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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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palai85
post Jan 16 2018, 05:23 PM

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QUOTE(UserU @ Jan 16 2018, 05:16 PM)
user posted image

Time to close all trading windows and just distract oneself.
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HODL HODL HODL is the WORD
palai85
post Jan 20 2018, 11:22 AM

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QUOTE(Secruoser @ Jan 20 2018, 09:15 AM)
If it's $1 for 500 sats and $1 for 1000 sats then yes, it's the same when you cash out, but this scenario cannot happen at the same time because if $1 is 500 sats, then 1000 sats is $2.

When people speak of the importance of sat values, it means that whenever you are gaining from altcoins, they are at the mercy of BTC's fluctuations (assuming that your altcoin is only paired against BTC). Consider this:

ALTCOIN X : 10000 satoshi per unit
BITCOIN: 10000 satoshi = $1
ALTCOIN X $ value: $1 per unit

ALTCOIN X gains 100% in satoshi: 20000 satoshi per unit
BITCOIN gains 10% in $  = 10000 satoshi = $1.10
ALTCOIN $ value: $2.20 per unit

OR,

ALTCOIN X gains 100% in satoshi: 20000 satoshi per unit
BITCOIN drops 50% in $ = 10000 = $0.50
ALTCOIN X $ value: $1 per unit

So unless more coins and exchanges become more independent and less reliant on BTC, the crypto market is always at the mercy of BTC. If Wall Street/government/corporations/mainstream media manipulate BTC, that means they manipulate the whole market as well. Thus, the crypto market can only be stronger against such manipulations if the market share is more distributed across many coins instead of centralized towards BTC.
The article refers to cryptocurrency business' income tax, not individuals. That means companies who run businesses pertaining to cryptocurrency like Luno. Maybe Luno didn't pay their income tax that's why bank account kena frozen.
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thanks for sharing this good info

 

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