The capitalization of bitcoin transactions reaches billions of dollars but governments of any country can not get revenues or income from these transactions and this makes governments in many countries complain of the existence of bitcoin because it is considered a threat to the economy of a country. Should tax apply to users who do bitcoin transactions? When are users comfortable with this situation? what is the right regulation to address these issues to help each country improve its economy?
Tell me and who is going to force those laws, how they are going to make people pay for each transaction, how they can even proof if a transaction took place, people could always argue that they are sending money from one of address to another address that belongs to them, this is no really different than taking money from your left pocket and moving your money to your right pocket there was no transaction, this happens all the time on the blockchain when people move funds from one address to another so unless you are able to link the identities of people to their addresses this is going to be impossible. |
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There are many threads like this on the legal section. If you want to ever cash out, and you did trading (not just buying once and holding, but trading around, specially between alts in more obscure exchanges) you better kept track of absolutely everything, otherwise the scammer in the government may steal your coins as soon as they are sold and deposited in fiat in your bank account.
They will ask for entire trading history and so on. I have never cashed out because of this and many are on the same situation. There's nothing clear about things yet. Just hold and see what happens.
Correct, that is the greater risk right now when you have your money in the form of a cryptocurrency the government really cannot do anything to take it away from you but the moment you choose to go to fiat they have all the power and they are not going to be shy about showing they have all the power, if you ever want to see your money again you have to comply with everything they say, this is why it is about idea to cash out right now it is better to let other people go through the process and learn from their experiences after that happens and you know what to expect then you can cash out. |
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for me i prefer to invest on altcoin for now cause bitcoin is always fluctuating and i have doubts the price will not increase on this month so much better to covert all your bitcoin and invest on alt cause the growth rate of alts is growing.
You are talking about altcoins as if they did not fluctuate when it is very obvious that all the altcoins are more volatile than bitcoin, second trying to use altcoins to protect the value of your investments is often not a very good idea after all there is a very good reason why bitcoin is considered to be a store value, so if you want to protect your investment probably this will be a good time to invest in those stable coins, the only problem is that you never know if those coins are really backed by as much fiat as they say, so you are taking a huge risk as well. |
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Hello
its really F*** up right now. i wanted to sell some coins next week now i see the bitcoin lost more theen 1,5k$ in past days without any reason there is no FUD or anything else rigth now but it still go deeper and deeper.
you think the mark of 8-9k$ is soon back?
I'm not trying to be harsh or anything, but did you knew in what you are getting into when you bought bitcoin? Right now bitcoin is losing about 9% in the last 24 hours and for bitcoin that is not really a big movement or anything, that is just the way it moves, since you are asking to go back to 8000 or 9000 I suppose that is the price at what you bought right? If that is correct then you have not lost so much money but you need to learn to be very patient when it comes to bitcoin the last time we had a huge crash like the current one it took bitcoin years to recover. |
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Well it stands to change the very foundation of which we do finance and which we communicate that finance. Hard to imagine a kid growing up in the future and not having a Bitcoin account, prior to them having a bank account. And if Bitcoin is present and this becomes reality then we won't have to convince kids or the younger generation to take to Bitcoin, they just will. And because the progression will be natural for them, Bitcoin will thrive in the next generation like it can't for us. We have a lot of people who are resisting it hard and that is because it isn't natural for them, or it doesn't seem right. The next generation will think this was always the way, this was always correct.
The problem is getting there, how are we going to get to that scenario? It is very easy to imagine a future in which everyone uses bitcoin for their everyday transactions but for that to happen we will need to go through a lot of difficulties, for example governments are going to oppose it they will not want that people can use a currency not printed by a government in order to make their transactions in their countries, they will not be able to control the economy as they can do now and they will not be able to enrich themselves the way they do now, it will be good for us but not for them. |
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As reported by news.Bitcoin.com, although a staggering amount of capital has been flowing into ICOs, statistics for 2018 show that of the 74 offerings completed so far this year, around 76% will end up in the red. Why are so many ICOs trading at a loss, or worse, failing? Some blame the sluggish recent performance of such high profile tokens as Bitcoin and Ethereum....
Blaming bitcoin or ethereum for why this happened right now is very cheap, the reason most icos go down in value and are not growing is very simple, most icos are not worth your investment and are just scams, copied projects or simply bad projects with no value at all, it is completely unfair to blame bitcoin or any other coin for what is happening right now, I'm pretty sure that when the price of all the coins in the market were going up they were not blaming bitcoin for that they were probably saying that all of that was because of them and if that was the case then I do not see how they can excuse themselves with such a lie. |
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Today, the Internet World is full of people who are called economists who say bitcoin is a "bubble." they seemed to spread fear, uncertainty, and doubt. They say that the bitcoin high price rally will be a disaster. however, it looks like they just hate cryptocurrency. many of these experts do not fully understand bitcoin.
Bitcoin is special. This is not a company that can lose profitability and fail. This is certainly not a speculative real estate scam that could collapse due to government and bank fraud. Bitcoin is something else. Its value does not increase due to market lies. This is increasing because it is a life-changing financial discovery. This increases as more people adopt it.
Bitcoin also grows as a result of basic economy. Its supply is limited to 21 million units and this certainly makes assets scarce. If something is scarce and many people want it, then, its value will eventually increase.
So.. Bitcoin is not Bubble!!
Bitcoin is not a bubble we have known that for a long time, however that does not mean that the price of bitcoin cannot bubble once in a while and that is what we saw in the recent months and that is why we saw the current crash however more than bitcoin I see many altcoins as a problem since you can create an unlimited amount of altcoins by just copy pasting the code of bitcoin, altcoins are the main culprit of what is happening after all many people invest in those coins not because they believe in the projects but just as a way to make money and that is just speculation. |
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Source: https://twitter.com/CryptoBoomNews/status/978741085953503232It was just announced that Twitter has confirms ban on crypto ads starting from today. It follows the steps took by FB earlier. Google is going to do so in June. Is there any effect to us? And what should we do aside of keep calm and do not rushed into panic selling? We gotta fight for this. But how? What's your opinion? There is nothing to do twitter is a centralized social media site and they can do whatever they want with their site, what we must do? The same we have always done to adapt to the new circumstances, new cryptocurrencies will need to find another way to promote themselves among people, it is difficult right now to think about what can be more effective than advertising in those platforms but at some point someone is going to discover another way to bring new investors to projects still in development. |
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Since, from my experience, I never know where those right places are, I think the best approach is to try to do at least something rather than thinking of a strategy over and over again. Of course I agree that working smart is better than working hard, but to be smart you have to get some experience first, so I think it's better while you are young to concentrate on working hard, and then after some years of hard working it will be easier for you find a way to work smart.
I agree with this, it will be a lot harder to figure out how to work smarter if you do not have any experience trying to work harder, as they say the necessity is the mother of all invention, how are you going to create a way to do something in a more efficient manner if you do not have hands on experience in your field of work? This is why working hard goes hand in hand with working smarter, only after having years of experience doing something you will get insight about the ways to improve the process and tools of your trade. |
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For me, the best thing here is to be yourself make your own path here, don't just rely on the experts strategy, make you own strategy based on your experience, you can do better here for as long as you are willing to take the risk and you will see at the end that it is so worth it to take risk.
That is by far the best thing to do, people can be very lazy and as such they prefer to get advice of someone else and while there is nothing wrong with listening to some people that have huge experience and knowledge about a particular subject the truth is you will never appreciate the effort it is needed in order to be able to reach your own conclusions and not only that, if you only listen and follow the advice of someone else then what you are going to do when that person no longer gives you advice for free? You'll be lost and you will not know what to do. |
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As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.
Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.
Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?
I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.
What do you think?
Thank you.
Nothing is ever fair and bitcoin is not an exception to this, what you are saying is just true for any technology out there, those that invested earlier get the most profits so I cannot see why this is right in everything else but somehow it's wrong when it comes to bitcoin, anyone is free to join bitcoin and buy it right now if they don't do it that is their choice and they will have to face consequences of those choices, then you state that for those that come late it will be better to keep their fiat but if bitcoin really becomes as successful as some people think they will have no option, this is similar to what happened to those that used Windows XP they resisted for years to not upgrade but eventually they will have to do it. |
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This is a clear sample of the idea of freedom. The freedom to view something and not to censor results are the rights of a person. When google said it will be blocking cryptocurrency ads, it is showing how powerful google is to manipulate the web to view just the content they want. I think this move by EU is good to show to anybody that people are not that easily deprived by their rights.
Google banned cryptocurrency ads not search results, however it has been shown time and time again that Google manipulates those search results in favor of itself and its businesses this means that if you are in direct competition with Google you have no chance and even if you are not in direct competition if in the future Google decides they want a share of the niche in which you are then you have no chance to win against it, to me antitrust laws application against Google is long overdue and I hope the laws are applied harshly against it. |
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IMO BTC is going to continue to trend down and settle around a range of $4,500 to $5,500 at a new psych level. Reasons are slow adoption world wide from other countries than Japan and growing competition from alts.
That seems too low and the reason for that is if you think that bitcoin is going to settle around those prices then that means that at some point bitcoin will probably need to go close to a price of 3000 dollars at the lowest point of that dip and that seems incredible unlikely, I do not see bitcoin reaching that price because I think if that happened then everyone will invest all the money they have in bitcoin right away and it will shoot the price up once again so it seems the range in which bitcoin is trading right now is the range we are going to see for a long time. |
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At the moment, there are a lot of ICO projects. It is quite difficult to identify among them those who have a future, in which it makes sense to make investments. I studied the Digipharm program ( www.digipharm.ch) and I can say that these guys offer very interesting innovations in the field of healthcare based on blockchain technology. When it comes to icos it is quite difficult to know which one is going to be successful and which one is going to fail, after all there are projects that are very obvious that are scams and reach huge market caps, and that is very surprising to me but eventually those coins crash and those that invested last lose all their money and then they blame the project and everyone that came before them not understanding they should have understood it was a scam, this is why investing in icos can be very difficult because a good project can fail and a scam coin can give huge profits for those that took the risk. |
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Although it is wonderful industry it isn't quite safe to sustain in the market field for too long. I prefer the regular job!
Crypto is something I actually use as a hobby. Investment hobby has accidentally come into my life.
I also hope for the possible profit an expect the brighter future from my portfolio.
I ain't involved in the trading and investment constantly but at least I enjoy my actions in the market even when I am ending with a loss.
I have the limitations with which I can sustain my financial greed and this can help me quite a lot not to exaggerate my trading capabilities.
I still prefer the steady job more than the work for the cryptocurrencies and I ain't afraid of the market demise.
I agree with this, while the potential to make profits in this market is huge something that cannot be underestimated at the same time we need to be very mindful about our expectations in this market, this is still a young and speculative market and while I have my full faith in bitcoin at the same time we cannot deny that there is always the danger that political actions may turn bitcoin into something illegal and if that happens then full adoption is not going to be a possibility anymore it could even be possible that those that possess crypto could be prosecuted, so we need to also earn fiat and not to concentrate only in bitcoin |
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what if the top 6 coins on marketcap is worth 1 trillion each by 2020? where would that put us at? is 10,000$ invested make us a millionaire yet? lets say new york turns into a blockchain city and chicago turns into blockchain city. they start investing we see coins in the trillion. this is where i see the market going. just thinking ahead and the future.
It is very unlikely that we are going to have such a distribution in the market cap of the coins, but if the market cap grew that much that will mean a market cap of 8 to 10 trillion dollars, that is huge compared to what we have now, that will be 30 times the size of the market, this means that an investment of 10000 will yield on average a profit of 300000 that will not be enough to make you millionaire but it will definitely set you in the right track and if you invested even more than that then you could get to your goal the only problem is that is very unlikely that we are going to reach such a huge market cap in such a short time frame. |
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Is it possible that all bitcoin users who invest at the same time will benefit all? and no one user loses money?
Not that is not possible, you need to understand that if you want to earn money then someone else needs to lose money it is not complicated, money is not going to come out of nowhere someone needs to inject money in bitcoin and other cryptocurrencies and those that bought at a cheaper price can now sell for a nice profit selling their bitcoins to the ones that are buying right now, it is a very simple concept, does this mean that at the end there are going to be a huge amount of losers? Yes, but that happens in any investment as well. |
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If you are so well versed in the markets you should understand that the bubble is easily blown away but it can also be easily inflated. Where you have confidence that the whales don't stop now the sale of coins? They have long returned their investments in bitcoin. Why can't they take the risk? Expectations in the market are very high. The price may go up instantly.
I don't know why people are so negative the op is losing money like most people but the price of bitcoin is still way above the levels of the previous year and of all the years before it, if you are not in profit even with the current prices it has to do with your inability or reluctance to buy bitcoin when it was cheap, anyone that bought at the beginning of the previous year still has tremendous profits and this holds true not only for bitcoin but for almost any other coin in the market so if someone is losing money despite the huge growth then it is the fault of the trader not of the market. |
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1 million is really optimistic but in the crypto world, anything is possible.
I do think that we should diversify to coins like ETH and NEO which has a stronger use case than BTC if we really want to benefit.
Anyway I think it will take a year or 2 before we really see the market cap of crypto cross 1 trillion even.. so 1 mil for BTC will be a few years away
Diversifying can be a good choice but if you already have an amount of bitcoins you are comfortable with I think you do not really have any reason to diversify, bitcoin is the strongest cryptocurrency in the market by far and that is possibly not going to change in a long time if ever, so a case could be made that for those that got a decent amount of bitcoin they do not really need to do anything else except make sure they do not lose their bitcoin, for everyone else like us we need to try to diversify our investments in order to make more profits with the increased risk that carries. |
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It's just a case of market cap, supply times by total supply. 1 million coins at 1 cent each is the same as 1 coin at ten thousand. A lot of people who are inexperiences don't understand this and just see that bitcoin went from under 1 cent to now $10,000ish and think that this can be the case for other coins under 1 cent. Unfortunately those days are gone, even coins under 1 cent are mostly from ICOs raising at least $10m, that would mean even if they matched bitcoin's market cap they would only reach a price of about $150.
The number of coins circulating is mostly irrelevant for all purposes, what it is important is the market cap, for example in the most extreme scenario lets suppose we have a coin with a market cap of 1 million dollars and with a single coin of circulating supply that coin will be worth 1 million dollars but that doesn't mean that the project is worth anything in fact it will be one of the projects with the lowest market cap, despite having a very high price for each coin. |
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