Government can only tax bitcoin by means of transaction you make and this taxation will only possible if they legalize the cryptocurrency. Every citizen has their duty to pay taxes to help their economy function normally. Investors will continue to buy bitcoin even if their transactions is taxed and every investors in that country will no longer worry on their investments because bitcoin is already legalized.

The Philippines might be another Japan in the making when it comes to cryptocurrency because the government continued its crypto-friendly attitude. It has taken a positive stance on the crypto space recently, having established a blockchain and fintech hub in the Cagayan Economic Zone Authority (CEZA) in late April. Aiming to create an Asian “Silicon Valley,” the authorities have allowed some blockchain and crypto firms to operate in the zone. The Philippine SEC has also approved the draft rules for ICO and this action will pave the way for legalization of cryptocurrencies in this southeast asian nation.

It will take more time before some altcoins become a threat to bitcoin. They have to match the achievements of the leading coin for the past years including its price and market capitalization. These altcoins hopefuls should also match the popularity of bitcoin to get more support and attract a lot of investors. Ethereum is the nearest competitor of bitcoin but it is unlikely to become a threat to the top cryptocurrency.

It is more hard to detect the movement of cryptocurrencies that the fiat and there are already reports of money laundering that uses bitcoin recently. This is might be the reason why some governments are imposing regulation on every crypto exchanges to monitor the flow of bitcoin transactions for possible money laundering.

I'm also keeping some amount of bitcoin till its go up again and hit my preferred price. The price of the bitcoin is certain to go up again but nobody know exactly when will that bullrun happen again so I'd rather hold than selling it for lower price. Panic selling will only lead to further loss of investment, so many investors are just keeping their faith for bitcoin to recover again someday.

If the altcoins has the quality and the potential to grow from its initial price in the future, I will going to hold it till their price go up. Many potential altcoins are being dragged down when the crypto market became bearish and their supposed to be growth is hampered temporarily. But if the market become bullish again, these altcoins will follow the trend of the market.

The current dip on the price of bitcoin are temporary and there might be a better price in the last three months of this year. The present price of the bitcoin is still a good buy but investors might still looking for a sign that bitcoin will going upward in the coming days. I prefer to buy some altcoins that have the potential to grow continuously the future. Ethereum and ripple are two of the altcoins to watch in the days ahead.

There would be a great impact on the price of the cryptocurrencies if majority of the governments bannad bitcoin. China did a couple of years ago but the top coin recovered later and achieved its all-time high last december 2017. I think only few countries would totally ban bitcoin and the rest will put the cryptocurrency into regulations to safeguard their people financially.

There are only three months remaining in the calendar of this year and the cryptocurrency market is yet to see a good sign of bullrun. There are some small price uptrend but it is followed by dips that wipe out the entire gains of that day. Large bitcoin investment and a positive development related to cryptois needed to start a bullrun before the year ends. But if this present trend continues, that $25k will not possible this year.

The sign of bearish market is still there and the price of the bitcoin seems to be manipulated by some whales who want to take a large profits from the small traders. If this trend continues, bitcoin won't be having even a small bullrun this year and instead it might be gappen sometime next year. This market uncertainty would affects some investors who are planning to invest in the 4th quarter of this year.

You're right sir, there is no easy profits in cryptocurrencies and it is not even part of the so called get rich quick scheme. Investing in highly volatile cryptocurrencies is risky and need to learn it first before joining. In bounties, you need to work hard and follow the rules if you want to become successful in the bounty campaign you joined.

Not all traders or investors hodl their bitcoin, in fact, there are more people trading their bitcoins in the exchanges than holding it for long term. People who have no time to trade cryptocurrencies are the ones who hold their coins while waiting for the prices to go up again. It still your choice if you want to sell your bitcoin if you afford to lose some of your investment and buy some coins to recover your losses.

When the bitcoin price rise or fall, the altcoins mostly follow the trend. Bitcoin, as we all know, is the first cryptocurrency to exist and it followed by altcoins later so all crypto exchanges used the top coin as a reserve currency. Being the first one in existence, it is naturally the most recognized coin, with highest market cap, and one of the highest daily volumes. This made it the first choice to become the reserve currency as more and more altcoins entered the market. All altcoins exchange rates are being priced against Bitcoin.

They should educate themselves first on basic cryptocurrencies before I recommend them to join or investing in the crypto market. But I won't urge my relatives or friends on joining the market while the crash is ongoing because the price is not stable yet and it may further go down. Newbies have the tendency to panic when they see the market crashing so it is to wait for the price to find its bottom first before buying.

Ethereum price can jump up to that level or more within a month if investors decides to pour their money into that coin. Ethereum bounced back to $200 after falling below that price and if this kind of uptrend continuous for the next 30 days, it may possibly reach $700. The second ranked coin need further development to keep its price rising in the coming days.

It depend on the kinds of coins you are planning to buy. Coins like bitcoin, ethereum, ripple and other top coins are good to buy even their price sharply because they are already known to recover later. Coins with no purpose will take a long time before bouncing back and other just never recover at all. Research the coin you want to buy to find jf that coin has the potential to go up after a sharp fall.

Nobody knows exactly what will be the market prices of the cryptocurrencies before the year ends. This year is not the same as last year where numerous bullruns are recorded. Third quarter is nearing its end and the market is still generally bearish with only bitcoin uptrend. There is still no sign of bullrun or price surges because of market uncertainty and many investors are still reluctant to buy cryptocurrencis.

The crypto market still lacks positive developments to push the prices up and many investors are waiting for some good news before putting their funds on bitcoin and other cryptocurrencies. FUDs and report on price manipulations also makes the prices to fall further. Crypto regulations is seem unavoidable and many countries are planning to impose it to protect their people from scams and illegal use of bitcoin.

If you compare the price of bitcoin from the previous years, from zero value in 2009 to its present price of $6000, the top coin is still enjoying the confidence of many traders and investors. The rising and falling of bitcoin price is due to its volatility so expect more dips before it turn to recovery mode. Bitcoin will continue to lead the crypto market in the coming years by attracting more people to invest in the cryptocurrency.

Some coubtries in southeast asia like singapore and the philippines are making some progress for the possible legalization of bitcoin. In the philippines, the government allowed its people to use bitcoin in their online transactions including the remittance business and crypto exchanges. More bitcoin to fiat exchanges are given permit to operate in this country. But other countries are still restricting their people from using cryptocurrencies.