
Sorry about the stream getting cut off, friends- YouTube suspended the stream, although I believe my playing of the 60 Minutes segment was fair use. I’ll update you guys, next time: you can watch the rest of the clip via the link in my description!
? Thank You For Watching!
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HELPFUL LINKS / SOURCES
► https://www.cbsnews.com/news/bitcoins-wild-ride-60-minutes-2019-05-19/
► https://bitconnect.io/
► http://whois.domaintools.com/bitconnect.io
► https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia—specifically-bitcoin/?anchor=Transactingwithcryptocurrency#personaluse
► https://www.ccn.com/bitcoin-price-massive-dystopian-panic-recession-2019
► https://www.sec.gov/rules/sro/cboebzx/2019/34-85896.pdf
► https://tradingeconomics.com/venezuela/inflation-rate-mom
► https://beincrypto.com/cobinhood-exit-scams-after-raising-3m-last-month/
► https://bitcoinexchangeguide.com/hitbtc-appears-insolvent-blockchain-analysis/
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00:10 Introduction
01:06 Market Overview
01:34 Poll of the Day!
02:13 Ledger Nano X
03:29 Bitconnect 2.0
06:28 ChainLink
07:34 Tax Treatment of Crypto in Australia
09:45 VEZT
10:32 Bitcoin Price Boom Signals Massive Dystopian Panic over 2019 Recession
12:26 Bitcoin ETFs Delayed
13:55 Venezuelan Inflation
16:24 Cobinhood Exit Scam
18:34 HitBTC Appears Insolvent
19:56 Quote of the Day!
20:45 CBS News: "Bitcoin's Wild Ride"
Its like this, if you still have BCC tokens this might be a good thing.
Are there risks associated with purchasing a used hardware wallet?
I am a former ATO (Australian Taxation Office) employee.
We still have strict rules in regards to recording the cryptocurrency transactions on purchase, transfer and disposal (sale).
When buying the asset we need to record the date, amount purchased in AUD, the number or fraction of digital assets received, the cryptocurrency wallet address it was paid into and any fees involved (this helps to work out the cost base for the Capital Gains Tax (CGT) that will apply on the eventual disposal (sale) of the asset).
When selling the the cryptocurrency you need to record where you sold it, the address you sent it to. The sale amount in AUD, any fees on the sale, the capital gain or loss (based on the cost base and whether or not the CGT discount is applied (for the CGT discount to apply the asset must have been held for 12 months or more. If it was held for 12 months or more then 50% of the gain gets reported in the capital gains section of the tax return, where the capital gains will be paid at the investors marginal rate of tax).
You need to keep the records for a minimum of 7 after the year of lodging the tax return for the year in which the transaction took place.
While it is good that the ATO has clarified the taxation of cryptocurrency. The record keeping is very onerous and complicated.
[This is not a substitute for any sort of taxation advice and is merely a summary of information based off the ATO website. If you want to know more about how the tax works if you are an Australian then please see a taxation specialist].
Hi Omar I sent you a small Bitcoin Cash donation on May 15th (a few dollars). Did you receive it?
Do let me know what you think about countries like Zimbabwe eyeing Blockchain?
https://cointelegraph.com/news/zimbabwe-stock-exchange-eyes-blockchain-based-products-needs-regulatory-clarity
This all delays for etfs are fir the reason. They want to finish their goverment project to control crypto. Several years ago no fucking id when buying btc. When goverment can control btc and USE then etf aproval… taxation is a theft!
Better to trade with high leverage on Primexbt and make real secure profits than visiting Bitc..t 2 and losing it all lol
CZ should suspend the Binance account corresponding to the Bitconnect 2 referral link. End of story
The driving force behind increased cryptocurrency values is the fact that no one can cheat for the first time in history.
That's cool Shrem made it on 60 minutes
bitconnect 2.0 = Scam 2.0
love that ending XD
Despite the news event being largely expected, the Bitcoin price has responded by gaining more than 5% immediately following the announcement)
lol, whenever i watch people do a live stream, someone always has to say Bitconnecccccccccccccccccccccccct!
Good content Omar. Thanks
Bitconeeeeeeect
Omar – bro the FDIC does NOT have enough reserves to pay back even 10% or holdings in banks. It was shown in the years following the 2008 bank crisis that the amount held for insurance was low…
https://miracletele.com/?friend=3315b9205c5f3c look for ur self on earning for stacking every 2 weeks
Where is the link to the 60 minutes episode bro? I can't find it in the description ;/
00:10 Introduction
01:06 Market Overview
01:34 Poll of the Day!
02:13 Ledger Nano X
03:29 Bitconnect 2.0
06:28 ChainLink
07:34 Tax Treatment of Crypto in Australia
09:45 VEZT
10:32 Bitcoin Price Boom Signals Massive Dystopian Panic over 2019 Recession
12:26 Bitcoin ETFs Delayed
13:55 Venezuelan Inflation
16:24 Cobinhood Exit Scam
18:34 HitBTC Appears Insolvent
19:56 Quote of the Day!
20:45 CBS News: "Bitcoin's Wild Ride"
Just curious why Bitcoin Cash is always missing from your top coins list? Every other site seems to have it #4…
Keep watching until the end. YOU WON’T BELIEVE WHAT HAPPENS NEXT
This is great….but how in the world am I going to explain to them about staking eth on makerdao to generate dai and buying more eth, then staking those as well to long eth…..LOL
RIP Shift Card, I had one too and it worked great.
Hi Omar, what's that liquid market cap? Is it something like openmarketcap? Thank you for al your information! Great video! Great channel!
He end was weird you got cut off!! Thanks for creating your video
SEC says ETF delayed. What they really mean is " we haven't accumulated enough bitcoin yet give us a few more weeks"
Then………… the young Cobinhood electrical engineer realized he could just scam money off of people and never work a day ! Such is the scummy Asian crypto market.
lets see it the old tokens r taken back hahahahh
and all the shills who promoted it made sure to say they aint selling hahahahahaha. watch. then they look like gods for isreal. hahahaha we know the old formula od scams. lol
Stay away from Bitconnect. They are thievs who will take your bitcoin and never return it! I know first hand, stay away!! BEWARE!!!
@28:23 "We were asked not to disclose their location"
shows full shot of them entering the keypad code
still have my BCC coins, staking coins on the QT wallet lol. Dont think Bitionnect 2.0 is from the actual developers of the blockcahin (who are not scammers imo) .There are REAL BCC groups on twitter dedicated to the BCC blockchain, you are right 2.0 are prob not legit but who knows. I want it to come back though. btw they NEVER guaranteed 1% per day. somre days were 0%….
Hey… where can i buy a tshirt like yours? Love it!!!
Screw your etf it means nothing
Making my life easy for the bullrun. Stocked up on BTC/LINK/ETH.
I bet you boys stack mad Sat's
Damn, cut him off! Thanks Omar you're a good guy. ???
Sorry about the stream getting cut off, friends- YouTube suspended the stream, although I believe my playing of the 60 Minutes segment was fair use. I'll update you guys, next time: you can watch the rest of the clip via the link in my description!
YouTube and it's algorithms have turned a once thriving informative platform into a Dumpster fire!
They cut off your video.
:/ stream got suspended
I'm surprised you couldn't claim fair use.
Livepeer will kill Youtube.