No no please the change in normal currency will be a daunting task then. Why to get into a task that's so difficult to reach.
In the future we will be given an option on what currency we want to receive as our salary. AFAIR, I read a news before that Coinbase are giving their employees an option on what currency they want to receive for their salary so I believe it's possible because bitcoin is money and liquid. If my employer would pay me bitcoin, I would not complain because it is teaching me how to invest.
|
|
|
I have a bitcoin wallet that is regulated by our government if ever i get questioned about being instant rich i would present this as evidence that i earn my money through bitcoin whenever i get wealthy with it. I have no problem paying taxes in fiat but our government has no laws about taxing bitcoin users. So i wont.
Which country are you from that doesn't tax crypto income? Is your income even tax-free once converted into fiat? If so, sounds like the quite the tax haven for crypto users. As for @OP, I think so long as you keep reasonable records then nobody will question your wealth, nobody expected bitcoin to explode like it did, so I doubt they will be as thorough as they would with other income records, even if you just log your purchases, and then identify the value at that time on coinmarketcap, that will likely suffice. There is no regulation yet on crypto in some countries so people who are earning can really enjoy their entire profit. But, the sooner the government sees the demand of crypto and the money going in and out, they will surely tax those people who are earning, one county I know that does not tax bitcoin is the Philippines.
|
|
|
it's obvious because bitcoin is good for saving or investing in the long run, because the bitcoin has a potential increase in a very good price in order to get a good profit
Yeah i think everyone one who is saving their bitcoins for longer time are known from the fact that they will earn a profit in the future when the price of bitcoin will increase. With the passage of time the users of bitcoin increases increasing the demand and so with the increasing demand the price of it increases which give the expected profit to the users. Saving bitcoin is actually an investment, because there is no guarantee on what will be the price in the volume, we may loss or be profitable and that is only depending on the performance of bitcoin the crypto world, hence we should always set the attitude to put an amount that we can afford to lose.
|
|
|
Guys i think our wish is now officially granted seeing all green like this makes me so happy, Glad that i invest some of my savings into Bitcoin, i'm excited to see the price Up to 10k+ by the end of the month.
$10,000 is certainly within the realm of possibility, I would hope that it happens sooner rather than later. Just a few days ago I would have predicted that $10,000+ would be a goal best reserved for the end of 2018, but now that the market appears to be turning around there could be a surprise on the horizon. I still think it will take a few months to get back to a stable $10,000+ however. I think we can make it this month, we are in the 2nd week of April and the price surge just wake the bull up. Now, it seems we are in a bullish trend and more money coming in, so let's relax and enjoy this show that we are all have been waiting for.
|
|
|
I don't think investors looking for other options in the cryptocurrency world than bitcoin could be a way for bitcoin's end. There might be some alternative cryptocurrencies out there with more promising projects than bitcoin that definitely deserves crowdfunding as much as bitcoin. After all, we are aiming for a world where cryptocurrencies reign. Might as well let's give people options abd varieties if coins to choose from.
The more option the better because if one is down at least the other will take over. For now I guess bitcoin is the most popular and an average citizen only know about bitcoin or ETH, but if they will explore on the market, they will find more that they can invest and hold.
|
|
|
You must check first the project. You need to study thе white paper and the development team. Then check the bounty pool and the budget for each campaign.
Well, I usually check the team more than the bounty because it's not about how much you will receive but on how big the project will achieve. Just like Populous for example, the bounty is not really that big but the price rise x50 before it fall I guess, so bounty hunters who gold benefit a lot of the success of the project.
|
|
|
Yes, I think that those coins which are most little developed and do not carry any worthwhile product, not tied in the calculations - are now in a state of agony ... it's probably what we'll see in the near future, the death of many useless blockchains
That's alright, at least investors will not loss more money investing in a project that has no potential in the future. Let the legitimate coin stay, this way it could make us investors profitable and the crypto will have a good name in the word, people will embrace it positively.
|
|
|
I do not like bitcoin and other crypto currencies just because I make money. I use my time efficiently, I have a great hobby, enjoy investing and learning to read and learn something new. We are now witnessing a new era of technology ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Exactly, and we should not take this opportunity for granted because if this will become successful it could change our life. I am been investing like 3 years now so I can say it's really profitable here especially if you know how to hold.
|
|
|
Mostly of the ICO`s are designed to earn money and there is a high possibility that it is only a scam, always read there white paper and what there road maps are and also check the team behind. with this you can prevent from being scammed.
They can make money from newbie who does not really study the ICO before entering. It's the government responsibility to legalize ICO so no more victims of the scams and new investors will be more confident in entering the market.
|
|
|
Yes we should invest wisely to encourage good projects and not to let scams to ruin crypto industry.
We can easily avoid scams if we work hard, know our responsibility as an investor, we need to study the project we are planning to invest because it's very risky here, majority of the ICOs failed last year so that is a high risk fact we should consider.
|
|
|
We all know that Bitcoin is one of the best ways to invest your money. However, we know that Satoshi wanted to change money as we know it rather than new investment model. How do you think, will we be using bitcoin as payment system? Or it will stay as it is and this bubble blow up one day? ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) And how do you see it's future? undoubtedly bitcoin will get to the main position, of money, because it is not regulated by government, and it is not trusted in a necessary for it way. But accepting bitcoin as a payment system in different countries is improving the chances For now maybe, but sooner everything will be regulated and less manipulation will happen then people will be more confident in using bitcoin. It's important that they will understand so massive adoption will happen and I think we are going to the right direction.
|
|
|
Unfortunately this is the sad reality of icos, there are many projects out there and only a minority are going to become successful to be honest I do not find this unsurprising after all you are investing in very new companies that have yet to make profits, in fact this is true also for real world businesses there are many statistics that show that many businesses also disappear after the first year. Those ICOs are surely no popular ICO, if the ICO had raised a good amount of money, I don't think founders will waste the opportunity to grow the money they collected. Since ICO is not regulated, we cannot avoid this things of happening since more ICOs will be run and some just want to scam investors.
|
|
|
Im so glad to hear that and i can't wait that philippines national bank was already accepted this bitcoin but now thet are looking to use it,im from the Philippines too and i want to share that mamy branches here was already accepted this bitcoin.
It's not the bank which are accepting bitcoin, so far there is no bank yet that are accepting bitcoin in the Philippines. It's just a way of the government in helping creating awareness on bitcoin, to understand it fully they need to educate the masses as bitcoin can be use for both good and bad activities.
|
|
|
Bitcoin was originally invented as an electronic currency to change how people use and handle money, but do it limited supply people started buying it as an asset just like gold
They buy because they believe on the potential of bitcoin, it's not the supply actually but the usefulness of this technology. If those who have invested early had cash out, I am sure there is a major dump but what we are seeing is a growing market because they hold like us.
|
|
|
Hi guys me want suggestions
me planning to sell all my btc and wana buy etherium ETH as btc is down 6.23 % in 24 hr and eth is down 10.68 % so me thinking best time to buy eth as it will grow
what says guys ?
why do you give up to decide to plan to sell your bitcoin on the cheap? it is a very detrimental action to you, you should not give up and always the spirit if you get the loss you should play altcoin and take advantage of market conditions that have a very high trading volume every day to seek profits and recover assets from the losses you experience, essentially there are still many ways to do recovery and never give up, patience is the main key in I suggest you trading in binaries market that has a very high daily trading volume. We have to decide on what we believe, if we really need money we have no choice but to sell, but in traders or investors perspective, it's always a bad idea selling at a loss, that is why it's necessary to be patient here so we can sell at the right timing where we will be profitable.
|
|
|
Bitcoin price has dropped significantly since beginning of 2018. This is an opportunity to buy bitcoins and sell later as expects project the price to hit $20,000 late this year.
Nowadays many people think that Bitcoin is the best money to invest on the trading floor because the price of money is more reasonable and profitable, and there are places where Bitcoin is not acceptable. Bitcoin is considered illegal. That is a main problem that bitcoin is considered illegal , we need goverments to regulate it soon and told to everyone that bitcoin now in legal laws and you could buy it without any problems in banks and other places. When it's not regulated it cannot be said it's illegal, of course there will be regulation because the govern believe in the power of blockchain. As many people are entering in the crypto market, this would only raise them to finally regulate to protect investors and for newbies to fully understand the risk.
|
|
|
Join the bounty that you think has a good reward and that has a good vision in the future. Usually when a project is good you will see big investors putting their money and it's important for them to develop the project based on their plan, a more ambitious project the better.
|
|
|
Buying the dip is the best thing one investor could ever do. I bought this February and now I regret that I didn't wait longer to buy the March dip
This is the april dip I hope, we have not seen a strong start so far, the price had pump but that was only temporary. We need big news that would positively impact the market, when bitcoin will pump everything will follow, so for now since the market is not performing we have to hold strong.
|
|
|
Regarding the fact that governments will be more involved in the crypt you have definitely guessed, the first half is already very difficult, but I hope that everything will be okay.
We will survive this, regulation is important for big money to come in. The first quarter is really bad, we are down more than 50% of the ATH and I hope this 2nd quarter there will be great surprises.
|
|
|
Bitcoin price has dropped significantly since beginning of 2018. This is an opportunity to buy bitcoins and sell later as expects project the price to hit $20,000 late this year.
That's alright mate, don't panic because eventually we will be back to our expectation. We reach that price in the last quarter of the year last year, and we are just in the 2nd quarter of the year now, we have to trust the market. Bitcoin has a great potential but this regulation issues making some panic, but as soon as they understand, we will witness again FOMO.
|
|
|
|