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Base from my recent post "Does bitcoin could be call a job?" I have read your opinions regarding to that. Doing these things is a form of earning money basically we have income. So does it need to be taxed? Because this is also a source of income, and we might call it as a job?
Doing contract killing gives you income but is it job? Do we tax Killing Bounty income? Earning Bitcoins isn't come under economic jurisdiction of most of the countries. You can send, receive, hold, trade as many Bitcoins as you want to. But where problem actually comes is while converting them to fiat money. As according to law of all countries, when you sell or buy Bitcoins, such activity will be considered economic one. Depending upon your countries laws, you have to pay tax. Income is taxable always, you might earn from contract killing but if you’re caught you dont just get a murder charge, you also get IRS on your ass |
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I think I would go to bitcoin cash,lite coin or Ripple ,
Or maybe in Minexcoin heard that it is a good coin and have a huge potential.
I wouldnt bother with a pumped up centralised bullshit like XRP which is controlled fully by those very banks we stopped using. |
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I think in a few cases it has been used but to state it is widespread I am sure that this is more media hype to trash Bitcoin reputation than a reality. Now that you need to be fully KYC with any exchange the annonumity of withdrawing to FIAT is gone not to mention new tax regulations.
Well KYC isnt needed if you sell for cash by using say local bitcoins to sell to a local buyer by meeting them somewhere physically |
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I didn't realize that, time to bust out some champagne I suppose. Happy birthday, magic internet money! Lets hope for many more years of pyramidy goodness to come.
Indeed, 9 years already the 21st century version of Das Kapital was put in practice by Satoshi: "all speculators, big and small, unite !".  Loads and loads of lives where changed for the the better or the worse due to cryptocurrencys, lets hope we have more of great run |
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Bitcoin become expensive because of the demand of the people, there are many investors on it so the the value of bitcoin is going higher and higher. There is a limited allocation in bitcoin because there are only limited of supplies. It just in economy, there is law of supply and demand. As we can see bictoin is always pumping because of the investors and more investors wants to invest in bitcoin because bitcoin is more trusted, capable and more consitent than other coin.
Yeah supply being limited is a important contributor to the entire BITCOIN regime. Other alts have near infinite supplies for some reason lmfao |
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No doubt about it. Investing itself is a risk. What more if you invest in bitcoins. A hundred fold. We all know that bitcoin is very much precarious. It will never become stable even in the years to come. It is it's nature. And for you to turn all your money to bitcoin is a very bad thing to do. If you really want to invest in bitcoin do it intelligently. Invest only that portion of your money that you can willingly afford to lose. In that way when things didn't go too well, you can still held your head high with a smile in your face.
Dumbest thing I heard all day, investing into cryptocurrency or stocks is a high risk investment, you might double your money but at the same time you also stand a chance for it to go to zero |
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Bitcoin itself is not being taxed because it is decentralized currency. The goods and services offers in the industry and interprises where we spend bitcoin is the one being taxed by the government
Agreed, why don’t people get that “The goods and services offers in the industry and interprises where we spend bitcoin is the one being taxed by the government” for some reason people thing that taxes = centralized control over bitcoin |
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Yes of course. In fact the company of bitcoin is legal company which their existence is recognize by the government and all operations they held is supported also by the government;
from this you are assured that bitcoin is secure and not a fraudulent scam company.
That’s the best part about cryptocurrency you can only ban them on the surface but they’ll always be there no matter what. It’s like banning gold lol |
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right, I think bitcoin can eliminate unemployment because by working in bitcoin they will have their own income and can not be said as unemployed because they already have income for their needs
How does working for BITCOIN differ from working for any other currency out there? Seems like the dumbest thing I’ve read all day lmfao |
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and what have you purchased with your returns
I bought all my household needs with bitcoin. in addition I also bought a computer with bitcoin that I got from the work with bounty campaign and still many that I have bought with bitcoin. You realise you are tagging a person who commented that in 2011, EVERYthing about cryptocurrency has changed in all that time lmao. |
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In some countries do not support bitcoin because bitcoin is risky and the government may not want the risk to happen to its citizens because it can cause a person to go bankrupt and lose all the money.
Well cryptocurrencyisnt AS risky as people say it is. Sure it can go to 0$ but will it? Highly debatable. I definitely feel it wont go to that low or anything |
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300 USD, thought is was expensive as hell at that time
I heard about bitcoin in 2016 and at that time bitcoin price was very low but I was sure that bitcoin price will go more high because in 2016 bitcoin was struggling to reached in to different countries and its users were also lees but then with a passage of time bitcoin was not only becoming strong but its price was also going high and now bitcoin price is very high and its stable in market and its very safe and sound for investment. Same except sadly I thought it was some kinda ponzi so I didnt bother buying any. Much regrets now lmao. Cryign over spilt milk I guess |
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What we know every day bitcoin price increases, because many people use bitcoin as an investment tool and transaction even though I need bitcoin, I will not sell it but better I buy more. Because seen bitcoin price is very good we will better hold bitcoin in a long time.
There can be two reasons that people are selling bitcoin first of all bitcoin can be sell for daily needs such as food etc. and secondly people can sell it if they are investors and they want to earn from it because normally people buy bitcoin when its price is low and then they keep it on hold for some time when its price go high then they sell bitcoin and take their profit so that’s the reasons when people around the world they are selling. Yeah not everyone buys bitcoins just to invest for a long long time and HODL their coins. Some people buy it for day to day transactions too and HODLing for long is useless to those people |
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Signature campaigns for bitcoins if you have a high levelled BCT account can be worth a lot. Easy and cheap way to earn a lot of bitcoins
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Yes, it has falled to $14000, good time to invest before it’s late and you’ll miss out on the moon to $25k
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It’s not that risky as people say imo, even stocks are risky, Every investment is risky. Those who said government is good, what happened in 2008?
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Yet another exchange shutting down, there are 50+ exchanges at this point. It’s kinda saturated with the biggest exchanges having billions of $$$ worth of volume. A smaller exchange shutting down doesnt mean much
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It’s really debatable how much ethereum will rise IMO since alts are taking a massive hit lately. Like just look at coinmarketcap Ripple has already beaten ethereum . ethereum market cap will close down to bitcoins if it hits 4000
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For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important. Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcUwhich makes expensive bitcoin prices a factor of very high market demand and very limited and little bitcoin availability, that's the main trigger for bitcoin to be very expensive. Rate of bitcoin is the major element which effect trader motion when the rate of bitcoin decreasing the trader start buying more and more bitcoin and when the rate of bitcoin is increasing then trader start selling bitocoin. |
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Bitcoin is truly unstopable and now africa allowed their people to buy bitcoins they dont wanna left behind. They know bitcoin is a good investment and secure block chain technology africans really a business minded. Bitcoin is really easy to use and now some are accepting bitcoins as payment.
yesbitcoin is gaining the momentum in the africa , its becasue of the legalization of the bitcoin in the africa , african's are the bussniss minded and are good steps taker, they take good step toward the bitcoin and they will eat the fruit of the bitcoin from all over the world. their people can invest and trade in bitcoin with courage so an emvoirment is created and bitcoin is gaining the momentum in africa. |
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