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I guess this is one weakness and stregth of Bitcoin. Many people like me are encouraged to be more active with it due to the fluctuation of its value where you can actually earn bigtime once its value hit the peak. However, due to this making it as a mode of payment becomes hard where the willing merchants and other users as well would need to have that risk appetite to wait or lose or earn the value in an indefinite time.
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I guess the statement of the Central Bank has an impact on the aggregate economy of Bitcoin. Without the approval of the World Bank all the Central Banks in the world does not support nor decline the use of Bitcoin in the country, but this support has a great impact for all since this becomes one of their basis on joining crypto currency for it simply legalizes the use of it.
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A couple of days ago, without suspecting anything, I receive a letter from the Freebitco.in project to my mail saying that I became the lucky owner of the lottery ticket. The lottery held this week was lucky. I won the second prize, my winnings is 0.46428101 BTC. I can not express my enthusiasm with words. At first I thought that this was another fraud, as often happens, but then I checked it, and the specified amount was really on my account. An inexpressible feeling!
Woah, that's a great dude, by the way, congrats to you that's really huge amount if you convert that into fiat. Hopefully, i also win like that an instant money or it's a kind of blessing to me because I never experience to have a winning stake from gambling or even from lucky draw. That really helps with us and having a long vacation if I were you. How does it happen, dude, that you won or what did you do to win? Only few people that they claimed they won at the lottery because at first I thought it was a fake in freebit on their lottery since no one is claiming that they won. Because the winner shows user id only that can be fake by the developer of it since no identity of the users can be seen from that user id.. |
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Giving chances to other coins with potential is a good thing and I hope that this will be the start of coins.ph to accept more alt coins having their potential to greo like myetherwallet, where they are not only accepting etherium in their website but other alt coins as well.
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Nowadays when online payments and other mode of payments are accetable by almost all merchants and industry, I think it is possible for medical industry as well to accept it as payment. Maybe not today but as time pass by when Cryto currency will prove more positive things to us.
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I think there is no such way for us to avoid local taxes imposed for our earnings in bitcoin. Whether Bitcoin is legal or illegal in your country, taxes impose in the country would still prevail on transactions. I think it's either the website or the personal account would shoulder this cost
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Technically speaking, I should say that bitcoin betting is an illegal thing for there is no legalities on the existence of Bitcoin in the first place. Also, I still value the age limits that should be imposed in gambling and there are websites where age does not matter when you play or join in the game.
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Btctalk name paul00
Rank Sr. Member
Current post count 869
BTC Address 3Q4HayXqfJfeYbCawngN1sRAiuN88vMknx
Wear appropriate signature yes
Wear avatar yes
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Btctalk name paul00
Rank Sr. Member
Current post count 869
BTC Address 3Q4HayXqfJfeYbCawngN1sRAiuN88vMknx
Wear appropriate signature yes
Wear avatar yes
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If you come to think of it, I guess this thing about buying a house thru bitcoin is not so unusual at all. Yes it may have been given as an option in paying or buying for a house but with our current state if we have plenty of cryptos then we can buy a house as well thru converting it into acceptable currency.
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Just like any other products that exist, Bitcoin is almost like those high-end products where people used to patronize it due to its famousness. I think other crypto currencies offers the same as what Bitcoin offers but since Bitcoin has made its name already more would like to invest and go for it.
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You martingale for a short period of time and few bets try more and Lets see if you'll get the same result as positive profit. But if you do that you must have a big amount of balance to cover your continous losses during martingale.
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The ministry of finance has declared that bitcoin transactions will not be taxed!
Instead, Germany will regard bitcoin as the equivalent to legal tender for tax purposes when used as a means of payment, according to a new document.
For tax purposes, this means that converting bitcoin into a fiat currency or vice versa is "a taxable miscellaneous benefit." When a buyer of goods pays with bitcoin, an article of the EU's VAT Directive will be applied to the price of bitcoin at the time of the transaction, as documented by the seller, according to the document.
Even now we don't need to pay any taxes to the crypto to crypto transaction because it is anonymous and no one knows that we are using it.But the problem is when we convert our bitcoin or other crypto into fiat it will be recorded in our bank then we need to pay taxes.So it means still taxable right from your statement. I think they lessen the tax for every transaction. As reading her statement they might have a tax before for every crypto transaction they had. Now the tax that they are paying is just the cash-in and cash-out of bitcoin. This is likely how in our country cash in and cash out, but not taxable on the government, but fee for the service of the system we had used. |
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To secure your wallet you must log in your account into a private network not in a public network and where you store your username password or private keys you must save it carefully. I mean that it depends on the users on how they will store their wallet into a secure network or hardware.
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Currently I am investing/storing my money on Crypto currencies, and so far I am good with what I am getting in return since I literally started here with nothing. However, if I were really given the chance to have capital to invest, I would probably have most of it in stocks. Cryto currencies are really good but if we are going to be more practical and cautious, stocks will be a better alternative since it is regulated and gives us the assurance that there is an actual company that exist.
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Starting a business does not always require a large amount of money. You can always start a simple and small business even if you don’t have. a large amount of money, just like how businesses in provinces goes. And I think this already answers your question.
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If bitcoin was not invented I think things will just like be the old days where working on additional job requires you to go in it and give the service that they need. We tend to work for 8hrs in our regular job and be on the next job for some addtional hours.
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Digital currencies such as bitcoin seems to be endless. Maybe because there is no actual regulation or law that this abides. Hence, I think gaining a monopoly out of it is possible but would be hard since there are also other people who would do the same and right now I am not really sure of how big will be its impact on the community.
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Is this true or just hoax? Whether it is true or not ignorance really affects peoples lives. I feel bad for her since I think she is still not aware of how big is the value of bitcoin that she has given to her sister. Also, lets say that she can’t get back what she already gave, I think she can start a new one for her gain additional finances aside from her regular job, it’s not like she will just regret everything forever when she can do something about it.
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