As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default. Read The Full Articlei think when all people are using Bitcoin and focus to it and don't want to work in any job anymore you were right if this happened. since the world change by technology maybe Bitcoin can only change that income tax Not kill or Bitcoin can be taxable now if government notice that they don't have any worker available because they are all here in Bitcoin. Maybe it doesn't really kill the income tax but it really affects the country's income taxation since there are many people who are in favor of being a self employed as they see that there are good opportunity in bitcoin so they will resign from their stable job but still there are people who have not yet believe in bitcoin. |
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Bitcoin is much special than other cryptocurrency because of ita price. In crypto market the value is all that matters, you are not going to buy such a low value coin and unpopular ones if you do not see any potential on that coin, right ? Due to bitcoina high demand around the world and so the volatility of it is high also and tend to increase and decrease pretty fast.
It is different from other currency since bitcoin is a crypto currency and a decentralized system and maybe being a decentralized makes bitcoin special. There are lot of people getting reach because of bitcoin that is why more and more people in the world having curious of this new form of currency and engage on bitcoin for their individual goals of getting rich. |
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Of course, when the price of Bitcoin will reach above $50000 USD then I will donate some portion of Bitcoin for the poor people in my surrounding area. Basically, donating to the people is a benevolent job so that I am going to create a platform which will work for the deprived people.
according to my will, I have already made a plan regarding this issue and some of my closest persons agreed with me on this point. So hopefully, we will make it possible and we will work for the poor people through Bitcoin.
If i have an opportunity of having more bitcoin then why not? I will convert it into a real money so that i can buy something for them or directly give them a real money for them to use. As my current situation that i have limited or have a fraction of bitcoin only then what i can do is only helping my direct family and my relatives that is also need of help in terms of financial crisis. |
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I think people are still gambling because they're finding their purpose in gambling and they not gonna easily quit it til their purpose is gone.
Nothing wrong in it, if we have a purpose in gambling, but if we have a purpose under our budget then gambling can't disturb us. Because in gambling everyone has these Two main purposes to Earn Money or Entertainment. But majority of the gamblers choose earn money and for earn money from gambling, only when you use money in it then you will gain money from gambling and only when if you are lucky man. So use money in gambling which you could use easily not out of your budget. There are a lot many highly paid and well organized discussion forums on the internet with a large number of active members posting their comments and getting the responses on immediate basis. A list of these include Forum. Bitcoin, Bitco.in and masterofbitcoin.com and last but not the least bitcoin.org. Moreover you can opt for the social media sites where a large number of people are to listen what people want to say and hence you could advertise your site easily. agree with you. I have also used these forums a long time ago and I was very addicted to them as I get all the information of everything that is coming in market first from my friends and I was very happy of this thing. I am aware of that also which you are saying that a lot of people are active at the same time because I once posted in that forum to get out of the confusion regarding gambling and I got my inbox full instantly. Certainly yes, everyone of us have a different purpose of why we gamble. Others take to gamble just to have pastimes, escape from boredom and sometimes aiming to an instant profit even if we have no assurance of winning because the fact about gambling is we are taking decisions without knowing the outcome since gambling is only about winning and losing and we always have no choice of that. |
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It seems to me that it's still too early to leave the crypto world. Be sure to stay and continue to work! In any process there are good times and not very much. Now the transition period. The moment when you need to wait a little. To despair still early!
Well, I think all i can say is that it depends upon the kind of your present Job because there are things that need to consider prior doing that crucial decision, like major needs benefits, health benefits and other things that only a company can do. Or if you feel that it is more profitable to focus on bitcoin than spending a long time everyday in a company with a fixed and limited low income then why not? bitcoin is an opportunity and its good to grab it if it is worthy than your current job. |
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I don't know when is time to stop.  I stop when I lose everything. I think you do not need to wait before you lose everything, if you feel that you always loose you should beed to stop because i think you know what gambling is, it is not profitable, it is just for entertainment. Me i do not stop yet but i dont gamble every day i do gambling when i feel i am lucky. We do not like to lose money in gambling but that is gonna happen most of the time therefore we should accept loses but the most important thing is that we have to set a limit so we will not get so frustrated in this kind of situation. When we start chasing bets and we loss control that will lead to more loses and if we are weak in controlling our emotion then I think it will be hard for us to stop, better not gamble at all. I stop in the end when I lose everything too, and I agree with you people that we need to know to accept that. I said many times that gambling is not easy and if anyone wish to win in gambling he needs to be ready to risk often to do that with big amounts and in case of losing that money to chill out and come back next time with more money and try to win back everything that is lost and to make profit on top of that, that is possible only with risking and playing very aggressively. This can't be done by anyone, you need to have balls and be brave to risk against all odds and if you fall to be able to rise again. It is not healthy to wait and loose everything before you decide to quit because you might wake up in huge debts when you finally gain the conciousness to quit gambling. I think the right time to stop is when you start loosing or when you start with a profit. There are reasons of why people tends to continue gambling and get hard to make it stop besides of fun and excitement is if you already define the sweetness of winning then every time in the game it is always in your desire to win even if how many times you've get lose but still your spirit to win is unchangeable until such time that your money slowly gone and at the end only you will realized the regret of letting situations control over you. |
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Never mind. If someone doesn`t like Bitcoin it is not my problem or my responsibility to change people. I respect everything that the person says. I would just listen and ask questions to see if the person actually knows anything about Bitcoin or is just trying to sound clever.
Yes, its their life and their decision we cannot force them to do so and its not our duty to spoon feed them about bitcoin way points as i believe that a really interested person will find its own way on discovering new possibilities like bitcoin , what i can do for them is only to spread the good news of bitcoin because of of the goodness that i have already experience from it. |
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We can manipulate Bitcoin's price by following the Law of Supply and Demand. Just like what the whales are doing to manipulate a certain coins that will looks like many buyers are buying. Manipulators simply buy a large amount and sell.
For me its certainly no, bitcoin price cannot be manipulated since it is a kind of virtual currency then it all depends on how people use it like they buy or sell it more. So the law of supply and demand really affects the behaviour of bitcoin. |
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To call yourself a gambling expert you have to show some proof. It's not enough to brag and it's not enough to go all in once and win big. You have to be consistent with your winnings. If you want to know who I'd consider gambling experts? Those guys who work in casinos full time as gambling advisors or floor managers. They know all the tricks and how to spot cheats just by looking at the way they're holding their cards, dice or chips. Poker tournament winners also deserve to be mentioned.
Yes, there is no such thing to be called a gambling expert even newbie can handle to win the game if it is his lucky moment because we know the fact that there are only two option in every game the win and lose but we have no choice of this option. The only advantage of experienced gambler is the strategy of how much bet he takes in every game. |
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I think it is only a sin if the money you are using to gamble was not earned honestly. Other than that, gambling can be a hobby.
You're totally correct, gambling is not a sin at all which its our own choice to gamble which the money that we have is came from our own effort like our salary income. I would say it will be a sin when it involves life and death which you try to gamble. As what we all know gambling is just for pass time just take a breath from stressful moments in life, but some people take it seriously which can do bad thing due to their greediness. Yes, for me gambling is not a sin if ever we do it in a right way, like for not cheating in order to win and like said that money is from the right placed. In other way around like government prohibited gambling then if you do it against the law so that is the time that you committed a sin from your authorities but for the law above i don't think so. |
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Definitely yes, and that is the reason why the bitcoin bubble prophecy is created. Like a bubble bitcoin price can grow as much but would burst when it reach it's limitation. When time comes that people lose trust to btc future as investment to yield huge profit and not consider buying lot of btc anymore then it would be worthless.
Certainly i agree, if more people doesn't have any interest on bitcoin then possibly happen next is there is lot of selling than buying, so a lot of supply than the demand until it reaches it smallest value as its value drop into smallest then more people will get uninterested to bitcoin and i think that is the time that bitcoin value become worthless. |
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Actually it's embarrassing for me to do gambling instead of in casinos. But when i was in casino, there was no such feeling and i could enjoy the game inside.
Then maybe you are enjoying gambling so much that is why you don't feel anything and its okay to enjoy life even through gambling for as long as you will not use anyone's money or owe someone money for the sake of gambling then everything is okay. I agree with you. As long as the gambler is not risking anyone elses hard earned money as a debtor or even his own hard earned money fo fulfilling the urge of gambling that has been created due to the addiction that they have built over time, then they are good to go. The problem arises only when the gambler gets engrossed in the gambling act so badly that it turns into an addiction which is hard to overcome. It leads to bad debts and even in some cases bankruptcy. No, there is no need to be ashamed if you involve in gambling as long as you are not doing bad things to every one or not cheating and use others for your own good. As for me the most shameful things is theft but gambling is not. |
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To what you should focusing on basically depends on your personal circumstances and the skills you have. One way to make money in crypto is to become a professional sports bettor or poker player. Deposits and withdrawals are anonymous and local regulations are irrelevant. If you try to make money with trading, the trading platform might have to report you to authorities and you have to pay tax.
I think there are ways how to make money in crypto and its true that it depends upon of what ways you are comfortable like me i am only focusing on bounty campaign because its the only thing that i think i am capable as i have not yet explore those different ways considering my time i have from regular work. |
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I think they will ban bitcoin because of the fearful that may affect of the economics of my country but i disagree there opinion because working bitcoin is very helpful for me especially the support financial.
Your guess is probably true. If it is known to the government and how it is running it is likely that it will be banned by the Government as a result of the absence of tax that they may get and no law enforcement in its use and in the forbidding action. Certainly bitcoin for government is an illegal practice and it is illegal to enter our country. Because of its absence of tax and laws on it I think even if the government knows about bitcoin in our country then probably they don't care as long as there is no crime that are related from bitcoin and instead they should realize that many of their citizens that are benefited or gain financial profit from it and above all those who are jobless can have the opportunity to income. |
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Free money? Hell, no, you need to invest before you make some profit, stop saying that they are free money because they are not. You seriously need to understand how they work before posting crap in here
Well, all i can say is there is no more free money all this time it needs capital to gain profit and speaking of capital its either a money or time and efforts that you need to spend prior getting the profit. |
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It could make a great impact just like what is happening now.
But it needs progress too. It cannot stay to be like this for long processed transactions which takes days even with average payments. That will be unfair for the users.
One more thing is the fees. The large amount being paid could lead to people looking for something else which is better and cheaper.
Because we like it or not world will be coming digital if we ask bitcoin will have an impact to the world economy yes it has, because it every currency will seek for domonance that the people will recognize as the world currency.that world economy is dependent to it like fiat money today dolars is still holding the dominance of world economy. As of now the bitcoin cannot directly contribute the growth of every economy of the country since bitcoin is a decentralized and not every government adopt on it as this time but i do believe that people will directly gain benefits of the goodness of bitcoin and if many people getting rich then i think it has good effect in our economy. |
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i have plenty of friends and neighbors who are both partners are gamblers they both play and enjoyed it,for me it's okay as long as they understand each other.
Yes, because it is important that both of them wants the same things it is very good for a couple than the other one are gambler while the other are not so there are possibilities that they don't undesirable each other. Most couples are gambling are fucking brokes because if both lose they gonna sell everything in their house to sastified their gambling addicted . One is enough, two is misery. I hope I don't meet someone or couples who are broke because they would try to ask for money and promise to pay it back. That's scary because you know that they would just gamble it and the risk is pretty high compared to average investments. I have friends that came from there and they were buried in debt. It is to be expected. I have seen several couples who are fond of gambling and is living in poverty. What is bad is that thier children does not deserve this kind of living. they should have stopped gambling and focus more on the profit generating activities. Gambling might be a good way to strengthen bond but it also work to weaken relationship when things gone wrong and they can't moderate their gambling activities and as a result they often have arguments since they are lacking money for their daily needs. Yes, sometimes gambling can destroy any relationship and this is primarily because of time issue, since you already give priority most of the time to gamble then the time for your family will be neglected and worst of all if time comes that you will get addicted that even the family financial will be compromise. |
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For day traders and short-term investors, volatility presents an opportunity for making profits. By correctly predicting the short-term trends in Bitcoin, traders can make substantial profits; much more than investors who have a buy-and-hold strategy.
Yes, that is normal as a crypto currency it is the adverse effect of buying and selling in altcoin or the bitcoin itself and i agree that volatility of bitcoin can give chance of small investors and trader to gain profit by keeping monitoring the trend. |
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just hold or buy ETH, because i believe the eth price will increase at the end of 2018 to 5x from the current price
If i have that amount of bitcoin then i will covert the half into our local money and hold the remaining half because i have my own personal needs that differ from others, so if that is really a question on what you should do of your 12 btc then seriously my answers is its all up to you since we are all have different purpose and needs of financial aspects. |
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In my day to day basis with work, I start seeing gambling as an opportunity to earn more and have more money knowing that if I win a certain bet, it would make me richer. That is the impact that I have created in my mind and it made me somewhat more a risk taker and it has given me more opportunities with my life.
I think the impact of gambling that affects one's life is when you are already get addicted in gambling and you sacrifice everything just to feed your gambling needs and one day you will awake that other important things about you was slowly gone and its hard to bring back the time for us to correct that mistake. You do realize as well that winning isn't guranteed so what you think your opportunity to get rich may very well be the reason you get broke? Gambling it seems are placed in high regards for you but that's how most addicted gamblers start, by seeing gambling as a good opportunity to get rich |
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