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As far as I know there are some countries that imposed tax on bitcoin earnings and people get to pay them whenever they convert and encash bitcoin. In my country since bitcoin is not yet popular and supported by government, my earnings in signature campaign are not yet taxed. For me it is fair and just to taxed our bitcoin earnings provided that it should be properly imposed and documented for legal purposes.
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Many are confident to enter trading even without proper knowledge because cryptos are somewhat easy to invest with unlike trading in stock market. In cryptos all you need is a capital and positive mind. Since many trader based on their judgement on other people experience and opinion, most of the time studying the target asset is no longer an applicable but rather choosing what they believe will give them higher profit.
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It seems like only a small fraction of bitcoins as well as other cryptocurrencies gets earned while the vast majority of the coins are bought. But when people buy coins, they obviously aim exclusively at selling them later at a higher price, which is what speculation basically consists in because it makes no economic sense to buy a cryptocurrency to spend it on goods when people can easily spend fiat instead. However, if the price goes down, people aren't going to spend their coins either. And whenever someone complains about prices going down, the only reply they receive is just to hold to their precious bitcoins, no matter what the price could or would be. I have yet to meet anyone telling these bag holders to spend their stashes on something useful.
Apparently, the HODL mentality kills the currency aspect of Bitcoin.
For me holding bitcoin does not destroy its being a currency, still people know what's the use of it, it was just that bitcoin is more than a currency which makes it a special one, it appreciative feature makes is more popular that's why many consider it as an asset. If bitcoin value is not fluctuating, I think it will be just a normal currency and will not gain the popularity it gets right now. |
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Hey. What do u think about cloud mining? At first, I know that now it's not profitable. Also for join u need a lot rich friends or traffic in social media. Maybe smb has inside or more deep knowledge about CLOUD MINING. Thanks.
The last time I heard many people are complaining about this and says majority of cloud mining is a scam. I once try this and I never get paid. I also want to learn which company are legit and trusted but as of know I never seen any one. Mining is somewhat a risky thing, you must have proper knowledge so you can earn properly and of course distinguish the legit from scam. |
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NSA whistleblower and privacy advocate Edward Snowden said that he believes Bitcoin will eventually be supplanted by another cryptocurrency that does not utilize a public ledger. (Interview with Peter Van Valkenburgh of Coin Center, Blockstack Berlin 2018)
How do you think maybe he is right, that public blockchain of Bitcoin it's not so good for us, for our privacy??!
Many speculators says bitcoin will never last and will be replaced by another coin, they even mention how development of bitcoin far behind those altcoin that we have, but up to this moment bitcoin remain on the top and continue appreciating. I guess as much as there would be better coins than bitcoin, none of them can ever surpass it and can get the demand bitcoin has today. |
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Japanese representatives will push for the adoption of global rules on cryptocurrencies at the upcoming G20 meeting in Argentina. Next week, the summit will gather finance ministers and central bankers in Buenos Aires. Other countries also want to put crypto matters on the table, with signals coming from key members of the European Union. read for more updates here : https://news.bitcoin.com/japan-to-call-for-crypto-rules-at-the-g20-summit/ Japan has always been very supportive with bitcoin and its really not surprising if they will push such adoption, besides cryptos has a really positive future that can help the economy to grow even better. I hope Japan will get the majority to support cryptos and help it to appreciate even better. |
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I can see that soon almost exchanges and even ICO programs will be requiring us to do the KYC procedures where we are required to pass copies of our legal documents before we are granted entrance or the use of the services or programs we are interested with. This can be as common as having a password or 2FA.
Now, personally I have no big problem with it though just like anybody else am also concerned that my personal information can be divulged to anybody or a group that might use it for any illegal purpose. This is one risk we are facing once we are actively living in the online world. Evil people who can be thousands of miles away can now be just one click away.
What are your apprehensions about the KYC procedures that will soon be as popular as noodles?
If bitcoin will become a legal tender of a certain country having a KYC is something that should be implemented, especially that cryptos are very prone to illegal acts and can be a way for corruption without any trace left for checking. I actually support KYC but I think there should be basis or limitation in requiring this for any transactions like what banks do when they implement AMLA (anti-money laudering act). |
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Social media sites imposed control over crypto currency ads to protect people from scams and the use of media to spread projects that will not help people as well as the economy to grow. Though this is a good thing to consider but this also make the crypto popularity decreases and might affect the current demand and market status.
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I missed the last dip and am wondering if I should hold out for another oucoming dip or if the current price for Bitcoin are still decent.
There's no use in waiting for the next dip, better invest now if you can because each time is an opportunity lost if you will not take chances to invest and hold bitcoin. Sooner the value will rise again, so don't wait for the time that you will regret not investing and believing in bitcoin. Few months from now I think bitcoin will start to pump again. |
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Isn't it so unfair for the people who is new here? That will be struggling making such as good quality post so they could be given a merit by someone. I know all of you is having a hard time thinking what are you going to post such as good quality.
It is really hard to have a merit it is because as far as I know:
People are selfish. Even though you post a really good quality post still there is a people who won't give you a merit.
Some are alone. Like me, I don't really have much friend who would give me a free merit. I know that it is easy to have a merit with a friend that have an account of bitcointalk.
My question is. Why still need merit? We are still struggling to rank because of the merit.
I agree to you mate, as much as I would like to work hard making a quality post sometimes I realized that it became useless because not everyone will appreciate it nor give merits even if they find it useful. I hope we can go back in those time when merit system is not yet implemented. |
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For me I still prefer bounty campaign instead of airdrops because right now airdrops seems to slow down and very minimal, though you can still do both but working on bounty campaign has the higher chance of good earnings instead of waiting and do nothing.
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anything can happen, because with bitcoin possibilities are always there. We can expect it to pump and reach $20000, we can also expect it to drop and go over $3000 like it used to a year ago. Anything can happen but whatever it is we should continue supporting and believing in bitcoin.
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Hey guys! i need some new strategies my bank: 0.5 share yours  I play in yolodice using their faucet claims and bet .00000001 multiply to 100x...I actually win several times from that then I use my earnigs as my capital for higher bet rounds. I really enjoy this strategy and there's really time that I win big amount. |
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Somewhere within last year, Bitcoin could rise as high up to almost $19,000 and this massive rise stirred up the interest and enthusiasm of investors. Few weeks later, Bitcoin began to experience gradual drop in price and now struggling to regain the position of the almost $19,000.
The question is: What is causing the drop in BTC? is Bitcoin ever going to regain that position and even beyond again? and if yes, when?(prediction)
Somewhere in 2010 bitcoin value was only $100 and in a matter of few years it started to rise until it reach today's value of an average of $8000. Do we really have to consider this as a struggle of bitcoin?? The value of bitcoin fluctuates and we cannot help that, but we should continue trusting it because as far as I know bitcoin has always been a good investment, or should I say a profitable investment of all time. |
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This situation I saw the market downhill seriously! And there are no signs of recovery. What is it doing?
Please ask the high security!
Thanks very much !
The market will fluctuates from time to time and we cannot anticipate if it will move up or down, this is a normal activity that we must accept and understand. Cryptos are very volatile and unpredictable, what we can do now is invest and wait for the price recovery as the cycle will surely turn crypto value high soon. |
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My friends, this advice I give you according to the experience of my friends. Invest in the cryptocurrency only honestly hard-earned by you money. In this case, you do not have to worry about the temporary jumps in the rate, you can safely wait for the moment when the price will rise to the desired level, and then you can sell at a bargain price. This will be the earnings. You cannot do same with credit money.
I think if you can loan from your current company with only 4% interest payable in 1 year then you invest in bitcoin, that can give a higher chance of success provided that you set a limit of earnings. Do not be so greedy a good return to suffice your cost and desired earnings is enough. I believe in a year bitcoin value will rise eventually so using loan amount for investment is not that bad I think. |
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Bitcoin will surely recover, all we need is to be patience and keep holding our bitcoin. The market demands respond positively so I really thinks that bitcoin value will going to have a good future as well as value, right now what we are just experiencing is a normal fluctuations, bit sooner bitcoin will reach another all time high record in its price. |
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Is there any announcement made about dropping the minimum earnings in faucet?50% of the base price was lessen, I've been doing this faucet for almost a year now and I keep saving every satoshi I earn, so sad that the base price drops like that especially now that bitcoin value also drops so bad.
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Sana magkaroon ng chance magamit ang coins.ph sa SM like GCash para no need to convert, deposit or cash out our bitcoin para makapag shopping.
What do you think guys?
You're right, it would be very convenient if we can use coins.ph in shopping in malls like SM not just in buying load or paying bills online, though there is already feature for online shopping but the shopping sites were not that interesting for me. I think developers should really look into this. |
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yeah right we should all think positive because the growth in demand of bitcoin will be based on how people support it, and if we will continue investing and holding bitcoin despite the dump we currently experiencing I'm sure the market will soon recover and we will have a good future and income as well.
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