Investments? When you buy a crypto currency, what are you investing in?
Value store, which will come in handy after US defaults on its debts.
Value store is not an investment. And a US default is extremely unlikely.
CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
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Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#42Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#43The number one automatic tax calculation is CryptoInsight (https://www.trackr.im/), they're coming up with a new version that automatically synchronize your exchange/s accounts and trading, according to your country of origin (for tax purposes).
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#44The number one automatic tax calculation is CryptoInsight ( https://www.trackr.im/ ), they're coming up with a new version that automatically synchronize your exchange/s accounts and trading, according to your country of origin (for tax purposes).
FYI - they are using TKR token for their project - https://coinmarketcap.com/currencies/trackr/
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#45Earlier quoted context omitted.
Value store, which will come in handy after US defaults on its debts.
In your opinion, what is the probability of that happening?
In my opinion, it will happen around 2040 with almost certainty, but probably in the form of hyperinflation out of debt, rather than actual default.
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#46These coin/porfolio trackers are a privacy nightmare. You're basically telling some stranger your detailed crypto finances, and it's unknown how your data may be used. One of the golden rules in crypto is to never disclose your holdings to anyone on the internet, yet people are using these apps without a second thought!
Why is that a golden rule? Genuine curiosity.
I believe people say that because by announcing your digital assets you are making yourself a target and raising the opportunity benefit of compromising your computer and/or web accounts.
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#47Investments? When you buy a crypto currency, what are you investing in?
Value store, which will come in handy after US defaults on its debts.
In the extraordinarily unlikely chance of that happening you're going to want guns, ammunition, and a food supply, not digital Beanie Babies.
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#48Does anybody else not worry about providing access to their investments via direct access to the various exchanges? If they are hacked, they have a direct pipeline to my accounts? Surely not all exchanges are setup to provide secure read only data? And what about the initial auth connection? I just hate to add another point of vulnerability into an area that is no doubt being heavily targeted by hacking groups
to be honest anything with "tracker" in the name gives me the creeps, to begin with.
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#49Earlier quoted context omitted.
Delusional dreams of vast riches seems to be the common theme.
While you're being downvoted, I wouldn't necessarily disagree. On the stock market (which we consider a more legitimate investment), share price is entirely driven by perception and the amount of buyers vs sellers. This resembles cryptocurrencies as well. The difference, however, is that there is an underlying company you're betting on with a stock, and buyers often believe that a company will have more buyers in the…
There maybe little in the way of special regulations for cryptocurrencies but certainly fraud is still illegal, no matter the specific industry or asset.
I think when people say there are 'no regulations' it communicates an idea that theft, fraud and/or violating contracts are not prosecutable. Maybe that's my own flawed interpretation but I believe that's how it comes across to the average person.
Re: CoinTracker raises $1.5M to make tracking cryptocurrency investments easy
#50Earlier quoted context omitted.
In your opinion, what is the probability of that happening?
In my opinion, it will happen around 2040 with almost certainty, but probably in the form of hyperinflation out of debt, rather than actual default.
If you think hyperinflation is coming on, you should be buying as much real estate as you can right now and lock in a 30-year low rate financing. When hyperinflation hits, your debt will just evaporate away!