Just like what is applicable in buying goods or services, bitcoin can be tax if it is transferred to another person in which case not all transactions should be tax because there are cases when an individual would just transfer it to his another wallet. The only way for the government to track the transfer is when it is done in a centralized platform and the users need to have KYC to do such transaction. They will know who buys and sells so they will know to whom they will collect such taxes otherwise the platform would just automatically charge tax to every transaction and government will collect the accumulated tax to the platform owners so that it would be easier.

Numerous times market analysts have called the bottom and then it will rise up a little and fall down again. It seems the market has no energy again to get up and just tired of the rise and fall that's why even if we are already at the "bottom" again, there is no buy and sell pressure and market is moving sideways.

The market has been on an adrenaline rush last year that's why it is discouraging to see the price goes lower and lower and many are not interested to buy now. Along with the negativity surrounding it, it continue to go down because some are giving up and sold at a loss but I still believe it will go up again. Meanwhile, lets be contented with the small profits we get by swing trading it.

We are still in the adjustment period of bitcoin becoming a payment option rather than a speculative asset. There are still so many merchants who doesn't accept bitcoin so we have no choice but to convert it to fiat and if ever we exchange it to the price now, we would spend a larger amount of bitcoin compared to the price when it would have a larger fiat value so that we can spend less bitcoin.

For now, majority of the people are holding bitcoin because we believe that its price would increase in the future and yes it would make it just a speculative asset rather than a currency which should be its purpose. Until all the products and services are still valued in fiat, then bitcoin would continue to be an asset because there is an equivalent fiat value of it which would make it volatile and prevents the businesses from adopting it.

What I like about financial freedom is that I own my time and can do whatever I want as long as I can afford it but without exerting an effort to earn it because it will just come automatically. In the beginning, you have to work hard and work smart to achieve financial freedom because there are so many people who work hard but still not able to reach their goals of financial freedom due to some mistakes and spending habits. The way for it is having smart investments or passive income in order for you to still earn without needing to work anymore.

There are many people who wanted to achieve financial freedom but refuse to have an extra effort to achieve it. There are so many who are dreaming of it but refuse to take an action. They are just until the dreaming part but do not make a move to achieve it. I am hoping that someday, saving and investment would be taught in school because nowadays, school program the student's mind to study well to get a better job or in other words, work for someone else. 

It may be bad news for people who bought bitcoin at a higher price and are expecting for it to go higher so that they can have profit but for those who were able to get in early, it is not that bad news for me as I am still in profit. I am with bitcoin since 2016 when the price is still below $500 so the price of 6k-7k is still high for me.

It may still be hovering around that price during that time but surely there would be ups and downs to the price which means there is still an opportunity to profit. There is where the importance of knowing how to trade enters because even if bitcoin do not go up just like what happen last december, there is still an opportunity to earn. Some businesses may even consider of adopting bitcoin as payment option because price is not that volatile anymore.

No wonder there are so many coins that are only listed in decentralized exchanges and in some small centralized ones because the price is too high to be listed in a major exchange. If ever they weren't able to reach the softcap or hardcap then it would be hard for them to even be listed in a decent exchange. It would be up to the developers then if they want to push through their project so that it would be more valuable and be listed in a bigger exchange to have more volume.

It made me realize that service is one of the ways to make a higher income with this technology of ours. Businesses do not make their own content or own an properties but through their service, they are making millions. In this case, exchanges make millions or even billions without having a coin, social media earn by the content of its users and even if uber or grab do not have a car, they earn millions as well.

I trade for money and for emotional satisfaction. Like what is mentioned in the article, there are times when I don't really care if I am on the bad side of the market as long as I am in the game because I feel that I am left behind which is really wrong. Doing this for the long term would be just burning money because I would be at a loss always cutting my profit short and letting my losses run which is kinda opposite of what a trader should be doing.

I am still in the stage wherein I need to combat with my emotions when trading because it is a hindrance to have a rational way of trading. This is the reason why trading plan is important so that I know what my next move would be in case the trade goes the wrong way. This have been my mistake so far and I want to change the way I think or rather the way I trade by putting aside my emotion.

It would depend on the applicable laws involved in the country you are sending the coins. It is assumed that it is legal for the sending party to have those coins and it would depend then on the receiver if it is legal for them. For reference, you can check the legality of bitcoin here https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory.

As for the recording of transactions, the parties should have an agreement how would they record the value of it but most likely it would be in terms of fiat value. Maybe they can use a platform in which they would send the coin there and then the recipient can still receive it in fiat because it is already converted or the recipient will opt to receive the coins and they would just decide when to convert it but the recognition of value would still be in fiat so that the books would still be balance in case there is reconciliation of accounts.

We know that bitcoin price is volatile so it is expected that the amount today may be double or half of the amount the following month so if I want to invest in it at a fair amount then I would use cost averaging technique. This would mean buying the same amount in fiat every month so that I can get it at an average price. Even though there are various ideas and technical analysis as to what the price of bitcoin might be in the next few weeks or months, still the price is unpredictable so in this way, you can have it at a price wherein you will not incur that much losses if the price continue to go down.

As the price continue to go down, your average price continue to go down as well making you loss less and if ever the price shoot up afterwards, you will have higher profits. This is a good money management as long as you decide to make it a long term investment.

Bitcoin Cash is famous because it is a hard fork of bitcoin and there is a bitcoin name to it that's why people are drawn to it. It is shilled by the people behind it especially Roger Ver. He bought bitcoin twitter handle just to let people believe that it is the real bitcoin. He doesn't need to do that if bitcoin cash would really be able to surpass bitcoin. Bitcoin Cash would shine on its own without the need to claim that it is the original bitcoin. I don't think bitcoin cash would be able to take the place of bitcoin especially now that bitcoin has been improving in terms of transaction fee and later on lightning network would be a big help for adoption.

When the next bull run comes and popularity of cryptos increase again, exchanges would be able to prepare for it but there would still be lapses because they don't know how much volume they would be able to get and I think in the next run, it would be larger than the recent one last December. They would be able to anticipate it through the increase sign ups and the volume getting larger.

Cryptocurrencies would be a hot topic in the mainstream media so people would be aware of it so during this time, exchanges should already be ahead of the game and ready for the influx of traders because it is their loss as well if their system would not be able to handle it. They still have ample of time to get ready especially this time when crypto are lying low and people are not that interested yet.

It's pretty brave of him to reveal the truth about him shilling those coins. Others would just continue to deny that they are getting paid to shill those coins. This revelation of him would have an effect to how the people would perceive those tweets of him. Some who didn't knew about this would just continue to follow what he promotes while others would just continue with their own and not depending on anyone on what coin to buy. There are always assumptions that he is getting paid by the people behind those coins and now the truth come out and it is expensive!

This would be an eye opener for people who blindly follow anyone who is famous and may be reputable in other fields but not in cryptocurrency. As always, being on our own would always be a better way of trading than blindly follow anyone else which may end up in a bad way.

Blockchain technology would be a big help especially to the monitoring of funds as this is a big issue to the government agencies in which corruption always happen due to mismanagement of funds and having no proper documentation, the information can easily be manipulated. If there is blockchain technology, it would be easier to track the funds because it is all recorded in the system and no one can just easily delete or alter such data. This can be done without using cryptocurrency so I think cryptocurrencies would eventually be declared as illegal if the government have a strong opposition to it or will just be treated like stock but there would be applicable rules as there are no specific rules in majority of the countries.

I am happy now that our government is not oppose to cryptocurrencies and even allowed some platform to operate so that the people can easily buy and sell it but maybe if they see that there is already uncontrollable funds that they cannot monitor properly then they would ban it and declare it as illegal. Blockchain technology would be useful in many aspects of the transactions but cryptocurrencies can be disregarded.

It would be too stressful to have too much debt and if you have a negative thinking then surely you would not be able to recover from it unless there would be someone who would pay your debt for you which is less likely. You can start of with having a positive thinking and list all your debts. You can go to your debtor and ask if there is a way for you to restructure your debt because they may consider it as it is better to receive something than receive nothing at all if you stick to the original payment terms.

You can start with the smallest amount of debt and then if you paid it then move up until such time you will be able to repay all your debts. It would be hard and may took years to repay all of it. You may have to let go some of your wants temporarily or permanently but it would be for the better.

China "may" legalize ICO so it is not a definite news. There is a possibility then that it will be implemented or not for that matter. China has been in and out of crypto and any news from them before has a major impact to the price of bitcoin before but now, the world is moving on without them holding the majority of transactions as we know it is illegal for them to be involved with cryptocurrencies so whether they would legalize ICO or not, it wouldn't matter that much.

If this would be true then it would be good because they are back in the crypto scene and it would be an advantage to the investors too. Scammers would be track and be lessen. We know that many are taking advantage of the anonymity of crypto and make millions of dollars in just a span of months by conducting ICO that are just eventually a scam so legalizing it would make the people behind accountable.

This past few months has been an eye opener for the people who thought that it is easy to earn in crypto market and have an overnight success. Last year, bitcoin and cryptocurrency in general has been trending because the price has made a parabolic move and many people entered the market not knowing the risk involved or knows there is risk but assumed that it is not that high.

After a few months, they bought bitcoin with the price double in which case they already lose 50% as what it is now and many regret why they got involved in the first place. Some even borrowed money just to invest in bitcoin only to find out they are in the losing side now and can't even pay their debts. I think some people will get out of crypto totally while some would try the trade and get back what they lose and still continue to earn bitcoin.

I will also add https://coincheckup.com/ to this list. There are many alternative with coinmarketcap so I think it is time for people to move on and find another site that will provide more accurate data. There may be many people who depend on it but it is time to shift and mistakes are made from time to time. I don't think that they intend to scam anybody. It is just that they are outdated and they need to update their info because many people depend on the data they provide. With the amount of traffic they get every day, it is time for them to at least spend an effort updating their site otherwise they would lose a lot eventually.

It is just speculation. These analysts you are talking about may be able to predict the price but they are not always on the spot. Maybe they have given their subscribers the impression that they area always on the spot because they edited their post or delete the post that they are wrong so that you would always believe them.

Psychological factor has a big effect in trading that's why it is easier to trade when you have a small amount because you don't mind that much whether you have profit or lose but when you started to go big, you are concern that you might lose it that's why there are times you end up with losses because you don't follow your trading plan anymore because you are blinded with emotions.

We are still looking at bitcoin in terms of its fiat value that's why it is stopping us to spend it whenever it goes down because that would mean, we would need higher amount of coin to pay for those goods or services. Usually, prices of those goods or those services are in fiat value so we still need to convert it. This would always remain as it is because we are still pricing the items in terms of fiat but if the items are price in bitcoin and we do not worry anymore of its equivalent value in fiat then that's the time it would become a currency. For now, it is more like an asset and for speculation purposes.

One of the reasons why ICOs fail is the failure to market properly their ICO and the lack of communication to the investors and the bounty campaign participants. There are so many ICOs to choose from and it's hard to choose which ICO or project would really be useful in the future. Too complicated projects is one of the turn offs as well to the investors because it makes them doubt if the developers would really be able to implement the project properly or may even be able to push it through. The more simple the project is, the more understandable it is to the investors and imagine the outcome and how useful it is to the people and then investors can see the demand of it in the foreseeable future.