What Is The Bitcoin Stock
The BTC stock-to-flow method is a price prediction model popularized by PlanB. S2F is based on the ratio between the stock and the flow .
Its often thought that PlanB is the creator of the S2F model itself, however, that isnt the case. The method has been used in the past for other assets like gold and silver, but PlanB was the first to implement it for Bitcoin. In this way, PlanB is the creator of the Bitcoin S2F chart, although not the core concept itself.
The stock-to-flow value of an asset like BTC shows how scarce it is. The model relates this value with the price and gives a prediction based on that.
Here is the latest price chart based on the S2F model for BTC:
Bitcoin price according to the S2F model | Source: buybitcoinworldwide
As is visible in the above chart, the method has been remarkably close to the real thing in its predictions. Although there have been a few points of deviation, the price has always eventually aligned back on the curve.
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Percent Of Brazilians Want To Make Bitcoin A Legal Currency
According to local news outlet Valor Investe, a study conducted by Sherlock Communications using the research platform Toluna indicated that 48 percent of Brazilians want Bitcoin adoption, with 31 percent agreeing and 17 percent strongly agreeing. The study included persons from Argentina, Colombia, Costa Rica, El Salvador, Venezuela, and Mexico, in addition to Brazilians.
In the area, Brazilians were the most supportive of bitcoin recognition, with 56 percent approving El Salvadors approach and 48 percent indicating they want Brazil to follow suit, according to the research. When questioned about the state of cryptocurrencies in Brazil, 31 percent of respondents thought the country is making progress, while 35 percent claimed the South American country is still lagging behind other countries. Furthermore, 23 percent of those polled believe there will be many more Bitcoin users in the future, while only 4% believe it has no future in Brazil.
Brazilians invest in Bitcoin primarily as an investment diversifier, according to the report, with roughly 55 percent of respondents doing so. With 39 percent of Brazilians, protection from inflation and economic instability came in second. On the other side, 37 percent of respondents stated they buy BTC and cryptocurrencies to stay current with technical advancements, and 92 percent of those polled are familiar with Bitcoin, compared to only 31 percent with Ethereum.
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Other Ways To Get Bitcoin
Want to get your hands on some Bitcoin without actually buying it? There are a few options available:
- Charge Bitcoin for goods and services. You can request payment in Bitcoin instead of BRL.
- Mine Bitcoin. Its now extremely hard for any individual to make money from mining Bitcoin. However, if youre still interested, learn more about Bitcoin mining here.
- Earn free Bitcoin. Although time-consuming, there are a handful of legitimate ways to earn small amounts of free Bitcoin through online games and Bitcoin faucets.
What Are The Taxes
Bitcoin is not considered a regular currency in Brazil, not officially, thereof. The Central bank considers it meager in import to be subject to any solid regulation. Still, as it is considered a Digital asset, it is treated as an asset, nonetheless. Therefore, it is subject to Income Tax.
As the bitcoin is more of a status quo rather than a real coin to the Brazilian government, talks and debates are still ongoing on how to deal with it as a currency. BTCs are declared under the account of other goods when reporting Income tax when the value is more than BRL 1,000. In sales transactions, if the profit earned is more than BRL 35,000, the amount is subject to income tax.
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Brazilian Federal Deputy: Youll Soon Be Able To Buy Mcdonalds Using Bitcoin
Following the lead of El Salvador, nearby Brazil may soon be using Bitcoin as currency. Thats according to Federal Deputy Aureo Ribeiro, who said Brazilians will be able to buy houses, cars, and McDonalds with the worlds largest cryptocurrency.
This is possible thanks to the passing of Bill 2.303/15 last Wednesday, which seeks to provide a legal framework for virtual currencies. But, the Bill faces a final hurdle in passing before the plenary of the Chamber of Deputies in the coming days.
The Chamber of Deputies is considered the lower house of the National Congress of Brazil, and it has 513 members who are elected every four years. The plenary is the Chambers foremost body, where deputies convene to discuss and vote for proposals.
Ribeiro said Brazil needs this to formalize the use of cryptocurrency and to attract foreign investment. The upshot will see Bitcoin being used in day-to-day transactions.
We want to separate the wheat from the chaff, create regulations so that you can trade, know where you are buying, know who you are dealing with, and have this asset to buy a house, a car, go to McDonalds to buy a hamburger, it will be a currency in the country as it happens in other countries.
According to Ribeiro, the proposal has strong support in the Chamber of Deputies, and he sees few obstacles stopping its approval.
How To Keep Your Bitcoins Safe
There are a few simple rules that ensure your coins security:
- Never share your BTC private key with anyone under any circumstances. No one is entitled to require it from you.
- Check and double-check every transaction. There is no way to get your coins back if you made a mistake, as transactions in blockchain are irreversible.
- Dont publicly boast of your crypto holdings. This includes online boasting under your real name or identifiable and\or trackable pseudonyms.
- Create a separate email for your Bitcoin wallet and dont use it for anything else.
- Enable Two-Factor Authentication for your wallet to ensure its security.
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Payment Options In Brazil
Bitcoin is an interesting and versatile currency: you can purchase bitcoin via bank transfers, debit or credit cards, cash deposits, or forms of e-payment All of these are actually available for Brazilian investors though each comes with its own set of advantages and disadvantages.
Bank transfers are cheapest of the payment options but take time to finalize . Credit/debit cards are more expensive but are almost instantaneous as you need up to ten minutes for the transaction to be confirmed. Cash is the most private and very expensive when compared to others while e-payments are similar to credit cards though come with less security and high fees.
First Crypto Investment Fund Approved In Switzerland
Switzerland has broken new ground following the Swiss financial regulator issuing approvals for a domestic cryptoasset investment fund and a domestic digital asset custody service last week.
Just days after Chinas central bank commented that bitcoin and other financial blockchains were a threat to economic stability, FINMA formally approved the first investment fund of its kind in Switzerland, in order to facilitate serious innovationin a consistently technology-neutral way.
The new Crypto Market Index Fund will be open to qualified investors, enabling investment into cryptoassets with a sufficiently large trading volume.
Considering Switzerland has one of the largest banking sectors in the world and accounts for an estimated 25% of global cross border asset management, the chance for investors to gain additional exposure to cryptoassets could be exciting for the space.
This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results.
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Local And International Exchanges
Local exchanges can be a great place to buy Bitcoin in Brazil, but this sometimes comes with high transfer fees, long transaction times, and low availability. In many instances, an international exchange may suit you better. There are a variety of options to choose from including centralised or decentralised exchanges. You can also choose whether to buy Bitcoin with your Brazilian real or whether to use another cryptocurrency to do so. Different exchanges will facilitate different payment methods, some are fiat-to-crypto only, while others offer a greater range of crypto-to-crypto pairings.
If you want to use Brazilian real to purchase Bitcoin, you need to create an account on an exchange that offers this capability. Depending on the exchange you use, you can use your debit or credit card to directly purchase Bitcoin, or you can use other cryptocurrencies. In these instances, you will need to make a minimum deposit into the wallet which can be directly linked to the exchanges dashboard. The benefit of this method is that long transaction times can be avoided, fees can be minimised, and you have better control over your money.
Visa Positions For A Multi
As funds flow into different blockchains across the digital asset ecosystem, Visa is looking to get ahead of the curve.
The payments giant has outlined its vision for a Universal Payment Channel , that will
serve as a network of blockchain networks connecting different digital assets such as stablecoins with future central bank digital currencies.
If previous efforts are anything to go by, Visas efforts to incorporate crypto could meet with success. In March, the company started allowing users to settle USDC payments directly on Ethereum, and more recently showed its commitment to the ecosystem by purchasing a CryptoPunk NFT.
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Summary: Guide To Buy Btc In Brazil
What Are Available Payment Options in Brazil?
You can buy bitcoins in Brazil with help of credit cards, bank transfers and e-payments…
Trading in bitcoin has become so popular that there is a growing demand for information about it in different countries.
We will discuss the exchange platforms in which you can buy or sell bitcoin in Brazil as a promising new market. We review these exchanges in terms of fees, verification requirements, payment methods available and security features.
Will Bitcoin Be Legal Tender In Brazil Soon
That was the headline the whole crypto-media ran with. Their minds connected fact one with fact two and their articles almost wrote themselves. It was only logical. Sadly for their credibility, they were wrong. The second fact is only Aureo Ribeiros thoughts and wishes, but those ideas are not present on the bill. The bill wants to regulate and exchanges and other service providers to register.
In a Twitter thread, Brazilian journalist Saori Honorato clears things up leaving nothing to the imagination. the bill DOES NOT make any mention of bitcoin becoming a legal tender in Brazil. This bill has been in development since 2015 and giving bitcoin the status of legal tender is something that has never even been considered in Brazil. In fact, a search on the bill itself reveals that it doesnt mention Bitcoin once. Enough said.
2) The recent statement of deputy Aureo Ribeiro in which he says that brazilians will soon be able to pay at mcdonalds and buy houses with bitcoin is nothing but a personal opinion. Dont get confused.
To sum it all up, its a cryptocurrencies-focused bill whose content has been heavily discussed. Is there something new in there? Honorato again, An extra of the bill is that it determines the increase in the penalty for crimes committed using crypto, such as money laundering. If the law is approved, anyone caught laundering money with crypto could get up to 16 years in prison in Brazil.
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Extremely Important Things To Look For When Choosing Your Exchange:
There are incredibly large amounts of scammers and hackers in the crypto space, due to the decentralized nature of cryptocurrencies. It has been extremely important since day 1 to do your research before buying Bitcoin and the need for analysis is becoming more crucial every single day. You don’t want to feel your palms sweat and anxiety take over as you realise your hard earned money is gone. As you might have already read, more than $11 Billion worth of crypto has been stolen since 2011. Read Top 5 crypto scams and how to avoid them to learn how to keep your crypto safe.
Being decentralized, thus having no central entity, Bitcoin has no support number you can call if you lose your coins.If your crypto is stolen, it’s usually gone for good!
If you manage to avoid the scammers, you are still vulnerable to high fees from rogue exchanges. This is the wild west and if you are not careful you can lose your money.Other things you need to look out for when choosing a digital currency exchange are:
Crypto Is Not The Second Coming Of The Messiah Musk
Elon Musk has again put forward his views on crypto, telling US regulators to do nothing. His comments referred to his belief that possible government action could slow down advancement.
An advocate of letting it fly, he hopes cryptoassets will eventually help reduce the errors and latency in legacy monetary systems.
Unlike previous comments, his views did not seem to impact price action dramatically, but considering regulation is such a hot topic at the moment, dont be surprised if we see more and more comments weighing in on the space as it continues to capture public interest.
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Is It Worth Buying Bitcoin
Like any investment you have risk of gains and losses, with Bitcoin it is no different. The advantages are numerous, the acceptance is also very favorable.
If you like financial investments, you can see that Bitcoin has quite a few happy fans and that they have achieved attackable financial independence from the cryptocurrency market.
In the end, it’s up to you to decide how to invest in Bitcoin, and if you are able to enter the online trade. Always good to consciously research and buy.
The Best For The Last
Nominex users will be able to trade on Binance for free. The thing is that Nominex is preparing to become a Binance broker right now this functionality is already developed
In fact, you will be able to trade on Nominex with all the trading pairs available on Binance. All Binance liquidity will be available on Nominex. The users funds will also be stored in Binance wallets. Thus, Nominex will get rid of its main drawback a small number of coins, trading pairs and low liquidity.
At the same, the conditions of free trading for MAX partnership level owners and discounts for other levels will also persevere.
All of the above will make the trading process on Nominex as profitable and safe as possible.
Bitcoin has started October with a bang, exploding towards $50K in hope of a long-awaited ETF approval.
The leading crypto added 10% in just a few hours on Friday, as traders cheered for Uptober and celebrated the support of some of the loudest regulatory voices. Securities and Exchange Commission chairman Gary Gensler renewed his backing for a Bitcoin Futures ETF on Wednesday, and Fed chair Jerome Powell said on Thursday that the central bank has no plans to ban cryptoassets.
Meanwhile, Tezos hit all-time highs above $9 on NFT mania, and Algorand, Chainlink, and Enjin made double-digit gains. Compound, however, bucked the trend by dropping 7% after the protocol mistakenly gave out more than $90 million to users.
This Weeks Highlights
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Is Btc Legal In Brazil
The legality of bitcoin is somehow obscure. An agenda was presented to the public in 2015 with three goals summarized, the bill emphasized that:
- digital currency payments are considered legal payment arrangements they are already so as per legal definition
- digital currency business is subject to Federal Law of consumer protection
- operations involving digital currencies are subject to anti-money laundering policies.
Thus, it is considered legal to deal with Cryptocurrencies in Brazil, albeit that it is subject to restrictions and regulations similar to financial and business dealings. Additionally, since 2009, transactions with BTC are subject to a tax of 15% of gains on the transaction, provided that the amount is less than $10,600. It is considered legal to deal with BTC in Brazil.