto traders.

Research about your project you want to invest with.

Doing research about the project will surely keep you in step, looking about their whitepaper is the best thing to do. also ask yourself a question "Is this project worth"

Best Trading Exchange

There are two types of Exchange The Fiat Exchange which includes exchanging in Government Bill, paper bill etc . And the Cryptocurrency to Cryptocurrency exchange (C2C)

You should consider this one in an exchange platforms:
  • How safe is the website and server? Secure exchanges are better.
  • How is the liquidity? The higher the exchange’s volume, the better.
  • What are the exchanges fees? The lower the better.
  • How is the exchanges customer support?
  • What trading pairs are available?
  • How many different payment options does it have?
  • Is the exchange beginner friendly?



Risk what you can only Risk

You need to know how far you can go and how much can you still spend in the projects you into with, just like the PLAN MAKING, you need to know what is your limit in investing and how much can you still afford


Limit Orders

Its much better to be secured in a certain way. If you know that there is a chance that the coin might drop its much better to use this kind of technique, i.e You buy a coin at $10 and you expect it that there is chance the coin might drop, you can default your account to sell the coin if the value of it hits $9.9

Sticking in Market Charts

We all know what is the effect of Market Chart, and we all know that the price of coin is not stable and sticking to market looking for something may effect you in both and bad effects. Yes there is a time that the value of coin will pump and a get a good profit but also there's a chance that the coin is also dropping and it may cause you an emotional effect in the risk you take that can conclude a panic selling.

Links:
https://hackernoon.com/6-ways-to-keep-your-emotions-under-control-when-trading-cryptocurrencies-1ca05f504cf0
https://www.bitpremier.com/best-exchanges )


In short buying crypto may effect our emotional behavior directly. we may feel happy that we will get profit about the project we invest with, but also there is a bad effect that may we encounter, chances that are coins may turn into a scam or just a shitcoin. Drop Down your Opinion. please don't be harsh on me, I'm still trying my best to do like this. I've also posted it in other forum so that i can spread my little knowledge about it.
;D ;D HAVE A NICE AND BLESSED DAY EVERYONE ;D ;D



28
Bitcoin Forum / Bitcoin Value Price
« on: November 12, 2018, 11:58:40 AM »
How does bitcoin Value Price work, if the investor and Miners is the reason why is it still not pumping up, or no one whod like to invest on it ? any info guys, please dont be harsh

29
Cryptocurrency discussions / Twitter Banned
« on: November 02, 2018, 01:38:08 AM »
So guys, there is a lot of things happening now in Twitter and a bunch of account are being banned.
You need to use your twitter account more often other than crypto, like tweeting about anything that are not related to crypto so you can be sure to safe. Hope it helps a little

so guys whats your story and your opinion ! :)

30
Philippines (Tagalog) / Good Signature Campaign
« on: October 30, 2018, 02:57:52 AM »
so guys ayun nga, marami na kong nasalihan na signature kaso medyo tagilid lagi, ask ko sainyo guys anong magandang signature campaign natin ngayon ?

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