I've heared that in some countries people have to pay the income tax after buying fiat for their bitcoins. Anyone faced such problem? If yes then how you deal with it in your country?
At one point of view bitcoin is an instrument for investment so ppl buy it willing to get income in their currency.
At the other point it is a currency and it might be used with a purpose of saving. In this case the tax would be stupid.
In my own opinion placing a tax in bitcoin is very stupid because bitcoin is the only way to earn more income for those who does not earn money so much in their life. Some of the rich people does not really know how hard to earn money so the government just place tax wherever they want or maybe the government of the country is corrupted that's why it happens. |
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You can't. It is actually impossible. Eventually the market cap will be too large for any individual person or even corporation for that matter to affect the price that much. What goes up, must come down.  Yes it cannot be stopped and actually you do not really to worry about how the bitcoin is dropping its price because eventually the value is increasing again. One of the best example that bitcoin recovered from a great tragedy is the banning of ico's in china. |
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Difficult to predict buy/sell in market
but as expert says, Buy the rumor and sell the news
I think it is not now difficult to predict that where the price will go on. The people were waiting for 1st August and it has past and all fears have died with their speculations, why we will confuse now. I think we are more clear and satisfied about bitcoin price that the price will not go down more and now it will going up with the passage of time. I am 100% clear to buy bitcoin this time. It was really increasing periodically as of now but it is not really sure if this kind of incident like banning of ico's in china will not happen again in other country. As of now i think the value is of bitcoin is satisfying and the circulation is good. |
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You have such a huge money. $2mil. You have to do lots of homework on mining, trading, and holding the bitcoin as well. Trading would be good one from my suggestion because no need to worry about electricity usage in mining. Trading and holding bitcoin for long term is a best way to get some profit.
$2mil is too much and i would like also to suggest that this person should invest in building a mining hardware because in this amount of money you can double your profit in just a month and if you were in a country that has low electricity consumption then it will be a huge advantage for you. |
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Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
If bitcoin becomes legal and officially accepted at the store, the transaction will be done quickly. But I think if the digital currency goes into exchange, trading in everyday activities, other currencies will be affected by falling prices. I think that this is all possible, Every transaction will be so much easier but at the same time i think the value will decrease eventually because there's so many supply and the market will be populated since everyone needs to exchange it into real cash. |
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I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.
1) More security (especially if you are careful).
2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.
3) Fast, worldwide transactions at your fingertips.
4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.
In my own opinion bitcoin does not have that good security since there is a lot of news that wallets are being hacked. But yes transactions are so fast since it is an online currency but i think that people are interested in bitcoin because it was easier to earn instead of earning money in real cash. |
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In past or present,products are ups and downs for buy and sell. so it is also a part of this. Though,it is not so high price,but previous it was also so low,we know that. but in future, I think, it again increasing and dominating position..........
There is always ups and down and we cannot avoid that, The best example is the downtime when the ico's has been banned at the china and everyone is panicking because the market price is dropping but now the bitcoins is slowly increasing again. This is the best example that bitcoin is not easy to be removed. |
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Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
Bitcoin does have a limit but it cannot be measured through counting how many bitcoins is left out there and the only way to measure the life of bitcoin is through time and predictions of individual specialist. Maybe there is a different information about how it ends, Just try to look at the news in google. |
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I think it is very risky, you should invest from some of your money, don't make all your money into bitcoin. bitcoin prices continue to progress, but that does not mean all our property is made bitcoin, it is very risky.
Well its not really reliable to turn all your money into bitcoins because the value is not consistently increasing and basically it depends on the supply and demand in the market. I recommend that every investor that wants to start trading to earn bitcoins is to study very well on how the market circulate. |
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I've discovered Bitcoin few days ago, but I am skeptical about few things, why would I invest money in Bitcoins at the end of the day,why would I convert money into Bitcoins?
If I want to buy stocks or invest money I can easily invest with real $. Why would I convert my $ to bitcoins?
If I want to gamble , I can simply gamble on websites that require $ as currency, why would I convert it to bitcoins?
What's the difference between Bitcoins and dolars? What does bitcoin bring to the table that real $ don't, less taxes, more income?
If you have a day job or just by looking at the salary of every worker. Then you will notice that they have tax and multiple deductions coming from government compare to working on ico's or rather called campaigns. The only deduction you will get will be depending on the market price of the current coin. |
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I am currently using mew and i think that this wallet is very reliable for holding your eth coins and i recommend you to use it. The only way that hackers might get you is if you logged in to their phishing site so make sure to avoid links that was sent to you unnecessarily.
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because of this issues ICOs has been banned by several country now. It gonna rise issues about ICOs funded the terrorist also. Look like not all peoples doing a good thing. That why now some country very strict about ICOs now. For me this is a must do by any country.
I am not sure but i think that the only reason why they banned bitcoin in other countries is that, Bitcoins are being used in illegal transactions like drugs laundering or the currency of the current country is being affected by the bitcoin that's why their government is not allowing it. |
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you can follow bounty if you want, and be patient to get it, here are many ways to get bitcoin, follow some useful forum to get your goal.
In bounty campaigns i think that signature campaigns has the highest payouts and the easiest work to do. I prefer that if you are just starting then just do signature and facebook campaigns as well for you to earn a starting coins. |
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WEEK 4 Signature Campaign
Manager i was able to reach 20 post from september 29 to october 01 but it was written that i did not.
I am on line 63 at the spreadsheet please update my count. Thanks in advance.
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Have you ever wondered how would the world's economy be like in the future as a cashless society? Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more. If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology. Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies. Nevertheless, I would like to know your opinion about this.  I feel that we are inevitably heading toward a cashless society, between credit card and debit card payments and now smart phone payments we are already pretty accepting of this concept. The big question is does blockchain based currencies have a central role to play in this, an my answer is that I think they do. We are getting there little by little, but if for no other reason than a novel technical solution I believe that crypto will be a dominant player in the future. I feel like everything will be more compact even our cash. Thus, people likes to use cards. Plus, you just seems a richer when you are using card to pay for stuffs. People wants everything to be digital and accessible online. That's why banks integrated their service on the Internet and have online banking. Another thing, people like to keep stuffs on their phones. Banks already have those. Those are the things that we also offer in cryptocurrency. You have your wallet on your phone. You have your wallet on the Internet. On the other hand, bitcoin can offer more things than that which the mainstream might want. First, anonymity. Who doesn't want to keep the details about themselves. Bitcoin is not exactly a fast and free transaction but it's better than Paypal when it comes to transaction fees, and it surely is a lot faster than when you are going to transfer amounts by physically going to the bank. Most people are not aware that you can do this so they don't really use crypto coins. And so we have to inform them, although they can be discouraged by the scams and dramas going on in bitcoins. cashless society will be more peaceful than that society in which people use cash because keeping cash could be riskey but keeping bitcoins will give you benefits financially and also tension free life is just possible with bitcoins. Well i agree with you and robbers will be hardly steal your money from you but then the problem is the government because every transaction in the past years are through cash and it will be very hard for the economy to replace it as fast as it should be. |
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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 my opinion as a student, bitcoin is really helpful and it might can end the poverty. I am a student and i can earn more money through bitcoin rather than working at night and it helps me a lot because i can pay my tuition fees through joining on bounty campaigns. |
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when i was new in trading, i usually sell all my coins when the value is dropping because i did not know how the market works and now that i have been through a lot of experience then now i am more careful.
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Hello All,
What you think is the best investment to gain steady income in btc without actively doing anything?
So no trading/gambling/loaning etc.
Steady income more likely to be 'small & secure' than 'big & risky'.
Thanks,
BR Oinas
Join bounty campaigns, Signature campaigns has high payouts now a days or if you have skill in programming or marketing then apply for a platform that is looking for it. Every job needs an effort so try to work hard. |
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Any job will make you tired and it only matters how much money you were earning from it.Users in this forum were so lucky that they can earn money easily because they know information about bitcoins, It does not really matter if it makes me tired as long as i earn money as much as i have right now.
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I think if you are a good trader then trade by day will help you get good profit but you will spend a lot of time to monitor the market and this is not good. For me we should invest 1 potential altcoin and keep them till the highest profit
I think that you can earn more profits from small profits that you were trading everyday but i am also depending on the potential of the coin if it still can grow periodically and i will hold if it does. |
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