#PROOF OF AUTHENTICATION Forum Username: ven7net Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1099340Telegram Username: @venbusiness Participated Campaigns: Twitter, Medium, Article & Blog, Facebook PDX ERC20 Wallet Address on P2PB2B: 0x5c4dE1F8C7EB46baB325BB07fd01627246135411 USDT TRC20 Wallet Address on KuCoin: TYqkhpo71GkVgkmrLKwsnZSKTfFzeChhkH |
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The proposal by the Indian Finance Prime Minister as announced during the Budget 2022: - 30% tax on all income/profit from sale/transfer of Digital Assets
- No deductions allowed in the tax computation except the cost of acquisition
- Losses are also non-deductible or cannot be used as an offset against other income
- 1% Tax Deducted at Source (If I understand correctly, it's similar to Withholding Tax)
If you're wondering why they used 'Digital Assets' instead of 'Currency', they do not recognized crypto as a currency. The PM said it only becomes a currency when it is issued by the Central Bank (CBDC) and anything outside it is an Asset. What are your thoughts on this? It's a double edge to me. We have the legalization aspect (after so many ban proposals) but the rate looks quite high especially when they lowered the personal income tax rates (for certain income brackets) and the Capital Gains Tax appears lower too. It seems like they really want to get the most from crypto retail traders and investors because they know that there is a strong demand and a large number of transactions. https://timesofindia.indiatimes.com/business/india-business/30-tax-on-digital-assets-all-you-need-to-know/articleshow/89267925.cmsIn order for you to get an exhaustive answer to your question, you need to initially refer to the constitution of the same India, where I am sure, like other countries, there is a provision that states that money, that is, finance, can only be assets issued by the state itself, or the central bank of this state. Based on this, the definitions for cryptocurrencies in India look logical and fit under their laws. As for high taxes on the use of cryptocurrencies, this is certainly bad, but on the other hand, the state also wants to make a profit, which is also logical. I do not think that the decision to completely ban cryptocurrencies in India was the best decision. In any case, if you want to make money legally on cryptocurrencies in India, this offer may well suit you, if not, then you will have to look for another way out. |
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Recently, I found threads on this forum about celebrities such as footballers, musicians, e.t.c embracing bitcoin and choosing it as a payment method for brand endorsements. On the second note: I thought about it this way; since they are an increase in divorce in their industry, especially the musicians. Could holding bitcoin be a plan B for securing their assets if their spouse files for a divorce? In search of an answer: I read a Law Firm blog that said something about sharing bitcoin 50/50 during a divorce. They clarified that any bitcoin transaction that occurred while the holder is married belongs to the marriage fund and can be shared if divorce arises and vice versa. How do they get to know the truth?They claim that some questions when asked to a spouse, would determine if they hold bitcoin (that's if they answered correctly or genuinely). They can track a spouse's bitcoin transactions through the person's hard drive. They urge people to open up about every asset they hold. Including; bitcoin when in court. After a brief thought, I concluded my thoughts about some single (Not married) celebrities. Observing the rapid increase in the divorce of their colleagues would see bitcoin as a plan B to secure some funds to keep them balanced even if they experience such ill-treatment from their spouse in the future. Because most celebrities like DR Dre fell off balance after his wife filed for a divorce. What do you think about this? As for living together, as far as I know there are two directions. The first is when you officially live together and in the event of a divorce, the court decides your claims, including the division of common property. The second is when a marriage contract is drawn up and everything is immediately clearly spelled out who and what gets in the event of a divorce. As for the use of blockchain and cryptocurrencies for these procedures, why not? As far as we know, the BTC blockchain is transparent and everyone knowing the wallet number can view the balance and movement of funds, which makes this process fair. Because of this, many famous people are probably starting to use blockchain and crypto for such cases, so that in the future they will not have claims against each other. |
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#PROOF OF REGISTRATION Forum username: ven7net Forum profile link: https://bitcointalk.org/index.php?action=profile;u=1099340Telegram username: @venbusiness Participated campaigns: Twitter, Facebook, Linkedin, Instagram, Reddit, Article BSC wallet address: 0x30798fA44b16cFB5fe88c26B62d8441EEF77Ed53 |
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There are rumors circulating around the web, that the ETH 2.0 upgrade will finalize this year. It would be a major upgrade on the ETH blockchain, after a long period of delays. The competition became much more intense ever since gas fees increased on the ETH blockchain. If the ETH 2.0 upgrade comes into fruition, then ETH's position on the market will solidify like never before. Depending on the impact, competing chains will experience less demand on the market. Still, I'm having my doubts if ETH will upgrade to PoS this year due to the delay in ETH's difficulty bomb. How long will it take for mining on the ETH blockchain to come to an end is beyond me. Do you think 2022 will be the year of ETH 2.0? If not, why? What will happen with ETH after the upgrade is successfully implemented? Will it mark the end of alternative smart contract platforms for good? Will ETH gas fees decline massively after the upgrade? Or will everything else remain the same? Your input will be greatly appreciated. Thanks.  Personally, I have been an Ethereum fan since 2017. As for the launch of ETH 2.0, the launch of the updated system would probably be the best event of this year, however, I have a suspicion that this may not happen this year 2022. The reason is that although the Ethereum network now has large commissions, this does not prevent many from launching their crypto projects on Ethereum, which means that ETH miners now have excellent income, and the price of ETH itself still shows excellent results. Probably the Ethereum team is not in a hurry to launch ETH 2.0, but this is just my opinion and it is possible that the launch will still take place as early as this 2022. |
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The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.
Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.
You are right, many large investment companies continue to buy cryptocurrency, especially when the price goes down in the market. All of this tells us that the big players believe in both the future success and price growth of cryptocurrencies. But the next fall in prices for cryptocurrencies is another opportunity to enter the crypto market on more favorable terms. |
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I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.
Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.
I am not going to make your investments for you, it is not my decision to sell or buy for you, if you want to get out right now and feel scared then you should do that, it is your money and only you can decide that.
However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.
Of course, you are saying the right things, but not everyone can be an excellent investor or trader. Some people in the crypto market just want to make quick money, and when they see a fall in prices for cryptocurrencies, they just sell them, because they are afraid of losing all their funds, and they are also afraid to buy cryptocurrencies at a price drawdown, because they believe that this is a hoax and the price will go down. lower. The crypto market needs people like you who know what they want and who knows how to wait or take risks in order to succeed. Therefore, the right decision is always the decision that everyone makes for himself, and does not follow the information or opinions of others. I think that everyone should always decide for himself what and how to do, because then you won’t have to look for someone to blame if something goes wrong. |
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The decision by China to conduct a trial use of blockchain technology in it major cities of Guangzhou Shanghai and Beijing giving the permission to about 164 organizations to run the trial test of the blockchain technology, this was made known as a report from China Central Cyber Space Administration makes the approval. “The notification requires that capacity-building be strengthened. All pilot units (regions) should give priority to adopting blockchain software and hardware technologies and products with interoperability and sustainable development capabilities; actively guide blockchain applications to develop towards value, scale, and industrialization; accelerate the formulation of relevant technologies and application standards,” the notice said. https://finbold.com/china-sets-certain-conditions-for-blockchain-use-within-the-country/As it was generally known that China has a total ban on cryptocurrency last year and it decision has remain steadfast as the government took drastic measures to bring to an end existing crypto firms, mining rigs to shutdown, stating that it imposed a danger to their economy. But to a latest development, its giving the use of blockchain technology application a trial opportunity stating that the proposed blockchain differs from the bitcoin blockchain. what's our intake on this? This information from China indicates that the Chinese authorities are interested in blockchain technology itself, without those crypto assets that already exist on the market. This is primarily due to the fact that China already has its own digital Yuan. But the use of blockchain technology itself, for example, for an administrative resource, is very beneficial, as it makes it possible to automate many processes, make them secure and fast. |
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Every time the market is green, we see a lot of youtube and social media influencers come out to guide people and to predict the targets for bitcoin and altcoins. But as the market dumps, we see no sign of these moon boys. Why don't they come to advise us in the these times.
Maybe they are unable to face the public because they have given too much unrealistic hopim to the people ?
Personally, I think that some of the crypto analysts, or as you affectionately called them "moon boys", are just bloggers who earn both from watching their videos and promoting certain crypto projects or their referral links for profit. That is, there is nothing special in their reviews, but just a loud cry about flying to the moon. However, there are those who try to read the charts and the news background, which, according to their logic, is precisely the trigger for a trend change in the market. But unfortunately, as you clearly noted, they all say this when the price of crypto assets rises, but when prices go down, they take a vacation and wait for the trend to change again. So it is dangerous to believe these "moon boys", because they themselves do not really know anything, but simply express their point of view, which very often has nothing to do with reality. |
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I've seen a lot of alts on this day making green wherein seems the bearish is getting weaker. Perhaps if market keep showing the same thing for couple of days bull will gonna take over the market again in my personal opinion, because it's been how many weeks it's red and suddenly most of my favourites alts turn into green and gave me profits this day using scalping strategy.. What do you think guys is this the start of bullrun or just a sign that soon will be another season?
A number of crypto analysts believe that the crypto market has changed direction from falling to rising. However, one thing is talk, and another thing is reality, but in reality, no one knows what will happen next. Yes, indeed, over the past few days, the prices of many crypto assets have gone up and have already been able to bring excellent profits to many who bought these crypto assets on the fall. But this does not mean that a new flight to the moon begins, since large players may well deceive everyone, letting them believe in new growth, and drop prices again. So, as they say, you always need to be on the alert and be aware of all the crypto news, this is what will allow you to see the situation on the market in reality and make appropriate decisions. |
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Its been a very long time that I've been using coinmarketcap.com/new to find new crypto projects that just get listed on the platform and I've come to notice that every two to three days coinmarketcap always list up to 30 new crypto projects, how insane is that? It shows that more than 100 crypto projects are released every week cos some landed on coingecko first before coinmarketcap, this to me is scary
I don’t think this should scare you, since everyone wants one thing for cryptocurrencies to be accepted in the world and for this to happen as quickly as possible. Various methods are used for this, and probably one of them is the emergence of new crypto assets and crypto projects. Of course, this does not mean that they will all be successful, but probably such a task is not worth it, and the important thing is that the more new cryptocurrencies, tokens and NFTs come out, the more it will be possible to involve new people in the crypto world. Thus, this will bring the very recognition of crypto in the world closer. |
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