An interview with Jihan Wu, the 32-year-old co-founder and co-CEO of Bitmain, the world’s biggest cryptocurrency mining firm, addressed some of the controversy and conspiracy theories that have swirled around Bitmain. During the interview, he was asked, "Why did decide to put all of your money into Bitcoin when you heard about it in 2011? What made you take that leap?" The mining mogul replied, "I very quickly grabbed the idea, apprehended it, and thought it would work. Money is not a binary thing—money, or not. It’s more like a scale from zero to one. Something is more like money than other things. That’s the first thing we need to know." He continued, "So when Bitcoin was invented, it only mattered how many people recognized Bitcoin as money. Two years since it was invented, there were already thousands of registered users on forums like btctalk.org. They came from every corner of the world—German, Russian, American, Chinese, and other countries. Without the Internet, forget the idea because you can find no support—no companions. But with the Internet, people can live very far from each other, and you can find other people who accept the same idea and form consensus and an economy on the Internet. I think that’s a very fundamental catalyst for Bitcoin’s success." More here, http://fortune.com/2018/06/08/bitcoin-mining-billionaire-bitmain-jihan-wu/ |
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In my country, cryptocurrencies, and bitcoin usage are allowed and we have Bitcoin ATMs here...and even if we convert Bitcoins to fiat, however big it would be the government don't tax it... more so to retired individuals.
So let's say you buy Bitcoin at $7000 to later on sell it for fiat at $10,000, you don't have to pay one single penny in tax? I highly doubt that. I can spend my Bitcoins in order to get rid of my tax liabilities (as long as it is before every first of January), and it's all legal, but that doesn't apply to anything related to fiat. As soon as you start dealing with fiat, you are subject to a whole variety of regulations that only work out in your disadvantage. I find it hard to believe that there is a government not taxing Bitcoin in that way, especially when you sell for a higher price. You have to report ALL income to the tax man!
You heard that peeps, feed the elite! Yes, I didn't pay a single cent tax. Just this 1st week I withdraw from my coins.ph* wallet a small amount of BTC worth 120,787.66 Php (2,304.23USD) they just charge me fees but not tax. *Coins.ph is a mobile wallet where Filipinos make online payments, load beep™ cards, and buy bitcoin. Available on web, Android, and iOS. ~snip~
You have to report ALL income to the tax man!
Maybe in your country but not here in the Philippines and other countries as well, as there are many countries that don't tax Bitcoin and other cryptos and you can simply google it. ~Snip See, in income tax you would have to declare it no matter what form of currency or legal tender you earn from. May it be in the form of fiat or bitcoins, you would have to declare it and there will be a corresponding tax for that. ~Snip Since you generalized it, so, do you think individuals in the Philippines file their income tax honestly? Do they declare all their incomes? What about the senior citizens, retirees or pensioners trading bitcoins or have some sort of income other than the pension, are they required to file income tax too? Also, there are lots of government officials and politicians (national, local down to barangay level) who are over 60's, and there were also retired generals and other police/military men who are senior citizens too and currently serving the government who are receiving over hundred thousand pensions per month, and still receiving pay and allowances from the government, are they required to file income tax? If affirmative, show proof! |
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I only know of Denmark and Germany but only if you have held them for more than a year I believe.
Does anyone know of any others?
You may add Singapore, Belarus, Caveman Islands, Slovenia, and the Philippines. Bitcoins (and other cryptos) users pay 0% tax on Crypto Profits while withdrawing tax-free Bitcoin in the form of fiat currencies. |
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The price of bitcoin hit a two-month low over the weekend – and social media is alight with speculation about it. While pundits don't quite agree on the circumstances behind the plunge (with some blaming reports of a widening manipulation crackdown, the hack of South Korean crypto exchange Coinrail or just some pre-week selling), what's clear is that the price move has acted as a kind of social thunderbolt for the community, spurring commentary from all sides. Investor Alistair Milne ran a Twitter poll on Sunday soliciting input on what people thought sparked the dip – in perhaps a sign of the times, half of the roughly 3,700 respondents blamed "aliens" with 9 percent and 12 percent blaming the Coinrail hack and the CFTC subpoenas, respectively. See more: https://www.coindesk.com/why-bitcoins-price-7k-social-media-some-arent-happy/According to CoinDesk's bitcoin price index, Bitcoin fell more than 10 percent over the weekend to a low of $6,647.33 on Sunday. Bitcoin is down about 50 percent this year and more than 60 percent off its all-time high hit on December 17 last year. Since then, bitcoin hasn't consistently hit a technical level people expect of. |
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Back in 2017, cryptocurrency cards were all the rage. Touted as a solution for the limited cryptocurrency market, they promised a new age of crypto — we just had to wait for it. Well, it’s summer of 2018 now, and we are still waiting. Something has clearly gone wrong. I think it would never happen this year and maybe next year it won't still happens. The reason is that banks are worried about the asset’s volatility, and therefore they're banning cryptocurrency purchases using its credit card. http://fortune.com/2018/02/05/bitcoin-buy-credit-card-bank-lloyds/ |
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UPDATE: Just added EMINENT... fuel for the beepbeep nation apps.  |
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Hey everyone ! We are announcing an ICO soon and will be having a bounty campaign. We want to choose someone who the community respects and trusts because then the community will participate in our bounty . Could someone please point us to a list of bounty managers who are trusted and respected in the community? We've seen one list but are unsure if it is up-to-date. Another factor is we would pay them in our native token so they would need to be open to that/look into our project and see if they see the potential and are excited about it. If you have any inquiries or questions about the project or joining our announcement team please message us on telegram @EtherAceTeam or at this link https://t.me/EtherAceTeam , we would love to chat about the project. You can visit our website at https://etherace.io if you wish to get a preview of our project. Thanks, Your EtherAce Team Actually, there exists a table that listed all the best bounty campaign managers and all the current projects they managed. Please give credit to Hakamura as he's the one who made this table, https://docs.google.com/spreadsheets/d/1B4sMp4rDeYjPn3Lkbxn6Ot5KLQFERPXloIl5lUbTVBg/edit#gid=691200443 |
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The Bitcoin price has today dropped 12%, taking its year-to-date losses to an eye-watering 50%, after South Korean exchange Coinrail warned users it’s reviewing its system due to a hacking attempt. Meanwhile, rival cryptocurrencies Ethereum and Ripple are both down over 10% today. The latest blow comes as the Bitcoin price struggles to find a floor amid regulatory concerns, dwindling transactions, sky-high power consumption, and criticism from the world's established financial industry. However, Bitcoin holders aren't broke yet — overall, the Bitcoin price is up over 100% on this time last year when it was trading for less than $3,000. More here, https://www.forbes.com/sites/billybambrough/2018/06/10/the-bitcoin-price-is-down-50-this-year-alone-heres-why/#1b693a6a6801 |
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Very interesting indeed. This Bitmain Antminer Z9 Mini is new to me and upon checking it's designed to mine BitcoinGold and I think it's ok as the price is very affordable and the ROI is easy to achieve with the daily profit of $31.22 per day. What do you think guys?  |
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Investing in ICO's is also risky but profitable specially if you have a big investment but it will happen if their project will success.So,be careful for the ICO's you joined and always put your money that you can afford to loss if ever.
wise advice, its more like gambling than investing tbh Investing in ICOs is not like gambling but it is a more secure way of investment than any other after investment in bitcoin. It just need some knowledge about the ICO. You need to know that how to search for the identity of the team members and to know about the reality of the project in which you will invest your money then everything will be better. I don't believe investing in ICOs is a more secure way of investment. Well, I know ICO is the rockstar of the investment world, but the problem is how to find good ICOs as they're few compared to the majority of ICOs which are bad and/or Ponzi or scam raising millions of dollars with nothing more than a white paper and a crypto coin dependent on a small network of nodes running their blockchain. |
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UPDATE: Just added INS, and GSC Aviation managed by deadly and Wapinter, respectively.
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Katatapos ko lang i-activate ang account dito ngayon ko lang kasi nabuksan email ko. Bale 5 coins pa lang ang tradable dito sa CX; BTC, BCH, XRP ETH at LTC.... meron na ba sa inyo naka-try mag trade?
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Hi guys , I am a begginner in the crypto world , after a long study of the market , rules and regulations research. I am ready to start inversting . First stop that catched my interest is orbis https://orbistransfer.com . Because it has paypal and card purchase . No kyc and country restrictions so I can buy it from US. $500 dollars allocated . Any other promising icos ? What do you recomend. Update. btt link for who wants to review my first choice : https://bitcointalk.org/index.php?topic=3844192.0I would advise you to do more research on an ICO project you're investing as many of ICOs or out of every 100 ICO projects 99 is a fraud or a scam according to a developer of smart contracts. Also, according to this article, A New Way To Raise Money: The Initial Coin Offering, "Many of these companies are raising millions of dollars with nothing more than a white paper and a cryptocoin dependent on a small network of nodes running their blockchain." |
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Yes, I didn't pay a single cent tax. Just this 1st week I withdraw from my coins.ph* wallet a small amount of BTC worth 120,787.66 Php (2,304.23USD) they just charge me fees but not tax.
*Coins.ph is a mobile wallet where Filipinos make online payments, load beep™ cards, and buy bitcoin. Available on web, Android, and iOS.
How is coins.ph supposed to charge you tax? It's not whatever service charging tax, but your government, wich happens after you declare your activities. I too can buy and sell as many coins as I wish without paying one single penny in tax, but that doesn't take away that legally, I have to declare everything (mainly the gains at the time of selling for fiat), and pay tax afterwards. Maybe in your country but not here in the Philippines and other countries as well, as there are many countries that don't tax Bitcoin and other cryptos and you can simply google it.
I Google'd it, and it turns out that the Philippines are subject to tax on crypto, just like anything else.  I am sorry, but you didn't put your source, so it's probably not true. Presently, there is no new regulations issued by the Philippine Bureau of Internal Revenue (BIR), or even the Banko Sentral ng Pilipinas (central bank of the Republic of the Philippines) relative to taxing cryptocurrencies. I can say it because I live here in the Philippines. Let me quote a portion of a business news published on February 26, 2018, 10:00 PM, "In the Philippines, it is not clear yet if the bitcoin will be treated as any other stocks subject to percentage tax or property subject to ordinary tax or capital gains tax by the Bureau of Internal Revenue." https://business.mb.com.ph/2018/02/26/cryptocurrency-the-tax-risks/ |
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I'd assume your from the Philippines in which I'm also too, you see the way your talking about this low,medium,high risk investment plan is nothing but a scam sounds really a stupid investment, investment plan in fact that you don't have any information where or what they doing to your money but I'd still prefer its more risky investing to bitcoin than the actual bank because legal bank have at least 2 to 1.5 % of gain annually to what you invest with, but with bitcoin it is likely to fall any time soon with its fluctuating market stabilization.
I think you're right, investing in bitcoin is riskier as compared to bank investment, and I think there are only two banks in the Philippines that offers investment, BDO and BPI. However, even if investing in banks is a good option, I would still invest in Bitcoin no matter happens. |
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