The government will only impose tax on products/services that they can regulate and monitor. As for cryptocurrencies, tax imposition would differ from country-to-country as each has their laws with regards with it. As far as I know, countries like China, South Korea and Indonesia have imposed laws with regards with its regulation and control in the economy.
As a law abiding citizen, we are mandated to follow the law and its implications. If a law was created focusing on the tax aspect on bitcoin, then expect its prices to be controlled and regulated at some point.

I highly see bitcoin as the gateway towards this technological advancement of digitalised payment in the inevitable future but there are a lot of things to consider when applying bitcoin as the main currency in the world. Remember that what determines the value of paper money is the number of gold reserves per country and it is only a representation of such value. Now for bitcoin, applying it to all transactions would require it to be fast as compared to fiat. Since it utilises the blockchain technology, I doubt that it would be.


I agree. Due to its high volatility and lack of government intervention, bitcoin prices are very unstable making products/services inaccurate in terms of pricing. Also considering the economic discrepancies per country, I doubt that we will be seeing bitcoin as the main currency soon. It may be regarded as an alternative method of paying your bills but as for a main currency, I highly doubt it.

Due to bitcoin's decentralised and volatile nature, the government are skeptical about its implementation in the society. But personally, the positive implications that bitcoin bring outweigh the negative implications. It provides an opportunity to all the public into earning alternative income. In fact, I see it as an equalizer among the society as no one is hindered from investing into it. The only thing that you need is for someone to have an initial investment (for the ones who can) or at least knowledge about cryptocurrencies (for signature campaign purposes).

I slightly disagree. With the current situation wherein countries are starting to impose rules prejudicial to bitcoin's existence, I say that bitcoin can be considered as an investment which is better for a mid-term. A lot of factors are needed to consider when you invest most of your resources into bitcoin. Though the price history of it may depict that its price may soon skyrocket, bitcoin in the world right now is the hot-topic of large investment companies and even the government.

I personally recommend that you should explore other investment types and you should not rely solely on bitcoin as your investment program. You could also look into the other types of cryptocurrencies like ethereum, ripple, litecoin, etc. as they have been showing positive results lately.


With great power comes great responsibility. Due to bitcoin reigning as the number one cryptocurrency, some countries are starting to impose rules that prohibits the use of such cryptocurrency as they fear its decentralised nature may contribute to their conflicts. I agree that the interest of people are still inclined to bitcoin as its price is the basis of it.

There are a lot of factors to consider first on why its price dropped significantly in the market. If the reason is due to a world-wide prohibition to most hegemonic countries, then expect people to lose their faith and shift to a new cryptocurrency. But if the reason is due to a high-supply, low-demand kind then accumulating more bitcoins would be the approach as it may skyrocket once again. It really depends on the situation in the market and it also depends on the current state of bitcoin when it comes to the view of the government on it.


Like you guys said, the decision on acquiring bitcoins primarily lies on the situation happening in the world. If the government of each country prohibits the use of the said cryptocurrency, then expect people to sell their coins thus making its value obsolete.

Following the logic that nothing is consistent in the world, another type of cryptocurrency would surely take its spot at the top. The problem with bitcoin is its slow transactions and many prohibitions by countries in the world. Maybe in the future, there will be a cryptocurrency that is better, faster, and reliable than bitcoin but it will remain as a foundation to all cryptocurrencies.


People would just hoard and circulate their bitcoins until its value skyrockets. Once that happens, people would likely sell their bitcoins and that will contribute to its volume in the market. I believe that the 21 million bitcoins in existence would just circulate until another type of cryptocurrency would dominate instead of bitcoin. Nevertheless, I highly doubt that it will disappear despite having many conflicts in the world (even if the government decided to regulate it).

It is easier said than done. The government cannot legalise something that they cannot regulate as it might pose a problem to them economically and politically in the future. Bitcoin's nature being decentralised and volatile makes it very difficult for the government to regulate its transactions among users and that is the reason on why some countries prohibit the use of such cryptocurrency. Last thing, if bitcoin were to be regulated and expect prices to be controlled at some point. Investing into cryptocurrency would no longer be different from stocks, bank deposits, gold, etc. in terms of acquiring value.


One country that legalises bitcoin does not constitute that every country would legalise it also. If France sees the opportunities provided by cryptocurrencies, then they it might provide economic support to the public. There are still a lot of countries that are yet to legalise bitcoin and that what hinders it from growing and developing further.

I agree. A foreign electrical currency that has been developed for less than 10-15 years cannot fully eliminate the relevance of banks as every country acknowledges fiat as the main currency. Since every country has their own denomination on the prices of their paper money depending on their gold reserve, banks are there to regulate transactions among individuals per country. Since most countries prohibit the utilisation of cryptocurrencies, bitcoin cannot on its own end banking.

But if in the inevitable future once we adapt into a digitalised form of payment, maybe cryptocurrencies would dominate the market and require banks for its regulation (though I highly doubt about this due to its decentralised and volatile nature).

In order to maximize my profits and at least mitigate the damage of losses, I have invested into three (3) categories namely:

1. Stocks;
2. Real Estate (i.e. condominiums and lands); and
3. Cryptocurrencies

The reason on why I invested into STOCKS is purely for long-term investment. Though the movement and price might be slow as compared to cryptocurrencies, I consider my stocks as my assets for the future. For real estate, a part of my monthly salary goes to the payment for the condominium that I bought. My goal is to at least have as many properties (also for long-term). Lastly, I consider my investments in cryptocurrencies (mainly bitcoin) as my bread-and-butter in terms of accumulating income for short-term.
I take advantage of its volatility and price fluctuations to my advantage in order to maximise profit in a short amount of time as compared to the other methods that I do.


Highly debatable and it may be relative to each individuals' experience. As investing into cryptocurrency may yield you large amounts of profits in a short amount of time, the lack of collateral and security may be its trade-off. Bank deposits are covered by insurance (depends per bank on the maximum insured value) and stocks are regulated by the PSE.

Generally, everyone has access to cryptocurrencies but not everyone has the means of acquiring so. People from the marginalised sector are hindered by their current circumstances into acquiring cryptocurrencies as they lack the necessary factors, like having a stable internet connection and an electronic wallet. Maybe in the future once we adapt and embrace a digitalised form of payment, people from that sector would be able to have the means of getting cryptocurrencies. But as for our current situation? I doubt about it.


Technically, beggars are under the 'marginalised sector' and not all of them beg for money. As our world adapts fiat as the main currency for transactions, I believe that cryptocurrencies are irrelevant into their situation as they need to focus more into their livelihood rather than worrying about having bitcoin.

Generally, people tend to gamble due to the mindset that it can solve their financial problems but in reality, only makes their situation worse. The problem with gambling is it creates this endless cycle of people going-in and out regardless of their winnings/losings. For example, if a person won in gambling the tendency is that he will most likely visit a casino soon bringing that mindset that the odds are always on his favor. The other example is if a person loses in gambling, the tendency is he will continue to gamble to recover his losses.


It is easier said than done but that is the right thinking. Once a person gets addicted to something, they attached themselves to it making it difficult for them to let-go. If they get too attached into gambling despite affecting their respective families, it would probably be his downfall and may slowly lead to suicide if drowned in debt. The key here is SELF-CONTROL.

You need to understand that there are a lot of implications when adapting bitcoin as a general currency in the country. Below are some of my opinions on why countries cannot fully adapt a digitalised system of payment:

• Due to economic discrepancies between developed and developing countries, adapting a digitalised form of currency may be prejudicial to developing countries as their technological advancement is behind as compared to developed countries;
• Cryptocurrencies in general is prohibited by some of the top countries. Using this as an alternate currency would conflict laws and may potentially create disaster;
• Cryptocurrencies' nature are on the internet; having a stable internet connection is mandatory which I believe some countries are behind;
• Due to its volatile and decentralised nature, it would be very difficult to set a standard in the price of products as compared to fiat; and
• Transactions involving cryptocurrencies are relatively slow. This means that acquiring products/services would take time as compared when transacting fiat.

It is without a doubt, however, that bitcoin is indeed considered one of the revolutionary innovations created as of date. Having to transact digitally around the world while providing anonymity is truly remarkable but we have to consider some factors before we adapt into it. I believe that in the inevitable future when countries are able to embrace this system, bitcoin would be the gateway towards this idealism form of transaction.

Based from my personal experience, short-term investments tend to benefit me more due to fluctuations in the price in a short amount of time. Remember like 3-4 months ago when bitcoin prices skyrocketed up to $20,000? I instantly withdrew all of my coins and profited two-folds from it.
Every investor has their own experiences in trading. One might say that long-term investing is more profitable but others might argue that short-term is more viable. This depends on your goal as an investor whether you focus on the long-term or short-term perspective.



That is why you need to be updated to the recent news about cryptocurrencies as it influences the price. People should regularly check the market volume for potential spiking and predictions but investing into cryptocurrencies are generally a 'high-risk, high-reward' system.

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Hoping to participate into your campaign sir Yahoo!

The question is rather vague, as cryptocurrency in general is no less other than currency! But there are methods on how people may earn income by utilising such currency, and here are as follows:

• Participating into campaign signatures by contributing your knowledge about cryptocurrencies in the forum;
• Doing services under the marketplace for specific persons if you can meet their requests and demands;
• Investing into bitcoin by acquiring some while the prices are still low currently (this requires a minimum investment and capital); and
• By gambling your bitcoins and hope that the odds are your favor (I heavily disagree with this method).

Schools perhaps should include an optional subject that discusses about cryptocurrencies and the blockchain technology so that students may have knowledge in this particular aspect. But in order for that to happen, the government should first view cryptocurrencies as legal in the country.

There are a lot of factors to consider when accepting bitcoin in a country. Due to its decentralised and volatile nature, government intervention and imposition of tax is impossible as it cannot be regulated. The blockchain technology is so complex and technical that even the government cannot track-down transactions. Now, bitcoin has been used by criminals as a gateway under the dark web for illegal transactions of drugs, etc.
Not to mention, some banks see bitcoin as something that is dangerous to invest-on due to its 'high-risk, high-reward' factor.


It may be harmful but the positive implications it provide outweighs the negative ones IMO. As cryptocurrencies may be decentralised and have some lack of collateral, I see it as an opportunity to invest and earn long-term profit as compared to the other types of investment.

This is the normal behavior of bitcoin on the market. Expect prices to continuously fluctuate or at a constant level due to external factors, such as: country prohibitions, law implementations, large trading companies releasing news on NOT to invest into bitcoin, etc. About your investment, just take it slow. Bitcoin has been showing a constant price at the market as of the moment and take this as an opportunity to invest while prices are still low.


Like what I said, this particular phenomenon is typically normal in the cryptocurrency world. Expect prices to skyrocket at some point and also expect them to decrease significantly. In my opinion, take this as an opportunity to invest more in order to take advantage of the time. But if you still feel nervous about your investments, then just wait and let time do its magic.

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Prices are still considered high as compared to last year's price. When you mean 'bubble', then expect bitcoin prices to decrease significantly continuously. As compared to its current situation, bitcoin prices are still continuously rising, despite having a massive breakdown from $20,000 to ~$10,000. Though one might consider it as a bubble, cryptocurrencies in general are still in the market and more investors are still seeking for potential skyrocketing of the price.


That is the definition of a bubble. When a bubble happens on a certain product or service, people would start to lose interest and eventually pull-out their investments, resulting to an obsolete product in the market. As for bitcoin, many ICOs are popping-out and more countries are starting to accept it as an alternative payment for retail establishments or monthly obligations.

Agree. I mean, people would exhaust all of the said means in order to earn alternative income. This mindset has been going around for like eternities as having money gives you the capacity to own/buy things. Now, investing into cryptocurrencies or doing services may give you the potential of earning large amounts of profits as compared to other types of investments. But the problem is, with high-reward comes with high-risk. That is why whenever you invest into cryptocurrencies or any instrument, consider it as the money that you are willing to lose.


Adapting into a digitalised currency may be the ideal form of payment since electric transactions are very convenient. But the problem is, adapting this kind of method would mean chaos for some underdeveloped countries as their level of technology is not compatible as compared to developing/developed countries. Maybe in the inevitable future, bitcoin may be the avenue towards this form of idealism.