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    Cryptocurrency Daily Discussion - May 4, 2020 (GMT+0)

    May 04, 2020

    Cryptocurrency Daily Discussion - May 4, 2020 (GMT+0)

    Daily Discussion - May 4, 2020 (GMT+0)

    Posted: 03 May 2020 05:14 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.

    To see prior Skeptics Discussions, click here.

    submitted by /u/AutoModerator
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    Shift the narrative until I find something that floats my bags

    Posted: 03 May 2020 09:38 AM PDT

    Ripple Co-founder Jed McCaleb Sold 54 Million XRP in April

    Posted: 04 May 2020 01:51 AM PDT

    Pattern is emerging

    Posted: 03 May 2020 02:22 PM PDT

    Bitcoin Hashrate Surpasses All-Time High Prior to Halving

    Posted: 03 May 2020 01:07 PM PDT

    My bank blocked all crypto trade

    Posted: 03 May 2020 03:19 PM PDT

    Hello. i dont know if its okay to ask for help here. i tried to convert some of my crypto to money, but i just found out that my bank has blocked all trading with crypto, so i am not able to transfer money to my bank account. Does anyone know what i can do about this?

    submitted by /u/pm-os
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    EDI , Freight Trust Network for the logistic industry (OPINION)

    Posted: 03 May 2020 10:21 AM PDT

    What do you guys think?

    I've recently came across this token, and i wanted to know your opinion. Looks to be extremely undervalued considering every metric and the development that has already been put into it.

    Here is a summary of what solutions they provide: https://medium.com/freighttrust/decentralized-physical-settlement-of-freight-and-commodities-a-new-primitive-for-forward-contract-8ed5ae40d582

    And here are some articles i found about them from a well known source inside the logistic industry:

    https://www.freightwaves.com/news/is-blockchain-finally-ready-for-prime-time

    https://www.freightwaves.com/news/digitization-promises-to-level-the-supply-chain-playing-field

    https://www.freightwaves.com/news/smart-contracts-may-offer-smart-solutions-for-carriers-truck-drivers

    submitted by /u/Iamwearingadress89
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    Bought crypto years ago, and don’t know how to report to taxes because I used so many diff exchanges, etc

    Posted: 03 May 2020 04:44 PM PDT

    I feel like I'm stuck in a never ending hell. I want to report my crypto, but can't. I used so many different exchanges, so many different transactions, trading constantly from coin to coin, it's come to the point where I can't handle the thought of it.

    I can't go back and find them all. I can't tell you how I ended up with .xxx of this or that. Literally impossible for me.

    What do I do?

    I am scared if I decide to sell I'm causing hell for me financially for my taxes.

    I don't know what to do.

    EDIT: For others, the advice from the comments below seem to be either, try and go back and get the records and use bitcoin.tax to try and create a cost basic so I can report. Also, another option is to pretty much say your cost basic was $0 and your profits are whatever they are. You'd be paying the full amount, but, no worries there, you'd be paying the max.

    EDIT: Question though, a lot of the responses are great but what about the fact that my trades are from years ago, like, do I amend older taxes, or report now on 2020 taxes if I sell this year?

    submitted by /u/DefensiveHuman
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    Despite the Halving, Is Tether the Real Reason Pushing Bitcoin Price to $10.000?

    Posted: 03 May 2020 01:49 PM PDT

    Using the NFC chip of the Passport to do Proof-of-Work

    Posted: 03 May 2020 11:28 AM PDT

    Blockchain in Finance, Real Estate and Advertising

    Posted: 04 May 2020 03:42 AM PDT

    LVX Token Registered Significant Surge On Play Store Launch

    Posted: 04 May 2020 01:45 AM PDT

    How Can Crypto Achieve Mainstream Financial Significance?

    Posted: 04 May 2020 01:32 AM PDT

    Iran government grants license for operation of a 6000-Rig Mining Plan

    Posted: 04 May 2020 12:30 AM PDT

    Markets dump $15 billion as cryptocurrency correction deepens

    Posted: 04 May 2020 12:15 AM PDT

    Bitcoin Mining Difficulty - What is it And How Does it Work?

    Posted: 03 May 2020 06:25 PM PDT

    Proof of Work - Exodus Wallet

    Posted: 03 May 2020 01:51 PM PDT

    The FED had a cameo in Scott Pilgrim.

    Posted: 03 May 2020 06:01 AM PDT

    Will the CBDC positively or negatively affect crypto?

    Posted: 03 May 2020 12:45 PM PDT

    What is the best mining platform for home/hobby crypto mining?

    Posted: 03 May 2020 06:55 AM PDT

    I have a desktop that I use for gaming, running a GeForce 1660 Super. I started using NiceHash about a month go and I'm now averaging about 0.40 cents per day. Electricity cost is low in my area so I might be making some actual profit.

    I'm mainly doing this for fun but would like to use the optimal platform for profitability. Is there a better platform to use? I like NiceHash because it is easy to use. I'm guessing that most people don't even bother home crypto mine due to the increased mining difficulty for litecoin, bitcoin, etc.

    submitted by /u/Wolverlog
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