Frankly speaking, I have no idea what's new they gonna tell. In every country if you are officially selling some goods or services then you should probably do some accounting stuff and provide some reports to your government. So if you are accepting $5 in crypto then you would have to pay taxes just as you did with fiat payments. So in my opinion this guidance should look like "tax crypto like fiat" and that's it. Anyone can show any real examples where crypto need special treatment?
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Considering how many scammers and shady projects had their roots in India I would be happy if their government bans cryptocurrencies at all. Most part of Indian crypto community is just a bunch of rednecks (there is a word that describes Indian ones but I forgot it) whose only activity is looking for different airdrops and clicking on faucets. Amount of their transactions is incredibly slow comparing it to the other countries, so most people don't really give a shit about what is happening there.
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For me it is something like a hype attempt that have some reasonable background. The problem is that we don't know how much money miners are dumping. Considering that they are immediately selling all their revenue on exchanges it would definetely make an influence on the price. But I'm sure that most part of their coins are remain somewhere in miner's stash.
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Dude, I highly recommend you to start trading on forex.
Even if you trade cryptocurrencies you would probably have to store a big amount of your money in crypto, which would make your pocket vulnerable to any kind of bitcoin collapses. It would be a good move if you also start trading on more predictable forex market. It is not hard, you may just open a terminal once a day just to place orders.
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We saw what happened when governments tried to take down Torrent sites... right. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) They had new copies of PirateBay up within a couple of hours and then many more sites popped up like mushrooms. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Some EU countries are also have some restrictions for torrent users. I know a swedish guy that got fined some years ago for using torrents. Seriously, if this is our last barricade we're f****.
I guess that some services would be working via Tor. So we still gonna have a chance to mix our coins. The problem is that quality of that mixing gonna be questionable: after trying to mix my own coins I would definetely get some coins that were related to different illegal activities. Privacy coins will be their next target, they'll politely ask e exchanges to delist them, or they will close them, and exchanges will comply.
Yes, but until that moment all those privacy coins have to be somehow popular. Maybe now some people would understand that possessing a crypto coin does not move them to another world where they can do everything they want.
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Just IMHO but it feels like exchanges should be legally forced to keep some money in reserves and repay their users in case of any security issues. At least no one would ever try to steal money from his own exchange. Exchanges are earning a huge money every day, I'm totally sure that they have enough funds even to repay their users from their own pocket.
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Venezuela is not exactly "poor", its just badly managed, and the corruption so rampant they are stealing everything. Most of the income from oil is spent in the absurd "gasoline is free" policy, which happens to "fuel" the military corruption.
Somalia is not exactly a poor country. It is just badly managed. Almost every 3rd world country is so bad because of bad management. Everything could go another way if they provided another policy like 40-50 years ago. In case with Venezuela they a poor because of socialistic policy combined with resource curse.
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I would uncover a secret: cryptocurrencies were taxable even back in 2017. At least everyone who had a good income in crypto and exchanged it into fiat had tp deal with his government and pay taxes. The example from OP is pretty obvious: if you are establishing a firm that earns money in cryptocurrencies then you should probably pay some taxes. If a firm is located in germany but earns money in USD then it would still have to pay taxes. Same with crypto.
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You can quit your job and just focus on mining but nowadays, bitcoin mining is diminishing due to the high cost of operating expenses and it is really hard to mine bitcoin.
So in other words: you could quit your job just in order to stay at home and do nothing. That could be your general activity because running a small rig at home does not require much time to maintain it. With the same success, you can now regret about times when you could mine some BTC just on your shitty laptop. With the market showing an upward trend, Bitcoin mining will be a profitable business when the value of Bitcoin is above $10000.
Bitcoin mining is still profitable simply because we can still send transactions. The existing mining farms would be turned off as soon as mining would require more money than it brings.
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It seems like some people are overestimating the conflict in Venezuela or simply dramatize the situation for their own benefit, which is also possible when politicians talk such things. Right now Venezuela is a poor country that spends most part of their income that they get from oil export on paying their old debts. It doesn't seem that they can afford their own nuclear programme and tbh no one really cares about them. The only noise in media is desperately made by US politicians blaming Venezuela for contacting with Russia like it is something bad by default.
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Making money out of nothing in case with FED is a very rough explanation of thing that is called a monetary policy. American government have to devaluate their currency in order to save its position on global market. For example China is artificialy devaluating their currency to achieve the same goals. But if we are looking at stock market bubbles then you may notice that until people are talking about bubbles on stock market then we are pretty far from the moment where it would blow up. On the highest prices no one really cares about bubbles.
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I think the war between China and America will make the crypto market profitable. Because the cryptocurrency market is a decentralized market and it does not seem to be affected too much from other financial markets.
Not being affected also means that this trade war wouldn't make crypto market profitable. You are contradicting yourself. Just IMHO but the main problem of chinese economy is not a trade war but their economic system. Their economy looks pretty much like in USSR. Chinese politicians may spend billions in order to provide funding for some road construction that is not needed at all. That is made only in attempt to increase their GDP but it doesn't give us the real effect. Considering how much money they spend on nothing Trade War is not really a big deal.
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Another golden advice is not to trade crypto at all lol. But if you want to get the understanding of what is happening right now then Babypips is definetely a good thing for you. You should never start from trading on live account. Considering that you have already bought your coins then you should just HODL while you are learning everything on demo acc. That may take months. Also you should remember that trading is risky and holding a cryptocurrency is also risky. By trading cryptocurrencies you are just multiplying your risks so if you are completely new to this then at least don't start trading right now and better move to more stable markets.
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There are many questions regarding this topic as since Coca Cola announced that they are interested in entering the market is is no longer a big secret that this industry will grow massivly within the next years and what does our lobby...no they won't just be at the sideline and watch.
I'm just curious but how do you expect the cannabis market to grow? More people gonna start smoking weed or already existing smokers would consume more marijuana? Just imho but people that are not taking any kind of drugs (including weed) not gonna start doing it if it becomes legal. In my opinion this all happens as the big boys and our lobby knows there is a lot of money in this industry so they simple make everything they need to make sure they profit enough from it, or what is your opinion in this topic?
Nah, money is not the main thing here. Cannabis legalization is a totally political move. That's one of the most mainstream points for leftist liberals and politicians (mostly democrats) are getting more political power from it. It is always easier to pick some obvious problem like marijuana decriminalization instead of something serious.
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Bitcoin uncovered that crypto community is extremely stupid and unable to maintain discussion that is related to some economical problem. Some people are just good specialists in some technical field but most part of the community is just retarded. I can't find another words to describe those people that are sure that BTC would worth $1bln and Bitcoin would finaly solve the problem of war or poverty. Bitcoin's security is also a big disadvantage. People are used to card payments. It is always good to know that if you lose your card then you will get another one or if you get scammed then bank would make a chargeback. Such things are not possible while using BTC.
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Well, it definitely proves that Blockchain Technology is not only good when it comes to cryptos or its transactions but for anything we can think about.
Like many other blockchain related projects this one seems more like another PR move. No one said that the current system is bad and nothing tell us that decentralization is the only solution for that. Many other conpanies use centrelized information for different cunsumer care stuff and everything is grest. Seriously, why the information about come cloths identity should be faked by some hackers? Who da fuck cares about that?
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Thats just not going to happen now, college educated people are lucky to make $20/hr and housing,college, and healthcare have soared past the inflation rate.
If you got a college degree in Photography, Journalism, or even Gender Studies then you are completely right, those people are lucky to get $20 per hour. Can we have special provision in Wage Standards for these degree categories allowing them a 1.00 per hour wage? Sure, you can just google for unemployment benefits. I don't think that someone is calculating them per every hour but it doesn't necessarily have to be like that. Also, you may consider minimum wage $7,25 as their wage standart. Approximately this salary you gonna get in McDonald's with a degree in Gender Studies.
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On stocks we can hardly make 100% per year and the potential companies stock will give us 12-15% of assured return per year but on cryptos it might go around 1000% per year so I don't compare crypto investments with stocks.
Take a look at conpanies, that are starting their IPOs. Also, as I said you may take a look on penny stocks. This is a shares of some shitty companies that usually cost under $1, have a low market cap and have a chance to grow x10. This is just as your shitcoins that you love so much. If you didn't know about that before it doesn't mean that no one tried to get more profit with bigger risks.
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Great. Now how is it related to blockchain and why the blockchain is a solution? A quote from the article: His state gun license permit was revoked in 2014, Aurora police chief Kristen Ziman said on Saturday. But he never gave up the .40-caliber Smith & Wesson handgun he used in the attack.
Maybe now everyone should store his guns on the blockchain so no one could get access to it upon the license expiration? It seems like the system is just not working good and it needs to be fixed. There is nothing that could be done especially with blockchain and blockchain is not giving any benefits if you compare it with centralized data storage.
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We all know that eventually, printing of more money can result into disaster in the long-run.
No. Money printing either results as a disaster in a short term, just as we see this uncontrolled money printing in 3rd world countries, or it wouldn't have any serious threat in future. There is nothing bed in money printing until it is controlled and performed in a smart way. At least no one yet showed a stable working economy example with deflative currency that push prices of everything that was made in that country.
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