i would continue to use bitcoin if i were there, i would simply avoid to exchange it for fiat, after all is the final target of bitcoin
And how would you consolidate it in your accounts? I mean how would you show your earnings from bitcoin in your tax documents? to me i still never get such a huge amount from bitcoin for which i can pay tax, i think i am earning some amount from bitcoin which can only assist me in controlling my daily expenses. |
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In my country it is also ban, if someone try to do gambling in their places and if the government come to know about that then they immediately arrest them.
yes that is the same situation in our state also, recently when i came out from my house i just saw some police men rid on a river band where some people were busy in cards game and they arrest them red handed. |
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I heard that some people have been arrested and charged with "transmitting money without a license" for selling Bitcoins.
Does this mean it is illegal for me to sell my Bitcoins?
where on earth you are on?I think there are fefw countries that consider bitcoin illegal but you can always use vpn etc to buy or sell your coin i think there are so many other activities which are illegal in our country for example gambling is totally illegal in our state but still people play gamblin g illegal, i think its just for information purposes to know that either buying or selling of bitcoin is legal or illegal in country. |
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i think i never missed a good time to sell bitcoin, as i like long term investment therefore i do not care the the little ups and down and never think about that i have missed a good time to sell bitcoin and book profit.
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0.5 btc is a decent amount as JJ said--I would definitely not risk that much trading shitcoins or even speculating on the price of bitcoin. I'd buy and hold, but there are many different birds in the forest. One of the great things about these exchanges, like Yobit and Poloniex is that you can start really, really small. Like a few cents is all you need. Try doing that in the stock market with $10 or more commissions for each buy or sell order. Forget it.
So anyway, good luck. But as others have said, trading anything crypto is super risky. Be careful.
yes there is no doubt about this that 0.5 is a good amount for trading, but to if you are going to invest a good amount its mean that you are minimizing the price risk of losing your money, therefore more investment mean less risk of loosing money. |
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if you just join a signature campaign you can certainly grow your bitcoin, but it also depend on your rank, if your account rank is about member then you can certainly get good amount from a signature campaign.
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yes to me short time investment is very risky and you can book lose any time. but long term investment is very good and you really get a good and conform profit from long term investment.
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actually i have no business at all. as i am a government servant and receiving salary from the government, but i have a plan that after getting retirement i will surely start business and then i will receive bitcoins from people.
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to me bitcoin is too good than paypal. i personally have no account in paypal therefore i have no experience of it, still i can suggest that bitcoin will be more better than paypal.
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to me it is really such a difficult job, as the price of bitcoi is trading below 600$ then how can it cross the 4000$ just in one year, i do not think so, i think it can hardly reach to 1500 USD at the end of 2017.
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we have just taste a downfall so the price of bitcoin are not going down any more, as the price is trading below 600$ for a long time therefore it is now expected that the price will increase too much .
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So why is everyone freaking out about a "low price"? Because everybody thought bitcoin halving = doubling difficulty = doubling the price of bitcoin. I'm one of them to be completely honest with you guys. When it pumped to 785$, I was all like "Okay, the pump is just starting." Until it went lower and lower and now we're stuck in this price which is much better anyway compared to the price before the pump. yes that is right to say, i think the after the previous pump the market take a little correction and now the price of bitcoin is really trading in a good mood and hope that it will again take another pump and this time hope that it will cross the 1000 Dollar price very easily. |
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as we can see that in 2016 bitcoin remain so successful so we can expected that at the end of 2016 bitcoin will cross the 1000 USD level very easily, even after that it is expected that the price of bitcoin will continue the momentum of increasing the price of bitcoin.
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hope this time the price of bitcoin will increase and will not fell down any more. as the price of bitcoin has still so much potential to reach to a high price therefore we ca expect that the price of bitcoin will not fell down any more.
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in just a week the rate of bitcoin start to up and now the rate is $584 in polo and its got dump and pump in buy and sell column. i take a look on the column, its so fast movement in BTC-USDT. but for the history its stable in rate $581-$584. don't know what will be happen next, just hoping that the rate will up to $600  hopefully everything is according to plan we expected. some people even buy bitcoin with a high price. we must continue to ensure that the price of bitcoin is increasing every day. because it can make us earn greater profits. i also hope so, the price of bitcoin is really expected to start increasing and this time hope that it will cross the psychological barrier and hope that it will even cross its all time high price. to me there is a psychological barrier above 800USD which is very difficult for bitcoin to cross in near future, i think the price of bitcoin will be trading under 700 USD level for such a long time. |
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recently crypto currency and fiat currency are both important for us, as in most of the areas the shopkeepers are not accepting crypto currencies and majority of the people are still using fiat therefore we cannot choose in in present time.
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bitcoin cannot be control y centralized mindset because it is a universal currency, it will thinking that the chinies are controlling bitcoi but to me it is not possible because bitcoin is spread in all over the world and not in some region therefore no one can control bitcoin.
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yes that is a fact that old people will also be earning bitcoin but i think in present time the number of old people in the world of bitcoin will very little. a s bitcoin or any crypto currency is not easy to be understand by the old people and the young generation is really taking interest in crypto currency , therefore the number of young people will be more that the old people.
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yes it feels really good when you are sending bitcoin to some one for shopping, i think the best feeling is that you have won bitcoin and now you can use it for shopping.
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yes there is no doubt about this bitcoin has really changed my life i usually give time to bitcoin, i have limited my activities and now giving more time to bitcoin, in turn bitcoin aslo assist me financially.
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