|
bitcoin has a very high price fluctuation, within 1 day, even 1 hour, the price can experience a very big change. If we want to charity with bitcoin, it means we must be prepared that the charity you give is uncertain the amount and its value. After all, I'm sure the charitable organizations have not thought about this yet. because it will reduce the transparency of charity fund management that has been collected in the form of bitcoin.
|
|
|
|
The Harder The Fall, The Higher The Rise
Not necessarily. But the opposite is always true.
A quick and hard fall creates fear among the participants in the market, and it makes them more careful in coming back in. While a quick and sudden rise also creates fear when it starts to fall, making them careless and wanting to be first out the door, that will cause the quick and hard fall.
in addition to causing FUD (Fear, uncertainty, and doubt), the rapid decline in prices in cryptocurrency causes more and more people to assume negative to bitcoin when there is a mistake in their own buying at the peak price. But besides, the old players in cryptocurrency consider this moment is an opportunity for them to double the value of the asset. They also believe that The Harder The Fall, The Higher The Rise [/ i]. |
|
|
|
True what you say, Gambling is forbidden by Muslims. but I do not think Bitcoin is a gamble, if prices go up in the market it's not a reasonable thing. and not just Bitcoin whose price up and down, Basic necessities such as Rice, Oil, and Sugar prices are also up and down! is that also said gambling, is not it ?! that means the rise and fall of bitcoin prices is a natural thing, and that is not gambling.
gambling isnt forbidden to muslim or any other religions as long as it is not an illegal gambling or you arent on duty while playing gambling. bitcoin is not also gambling because bitcoin is a currency (digital ) but bitcoin can also be used a tool in order to play gambling and other risky method of doubling your money (e.g investment , trading, etc ). the price changes of the stocks like rice , sugar , oil is not considered as volatile because they arent fluctuate too much or too often. Dude gambling is obviusly haram. There's no profit in gambling, you will all your money if you stay on this. All investments with predetermined interest, doubling money on HYIP website is also haram. Bitcoin is not haram as long as you do the good things. Like Trading, Mining is allowed in Islam is there any reference proving that Islam allows bitcoin trading and bitcoin mining? if any please show me, articles, youtube ect. Because based on the video that circulated about the views of Islam on cryptocurrency is negativ and recommended to be shunned. because the bitcoin itself is not obviously haram, but bicoin trading is considered haram because it has the element of gambling inside. |
|
|
|
|
I have been trying to invest in ICO as much as 2x, and I think that number is enough to just fulfill my curiosity and to examine how big and how much profit it offers. As a result, no one gives a profit 100% in accordance with the written in the whitepaper. Of the 10 promised, at most 6 are realized. That is, in an ICO Project, in addition to you have to get its presale, you also should not expect too high on the profit you will receive, because just to achieve ROI alone is very difficult.
|
|
|
|
|
World Cup 2018 in Russia is an easy target for the providers of transportation and accommodation in Russia. Surely they will take advantage of this rare moment to increase turnover in a limited time. If true they will accept bitcoin as payment, this is certainly a high risk strategy for them but it can also be a factor that can double their turnover.
|
|
|
|
|
in general, the graph shown by the OP shows that bitcoin is a long-term digital asset, and is at risk when used as a means of trading. Let's just say bitcoin is an asset such as land, property, and others whose value is increasingly expensive. If you buy bitcoin in 2015 for example, now you can still smile broadly despite the market conditions are down. Another case if you buy in 2018 and expect instant profits, maybe moments like this are like a nightmare for you.
|
|
|
|
Filipino couple amasses at least P900M in alleged Bitcoin scam MANILA, Philippines – Police have nabbed a couple promising easy wealth through popular cryptocurrency Bitcoin, Philippine National Police (PNP) chief Director General Ronald dela Rosa announced on Tuesday, April 10. Arnel and Leonady Ordonio were nabbed by PNP Criminal Investigation and Detection Group (CIDG) operatives, the police division in charge of high-stakes and high-profile crimes. According to Dela Rosa, the couple has scammed more than 50 unknowing investors, amassing wealth worth P900 million* in "raw capital." This means the amount of money promised to be returned is not yet included in the computation. – Rappler.com click the link for more info https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scamif there are people who scam with bitcoin, The 1st impression of investors here in the philppines will look at bitcoin as scam. -_- No company achieves its glory in an instant way, nor with technology. Currently, bitcoin technology is being widely discussed around the world, about the benefits that can be generated as well as the weakness or impact that can arise. There are elements of pro against and some are cons to it. People who pro against it take advantage of this technology in accordance with its function, although there are also persons who use it for the crime. While people who cons against it only focus on the negative impact that can be generated from this technology. They are all tests that bitcoin must pass to get to the top of its glory and it is not easy and takes a long time. |
|
|
|
|
there may be a bad side of bitcoin or cryptocurrency that is mostly regarded as a threat to the banks and the economy. That bitcoin can cause inflation. That is evidenced by the profit generated from bitcoin is very high, although the fluctuation rate is also very high. If there is inflation, it will greatly affect the economic conditions and can trigger a crisis.
|
|
|
|
I just stop looking at bitcoin price. It hurts me actually, that's why I took this decision. I am holding few of BTC and I will not look at my wallets too for 2 months. I hope after 2 months when I will go to see bitcoin price, maybe I will scream happily. What about you guys?  if you look at the current bitcoin price and hurt you, I'm sure you're an active trader stuck at current prices and if you keep seeing changes in prices will continue to cause very high pessimism, and eventually change the strategy into long-term traders or medium. You should learn about the risk if investing in cryptocurrency before plunging in. |
|
|
|
I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so? The amount is close to 3-4K.
Thanks for reading.
of course, is there a country that does not legalize it? to note here is the amount of money generated after selling your bitcoin. for the amount you mentioned I do not think there is a problem, but if the amount is large enough and has reached the value of money that the government must investigate about its origin, you must prepare everything. As long as you get it by trading or from a sig camp it will not be a problem. |
|
|
|
Now first of all I live in spain and I'm wondering if someone has ever paid taxes with money acquired from signature campaigns here. I made a decent amount of money a year ago because campaigns were giving 0.03-0.04 per week. I wouldn't really know how to pay taxes if I need to, would this count like a job and how exactly would someone prove they got their bitcoins from signature campaign , seems quite difficult.
Edit
A few options are presented:
1. Don't say anything, it's virtually impossible for any tax agency to find out what you have. However eventually they might be able to and you could face serious problems.
2. Mark it as freelance work and a tax rate will be applied to it, up to 50% (reported by an user) It seems that they wont ask for much information or proof as long as you are declaring it intentionally.
3. Simply spend bitcoins or any other cryptocurrency that you earned without ever converting it to fiat because cryptocurrencies are usually not taxable in most European countries.
I live in a place where bitcoin is not yet announced as legal or illegal. So even if i earn bitcoin through either signature campaign or from any other crypto source, i am not bother about paying taxes. But indeed, if my government accepts bitcoin and other crypto currencies and bitcoin is used my country wide, then yes i would certainly pay tax to the government as it allows its citizens to use bitcoin. But still, indirectly, I am paying tax to the government as the currency exchanged into fiats is used for local expenses. Every good are taxed. I don't think it really matters if bitcoin is declared legal or illegal as long as you are making money with it, what if you earn 10 million dollars, you think you won't have to pay taxes for it just because bitcoin is not announced as legal or illegal? Correct, even in your state of country legalize cryptocurrency or not, it all depends on how you trade it into your local currency. Indeed, you are not directly paying taxes to the government, but you definitely pay a withdrawal fee of 1% or more. Who knows, the fee we paid is partially paid to the government as income taxes of the exchange company. |
|
|
|
I'm just curious if how many percentages of all the people on earth know about Bitcoin. in my country, I think only 10% knows about it. post your opinion guys.
if the percentage of the number of people in the world who just know about bitcoin, I thought could be more than 10%. Another case when we talk about the number of people who use or have bitcoin, maybe the figure of 5% can be said that the percentage is already high enough in the size of the population around the world. |
|
|
|
How can it be forbidden for Muslims if the UAE is a Muslim country and cryptocurrencies aren't forbidden there? On the contrary, they've launched a new exchange in January. http://www.arabianbusiness.com/banking-finance/387598-new-uae-based-cryptocurrency-exchange-launchedAlso, like others have said, investing is not gambling. Gambling is a pure game of chance, where you can only win or lose, there's no middle ground. They won't say: sorry you lost 5% of your money  Investment can end up costing you or not, depending on how the asset is performing. I heard that in Turkey cryptocurrencies are forbidden, but those guys can't even explain why. All they are saying is that it's not compatible with Islam. AFAIK Islam isn't even compatible with itself since radicals are calling other Muslims infidels and murdering them. I think you should do the proper research first. You don't know what you're talking about OP. in a country, of course, there are a number of people with various religions living within it. Similarly, the UAE, in which there are Muslims, Christians, and Jews, so the decisions issued by the government are general. Meanwhile, I'm not saying that bitcoin is forbidden in Muslim countries but only Muslims. The prohibition I am referring to is not from the government but from the Muslim holy book studied by the experts and made the conclusion. Muslims who follow can be said to obey the rules of Islam and otherwise. I think you're the one who doesn't know what you're talking. Ok, so show me verses that prohibit the use of cryptocurrencies and I will change my mind. That's unless you don't know your own religion and don't have your own will, but instead need to rely on other people's interpretations, watch them and do as they tell you. And please don't say that it's because they are comparing trading to gambling because last time I checked stock exchanges were functioning in Muslim countries. The fact that some crazy Imam doesn't know what trading is and compares it to gambling doesn't change the rules of Islam just as it doesn't change the definition of trading. all things that contain elements of deception, harm to others, and uncertainty, are not allowed by the religion of Islam. Well, this is a ban concluded by the predecessors of Islam to follow. If Muslims follow, they are called obedient to the ban, and if not then they are called Muslims who do not obey the ban. Simple isn't it? Of course, you understand this if you are a religious person. There are some people who are obedient to his religion, some are not. |
|
|
|
Hello crypto lovers. I believe that we are nearing the end of the correction, which has lasted for only 3 months but was extremely painful and seemed prolonged!
I want to put forth a few points on why I believe that we are nearing the end of the correction in big-daddy BTC. If I may say so, Bitcoin has held the whole alt-coin market hostage. This coupling with Bitcoin however wont end in the near future for reasons well known. For starters, we are talking about a crypto currency which started a revolution.
Bitcoin last made a low of 5967 in the previous leg and in the current downward move made a slightly higher low of roughly 6400. We have more or less a double bottom situation in Technical analysis parlons.
Median corrective moves since 2010 have roughly been 70%. There has been a 72% correction in the overall cryptocurrency market. This has happened without any major reason apart from the Ghost of Mt. Gox coming back to haunt the market again.
Another significant reason is that Institutional money is simply waiting on the sidelines to enter. However I feel that they won be making any significant investments without regulatory guidelines.
Lets wait and see whether this indeed is end of the correction or there is more pain to come.
Keep calm and patience. The bullish will coming |
|
|
|
|
so far I still see the regulation by the largest bitcoin adopters countries, still a factor that can affect market conditions.
|
|
|
|
if you browse some of the posts in bitcoin talk u will notice lot of unnecessarily reply to posts or some people agree with the post owner while other may just repeat the
same existing replies with a different style ( some only copy past )
and while the merit system was created to solve that problem he kinda of failed because people still doing same posts for an obvious reason signature bounties
( some will say that merit was for rank ..well yes it is but its kind of created a solution and problem in the rank system )
so my main concern is why bitcoin talk forum don't have a like button ( up vote ) ? that will solve lot of problems and reduce spam
First "thumbs up", and now " like" button. What's the next button you seggest? |
|
|
|
I'm really disappointed with myself now because of Verge. Way back June 2017, I bought $200 worth of XVG and I sold it last week a day before the pump happened. It could be worth more than $5k now if I just HODL.  Well, I need to move on and learn from this mistakes. This will be a lesson for me to have patience and wait for the right time to sell my coins. The reason why I sold it was because I need more funds to buy another coin. I'm happy with the coin I bought because I can now see that it is now starting to pump. Maybe, I'm just half disappointed every time I'm seeing the current value of Verge. I bought some XVG again and will surely hold it this time.  I hope that this experience of mine can be a good example for everyone especially the newbies in this community. well, it's not only you who feel it, I'm sure many people who experience the same thing. Cryptocurrency investment is a type of investment that will make you often say this: why I do not hold, why I do not sell when prices rise, why I do not buy when prices fall. It's all just a matter of experience, because the best teacher is the experience. |
|
|
|
The market is very unstable but there are some minor tokens which are still stable in satoshi wise. Why can't it be same for the giant Bitcoin?
Lightening Network news and still its falling. what else can influence the value of bitcoin?
Minor tokens or almost all other altcoins are also dumped right now because all of their price is tied with bitcoin. Even if they are stable in terms of satoshi, they are down just like bitcoin and even by higher % than bitcoin. Bitcoin still have higher dominance but as people have pulled out huge amount from crypto as profit marketcap is down by 4x fold so the price too. When people will stop taking out profit and new investors will see this as a buying opportunity price can fly again like last year. But trading crypto is risky business and price can flip to any side of the coin. agree, moments like this is a moment that is used by most of the active traders, where the activity of buying and selling is done in a short span of time. No wonder the bitcoin price only plays in the $ 6k - $ 11k area. If the number of long-term investors can dominate and a good news about bitcoin keep showed up, certainly a significant increase will occur as we expect together. |
|
|
|
How can it be forbidden for Muslims if the UAE is a Muslim country and cryptocurrencies aren't forbidden there? On the contrary, they've launched a new exchange in January. http://www.arabianbusiness.com/banking-finance/387598-new-uae-based-cryptocurrency-exchange-launchedAlso, like others have said, investing is not gambling. Gambling is a pure game of chance, where you can only win or lose, there's no middle ground. They won't say: sorry you lost 5% of your money Investment can end up costing you or not, depending on how the asset is performing. I heard that in Turkey cryptocurrencies are forbidden, but those guys can't even explain why. All they are saying is that it's not compatible with Islam. AFAIK Islam isn't even compatible with itself since radicals are calling other Muslims infidels and murdering them. I think you should do the proper research first. You don't know what you're talking about OP. in a country, of course, there are a number of people with various religions living within it. Similarly, the UAE, in which there are Muslims, Christians, and Jews, so the decisions issued by the government are general. Meanwhile, I'm not saying that bitcoin is forbidden in Muslim countries but only Muslims. The prohibition I am referring to is not from the government but from the Muslim holy book studied by the experts and made the conclusion. Muslims who follow can be said to obey the rules of Islam and otherwise. I think you're the one who doesn't know what you're talking. |
|
|
|
Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?
Actually i dont believe,that this bitcoins is forbidden to our brothers muslim to participate this kind of cryptocurrency investment,because as far as i know ,that many of asian country,that mostly 90% living,there religion is muslim or islam but they join this kind of trading investment,even in the country of india mostly 3/4 of there population is muslim, but they still participating in doing bitcoin,because like us they also want to pursue and achieve there dreams by the help of digital currency system. This post really explains A lot, I really think there are no religion that is forbidden to use such technology and bitcoin itself like you have said I have known many Muslim friends that are really engaging and some wants to really learn how to earn in bitcoin, And I think bitcoin is a gap mender between other religions and as long as you are not doing the wrong thing and not because of the traditions involve in a religion I really think it is not really forbidden. of course, I feel the same way, as long as we do not do bad things it's all okay. But in Islam, we cannot judge for ourselves that something we do is good because they still have to be guided by the Qur'an (the book of Muslim). There are many Muslims who know the bitcoin and invest in it, but in fact, they just do not know about the prohibition of bitcoin in Islamic rules. Among G20 decisions the other day, does anyone know the decisions of some Muslim countries? |
|
|
|
|
Show Posts
