Both are good the only difference I see is real estate investment needs more capital compared to buying and selling BTC to USD and vice versa. Also trading BTC has more risk as you will need to actively observe it unlike Real Estate where the piece of land only appreciates in terms of price. Real Estate is less risky as holding a piece of land is more safe compared to holding a bolatile currency.
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If you are a whale and you want the market go exactly where you want than 105,000$ for a tweet is nothing considering the pay off you will get in return. This is also a proof that influential people have the power to move the market even with just a single interview or opinion about the cryptocurrency. Also another proof that some of them are abusing their power with this kind of confession. Although I doubt that this is true as revealing one of your secrets would simply make you an unreliable source for information. I don't know why he is doing this but he won't gain anything but distrust to its follower.
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I wouldn't say its still valid but an ugly inverse cup and handle has formed in the 4 hour chart and its currently completing the handle. The reason why I say its not valid anymore is because it already broke from the handle and also the cup that was formed is more of a "W" rather than a well rounded "U" making the price breakdown possibility low. With the recent price jump from 6500$ we are now seeing Bulls trying to take control in the 7,000$ and right now we have failed to go up above 7,500$, another fail for that would mean a continuation of the inverse cup and handle, which BTC is expected to go down below 5,900$
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May I ask how did you calculate it? Because price projections based on how long the down trend is not a good idea without any technical analysis basis. We have heard this before as early as February, a lot of people say at the start of Feb 1 we will see Bitcoin rise back up, and then it move to March, now April, and what we are seeing now is June. I am tired of these kinds of forecasting as it gives false hope to those who don't know what they are doing. It is misleading them and potentially making them lose money.
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On the government having its own cryptocurrency. I don't think that is a good idea as they are like creating another currency outside of their Fiat currency which means their would be an internal competition between the two currency they have. It would like saying to their own citizens that their own money is not enough.
But on the government allowing cryptocurrencies in their country, I would only see a good effect in terms of economical growth. But that growth will only come when proper regulation is applied, because without it a lot of people earning cryptocurrencies would have the tendency to evade taxes or falsify their income return.
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What is wrong with this title? The user did not commit suicide, he threatened to commit. But it is, in fact, a very complicated time. And such technical mistakes make people even more desperate.
Yeah ever since the creation of the internet mass media even the mediocre ones create some misleading headlines in order for you to read the full article where the content is actually partially not true. This kind of news sites want to have the highest traffic possible and they create clickbait articles not worthy for your time. Even using the word "commit" is wrong like they are implying that he will do it in the future which there is assurance to it. But with this news hopefully a lot of people now see that Bitcoin and other cryptocurrencies are legal in China as proven by OKex having an office in Beijing and has clients there.
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Actually there is no strong evidence that the price will go down unto that value, and perhaps until may the value will stay under 6k or it will surge back to 9k because of some holders nowadays that keep buying at dip price. and for sure those Fud's is the only one who always saying bitcoin will drop back to 3k to frighten some holders on this circumstances.
I don't think we will ever have any kind of evidence when it comes to price forecasting we may only predict or analyzer on where it will head too. Right now what we are seeing is that Bitcoin has already been rejecting the price 6500$ and below and is trying to break the 7200$ resistance we can say is the bears and the bulls are battling on who will take control on Bitcoin's direction. And if 6500$ is hard to break down what will be the possibilities that it will go down to 3000$? And based on what I am seeing the chances are low.
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A few options are presented:
1. Don't say anything, it's virtually impossible for any tax agency to find out what you have. However eventually they might be able to and you could face serious problems.
It can be an option but do you really want to evade taxes? I mean you are not only breaking the law but you are also being unfair to your own country, if a considerable amount of you are evading taxes your country might suffer from it. 2. Mark it as freelance work and a tax rate will be applied to it, up to 50% (reported by an user) It seems that they wont ask for much information or proof as long as you are declaring it intentionally.
Freelance work or work from a company does not make any difference as long as it is income it will still be taxable as income tax. And I don't think 50% tax is a reasonable tax rate to begin with. The thing that will give you a different tax rate is classifying yourself as either employed or self-employed.
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As long as your cryptocurrency exchange has an option for wire transfers then there is no problem for you or your bank account. And I think you have created this thread because you are misinformed about banks banning accounts related to cryptocurrency, well there is no such thing and it is all FUD, voiding a wire transfer from an exchange is not a valid reason for banks to not accept your wire transfer, it is like stopping you from receiving your own money. Also one of the main reasons why they don't have wire transfers is they want you to deal with it personally using your own appropriate crypto wallet, I don't think that all exchange have the capacity to be an all in one service.
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This can be applicable to anything but if you are looking for a promotion in a job it will depend on your bosses on who they see is worthy to be promoted and sometimes the hard worker is the one who gets promoted as he sees him working his ass off for the company. But there are other bosses where he sees smart workers as intelligent people that can be proven valuable to the company, but it will depend on the interpretation of the one who will promote you. Sometimes just showing that you want the position as well as you show your dedication to the company is enough.
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I guessed its a win for cryptocurrency traders as other countries goes way more than that when it comes to taxing trades. Usually Value-Added Tax is around 12-15% and Capital Gains Tax is around 20% more not to mention that it is way lower compared to classifying it as an income tax. Let us see on what kind of framework Thailand's SEC is currently working on as I think it is much more important in order to control and prevent certain abuses in the upcoming taxes for the cryptocurrency trading.
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If you follow the "herd" aren't you considered as a stupid investor yourself? Because any investor/trader in their right mind won't let their emotions ran over their decisions because they are seeing the market in the state of panic. This is what separates the real investors from the fake ones as they know what to do during these times and they don't follow the hype, FUD, or anything else that will lead them in a bad position. The real investors also are the ones who are taking advantage of these "stupid investors" as they are the ones who are buying and selling their mistakes.
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So the new method of predicting the price of Bitcoin is now subtracting 2500$ every month? I would have to say that you are brilliant as you have come up a formula for Bitcoin's doom as Bitcoin will be priced at 0$ after the last day of June. But to keep things straight you don't know where Bitcoin's bottom is as buyers are already lining up their orders as they even see this current price as an attractive buy zone, we are already seeing a price rejection at the 6500$ level and we might have a short term bull run soon.
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It will take more than that to lure in some entrepreneurs in doing business in there. I mean to keep things real as possible Bitcoin or any cryptocurrencies in that matter is not one of the main things a businessmen is looking at for, things like taxes, economy, target market are the things a businessmen is looking for before they venture out and try a business out there. They are only attracting a specific group of people who want to create a business out there and all of it will be crypto related businesses.
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3795
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Other / Meta / Re: Activity, Merit, Politeness, fMerit, Imagination, Virtue, Coins, Karma, Posts !!
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on: April 01, 2018, 07:27:14 AM
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I guess it is part of an April Fool's joke as there are no buttons to click to add those "FMerits", "Politeness", "Imagination" and the rest unlike the Merit system. I got to say that the joke got me as I was scrolling through some threads and I noticed a lot of new stuff under Activity and Merit, first thing I did was to visit the "Meta" section and find out there are no official announcement about the system. Also I take a quick look at my profile page and there was nothing new. I was shook at first but its all good now. Nicely done ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Looking at how the tax is applied to trades, I don't think that the Australian government is against cryptocurrency. Like in my country, Philippines buying and selling stocks also has taxes and fees ranging from Value-Added Tax to Capital Gains Tax which I think is justifiable in our constitution. Also applying taxes won't necessary mean that they are against cryptocurrencies, simply not applying one in their trades would give an unfair treatment to the investors of the stock exchange.
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If the government will apply taxes to Bitcoin transactions what will it be called then? Because I don't think you can even count transactions as an excise tax as the sender of the BTC is the one shouldering the transaction. Taxing it would only make things worst for any BTC users. If the government has something to worry about its not the transactions itself but people who will try to evade or falsify their true Bitcoin earnings which can be really bad for their economy. The quickest fix to that is of course regulation which majority of the governments who are supporting BTC are doing.
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Maybe a $5k and that $3k would only happen on worst case scenario. If it ever hit $3k, I'm sure that the real holders will be left behind and not those self-proclaimed expert and that would make the market very positive again.
I would have to agree with you. Looking at the 5 minute chart of Bitcoin we are seeing BTC battling around the 6,000$ level. During the 2 days of my observation I have seen BTC reached 6,500 and then quickly go back up above 7,000$ which means Bulls are having a confidence with this levels and they are not letting BTC to go down. But when we go down 6,500$ we might see BTC go down to 6,000$ and if that support breaks we may go down more to your worst case scenario, everything is now possible at that point.
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There is some chance that this will happen but i can't imagine that everyone on Earth will have internet connection and own computer cause only at this time paper money will have chance to disappear.
Even not thinking about the technology needed in order to pursue a digital currency world or a cashless world chances are Fiat Currency will stay and be there for the time being. Talking about its legality and how it will survive based on that, our Fiat currency is protected by our constitution and several laws involving sales. Most of our local laws only identify our Fiat Currency as our legal medium of exchange and this is what majority of our law makers is stating on order not to make Bitcoin a legal payment method in their country.
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I can't call it as a "recent dip" as the dip is still and progress. There are no signs that it will bounce to this level of 7,500$. We still have key supports at 7,400$, 7,200$, and 6,900$ and even if we will re-test those supports we will see the bulls try to battle it out in order to have a reversal. We all know that if this market cycle continue the down trend might be longer than expected.
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