Im a US citizen and am still confused with the current crypto tax interpretation. In October of 2017 I traded some litecoin for another crypto. Then in January 2018 the tax bill passed and eliminated the like to like exchanges of crypto.
My interpretation is that since I made the trade before the law changed then I did not create a taxable event. Am I wrong in this interpretation?
Tax is for everyone.... Government used this system for our own good also.... But in this case if we are the one who pay taxes I will surely agree if we are also the one who will be benefited by it.... Working here is not easy and if tax is really impose here somehow it will affects us especially if we are just inly starting here... But if the government use our tax to develop our security against scammer and hacker then probably tax is great.... |
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You know that's true.... They realy want to see people in the verge of problem.... Government are always promising that they realy want to help people.... They are always saying that they will do their best to help everyone but the reality is they just knly want to help themselves.... They are all rational thinker they always thibj first themselves before other.... And now the crypto currency emerge.... They really want to stop it and banned for what purpose to destroy the only hope of many people.... Cryptocurrency is really great.... If all of us know it surely we cant escape from our problem.... THIS IS THE ERA OF CRYPTOCURRENCY THEY CAN NEVER STOP IT.... |
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There are a lots of reported countries in asia which is agree with the legalization of bitcoin.... Especially in Philippines.... The government legalize it because they know that there are a lots of uses of bitcoin in developing the status of their country.... There are a lots of Filipino who are now a crypto user and probably one who recognizes the importance of bitcoin and other crypto.... It is a good starting point in promoting bitcoin all over the world.... Beyond of a lots of reported scam related to it.... Filipinos are very optimistic and so on the government.... |
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The reason why people people considering cryptocurrency is modern way of a job because it can be more efficient to the person who knows deeply and also have more knowledge about crypto world. They make this as a full time job, they also find ways to get money through cryptocurrency. They also study hard and learn more things like creating blogs or websites to be paid them with cryptocurrency however others find another ways to earn profits they also participating in bounty. They made this things as a job because for them as long as they earn profts they considered this as a full-time job.
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Greetings! I am planning to invest $5,000 in cryptocurrency but I do not know how to invest. And where should I invest? - in Bitcoin, in alternate cryptocurrency, or in ICO? I’m asking for an investment strategy for professional traders or investors out there.
You know investing is great if you know how to make a good strategy on how to invest your money and coin well... Invest half of you coin in a good ICO and hold the other half... Though investing is quite risky still it is a good source of income... But make sure that the ICO you've invest is better and safe... Because if not even how good your strategy is still it is useless... |
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Its no longer news that an ICO in Japan has lost over $400 million to hackers. They promised to pay back investors who invested in their ICO. Thsi is a huge loss. After I read that news, I began to wonder. How safe is Bitcoin and Other altcoins? What measures should we take to avoid being hacked ?
I honestly agree to you.... How could we know if we are away from hackers and other person who has a negative motives here.... Today that problem is the most common problems of a lots person.... We can't predict what will happen to us in the future so we need to be always aware about it and also we need to know how to prevent from being a victims of this wrong doing.... But still bitcoin is safe in our wallet as long us we didn't exploit and show the private information about our account and electronic wallet we will still safe.... We are always expecting that BiTcoin will continue to develop its security.... |
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Every one has his own speculation about bitcoin every ideas matter. Guys what's yours.
You know that idea is still happening now why because as a crypto user we cant chnage the fact that we are also engage in any transaction happening in the market of cryptocurrency so in that way we are using it also as our currency though we can't consider it as we are using it as our primary currency... But we've using it also so it is not possible that soon we will use it as our everyday money.... And also we are hoping that other people would recognize it already.... |
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I have always supported bitcoin and its anonymity. Today, we heard about the users who got hacked after they logged in to myetherwallet. This wasn't the first time some users got hacked and there is no doubt it will happen again. It can happen to all of us. There is no difference you are holding bitcoin, Litecoin or Ethereum. All of us wish it was possible to punish that hacker. But all the holders are anonymous. So, anonymity is not always good. What is your opinion about cryptocurrencies anonymity considering this issue?
Yes honestly I agree to you... Today it is not possible to be a victims of this hacker.... For me it is not something about our anonymity here is the reason why hacking is just like a common works in cryptocurrency... For me this idea realy help us not only to ensure that we are always safe but also to make sure that we are secure... Because if used our true identity here probably not only our electionic wallet are on danger but also ourselves.... Imagine that hackers are not only aware of your wallet but also your identity.... Possibly the can use that already to threaten us so tha its easy for them to do their plan.... So our anonymity here is very important.... |
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Yes absolutely it is the best to combine cryptocurrency and fiat money, we know that both of these two types of medium of exchange is have a greatest significance. However both of them are good because it helps people in anyway like fastest way of transaction. So that the idea to combine completely the cryptocurrency and fiat money is one of the best solution to improve our future generations.
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Investment in education is so very important for all people, education in the fuel of our entire life educations brings us to uncomplicated ways of life. Investment in education can we considered to be unlimited wealth and it gives us the greatest possibilities to steps along tje roads of our success. Without education our whole life will become useless and worthless because as I said before, "Education is the fuel of our life".
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Bitcoin dipped to 7500$ and i think now it is danger zone could go to 3000$-4000$ again.
Good chance for newcomers, sorry for those who bought bitcoin at 18,000$ an 11,000$ 
What do you think? How low bitcoin can go? Just hodl it Yes.... That's why professional crypto user used this strategy.... This strategy is quite good but it needs a long time just to earn your profit... Holding strategy is good if you have a dozen of patience.... But selling also is better but you needs a lots of knowledge to do it.... Yes you will not lose money if you hold but if you want to try selling try it.... It will help you both but it depends on your strategy..... |
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We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
Electricity is the major capital of crypto user.... Without it we can't perform our works here.... Our job here needed it just like how we hardly need the internet.... It is very hard to work if we are lack of it especially if we get devastated by storm, hurricane and other calamities that surely could ruin the connection of electricity.... It will bring a very big problem especially if the country you've belong needed a lots of time before it survive.... It is the most common problem of crypto user... But if we want everything nothing could obstruct us to do what we want.... |
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Buy and hold strategies are often recommended for long-term investors who have time to ride out the ups and downs in the markets over a period of years. They are also typically appropriate for novice or uneducated investors who do not understand the markets but still need long-term growth or income.
Market timing strategies may work in any time frame as long as the market is timed correctly. This, of course, does not always happen, and no timing strategy has ever shown itself to be foolproof.
Which investment strategy do you prefer?
Both strategies in investing is good and great... But it depends to your decision.... Holding is quite better if you have a long patients in waiting because holding strategy takes a long time period.... And buying as well is great especially if you know how to decide well and if you always have good timing in buying coins.... Proper market timing is really needed here... If tou know how to handle your coin well you will surely succeed in every thing you did.... Proper waiting and making a good decision is good strategy especially if you are involved in crypto works..... |
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In the study of economics, Investment mean any addition in physical stock as well as stock of finished goods, or you can say any putting money in anything for the motive of profit.I want to know your opinion that what are main challenges for small investors in any type of business now a days, If he/she has nothing after his investment?
For me there is no difference if you invest a little or not... But if you have a huge capital in investing it is muvh better because surely you will earn a lots especially if it succeed.... The only difference is if you invest a little the profit you will get here is less than investing high... But it is better to invest even a little amount than nothing... Every bigtime investor start investing with a small capital... So its okay as long as you invest..... |
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We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
For me the main reason is we have a limited resources of information about bitcoin.... But even there are a few way to study about cryptocurrency.... People have limited knowledge to understand about the cryptocurrency... Sometimes it affects us a lots... But if we get a solution about this problem cryptocurrency will be a perfect for our community... And surely it will really help us... |
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