Never. They're very different anyway. People just say Bitcoin is digital gold because you mine it and it's a great storage of value. Gold, unlike Bitcoins, has inherent value. Gold has been here forever and it's going to stay that way.
Gold is the precious metal found in earth and the value of money is measure through to it, while BTC is a virtual currency you cannot touch it but it has a value and comparable to the value of gold. It’s up to the users in which he prepare, gold is a fix assets while BTC is a volatile assets. But very versatile you can carry it anywhere. |
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From what I have seen banks are trying to avoid any contact with bitcoin because bitcoin was created to work against banks. In my country a few persons had problems when on their bank account transactions appear the word Bitcoin. Their accounts were banned without any reason.
It would be nice for banks to somehow add bitcoin in they system as a good thing so we can all profit from this.
Peer to peer transaction of BTC is the big differences as we compare it to the banking system, that is why bank tend to avoid BTC in their system specially BTC is decentralized in form, Bank will be the most benefitted when we put your money to them because they in control they just give you small amount of interest out from your savings account but if you apply loan to them the interest rate is very high that’s why it is not a wise idea to put money in the bank. From now on they should think how to coup up with BTC. |
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Yes, China have caused a huge impact on bitcoin prices to drop since the Chinese government announced the ban on ICOs, and issued the orders to shut down all crypto-currencies exchanges that operates in China, I guess it will take quite a while for the price of bitcoin to recover to its original high before the drop.
Bitcoin price is affected by China government banning ICO but not as a big as expected because the price of BTC bounces back after its announcement it means that BTC is still stronger in spite the odds ,meaning it is not easily be manipulated by any economic turmoil, kudos BTC. |
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What are the features that a good investor should have? What are the characteristics of people who have enough capital and earn money from money?
What are the factors that make these people successful in their investments?
For me the investors need to be confident on what they are investing at, like tokens or ico they should be confident in that program that it will be success because that's is the essential of a good investor and also a better researcher also. Yes, the higher the risk, the more potential to make more money and the more crazy it can be to also loose. However, there are some worthy risk one can take that can still be profitable with very little risk and hope for the best that luck shines on one after making such decisions. Every investment comes with a certain risk either low, mid or high, it is left for us which step we want to take to make the best out of it. Let money begot money that is always the concept of doing business you should invest to gain profit that is why as an investor you should know the risk in investing, and as an investor you should know how to calculate risk because in investment there is always risk involve.BTC investment is somehow risky because it is an anonymous but since has been proven for its trust for so many year so we can say that risk is lower and proven reliable. |
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As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default. Read The Full ArticleBitcoin had created to decentralized and different from any currency of a country. Yes, sending bitcoin is not restricted by state border and people can avoid taxes by doing it when every remittance require high fees but not for bitcoin. People could invest in bitcoin and avoid taxes, that's why IRS forced coinbase to hand over the identities of customers who made transactions through the company over three years in US. They want their taxes for sure, soon another state will follow this step, hopefully not in mine. i think it will be more easy for the states to recognize bitcoin as legal currency, and then put tax on it, hopeful that people will happily pay their tax on bitcoin, because mostly people are loyal to their country and they want their states prosperous therefore if government will recognize bitcoin as legal currency then surely people will happily pay their tax on the income that come from bitcoin. As quoted if bitcoin is legalised people will pay tax giving value to it. At the same if its legalised it will come under a central authority which is not good for the growth of bitcoin. For this reason people could pay taxes even before legalised based upon the transactions made or based upon the profiting. Truly. On the off chance that we just utilized bitcoin as our exchange and not transform it to fiat then we don't have to pay impose. Still there are numerous potential outcomes for government to track and put charge for a bitcoin client. On the off chance that they discover bitcoin is being changed over into fiat and they will apply assess there. This will be a similar case for bitcoin platinum cards as well. Since Bitcoin is a peer to peer transaction there is a possibilities that banking system will be dried up and the government will suffer a loss of revenue due to taxation. But for now there are lot of people who used fiat as legal tender in buying basic needs in our time I think it will not happen, but maybe this is the time that we might think any means that the government can also earn the right taxation revenue, because government also is a very vital in protecting citizen rights. |
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Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
If someone owns bitcoin died he/she must state in his /her will every information needed to open btc account..and leave it to his/her lawyer as persons life seems so unpredictable.. This is a brilliant question since BTC is anonymous and confidential in forms only you who own the account wallet knows the passwords this is not like some other investment that you can assign somebody as dependents that can claim legally your asset in case you pass away since BTC is decentralized system there is no law concerning on this matter.in order that you can hand down your asset to your family or love one’s it is just mutual trust to the person or persons whom you believed you can rely on to leave all information regarding password, account name, and other necessary information. |
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Bitcoin is in the beginning of its pump phase and is someone wants to earn an extra 2500 dollars by the end of this year; he must buy his first coin or earn it by any means. If he will earn 4 coins, that means, he will be having 10k dollars profit and similarly the multiplication goes on. It is a big chance for those who have been ignoring bitcoins for years now. Yeah that's right, people who ignored bitcoin from recent years will now see that reality how it went well with the current price surges this year. Now we have see the actual interest of those who bully us with our bitcoin involvement, and now they're really eager to learn how to deal with us to acquire knowledge from us. That's why the chance is here for those small investors to invest their money while price continues to pump. |
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I think for bitcoin to be a real currency, government have to accept it first.
So I ask what country do you think will recognize it as a currency?
Bitcoin is indeed a real currency. There are countries who are moving in positive direction of recognizing bitcoin as currency. For that matter Japan has already recognized bitcoin as currency. [1] Russia is also trying to get hold of bitcoin. One big problem with the bitcoin as currency acceptance is bitcoins nature of decentralized. This lack of control is something bothering govts to act against bitcoin or trade water safely. [1] http://www.newsbtc.com/2017/04/02/japan-officially-recognises-bitcoin-currency-starting-april-2017/ I doubt that Russia will adopt bitcoin. For me they are anti crypto-currency. And all the things that they have said for bitcoin and crypto is always changing. So I bet that they are really against any crypto for now. Its legal tender in Japan. But its not their official currency. It is still Yen. And for that matter, I doubt that any country would make bitcoin their official currency. Its decentralized, volatile. The government or Central Banks of any country don't want any of that nature because its can really affect them financially. They want something that is stable and can be control. In every country has their own standard currency I don't think that BTC is become their legal tender,but once BTC is recognizes it has a exchange value in different currency worldwide it will compete any currency in the world. |
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What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
In 5 years to come, I predict that bitcoin will encounter problems regarding legalizations for it has a decentralized system right now. And I predict that the government will intervere with the digital cryptocurrency and may propose tax to it. Many things could happen in 5 years, as to now bitcoin is heading forward and I hope it continues because it helps many individuals who are into bitcoin. And as long as we are here to support and continue to trust in bitcoin, I think it will still has its place in 5 years to come. Yes I foreseen the most challenging obstacle will be facing in the next 5 years is the legal issue, because government will surely intervene and imposed taxation and be used for some illegal activities like illegal drug trading activities, as a believers of these currency we should think in any means to protect the integrity of this currency. |
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Yes deflation and inflation will always happen in a economy where business is fluid there are lot of activities done by traders, investors and even they will create a scenario that make their business on top and all of these will only follow the natural law of economy which is the law of supply and demand. |
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#JOIN
Bitcointalk username: cryptojac17
Forum rank: Member
Posts count: 106
ETH address: 0xb840c0bebd6621135EfDe6906c745bBB6AD0f0fb
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Give me the information.
Is it true to hold bitcoin while fork, will get a free bitcoinGold like BCH ?
I don't have any interest about that BCH thing in my mind, but certainly bitcoin fork was just a mere speculations and I believed it's controlled by an organizations connected to blockchain network. Holding bitcoin as of now can be profitable for long term investments as price now rising towards $5000 in each bitcoin. |
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1. It’s gaining mainstream credibility as industry players consider it as the new gold – Bitcoin has many of the same qualities of gold, whose value is not controlled by governments. 2. Many investors and finance industry experts are serious about the promise of Bitcoin – A large number of mainstream investors and entrepreneurs already consider Bitcoin and other cryptocurrencies as a legitimate asset class. 3. There is only a limited amount of Bitcoin – There are only 21 million Bitcoin tokens to be mined and no new tokens will appear until after 2140. This makes Bitcoin a deflationary currency whose value increases naturally with time. Source here. These are interesting big reasons why it is so wise to invest in Bitcoin. I am sure that many people are still doubting Bitcoin whether it can be a good investment vehicle or it is just another risky venture that can collapse anytime. Of course, we know better. So in case someone would be asking you this same question, you just have to enumerate the three big reasons above. I agree and I for one believes that investing now in bitcoin will yield to a very high return on income in the long run, in 5 to 10 years. However, I disagree with the reason 1 that the government does not control the value. Directly, yes it cannot. But indirectly, thry can affect the price of the Bitcoin greatly. How so? Simply because they can impose laws that could lessen the demand of Bitcoin. For example they can impose high tax on Bitcoin earnings or worst like in some rumors to the other countries, they can also ban Bitcoin. And we all know that as the demand drops, the price will drop as well. Yes I also contradict to that idea about of reason 1, because government has an effect on the fiat exchanges which most of the people relied on that regarding the exchanges from digital currency to fiat currency sites. That's right it really brought bigger effect to the price of bitcoin, when economic market also declines it's value on fiat currency. |
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I really like in the Yuichi Sugita vs Thiago Monteiro game the -1.5 sets of Sugita. They already played each other in the Davis Cup a month ago, where Sugita won 3-0 easily. Yesterday Monteiro won against a 17 year old Wu which couldnt keep up, Monteiro doesnt play really well in Hard floor, and I think the Japanese will take this game with ease. I hope the game will be just like a month ago, Sugita has a really good chance to be in the Semifinals.  I really like to hear Asian name in tennis, because there only few Asian who can inter in some prestigious grand slam tournament. mostly it is dominated some European players. hopefully in the near future I can witness tennis superstar in asia. |
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Projection Atp Ranking after Us Open:
1)Nadal 8185 if he loses in the semifinals, 8665 if he loses in final, 9465 if he wins the tournament
2)Federer 7505
3)Murray 6790
4)A.Zverev 4470 (Best Ranking)
5)Cilic 4155 (Best Ranking)
6)Djokovic 4125 (7th place if Carreno-Busta wins the tournament)
7)Thiem 4030 (8th place if Carreno-Busta wins the tournament)
8)Wawrinka 3690 (9th place if Carreno-Busta wins the tournament)
9)Dimitrov 3575 (10th place if Carreno-Busta wins the tournament)
-Carreno Busta(Best Ranking):
if he wins the tournaments 4135 (7h place)
if he loses in final 3335 (10th place),
if he loses in semifinals 2855 (10th place if Anderson or Del Potro do not win the tournament, otherwise 11th)
Unbelivable that young Zverev made it to the 4th place! The problem is that he is yet too young and unexperienced in the Grand Slams. In 2-3 years he will dominate the atp tour. Yes he is the surprising player we see in top 4 lists. But he is playing well in all series, and he keeps on increasing playing skills. I think the coming year he will give tough competition to all top players. And come to the event If today Nadal wins this game he will have more chance to win this tournament. Yeah Zverev is surprisingly one of the young guns in tennis, even of his age he made it in the 4th place in the world ranking, in the next few years he is one to look up to. he experience will make him to win many grandslam of his carrier. |
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Argentina's Juan Martin del beat Roger Federer in four sets to reach the US Open semi-finals.
He goes on to face Rafael Nadal, who earlier beat Russian teenager Andrey Rublev.
What are your thoughts about this semi?
Nadal has the edge between the two, my speculation Nadal will go to the final and even win the grand slam, because of his experience plus the momentum of winning streak it will catapult him to the final. |
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In the past 25 years over 21 countries have suffered incidents of severe inflation. In these cases, as the national currency became increasingly devalued, either due to government over-printing or large injections of counterfeit bills, citizens have privileged foreign currency in order to maintain the import of goods.
You make a very good point. Each county want to control their money supply. Controlling bitcoin is not possible by design so It is not possible to replace any national money. For me bitcoin and fiat money will work in parallel because BTC is just like gold it has a monetary value usually measured in terms Dollar or in other currency around the world, if buy BTC in value of dollars it is just like Goods that you can sell and buy in terms of monetary value. |
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No, that's not gonna be happen. We all know that government was categorize in centralization system while Bitcoin was categorize in decentralization were obviously the government can't able to control bitcoin because of this wonderful and great features of bitcoin.
As of now there is no definite effect to the economy of a certain country so the possibility is buying is still legit to some country and in fact it will uplift the economic status their citizen because of extra income, if people had extra money they will buy and the market place will increase profit and the more the government can collect more taxes. |
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indeed with the various background and skill most people had same chance to get bitcoin and i'm a part since bitcoin was pretty low but i got excited even until now and never bored so to be honest as long as there is opportunity to get money i would be so excited although the price will low someday
Yeah opportunity in bitcoin is no limitations there is no requirements of skill educational achievements and etc. the real requirements is handwork and dedication belief and trust. and make you financially stable, freedom debt that is why high and low of bitcoin im still working with it. |
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Women-
American Sloane Stephens won a final-set tie-break to beat Latvia's Anastasija Sevastova and reach her first US Open semi-final.
The 24-year-old, ranked 83rd as she makes her way back from injury, won 6-3 3-6 7-6 (7-4) in New York.
I believe she will reach the finals.
Who would expect that Stephen Sloan reach the final of the use open coming from ranking 83rd in the world, maybe she is the next Serena William that will dominate Women professional tennis.because as of this year no one dominate women tennis. |
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