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    Cryptocurrency Daily Discussion - June 3, 2020 (GMT+0)

    June 03, 2020

    Cryptocurrency Daily Discussion - June 3, 2020 (GMT+0)

    Daily Discussion - June 3, 2020 (GMT+0)

    Posted: 02 Jun 2020 05:12 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 The prior exemption for karma and age requirements is no longer in effect.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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    this was just broadcasted in live tv in Los Angeles

    Posted: 02 Jun 2020 04:03 PM PDT

    "And here we have a wild Bart in its natural habitat" - David Attenborough

    Posted: 02 Jun 2020 08:26 AM PDT

    [News] Joe Rogan uses the Brave Browser! Check clip from his latest podcast with Reggie Watts!

    Posted: 02 Jun 2020 03:47 PM PDT

    Citi warns markets are out of step with grim reality

    Posted: 03 Jun 2020 12:08 AM PDT

    8 DeFi wallets to try in 2020

    Posted: 03 Jun 2020 03:28 AM PDT

    $QNT now on Kyber Network and ead more about Quant, how we’ve solved Interoperability and are bringing financial institutions and enterprise to blockchain.

    Posted: 03 Jun 2020 01:25 AM PDT

    According to Binance we shouldn't trust Binance 100%

    Posted: 03 Jun 2020 04:45 AM PDT

    Reputable places to buy crypto from the UK (in either GBP or USD)?

    Posted: 03 Jun 2020 02:14 AM PDT

    I currently have some coin with eToro (which I can't withdraw, so I plan to sell it at the same time as buying elsewhere) and Coinbase (which I can transfer, but the fees for buying here have been quite high). Both of these places also don't seem to have a great rep here!

    I'm curious where others in the UK buy from? I'm having trouble finding places (that don't turn up some concerning reviews/comments when searching). Also, many in the UK seem to have rip-off rates in GBP (if I compare to how much coin I get for GBP vs USD, the difference is far greater than the exchange rate) - I can easily pay in USD (my bank converts at the Mastercard exchange rate with no fees), though most UK-aimed sites seem to only let me deal in GBP (and I'm not sure I can purchase from non-UK sites due to KYC etc.).

    Note: I'm looking to buy and send to a hardware wallet immediately, so looking for good prices in total for that.

    submitted by /u/DanTup
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    Arthur Hayes (Bitmex CEO) tweets BTC “basis is starting to get juicy,” hours before BTC dumps more than $1,200 in one hour

    Posted: 03 Jun 2020 01:26 AM PDT

    It was the first thing I noticed. Already feeling more secure

    Posted: 02 Jun 2020 09:29 PM PDT

    OMG Network can take USDT transactions off chain

    Posted: 02 Jun 2020 01:09 PM PDT

    Bitcoin drops down to a low of $8,600 on BitMEX as $96 million longs get liquidated

    Posted: 02 Jun 2020 09:11 AM PDT

    I would like to exchange knowledge. I am a tax accountant that has been researching crypto tax rules, but I'm not sure what common questions are.

    Posted: 02 Jun 2020 07:03 PM PDT

    TLDR; Ask me common tax questions related to cryptocurrency and I will see if I have an answer. I'll only give answers I 100% know is true. If I don't know, I will say I don't and research into it. I'm good with answering regular tax questions if you have them. I've got 5 years experience in those.

    Long story short, I have been looking into starting a virtual accounting firm. It's not close, so this isn't an ad or anything. Maybe in a few years. I'm also not interesting in trading myself. I just want to be the scorekeeper. I have noticed that many people seeking virtual accounting also trade cryptocurrency, so naturally I started researching if it is any different than short term securities. From what I have seen, it's not that much different besides when trade currency to currency. I want to know if I'm wrong.

    If there are a lot of the same questions, I will make a tax guide. I'm an accountant. I love makin guides.

    Questions I have -

    1. Do you receive a 1099 of some sort when you transfer between wallets?
    2. Has your cost/basis been on reported any 1099?
    3. Has anyone checked "no" on their 2019 return for the question asking if you held virtual currency and received a letter from the IRS?
    4. How common is it someone that works a full time job and PROFITS more than 40k in trades?
    5. Would you use a bookkeeper/tax guy that only works after normal business hours?
    submitted by /u/Gas_Pumper
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    Bitcoin Mining Pool Outflows Surge Just Before Bitcoin Dips Back Below $10,000

    Posted: 02 Jun 2020 08:55 PM PDT

    AVA Labs integrates Chainlink's Real-Time Price Data

    Posted: 03 Jun 2020 05:09 AM PDT

    I've just been scammed

    Posted: 02 Jun 2020 11:21 AM PDT

    Hello,

    I've just been scammed using the www.HodlHodl.com platform. I'm stupid. I'm crying, my skin is burning and my body is shaking. I've lost all of my money. It's not a lot to most probably, but I've been scammed of 0.1747BTC and no longer will I be able to move out as I had planned.

    I've listed Revolut as the payment method for the BTC I was selling. The scammer told me that they'd send me the funds just by using my phone number. I gave them my number and then I received a notification from Revolut with the following text:

    "Confirmation: A payment of €1650 with the reference "Sam btc" has just been received into your account and is currently pending. The payment can not be reversed but will be released within 2-4 hours due to difference in locations."

    I didn't want to release the trade because inside of the Revolut app there was no money, but that message being sent to me from Revolut made all the difference. I was still reasoning with them that they can't expect of me to release the payment without the money having been received by my account but.. They've talked me into it. I've completely bought into it because Revolut's number is the number that has sent me that message + my friend sent money to me many times using just my number (which surprised me back then)..

    Transcript of our conversation

    This is the scam message

    This is my BTC going into the generated ESCROW address

    This is the address to which the BTC ultimately went.

    This is the scam account on hodlhodl.com

    :(

    Small update: hodlhodl.com refuses to share the information of the scammer so, I guess that scammers are free to go to hodlhodl.com and try out their ingenuity? If a scammer succeeds in scamming someone through hodlhodl.com, hodlhodl.com will protect the them..

    submitted by /u/Gandeloft
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    Trading Bitcoin futures is gambling where you will lose most of the time if you stay long enough.

    Posted: 02 Jun 2020 10:25 AM PDT

    Cryptos On The Forefront Fighting COVID-19 Backed by Trillions in New Funding

    Posted: 03 Jun 2020 12:34 AM PDT

    Wikihow do I know when to sell

    Posted: 03 Jun 2020 12:25 AM PDT

    Week in Eth News - a succinct summary of all the latest news in the Ethereum ecosystem

    Posted: 02 Jun 2020 02:21 PM PDT

    Neo, Microsoft, Accenture, SDX and Digital Asset launch InterWork Alliance to standardise token powered economies

    Posted: 02 Jun 2020 07:35 AM PDT

    Bitcoin logarithmic regression and under/over valuation of cryptocurrency marketcap

    Posted: 02 Jun 2020 11:06 PM PDT
    Read more
    at

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