The possibility of bitcoin to kill income tax is maybe one of the reasons why some countries banned it. The government has no control over bitcoin so if ever it will be more well known, many people will prefer for it to be their currency or mode of payment because it is more convenient to use and with lesser transaction fees. There is really a possibility that bitcoin might kill the income tax in the near future.
Actually, what comes into my mind is it won't kill the income tax "if" all countries has local exchanges, people has no choice, to survive they will cash out to their local currency and with that said, the bitcoin they earn could even help the economy, and to those who are not exchanging to local exchanges, they are only small compared to the number of people who are using exchanges to cash out their bitcoin to fiat. Then what will the local exchanges use the Bitcoin for? if they are stuck only using Bitcoin? It won't be possible because local exchangers won't survive in that kind of platform. Even if they Buy low and sell high they won't profit from it from the strict rules you will implement on them. Also Local exchangers have the power to manipulate the price which is an unethical practice. |
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Just invest it. saving won't grow your money but investment can. And there is sure chance of getting better outcome,as bitcoin value is increasing by time. The past statistics says so.
in my country saving money in bank can get return, and competitif return too iam saving money in bank can get return 8%/month is very small, if want big return money to use investment or busness Are you for real? That was a big amount of interest, where are your bank getting the amount they pay to it's depositor? Comon man, don't say anything without any valid support, what is the name of your bank? it's very impossible that bank offers that kind of interest on deposit rates. I'm sure if he is lying now. i don't find any bank which willing to pay their depositor with that high interest in monthly. Usually when you are investing your money in bank, the highest interest you will get only 2-3% annually in bank. 8% in a month is too crazy Yup 8% per month is not possible anymore that is 96% per year almost double your money . Time deposits can even get 2% per month and it ii the most high yielding savings account there is. Wherever you are earning your 8% monthly it is not a bank. You need to check where you putting your money on maybe you don't know its gone now. |
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What Will it Take For BTC to Reach $1000?
Let's discuss.
The better question is what will it take for BTC to maintain a stable and constant price that grows at a moderate rate, say 8% per year. Or What would happen if a bitcoin early adapter whale comes along, and sells off 1,000,000 bitcoins. Obviously exchanges put limits of buying/selling to prevent this. But if it happened is there enough interest in bitcoin for the price to not plummet and only decrease slightly To have it become stable at its price, people or users must accept the demand and not always go on panic selling mode every time Bitcoin hovers 1000$ people should always go with the flow and don't think negative and then sell of. Also to add what you have said about the 1,000,000 BTC sell. People will clearly see that it is only one seller and know one will accept it at that price point it will just be a massive barrier in that price point. |
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I usually buy games in exchange for bitcoin, so for me, btc is the nice option because you don't need any investment.
for now it seems to use bitcoin, and bitcoin spending each day will be quite difficult because not too many stores that accept bitcoin. but for the games seemed to be many vendors that accept bitcoin If you mean game vendors, the only game vendor I know is Steam. Steam right now accepts just about anything. Just like in my country you can buy games and then later you will be charge in your phone bill depending on your network. That is what good about Steam they adapt when they think it is good for them. Usually popular sites or services just accept the popular payments and never adapt, but they don't know what it missing with them the chance to have more customers. |
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the best part of bitcoin is that bitcoin new currency which enable us to make transaction across the globe with few taps and that too within a sort range of time and securely. the fact banking transaction requires the lot of time their transaction fees is too high as compared bitcoin. and bitcoin is a transparent for of current which enable us to make sure that where the payment had been actually done or we have very transparent public ledger on which we could check the really of payment.
With regard to the speed of transactions, I think banking systems still have advantages. This is because banks operate centrally, but when centralization points are eliminated, it becomes difficult to maintain certain properties, such as faster transactions. However, I think things will be much better with improvements like Lightning Network. That is because banks are run as a form of business to make sure that no money in your savings will lose. On the other hand Bitcoin is not run by anyone whether you are sending money or holding it in your Bitcoin wallet, the Bitcoin system will still be up and running. You have to understand that local transfer from bank to bank is free only international ones are with a fee because they need to convert it into your local currency. |
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There are many Differences in trading and investing but in investing you have to wait more and should be very patient because once you send the money you have to wait what will happen with that coin or conpany.
Well to add what you have said in Investing it considerably less riskier than trading. You nased your investments Fundamentally, meaning your investments are based on the company's performance while in trading you put your money based on the Techinical aspect in which you based your trades on trends. |
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As long as you have Bitcoin exchange in your country, BTC is better, Paypal has lost the initial savour that makes it darling of people doing online transactions, now what BTC offers Paypal can not match it in any way.
People who is does not know about bitcoin will think that paypal is best transaction mode globally. But if we compare with bitcoins, we see that bitcoin is far better than paypal. Simple fees and fast than paypal. Then paypal involves in many email scams. I would choose bitcoin always. in fact paypal was a good service when bitcoin was not so much introduced and specially for those people where the facility of it was available. but after introducing bitcoin people find it more easy to use bitcoin for transaction purpose instead of paypal. I don't know where you are getting your facts in but when it comes to online use Paypal comes 3rd in overall use right after Visa and Mastercard. Paypal is a more popular payment method all over the world even Ebay recommends that payments tare to be send in a paypal account. They are both useful and it always depend who uses it. Nobody will really lose in this battle yet. |
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BTC is an investment itself, so putting money in is always good... Don't turn to burning massively, but the extent to try some is always worth it if gains continue.
Don't forget that the need to diversify is sufficient, so always reserve your fiat.
buy bitcoin, will give a good return on investment for you. but if you want to grow bitcoin you can begin to put your bitcoin in a variety of investments that will grow your bitcoin There are various investment bitcoin, I think trading is the best. there is no fraud in trading, for starters I suggest to trading BTC-fiat currency because they are so strong that the risk faced will become smaller. I don't know buying Bitcoin right now at its current price level seems to be risky. Bitcoin's price as of today is 1012$ each which is kinda high, right now the possibility of a massive dump will come soon like what happened last January. My recommendation is that you wait for its price to drop before buying any Bitcoin again. Panic selling is always a possible thing to happen in any time. |
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I can't make coindesk as a official news caterer for Altcoins as it can create news without sources or anything in other words they just make stories up or make news that is what already on the internet. They put some attractive headlines just to click the link to their website which is like a click bait in which they can monetize.
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only by being wise!
there is no other way around it. you can work hard and over time and earn money but you can never earn more money and get rich.
for that you need to act wise. this can be being wise in the job you are working, or it can be generally the choices you make, and the investments you make.
for example many have become millionaires with buying bitcoin at $10 a long time ago.
Even if you are wise in your job it does not guarantee anything. How can you make more money just by being wise with working? It will not end as long as you are an employee you won't be rich with it. You have to make your money work for you that can be the wisest decision you can have. But you must be careful on where you spend or invest your money too. You must study first and predict some outcomes. |
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I do not think you're going to go for 1,000$ right now, and there's a downward bend. In this direction, when too many people fall down, they will start buying again.
There may be a decline in February. But I do not think you're going to go down the level right now. If the level is as low as $ 1000, it's hard to predict, but at the end of the year it could go up to the right.
You should look at the facts before, when price reaches bitcoin over $1000 it does take a long time, and your predictions in the early February will decline it's wrong, but the price is bitcoin's getting close and back to $1000 and it should not require the end of the year. in my opinion the end of the years bitcoin can reach over $2000. even, I expect the price could go to $10.000 as written in this article https://cointelegraph.com/news/bitcoin-price-will-reach-10000-might-take-another-year-tim-draperI guess what happening right now is the total opposite of what you are saying. As of today Bitcoin is price at 993$ this Feb 02, 2017 which is 7$ less to be 1000$. That price is good compared to last weeks 850$ price or even in the first week of January when the panic selling started. My views are positive this January because it is highly unlikely that there will be another panic selling happening this month. |
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WAOH WTF 300 BTC?
How can i check that?
I couldn't see his name in the biggest bet and leaderboard
How much is waggered?
As bitdice jackpot doesn't exceed more than 100 btc right?
So its a 150 btc bet?
Afaik he won those 300btc not in a single bet, 300btc is his total profit for several bets. You can check his stats by clicking his name if his name is appeared on chat. If he is wonton22, then you can check his stats now but his profit is hidden so you can only see how much he has wagered. Yeah the profit was not won in a few bets but over quite a large amount of wagered. The wonton22 account has over 3k wagered and has had a fair share of ups and downs. 300 BTC is now worth almost 300,000$. That man has both some serious skills and luck to win that kind of money in several bets. If I were him/her I would have a heart attack on every bet I made. But certainly he is a lucky guy because he have won so big in BitDice. The question now is will there be a new user who will beat the 300 BTC record of winning. |
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That is not right. All banks are obligated to run your account as long as you have money in it or just being active with it. What they did base on your story is they have taken away your money which is basically stealing it. Even if you violate something with your agreement in the bank they are not allowed to keep that money, even if it is illegal they must surrender the possession to the government.
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Let's see whats gonna happen, because we don't know what will happen for the next 5 years. But as far as I can see today, little by little bitcoin is making noise to everyone, maybe 5% of my friends are using this business and I know for the next months it will increase the number of people who's using this Bitcoin. Knowing that we're always using internet whenever we go. So its not impossible to happen.
Like they said its not going to be used by everyone. The people who uses internet are knowledgeable about paypal but still they haven't have it and lets bare in mind that its a lot convenient for them to use it than bitcoin and yet paypal is never been used even the engineers and doctors in my country doesn't have it yet. Bitcoin will still be this way but will gradually be known to people. 2022 is too early for it to be used by almost everyone. There might ever be another payment method that will become more popular than paypal but not bitcoin. In order for it to happen the world we live in needs to have access to the internet I mean every person in this place can access internet even in their phone. Which is not also happening, because not all people need internet to live, so does Bitcoin if they are satisfied with Fiat why will they use Bitcoin? Bitcoin needs the use of the internet in order for it to function, which our current state does not have. |
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Bitcoin is really the future of money because it can be a sustainable source of fiat currency money that can be used for your additional family needs. Although fiat is a popular currency which people mostly is using since from the start of money, people has appreciated the bitcoin importance along with the fiat currency because it is an another way of currency type which is very easy to use and transact online. Not only me, but there were lots of them who has a big trust to bitcoin and it almost a big part of our lives.
Saying that you need Bitcoin to be converted in Fiat itself makes your statement false. Because in order for Bitcoin to be "sustainable" it needs to be independent and won't rely to any currency for its value. However we can see that Bitcoin is always valued via Fiat currency proving that Bitcoin won't be the future of money. |
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Bitcoin is indeed worth spending time collecting! During my first time in this community, I'm hesitant about bitcoin but later on, I learned that this is really worthy to collect because it can give us a good earnings! You even even earn here what you are earning in your current job or even more!
If signature campaigns is what you are talking about, the rewards now are a bit higher, since the price of bitcoin has moved a lot and the rewards on campaigns are still the same... It's worth it if you can't find other way to use your time and earn... But if you have job, then earning from signature campaign will be time consuming except if you are going to spam the whole forum...  personally, it is worth because it provides me another opportunity to earn besides my steady job. I'm also doing investments as well, go another good possibility to earn more. But how you earn it is another thing, if you are doing faucets only or ptc, I think is not worth your time. I agree with all of you guys, if you are expectinga efficient way to earn Bitcoin than joining a signature campaign can help you with it. Other than that anything online would try to get the Bitcoin you have or is just a waste of time. From HYIPs and Bitcoin Faucets I don't recommend any of those because they are time consumimg and risky for us. |
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Some users choose gambling rather than investments because you can make a profit in the long run with betting but in putting it on investments it may lost with a blink of an eye cause there is more scammers than the legitimates on the world wide web.
Lol, on the long run you will lose when gambling. investing in trusted sites(not hyips but sites like crypto-games,bitdice etc or altcoins) is much better, the risk is everywhere whether you invest or gamble. I think you have it the other way around. In gambling in one bet you will lose all your money in a blink of an eye. While in Investing even though we know it changes prices frequently but in the long run we will surely see a gain with it. You won't lose anything in investing if yoy don't sell your investments at a loss. Investing is also much safer and less risky. |
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depending on your choice. if you really want to make a profit of bitcoin, you have to trust it. so, you can produce a bitcoin, and make decisions without hesitation, because you have to believe bitcoin. Well, trust half will only confuse you someday.
if you want to invest in bitcoin. You must be confident and believe in bitcoin. because without it you will feel fear and anxiety when investing in bitcoin. and of course it will harm you In the concept of Investing "trust" must be the least of your concerns because trusting something in Investment can lead you into bad places. For example is when a stock your holding is going down but you trust that it will go back up again, but you soon realize that you are now in a bad position because you have trusyed something wrong. |
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Impact cannot be seen right now, however in the long run I will see that it will prosper. Because since day one I have been collecting Bitcoin and hoping for it too increase its value more. After that I will convert it to Fiat and will later use the Fiat currency on investments such as stocks and real estate. That is what kind of impact I am looking forward to see.
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It is something that will make the media talk about but the news won't last. Because the debt will still increase overtime. Majority of the countries even the develop ones have debt that is normal because that is how a country can progress. It won't really matter for educated persons when they see that kind of debt in the television
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