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Of course if you learn and work smart inside bitcoin you can become a millionaire in some ways. You can be a bitcoin merchant all you have to do is buy bitcoin at a low price and sell it when the price is high from the price difference you can make a profit. You can also be a signaturecampign if you have the ability to post something about bitcoin and can translate well so you have the chance to earn a weekly and monthly salary to become a true millionaire.
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If the goverment put tax to bitcoin transaction, what will the consequences?
The profit will decrease and attraction also decrease in my opinion. How about yours
If the government makes a tax on Bitcoin of course this will make a little panic for Bitcoin users because now we all know that one of the reasons Bitcoin users is to avoid taxes if using real cash. but until now I still believe that the government will not withdraw taxes from Bitcoin because of the complicated calculation system and also the anonymously Bitcoin nature that makes bitcoin very keep secret users. there must be strong regulation as well as a very systematic understanding to be able to adopt taxes in the Bitcoin system. probably the easiest implementation can be applied to an exchange so anyone who withdraw bitcoin to real cash then that will be applied tax. I think this is just the beginning for bitcoin to further expand because if the government has used tax on bitcoin it means that bitcoin has been approved by the government as a legitimate means of exchange. Imagine if bitcoin is acceptable in all the stores out there and all the biggest online stores like amazon, ebay and others, then definitely bitcoin will be the world currency or unifying currency so if you want to get out of the country do not have to bother doing money exchange. You can directly spend it in other countries and this is a tremendous freedom of transactions. |
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I think the peak of bitcoin is around $8000-8100. It never went up beyond that, do you think it could? Right now its below $8000
I do not think so because bitcoin already has many enthusiasts in various countries and is so popular that many use it as a means of transaction and investment so that bitcoin prices go up. Even if the bitcoin price goes down, it's definitely not that big, so I'm sure the bitcoin price will stay in the 8,000 USD range or even the bitcoin price will peak at the end of the year at a price above 8,000-8,500 USD. |
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No.
There are more people using banks than bitcoin right now.
This won't change over night. Some people are used to what they are using right now.
They won't just adapt in a flash.
Yeah lets say for me in my family they use banks I don't think they will just like to see bitcoin growing and bank disappearing. I think the bank will just convert the money of the people to bitcoin, but they are to much people that they don't use bitcoin so yeah. If you begin to see the world increasingly changing from the means of communication, transactions and other tools have begun to the modern world where people prefer to live with the various technologies and conveniences provided. I see bitcoin is the beginning of a very profitable modern transaction tool and already has a lot of interest if the bank did not immediately update the technology in terms of transactions then did not rule out banks will disappear because people will tend to choose the ease provided by technology. |
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I See topics about banning and I want to ask.
Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.
In some countries prohibit the entry of bitcoin because bitcoin can not be regulated and tracked by the government in transactions and bitcoin is also considered a currency whose exchange rate is so fantastic that it is considered to weaken the country's original currency. Especially in a communist country where the economic system in the community is really regulated by the state so it is prohibited by the state. |
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yup it is unpredictable if you are not aware on what particular market or product that you are in with, especially if you are talking about bitcoin or alt coin market it is hard to know which coin will go up and down but you are correct with all the things that you said those things are the basic that you need, the main thing for me is the decision making avoiding to put your emotion with regarding the trade for me it is very important.
Predicting something will go up when prices are falling can cripple a trader's finances, especially since we can't know for sure how the market will react to further news or information that may become available. Of course you can predict even though your prediction is not perfect but can minimize the risk of loss. Suppose you want to sell bitcoin of course you should already have a target on who you sell or in which group you sell and you have to predict the nature of your prospective buyer he wants what and what kind of coins so in sales you can make sure yourself or sure coins You have someone who wants it so as to reduce your sales risk. |
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You have to take the middle way of selling it partly and keep it partly because now the bitcoin price reaches its peak of about 8,000 USD where it becomes the highest bitcoin price in bitcoin history so if you sell it you will get a lot of profits and I think the bitcoin price will go down again but not too low and then it will rise again.
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bitcoin prices fluctuate due to demand in the bitcoin market, if market demand for large bitcoin will increase the bitcoin price and if the market demand is small then the bitcoin price will drop. all depend on our bitcoin enthusiasts bitcoin price analysis is now soaring as market demand for bitcoin is bigger than other coins whose market demand is still small so bitcoin occupies the top position for criptocurrency.
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which occurs when bitcoin prices go down based on observations about the rise and fall in bitcoin prices You should not sell them because falling bitcoin prices will not be long even sometimes after bitcoin prices fall tends to soar. Bitcoin price is unstable compared to other coins but the price tends to increase.
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Bitcoin increases because the number of bitcoin enthusiasts is not proportional to the number of bitcoin so many people compete to collect bitcoin even though the number of bitcoin in the world is still small so it can drive a fantastic bitcoin increase price.
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I think for now the bitcoin is unstoppable because of the growing number of enthusiasts every day, making the bitcoin price keep increasing and making bitcoin as the currency with the highest exchange rate increase. Bitcoin is unstoppable not because bitcoin is the only criptocurrency present in the world but because of the uniqueness of bitcoin and its increase is very fast compared to other criptocrrency so bitcoin occupies the top position in criptocurrency.
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The difference is that bitcoin applies to all countries whereas the original money applies only to certain countries only, bitcoin can also be a very good investment than the original money because of the very high increase, bitcoin is not regulated by the government, the price increase Can not be determined by the government is different with the original money tightly regulated by the government, bitcoin can not be falsified but the original money can be in fake.
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my biggest regret about bitcoin is i was late getting to know bitcoin. I know bitcoin since 2017 while bitcoin has started since 2009 if I knew from the previous year, I am sure I will achieve financial freedom in my youth and my second greatest regret is I did not quickly invest a bitcoin time price which is still around 3000 USD this is my deepest regret because my time is wasted a lot. So for you to invest in bitcoin or coin coins that just appeared before this will be your regret too.
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because bitcoin is a digital currency that can be used all over the country and is the fastest growing currency exchange rate in the world so that if people do not know and have not used bitcoin then you will be left behind in terms of future transactions because it is easy to use and can be an investment very good.
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Because bitcoin is feared could lower the value of native currency in a country if the community has started doing lots of transactions with bitcoin. Bitcoin also can not be governed by the government so that if there are people who store wealth in bitcoin then the government will not be able to find out and bitcoin can also threaten banks in a country because of the ease of transaction and bitcoin can be a good investment so that banks will feel afraid to be abandoned and switch to bitcoin.
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the first time i just got to know bitcoin i also have not got the guts to buy bitcoin but after i start looking for information about bitcoin and have joined in social media groub and i start to see people people and friends i already have big enough income from bitcoin so i start believe that bitcoin is not a fraud. Sometimes there is a bitcoin investment site that will give bitcoin every week or month after we invest the bitcoin you have but when you invest it you do not get the bitcoin that has been promised. So if you want to invest bitcoin you have to be careful and ask first if the site is not a scam.
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