RE: Bitcoin to $91.000? Bittrex removes ALTCOINS

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Bitcoin to $91.000? Bittrex removes ALTCOINS

in dlive •  7 years ago 

$91K? We can only hope. The only fear I have is that trying to cash out this BitCoin will be a bit of a nightmare ..

  1. When the price went to $20k, the transfer fees were ridiculous - especially bad for those who like to hold their BTC in private wallets rather than leave it on the exchange (at one point, I paid a 100% transfer fee on a simple $30 movement from wallet to wallet). One can only imagine how bad the fees would be at $90K
  2. The taxman is hip to cryptocurrency and he wants his share ... but the laws seem to be very disjointed between nations. Is it taxable only when you convert it to cash? What if you had the coin before the tax laws came in? How will atomic swaps be handled? Should a utility coin be treated differently than a store of value?

The Lightning network may solve #1. Regardless ... these are exciting times :D

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