Yes i am involved now here in cryptocurrency due of popularity,and i heared from a friend that this bitchoin helps them a lot especially to financial assistance,and i do beleive that someday i can have some rewards through joining too here.
Yes right, I'm sure that the future of the transaction system will use cryptocurrency, someday there will be many countries that legalize cryptocurrency so it's good news that the development of cryptocurrency will continue to improve. Well i've been involved in crypto even before it was popular. Probably 4 years ago. What started out with earning bitcoins through campaigns and faucets turned to trading and mining. It was initially about earning but the longer you get exposed to the technology and how it can play a big part in the future, it really will interest you beyond simply making profit
|
|
|
Those people who started to know bitcoin and it's potential last year, 4th quarter might have that opinion. Imagine investing in bitcoin at $20k, with the current value of less than $10k, wouldn't that be considered bad day? But for those who have experienced bitcoin rising up from $1k, today is still a good day and the hope is still there for bitcoin to reached $20k again.
Well anything that is volatile will have a bad day. Bitcoin's had several bad days, bad weeks, bad months in the past and for someone who's been in this market for a while, it's quite normal and expected. And expect there will be worse days in the future as well
|
|
|
Yes, but in my country they will most likely give out a dry ration than bitcoin (Russia). It seems to me more convenient to use bitcoin in electronic form. It is not designed for cash payments. Well you can't use bitcoin with cash payments dude since it is digital. And right now bills are already being sent through emails and you can even pay simply through your mobile device. It all comes down now to companies accepting and having options to have you pay in crypto
|
|
|
When bitcoin was 6k+, people were in a panic, and they wanted to sell it. And when the price of bitcoin soared, it was an interesting phenomenon that people were going to buy it again. Lol. Exactly my thoughta dude. Though i think it's still a hood time to get it, those people who were pouting off negative things about btc back in february could've simply bought in. That's why a lot of them also hate btc. Because of being too nevative, they buy high and then sell low
|
|
|
This is a great idea! And that's why we are all here-we all want to become millionaires. Fate gives us a unique chance and we should not miss it.
Well i'm going to be content with simply earning something to keep my future bright. Looking at bitcoin and crypto now and how the future could go, it can make a lot of millionnaires but i wouldn't want to put my hopes that high since if that doesn't happen, the disappointment and regret would probably be too much. I'm just keeping it modest
|
|
|
Many people have thrown their money out of the window just because they do not know the Digital Currency. There are many ways to play virtual currency that are introduced online, but there is no way to make money. Therefore, you should be careful of your decisions. Those who only play the trend are selling their coin. I think only those people who get panic of their investment are selling their bitcoin because they are afraid to lost their money, so they sell and invest their money to other crypto that they think more profitable. Well i don't care about them. Panic or not, i'm holding for broke. Probably a year or two. I know there will be pumps and dumps along the way and the urge to sell may sometimes be great but i've already conditioned my mind that a long term hold would be more profitable.
|
|
|
To all parents and soon to be parents out there, Plan for your children or future children by saving Bitcoin for them. Buying them bit by bit would be a great investment for the future of your kids. I am saying that you must have a new wallet for your kids so that when they come at the right age, you can give them that wallet and imagine how bright their future will be. You can hold bitcoin for their education, life plans, or whatever you think of. I believe that if you start storing bitcoin for them now, a bright future is ahead of them Obviously the wisest thing to do is to just hold your tokens in your wallet and overtime you can already notice the growth in your investment over time in my experience holding a token in almost 8months makes me almost 400$ but also depends on your volume of investment so proven that if you hold your token and maybe you can use it when you already have a children surely your investment will pump in that time. I wouldn't exactly put my kid's future solely on bitcoin though. Of course it would be good if i have bitcoin holdings but i wouldn't put their future in it. Having other investments for the future would be a lot better for me. A diversified savings and investments for your kids is the safest and i wouldn't have it any less.
|
|
|
i bet it is, because if you're going for long time investment bitcoin is one of the best choice. maybe about 2 - 3 years investment in bitcoin will give you a good profit.
Yeah but some times we have encounter an emergency and we need a money and dont have any choice but to get the investment with a low price. For investing we are not sure when we need money so we should risk. Well it's only as good as how the investor deals with the investment. If the investor is aiming for quick profits, then i think it'll be a bad idea since the volatility of the market will greatly sway thr value. If the person is someone who knows how to properly manage his investments and have the long term outlook, then it is more than a good investment
|
|
|
once you lose your bitcoin wallet you can not get it back or it can not recover again, you should be careful with your bitcoin wallet, just back up your bitcoin wallet and write down on your Cellphone Memo, Messenger and gmail so he does not disappear.
Yes, everyone should have a backup or everything will be gone. Also i would say precaution is better than cure so you can also share these type of details with one of your trusted friend or family so that he/she could help you in an emergency. Good idea Once you forget your bitcoin wallet password the one who managed the ledger can't access to your bitcoin account. Well good thing is, no one will be able to access that so your bitcoin's can't be stolen. Bad thing is, so will you. Your btcs would simply be lost. Though i don't think there would be a lot of people who'd make this mistake especially if they have a lot of btcs. People in crypto know the importance passwords and security keys
|
|
|
jes but dont forget to tech every single kid how to create their own cryptocurrency as well, so they aren't forced to work for the money of those greedy lambo seeking scammers that promote their garbage into schools, and want them for their personal private greedy interests as "money earning cattle"
Well probably teach them to be aware but not to the point that it's included in their curriculum. Eventually kids will be exposed to crypto with techmology being easily picked up by everyone, so i think it's enough to make these youngsters aware about the dangers and how to be careful when dealing with it.
|
|
|
for the moment no one is forced to pay tax on bitcoin, in every country there is no provision of tax bitcoin tax, the government also can not force ask tax bitcoin
This is a common misconception, do your research and you will notice you have to pay tax if you made money if you were investing or gambling. Governments don't care what game you played or where you invested, they care about your profits and want a part of it. You are paying tax yes, but that is if you do it through the conventional investments or gambling. I don't think traders and crypto gamblers are being taxed just yet. Well if there are then it's probably very minimal that not many know about it
|
|
|
people in here are not interested in digital currencies. They do not even know whether or not they exist. That is why I am relieved because bitcoin is still unknown by many people.
Where are you from and what it has with you if people around you do not know about bitcoin? The global situation about crypto is the most important here and as we can see bitcoin wins more and more harts and spreading over the world with pretty fast speed. The only thing you need to care about is what kind of laws your government will accept towards bitcoin and it's regulation. While the government doesn't interested in crypto you can feel free and do with your coins whatever you wish Yeah, I also don't care whether or not my community will be interested in bitcoin as long as I can use it globally for investment and soon for utility use. But it will be more good if my community will going to use it because it will be more convenient for us and bitcoin will thrive even more. Well we all are aware that btc's value will soar beyond the moon if it get's legalized by major economic countries and it will take thr crypto market with it. We can't do anything to make that happen though so yeah i'm focusing as well on my personal crypto journey
|
|
|
The prohibitions in Islam are clearly stated. Someone who reads the Quran can easily understand it. If you want to sin, you can also do it with the fiat. The Minister's statement is completely ridiculous.
Well bitcoin's been declared halal recently so i don't think muslim users would be prevented from dealing with crypto. Bitcoin is breaking boundaries set by culture and religion.
|
|
|
You can try to trade at binance or even at the other trading site which they won't need a KYC requirement in order for you to make a withdrawal. Because I'm pretty sure they are strict when it comes to age when there's a KYC on a specific trading site
Usually minors are needed to have a parent consent if they trade to some trading site which needs KYC they should need parents assistance, but threre also trading site that don't need KYC's so actually they can use us crypto freely as long as they know how use it I think there is no problem. Well as long as a person understands how it works then i don't see any problems. With how today's generation easily copes with technology, it's not going to be surprising that minors would have an idea or would know how to deal with cryptos. Not just for trading but mining, doing campaigns., faucets etc
|
|
|
yes of course now user is not more for purchasing bitcoin and indian government says its your own risk to buy bitcoin but increased user automatically bitcoin will be declare as legal.
but still it's only a few countries that declare bitcoin as legal and the other is not yet declare anything but soon I think the other countries will declaring bitcoin as a legal thing too. it is just a matter of time before we can know that many countries declare bitcoin as legal and until that time comes, we can get more bitcoin so we can have much money from bitcoin. Well most countries are just looking from the sidelines at this point not making any moves yet in support or against crypto. Many have issued warnings about bitcoin but keep they're doors open. Eventually i think btc will be legalized in majority. Probably even china will change their stance in a few years
|
|
|
so I wanna know do I really have to pay taxes on bitcoins and does my gov recognize bitcoins as my property and do I have to care about any legal action by gov on my bitcoin property?
If in your country is required to pay taxes for Bitcoin so inevitably you have to keep paying taxes. Because it means a rule-governed by your country and if you violate it will definitely get sanctioned. Well that's right though i don't think there's currently an existing law anywhere about obliging anyone to pay taxes for crypto. I think korea has a law already being studied on how to tax traders but it mat take some time before it can be implimented
|
|
|
Its very good question but i think that here is don't have any laws to prevent these threats if such a problem occurred than who will asset it and on which bases they will make a good solution for it.the best thing is that you will be very care full.
Exactly. Technically it's not illegal because there aren't any legal boundaries yet covering crypto. That's why i think having certain regulations are also vital with crypto's progress. Though it's not going to be easy hacking one's wallet unless of course the owner becomes careless with his security keys
|
|
|
For me, every time is
means there is no best time for you. If every time is the best time for you to gamble, then there really is not the best time, because every time is just a time for you to gamble. Although I doubt that, because I think of your life, of the time you have, there must be a time when you have no time to gamble at all, just one example, when one of your relatives is dead. I think he casually expressed his feeling towards gambling, everybody is very busy in this world. Spending some time for gambling is really waste of time because we won't get any knowledge from it, so it is better to spend some time for learning about trading because we might get more profit instead of wasting time for gambling. Who says you won't learn anything from gambling? Experiences you'll get there at times may make you a more mature person dude. And as long as they know their priorities, i don't see anything wrong with sparing a little time to as long as time and money allows you to
|
|
|
Gambling at the same table with a close friend may not be a problem for me as long as my friend able to keep the secret regarding my habit. But if I have to gamble with relatives, this for sure will bring another problem when I came home and I won't allow it to happen.
Well i think there's something wrong there already if you're keeping your gambling a secret. If you're not really that hooked into gambling, i don't see anything wrong with even your relatives knowing your hobby. For me it's pretty much the same if you gamble with your close friends and relatives
|
|
|
Yes, if you like, then you can keep your money in your wallet all the time, but I think selling at the height of the currency is the best option because you don't know what it will be like in the future. .
Asong as you have a secure wallet then there's no problem. If you can have a hard wallet for your long term hold then that's much better. And i don:t think there's any way to know if a coin is already at it's height. If you're a hodler, there will be pumps and dumps within the time you're hodling. Best to stick to your original plan
|
|
|
|