Buy and sell Bitcoin - Buy Ripple Canada - Bitcoin atm

Bitcoin Canadian Subreddit

Let's talk about Bitcoin in Canada
[link]

[ Bitcoin ] Sugar daddy Bitcoin scam!

Topic originally posted in Bitcoin by ellebeebee_ [link]
Hi friends, please read the whole post for full context. :)
Also, please let me know if I'm in the wrong place for this and if there's a better place to post this for advice.
________
After a recent Instagram post of myself, I received a message from a man basically complimenting me and asking to be my sugar daddy. I am looking for this type of thing so I engaged in conversation.
He said he's software engineer and currently in Vancouver working on a project where he's developing some sort of platform by which crypto currencies can be used as legal tender for business operations.
He said he's very busy and the nearest Bitcoin ATM is an hour and 45 mins away. So, he asked if I could look one up near me so I could do the exchange for him. He would give me extra to keep for my trouble and to spoil me. :)
I have gone through with this, kind of just to test it out, because if it's not a scam, this is amazing for me. He sent me photos of a cheque (which sounds sketchy) with my name on it. But each one has a different number. They also deposit fine in my account.
Red-flags / my theories:
  1. I don't believe there's no Bitcoin ATMs near him in Vancouver, which is basically the Sillicon Valley of the North. (but maybe this is just en excuse to give me money while saving his time.)
  2. Bitcoin ATMs ask if you are depositing on behalf of someone else, which alerts me that they know there are scams like this.
  3. He gives me anywhere between $200-$600 extra each time, which seems like a lot to just save yourself time. I think there's a better reason he can't do this himself, like this is dirty money and he's paying me to wash it and disassociate himself of it.
He hasn't asked me for nudes nor any personal information, just my email address. The Bitcoin ATM requests my number to send a verification code to. Other than that, I'm not sure how I can be tied to some unknown crime or be doing something illegal.
I've search Bitcoin scams and what I've found doesn't sound like what I'm doing. He's not asking me to spend any of my own money.
Please help if you have any incite on bitcoin scams, I really don't know if I'm being played or not.
Thanks for reading! :)
ellebeebee_ your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
[deleted comment]
submitted by anticensor_bot to u/anticensor_bot [link] [comments]

Sugar daddy Bitcoin scam!

Hi friends, please read the whole post for full context. :)
Also, please let me know if I'm in the wrong place for this and if there's a better place to post this for advice.
________
After a recent Instagram post of myself, I received a message from a man basically complimenting me and asking to be my sugar daddy. I am looking for this type of thing so I engaged in conversation.
He said he's software engineer and currently in Vancouver working on a project where he's developing some sort of platform by which crypto currencies can be used as legal tender for business operations.
He said he's very busy and the nearest Bitcoin ATM is an hour and 45 mins away. So, he asked if I could look one up near me so I could do the exchange for him. He would give me extra to keep for my trouble and to spoil me. :)
I have gone through with this, kind of just to test it out, because if it's not a scam, this is amazing for me. He sent me photos of a cheque (which sounds sketchy) with my name on it. But each one has a different number. They also deposit fine in my account.
Red-flags / my theories:
  1. I don't believe there's no Bitcoin ATMs near him in Vancouver, which is basically the Sillicon Valley of the North. (but maybe this is just en excuse to give me money while saving his time.)
  2. Bitcoin ATMs ask if you are depositing on behalf of someone else, which alerts me that they know there are scams like this.
  3. He gives me anywhere between $200-$600 extra each time, which seems like a lot to just save yourself time. I think there's a better reason he can't do this himself, like this is dirty money and he's paying me to wash it and disassociate himself of it.
He hasn't asked me for nudes nor any personal information, just my email address. The Bitcoin ATM requests my number to send a verification code to. Other than that, I'm not sure how I can be tied to some unknown crime or be doing something illegal.
I've search Bitcoin scams and what I've found doesn't sound like what I'm doing. He's not asking me to spend any of my own money.
Please help if you have any incite on bitcoin scams, I really don't know if I'm being played or not.
Thanks for reading! :)
submitted by ellebeebee_ to Bitcoin [link] [comments]

07-12 22:05 - 'Sugar daddy Bitcoin scam!' (self.Bitcoin) by /u/ellebeebee_ removed from /r/Bitcoin within 45-55min

'''
Hi friends, please read the whole post for full context. :)
Also, please let me know if I'm in the wrong place for this and if there's a better place to post this for advice.
________
After a recent Instagram post of myself, I received a message from a man basically complimenting me and asking to be my sugar daddy. I am looking for this type of thing so I engaged in conversation.
He said he's software engineer and currently in Vancouver working on a project where he's developing some sort of platform by which crypto currencies can be used as legal tender for business operations.
He said he's very busy and the nearest Bitcoin ATM is an hour and 45 mins away. So, he asked if I could look one up near me so I could do the exchange for him. He would give me extra to keep for my trouble and to spoil me. :)
I have gone through with this, kind of just to test it out, because if it's not a scam, this is amazing for me. He sent me photos of a cheque (which sounds sketchy) with my name on it. But each one has a different number. They also deposit fine in my account.
Red-flags / my theories:
  1. I don't believe there's no Bitcoin ATMs near him in Vancouver, which is basically the Sillicon Valley of the North. (but maybe this is just en excuse to give me money while saving his time.)
  2. Bitcoin ATMs ask if you are depositing on behalf of someone else, which alerts me that they know there are scams like this.
  3. He gives me anywhere between $200-$600 extra each time, which seems like a lot to just save yourself time. I think there's a better reason he can't do this himself, like this is dirty money and he's paying me to wash it and disassociate himself of it.
He hasn't asked me for nudes nor any personal information, just my email address. The Bitcoin ATM requests my number to send a verification code to. Other than that, I'm not sure how I can be tied to some unknown crime or be doing something illegal.
I've search Bitcoin scams and what I've found doesn't sound like what I'm doing. He's not asking me to spend any of my own money.
Please help if you have any incite on bitcoin scams, I really don't know if I'm being played or not.
Thanks for reading! :)
'''
Sugar daddy Bitcoin scam!
Go1dfish undelete link
unreddit undelete link
Author: ellebeebee_
submitted by removalbot to removalbot [link] [comments]

Bitcoin-Friendly Countries

Bitcoin-Friendly Countries
Cryptocurrencies are a new asset that appeared only in 2009 with the first decentralized cryptocurrency – Bitcoin. The authorities of most countries haven’t managed yet how to develop its regulation, but there are already those who have introduced a strict prohibition against digital money, and those who have legalized cryptocurrencies in full.
by StealthEX
Today we prepared for you the list of some of the most Bitcoin-Friendly countries, where blockchain technology is closely intertwining with the life of ordinary people.

The United States of America

From the very beginning, the USA has been one of the pioneers of building the crypto-friendly society. Not surprisingly the United States has the largest number of crypto users and the largest number of Bitcoin’s ATMs in the world.
Today a lot of blockchain startups are working in Silicon Valley like BlockCypher, ThunderCore, Blockstream, CipherTrace, Cryptanna, MakerDAO, Coinbase and many others.

Canada

Canada can boast of two cities that are considered as “Bitcoin hubs” Toronto and Vancouver. Cryptocurrency itself is regulated by laws against money laundering and terrorism financing in Canada.
In this country there is a very lively crypto community and many blockchain startups like Decentral, Vanbex Group were launched here. Nowadays thousands of organizations accepting BTC and other cryptocurrencies for payment are located in Canada.

The United Kingdom

The UK is considered one of the world’s leading financial and innovation centers. Therefore, in this country, there are also numerous blockchain-related projects. The United Kingdom is sure that the popularization of a new payment solution is inevitable and now preparing for the massive adoption of cryptocurrencies. Nowadays you can easily order a pint of beer in some local pubs and pay for it using BTC.
Moreover, the Bank of England is closely monitoring cryptocurrency technologies and even asked the public to put forward ideas on how to improve their monetary constitution. Currently, Bitcoin is regarded as “private money”, where VAT is collected in the usual way from suppliers of any goods or services sold.

Netherlands

This country can be proud not only for being Bitcoin-friendly but also for having its own “Bitcoin City” called Arnhem. Here, almost everything can be purchased using crypto coins, including gas, housing, bicycles, and even dental services.
At the legislative level, cryptocurrencies are not yet regulated in accordance with the Dutch Financial Supervision Act, and as a result, numerous blockchain startups and even the Bitcoin Embassy in the center of Amsterdam have occurred.
In addition, the country’s banking sector, including ABN AMRO Bank and ING, is increasingly considering blockchain technology as a way to improve their own system and reduce costs. Netherlands is a regular participant in conferences regarding the development of Bitcoin.

Japan

Many people believe that this is the birthplace of the famous Satoshi Nakamoto – the creator of Bitcoin. The country is the first and only one that has a proper legal system regulating the trade in digital currencies.
Moreover, the authorities of this country are considering launching Japan’s own national cryptocurrency – digital Yen. Today Japan is of the largest cryptocurrency market.

Malta

In February 2018, the Government of Malta decided to support blockchain-related projects, cryptocurrencies, and ICOs. That’s why many companies are considering moving to this paradise blockchain-island. At the same time, Malta is one of the leaders in online gaming and there are many implemented projects that connect blockchain technology with the gaming industry.

Sweden

Sweden is among countries that want to eliminate paper money in favor of 100% digital currency. The Swedish Financial Supervisory Authority (Finansinspektionen) has legitimized the fast-growing crypto industry by publicly announcing Bitcoin (and other cryptocurrencies) as a means of payment.
Sweden is home to numerous blockchain-based startups, including Safello, Starflow, Norbloc, Strawpay.

Switzerland

Historically, Switzerland has always been famous for the level of its banking system and banking secrecy, so it is not surprising that the authorities of this country didn’t prohibit the circulation of digital currencies.
This country has become a kind of “tax haven” for cryptocurrencies. That’s why many blockchain startups started here and organize the headquarters of their business.

Estonia

This small country is also open to innovative technologies. The government implemented blockchain technology to the healthcare system, banking services and even management, allowing its citizens to be among the first to use municipal and state services via the Internet. With one of the highest levels of Internet penetration in the world, Estonia has a good opportunity to become cryptocurrency capital of Europe.
All the listed countries have demonstrated their hospitality to cryptocurrencies. But of course this is not the comprehensive list and as the crypto community will continue to grow the more countries will be ready to use the advantages of blockchain technology.
We will be delighted to know your thoughts on Bitcoin-friendly countries.
Hit your comments below.
Original article was posted on https://stealthex.io/blog/2020/05/22/bitcoin-friendly-countries/
submitted by Stealthex_io to u/Stealthex_io [link] [comments]

AES-256 Encryption and similar Integer derivation algorithms ARE NO LONGER SECURE !!!!

In 2016, I wrote about a group of Students at the University of Toronto (i.e. in Toronto, Canada) on a website called AboveTopSecret titled:
,
We can finally break the WikiLeaks Insurance Files! University-of-Toronto Encryption Discovery:

http://www.abovetopsecret.com/forum/thread1120355/pg1
,
This group of students found out they could map the decryption key operations within the AES-256 encryption algorithm as RGB and Greyscale values displayed as a grid of pixels of various axis widths and axis heights. These students seem to have found HIGHLY SPECIFIC EVIDENCE that certain classes of AES encryption keys would correspond to derivable text inputs that corresponded to graphically-based Quadratic curves, simple elliptic curves and logarithmic curves that have a repeatable and provable mathematical relationship to the position and value of ASCII and UNICODE characters within actual and nearby plaintext inputs when the operations of an AES-256 encrypt operation is mapped as a series of bitmaps.
,
This means that certain input text containing characters of a specific ASCII and/or UNICODE value would create encrypted output data, that when graphed as 2D-XY and 3D-XYZ images and animation, create visible curves that would show up onscreen, and when back-propagated, would then correspond to specific characters within an encryption key! In consultation with certain members of the mathematics community within Canada (I'm Canadian!), my initial reporting was met with some significant skepticism within the Reddit community and the general computer science community. After this period and over a series of months (which turned into years!), I was able to confer with some computer science students and graduates in Vancouver, Canada who became convinced of the VALIDITY of my claims AFTER a series of demonstration rendering programs were designed and run which "rendered" the operations of AES-128, AES-192 and AES-256 as a series of real-time video imagery files.
,
After numerous discussions and design meetings with these individuals, we were able to collectively design and code (in C++) some breakthrough shortcuts which allowed us to use common vector-based line and curve detection programs run against the output imagery such that we could actually pattern-match and then correspond SPECIFIC input AES-256 encryption key characters and input key lengths to SPECIFIC plain text and SPECIFIC AES-256 encrypted output.
,
The specific outcome of our research SEEMS to allow us to shortcut the hard decryption process such that the 2-to-the-256th-power number of possible AES-256 key combinations, can be brought down to BELOW 2-to-the-128th-power key combinations which is VERY brute-force computable on a modern (2019) GPU-based grid network of less than 16GPU card's.
,
We have decided to TEST our theories and source code upon the following AES-256 encrypted Wikileaks Insurance Files:
.wlinsurance-20130815-A.aes256 (3.32 GB):,HA256 Hash: 6688fffa9b39320e11b941f0004a3a76d49c7fb52434dab4d7d881dc2a2d7e02
,
.wlinsurance-20130815-B.aes256 (46.48 GB):,SHA256 Hash: 3dcf2dda8fb24559935919fab9e5d7906c3b28476ffa0c5bb9c1d30fcb56e7a4
,
.wlinsurance-20130815-C.aes256 (325.39 GB):,SHA256 Hash: 913a6ff8eca2b20d9d2aab594186346b6089c0fb9db12f64413643a8acadcfe3
,
We EXPECT that passwords (not listed here!) which were previously sent to us and then shared elsewhere on the Reddit website may actually have some significance, but we are currently DISREGARDING them to ensure a valid scientific test and inquiry.
,
We will update the general public on this Reddit site as we find LIKELY candidates for the decryption keys. If we DO FIND the ENTIRE decryption key sets for ANY or ALL the Wikileaks Insurance files, we will IMMEDIATELY disclose them here and on multiple OTHER websites and to world-wide news organizations! So, please do download the Wikileaks Insurance Files NOW !!! And make sure you run the HASHING algorithms on them to make sure the downloaded files MATCH the above hash signatures! Then wait for our decryption key disclosures. Based upon current estimates, we MIGHT see some success by mid-to-Late-December 2019 up to February 2020, but we are NOT SURE AS OF YET how long this will truly take! We will update you on our progress over the next few months. BUT since this “discovery” was made, we have recently heard within various “SigInt Grapevines” and Cryptologic rumour mill circles that it seems just such a technology as we describe above IS ALREADY being used to break much encryption AND BREAK secure hashing algorithms such as SHA1, SHA2, SHA3, etc.
,
THIS HAS IMPLICATIONS for the security and veracity of various crypto-currencies such as Bitcoin, Litecoin, etc. If we CANNOT trust the VERACITY of blockchain systems’ public accounting services, it means ANYONE who has such digital currency holdings AND/OR who has data encrypted using any type of RSA-style and/or Feistel Network-based or singular-curve-based encryption (i.e. AES-256, Blowfish, TwoFish, ThreeFish, CAAST, Elliptic Curve, etc) IS NOW INSECURE and needs to have their encrypted data and crypto-currency holdings revisited!
,
It is MY OPINION based upon 30+YEARS of coding experience that this discovery of using edge and curve detection on graphed AES-256 and OTHER internal encryption algorithms’ operations IS A VIABLE MEANS to derive and determine “Islands of Probability” for likely decryption keys that can be then brute force attacked by inexpensive GPU-based grid processing systems to get the ORIGINAL decryption keys! When you can bring down the impossible-to-compute 2-to-the-256th-power combinations DOWN TO a much more manageable 2-to-the-128th-power combinations, THAT IS A VERY SERIOUS ISSUE THAT NEEDS to be discussed within computer security circles as it affects EVERYTHING from online and ATM banking, to online and card-based payment services to BASIC internet SSL2-based web browser communications systems and even the basic security of your cars and trucks which NOW TEND to have keyless remote entry and startup!
,
Home and Business Systems and Services? This AFFECTS ALL OF THAT !!!
,
I will update this story as I get more information..
submitted by StargateSG7 to privacy [link] [comments]

Nuvmining | What Is Bitcoin, How Is It Various Than "Real" Cash and also How Can I Get Some?

Bitcoin is a digital money. It does not exist in the kind of physical type that the currency & coin we're used to exist in. It does not even exist in a type as physical as Syndicate cash. It's electrons - not molecules.
nuv mining
Yet consider just how much cash you directly handle. You obtain an income that you require to the bank - or it's autodeposited without you even seeing the paper that it's not printed on. You after that utilize a debit card (or a checkbook, if you're old school) to access those funds. At finest, you see 10% of it in a money form in your pocket or in your pocketbook. So, it turns out that 90% of the funds that you take care of are online - electrons in a spreadsheet or data source.
nuvmining
However delay - those are UNITED STATE funds (or those of whatever nation you come from), safe in the financial institution and also ensured by the complete belief of the FDIC approximately about $250K per account, right? Well, not exactly. Your banks might just called for to maintain 10% of its deposits on down payment. In some cases, it's much less. It offers the rest of your cash bent on other individuals for approximately thirty years. It charges them for the funding, and also costs you for the advantage of letting them offer it out.
Just how does money obtain developed?
Your financial institution reaches produce money by offering it out.
State you deposit $1,000 with your bank. They then lend out $900 of it. Unexpectedly you have $1000 as well as another person has $900. Magically, there's $1900 floating around where prior to there was only a grand.
Currently claim your bank instead offers 900 of your dollars to another financial institution. That financial institution in turn lends $810 to an additional financial institution, which after that offers $720 to a client. Poof! $3,430 in an immediate - virtually $2500 produced out of nothing - as long as the bank follows your federal government's central bank rules.
Production of Bitcoin is as different from bank funds' creation as cash money is from electrons. It is not managed by a government's reserve bank, but rather by consensus of its customers as well as nodes. It is not developed by a restricted mint in a structure, however rather by dispersed open source software program and computer. As well as it needs a type of real work for production. Extra on that particular shortly.
Who created BitCoin?
The very first BitCoins remained in a block of 50 (the "Genesis Block") created by Satoshi Nakomoto in January 2009. It really did not really have any type of worth initially. It was simply a cryptographer's toy based on a paper published two months earlier by Nakomoto. Nakotmoto is an evidently imaginary name - nobody appears to know that she or he or they is/are.
That monitors everything?
Once the Genesis Block was developed, BitCoins have actually because been produced by doing the work of keeping track of all deals for all BitCoins as a kind of public journal. The nodes/ computers doing the computations on the journal are awarded for doing so. For each collection of effective calculations, the node is rewarded with a specific quantity of BitCoin (" BTC"), which are after that freshly produced right into the BitCoin community. For this reason the term, "BitCoin Miner" - because the procedure develops new BTC. As the supply of BTC increases, and also as the number of transactions boosts, the job essential to update the public ledger gets harder and also much more complicated. As a result, the variety of new BTC right into the system is created to be concerning 50 BTC (one block) every 10 minutes, worldwide.
Although the computer power for mining BitCoin (as well as for upgrading the public ledger) is currently boosting exponentially, so is the intricacy of the mathematics problem (which, incidentally, additionally needs a certain amount of thinking), or "evidence" needed to mine BitCoin as well as to settle the transactional publications at any type of provided moment. So the system still only generates one 50 BTC block every 10 minutes, or 2106 blocks every 2 weeks.
So, in a sense, everyone tracks it - that is, all the nodes in the network keep track of the background of every single BitCoin.
Just how much is there and also where is it?
There is a maximum variety of BitCoin that can ever before be produced, and that number is 21 million. According to the Khan Academy, the number is anticipated to peak around the year 2140.
Since, today there were 12.1 million BTC in flow
Your very own BitCoin are kept in a documents (your BitCoin purse) in your very own storage space - your computer system. The data itself is evidence of the number of BTC you have, and also it can move with you on a mobile phone.
If that data with the cryptographic key in your wallet obtains lost, so does your supply of BitCoin funds. And also you can't obtain it back.
Just how much is it worth?
The value differs based on just how much people believe it deserves - similar to in the exchange of "real cash." Yet due to the fact that there is no central authority trying to maintain the value around a certain level, it can vary a lot more dynamically. The very first BTC were generally worth absolutely nothing at the time, however those BTC still exist. Since 11AM on December 11, 2013, the general public value was $906.00 United States per BitCoin. When I completed composing this sentence, it was $900.00. Around the start of 2013, the value was around $20.00 United States. On November 27, 2013 it was valued at greater than $1,000.00 United States per BTC. So it's kind of unstable presently, yet it's expected to calm down.
The complete value of all BitCoin - since the period at the end of this sentence - is around 11 billion US bucks.
How can I get me some?
First, you have to have a BitCoin purse. This post has links to get one.
Then one method is to purchase some from one more private party, like these individuals on Bloomberg TV. One method is to purchase some on an exchange, like Mt. Gox.
As well as finally, one means is to dedicate a lot of computer power as well as power to the process as well as become a BitCoin miner. That's well outside the extent of this post. However if you have a couple of thousand extra dollars lying around, you can obtain rather a gear.
Exactly how can I spend it?
There are numerous vendors of all sizes that take BitCoin in payment, from cafes to auto dealers. There's also a BitCoin ATM in Vancouver, British Columbia for transforming your BTC to cash in Vancouver, BC.
And so?
Money has had a lengthy background - centuries in size. Somewhat recent tale tells us that Manhattan Island was bought for wampum - seashells & the like. In the very early years of the United States, different financial institutions printed their own money. On a recent visit to Salt Spring Island in British Columbia, I invested currency that was just good on the beautiful island. The common style among these was a trust agreement amongst its customers that specific currency held value. In some cases that worth was tied directly to something strong and physical, like gold. In 1900 the U.S. connected its currency straight to gold (the "Gold Requirement") and in 1971, ended that tie.
Currently money is traded like any kind of various other commodity, although a certain nation's currency worth can be propped up or decreased through activities of their reserve bank. BitCoin is an alternative money that is also traded as well as its value, like that of various other products, is figured out via trade, yet is not stood up or lessened by the action of any kind of bank, however rather straight by the activities of its individuals. Its supply is minimal as well as known nevertheless, and also (unlike physical money) so is the history of each and every single BitCoin. Its viewed worth, like all various other money, is based on its utility and also count on.
As a form of currency, BitCoin not specifically a new thing in Production, however it absolutely is a new means for cash to be created.
submitted by Nuvmining to u/Nuvmining [link] [comments]

QuadrigaCX: A history of suspicious activity

This is a compilation of everything suspicious I found with Quadriga. Please let me know if there’s anything incorrect or missing

Early History (2013-2017)
All account fundings are considered to be purchases of QuadrigaCX Bucks. These are units that are used for the purposes of purchasing Bitcoin or other cryptocurrencies. QuadrigaCX Bucks are NOT Canadian Dollars. Any notation of $, CAD, or USD refers to an equivalent unit in QuadrigaCX Bucks, which exist for the sole purpose of buying and selling Bitcoin and other cryptocurrencies.
QuadrigaCX is NOT a financial institution, bank, credit union, trust, or deposit business. We DO NOT take Deposits. We exist solely for the purposes of buying and selling cryptocurrencies.

Banking troubles throughout 2018

Period leading up to Gerry’s death

Gerry’s death and announcement

Chain analysis of the crypto trapped in cold storage

Formal Active Investigations

References:
Quadriga’s History
CCN Article listing suspicious activity
Court Documents
submitted by crashcow51 to QuadrigaCX2 [link] [comments]

Maybe a bit of comfort for anyone who is really concerned

I will post from it solely for the sake of getting this out, don't think it'll help much, but may be a bit.

I have been around (crypto) since 2013, and at that time I was in Vancouver when the first Bitcoin ATM in Canada, as well as one of the first in the world - was installed in the waves atm. I bought some bitcoin for dirt cheap back then, which is long since sold and invested into other things. I met some very interesting people at the ATM though, and made friends quick.

Soon I was invited to check out the Bitcoin Co-Op. A local spot with a bunch of enthusiasts. One of them was Gerry, Gerald Cotten - the one maaaany of you seem to have many theories on. Gerry was a young kid, maybe 19 or early 20s. Skinny, white, no muscle, but good enough looking dude with big wavy hair. Him and Michael - can't remember his last name, were working on Quadriga. Until this time, Gerry was a serial coder making a lot of different portal sites, one of which he was proud of was "cruise dude" a site with a bunch of tips on how to get deals on cruises, smuggle booze in through gift wrapped presents, etc... he made about $60 cad a month on this site.

Gerry also had some odd health issues, He would have to travel back for doctors appointments and treatments when abroad. I never knew much and never asked, because we werent that close. Just acquanitinces within the community.

Soon, Quadriga was launched. I was using CaVirtex - which was THE behemoth Canadian exchange at the time, and then Vault of Satoshi a toronto based exchange that was sooooo soooo good. Well, I put a couple bucks on Quadriga, and was one of their first clients. I've seen exchanges COME and GO over the years, and ALL the exchanges people thought would be around forever (btc-e namely) - have come and gone.

Quadriga I always trusted, and never had an issue with. Recently Ive been travelling, and only really had some loose thumbs on this reddit to see all this shit unfold. I've got some cash on there, not a ton - but enough its gonna sting if I lose it. Yeah, I'm a bit worried.

Moral of this post is that his health issues were real. Michael did depart several years ago, and Gerry and whoever the Quadriga team is have ran this exchange. Now that Gerry is gone, and I know no one who is at the helm - there is definitely cause for concern. Quadriga is likely contemplating the recoupment of trust after all this shit has went done, but they have been and could continue to be one of the premier and early days trusted Canadian exchanges. The amount of money they made and make in fees is insane, and the team would be silly to throw that all away. My gut tells me this could fall apart, but my hope tells me its too good for them to do that, and they will fix it. Its just gonna take time.

SO - best thing to do? Treat all your money / crypto on or with Quadriga right now EXACTLY as you should be treating your money in crypto "like it's money I can afford to lose / already consider lost" - it's an investment. If it goes 100% south you know in your head thats a risk you were already willing to take.

So unplug your worries, go do something else with your life and keep a distant eye on this for news or withdrawals to show up. The times I forgot about my crypto and left it, were the best. The times I kept an eye on it every day, caused the most stress and the most stupid moves.

Alright, just wanted to post that and you guys can do what you like. Peace out!



submitted by tilleuno to QuadrigaCX [link] [comments]

Three Laws of BTC Bull and Bear Cycle and Its Applications — Freezing Point Forecast — One

Three Laws of BTC Bull and Bear Cycle and Its Applications — Freezing Point Forecast — One
📷
https://preview.redd.it/ithso6k9w7531.jpg?width=750&format=pjpg&auto=webp&s=e87d53120d9cc645b080c070afc5f9b402d56bf3
TOKEN Roll x FENBUSHI DIGITAL
Analyst: Song Shuangjie
Special Adviser: Shen Bo Rin
Guide:
The fourth price-rising cycle of BTC might commence around May 2019. The mainstream institutions join the game and ETF might be the driving force of the fourth round of price cycle.
Summary:
BTC has undergone three rounds of price cycles. ‘It is different this time’ has always been a terrible lesson for investors. The tokens, typical represented by BTC, are special in nature to other financial products, which makes it easily get mistaken that BTC will go up straightly and never decline. When the cycle power works, the asset price, which was thought to create a different history, will collapse. There are 3 major rules of the BTC price cycle:
A. BTC price cycle is closely related to its halving cycle. A complete BTC price cycle lasts for about four years. The price-rising section will commence one year ahead of the time before the output is halved. The BTC output was halved for the first time at the end of November 2012, and before that the BTC price touched the bottom in November 2011. The BTC output was halved for the second time in July 2016, as the BTC price touched the bottom in August 2015. As you can see, each time BTC output halving, is the start of a price-rising cycle, and the price speeding up begins with it.
B. BTC price fluctuation range decreases as market value increasing. The BTC’s (in circulation) market value varies with its price fluctuations, which means BTC’s price rising makes its market value increases, and the price fluctuation range decreases. It is similar to the historical process of other asset classes. During the first price cycle, the price of BTC rose by 10636 times which was the biggest gain, and the maximum drawdown was declined by 93.76%. During the second price cycle, the price of BTC rose by 623 times, and declined by 83.93% maximum. During the third price cycle, BTC rose by 98.57 times at most, the maximum declining has not been confirmed yet.
C. The innovation led by BTC is constantly evolving and more and more approved by the mainstream. From BTC to Altcoin, from Altcoin to Crowdsale, there are iconic innovations and applications in every price cycle. In the first cycle, the birth and gradual application of BTC was a landmark event. In the second cycle, with the re-emergence of BTC in 2013, the tide of the Altcoins was rampant, and a large number of Altcoins appeared. In the third cycle, Crowdsale began to be popular around the world, and many websites started to provide Crowdsale's news and discussion forum. Since 2017, Crowdsale has dominated the blockchain investment, far exceeding VCs and corporate investment. With the development of blockchain technology, the evolution of digital certification, the improvement of practitioners' awareness, and the evolution of government regulation, the innovation led by BTC has evolved and is more approved by the mainstream.
The third round of the price cycle might come to an end around May 2019, and followed by the fourth round of price cycle. The maximum rise in the BTC's fourth price-rising cycle will be smaller than last three cycles. BTC's increasing market value demands more capital. Digital token shall embrace supervision to absorb more institutional funds. ETF will be a viable solution. In the future, it will shift from Crowdsale to ETF, and from deregulation to embracing supervision.
Risk Tips: ETFs have put capital amount into this market less than that we expected. Quantum computer technology is advancing by leaps and bounds
Content
1 The First Round of Price Cycle .
2 The Second Round of Price Cycle
3 The Third Round of Price Cycle
4 Three Major Rules of BTC Price Cycle
4.1 BTC price cycle is closely related to its halving cycle
4.2 BTC price cycle is closely related to its halving cycle
4.3 BTC-led innovatioized by the mainstream
5 The new journey of BTC will Start in May 2019
List of Graphs
Graph 1: BTC Price Trend in The First Price Cycle (in USD)
Graph 2: BTC price trend in the second round of price cycle (in USD)
Graph 3: The number of tokens in 2013 has increased significantly Graph 4: BTC price trend in the third round of price cycle (in USD)
Graph 5: VIX index and BTC price are negatively correlated
Graph 6: Crowdsale has dominated blockchain investment since 2017 (millions of US dollars)
Graph 7: A large number of Crypto Funds were established in recent years.
Graph 8: ETH price trend (in USD)
Graph 9: ETH price is positively related to the size of Crowdsale financing
Graph 10: Lightning network capacity continues to grow
Graph 11: The number of lightning network channels continues to grow
Graph 12: The global Crowdsale growth rate slows down in 2018 .
Graph 13: Crowdsale’s fundraising has started to decline since 2018 .
Graph 14: Significant growth in venture capital in the blockchain sector in 2018
Graph 15: BTC block reward trend reduction
Graph 16: BTC price cycle and halving mechanism (in USD)
Graph 17: BTC market value scale trend increase
Graph 18: BTC price fluctuations become smaller
Graph 19: Admission to mainstream institutions has continued since the end of 2018
Graph 20: The third round of the price cycle may be completed around May 2019
Graph 21: The current stage of the price cycle has been probable more than half, and the downside space is limited
History doesn't repeat itself, but it does rhyme. --Mark Twain
‘It is different this time’ has always been a terrible lesson for investors. The tokens, typical represented by BTC, are special in nature to other financial products, which results in producing an idea, in some investors’ mind, that the price of BTC will go up straightly and never decline. When the cycle power works, the asset price, which was thought to create a different history, will collapse. No matter it is the A-share market of 2007 or the one of 2015, or any ‘bubble time’ in human history, the cycle power played its role. As far as BTC is concerned, its price has also experienced three rounds of cycles.
In addition, when the asset price is in a dark period of continuous decline and weak rebound, the power of the cycle also works. As long as it is a valuable asset, its price will eventually bounce back from the bottom. Opportunities have always been there, if you have an asset with high potential in hand. In the dark moments before dawn, the more you are afraid, the more you will be confused. At this time, you have to believe in the value investing. ‘Be fearful when others are greedy and be greedy when others are fearful’, not the other way around. That means, we shall invest reversely, buying undervalued assets gradually in the bottom region of price decline cycle; selling overvalued assets gradually in the top region of price-rising cycle; and following the trend in other time region of the cycle.
1 The First Round of Price Cycle
The first round of BTC price cycle lasted for 610 days, from March 2010 to November 2011, and in this cycle, BTC price rise rate was the highest of BTCs three price cycles.
The price rise stage of the first round of price cycle, from March 2010 to June 2011, lasted for 447 days. The starting price was 0.003 USD/piece, and the highest price was 31.91 USD/piece, the rise rate reached 10,636 times. The price decline section of the first round of price cycle, from June 2011 to November 2011, lasted for 163 days. In this price decline section, the starting price of BTC was $31.91 per piece, and the lowest price was $1.99 per piece. The decline rate was 94%.
On May 22, 2010, the famous BTC Pizza dealt. Laszlo Hanyecz from Jacksonville, FL, bought two pizzas with 10,000 BTCs. Each price ofBTC is less than 0.01US dollars.
In the first round of the price cycle, there is no explicit positive or negative factors causing BTC's price huge fluctuation. Fluctuations are more like in a “natural” situation. Before the first BTC bubble bursted in November 2011, its price was in a trend of increasing. The reason of rise was that the price base of BTC was very low. With the understanding of BTC gradually getting better, the demand increased, and then, the price rose. For example, June 2011, WikiLeaks and some organizations began accepting BTC donations.
https://preview.redd.it/ol9mlz0kw7531.png?width=688&format=png&auto=webp&s=7f76ac24ef02d785f56c8a770be745cfeddbb1e7
2 The Second Round of Price Cycle
The second round of BTC price cycle lasted for 1377 days, from November 2011 to August 2015, and in this cycle, the price of BTC exceeded gold for the first time.
The price rise stage of the second round of price cycle, from November 2011 to November 2013, lasted for 743 days. The starting price was $1.99 USD/piece, and the highest price was 1,242 USD/piece, the rise rate reached 623 times. The price decline section of the second round of price cycle. From November 2013 to August 2015, lasted for 634 days. In this price decline stage, the starting price of BTC was 1,242 USD per piece, and the lowest price was 199.57 USD per piece. The decline rate was 84%.
At the second price cycle, the range of application of BTC has been greatly expanded. In November 2012, WordPress began to accept BTC; and in October 2013, the world's first BTC ATM was deployed in a coffee shop in Vancouver where customers could buy and sell BTC. In November 2013, the University of Nicosia announced accepting BTC for tuition, the university's chief financial officer called it "gold of tomorrow"; In addition to some underground economy and gray economy began to accept BTC, BTC is also getting closer to daily life.
The success of BTC popularized altcoins. The first type of altcoin LTC (Litecoin) was created in October 2011, and it is the time when the BTC price came to the end of price decline. In 2011, Namecoin and SwiftCoin were born successively. In 2012, Bytecoin and Peercoin were issued, however, BTC was still in the stage of rising slowly from the bottom, and the market was not hot. Along with the re-emergence of BTC in 2013, the tide of the altcoins is rampant, and a large number of altcoins are issued. According to CoinMarketCap data, there were 66 kinds of altcoins at the end of 2013, while there were less than 10 at the beginning of the year.
The safe-haven properties of BTC are widely approved. BTC was a choice for people in many countries that are in crises. The residents flocked to BTC, hoping to maintain assets value through BTC. This phenomenon has occurred many times during the European debt crisis. For example, in early 2013, in order to get the bailout, the Cyprus government imposed taxes on deposits and imposed strict capital controls. In order to prevent property from shrinking, the Cypriot people rushed to bank runs and exchanged their currencies for BTC. The price of BTC quickly rose from 30 something to 265 US dollars.

https://preview.redd.it/slw2443lw7531.png?width=684&format=png&auto=webp&s=33181be556dbfc3a3f0e78e5c6a7674801787951
Due to the lack of supervision, BTC is often affected by negative events, which makes the market confidence in the danger of collapsing. In October 2013, the FBI seized approximately 26,000 BTCs from the Silk Road website, causing the BTC price to collapse to 110 US dollars. On December 5, 2013, the People's Bank of China banned the use of BTC by Chinese financial institutions, which made the price of BTC declined. In February 2014, Mt. Gox, the largest BTC exchange at the time, said that 850,000 BTCs of its customers were stolen, worth nearly 500 million US dollars, and BTC prices fell nearly half, from 867 to 439 US dollars.
The emergence of a large number of altcoins caused market bleeding. Since 2014, the number of altcoins has exploded. By August 2015, the number has reached 556, resulting in diversion of funds and market expansion. On May 1, 2013, BTC accounted for 94.29% of the market value of all tokens, and the market value of other tokens except the top 10 tokens was about 1%. By August 25, 2015, the proportion of BTC is about 83%, and the other tokens account for 4%, which is obvious.
No matter how magical token is, it is still a kind of asset. The mean return of value is a basic common sense of investment. The value will pull the price back to it, just like the gravity. The risk increases with the price rises, and the value appears when the price declines. In the rising section of this cycle, the price of BTC rose by 623 times, which is a great rise rate. When the price is too high, and the potential return in the future is insufficient, the attractiveness to new investors will fall, and the old investors will leave and look for more lucrative assets. Once the power of trend investors exhausted, the trend will reverse.
3 The Third Round of Price Cycle
The third round of price cycle of BTC is not over and is currently in the downward phase of the cycle. The price increased from August 2015 and lasted for 845 days till December 2017. The starting price of the price-rising cycle BTC was 199.57 USD/piece, and the highest price was close to 20,000 USD/piece. The rise rate is up to 99 times. Since December 2017, the price started to decline. The price has fallen to the lowest 3,191.30 US dollars up to now, a drop of 84%.
BTC networks expanded rapidly, and BTC has gained increasing recognition among legislators and traditional financial companies. Studies have shown that by November 2013, the commercialization of BTC is no longer driven by the underground economy, but by legitimate businesses. During this price cycle, people from more countries can get in touch with, select, trade and use BTC on a daily basis. In January 2016, Bitcoin computing capacity reached 1 exahash/S for the first time; In March 2016, the Japanese cabinet acknowledged that BTC has a function similar to real money. In 2017, Norway's largest online bank Skandiabanken integrated BTC accounts. In December 2017, Chicago Mercantile Exchange (CME) officially launched BTC futures, which is an important step for BTC to take toward mainstream investment. In October 2018, Fidelity launched its independent subsidiary Fidelity Digital Asset Services to provide digital asset services to institutional customers. In December 2018, the first round of financing was completed by the token exchange Bakkt launched by the Intercontinental Exchange. In February 2019, Nasdaq officially launched - Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX)- two indexes. The pension fund of US invests in the encryption fund, the mainstream organization is accelerating, and the relevant infrastructure is gradually improved.
BTC has become a risky asset. Under the current “three lows” environment - low interest rates, low spreads and low volatility, investors are seeking high returns, which leads to excessive financial risk behaviors and complacency, investors' risk appetite, and high leverage tools and the acceptance of high-risk products has increased, arbitrage transactions have prevailed, liquidity mismatches have been severe, and the overall market is fragile. As the results we can see that, the price of BTC is increasingly correlated with the VIX index (Chicago Options Exchange Volatility Index). A lower VIX index indicates that investors expect less volatility, while a higher VIX indicates higher expected volatility. The lower VIX index indicates that investors are optimistic about S&P 500, while the higher VIX means that investors are uncertain about the market outlook. When market volatility declines, investors buy stocks and other types of risk assets, when the market volatility rises, investors sell risky assets.
Risk assets will be dumped when risk appetite reduces panic market. BTC bid farewell to the nature of safe-haven assets and become a risky asset. Since December 2017, with the decline of the VIX index, the price of BTC rises, and the price of BTC is negatively correlated with the VIX index. At the beginning of 2018, the VIX index skyrocketed and BTC fell rapidly. In October 2018, the global market risk aversion trend increased, the VIX index went up, and the BTC price also fell sharply.

https://preview.redd.it/49ld77xlw7531.png?width=664&format=png&auto=webp&s=af5b7ff492fe7e8253640f9e6df7820a10c59f52
Crowdsale has become the main financing method in the blockchain field. Crowdsale was born in the second round of the price cycle, Mastercoin did the world's first Crowdsale in July 2013. In 2014, Ethereum also raised funds through Crowdsale, when the price of ETH was less than 0.22 USD per piece. After 2016, when it is in the third price cycle, Crowdsale is popular around the world, and many websites began to provide information and discussion communities for Crowdsale. From a global perspective, Crowdsale has dominated the blockchain investment since 2017, far exceeding VCs and corporate investment. In 2017, Crowdsale raised 7.4 billion US dollars, and in the first half of 2018, Crowdsale Raised 12 billion US dollars.
The Crypto Fund emerged. Along with the Crowdsale boom, a large number of Crypto Funds were created. The number of Crypto Funds newly established in 2017 was nearly 200, far exceeding the total amount of the Crypto funds created in previous years, which fully demonstrated that, with the rise in the price of the token, the enthusiasm of funds to blockchain field is high.

https://preview.redd.it/31badgpmw7531.png?width=659&format=png&auto=webp&s=3e7bdf4dbf07b83d405298aa57424e2b61b5d84a
The rise of blockchain 2.0, the Crowdsale tide pushed ETH up nearly 10,000 times. In the third round of the BTC (Token) price cycle, the biggest star is not BTC, but ETH. Crowdsale after 2016, issued tokens mainly through Ethereum, which represented the rise of ETH in the blockchain 2.0 era. Crowdsale prosperity boosted the rise of ETH. On January 13, 2018, the price of ETH rose to a peak of 1,432.88 US dollars per piece, which is 6512 times rise rate comparing to its initial price.
The ETH price has a significant positive correlation with the growth rate of Crowdsale financing. The growth rate of Crowdsale financing decreased by 69.23% in 2015, the price of ETH decreased by 66.30% in the same year. In 2016, the growth rate of Crowdsale financing increased by 2737.5%, and ETH increased by 753.74%. In 2017, the growth rate of Crowdsale financing increased by 3,159.91%, and ETH rose by 8809.91%.

https://preview.redd.it/ssvz3bonw7531.png?width=660&format=png&auto=webp&s=b91b15aaa7fc4333a7bf1b0bca1fb3bf7ac6fc67
Plan for public blockchain performance improvement emerged, and significant progress were made in lightning network. With the popularization of blockchains, the congestion of BTC and other public chains has gradually emerged, and performance has become one of the bottlenecks in the blockchain industry. In 2018, the performance-improvement plan of the public blockchain emerged. Improvements were made to the difference in blockchain logical architecture, including on-chain capacity expansion schemes by improving consensus mechanism and sharing, and off-chain capacity expansion schemes by status channel, sidechain, off-chain computing, and Layer 0 expansion scheme that enhance the scalability of the blockchain by optimizing the underlying data transmission protocol of the blockchain. Since the main net of BTC lightning network goes live, the number and capacity of channels have been increasing. As of March 10, 2019, the capacity has reached 790 BTC, and the number of channels has reached 35,464.

https://preview.redd.it/qfgryviow7531.png?width=660&format=png&auto=webp&s=59f8f45fb4320fcbf1dff1b50925cb9a8bfb9a7a
Note: The Unique channel refers to the channel that is directly connected to the node for the first time, and the Duplicate channel refers to the channel between the nodes that have been connected.
The standardization of the token is promoted. On January 22, 2018, South Korea required all BTC dealers to disclose their identity, thereby prohibiting anonymous trading of BTC. During the first quarter of 2018, Facebook, Google and Twitter prohibited the promotion of Crowdsale, while the US Securities and Exchange Commission investigated a large number of Crowdsale projects, and issued bans to some Crowdsale projects. Regardless of the government's attitude towards the token, it is committed to incorporating the token into the regulatory framework for legal compliance.
The Crowdsale bubble bursted and the magical story is no longer magical. According to incomplete statistics, in 2017, 871 Crowdsale were completed in the world. These projects involved directions as distributed analogous Facebook, twitter, amazon, and next-generation public chain (blockchain 3.0), etc. These projects have raised a large amount of funds, but the actual operating is worrying. The promotion of the project dissipated a large amount of funds, but the actual development progress was far less than expected, resulting in the market's expectation failure and the diversion of funds from the mainstream token. Superimposed the impact of more and more negative news, technical adjustment requirements and market sentiment fluctuation. The market enters a negative cycle, as the decline begins.

https://preview.redd.it/s51gsunpw7531.png?width=677&format=png&auto=webp&s=f3a2e01c57eece54c9d442b141194faec083350a
In 2018, there has been rapid growth in venture capital in the blockchain sector, indicating that venture capital still have good expectations about the application and future prospects of the blockchain. According to Coindesk data, the risk investment in the blockchain sector in 2018 reverse the decline of 2017, year-on-year increase of 257%, and the total amount for the year 2018 reached 3.1 billion US dollars.

https://preview.redd.it/7bujn1fqw7531.png?width=452&format=png&auto=webp&s=5719239aa4f3447b4320ea47dbe88eec766cdcae
BTC peaked first. In terms of time, in the third round of the price cycle, the first to peak is BTC, which reached 19,870.62 USD per piece in December 2017. The peak of ETH happened later than BTC, in January 2018. EOS did not peak until April. The important reason for BTC to peak first is that the amount of funds needed to support the BTC market value scale is the largest. When the market’s ability to carry on is not enough, it is inevitable for the price of BTC to react first.
4 Three Major Rules of BTC Price Cycle
The price cycle of BTC has obvious regularity, and some unchanging factors determine the price fluctuation of BTC.
4.1 BTC price cycle is closely related to its halving cycle
One full BTC price cycle lasts approximately four years. In the first round of price cycles, the measure of time span is not reliable because of the availability of BTC trading prices. The second round of the price cycle lasted for 1,377 days, from November 2011 to August 2015, about four years.
The price-rising cycle of BTC is closely related to its halving period, and the price-rising cycle starts one year before each halving. At the end of November 2012, the first production of BTC was halved, that is, the number of BTC generated by each block was 25, and in November 2011, the price of BTC has bottomed out, and the halving of BTC is one year after the second price-rising cycle. In July 2016, production of BTC was halved the second time, that is, the number of BTC generated by each block was 12.5. In August 2015, BTC had already bottomed out, and BTC's production was reduced again one year after the third price-rising cycle started.

https://preview.redd.it/9529268rw7531.png?width=445&format=png&auto=webp&s=fe1050eefe6d70403ddcdc053bdbccb0bc47818f
BTC output halving blows the horn of each price-rising cycle, and the price speeding up begin. Although it is not BTC output halving that brings the price-rising cycle, but the halving of BTC output significantly reduced the growth rate of BTC supply, speeding up the rise of BTC price and the price-rising cycle. From November 2011 to November 2012, before the halving of BTC output, BTC increased by 6.74 times in one year. From November 2012 to November 2013, BTC price increased by 99.57 times. In the third price-rising cycle, BTC price rose by a maximum of 2.87 times in about 11 months before the production cut. After halving, BTC price rose by a maximum of 29.73 times in about 11 months.

https://preview.redd.it/dft83mprw7531.png?width=687&format=png&auto=webp&s=82014d03eaee7136a6995a1b2df1faa9d22c6a5f
4.2 BTC price cycle is closely related to its halving cycle
The change in the market value scale of BTC (circulation) is mainly caused by its price fluctuations, and has little to do with the changes in the total amount of BTC output. According to CMC data, by April 28, 2013, the total amount of BTC that had been mined was about 11.18 million pieces, which is more than 53% of the total amount of BTC of 21 million pieces. The halving mechanism of BTC also accelerated the marginal decline of BTC total growth rate. Compared with the amount of BTC already mined, the new supply of BTC is very insignificant. In addition, the volatility of BTC prices far exceeds the volatility of BTC's total output, and the market value of BTC fluctuates with its price.
The market value of BTC has increased in trend. Because of the trend of BTC price-rising, the number of BTC total output has also increased in one direction, and the market value of BTC has increased in the long run. According to CMC data, on April 28, 2013, BTC's market value in circulation was only 1.5 billion US dollars. By the peak of the third price-rising cycle, the market value increased to 326.1 billion US dollars, and the current market value also reached 113.8 billion US dollars, increased by 74.87 times.
The price volatility of BTC is gradually getting smaller. With the increasing of BTC market value in trend, the BTC market is becoming more and more mature, more and more accepted by the public, more and more professional organizations are participating, the compliance operation is becoming mainstream, and the BTC price volatility is decreasing. Similar to the historical process of other asset classes, and the same thing is repeated again and again. In the first price cycle, the price of BTC increased by 10636 times, and the fell by 93.76% maximum. In the second price cycle, the price of BTC increased by 623 times, and fell by 83.93% maximum. In the third price cycle, the maximum increase of BTC price was 98.57 times, and the biggest decline has not been confirmed

https://preview.redd.it/kmk5qeesw7531.png?width=674&format=png&auto=webp&s=bf9d8fd61b833c87c3f859a3bf0f4f63b9c0ff88
4.3 BTC-led innovation continues to evolve and is more and more recognized by the mainstream
From BTC to Altcoin, from Altcoin to Crowdsale, there are iconic innovations and applications in every price cycle. In the first cycle, the birth and gradual application of BTC was a landmark event. In the second cycle, with the re-emergence of BTC in 2013, the tide of the Altcoins was rampant, and a large number of Altcoins appeared. In the third cycle, Crowdsale began to be popular around the world, many websites started to provide Crowdsale's news and discussion forum. Since 2017, Crowdsale has dominated the blockchain investment, far exceeding VCs and corporate investment.
The original intention of Nakamoto to create BTC is to establish a more efficient means of trading that can be electronically transferred in a safe, verifiable and non-tamperable form. During the early days of bitcoin and blockchain development, this drove the development of most applications of BTC and blockchain. However, with the development of blockchain technology, the evolution of digital token, the recognition of practitioners, and the evolution of government regulation, the changes led by BTC continue to evolve and gain more mainstream recognition.
More and more countries recognize that the blockchain reflects its unique value in many fields. The government has gradually incorporated digital token into regulation, and mainstream institutions are increasingly recognizing BTC. In 2017, the Chicago Mercantile Exchange (CME) officially launched BTC futures, as BTC took an important step toward mainstream investment, improving the accessibility of BTC to traditional financial institutions. In March 2017, Cameron's Cliveworth and Taylor W. Crawworth brothers attempted to submit an application to the US Securities and Exchange Commission for BTC ETF (transactional open-ended index fund). Although on September 22, 2018, US Securities and Exchange Commission rejected nine BTC ETF applications, the approval of BTC ETF application is a high probability event in the long run. With the continuous improvement of related infrastructure and the gradual maturity of the market, the pace of institutional entry has shown signs of acceleration. Since the end of 2018, news about the organization of encrypted assets by mainstream institutions has continued.

https://preview.redd.it/pf0u2patw7531.png?width=349&format=png&auto=webp&s=eb603172001520e62eee309e8d37df44c4f8bad9
5 The new journey of BTC will Start in May 2019
The fourth price-rising cycle of BTC will start in May 2019, and mainstream institutions will enter the market, while ETF may become the core trend of the fourth round of BTC price cycle.
From the perspective of supply, the third halving of BTC begins around May 21, 2020. The price-rising cycle of BTC is closely related to its halving period. The price-rising cycle starts about one year before halving. From this perspective, the BTC price-rising cycle may be opened around May 2019.

https://preview.redd.it/29dzwhwtw7531.png?width=695&format=png&auto=webp&s=7e69a27442cd093611027fd067cb4bbd784cb2b0
From the time dimension, the complete BTC price cycle lasts for about four years. The third round of the price cycle, which started in August 2015, will be completed around August 2019, and the fourth round of the price cycle of BTC will begin thereafter. Considering that the data in the second round of the price cycle is more reliable, only the second round of price cycle data is used as the measurement standard, the complete price cycle is 1377 days, about 3 years and 9 months, and the third round price cycle may end around May 2019.
Combined with the previous two BTC price cycles, the downturn phase of the current price cycle has been probably more than half, and further downside space is limited. In the first two rounds of the price cycle, the duration of the downlink phase is less than the duration of the uplink phase. The duration of the third phase of the price cycle has been confirmed (845 days), while the duration of the downturn phase has been more than half of the upstream phase (450 days). From the first two rounds of the price cycle, the rapid decline in prices occurred in the early stage of the downtrend phase. The price fluctuations of BTC in the second half of the downturn phase have been significantly reduced. The BTC price declines reached 61% in the first half and 74% in the second round of the price cycle, and the corresponding maximum declines in BTC were 94% and 84% respectively. In the current round of the price cycle, the biggest drop has reached 84%, so take it from now, even if the price is further down, the downside space is already limited.
https://preview.redd.it/kra7vduuw7531.png?width=684&format=png&auto=webp&s=4f1eda32d42a15b4e34ebfa5dbdaee78065ab110
Note: The data of the third round of the price cycle and the total duration are up to March 12, 2019.
From the price dimension, the downside space of the current round of BTC prices is limited, and the maximum increase of BTC's fourth price-rising cycle will become smaller. In the first price cycle, the price of BTC increased by 10636 times, and fell by 93.76% maximum. In the second price cycle, the price of BTC increased by 623 times, and fell by 83.93% maximum. In the third price cycle, the maximum increase of BTC price was 98.57 times, and the biggest decline has not been confirmed. On February 6, 2018, BTC fell to a minimum of 3,191.30 US dollars per piece, drop by 84.07%, has reached the low of second round of price cycle, from the perspective of price adjustment, BTC price downside has been more limited. The maximum increase in the fourth price-rising cycle of BTC will be smaller.
From the perspective of risk, after a year of continuous adjustment, BTC prices have fully fallen, risks have been gradually released, and investor’s risk appetite has risen to create favorable conditions for BTC prices to stabilize. Beginning at the end of December 2018, the VIX index has fallen, and now it has reached 15 or below. The investor's risk appetite has gradually picked up, creating favorable conditions for the BTC price to rise stably.
Last but not least, from the perspective of capital, the mainstream institutions accelerated their entry and many positive signals were released. With the continuous improvement of related infrastructure and the gradual maturity of the market, the pace of institutional entry has shown signs of acceleration. Since 2018, on the one hand, the entry of mainstream institutions can bring incremental funds to the entire market, on the other hand, it also contributes to the formal development of the entire industry.
The value of the BTC's market value in circulation continues to increase, and the digital token embraces regulation. It is expected that the ETF will be the core trend in the fourth price cycle. As the value of the BTC and digital token market increases, their use will be more tied-up to legitimate use than illegal activities. According to the US Drug Enforcement Administration (DEA) data, only 10% of the current BTC transactions is related to illegal activities and 90% is used for legal transactions. BTC's increasingly large market value requires more financial support. Digital token will embrace supervision to absorb more funds, and ETF will be a viable solution. In the future, there is going to be an evolution from Crowdsale to ETF, from regulation to embrace supervision.
Note:
Although in this report, we try to predict the bottom and time of Token, especially BTC, by using time and space cycle, we would like to tell investors that it is very dangerous to invest basing on a specific dot and time. An investment shall base on the assessment of the value of the token.
Here are our suggestions: 1. Do not try to predict the market. Mistakes are liable to happen when you try to predict market harshly. 2. Feel the cycle. Cycle is always there, because of the constant human nature;3. Be with a good Token, which will bring you more chance to win. 4.Keep valuation in mind. The most important thing in value investing is to keep the valuation in mind. If the price is reasonable, everything is getable. The key is the difference between price and value (Absolute valuation method is not available with Token because of its specialty. However, a relative valuation method can be applied. Please refer to Token Toll’s report series).
Notions:
For some reasons, some definition in this report are not very defined, such as: Token, Digital Token, Digital Currency, Currency, Crowdsale, etc.
If you have any questions, be free to call us to discuss with us.

https://preview.redd.it/bjnu2hjvw7531.png?width=698&format=png&auto=webp&s=43df46d8337c63a52b8a7089ed5e24360f3b281d
submitted by Token_Roll to u/Token_Roll [link] [comments]

The Regulatory/Legal Environment

Hello! My name is Daria Volkova and I am the Head of Platinum Legal Department. Our team believes that these are exciting times for the crypto market. We supported more than 100 clients, created and promoted their STO and ICO campaigns, got from an idea to funding in a matter of 2.5 months! See the full list of our services: Platinum.fund We are more than proud to present our education project. The UBAI can help you to learn specifics about cryptocurrencies and blockchain technologies. Learn all about ICO avenues and opportunities, plug into the world of trading cryptocurrency markets, become an expert in scam projects, promoting ICOs and STOs, launching your own campaigns and many more! What are the different cryptocurrency regulations in major countries? Find the answer after reading this article.
Cryptocurrency Regulations across Major Countries
Cryptocurrency and the blockchain industry may seem sufficiently exciting and attractive to you now. After all, you are taking the time and effort to study this course. You may be planning to work in cryptocurrency and the blockchain industry. Of course, we want to encourage you and help you proceed toward your goal. But it is also important you understand the regulations guiding the blockchain industry to help keep yourself out of trouble.
This year, in particular, seems to be the year in which a lot of countries are looking to finally coalesce the regulations relating to the blockchain industry into a workable legal framework. Some countries are more accommodating to cryptocurrency and blockchain technological innovations while others are still more cautious. We will examine how each major country is forming their own regulatory framework for the blockchain industry.
Canada
Cryptocurrencies are not considered legal tender in Canada. This was clearly expressed by the country’s Financial Consumer Agency (FCA). Canada, like the US, has yet to clearly define or legislate a framework surrounding cryptocurrencies. But Canada still appears to be among the most transparent of countries for the nation’s interpretation and enforcement of the law surrounding cryptocurrencies (aside from Switzerland). For the time being, Canada has clearly stated its reluctance to adopt cryptocurrency as a legal tender, due to its high volatility. “ “The United States of America (USA)
There are certain laws regarding transactions in virtual currency in the US today but there is still no comprehensive legal framework. The Commodity Futures Trading Commission currently regulates virtual currencies as commodities. The CFTC is the first US regulator to allow for public cryptocurrency trading. The Securities and Exchange Commission requires registration of any virtual currency traded in the US if it is classified as a security (e.g. by the Howey test).
The regulatory authorities have not yet formulated or offered a coherent framework for regulations regarding cryptocurrencies. Typical of most legislators and regulatory agencies in the US, the Securities and Exchange Commission (SEC) has intensified its focus on the pressing need for comprehensive regulation. And it seems everyone is waiting for the right catalyst to coalesce into a usable set of legal guidelines that can protect the investing public and also allow for blockchain and cryptocurrency innovation as well.
If cryptocurrency becomes a form of legal tender in the US, there will likely be stringent laws on its use. However, if cryptocurrency is treated like a security, cryptocurrencies would be regulated under securities law as interpreted by the SEC. Present securities laws place a large number of limitations on who is able to buy securities, how they are traded, and how to ensure transparency in the flow of information relevant to investors. Also note that non-US investors may experience their own difficulties getting a license to trade cryptocurrencies in the country. “ “Japan
Japan has always been one of the most positive and forward-thinking nations regarding cryptocurrencies and the blockchain. Of course, they were cautious at first, and they knew no more than anyone else in government, which means they literally knew nothing. But they took time to research, learn, and develop an approach to regulate the industry without killing it. The official policy is clear: Protect the public interest, but also encourage the growth of the industry with a legal framework that allows for innovation in blockchain and cryptocurrencies.
China
The situation in China is a sad one. The country has been taking increasingly strict actions to discourage and outlaw any activity related to the blockchain industry. China has banned ICOs, frozen all accounts associated with cryptocurrency, stopped bitcoin miners and even ordered a nationwide ban on all forms of cryptocurrency trading.
China has the strictest laws against cryptocurrency. Yet, despite that fact, as of 2017, 50% of the world’s mining population was from China! If you are involved with the cryptocurrency industry it is strongly advised to stay away from China, and avoid transactions with Chinese business because of the unpredictable and negative legal framework.
“ “The United Kingdom & European Union
Brexit is scheduled to take place in March 2019, yet the UK and the EU still remain united in their regulatory attitude toward cryptocurrencies. There are also reports that the UK and EU are planning to end anonymity for cryptocurrency traders.
The UK and EU are both trying to control all the scams and frauds. They are working with cryptocurrency platforms to stop or at least report all suspicious transactions. This adds a degree of regulatory burden on the exchanges as well as increasing the associated compliance costs. Cryptocurrencies are extremely volatile. They are a high-risk investment. Governments across Europe are greatly concerned about the possibility of both retail and sophisticated investors losing a lot of money.
This has led to a situation similar to that in the US. The regulatory authorities have not yet formulated or offered a coherent framework for regulations regarding cryptocurrencies. There is an intense focus on the pressing need for comprehensive regulation. And everyone is waiting for the right catalyst to coalesce into a usable set of legal guidelines that can protect the investing public and allow for blockchain and cryptocurrency innovation as well. We certainly hope for intelligent and effective legislation from all the major countries. “ “Accommodating & Unaccommodating Countries
Below is a list of countries we have not specifically covered, but they have each taken an active position on a regulatory framework for cryptocurrencies. The following countries are either supportive or at least neutral toward cryptocurrencies:
-Switzerland. -Australia. -Nigeria. -Ghana. -South Africa. -Singapore.
Countries with the most stringent and negative cryptocurrency regulation:
-Venezuela. -South Korea. -India. -Russia.
Did you know?
It is not uncommon to see Bitcoin and other cryptocurrency ATMs throughout Japan.
Exchange robberies and hacks like MtGox, and the recent loss of $530 million NEM coins have led to serious debate in the Japanese government. The industry needs to provide a secure and manageable solution to these problems. Voluntary self-regulation and close cooperation with regulatory authorities is the most favored solution. It seems the regulators are working hard behind the scenes right now leading the industry in the desired direction in typical Japanese fashion. “ “Blockchain Industry Regulations in the USA
Based on the information received from the Columbia Science and Technology Law Review, there was a variety of responses from different government bodies about blockchain regulations. The regulators responses ranged from indifference to suspicion, and to positive expectation and excitement.
The US government has tremendous constitutional power to regulate business and industry, including of course the blockchain industry if it so desires. But basically, the federal government has been relatively indifferent and has even refused to speak on blockchain regulations despite the interest of various federal agencies. As of 2017, eight states in the US were working on bills promoting the use of cryptocurrency and blockchain technologies. It is even reported that a few states have actually begun the final steps before voting and passing legislation into law.
On April 3, 2018 Arizona introduced a law allowing corporations to hold and share data on the blockchain. The governor, Doug Ducey, put forward the legislation after the state began accepting signatures and smart contracts recorded on the blockchain as legally valid documentation. In 2017, Delaware was the first state to pass legislation allowing for shares of stocks to be legally traded on the blockchain.
Other notable developments have occurred in the US at the state or local level. Vermont makes use of blockchain as evidence in trials. Chicago uses blockchain to maintain real estate records. New York is currently evaluating four bills for the application of data storage on the blockchain. “ ” Blockchain Regulations in Europe
The entire European Union has approached blockchain with a positive and welcoming attitude. The EU has taken the position that they want to actively encourage innovation. This philosophy could support the development of cryptocurrencies in two ways:
-Encouraging the exploration of uses testing the impact and effect of the laws in a way that allows for a more finely-tuned and sophisticated understanding for all parties involved.
-Giving entrepreneurs the confidence that their target markets will be more trusting of their solution since they are operating with the explicit legal support of the state.
This approach, along with the EU’s scope as the regulator of 28 different countries, will encourage growth across the entire crypto ecosystem, and may end up transforming Europe into one of the most desirable destinations for blockchain development. Entrepreneurs are likely to move to the EU bloc to access the rich vein of available talent, as well as the positive and supportive laws.
The EU has actually disclosed through its executive arm that it is working on the use of blockchain for distributed ledger based projects. EU officials have constantly stated they are looking for ways to support more innovation with distributed ledger technology. The European Commission said it was “”actively monitoring Blockchain and DLT developments”” and has work in progress to explore “”DLT benefits and challenges as well as fields for application in financial services””.
The official press release stated that the commission clearly wants to “”pilot projects to foster decentralized innovation ecosystems and help reshape interactions between consumers, producers, creators and among citizens, businesses and administrations to the end benefit of society””. “ “Blockchain Regulations in Europe §2
Switzerland has gradually become the favored hub for cryptocurrency and blockchain development in Europe. This position has been enhanced through a Swiss non-profit blockchain and cryptographic technology ecosystem known as the Crypto Valley Association.
The Crypto Valley Association has begun working on the development of an ICO Code of Conduct to take advantage of the ban imposed by China on token crowd sales. They are hoping to capture the Chinese and Asian entrepreneurs searching for a new home.
Other countries are not as accepting of this new DLT technology and have even gone as far as classifying it as illegal and immoral behavior. There have been hyperbolic concerns most notably from China that cryptocurrencies will destabilize world financial markets.
There are various pilot projects and efforts to prove the benefits of cryptocurrencies and the blockchain industry currently being tested all across Europe. Yet even now they are barely scratching the surface of the full potential of the blockchain.
Country-by-Country Cryptocurrency Adoption
Citizens of countries all over the world have varying attitudes about cryptocurrency. These attitudes and sentiments can be very significant to the future adoption of cryptocurrencies because politicians and regulators tend to act in consideration of the collective opinion of the public. Some countries were more accommodating at first but then became stricter, despite positive public interest, basically saying they are still not sure about the possible consequences and benefits of the technology. “ “Country-by-Country Cryptocurrency Adoption
Estonia
Surprisingly enough this small Baltic nation has gained a reputation for being quick to accept technological innovation. Estonia has a tech-friendly government eager to accommodate the innovative use of cryptocurrency in fields ranging from blockchain technology for healthcare and banking services; and even granting citizens the right to become what is known as “e-Residents”.
As e-Residents, Estonian citizens and businesses are provided with digital business authentication. It is also one of the first countries to employ the use of a blockchain-based e-voting service that enabled people to become shareholders of NASDAQ’s Tallinn Stock Exchange.
This fascinating and highly innovative country is now host to a number of Bitcoin ATMs and startups, like Paxful. They are cryptocurrency friendly, and cryptocurrency user friendly as well. Estonia also has highest internet penetration rates in the world.
Estonia may be a fine place to consider basing your ICO due to the friendly legal and regulatory environment.
This and a lot more you can learn on our website: www.ubai.co! “ “Country-by-Country Cryptocurrency Adoption
The United States of America
The USA is the world’s dominant superpower, and it should come as no surprise that it has the highest number of cryptocurrency users in the world. It also has the highest bitcoin trading volume and the highest number of bitcoin ATMs.
Powered by Silicon Valley, which is home to a lot of cryptocurrency and blockchain startups, the US stands at the forefront of all things relating to cryptocurrency worldwide. Many other nations are planning to follow the US lead concerning cryptocurrency regulations. This means the USA will serve as the testing ground for cryptocurrency and crypto-regulation in the years to come. This is likely where the future regulatory framework will take shape.
Bitcoin in particular has shown massive growth in the US. This can only be interpreted as a strong tailwind for a positive regulatory environment because the population at large supports blockchain technology.
For the moment, due to regulatory paralysis and the resultant legal vacuum, ICOs are strongly advised against raising funds or basing operations in the US. The SEC has been particularly strict in its enforcement of securities and investment law which require an ICO to do an oppressive amount of compliance work. “ “Country-by-Country Cryptocurrency Adoption
Denmark
When it comes to technological advancements and the standard of living of its citizens, Denmark is among the world leaders. It is considered one of the most developed countries in the world. It is also at the forefront of countries looking to reduce the use of cash money and advance to the use of 100% digital currency. As such, sentiment among the general public and political sphere actively supports the adoption of cryptocurrencies as a means of payment. The only question left is which particular cryptocurrency system to adopt. It is still unclear whether bitcoin is the one, or BTC will mainly just be accepted as a means of exchange. There are also discussions in Denmark about when to redesign its national financial system; this would be a “world first”, and a radical leap forward for cryptocurrencies.
Another fascinating thing is that the Danish Central Bank has declared BTC as a non-currency; meaning its use is not subject to the country’s currency regulations. Some of the top bitcoin startups and exchanges such as CCDEK have their foundations in Denmark.
With its open market and encouraging regulatory framework, Denmark might very well rival Switzerland in Western Europe for the position of the continent’s preeminent ICO and blockchain industry hub. “ “Country-by-Country Cryptocurrency Adoption
Sweden
Sweden is quite similar to Denmark, for its social and demographic climate, and also for the government’s desire to eliminate cash. The Swedish Riksbank recently introduced negative interest rates. This can cause a spike in the demand for coins in the near future as citizens look for the best way to preserve their wealth. Negative interest rates like we have seen in Europe and Japan also, actively corrode savers’ wealth because people are actually paying a percentage of their savings to the central bank to hold their cash, in addition to losing out to inflation at the same time.
Sweden has taken the boldest step yet in all of continental Europe to legalize cryptocurrency. The country legalized the use of BTC and other cryptocurrencies as a means of payment by official public declaration. It is however expected that exchanges should file for a license in accordance with AML/CTF and KYC regulations.
Sweden is also home to a number of cryptocurrency startups such as the Safello Bitcoin exchange, and Stockholm-based KnCMiner. The gradually increasing trading volume of cryptocurrency has been a good indicator of the country’s appreciating demand for cryptocurrencies. “ “Country-by-Country Cryptocurrency Adoption
The Netherlands
The Netherlands is quite fascinating in its own right. How can a country not be referred to as Bitcoin-friendly when it can boast about having its own “Bitcoin City”? There are over 100 merchants that sell goods that can be purchased with cryptocurrency in Bitcoin City.
There are no regulations restricting the use of BTC in the Netherlands under the Act on Financial Supervision of the Netherlands. This explains why a lot of startups, BTC ATMs, and even a Bitcoin Embassy can be found in the heart of Amsterdam (the capital of Netherlands).
The friendly climate for cryptocurrency has led to a lot of very active bitcoin communities across the nation hosting regular meetups and other events. The country’s banking sector has been looking to incorporate BTC and blockchain to reduce costs and improve banking technology. The Netherlands is also a popular location for many important bitcoin conferences and bitcoin companies such as BitPay.
The Netherlands is increasingly becoming a prominent place for ICOs and blockchain related businesses to base their operations. “ “Country-by-Country Cryptocurrency Adoption
Finland
Well-known as the home of Nokia, Finland has constantly been at the forefront of technological innovation, just like its other Scandinavian neighbors. The Finnish Central Board of Taxes (CBT) has even gone as far as classifying bitcoin as a financial service, exempting it and cryptocurrency purchases from the VAT. What more could be better for Bitcoin?
Finland also boasts a significant number of BTC ATMs despite its small population. The capital of Helsinki alone is reported to have 10 ATMs for BTC. The country is also home to top exchanges such as FinCCX and Bittiraha.fi. As of January 2016, the most expensive bitcoin sale took place in Finland. It involved the sale of a Tesla Model S worth over €140,000 at Auto-Outlet Helsinki Oy.
Canada
Canada is home to a variety of bitcoin startups and ATMs. It is considered to be more favorable toward cryptocurrencies than the USA. The country has two cities on its eastern and western coasts, Toronto and Vancouver, that are recognized as “Bitcoin hubs”.
Canada has a vibrant cryptocurrency community and is home to startups such as Decentral, the Vanbex Group and a large number of merchants who accept cryptocurrencies as payment. Vancouver is known to have over 20 ATMs while Toronto is well-known for holding large cryptocurrency conferences.
There has been constant growth in cryptocurrency trading volume in the country. Canada might be the best location in North America to base an ICO or operate a blockchain business due to its supportive regulatory environment and a rich ecosystem for cryptocurrency, with human talent, ATMs and other tools, etc. “ “Country-by-Country Cryptocurrency Adoption
United Kingdom
The UK is one of the absolute top financial hubs in the world. It is also a center of innovation. There are a large number of bitcoin and blockchain related startups, BTMs and active communities. All of the previously listed crypto-friendly features make the UK a very desirable environment for bitcoin. The UK has identified the inevitable need for a new payment solution and is gradually bracing itself for a widespread adoption of cryptocurrency in the future. There are even a few local pubs that accept BTC as a means of payment.
It is also interesting to note that the Bank of England has been closely monitoring bitcoin technology and has requested ideas from citizens on the improvement of its monetary system. Bitcoin is presently seen as “private money” where VAT is imposed from suppliers of goods and services that accept cryptocurrency as payment. Profits and losses incurred from cryptocurrency trading are also subject to capital gains tax, just as in the US.
In the UK, it has become increasingly clear that BTC can be part of a bigger story, and the trading volume indicates steady growth. There are not clear laws against cryptocurrencies at the present time. But the lack of regulatory momentum suggests we may see more positive developments soon. One thing to keep in mind, while the Brexit is still in progress, the British government may be more likely to legislate on non-core issues. “ “Country-by-Country Cryptocurrency Adoption
Australia
The major banks in Australia have been quite hostile toward bitcoin, but at least the country has removed the burden of “double taxation” on cryptocurrency. This was good news to the local business community because blockchain startups had begun to leave the country as a direct result of unfavorable taxation and closure of bank accounts.
The use of BTC still remains unregulated, there is no law or regulation restricting the use of cryptocurrencies by Australian citizens. Cryptocurrencies are regarded as a form of property in Australia, and purchases with BTC, for example, are referred to as “barter”.
The Australian Securities Exchange (ASX), you will remember, is transitioning its CHESS verification system to a blockchain solution that should go live at the beginning of 2019. Cryptocurrencies in Australia are seen a lot like they are in the US. Topics like the imposition of capital gains tax, concern about securities law, the legal debate about using cryptocurrency as payment for goods and services, etc., are all problematic for regulators. While the general population is quite comfortable and supportive of cryptocurrencies and blockchain solutions, at the present it is not a high priority for the government to legislate or regulate. “ “Taxation and Cryptocurrency
Tax is of course one of the most important factors in financial matters on both a personal and corporate level. Taxes greatly influence investment decisions and returns, regardless of industry or size. It is one of the first things every individual or group considers before investing. Notably, in Australia and the USA, cryptocurrency gains are treated as capital gains and taxed at up to 50% of the return.
Some countries have low cryptocurrency taxes specifically to encourage the blockchain industry. By offering a more competitive tax rate, countries are implicitly supporting cryptocurrency and actively trying to offer a better return profile than other countries. We will discuss the different taxation regimes in a wide range of countries so you can ascertain the financial advantages and disadvantages of a variety of locations.
Belarus
Belarus charges 0% in taxation until 2023. That exemption is specifically for cryptocurrency exchanges and transactions. This has been done to help Belarus build a special economic zone, referred to as ‘HTP Belarus’. Their goal is to have an economic zone strong enough to compete with the likes of Silicon Valley.
The government of Belarus has also declared smart contracts as legal documents. Anyone looking to set up a blockchain company or a cryptocurrency startup should seriously consider Belarus. It has a supportive regulatory and legal environment which actively encourages the blockchain industry and does not impose punitive taxes upon those inside the industry.
“ “Taxation and Cryptocurrency
Portugal
Any and all personal income received from cryptocurrency transactions is tax-free in Portugal at the present moment. Income from cryptocurrency trading is categorized as something legally different from traditional income or capital gains.
The Portuguese government stated clearly that any kind of sale of cryptocurrency does not fall under capital income or capital gain. If an individual is however found to be carrying out professional activity, or any business activity related to cryptocurrencies, that is a different matter and such income will be subject to taxation.
From a personal perspective, Portugal is one of the leading countries where an individual can carry out their cryptocurrency transactions and enjoy a decent standard of living in the same country too. However, for ICO and Blockchain businesses it is not recommended to base your operations in Portugal.
China
China is famous the world over for being home to some of the largest cryptocurrency mines and many active cryptocurrency investors; yet at the same time China makes it illegal to conduct any cryptocurrency related business or investment.
But China still has an especially attractive environment for investors. Hong Kong runs on a policy of zero VAT or capital gains tax so it is easy to recommend you base your business there. Hong Kong also stands out as a major financial hub in the heart of Asia. “ “Taxation and Cryptocurrency
Netherlands
Actually, Netherlands was the first country to make use of a non-zero tax rate policy for cryptocurrencies. So, it may seem reasonable to expect a discouraging tax situation. But the fact is, Netherland’s tax policy is rather advantageous for cryptocurrency. They have a very simple, low-tax regime.
Cryptocurrency assets need to be declared with the total assets owned by an individual at the beginning of the year to assess their value. Cryptocurrency gains will be taxed at the highest tax bracket for capital income of just around 5%. The Netherlands is strongly recommended as a good country to work and live in, from both a personal and corporate perspective.
Germany
Germany is the economic center of the EU. This makes it a great place to start a cryptocurrency or blockchain company. Financial technology has been thriving there for more than ten years, and Germany has favorable cryptocurrency laws too.
Bitcoin and cryptocurrency assets have a 0% tax when used in making payments due to no VAT levied for making payments with BTC, because there is no “value added” through cryptocurrency as a fiscal product.
Germany offers a moderately compelling case for both blockchain business and individuals. While the tax rate on income at the company level is not competitive, the ability to pay for services in crypto as well as hold cryptocurrency assets and sell them at zero percent taxation rate is compelling. “ “Where to Base Your ICO
Let’s talk about the countries that are most accommodating with regard ICOs. Start-up ICO companies, like any company, essentially require three key principles for operation. The first is a sound legal and regulatory framework wherein the rule of law is preserved and business encouraged. The second is the ability to hire or acquire talented individuals to work at the firm. The third and final is the tax system and access to associated financial systems in order to allow the enterprise to succeed.
Estonia
This country is, perhaps surprisingly, widely referred to as the most digital society in the world. Estonians are known to be pathfinders deeply involved in setting up an efficient, secure, and transparent internet ecosystem.
The country ranks first when it comes to the number of ICOs per inhabitant. It has an incredibly supportive tax regime, actually among the most competitive in the world, as well as a deep pool of talent across all areas of the digital spectrum. Estonia offers possibly the most supportive and friendly regulatory and legal framework in the world for an ICO. This, in combination with a zero percent tax rate at both a personal and corporate level, combine to make Estonia one of the single most appealing locations from which you can launch and operate your ICO. “ “Where to Base Your ICO
Singapore
Singapore is another important regional hub in Asia for its strong rule of law as well as low taxation. The country offers one of the highest standards of living in the world. It is centrally located in the heart of Asia, so it easy to travel and recruit talent from surrounding countries. At the present there are not any specific regulations targeting the blockchain industry, but it is one of the world’s largest countries by funds raised for ICOs. It has a competitive tax regime in combination with strict AML and KYC. All of these factors make Singapore Asia’s leading location to launch and base an ICO.
The regulatory situation around the world may seem rather complicated. That is because it is. Laws and regulations are changing rapidly all over the world. And the regulatory framework is the most significant point of concern for a startup ICO. You should carefully study not only the current regulations surrounding your particular venture and how its tokenomics affects its classification, but you also need a reasonable sense of where the country is likely to be six months or a year later. Ideally you would base your ICO in a country that is supportive now, and all timeframes into the future with a competitive and legally sound tax system.
Where to Base Your ICO
Slovenia
Slovenia has recently transformed itself into the leading destination for blockchain technology in Europe. The government of Slovenia has placed a strong emphasis on the study of blockchain technology in public administration, and there has been an amazing success rate for ICOs in Slovenia. While the Slovenian government is a leader in terms of adopting cryptocurrencies, its rate of taxation is still considered quite high at 19%, even though that is still lower than other European countries. ICOs are considered to be normal business activities where you are taxed based on the funds received from an ICO less the expenses of doing business.
Switzerland
Switzerland is trying to remain relevant for the blockchain industry and for ICOs. The Swiss finance ministry is actively trying to attract investors to the country. Switzerland is considered a very important crypto location due to fact it was home to four of the largest ICOs in the world. The country is also very attractive to investors because of its friendly regulations and digital expertise. The taxation and regulatory environment is extremely secure and positive towards the cryptocurrency and blockchain industry in general.
Are there successful ICOs that have originated from the specific countries considered? Read the full article to get the answer! UBAI.co
Learn more about our STO and ICO marketing services right now! Contact me via LinkedIn: LinkedIn
submitted by UBAI_UNIVERSITY to u/UBAI_UNIVERSITY [link] [comments]

10 Surprising Bitcoin Facts You Need To Know

10 Surprising Bitcoin Facts You Need To Know
In this article, we’re going to dig into some surprising Bitcoin facts you need to know. The world’s most popular digital currency (for now) is Bitcoin. It still holds a roughly 35% dominance over all other cryptocurrencies according to coinmarketcap.com. Though its dominance is decreasing as time moves on and newer better cryptocurrencies start gaining traction, for now it’s still the most valuable and the most widely used.
For the majority of the general public and even many Bitcoin investors, explaining what it is and how it works still proves to be a challenge. Though the name was brought into the public eye recently after the late 2017 price rally, most people still have no idea what Bitcoin actually is, let alone how it works.
If they were to try, they’d probably throw around some buzz words like digital currency, mining and stock market, with no real understanding of what they’re actually talking about. 10 Surprising Bitcoin Facts You Need To Know
After analysing the Bitcoin price every day since it’s invention, the day with the highest Bitcoin price and arguably the best day to own Bitcoin is 13th December! Just like the Bitcoin Cash fork in 2017, Litecoin was actually forked from the Bitcoin core client in 2011. The world’s first ever Bitcoin ATM was located in Vancouver, Canada! Black market trading on the deep web was one of the first widely adopted use cases for Bitcoin. The first of which was the infamous and now closed down, Silk Road! Silk Road alone is estimated to have accounted for around 10% of the Bitcoin economy at the time. Lamborghini was the first car company to accept Bitcoin! There are now 17 Million Bitcoins in circulation. That means just 0.24% of the worlds population can own a full Bitcoin. 90% of all Bitcoin wallets hold less than 0.1 BTC Chinese mining pools control around 70% of the Bitcoin network’s collective hashrate. Satoshi Nakamoto‘s inactive Bitcoin wallet still holds around 1 Million BTC! The Bitcoin price is strongly correlated with Google search volumes! When search volumes increase, so does the price and vice versa. 
We hope these 10 Bitcoin facts surprised you and you enjoyed reading them.
submitted by instantemails to BitcoinMarkets [link] [comments]

Bitcoin ATM Global Market Overview

Bitcoin ATM Global Market Overview
Bitcoin ATM Global Market Overview
By DOBI ATM

The BitLicense aroused a big buzz when the a big ATM operator Coinsource announced its granting of BitLicnese, a virtual currency trading license for cryptocurrency trading service; As reported from Cointelegraph, it took 3 years to be granted since the first application to New York Financial Securities(NYFS).
This obviously indicates the advancing development of Bitcoin ATM industry since the first Bitcoin ATM came out in Vancouver, Canada on 29th October 2013.

Overall Global Data

After about 5 years development, bitcoin ATM industry sees increase in market capital and maturity.
Bearish Bitcoin price meet downturn though, Bitcoin ATM is growing continuously in installation, capital, distribution and the manufacturer.
The latest statistic from CoinatmRadar( the biggest bitcoin ATM data research institution) reported that there are 3949 bitcoin ATMs in total worldwide until Nov. 05, 2018. Although increasing speed declines with the sluggish bitcion market, we can still see 1849 ATMs increased with 89% growth rate from 2079 ATMs to 3927 in 2018. Now, the crypto ATMs installation speed rises to 6 machine per day. It’s estimated to reach a figure of $16.3 million of market capital in 2018

https://preview.redd.it/drmennyhpow11.png?width=660&format=png&auto=webp&s=4187176abc3f5d892911085a894fb5cc40d089c7

Industry:Continuous Increase in installation, profit, manufacturers

Distribution of bitcoin ATMs across Continents:


The wide awareness of bitcoin and cryptocurrency promote the bitcoin ATM adoption cross the world.
It’s no strange that North America and Europe share the large percentage since the economic and population provide the best environment for the use of bitcoin ATM by the majority.

https://preview.redd.it/3vu1hoyipow11.png?width=648&format=png&auto=webp&s=d0bc39d87d17032f5f7fd3e16ed46e0320d2788b
A study conducted by MarketsandMarkets reported that the Bitcoin ATM market will see annual growth of 54% between 2018 to 2023, when the whole industry is forecast to reach $145 million.

Incredibly Increasing High Profit When Emerging Market’s Struggling

In bitcoin ATM, the profit is mainly from transaction fee with an average of 7%-10% both in buy side and sell side. It’s reported a bitcoin ATM machine comes with $10k to $30k transaction a month with the highest reaching to $100k. The average transaction is 130 times per machine per month. Coindesk even reported Lamassu's survey of $1,000–$3,000 each month earning which equates to annual earnings for ATM operators of between $12,000 and $36,000 per unit.

Increasing Bitcoin ATM Manufacrture:

The growing awareness of bitcoin also attracted many investors into Bitcoin ATM business. The biggest bitcoin ATM tracking Radar coinatmRadar reveals 42 typical bitcoin ATM manufacturers and 31 Bitcoin ATM service operators globally. DOBI ATM, as the biggest bitcoin ATM manufacuter in Chinawas also listed.
It’s a newly but of great potential to in digital currency payment solution.
It’s obviously seen from the market share below that Genesis Coin, General Bytes, Lamassu, BitAccess and Coinsource dominant the industry, though. Some newly manufacturer startups also see great potential.

https://preview.redd.it/uhxd302kpow11.png?width=525&format=png&auto=webp&s=687460579650812e21808a736231931baf193855
DOBI ATM as highly potential newcomers is striving to provide everyone easy access to buy ans sell bitcoin in hardware solution and software development.
Supported by the a capital group , Currently there’s over 200 business-to-business operators worldwide and now is the biggest Bitcion ATM manufacurer in China

Ending

Seeing from the whole cryptocurrency industry chain, there are mining, digital currency exchange, crypto wallet, media and services field, token release company and payment field. Cryptocurrency exchange functions most important for its huge power in liquidity and profitability.
There’s no doubt the blockchain technology will overturn the whole world revelutionary after 10 year’s development since the release of Bitcoin Whitepaper by Satoshi Nakamoto.; And no one would suspect the financial role cryptocurrency is playing, especially in payment field.
Bitcoin ATM can both work as an alternative for exchange and payment solution for daily life. It surely see great market confidence.
DOBI ATM still holds that only project with practical solution in real world that survives at last.
Bitcoin ATM just helps the adoption of wide use of bitcoin in daily payment among the ordinary.
Let’s witness how the cryptocurrency and bitcoin ATM industry expand.
submitted by DOBI-ATM to DOBIATM [link] [comments]

My reviews of bitcoin exchanges and services my business used

Over the past weeks myself (a 23 year old from Vancouver, Canada) & my business partner (a 21 Regensburg, Germany) have tried a lot of different XBT exchanges and sellers. He reddits a lot and suggested I type up what I wrote down about our experience to share them with you.
Great experiences:
Kraken - 9.8
General: Kraken is one of the better platforms we used, mostly when dealing with the Euro. We opened a Kraken account, made a $5000 USD deposit and a €7000 deposit and were ready to begin trading in under 24 hours. We ran into no problems with them, our orders filled quickly and the emails that we had with their team were fairly straight forward. More payment methods would make them a 10.
Pros: They have many pair listings, special types of trading orders including stop loss, take profit, and others. They accept SEPA payments for Euro and bank wires for most other deposits. They have good security practices (https://www.kraken.com/security/practices) and have done an audit with proof of solvency (https://www.kraken.com/security/audit). Well known team, public facing. Has LTC, NameCoin and Ripple.
Cons: Does not accept ACH payments for US users. Lack's transparency of cost on USD bankwires (TBD*). Some users have raised concerns over the pasts of the investment team (this had no impact on score but should be mentioned). Support team was quick and solved our problems.
Bitstamp - 9.5
General: Bitstamp is a market leader and great exchange. We had a very good experience with them. They are probably our default choice if we had to use a general USD exchange to run an ATM or something. We made a deposit of $15,000 USD and trading went smoothly. It is important to note this exchange we withdrew only in Bitcoin, we did not try the Fiat withdrawals. Full transparency could make them a 10.
Pros: Large volume, great liquidity, fairly quick to get an account open and money deposits. Our time from opening an account to trading was under 24 hours. They take a decently low fee .5% Has a proof of reserves audit by third-party.
Cons: Audit is third-party and not proof of solvency. Little is known about management team. Bankwires are only real method to be used here. Does not allow trading in non-USD. Trades are only do Bitcoin. Many claims of Bitstamp freezing users Bitcoin under AML/KYC claims and asking for lots information such as signed wallets proving source of those coins (We did not experience this).
Vault of Satoshi - 9.2
General: Vault of Satoshi is a much smaller exchange then the other "great" exchanges but they do really awesome things for XBT. Their team was very supportive and really quick. We had our account open, verified and trading in under an hour ON A SUNDAY. It was the fastest set up time of any exchange that deals with fiat currency. For user experience and security they would be our top pick. International support and higher volume could make them a high 9 if not a 10.
Pros: High security (http://www.reddit.com/vos/comments/27hd8d/are_my_coins_safe_on_vos/ci0yeua) and transparency including daily generation of Proof of Solvency audits, very transparent team (https://www.vaultofsatoshi.com/about) who are active on Reddit. Allows trading of over 20 coins to both fiat and to any other coin. Has Interac deposits for Canadians, they apparently can take an hour or two to enter the account, but ours took maybe ten minutes. Easily the fastest deposit method we found.
Cons: Pretty much just for Canadians unless you transfer coins in for day trading. Supposed to be expanding soon. Volume was lower but seems to be picking up. Needs a lot of personal information. Would be great to see more payment methods outbound.
Good Experiences:
Coinbase - 8.7
General: Coinbase is a great service, backed with good money and clearly a very secure environment. Being a dual resident and citizen I was able to use Coinbase for some of our purchases via my US bank account. It was really quick to open an account and get buying. We bought around $5000 worth of Bitcoin to send into other coin-only exchanges. The support staff were helpful, but could have been trained a bit more about Bitcoin knowledge. Overall things went really well. More coins, international support and proof of solvency could put it up to a 9.
Pros: Clear set price not dealing with any "orderbooks", great platform very easy and straight foward to user. Great for new users. Has ACH payments for American Users so you don't have to do a bankwire. It is backed by a major investors. Has stable relationships with a bank unlike many other small exchanges. It is fast, secure, and friendly support staff.
Cons: Not a full exchange, US only, support can be slow to respond, has no proof of reserves, promotes the use of online wallet services. Does not allow you to buy or sell coins other than XBT.
Cryptsy - 7.2
General: Was used for dealing with smaller altcoins that weren't on other exchanges. Our total volume on there was roughly 8 BTC. Deposits went fairly smoothly, although we did have to contact support in regards to one submission of Blackcoin that did not appear in our balance. The support team was slow and rather rude but did get the job done eventually.
Pros: No verification needed for trades, deposit and go. Lots of currency pairs. High volumes. Strong platform. Great chart features. Great price ticker on the side.
Cons: No proof of funds, not much security, doesn't support fiat, support team is kind of a pain to deal with if something does go wrong. Should really only use if you are day trading
QuadrigaCX- 7.0
General: QuadrigaCX is a small Canadian exchange. All around a decent service we only did around $500 transaction with them in order to do a quick test but we were quite happy with the Canadian provider we had selected. These guys are decent backup. It took less than 48 hours to get my account open and trading. If they had proof of solvency and support staff then we would have likely given them an 8 or a 9.
Pros: Low fee (0.5%), has book for XBT/AU (gold). Has online interac payments.
Cons: Not large books, no proof of solvency, lower transparency, called contact number twice during operation hours and got voicemail, email response was next day and was short but answered my questions.
InstaBT - 6.5
General: These guys are similar in concept to a Coinbase. It's small limit purchases of XBT instantly. Site looks a little dodgy but they are an accepted payment method on Vault of Satoshi so we decided to give them a try for about $100 in XBT.
Pros: It was quick and easy and did not require any type of I.D. verification. We had a support phonecall and the guy seemed friendly enough. Lower fees would make this method a 7.
Cons: Has limits and really high fees. I think the fee was around 9%.
QuickBT - 6.4
General*: These guys are pretty much the same as above, although rather than being used for Vault of Satoshi they are used for CAvirtex. The service was all in all the same, nicer website, did $100 in XBT. Only reason for the lower score is when they guy called me to verify my phone number he was a bit of a grump. Lower fees and friendly support would increase their score.
Pros: Quick online interac without verification
Cons: Guy was a bit of a grump, and had really high fees.
Bad Experiences
CAVirtex - 4
General: CAvirtex is a Canadian only exchange. If I am not mistaken it's the oldest one around. They only do XBT and LTC. We did about $10,000 through them before we started exploring other options. A number of accusations have been posted in this sub against them that make them questionable, but their user support, slow time in dealing with funds and general attitude towards there users is what got them the low score from us. There would need to be lots of changes to raise their score.
Pros: Usually the price is a few bucks cheaper here than at other exchanges, not sure why though. You can withdraw your money to a pre-paid debit card.
Cons: In our experience we found it extremely slow to get started. We tried to open an account and it was almost a week before we got verified. We made a deposit via Direct Debit (EFT) and it took about a week before it showed up in our account. When we tried to reach out to support about this it took 3 days before we got a snippy reply. All in all we were not impressed. It's not how people should handle customers.
The Rock Trading - 2.5
General: We had decided to try this Malta based e-trading platform with our Euro funds. The exchange is rather small but has some ok features. Ultimately we only did about €700 before we got fed up using them. They support SEPA payments which is great but their support team could not give a shit about you.
Pros SEPA payments, lots of currency support, BTC shares
Cons: By far the worst support around
LocalBitcoins - No Score
General: Localbitcoins pairs you with sellers in your area, digitally or by meet up and then exchange Bitcoin. Before we got into exchanges I had done maybe $2500 through localbitcoin purchases. You always end up over paying, you have to meet up with the person which is time consuming and you never know who you are going to get.
Pros: The only real advantage to this method is that you aren't going through an exchange and having to verify. It allows those who are worried about their identity to keep it secure
Cons: You end up way over paying for the bitcoins that you purchase, you never know who you are going to get and some users have even been mugged at such meetups. In my case I arranged to meet someone and waited over an hour at the meetup spot and no one showed up.
Next to Try:
-Bitcoin.de
-BitFinX
-BTC-E
-OKcoin
-Bitpay (for sales tool)
-Itbit
submitted by BangAz to Bitcoin [link] [comments]

A master mask maker I met last night using BTC to bypass Western Union & send money to his family of 35 in the Philippines.

I live just up the street from the Waves coffee in Vancouver, yes, the one with the first Robocoin in the world (allegedly).
I am around town quite a bit, so I stop in irregularly to see who is there. One thing I love about Bitcoin and especially having a physical location for it - is the people I meet that have been brought together by it. There is many unique, colourful individuals I otherwise likely would not have met.
Anyways, I am there last night and there is this dude, this guy.. this older dude guy in a big trench coat. He came in to use the ATM, and I am there talking with two young Bit-thusiasts. He overhears me talking and begins talking to us..
This dude guy, is a master mask creator. Telling me he has sold some of his masks for $10,000 - and now plans to accept Bitcoin for his masks and actually KEEP IT IN BITCOIN.
He goes on to tell me that he has FOURTEEN KIDS. They are all overseas, most of them in a big ass house he sends them Bitcoin to pay the rent for in the Phillipines. He says from his 14 kids, many of them have kids/families of their own, so his actual family size is 35.
He goes on to show me pictures, one of the bathroom with two big cups literally overflowing with toothbrushes. The next part of his story, warms my heart -
He goes on to tell me, that over the years he has sent some $1.5 MILLION to his family through Western union. The fees, the wait times, the hardship.. but he had no other choice. Western Union has a near monopoly on this kind of stuff - and they know it - and charge accordingly.
He says now thanks to Bitcoin, he is able to do it directly and bypass them. Now the NEXT PART OF THE STORY - really warms my grassfed heart - big time!
He goes on to tell me, that he is going to open a wallet for each of his kids and grandkids, all of them. He is going to put 2-3 BTC in EACH WALLET, and then just tuck them away... for "20 years from now" he says.
Man, I lost it! One of the BEST Bitcoin stories I've ever heard. I said $%#* stocks & bonds and go on to tell him how my grandmother, bless her non-grassfed heart, left me and my brother $2000 bonds before she left this world.. and on those bonds they would give back a staggering 1% a year, maturing in 20 years time with incremental .25% interest increases each year. $20 a year... $25 the second year.. etc...
In 20 years, I'd have enough for a sandwich cart. Not my idea of a light at the end of the tunnel now is it.
Now this dude guy, his kids, 2-3 BTC each, a couple thousand now, might potentially be millions for them later in life.
Held in their own hands, for their own futures.
Friggin' amazing. I love Bitcoin.
submitted by gfjeff to Bitcoin [link] [comments]

Witnessed REAMDE in real life

(though no one got abducted or shot)
Took a weekend trip to Vancouver to check out the ATM. An older lady started asking me questions about how to use the thing after I did the first palm scans. I made some comment about how cool the whole thing is and she said: "Well no, I'm being held ransom for my excel files."
This is, I'm sure you're thinking, a statement that does not compute. It definitely is hard to parse when you're in the mindset of techno-utopianism. Her explanation, after a moment of my shock: she got a virus on her household computer, its encrypted all her Excel files, and some hacker is extorting her for one Bitcoin and threatening to delete all her files in 72 hours if he doesn't get it.
I tried to help her out, but there's a huge wall to climb in figuring out how to help someone in that circumstance, right? She had a hand-written receiving address that I imagine the hacker was monitoring for payment; it would have been a nightmare to enter correctly into the machine (even if she had copied the CaSe correctly).
It didn't come to that, though, because the machine was having problems. She walked out in exasperation at some point, leaving some cash behind in the machine, and I imagine she (rightly) went to the cops. I called Bitcoiniacs and told them about the situation, a few hours later they (commendably) called me back and said they'd got her straightened out.
The point: this individual has had probably the worst introductory experience with bitcoin possible. I imagine this isn't an isolated event; I imagine that Vancouverites are being specifically targeted by this kind of randsomeware because of the presence of the ATM.
We, as a community, need to get out ahead of this issue, or it will become a PR nightmare. Being extorted for one bitcoin for your excel files is probably the mildest scenario, I can imagine much worse situations. Like, for instance, the plot of REAMDE.
I don't know what to do. Discuss.
submitted by NixPhenom to Bitcoin [link] [comments]

Vancouver, B.C.: Anonymous ATMs, Y or N? Also: Fees?

OK, haven't seen a complete list of the ATMs of Vancouver and environs, with information on how intrusive the KYC is, or how high the fees are. Excuse the messy "formatting". I'll try to keep it up to date by editing the main post. Also, I'll reply in the first post just in case that is not possible. If anyone has newer information, please post it! Thanks.
1 - Waves, at Howe and Smithe, No longer Y. Now: N, requires log-in and cell data. Palmscans. Were 5%. Now?
2 - QuadrigaCX HQ, 322 Water St. in Gastown, Y
3 - Steamrollers on Robson (at Bute), Y - although the eaters seem to be very interested in any transactions. Bitstamp + 0.3%, quite reasonable.
4 - BCIT in Burnaby, Removed, February-ish 2015
5 - 24/7 Thai Vietnamese Cuisine, 986 West Broadway (at Oak). Probably N, as it’s a Robocoin case (running General Bytes software). Was (V of S, oob) + 5%
6 - "Decentral.bangtown", Corner of Richards and 438 West Pender. Y (probably, since it's run by Quadriga CX)
7 - Beta Collective, near KGH Skytrain station, 13637 100 Ave, Not yet in service (June 22, 2015)
8 - Pacific Central Station, Gateway Newsstand, N. Requires cell data. Very high 9% fee, Cavirtex. Camera on top of machine is not in use. Yet.
9,10,11 - SFU bookstores, Van, Burnaby, Surrey. Lamassu. Y?
12 - DMAC Apple, Lansdowne Centre, Richmond. Y? N? Bitpay CAD + 5%.
13,14,15,16,17 - Waves - 2588 Main (at 10th), Vancouver 3% buy, 6% sell - 93 Lonsdale, North Van 3% - 1095 W Broadway (at Spruce), Vancouver 3% - 105 10777 University Dr. Surrey (City Point) - 180 5951 No.3 Rd. Richmond. 3% Bitnational. Y? N?
18 - Healthy Noodle House - 2716 W 4th, Vancouver. Skyhook, Y? N? Bitcoin Solutions, fee: 5%.
19,20 - PC Doctor - 106 2922 Glen Dr. Coquitlam. Cryptopick Genesis Coin Machine. Y. 3.5%. IBAY Computers 2929 Saint Johns St. Port Moody. Y. Cryptopick. 3.5%
submitted by bitocoino to Bitcoin [link] [comments]

Another Beginners Bitcoin Experience

Hey guys,I just wanted to share my venture into Bitcoin because, as I know from experience, I really found reading about the actual experiences of others helpful. There is an absolute wealth of information in these online Bitcoin communities that can be very technical and confusing to a beginner.
I've chosen to use both Blockchain and Electrum as my wallets.
Blockchain, since it is purely an online wallet, I use to hold a small amount of my BTC. I find it convenient to use for transactions and quick transfers since I can use it on my iPhone, Android tablet and PC. However I don't hold all of my BTC in there because from my understanding, it is at some level of risk to be lost or stolen by both outside attackers and the insiders of the website. I think of it as my 'checking' account.
Electrum is what I use as my 'savings' account since it has many more options built into it. Rather than your BTC living on a remote server, they live on your local device's HDD. Your private keys are NOT shared with any remote servers (like they are with Blockchain) and the private key store on your device is encrypted. Also, when generating a wallet with a device connected to the internet, it creates a 'seed' (essentially a 128bit string of random words) that you can use to recover your wallet should your HDD corrupt. Additionally, for added security, you can create your wallet on an OFFLINE device which allows you to then take your private keys and store them on the media of your choosing (USB stick, external HDD, etc). This is beneficial as your private keys are never exposed to an online attack (just make sure you store that USB drive in a safe place!). Electrum is not available on iOS.
As for actually purchasing BTC, I am fortunate enough to live in Vancouver which is home to the world's first ATM. If anyone, locals or otherwise, want to know more about it or how to use it, feel free to leave a comment or PM. At a high level, it creates a personal account for you and authenticates using your palm print. You then have the option to purchase or sell BTC. To purchase, you select the dollar amount first. Then it gives you an option to either let it automatically create a paper wallet for you on the spot (so you don't even have to use either of what i have listed above) or you can scan in the public QR code of your own wallet and have the money transferred directly in. Now when you scan the QR code (on this machine or any other device that is transferring you funds) it will display your wallet's public key. I've gotten in the habit of validating that the first and last 4 characters of my key match up, to make sure my Bitcoins are going to the right place! Based on some simple math, I've found that this machine charges a ~3% commission above the market rate.
As for online exchanges, unfortunately I don't have much advice in that area since I have yet to use one and the best one for you may depend on the country you live in. However, if I ever need to use an online exchange I would sign up with CAVirtex and/or Bitstamp.
Anyways, to wrap this up I hope that even one person found this helpful. And if anyone would like to correct or expand upon anything I've said above, PLEASE DO! I'm happy to be a part of this community and will share any future learnings. I've actually met a few real-life Bitcoin'ers at the coffee shop hosting the ATM (including the owner of the ATM itself!) and all were very friendly and eager to share information. Here's hoping BTC is here to stay!
submitted by mp_bitcoin to Bitcoin [link] [comments]

01-16 16:43 - 'Bitcoin is fraudulent and nothing but insider Trading ...NO, Researchers find that one person likely drove Bitcoin from $150 to $1,000 ....NO. Try more FUD' (self.Bitcoin) by /u/Theguy3993 removed from /r/Bitcoin within 564-574min

'''
Yeah ok keep pumping out the articles about this so funny I would bet the articles stating bitcoin went to 1000$ on fraudulent money is 100% posted by insider traders or Wall St.. And Its no secret Wall St is driven by insider trading. Heck you can watch a documentary that shows how they do insider trading using loopholes of having a couple people down the line get the info that they "donate" money to for information. But anyways I just wanted to post another rant and laugh... Also, if you want to claim bitcoin is fraudulent based on a couple people who traded 36 million dollars worth of a coin worth 250 Billion on average give or take 50 billion or 0.000144% of bitcoin then I guess all banks should close tomorrow since 90% of all money banks handle have traces of cociane on them and clearly came from fraudulent places.
Again, I will state bitcoin will rise and fall like it always does pretty much only falling from fake news pumped in sync with sell offs to try to get more for cheap, and thats fine its so obvious to me also I have traded since before Mt.Gox and the coins never went to its peak and stayed there untill after the fall of Mt.Gox. The timeline may show that right before Mt.gox froze the price of BTC was going up. Until around that time but anyone who used MT.Gox knows that no one could move, trade or withdraw there funds long before it was froze and it finally froze from the lawsuits regarding this so essentially Mt.Gox was out of the game.
And for those who like facts here you are I will include the links also
[link]1
"On 15 May 2013, the US authorities seized accounts associated with Mt. Gox after discovering that it had not registered as a money transmitter with FinCEN in the US.[52][53]
On 17 May 2013, it was reported that BitInstant processed approximately 30 percent of the money going into and out of bitcoin, and in April alone facilitated 30,000 transactions,[54]
On 23 June 2013, it was reported that the US Drug Enforcement Administration listed 11.02 bitcoins as a seized asset in a United States Department of Justice seizure notice pursuant to 21 U.S.C. § 881.[55] It is the first time a government agency has claimed to have seized bitcoin.[56][57]
In July 2013 a project began in Kenya linking bitcoin with M-Pesa, a popular mobile payments system, in an experiment designed to spur innovative payments in Africa.[58] During the same month the Foreign Exchange Administration and Policy Department in Thailand stated that bitcoin lacks any legal framework and would therefore be illegal, which effectively banned trading on bitcoin exchanges in the country.[59][60] According to Vitalik Buterin, a writer for Bitcoin Magazine, "bitcoin's fate in Thailand may give the electronic currency more credibility in some circles", but he was concerned it didn't bode well for bitcoin in China.[61]
On 6 August 2013, Federal Judge Amos Mazzant of the Eastern District of Texas of the Fifth Circuit ruled that bitcoins are "a currency or a form of money" (specifically securities as defined by Federal Securities Laws), and as such were subject to the court's jurisdiction,[62][63] and Germany's Finance Ministry subsumed bitcoins under the term "unit of account"—a financial instrument—though not as e-money or a functional currency, a classification nonetheless having legal and tax implications.[64]
In October 2013, the FBI seized roughly 26,000 BTC from website Silk Road during the arrest of alleged owner Ross William Ulbricht.[65][66][67] Two companies, Robocoin and Bitcoiniacs launched the world's first bitcoin ATM on 29 October 2013 in Vancouver, BC, Canada, allowing clients to sell or purchase bitcoin currency at a downtown coffee shop.[68][69][70] Chinese internet giant Baidu had allowed clients of website security services to pay with bitcoins.[71]
In November 2013, the University of Nicosia announced that it would be accepting bitcoin as payment for tuition fees, with the university's chief financial officer calling it the "gold of tomorrow".[72] During November 2013, the China-based bitcoin exchange BTC China overtook the Japan-based Mt. Gox and the Europe-based Bitstamp to become the largest bitcoin trading exchange by trade volume.[73]
In December 2013, Overstock.com[74] announced plans to accept bitcoin in the second half of 2014. On 5 December 2013, the People's Bank of China prohibited Chinese financial institutions from using bitcoins.[75] After the announcement, the value of bitcoins dropped,[76] and Baidu no longer accepted bitcoins for certain services.[77] Buying real-world goods with any virtual currency has been illegal in China since at least 2009.[78]"
*** In fact I was trading the Down swings around this time and remember it quite clearly and the price most deffinatly did not shoot up with any relation to Mt.Gox if anything Mt.Gox was the reason for the fall from the news and panic!
Also, WAKE UP PEOPLE. Wall St's total value is what 2.7 Trillion that took like 100 years to get. Does no one else realize the magnitude of Bitcoin to them. Bitcoin in 10 years or less including its many other Coins under it is worth 658-758Billion or 0.65-0.75T in 1/10th the time Wall St did it and its getting bigger all the time.
[link]2
I've said it before and Ill say it again there scared because Bitcoin, (and altcoin), traders are used to volatility, We can loose 70% of our gains or investment in a day or an hour and still keep on truckin. But that type of volatility scared the pants off the big traders because they also have investors to explain these situations to and they have no merits to base there explanations on since nothing in the real world short of good and bad news or money in and money out of coins affects the prices very much. And for this reason Wall St will never like it and the fact its outside of there nice controlled systems they designed that benefit the rich and rape the poor. And this new system which does not allow credit, or BS is a new realm to them. Sure there might be some insider trading some of the time but the order books and live stats are available to anyone and everyone equally, unlike stocks where you need crazy memberships just to get short 15 minute delayed stats on the live markets and only the top accounts with over 50,000$ invested can even dream about getting anything better. And you have to pay 6.99-24.99 Per trade the lesser being for the 50k investor, leaving no learning curve for the small guys. So in my opinion its still a way better system and anyone can easily do some research like I have today and not panic sell from every little BS article and simple trade for yourselves. And Bitcoin to Altcoin trades BTW will cost you 0.06-0.08% and Bitcoin/Altcoin to USD (Or your Currency) will cost you 0.18-0.24% on most exchanges or platforms.
If you've read my rant this far I thank you for your time. Some article just really grind my gears :D
PS - Below is some handy trading platforms and tools
I would also like to take a moment just to say anyone interested in a FreeTrading Platform should check out Qt Bitcoin Trader from source forge. Or if your a bit more advanced there is a nice program you can try for free and the trial is the the same as the full version (I have used both since I bought it shortly after) and that is called LeonarDo by margin software a very talented German company.
Qt Bitcoin Trader - [link]3 Leonardo - [link]4
'''
Bitcoin is fraudulent and nothing but insider Trading ...NO, Researchers find that one person likely drove Bitcoin from $150 to $1,000 ....NO. Try more FUD
Go1dfish undelete link
unreddit undelete link
Author: Theguy3993
1: https://en.wikipedia.org/wiki/History_of_bitcoin#2013 2: www*w***dcoinind*x.*om/ 3: s*u*c*forge*ne*/*roje*ts/bitc*intr**e 4: ma**insof*ware.de*p**duct.ht**
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Bitaccess - How to use a BTM (Bitcoin ATM) Bitcoin ATMs - How To Use Them How To Use A Bitcoin ATM How to Buy Bitcoin on a Bitcoin ATM - YouTube Bitcoin ATM - How to use Bitcoin ATM and buy BTC

Bitcoin ATM kiosks are machines which are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin. They look like traditional ATMs, but they do not connect to a bank account and instead connect the customer directly to a Bitcoin exchange for a localized and convenient way to purchase Bitcoin in person. At Vancouver Bitcoin we’ve made the transaction process as simple as possible for anyone. We are here to help walk you through the steps. If you need help choosing the right Bitcoin wallet, o r if you have a crypto related question, just ask, it’s that easy. VANCOUVER—As someone involved in Bitcoin for a long time, I say go ahead, Vancouver. Go ahead and ban those Bitcoin ATMs. They are prominent in the public’s eye, but those machines are hardly The world’s first Bitcoin ATM was opened on October 29, 2013, at Waves Coffee Shop in Vancouver, Canada. The device is often comprised of a scanner, a cash dispenser, and a computer to manage the transactions. Find Bitcoin ATM in Vancouver CA, Canada. The easiest way to buy and sell bitcoins in Vancouver CA. Find Bitcoin ATM in Vancouver CA, Canada. The easiest way to buy and sell bitcoins in Vancouver CA. Producers. Genesis Coin (3022) General Bytes (2622) BitAccess (856) Coinsource (496) Lamassu (493) All producers;

[index] [20435] [7945] [12786] [29573] [20117] [7411] [1711] [152] [20176] [238]

Bitaccess - How to use a BTM (Bitcoin ATM)

Quick instructional video on how to use a ModernTender Bitcoin ATM. Find all of our locations @ ModernTender.com Don't forget to subscribe for more Bitcoin & Cryptocurrency talks. Today I headed down to Cafe Blanca in Calgary, Canada to demonstrate how to use a Bitcoin ATM and easily obtain your first bits. Full disclosure: I am friend... Today I check out another local Bitcoin ATM, so as to highlight some differences compared to my first ATM video. If you find this helpful, be sure to subscribe and check out my other tutorials ... Video explainer of how to use a Bitcoin ATM (also known as a BTM). This video explains how to instantly buy or sell bitcoin at a BTM. Quick tutorial on how to buy Bitcoin on Bitcoin ATM using cash. Step by step explanation of how to purchase BTC on BTMs by ChainBytes Buy Bitcoin ATM: www.chainbytes.com.

Flag Counter