I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.
My country Bangladesh.
Apologies if this is not the right place to discuss.
Thanks in advance.
That is definitely a problem but if you would only find ways to be able to continue to do transaction that would be better. VPN can be used to be able to do transaction and if you are about to encash your investments better yet find or move to other country who accepts bitcoin for you to be able to encash it and no questions asked. |
|
|
|
|
Bitcoin value has nothing to do even if the oil price goes higher because they are both different and Bitcoin is not related to oil. So we cannot connect bitcoins price to the movement of price of the oil.
|
|
|
|
|
You are right not all of us can afford to buy property because it is too expensive. In investing in bitcoin and other crypto currency we can invest a little part of our savings and trade it wisely for us to be able to earn a good income and out of those investment in crypto if we earn enough sooner we can use it to buy property. So for me I would prefer crypto currency as best investment.
|
|
|
|
|
There is nothing to prove to anyone for as long as we believe in our investments and we earn a good profit that is fine. We cannot please people to believe in Bitcoin it is up to them if they will criticize the crypto market. I am happy and contented with what bitcoin has brought to my life and i will continue and believe it because it made a very good change in my life.
|
|
|
|
|
With the price movement of bitcoin going up amd going deep it will not die because if it will die years back the price will not move. It is just that there are really investors who buys and sell their bitcoin investments. It would take a lot of years before bitcoin will die.
|
|
|
|
|
For me it depends on the person on where to invest your money for as long as you know how to handle risk that is fine but if you are not ready to take risk thats a different story. But personally i will not put all that $20,000 in bitcoin investment I would rather keep it and find other sources to earn those bitcoin and other crypto currencies.
|
|
|
|
Is it possible to do money laundering via bitcoin? I mean as no one knows if you have bitcoin and how much bitcoin do you actually own, it could be used to convert black money to white right? Or at least store your black money without much hassle. But there is the risk of its value but I think for people who have lots of black money and don't want to be caught, this risk might be worth taking for them isn't it?
What are your thoughts?
Yes it can be used in money laundering specially bitcoin user or owners are majority annonymous it cannot be divulge the personality of the launderer except if they encash it into fiat and registered in different banks. |
|
|
|
|
I do not use bitcoin in purchases online. I do just invest on it and hold it for long term because its potential is very high though it is volatile.
|
|
|
|
|
If bitcoin is already regulated taxation will be applicable to all transaction depends on. the law that will be imposed by the government of each country and we cannot do anything about that but to follow the law and pay taxes.
|
|
|
|
|
The answer with that is just that majority of people are after the income over their investments and Bitcoin has a very high potential in the market thats why people continue to invest and hold it. That is the reason why people go crazy about bitcoin.
|
|
|
|
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Maybe in the future it can happen. But no one knows when it will happen. From the time being it would hard to replace fiat with bitcoin because people would need to learn how to use the crypto currency and still the number of people who knew bitcoin is far away from the people who are currently using the fiat. |
|
|
|
|
Crypto is really for risk taker because if you are not ready to face risk crypto investments is not for you. Bitcoin and other crypto currency are very risky investments and it moves rapidly every minute and the movement might go very deeper and will eventually result to losses. So better be ready for the risks before trying to invest in this market otherwise you will loss your investments.
|
|
|
|
what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
The only thing we should do before borrowing money from lenders and other financial institution evaluate ourselves first if we are capable of paying the amount that we are going to loan because evaluation could lead us before we could have so much debt. We should not borrow what we cannot pay. Otherwise that is a very big problem that will result to bankruptcy. |
|
|
|
|
I think it would be a very hard argument to those who think wrong about bitcoin. We cannot please everybody to believe in bitcoin it is their own free will to think of what bitcoin really is. It would be a great regret for them if they will learn how much income it may bring to us. It is for them to find out. For now let us just seat and wait for our investments to grow.
|
|
|
|
|
Global regulation might affect bitcoin but it will not going to die. It would depend on the country on how they will regulate it. It would take a long time before governments could regulate the crypto currencies.
|
|
|
|
Many governments are concern about cryptocurrency and they think it should to be regulated. What do you think regulation and how is it going to effect the price ?
If crypto currency will be regulated the annonimity of transaction will be publicly declared because every transaction would be taxable if it is regulated by the government. But i think it would be hard to regulate it because it would take time and effort for them to know who are the the persons who owned this crypto currencies. |
|
|
|
|
The ultimate key that we should know is to study first the flow of the crypto currency market make a lot of reading to be able to understand what crypto currency is all about. We need to understand the risk that will challenge our investments if ever we decide to invest in the crypto currency. Read and study first before investing.
|
|
|
|
|
Luckily i did not buy Bitcoin in December 2017 because of the very high rate I could not even afford to buy it. To all who bought during those times just hold and keep your coins i know that it will recover soon.
|
|
|
|
as we are seeing other coin such as litecoin ,monera,etherium , are faster in transaction than btc
At this point in time I think nothing can really beat Bitcoin it cannot surpass by other coins. Bitcoin is the mother of all crypto currency and if all investors dump all their investments that would be the fall for bitcoin. And i doubt if it will happen because bitcoin is top coin and its been years now that no other coins beat its number 1 spot. |
|
|
|
Do you think that Bitcoin has become too slow to compete with the relatively quick alt coins out there? Is it realty competitive to have a slow community rather than a centralised decision making in development?
In other words, does the community effect of decentralisation enough to counterbalance the difficult decision making processes?
Bitcoin still remains the fastest currency who moves up. Other currencies go on with the flow of bitcoins flactuation if it moves up and down other currencies also move depends on the trend of bitcoin based om my observation and analysis. |
|
|
|
|
Show Posts
