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Cryptocurrencies, and the next big thing

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Interesting the tax dept, thinks there are 500,000 to 1m, crypto currency traders in Australia.

Cryptocurrency traders
With the growth in crypto-assets in recent years, it is estimated that there are between 500,000 to one million Australians that have invested in crypto-assets.

While cryptocurrency has been used to move funds within the black economy and hide money offshore, it can be also linked to unexplained wealth and undeclared taxable capital gains.

This year, the ATO is collecting bulk records, including purchases and sales from designated cryptocurrency service providers, as part of a data-matching program to ensure people are paying the right amount of tax.
 
upload_2019-7-8_12-45-15.png

Whilst I have been on the same page as Mr. Buffet and co regarding crypto currencies.
What FB is doing is genius in my opinion and will work.
It's not really something to invest in as it's strength will be in it's stability.
This one really could be the gamechanger and banks should be freaking out because it will take down a big chunk of their business. It will also help people in corrupt countries avoid huge losses when corruption starts to bear it's fruit.
https://blockgeeks.com/guides/understanding-facebooks-cryptocurrency-libra/

upload_2019-7-8_12-50-5.png

https://blockgeeks.com/guides/what-...currency-the-most-comprehensive-guide-part-2/
 
Anybody out there that knows how to Stake and use these new fangled Crypto Wallet Swapsy thingys that are near sunshine coast willing to help an old bugger out with some knowledge....

Can pay.
 
oilleak said:
Anybody out there that knows how to Stake and use these new fangled Crypto Wallet Swapsy thingys that are near sunshine coast willing to help an old bugger out with some knowledge....

Can pay.
Click to expand...
you mean a memory stick style hardware storage?
 
againsthegrain said:
cardano (ada) is the talked about coin right now, anybody hold any?
Click to expand...
Not alot due to the current market conditions looking to buy when there's a correction, tho i hold alot if XRP ( currently in court with SEC)
I think it has a lot of potential to be the platform coin where curriences get transferred. But also ADA / BNB / uniswap / XLM are the coins I will be investing,
With regards to BTC , well yes its the preferred storage coin, Tho other 3 years of trading crypto I've moved away from it now,
Many reasons, Right now its overvalued, could only be a coin based on storage value (due to the volatility, will never be deemed a currency), The energy currently used to mine is roughly 1% of the worlds energy consumption. Cant see that being good for the future once the big wigs have finished pumping properguanda on the preferred coin,
Most important point , who ever has more than 50% of the ledger will be in control of allowing or denying transactions, which currently its estimated to be owned by China with in 10 years - due to its large mining pool created
 
Dark1975 said:
Not alot due to the current market conditions looking to buy when there's a correction, tho i hold alot if XRP ( currently in court with SEC)
I think it has a lot of potential to be the platform coin where curriences get transferred. But also ADA / BNB / uniswap / XLM are the coins I will be investing,
With regards to BTC , well yes its the preferred storage coin, Tho other 3 years of trading crypto I've moved away from it now,
Many reasons, Right now its overvalued, could only be a coin based on storage value (due to the volatility, will never be deemed a currency), The energy currently used to mine is roughly 1% of the worlds energy consumption. Cant see that being good for the future once the big wigs have finished pumping properguanda on the preferred coin,
Most important point , who ever has more than 50% of the ledger will be in control of allowing or denying transactions, which currently its estimated to be owned by China with in 10 years - due to its large mining pool created
Click to expand...

I also hold some xrp been a while, anyway I don't see how mining btc is worth it and if I was a miner id definately mine something else so I share your view there.

I notice alot of non stock/trading communities are starting to spruik ada so im considering to put a punt on it.

My only dilemma is the exchanges that do trade ada want a photographic copy of id documents which doesn't go down well with me as opposed to a proper digital verification with a government affiliated agency where license or passport numbers are verified against a database. Btcmarkets is one of those but they don't currently trade cardano
 
againsthegrain said:
I also hold some xrp been a while, anyway I don't see how mining btc is worth it and if I was a miner id definately mine something else so I share your view there.

I notice alot of non stock/trading communities are starting to spruik ada so im considering to put a punt on it.

My only dilemma is the exchanges that do trade ada want a photographic copy of id documents which doesn't go down well with me as opposed to a proper digital verification with a government affiliated agency where license or passport numbers are verified against a database. Btcmarkets is one of those but they don't currently trade cardano
Click to expand...
You will have no problems trading ADA on Swyftx exchange
 
Ooops ...coldwallet.......Do a google.......There aren't too many out there ........good info on the Google search.
 

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