Latest posts of: denzkilim

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Twitter authentication post #103
Week 2 (11 July/17 July)
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Facebook authentication post #103
Week 2 (11 July/17 July)
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Quote from: btcdevil on July 09, 2018, 03:45:26 PM

I think it's very easy to turn black into white money because you do not have to prove your source but this trade is hampering the reputation of bitcoin. I sold my legal product to bitcoin but then when I pulled my coins through a legal exchange, I was afraid if they would think my money was too cheating because there was never any way to prove the source of bitcoin.

No need to worry bro, just keep safe your exchanger account for worst-case scenarios like for example they suspected you that your Bitcoins came from an illegal source of income, In this case, your trading histories will help you prove that it is from a legal source. One of my friends had a situation like this when she was withdrawing her Bitcoin traded to fiat, the exchanger suspected her that her Bitcoin came from an illegal source but the truth it came from trading and she got a lot of profit from trading on an exchanger. And those trading histories from her account saved the day for her. Cool

Quote from: chocolato on July 09, 2018, 03:35:19 PM

No you can show the source of bitcoin earned, if you have earned through signature campaign then you can show the bitcointalk campaign enrollment screen short and in your bitcoin wallet you can show how much you earned through signature campaign and according to that you sold and earned fiat currency. But if you country recognize it as illegal then you have to be careful. Signature campaign was just example same way you can show other earned bitcoin details also. I am selling through P2P exchange so i dont have problem as i am getting money through other user account directly show i am showing as online income through small tasks just like freelancer job work.

Very well said bro

Joining Signature campaigns and other campaign stuffs such as social media campaigns, translation campaign, moderation campaign and any other kinds of campaign that pay Bitcoin or Altcoins is a source of Bitcoin or virtual currency income and no need to worry about it because all of this are legal means of income.

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I think this OP is trolling lmao, Bitcoin is not legalized in the Philippines and if Bitcoin or other crypto currencies are legalized in the Philippines they will surely put a tax and implement rules and regulations on how to use Bitcoin in this country. There is no tax on Bitcoin in the Philippines am I right? And there are no republic acts or rules issued by the government am I right again? Huh

There are difference between "Legal" and "Not Illegal" Let me make it simple and easy to understand, The usage of Bitcoin in the Philippines is not Legal but it is not illegal to possess or trade this kind of virtual currency and at the first place if Bitcoin is Legalized in this country, the government will surely put a tax on it and they will announce it.

Let me share a quote from the Central Bank of the Philippines

"The Bangko Sentral does not intend to endorse any Virtual Currency, such as bitcoin, as a currency since it is neither issued or guaranteed by a central bank nor backed by any commodity. Rather, the BSP aims to regulate VCs when used for delivery of financial services, particularly, for payments and remittances, which have material impact on anti-money laundering (AML) and combating the financing of terrorism (CFT), consumer protection and financial stability."

Quote from: AliMan on July 09, 2018, 02:06:22 AM

I personally am not in favor of promoting bitcoin as an investment. Every time I've talked with my friends about the importance of bitcoin, I've done it with the purpose of expanding their ideas about the future of money, and how we can integrate into modernity through its use. But for those who still see cryptocurrencies as an investment instrument, they should look closely at what has happened in the market recently before risking their money.
Grin

I'm done and I already stopped explaining it to my friends because of the crab mentality that some of them possess. And now they are the ones who are approaching at me to learn about the advantage and privileges of owning a Bitcoin or an alternative cryptocurrency. Cheesy

Quote from: dukker on July 09, 2018, 01:08:55 AM

There are lot of information that you should know before investing in bitcoin but most of them will be revealed during your involvement in here. Well basically some things to know are the price, situation, market and value. Those are just things that you should consider before getting involve in here.

Bitcoin is supposed to be a currency and not an asset but these days because of the hype and fomo Bitcoin became an investment medium and it is losing the main objective of this technology "to be used as a digital currency" to simplify our monetary and payment system and now it became a digital asset and a means of investment. I hope that Bitcoin will regain its true purpose in the future and not just an investment asset.

Quote from: MMA on July 10, 2018, 05:39:40 PM

I see most people now a days used bitcoin as payment method as well as for trading purposes, I could see decade from now, Bitcoin will be used by bigger companies as a mode of payment due to its fast, efficient and convenient to use. It is also good as a form of an asset because the value had the characteristic to fluctuate up.

For me personally I used it for payment methods such as internet bills, electricity bills and many more stuffs. I agree that it is pretty convenient to use Bitcoin for payment methods, easy to use and hassle free. Cheesy

Much better to say years from now rather than decades from now lmao. Grin

Quote from: yohan09 on July 10, 2018, 04:48:15 PM

That is is still very early to say anything about that, i think that still most of the people are using bitcoin for trading and investment purposes only, may be very few people have the opportunity to use bitcoin for shopping and other purposes in real life, but in future may be when bitcoin will become too much popular then it will become possible and we will become able to use bitcoin for so many purposes in real life.

The only barrier that keeps away Bitcoin from its potential as a payment method for the majority of the stores is its volatile nature, And when companies or store owners here about this they will think twice if they should accept it. There are some stores that accepted Bitcoin and some facilities that accept it especially at the time that the hype is burning intensely way back late 2017 and early 2018 when the value of Bitcoin is sky rocketing high and playing at $18,000 USD to $19,000 USD. But even Bitcoin has this kind of downsides about volatility issues it is still one of the best innovations that happened in the digital age world. Cool

Quote from: MMA on July 10, 2018, 11:30:31 AM

Quote from: delightme on July 10, 2018, 10:53:05 AM

Yes, I know that Bitcoin moves faster and there are some other coin that are also moving fast such as ETH this coin moves faster too like Bitcoin and other currencies that moves faster but not expanding like Bitcoin because there is no global recognition. Bitcoin is the highest coin that moves faster.

It is not necessary that a coin is moving fast but the most important is the potential growth of a coin, i think that if we compare the potential of bitcoin with other crypto currencies the bitcoin is the best, it has a very good potential and therefore its price is expected to increase too much, no matter if its price is moving slowly but regularly.

Majority of the alt coins values are powered only by hype but their technologies are just f*cked up ones, and cloned from other coins. In my own opinion and point of view it is better to invest in technology rather than joining the hype of those sh*t coins. Bitcoin already created its name and reputation in the crypto currency realm and for 9 years that Bitcoin is operational no one ever hacked it and this is one of the best features of this crypto currency.