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Usually I'm convert my btc into fiat and they have apply tax for it. So you can check when you try to withdraw your btc through exchange !
As long as you've been apply on tax, I think you're worry less
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When bank being fraud , it means that a lot of India's bureaucracy is not professional enough and of course they must responsible with people's money.
When people put their money on the bank, the bank must be verified but if the bank become the fraud , civilian have their right to get their money !
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Usually 3 month so make sure that you're join the correct project.
How to find the correct project ?
Well, I'm usually seek their background and their community. It's not easy but it's still possible !
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IMO, bitcoin more profitable if you're hold for long term investment because I've tried to trade in short term, their value is fully unpredictable so I'm experience more losses rather than winning !
As for now, I'm still hold it although bitcoin on $ 6000 although I've purchase on $ 8000 !
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My local exchange also apply tax for withdrawal transaction so my government can consider bitcoin exchange as normal business like stock exchange.
If you are not apply tax on bitcoin business, I'm afraid your activity become illegal activities!
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Personally I'm never gamble until addicted. But I'm ever got addicted when some dice site launch a promo and I won those promo.
For somehow I keep gamble until I'm finally lose at the long term from that moment I realized the addiction of gamble was real !
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Consider rank and signature campaign as a bonus.
Do not seek the merits but let's the merit comes to you.
How to do it?
Contribute on forum and try to help forum technical
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Altcoin value usually adjust with bitcoin value so if you think some altcoin has different value with btc, it means that those altcoin has higher demand at the moment.
If you can calculate it right so you will see the same !
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Most altcoin will adjust based on btc price so that's why most of their value increased but the actual value still same !
Personally, I try to invest on ETH because I fell somehow that it will increase on this down trend zone !
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For what I can see at the moment, bitcoin continue dropping maybe until next month.
Let say if bitcoin downtrend has stop and continue to green, that's your chance !
Personally, I still hold it although I've experience major loss because of holding !
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I can say that $ 20.000 will not happen in this year but I believe it will happen on 2020 because I'm sure bitcoin popularity will reach another momentum to reach more investor.
As I'm hold most of my btc until 2020 , it's not easy way but I dare to take the risk !
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If you're short term trader, better to cut loss but it's depend on how much you can afford to loss.
But if you're long term investor, Holding is the best option.
For the moment, I've hold some ETH,BCH,and BTC until 2020 so yeah.. I'm an investor !
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Some country still not agree with cryptocurrency just like my country.
My goverment forbid bitcoin usage but I can still use it with my own risk so if you ask me , will my goverment change their decision ?
It will difficult, IMO !
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It won't happen in this year for sure. But in the future, nobody knows because if ETH get it's momentum, I won't be surprise if ETH will compete BTC , one day.
Personally to see it happen, all crypto must take people's heart to invest !
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While you try to gamble with btc, you're doing more risky as much as twice !
Why ?
Let's take a look when you gamble with btc, you're risking your money.
And when btc value suddenly collapse, bitcoin become useless !
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Yes, it is an asset because bitcoin can act as investment , you can earn profit by investing on btc,right ?
Yes, bitcoin also currency so bitcoin is unique as investment because it can be use just like fiat !
Bitcoin is asset currency !
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Crypto trading still consider as risky activity so if you can't afford to loss !
My suggestion is just consider bitcoin trading as passive income not main income except if your mining activity able to earn more than primary job, it's OK !
Everybody have their own choice !
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That's the disadvantage for using bitcoin because their value depend on supply and demand.
Let's think if bitcoin owner that played from 2010 hold most of his bitcoin and want to sell all of them , today !
You will see bitcoin decrease without being expect !
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