of course it will remain popular. until whenever, during bitcoin still has a price, I feel that bitcoin will continue to be popular. bitcoin have the very many advantages over other payment, so, I guess there will be some nice things when bitcoin have a stable price.
I think the world would be using then if bitcoin will be stable, it's a sign that it's a strong currency and businesses will feel confident in adopting with bitcoin and we can see major businesses using bitcoin in the state. |
|
|
|
I don't think that any of the governments will be happy with the death of income tax. They will never allow that to happen. In case the income tax becomes obsolete, then the governments are likely to make up for that, by increasing the indirect taxes such as VAT.
of course it is a loss for the country. they will lose substantial revenue. those people will not pay the tax they have. This is one of the weaknesses bitcoin, everything is not the visible. Some of the richest men in the entire world pay less tax than you or me, what bitcoin will do is to give the average person the possibility, if they want to, to avoid paying taxes if they choose to like all those rich men. They pay less because they are tax evader but with bitcoin we are not tax evader since it's a different situation here, it's not regulated and we have no obligation to pay taxes to the state. |
|
|
|
Why sell everthing that is nt good that is only e+destroying economies an it an become only chaos that is not good to do and it will never be i really cant understand that in people brains.
Selling does not mean destroying economies selling means that they are needing money and they going to buy soon when the price is going down it will not become chaos, People nowadays are a fast thinker even they know that it can be take risk they always say goo. It is not bad to sell your bitcoins and yeah where did you got that idea of selling will destroy economy? As a matter of fact, when we are selling bitcoins we are contributing to the cycle of bitcoin and the market keeps on moving. It is more acceptable to say if all of us are not going to sell our bitcoins for there is no cycle happening in market with that move. By selling it encourage market circulation and good thing you can sell with a profit but if not never do that unless yo are in a desperate situation. Bitcoin is an investment and a precious asset that the longer you keep the more it's valuable. |
|
|
|
no, i don't think so, but i think it will "accompany" USD more like now, and it will become more and more popular
Can't imagine if the dollar replaced bitcoin. Not good that we have but quite the mess. I think there may be currency could replace the dollar, because as the main currency for transactions of the world. The world would not be in order if that happens, there will be chaos everywhere because no one will control us and we cannot be controlled. That's something should not happen now and in the future. |
|
|
|
The best source of bitcoin nowadays as far as I know is Trading. I get my Bitcoin when I bought some and I guess trading really is the best source.
Trading is good for earning bitcoin, but you need big amount of money if you want earn big profit. In the other hand, if you have small amount of money, you can still earn money in trading, but it's not good enough and don't give big profit. For me signature campaign still the best source of bitcoin nowdays. That is not entirely correct if you invest in an altcoin that gets pumped you can make multiply your investments many times, the risk of that is the coin never gains any traction and you lose your investment. The way you explained is like gambling. You're investing by thinking that prices of those altcoins will boost to very high price just like gambling to win big amounts. But that is not a right way to trade. In that kind of trading, you may lose your investment than making a profit. I always go long and make some decent profit and so for never made huge profits from my trades. At least it's more safer than the actual gambling itself, it's like trading but for long term. And only a person with a gamblers mind will be able to risk with that kind of investment and that's we. |
|
|
|
It is money, neither bad nor good, its the user that matters
Yeah that is right like all other currencies it is also a normal currency and it is used for good things or for bad things it is totally depended on the minds of people who use it so if it goes to the hands of good people bitcoin will be surely used for good. I agree with that because we can't control the intention of the people, there's freedom to use bitcoin here so why would they want to be dictated and in fact we are all sinners so we can do good and bad and bitcoin is just an instrument. |
|
|
|
500-1000 is easy with another boom... Despite risk $1200-$1700 USD each would do.
A millionaire doesn't always mean to have that much in value, just enough to make that in a lifetime... For that figure to forth to obtaining more while you can!
There's no specific amount you can ensure everyone will enjoy, the decision is base on us because we have different interest in life and we have different lifestyle, for some it might not be enough but for others it's too much. |
|
|
|
Cryptocurrencies are a wise investment themselves, although dividend stocks or currency trade would boast when learned. Investing can take a few years to learn and then a few years to master with riches (or a small profit for beginners.) so be careful.
Try with a smaller amount to better your chances long term with periodic reinvestment.
It could be risky but it's the best investment IMO, we can earn more money here when our investment succeed and we just need to spend small amount of money as our capital, the beginning of great things is here. |
|
|
|
mining coin if calculation profit sell it
but bitcoin price is low and calculation still lost save itu or use trading
calculation include electicity and tool hadware, and another operating cost
You have to make a plan before start mining like the cost of electricity/hardware and profit will you get periodically so you can know mining for you is profitable or not , why you use trading? . Definitely you can call mining as a business therefore you must conduct a business plan, and with the current situation small miners are not so successful just like the old days so that is also be considered and you will figure out how to succeed. |
|
|
|
I first heard of bitcoin by accident in late 2011 while searching for new places to play online poker that accepted US players that had fast easy withdrawals. I stumbled upon SealsWithClubs poker and to make a long story short, I swallowed the red pill, bought a bunch of Bitcoin and thus began my Bitcoin adventures.
It was really gambling that supported bitcoin in the early stage and now we can see more gambling operators are shifting to bitcoin, that's the same of my adventure as well. I am a gambler and I want to make it more convenient until I found bitcoin. |
|
|
|
I think that some banks can be trusted and to be honest I still trust them, without banks the bitcoin would also not be something, the whole economical system are based on banks..
All Banks can be trusted as long as it complies with the government regulations and operating legitimately, remember this, Bank is a business of Trust. |
|
|
|
|
They are not cashing our because they treat this as a business and want to continue earning. It's easy to understand, one time big time does not apply here, they are reach and they have different mentality from us.
|
|
|
|
I have $100,000 to invest but want to safely double it in a year. Any suggestions?
Buy stuff to ebay then sell it to amazon? I have saw many tuts in google about buying stuff in ebay then it will sell on amazon, I think it's a good investment if you're good in buying/selling or you better to start own business like cafe or restaurant that nearby on your house. ;-D Or he can try to invest in bitcoin, although its litle bit risky but the chance to get profit is bigger. If he still worry, just take some part of that money then invest it in bitcoin. If he get profit he can decide to put all of those money in it. It's risky but you have a bigger chance, I can tell you that with $100,000 by converting it to bitcoins now and hold it for 5 years you will earn at least double of your investment, that sounds great right, but you have to take risk. |
|
|
|
I don't really have that such investment.I just buy Bitcoin when the price drops and then I sell when the price rises.However, I will also save a bit of bitcoin for the long term.Bitcoin is more than enough for me as I believe in its full future potential.
If the bitcoin price rises every month, what will you do? if price price rises every month then i will buy bitcoin in huge amount and after i will hold my bitcoin for long time and when bitcoin price rise to 50% then i will sell my bitcoin with high price and i will get a big profit from bitcoin with easily. Don't wait for that to happen because you are not gonna buy bitcoins, there's no trend that it will rise on a monthly basis. The price that you witness now have already risen a hundred percent compared to last year so it's enough already to convince you to buy. |
|
|
|
I do not believe in fiat. It is very prone to inflation and to keep their savings in Fiat's very dangerous and unprofitable. My choice - Bitcoin
You can't say that, we are all using fiat so definitely we believe in it as well. We cannot live without fiat as it's a necessity so be realistic man. |
|
|
|
For me the most important thing is that nobody else has access to my wallet.
Bank accounts can be closed, the money confiscated.
My bitcoins will always stay my bitcoins unless I use them or I'm sloppy with my wallet.
It's not possible with your wallet if you take careful steps to protect your private information to access the accounts. Here, you can hide you real information especially your identity while in bank it's impossible to do it. They have KYC. |
|
|
|
BTC helped me reach businesses that were far from my place. It gave me opportunities that I could not even dream about and nowadays it gives me a living. I appreciate the opportunities thanks to BTC and I love my way of living that it provides so yes, BTC is Good.
I agree. It also makes my transactions faster. Whenever I want to put my stuff in auction, I accept btc payments so thst I can easily sell my stuff and get my money. Also, not only in business we can use bitcoins. Like me, I also used bitcoins for paying my bill and buying loads. It's easy and instant, undeniably bitcoin is great. Transaction time is a major reason why I prefer BTC. BTC is good because you can avoid delays due to banking shifts (some banks do not send transactions at night or at weekend) and among different banks in different times zones. BTC network works 24/7 and you do not have to adapt to the working time of banks' employees. Cheers to that, banking system is very weak in terms of transaction, they do check well the transaction before approving and they have the power to freeze our accounts while here it cannot happen. |
|
|
|
Well, if I really needed the money, I have to do is find a job that provides a salary corresponding to his job. if I really need it, borrow it is the way that I should select. yeah, but, I'll just borrow according to my needs, so I had no trouble to replace it in the next day
It's more easier and safer, I guess regardless of our achievement in life as long as we are healthy we can always find a job, it's easy if we do hard work and we will not quit in times of trial. There are rich who does not even rich college so we have equal chances here. |
|
|
|
Personally I don't think bitcoin was ever devised to replace fiat at all, it is going to become a currency that despite not being backed by any government it is going be valuable and useful for a significant amount of the world population, but fiat will continue to exist.
It's not because it has not capacity to do it, pretty simple to understand for us, bitcoin users are not even 1/3 of the total users of fiat so we know the answer. |
|
|
|
Obviously taxes apply in most (all?) countries.
But I wonder if there is any place on Earth that has no taxes associated with bitcoin? Like maybe Dubai?
Anyone know this?
There are a lot of countries that bitcoin is still not yet honored so they don't have choice but to ignore bitcoin even though their citizens are earning good amount with it that's why there are a lot of people who are using bitcoins that are evading taxes because their source is not taxable and that is with bitcoin. There is no tax only the company or exchange are paying for a tax that is why they are giving a exchange rate not the exact price in in preev price. In bitcoin we are just paying fee for every transaction but in local exchange like here in my country there is no fee for every transaction this good thing in our wallet.. but i think that company are paying in taxes which is a company that nearly here in my place.. anytime you can go near to them and see the bitcoin atm.. tax only apply if they are asking for a fee for withdrawals.. Exchanges and other Bitcoin related services do pay tax over their entire revenue and profits translated to the fiat equivalent. They can't hide from the IRS. Most exchanges don't charge you anything when you cash out fiat, so from that point there is nothing they have to pay tax over. That's however not the case with certain services that allow you to buy and sell coins. They mostly charge fees ranging from 1 to 5% per transaction. Over that percentage they have to pay tax. does that mean they could only charge the the fees or taxes in case of exhanging between fiats and cryptos, in a nutshell?
government should reserve bitcoins and altcoins in order to ensure they have sufficient fund to sustain the country instead of simply asking their citizens for the tax.  That's a good move, only if they will even try to consider that bitcoin is going to be able to help to the country's finances. This is possible to happen if a country from the first world will do this initiative and after that the smaller countries will try to do this too and will imitate what's on the trend from the rich countries. That's too much to ask for them, we are not even regulated and bitcoin is not considered as an asset or commodity like gold is. It should be in a sequential process and we start with the beginning which is being regulated. |
|
|
|
|
Show Posts
