Big Names bring Big money into Crypto!

Once again we observe how easy it is to manipulate crypto market, having a reputation in the world of business and commerce. 

George Soros, who literally 2 months ago was actively criticizing crypto, announced that he would now deal with it. After his first statement the price of bitcoin fell sharply, after the second - it grew. The most interesting thing here is that given the fact that Soros changes his attitude to the crypt like gloves, he can say at least tomorrow that he sold all the crypto-active items and again start to heat crypto.

Last Friday, Venrock forged a partnership with cryptocurrency investor group CoinFund, according to a company official blog post. Venrock represents the venture capital arm of the more famous Rockefeller Foundation. Named after the renowned John D. Rockefeller, Venrock is seemingly following Soros' footsteps by entering the cryptocurrency space. The company is set to provide the Rockefellers with a ready-made list of unique cryptocurrencies the fund already has stakes in. On a tweet Coinfund stated:

"We are excited to partner with @pakman and @Venrock for our work in #decentralization and #blockchain!"

In the meantime, bitcoin domination has stopped around 45%, which does not bode well at all: usually in such a situation (when the domination does not change), overall capitalization is slowly falling. 

Nevertheless, according to the fundamental analysis, everything is in order: in addition to the statement of Soros, the Securities and Exchange Commission (SEC) began to consider the proposals of the two exchange investment funds (ETF). Last month Chris Concannon (CBOE president) wrote a letter to the Commission asking to consider Bitcoin ETF offers as casual, and not as a class of products. In addition, he noted that CBOE has successfully completed several futures contracts and stated that bitcoin markets are developing rapidly and will soon be able to guarantee ETF.

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Sheeple 9:44 PM  1 comment

Ontwikkelings in die Kripto-valuta Wêreld 11 Feb 2018

11 Feb 2018

Hier is 'n voorbeeld: Kom ons sê dat jy $ 1 000 per week insit om ether te koop. 1 maand gelede toe die etherprys $ 1200 was, kon jy 0,83 eter koop. 1 week gelede toe eterprys $ 900 was, kon jy 1,11 ether koop met die $ 1.000. Hierdie week, met eterprys wat so laag is as $ 570, kan jy 1,75 eter koop met dieselfde hoeveelheid geld.

Jy koop minder wanneer die mark hoog en meer is, as wanneer die mark dael, effektief word meer in die dip gekoop. Oor 'n voldoende tydperk, as jy jou posisie geleidelik opbou, maak dit nie saak veel wanneer jy die mark betree het.

Ons het te veel mense gesien wat bekommerd raak rondom die hoogtepunt , wat gesien kon word aan die hoveelhede verkoop toe die markte neergestort het. Dollar-gemiddelde is 'n goeie manier vir mense om hul emosie opsy te sit sodat hulle die mark kan betree sonder om te bekommer oor die stand van die mark.

Die regstelling duur voort in die vyfde week. Die mark van kriptokurrency het tot $ 277 miljard gedaal voordat dit teruggekeer het tot $ 387 miljard om die week te beëindig.

In die vorige week het Bitcoin 6% gedaal tot $ 7,900 en Ether het met 9% gedaal tot $ 790. Die ongeluk het gister gekom toe Bitcoin tot so laag as $ 6 000 geval het en Ether het tot so laag as $ 570 gedaal. Die mark het vinnig herstel, maar het teen die einde van die week weer swakker geraak.

Ek dink ons is op die Veilige kand van die Regstelling. My voorstel: Koop nou meer om jou gemiddelde koste af te bring van huidige beleggings.

Hong Kong Orders Exchanges to Delist Securities Tokens: https://www.coindesk.com/hong-kong-orders-crypto-exchanges-delist-tokens-deemed-securities/    BitGrail Cryptocurrency Exchange Becomes Insolvent After Losing $170 Million: https://www.bleepingcomputer.com/news/cryptocurrency/bitgrail-cryptocurrency-exchange-becomes-insolvent-after-losing-170-million/  Coinbase Crypto Exchange To Roll Out Long-Awaited SegWit Upgrade In ‘Few Weeks’: https://cointelegraph.com/news/coinbase-crypto-exchange-to-roll-out-long-awaited-segwit-upgrade-in-few-weeks  India’s Tax Department Issues Notices to 100,000 Crypto Investors: https://news.bitcoin.com/111541-2/  Senate cryptocurrency hearing strikes a cautiously optimistic tone: https://techcrunch.com/2018/02/06/virtual-currencies-oversight-hearing-sec-cftc-bitcoin/  Crypto’s go-to wallet forked as MyEtherWallet co-founder launches rival service: https://techcrunch.com/2018/02/09/myetherwallet-fork/

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Sheeple 9:48 PM  No comment

Katastrofiese Januarie vir Kripto Markte

Maar om dinge in perspektief te sien is van uiterste belang.

Dit is nie lekker om nou die cryptocurrency grafieke te kyk nie. Dit is nou as jy in verskillende skakerings van die kleur "rooi" is. Alles het gedaal met nagenoeg 20% ​​of meer. Dit is hoofsaaklik omdat die Bitcoin-waarde beduidend gedael het. Ons het nooit 'n groot Bitcoin-prysregstelling gehad nadat ons $ 19,000 bereik het nie. Persoonlik dink ek tot $ 9,000 sal meer as regverdig wees, maar net die tyd sal leer hoe dinge nou gaan ontwikkel. Vir nou lyk $ 11.500 na die onderkant van die regstelling.

Die Suid-Koreaanse nuuswebwerf Yonhap het berig dat Dong-yeon aan 'n plaaslike radiostasie gesê het dat die regering met 'n reeks maatreëls sal kom om die "irrasionele" cryptocurrency-beleggingsgejaag te bekamp.Die Suid-Koreaanse nuuswebwerf Yonhap het berig dat Dong-yeon aan 'n plaaslike radiostasie gesê het dat die regering met 'n reeks maatreëls sal kom om die "irrasionele" cryptocurrency-beleggingsgejaag te bekamp.Bitcoin het Dinsdag soveel as 14% gedaal om 'n tydperk van vier weke laagtepunt van $ 12 000 te behaal, aangesien vrese gegroei het ten opsigte van 'n regulerende onderdrukking ná berigte dat die minister van finansies van Suid-Korea het gesê dat die verbod op handel in kriptokurwes nog steeds 'n opsie was.

Met alle munte wat in die dieprooi gaan, is dit duidelik dat 'n interessante situasie geskep word. Baie swak hande gaan oor na paniekverkope. Dit is hoofsaaklik die mense wat die afgelope ses maande slegs in kriptokurrency betrokke geraak het. Baie geld het die ekosisteem binnegekom, wat tot meer gewelddadige ineenstortings sal lei. Dit is die natuurlike orde van dinge, veral na die jaar soos ons onlangs gehad het. Selfs nou is die totale markkapitalisasie nogsteeds 1,000% hoër as in Januarie 2017. .

Soos 'n mens sou verwag, neem sommige geldeenhede veel meer van 'n daling as ander. XRP, Stellar, TRON, Qtum en Raiblocks het almal verliese van meer as 25% gesien. Selfs Bitcoin is drasties af, hoewel hierdie verlore waarde in 'n kwessie van blote dae verhaal kan word. Of enige van die alternatiewe kripto eenhede sal terugbons, al dan nie, moet nog gsien word. Alles is ongelukkig aan een of ander manier gekoppel aan Bitcoin. Wees verseker ons sal meer bloed in die water sien voordat hierdie week verby is.

Ek  glo die daling kan ook grootliks toegeskryf word aan die besteding van ekstra tyd en geld oor die Desember-vakansie op kripto. Januarie is maar tradisioneel 'n maand waarin beleggings noodgedwonge gedeeltelik gelikwideer word om skulde te betaal.

Vir nou is daar geen rede om te veel bekommerd te wees as 'n cryptocurrency houer is nie. Dinge sal weer optel en nuwe alledaagse hoogtepunte sal binnekort geskep word. As dit gebeur, word al die huidige lomp momentum alles derhalwe vergete. Hou vas aan alles wat jy besit en wees geduldig. Dit is makliker gesê as gedaan, maar daar is nou geen rede om teen 'n verlies te verkoop nie. As u dit doen, sal u uiteindelik terugkoop teen 'n verlies, wat nie die beste aksie is nie. Vlugtigheid op hierdie skaal is heeltemal normaal in die kriptokurrency industrie. Dis nie lekker nie, maar mense sal uiteindelik daaraan gewoond raak.

Dalings in die geldeenhede kan bestuur word, deurdat mens argumentshalwe eerder aankoop in Ethereum, en dan op lae prysvlakke te begin inkoop op munte met lae relatiewe waarde. 'n Geleentheid soos ek daarna kyk.

Warren Buffet het altyd gese, wees versigtig as ander optimisties is en wees optimisties as ander paniekerig raak.(Sic) :)

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Sheeple 10:19 PM  No comment

How to buy Ripple(XRP) in South Africa

One of the problems which most investors of Ripple coin investors face is the problem to buy Ripple coin with bank, debit card and credit card. There is very limited cryptocurrency exchange services platform which allows you to purchase Ripple coin directly by paying money through Credit or Debit card. Mostly, the website required you to purchase Bitcoin first and then convert them into Ripple coin. Due to double transition, you lost some coin because the rate of BTC changed very fast, second, you have to pay double transaction and exchange fee; first, the fee to change USD to BTC and then BTC to XRP. But Changelly has solved this issue.

Changelly Voted Best CryptoCurrency Exchange For 2017 Read Our Review

Changelly is a popular cryptocurrency exchange website which is specially created for the digital currency. Changelly was founded in 2013. In the start, it was not very popular because the digital currencies were not very popular in 2013. But with the popularity of digital currencies and interest of people to invest in digital currencies like Ripple coin and Bitcoin, the Changelly also got equal popularity.

Changelly has introduced a new option to the investors which allow them to buy Ripple XRP coin or any other types of the coin which supported by their company simply by paying through Credit or Debit card. This is the main reason which made Changelly one of the most popular cryptocurrency exchange websites. They are offering this option to all type of digital currency.

The process of purchasing Ripple coin with a Credit card through Changelly is not difficult. It takes no more than few seconds to few minutes to get Ripple coin in your Ripple wallet.

Requirements to buy Ripple coin with Credit or Debit Card:

There is not much requirement for this purpose. All you need to be a registered user on Changelly website(Which is totally free) and you must have a Ripple wallet address to receive the Ripple coin. The Ripple wallet account can be created on CoinPayment for free. They charge a fee only when you make a transaction.

Step by step guide to buying Ripple XRP Coin on Changelly with Credit Card:

Follow these steps to buy XRP by paying through Debit card or Credit card,in Bitcoin or EFT:

Step 1: Register on the website:

Registration on Changelly is totally free for all investors. The website will charge a fee only on transactions. There is no fee to create and maintain an account on Changelly. To register on Changelly, you need to click on Sing up button which can be found on the top of the website, on the right-hand side. For registration purpose, you need to have a valid email ID where the website will send you your username, password, and other details.

Step 2: Select the currency:

Once you register on the website and follow the guide by creating your profile, the next step is to buy Ripple coin with Credit/Debit Card. For this purpose, you need to visit the home page of Changelly. From there you need to select the currency you want to purchase e.g. Ripple Coin (XRP) and enter the amount in USD in other bar. Once you done with this, click on exchange button. If you are already login to the website, it will take you the payment process page; otherwise, it will ask you to log in on Changelly first.

Step 3: Confirm your order:

On this page, you need to confirm your order by checking the amount in USD and XRP. You will get other information on this page including estimated time of arrival of XRP in your Ripple wallet. Click next if you agree with this.

Step 4: Enter the Ripple wallet address:

You need to create a Ripple wallet (some wallets give you Destination Tag to complete the transfer safe), where you would like to receive your Ripple coin. You can use CoinPayments network for this purpose because it is free and charge a very low fee on every transaction. (For long term investment i high recommend Ledger Nano S wallet,For more information about Best Ripple XRP . Once you enter the address of your wallet and destination tag, you need to click on Next button to proceed.

Step 5: Confirm the information:

Changelly will ask for the confirmation before making the process. Look on the detail, if everything looks fine, click on the button called “Confirm and Make Payment”.

Step 6: Enter the Credit card details:

In the previous step, your transaction has been created to buy Ripple coin with your Credit or Debit card. Simply, click on Pay With Visa/Master Card button and enter your card details with valid thru and CVC details. Click on Pay button which will also show you the amount which you have to pay.

Step 7: Confirm your payment by SMS:

For this confirmation, you need to enter your phone number. You will receive a 4 digit code on your mobile for this purpose. If you do not receive the call, you can use the alternative way for the verification purpose. For this purpose, you must have a camera on your computer or mobile through which you are buying the Ripple coin. You will need to record a video by holding your passport with the picture in your hand. You will receive the code within 15 minutes if you choose the second option on your computer screen.

Step 8: Receive your Ripple coin:

Once you entered the four digit code, your transaction will be processed. It may take from 5-30 minutes to receive Ripple coin in your Ripple wallet.

The time of receiving Ripple coin in your Wallet also depends on the wallet website. If you choose Coinpayments as your Ripple coin, the process time will be very fast. Also, keep in mind that the first transaction on any website takes time because on the first transaction the company verifies the identity of the person to minimize the chances of fraud.

Different websites have different policies when it’s come to purchase Ripple XRP coin due to which the process could be time taking but Changelly does not have any complex process of purchasing Ripple coin with Debit or Credit Card, so as compared to other cryptocurrency websites, the process on Changelly is relatively fast.

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Sheeple 4:29 PM  No comment

South Africa Wants to Track and Tax Bitcoin Trading

It’s said that nothing in this world is certain, except death and taxes. And at least for the latter we can be sure that the powers-that-be are not going to let this change without a fight. The latest country now known to be looking at taxing bitcoin trading is South Africa.

South Africa Wants to Track and Tax Bitcoin Trading Bitcoin use has been rapidly growing in South Africa, mostly for trading, becoming so popular people can even pay their driving tickets with the cryptocurrency. This has prompted the South African Revenue Service (Sars) to explore ways to ensure it gets its cut from all the action. The agency is reportedly in talks with leading international technology companies to find an efficient method to track cryptocurrency trading in the country for taxing proposes.




Dr Randall Carolissen, Sars group executive for research, said: “As you can imagine it is very difficult – the blockchain technology. Without revealing too much – we are talking to some of the top technology companies in the world that are doing similar work for Canada and the UK and we are hoping to get that technology.”

He added that the agency is also solidifying its connection with the South African Reserve Bank (SARB), the country’s central bank, to see how they can better match cross-border outflows and inflows of money to try and make sure people have less “room to hide things.”

International Cooperation

South Africa Wants to Track and Tax Bitcoin Trading. Dr Carolissen explained that “At the moment, we are treating cryptocurrency in the same way as capital realisation – so in other words, it is like a Krugerrand. If you buy it at a particular point and you then sell it, you will be faced with a capital appreciation and then we will treat it as Capital Gains Tax.”

The South African tax man revealed that Sars is working with similar agencies from different countries on implementing new policies for tackling the issue via the Organization for Economic Cooperation and Development’s (OECD). This collaboration is said to provide them with detailed recommendations for handling cryptocurrencies.

“We were part of the OECD working groups and that has certainly been incorporated into our policy environment. So we are on top of it. In fact, South Africa is cited as one of the leading implementers of this cryptocurrency environment,” Carolissen said.

The international interest is not surprising considering we have only recently seen the U.S. IRS, South Korea’s National Tax Service and the Income Tax Department of India involve themselves with bitcoin. It is not clear what each regulator can do to track trading involving at least one party from their country, other than force local exchanges to report all transactions and compel citizens to reveal all their trades.

Are tax authorities around the world going to be able to track bitcoin trading soon? Share your thoughts in the comments section below!

source: bitcoin.com
Avi Mizrahi: Economist and entrepreneur who has been covering Bitcoin as a journalist since 2013.

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Sheeple 1:38 PM  No comment