Hold your horses there, it may lessen the income tax but the government can alwayd find a way to tax your Bitcoin earnings. In my opinion, we are still lucky that the governmet is not yet fully knowledgeable about the Bitcoin and it's ability to provide a quite a big amount of money without being taxed. But sooner or later they will find out. And I am 100% sure that they will do something about it in order to get a portion of the Bitcoin earning from their people. And this is when the income tax will be revisited and adjustded up to the scope if income from Bitcoin
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I agree that trading is better then investing in some ponzi schemes. But for me trading is not so safe as you think it is, anyway maybe OP is just tired from trading. If OP feels like its time for brake then I support him in that decision. When he feel that its time for starting again he will come and deposit again. For every work its good to chose right moment, so if OP is satisfied with his progress until now, he will take a break and return when he is ready.
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I would love to have one Bitcoin at lease this year. But it still seems far away for me. I hope before the year ends I would get about that much so I can proudly say that I have one bitcoin in 2018. I also hope in 2018 the price of one would be $2,000 each so my one bitcoin would be worth more than what I worked for.
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I still doubt whether the digital currency will forever replace the paper money. I think in its use people will definitely prefer to use digital currency. because it is easier and do not need ribet bring much money. but if forever replacing paper money I do not think so. paper money will still exist. only its use will be reduced because people are more interested in digital currency.
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Bitcoin may be replaced by an altcoin is unthinkable and impossible, tell me how much does support does ethereum has compared to bitcoin with it's current market cap $45,201,034,552 while ethereum is still ligth years away from btc. In terms in dominance i could say that bitcoin has many users, traders, investors and also it is widely use as a paymeth method in both local and online businesses, other goods and services can be paid in bitcoin, another thing is that bitcoin can actually be converted into real money while ethereum has none of it.
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I do not think there is a need for all of us to repeat the same thing in our different ways. As the term explains the whole thing myself that something that is offline is safe from all kinds of attacks from the internet is it hacking or virus or any such obvious example of a wallet is best to Store large amounts of bitcoins but if you have negligible amounts of it and also what you are required to spend from time to time, you can store them in your wallet online.
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If you have a fund of $500 dollars, you could use it to buy some real coins. It depends on how you will maximize your money. Also your focus is important to consider. Are you willing to take risk? My point is like this, If you want you can invest directly to Bitcoin which is the highest value crypto in the blockchain but your $500 will not get that much because it requires high investment as compared with etherium or altcoins. If I were you, I will use that fund in investing to altcoins which is far more cheaper than bitcoin but with high potential of return of investment if you will just chose the correct ICO. Do some research, join groups of the same interest so you will know what is the talk of the town and you will also get suggestions. Good luck!
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I totally agree that trading will not give you a fixed income. But I know that there are some traders that are totally relying on trading as a source of income. Sometimes they have hit a certain amount to be consider as a fix income, but few times is not. But want I noticed is that they consider it a job. They work and analyst the market and are constantly watching the trend. So it come to my conclusion, that traders who look at it as a job will generate a substantial amount to be consider it a fix income to some of them. So it someone wants to earn a lot, then you to spend a lot of time and money and see it as job, 8 hours or more a day.
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If we advertise bitcoin on tv many people will catch their mind to join the bitcoin and they do a research on how to use it, where to use bitcoin and lot of things about bitcoin. If that would happen many people will become rich and the unemployed will decrease because we consider Bitcoin as self employed.
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ICO is getting more popular this days because of a lot of believers, thanks to bitcoin it has become popular first and now we can see a real skills and talent of developers who are trying to implement their ideas into action. But of course you also need to be careful, choose wisely as you might fall to scams, educating yourself is the first thing you have to consider.
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I don't think if bitcoin dies the rest of the family will also die because some of the Altcoins have different features, advantages and anonymity implementation than bitcoin. Some coins categorize themselves as currency and some as an asset. So, you see because of that they don't serve the same purpose they both have their ways if you know what I mean. Bitcoin is like the father of the family and you know when the father dies the children will grow they won't die too
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My plan is to collect as much bitcoin as possible until the summer, then go on a trip in order to spend all my money. In fact, as a student, I cannot collect enough of money since I won't force my parents to take the loads of my hobbies. In the meantime, this plan will face several constraints, especially the value of bitcoin from here to 6 months, which must be raised so that I can exchange my money.
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Most people now with the rise of bitcoin value, just want to hold bitcoin for as long as they can so that they can maximize their worth. But isn't it a little too greedy to just keep holding bitcoin? We've all read that story in the school with the moral "Greed is a Curse". So what if too much greed in bitcoin may backfire? What if, the hodlers end up with nothing?
No I don’t think so it’s a greed actually it’s a kind of source of income and when the price go down so everyone they are buying bitcoin and then keep it on hold and then start to wait for a right time when the price go high then they sell all bitcoins and take a very good profit from it and that’s what I’m doing also to take a good profit.
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Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
professional traders actually lose money in trading but one thing they keep on doing and believe is that: No matter how much they loss, they believe that they will make it back. Professional traders also look at setback time as time to reshaping they trading plan and also opportunity to learn how to be patient.
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Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...
What's your take on this, should I go ahead and quit?
Thanks
Its not been advisable to quit the job you should continue both try to take out 2 hrs daily to explore more about bitcoin. If you active in this forum you automatically learn alot from others itself. Don't think to quit your job that gives you fix income on the other hand market not always good sometime you can earn good sometime you earn less. Apart from this you can do signature campaign that doesn't take much of your time & can also help to earn some coin & after selling those coins you can earn bitcoin that is the best thing you can do at the moment with your job.
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I believe that those who invest a small amount of money, for example, 1000 dollars do not particularly worry about hackers, because the crypto currency itself is an adventure! people are afraid who invest millions of dollars, they should hope that in case of theft they will be reimbursed at least some loss!
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This recent correction has taught a lot of people some very important lessons. First off nothing is a guaranteed thing and Bitcoin is not an investment in its true form. Also, be careful in what Alt coins you invest in. The resent and highly expected crash of Ponzi Bitconnect shows how if something seems too good to be true..well you know the rest. I am not happy anyone lost money, And I am certain countless amounts of people have fell victim due to their own lack of homework and greed. Lessons everyone can learn from.
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Yesterday the Central Bank of Albania issued a warning about the uncertain and unsafe nature of cryptocurrencies They called on people not to get involved. Should we be afraid or the banks are!
i think yes but not totally because they are also backing their own crypto currency in this emerging industry of blockchain that is totally better than bank system but bitcoin cannot kill banks that easily because all business is using banks as storage of their business money for safety but bitcoin is much better because the capital appreciation is really higher than bank interests
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Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange. To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
Everyone wanted higher bitcoin price and we achieved this but another problem become transaction fees. When bitcoin's price was low, we had to pay also low fee and now when it rised, we have to pay high fee in bitcoins and plus that high fee is more higher with current price. Is this fair? The higher the price, the more money miners have with bitcoin exchange. To my mind when price becomes high, we have to pay low fee and when it becomes low, than fee has to be high. To my mind it had to be done like this from the begining.
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Yeah bitcoin surely changing the world. bitcoin as medium for people doing business these day, it helps a lot for it terms. and bitcoin giving contribution to the society. because of that easier business, many project is established these day. project giving society some work to do and reward with token. by that mean, bitcoin itself bring jobs to society that's my opinion
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