Bitcoin Forum

Taxes .... But have you ever wondered what percentage of the price of the item is taxes? from 30-50%! how much money flows away in favour of taxation through trading platforms based on fiat?Now think how much you'll save on calculations in bitcoin?! ;)

I think this thread more appropiate place on (https://bitcointalk.org/index.php?board=1.0) Bitcoin discussion instead of service

That's a high tax  :o , what state are you in ?
On my state , my goverment only charge about 10%

We can provide API support for someone who need bitcoin payment

Everyone here are ready to make payments in bitcoin. If there is something I like to buy and it is cheaper to pay in bitcoin, I would not hesitate to pay in bitcoin. Then there are taxes. We don't like them but it's part of life.

I am not only ready to make payments in bitcoin, but i am ready to be paid in bitcoin too - at least 10% of my monthly pay check. I love the idea of bitcoin and the concept, also the amazing security provided by btc (as long as i take all precautions to secure my coins) and the possible value increase as it gets more difficulty to mine them. 10% of my paycheck should be a fair deal, that way even if BTC crashes, i still dont lose too much. I am going to initiate talks with the HR at my company to see if they can pay me a part of my salary in bitcoin... shoudn't be too difficult since my company accepts bitcoin as a payment mechanism. The only real issue i see is related to taxation, since btc is not classified as a currency and my government still trying to make up their mind if btc is a currency or commodity... not sure if my HR would allow this. Lets initiate the conversation and lets see how it goes. :)

not now i will wait for thr better rate once it hit atlest 350$ my cost price

You (and other people like you) need to look beyond the BTC exchange value in $. Look at it as a currency in itself and then you will be able to get out of your slave mindset (fiat slaves). 1 BTC = 1 BTC, do not look at it like 1 BTC = $220. Realise that what you own is unique and has purchasing power of its own. People themselves are to blame if they look at BTC as a get rich quick scheme or tie it back to fiat. The day more people start looking at 1 BTC = 1 BTC, this would indicate a coming of age and the value of BTC would automatically increase. Nothing great was ever achieved in a day or a short period of time. It will take us ages to get out of the mindset of tying BTC back to fiat. The price of BTC falling could be a blessing in disguise, since all the speculators will drop out now as they don't see a value proposition.

This is the average figure in the world, not in the u.s. ;)

Why are you waiting for higher prices, rather than a stable course?
If, for example, the rate is stabilized at 300 $ it will be better than it would constantly jump up then down. ::)

Exactly!

In Silicon Valley a lot of people have started accepting bitcoins as payment for their work. They are always one step ahead of everyone else. ^^

Wonderful people gathered there! the engines of progress!

Where would you spend bitcoin?
Where to buy goods for bitcoin?

If one day all items can be purchased with btc and i mean everything, including services, we can forget about its equivalent fiat worth. 1 btc = 1 btc

 ;)

As there's nowhere in the real world that accepts BitCoin, I don't see it as a payment method yet. Right now I see it as a investment because BitCoin's too volatile, but when it becomes less volatile I'll see it as a payment method. Whenever I can go to the store and buy food, or to the gas station and fill up the tank that'll be when I see it as a currency.

bitcoin needs to be way way way more accepted, if just the big merchants like mcdonalds, burgerking, starbucks etc. accepting it would be gold. Still waiting for one of these big fastfood retaurant to accept it.

Too bad their not. What would be great is to see Wal-Mart accept BitCoin. They are HUGE, imagine what that would do for the coin.

I would like to buy items in a legal way using bitcoins but the fact that bitcoin is not a recognized currency by online shopping portals and hence there is no way I can use it online. I wish it becomes a legal one soon.

i've been making payments in bitcoin for past two years

I feel like my bitcoins are too valuable to do basic payments, it feels like paying with a metal so to speak. Anyone feels the same?

Isn't that one reason why a lot of merchants give discounts while accepting bitcoin ?
However, if they use services like bitpay, then maybe they still have to pay the taxes

I already use bitcoin as my payment ;)
dont ask me why :D

still we are to far from this if this is to happen any time soon this will be huge for price.
also we will have more then, companies and even bank will try to get in this with huge investments

but i image this that i can go downtown, sit drink coffee with juice then pay with BTC credit card, and then go to shipping with wife and kids and then again pay in BTC

this would be great

I pay with my coins for gadgets.. gamble with me..n recently even paid to buy pickle from across the globe.! :D

I already make some payment with bitcoin, only for video games / mobile charge
But, i don't want to pay bitcoin if they require to use specific wallet like Coinbase / Xapo

My body isnt ready.

I feel ready, but I had this mental limit in my head when my btc balance would reach that point I would spend it, but then the price dropped and it feels like robbing myself to spend it at this point in time. I did some small payments allready, but still waiting to buy my first whiskey with BTC :)

Yes, I do this on almost daily basis.

I use Mycelium (https://play.google.com/store/apps/details?id=com.mycelium.wallet) (Android), and sometimes breadwallet (https://itunes.apple.com/app/breadwallet/id885251393) (iOS). Both are excellent, user friendly, very easy to use Bitcoin wallets.

There is no excuse anymore NOT to pay with Bitcoin.

Bitcoin transactions also provide benefits like investment.
For example, a Facebook investor buy Bitcoin at a price of US $ 11 million on April 11, 2013.
Then, in September 2014 the value of Bitcoin soared to US $ 44 million or rocketed 400%.
The Singapore government is utilizing Bitcoin to obtain tax,
transaction Bitcoin US $ 500 thousand per day, this high potential :D

...

I agree with above comments that it's too bad that more merchants are not accepting BTC for payment.  Yes, if a Wal-Mart or Big Mac would start taking it, then that might mean we reach critical mass, and Bitcoinistan™ would really start to take off...

Here's a company that will take Bitcoin, I have used them twice (both times paying with Bitcoin), highly recommended!

providentmetals.com (http://providentmetals.com)

SWIFT Event to Discuss Bitcoin's Impact on Banking

http://www.coindesk.com/swift-event-bitcoin-banking/

An event to be held by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in New York next month is set to include a panel of payments and cryptocurrency professionals.

The Business Forum panel will discuss cryptographic protocols and their potential impact on correspondent banks, those that provide services to other financial entities.

Head of banking markets Wim Raymaekers will moderate the panel, which will include Cheryl Gurz, managing director of the Emerging Technology Segment at BNY Mellon Treasury Services; Marc Hochstein, editor in chief of American Banker; and New York Law School professor and Coin Center fellow Houman Shadab.

The payments communications network is the creator of the Business Identifier Codes (BICs), more commonly known as SWIFT codes, which are required of banks to process wire transfers.

Panelists will discuss the way cryptographic protocols are affecting and challenging wire transfer, automated clearinghouse (ACH) payments and other existing technologies and money-moving solutions for global banking and cross-border payments.

"The practice of correspondent banking [is] still at the heart of most cross-border payments. However, every day we read announcements in the press about new entrants, startups and crypto-protocols challenging correspondent banking," the event summary reads.

SWIFT works with more that 10,800 banking and securities institutions worldwide. It is also the host of the annual SIBOS conference for financial services industry members.

The Business Forum will take place 3rd March at the Marriott Marquis in New York. The crypto-protocols panel is scheduled to begin at 13:30.

yes of course
im ready for that.
because i like bitcoin to make payments.

for this i will agree
but this is something that will have to change personalty dont like booth of them

iam doing payments since 1,5 years now, nothing new.

I make payments with bitcoins all the time. I also get stuff from amazon with the cards I purchase from bitcoin as well.

I'm ready and expecting to make more payments in Bitcoin.
Right now, most of my digital payment, such as buying domain, hosting, subscription, game voucher, are using Bitcoin. I save some money in Bitcoin, and get paid in Bitcoin too for my signature campaign. I've been doing these since 2013 and I'm glad I found Bitcoin.

yes but when did you pay for coffee in btc, we have one  coffee shop that accept bitcoin that was nice.
i will visit it in next days just to see.

I pay for items with btc, ready to pay taxes if option is made available