Since bitcoin is an internet currency that can be turn into a actual money. And Bitcoin too is known on Government but still government can't observe bitcoin that good. So I'm thinking if Bitcoin has tax??
Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
Bitcoin doesn't have a tax but it has a cashout fee depends on the website you invested like trading sites it has 5% to 10% fee when you get your money but dont have tax in the government, government not holding it because it is from the internet like internet stores that has no tax. That's pretty normal dude, but the big difference is, in cash out fee it is fix regardless of the amount you will cash out but with tax, there's a bracket of taxation depending on your total income earned. |
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Maybe you can pay using bitcoins
1. Models prefer $ or € 2. How do You immagine the time of confermations? Models are accepting tokens to avoid problems and ban. Nowadays, model needs to adopt with the modern world as well, if they know about bitcoin certainly it would be easy for them to be more profitable while working online, they can attract more clients than with simple fiat. |
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No it cannot let banks disappear these days that is just simply not possible because banks are way too big and also too powerful.
The bank cannot disappear simply because of that.
i agree with you that bitcoin can not disappear the bank because nowadays banks play very important role in any country and we pay our bills through bank and we deposit and withdrawal our money through banks so recently its impossible that bitcoin disappear then bank . The banks can adopt the bitcoin and provide services based on the bitcoin. That will lower their operating costs. Yeah that will lower their operating costs but they will charge their subscribers or potential customers for using their service. As we know that banks are also charging different unusual fees that we don't know. Even we are not using their service, so that's really disappointing. I don't know about the banks in your area but what I know in general is banks are required to be transparent or they will be penalized by the government for not complying the rules. I have not experience being charge with charges I do not know every time I transact using my bank accounts. |
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The mainstream way such create blog, youtube video, and affiliate program is really hard. If you have photography skill you can sell your photos to microstock photography, you can earn hundred or tousand dollar every month. But it isn't use bitcoin as payment yet, so it is not practicaly to recieve payment.
I already knew that way of creating blogs, your own viral videos to generate some passive income with youtube's monetization and google adsense. But the fact that those to get a lot of viewers is the hardest thing to do but once your blogs and videos got the click of the viewers. For sure that is going to give you passive income and you don't have to work for yourself because the profit you are getting through it are already enough. You still have to update videos regularly after one or more of them goes viral. I would prefer having videos with moderate number of users than to have just one video that has a lot of views or has gone viral because viral videos only get views and after a couple of days people don't care about the video anymore. You need to establish regular audience when you're doing youtube. if we play with video to make earning, then we should have much of video and we should make interesting video that will be attract many visitor to watch our video, beside that, there are many ideas you can use to make a video. and don't forget to publish your video into facebook, tweeter, and any social media so i am sure that many people will visit into your video's blog. That's why there are some other video creators that are promoting their videos online through social medias and other mediums. But in return, when their videos became viral they are the ones who are benefiting out of it which is probably becoming their main source of income. Just always make a new idea that can catch the viewers attention. But it's all about what you're saying is not passive income. This active work, which takes up all your free time. Passive income is when people just put something in their hand and benefiting from Only few people I think have a decent income and they are very smart person, most of us are working hard to earn fixed income and we called that an active income. I hope someday, I can earn passive income so I won't be working hard anymore. |
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What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
in my opinion bitcoin not yet spread in all life or all area .. in fact many people do not knew about bitcoin , and wonder what iit's bitcoin ? we can help to introduce bitcoin to people in the world to use bitcoin and tell to them that bitcoin is future money Yes, you are right and this forum gives information about Bitcoin. But we should not forget that the government can have a negative impact on the development of Bitcoin. They do have all the rights to do whatever they want with bitcoin, when they find it to be not benefiting them, they will simply not gonna support it and we will be having a hard time to see a continuous development of bitcoin. |
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i am sure bitcoin will be more rise and shine in 20 years and its price will be more increase and i hope we can be use our bitcoin in local shops for direct shopping from bitcoin and we will be able to use bitcoin as physical shape.
you can see the development of bitcoin at 7 this year, is simply amazing. let alone in the next 20 years would be 2 times more successful than it is today. and certainly bitcoin is far more acceptable at the time, it was the most important Well, the future is bright for bitcoin but that is only a speculation, there is no assurance it will happen so we have to take the risks while investing and hoping to grow our money bigger for the next 20 years, if it's profitable for us then we have to be thankful but if not, we have to move on. |
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Well it is possible not to spend the cash and pay in bitcoin.
Credit Cards is not cash. Really. Mostly if porn site is not free as usually you are paying with card there. So you just can cash out your bitcoins on your credit card and pay what ever you wish. Every day it stay fewer and fewer places that accept only cash. Well for me it credit card is just a real cash for me because i can use it here in my country like eating in fast food and give my credit card. that can help just not use your pocket money if you are in outside.. also here in my country we will have a good credit card that actually you can deposit only with bitcoin.. Credit care will just expose your personal details in a certain porn sites, it's better to use bitcoin with this kind of activity to protect your personal information, and with bitcoin you can transact easily and faster than a credit card. Credit for me is only good for online shopping but not in shady activities in life. |
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We need another 100,000% increase to have 1 million per coin. Some might say it's impossible, but we are dealing with uncharted territory. Everyone said 1,000 dollars per BTC was impossible back then, but as we know, it happened and everyone all over the world went insane. This can happen again, and will happen at 10,000, at 100,000, and then at 1,000,000$ when everyone will go nuts.
We can certainly rich that in the future, but it's going to be a long journey for bitcoin and with the journey we are going to experience a little shake up like the crisis and only the strong believer will receive the income to the extent of that amount, I hope I am one of those people. |
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I have the same problem, in my country there are not too many options to spend my bitcoins. However that does not worry me much since I am determined to save my coins as much as possible because for me they are a safe way to save my money in the medium term rather than a way to cover my daily expenses.
It is a common problem to the bitcoin users nowadays, but for sure time will come it will be solve and be easy for the user to spend it. And it is also good for you to know that despite of this problem you have you can save it in that way. And time will come if you have it amount in bitcoin for sure the value of it is already big. the use of bitcoin in local shops is really still a problem in most of the areas of the world. but now as soon as the number of bitcoin users is increasing, the facilities of bitcoins in our local markets are also increasing, and hope that very soon we will be able to use bitcoin for trading everything in our local shops. I also hope so. And in order to develop the infrastructure needed government support. Then people will feel free to use Bitcoins We don't need the government support anymore as the system totally does not fit with there criteria to be considered as a legitimate business, they cannot control us since we are decentralized, so how are they gonna support us that way. |
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My opinion is that bitcoin has more room to grow than gold. So it would be wise to go for bitcoin. If you wish to further diversify your portfolio, then add some gold to your holdings.
Its true that Bitcoin has a large potential to grow your wealth, but also nowadays, many countries are getting band and also its volatile and many other factors making it too risky. So, Gold is obviously safe sided holding. But a risk taker will always choose Bitcoin to invest in. We don't want to play safe all the time, gold is only good when you have a lot of money to invest as you are already satisfied even with small amount of growth. For people like us who does not have a lot but hoping your grow our money fast, we see that bitcoin can offer than to us. |
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Because its price keeps on getting high so I think its better to buy some right now and sell it in the nexy few days or weeks
I do not think that anybody will be purchasing the coins to hold when the price is really high.For traders who spend most of the time online it could be a viable opportunity to make some profits out it but for casual users it is a risky time to enter. No doubt that the price of bitcoin is trading at a high level, as compare to previous few months rates, but I think the price of bitcoin still have good potential to increase , therefore to me I think it is still good time to invest and no need to worry about investment in bitcoin, as after few months you will get a good return from your investment in bitcoin. As long as the price is still on the good move let's just take the advantage that this is the right time to sell some of your bitcoins and it is your decision if you are going to sell all. But for buying, I don't think this is a good time to buy as the price is high already enough, for sure many of us here are going to wait for the right time to buy at lower price. We wait for it to drop a bit but on the other hand, it is still positive to buy bitcoins now as what if the possibility will not happen, and instead the price will continue to increase. |
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We should know that to increase its value our money should be out of our pocket and circulate in the economy
like in real economy
If people start holding their bitcoin the price will go up , but that doesn’t mean that it will stay going up instead at some point the price will go down and this is mainly due to the reason that there will demand on bitcoin and if the price goes really high they will lose that demand and that is why there bitcoin community is divided between spenders and the one that saves it. It does not matter if you spend or hold your Bitcoin ( It does not affect the price of it). What matters is the the demand and supply of it. We all know that Bitcoin is limited to only 21,000,000. It's only a matter of time that all of it will be mined out and many people will hoard it up for its price to increase. but to me if no one use bitcoin, i will really matter, if they are not using bitcoin for some tie and are holding it, then the demand will increase and supply will decrease and so the price of bitcoin will also increase, and if people stop using it permanently then the supply will increase and there will be negligible number of bitcoin users, so the price of bitcoin really matter. If no one will use bitcoin that means bitcoin is dead, what is the reason of holding it when no one is using it, probably the value of bitcoin will be lower than the current, and it will slowly loses it's popularity which not what we are hoping to happen. |
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There are a lot of advantages in using bitcoin -
1 - In certain situation or your earning source you can save tax
2 - While sending payments you will not be trace down easily.
The best advantage there is to do away with taxes, it's our benefit that can give us good income when we are not oblige to pay taxes, being anonymous will be eliminated someday as the government always wants us to comply with the law. |
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I won't be a much big of a problem, because bitcoin isn't controlled by any government so it cannot really ban from using it people will still use it. The only downside might be that bitcoin's price might not rise and instead drop.
It is true that governments have no control over the bitcoin and it is true that they cannot totally ban it from the world since it became a very popular thing, but them admitting that and officially banning it that will have a huge impact on its price and the number of users that are using it. yes that is a face and there is no doubt about this that bitcoin is anonymous and governments have not control over it, as they cannot investigate about the users of bitcoin in their country, therefore they have no control over bitcoin users. They can always investigate but I doubt if they can make ways to totally ban bitcoins, we are always stronger than the government because we support bitcoin and we love freedom and a decentralize transaction. |
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Why PayPal is a scam? I have never had problems with it while I used it. I didn't use it for long actuall, a year for sure, maybe something changed in that site. So I don't know why you are making panic around it indeed.
No change in any thing they are doing as they was doing few years back but few peoples not read terms and conditions and as they fall in problem they start to cry its a scam they have some good and solid foundation for years and doing business with all their own rules and regulations Yup, everything is indeed more complex and overwhelming in the paypal. But unfortunately I am seeing more growth month paypal is getting worse, because many of the people who use paypal now is quite difficult to do all the things in it and most people who use paypal now is less suitable in all regulations and policies that have been set by paypal. So it is better to use bitcoin for bitcoin is much better than paypal It's simply easy my friend, we have a choice not to avail the service of paypal if we feel we are dissatisfied with their service, bitcoin is still waiting for us and there's no rules to follow here, we all have the freedom to use it. |
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With 7 btc anyone can reach the 17 btc, and the most safety way to make such its trading or football betting, i dont see any other easy way to achieve such, betting 0,50btc at each game may result into a return of 10-40%. Sugesting someone to steal or build a ponzi project isnt something i were expecting, even knowing some people will try to make such thing.
Anything in gambling is always a hard journey, and it is easy to reach that amount if we are lucky but if not, it will kill our bankroll and capital and might end up losing everything. It's better to invest in legitimate business and slowly earn income than a faster but no assurance at all. |
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you should hold your bitcoin for the next year and its right time to hold your bitcoin because bitcoin increasing its price too much faster and we know that bitcoin is very much useful qnd profitable currency than other so hold your bitcoin is very much better than other investment .
I agree. Bitcoin will skyrocket in the next year and many experts have predicted that Bitcoin prices will touch $2000 before May. I am having more than 10 Bitcoin which I bought in early 2016 with the price $390. Well, right now I have already had some profit with Bitcoin  Well, this is hard to predict, even for a technology with so much potential like Bitcoin. But in fact several things are planned for the next year, among them there are applications that promise to facilitate the use of Bitcoin, bringing the currency into the mainstream. But for the result to be reflected in the price, these projects must be put into practice. Experts always share their visions around bitcoin, since it had reached 1200 dollars and several of them said bitcoin were dead, when it went into 200-300 dollars, nowadays those people say the market will reachh 2000 dollars at May, what will happen at the next year that will achieve such high price? The best solution for those ammount without risk it is holding, since if you had bought those coins last year, and still have them you will make an amazing result on the next years. Holding is the key solution in investing 12 btc since there are no more safe investments online. Hyips are scams, mlm are frauds, mining is non profitable and sometimes turns into a lie, trading is like gambling you may lost your coins if not lucky, gambling is very risky . So to sum up the best way is to hold bitcoins, the value will still increase with increasing demands and limited supply it will surely go up again in value. I guess it should be the way, but not all people has the same patience to wait for a longer time to make profit. I believe bitcoins will reach up to $10,000 in the future, but I do not know when exactly it will happen, but if we can hold longer, we might benefit from it. |
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Of course this is a crime, if we know we must reporter to police, I sure this is make the government to banned bitcoin.
there maximum people are buying drugs with their regular money fiat so then why the government do not banned it  they need to banned drugs not a bitcoin and i think no one buy drugs with bitcoins. You can get them easily in deep web, drugs problem will never be finished, because many developed countries are finally legalize drugs by a variety of considerations. Some countries chose legalized because it is not able to control the big mafia in the region. In a country like this that I think bitcoin is used in large quantities for each transaction. Regardless of the effort the government is making if it's not 100%, they can never stop the drug problem, we might not know and see it but there are officials in the government that has protecting this business to go on. |
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i like best about bitcoin is no tax,profit good and potential is huge
That's is why many people are loving bitcoin, the taxation with bitcoin is not truly applied to us but there are some local exchange sites that are paying real tax for their service offered and the permit to be granted by the government that they are operating. We may not be taxed directly because they aren't saying it and we don't know it but in reality there are some of us who are paying taxed in terms of fees. It doesn't matter in what manner you have obtained your coins. In each country there is a different law regarding how much wealth you can have without paying tax. If your wealth sits under the level of $20,000 for example, you don't have to pay tax. That however doesn't mean you don't have to declare what you hold. Every year it's a must that you honestly declare everything you have. Bitcoin lends itself perfectly for hiding a certain part of your wealth, but officially, everything must be declared. People here also in our country would like to hide all other income especially if you are professional making some side duties, because tax really for them is burden, but I believe there are also people who declared it all (I know some). While in bitcoin I know that we have to declare it also 'cause it is part of our source of income. For all of us tax is really an obliged and burden to all of us. Good thing that there are countries like that there minimum total asset is $20,000 and you are tax exempted here in my country everything has tax. Because of the VAT, even the food that you are eating, you are paying its tax. But with bitcoin, if we will buy something we like, we just cover the fees. That's how the government are slowly killing us, sometimes they are already doing a double taxation and that does not already benefit the people, as income will not be enough anymore due to our obligation to pay taxes. With bitcoin, no tax at all, so we like it. |
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To get rich ..
Look at income and expenses and manage it well.
Do not expenses that are not needed.
That's a step in the right direction!
The choice is yours. What do you like, what you're good at!
You need not be a millionaire to be rich ... everything starts with you ... only you ..
You are already rich if you have a good health and family that loves you!
You decide how much you need to be rich.
There are people who have become rich with Bitocin, but also with a good job!
It's how you see it, everyone looks at it his way ...
Anyone can be rich .... be positive, grateful, you put my energy into something you do very excited and believe in it!
Yes that's true and this why there are so many people are becoming mislead of becoming rich just because they have source of income they think that it is fine to keep on using their income. But to be wise, just use it for the things that you need and just save some if you wanted to buy some that you really wanted. Proper management of bitcoins/money is a way to become rich. Sometimes we get blinded by our money, when we feel we are earning well then suddenly we also change our lifestyle, and that does not help us to save because rather than a saver, we became a big spender in the end, and no matter how much other income increase, our expenses will always follow. |
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