 Show Posts
|
|
Pages: [1] 2 »
|
|
I live in Europe and i have to pay taxes for bitcoin if i want them to cash out also i pay taxes for a lot of things but i am happy because this way i can earn bitcoins and it is legal.
|
|
|
|
|
I do not earn money form bitcoin at the moment but my friend does and he earns a daily income from bitcoin and he spends it all in a day for food and other things he needs to have to survive and he also gains monthly income.
|
|
|
|
Yes, got you intrigued, didn't it?
Bitcoin is a very good thing to have as an asset. Just like gold. Even better if I may say. It's secure, and unlike fiat money it actually exists and work is put into it to produce it. This makes it great to store value.
However, it cannot and will not replace current fiat money that the entire world it using. It just cannot.
Take paying a cup of coffee for example. To pay your coffee with bitcoins, one must get bitcoins first, either by mining or buying bitcoins with other kinds of money (*cough*fiat*cough). It ends up being a quite complicated process, don't you think?
Until we reach the point where paying for a cup of coffee is as easy with Bitcoin as it is with cash, we will never get mass adoption. And as far as I see it, there is no way of simplifying the acquiring of bitcoins.
Yes youre on point. Heres the thing, Bitcoin cannot replace fiat because.. Btc value only depends on another currency's existence which we call it "fiat". Bitcoin in reality is not a money. Bitcoin only provides a transfer function, wether its a payment for a service, or a payment for a product. We invest btc with the hopes to pump up its value right? We use fiat money to invest, some get it from services like campaigns, faucets, blogs, etc. But at the end of the day when the Btc value met or exceed our expectations, we exchange it for fiat. So, how can Btc replaced fiat in these case. Can Btc creates its own value without depending in another form of currency? Yes, btc has a lot of good features than fiat in some cases but simply cannot replace fiat. yes, I really agree with you. the reason is quite simple, how can digital currency replace fiat? I will also add a little bit of my opinion on this, bitcoin is a new thing for investment, trading, and online transactions purposes. there is also no clear regulation from the government on bitcoin, so I think it will be better as it is now. we invest our money in bitcoin, pumping its value to go up properly and exchange it for money in the hope of making a profit. Fiat is under government regulation and fiat used by all people in the world, in fact I think fiat is still better in terms of transaction, no fees, the payment can be done anywhere, there is no confirmation and work offline 100%. So how bitcoin can replace fiat, if the fact fiat is still excelled in terms of transaction. I agree with you i also do not think that bitcoin can replace fiat we are not that far in the future where we could just let fiat die and use bitcoin it would not work right now because not a lot of people know about bitcoin. |
|
|
|
|
Because bitcoin is first of it kind and it is very popular among a lot of people a lot of people want it and see potential in it that is why they invest in it and the price grows and takes a lot of attention form people.
|
|
|
|
I've just thought about this for a moment but, if we want bitcoin to get more popularity, attention or acceptance would it be nice to make some advertisement about it on T.V.? I don't know if in other countries they advertise bitcoin but in my country, I haven't seen one. How do you think advertising bitcoin will affect the people? Any thoughts?
It is a good idea but advertising bitcoin in television is not an easy task because you need a big amount of money before it will advertise in television. I am really sure that advertising bitcoin in television is effective and it can influence many people. Money is normal for the rich, they have enough money to do anything as advertise Bitcoin on T.V. However, you have to remember the government don't accept promote any product from cryptocurrency unless they accept it. Therefore, you can't do that until you can get accept from the government. I agree with you but if bitcoin would be advertised on TV it will get a lot of attention and the price will increase a lot because people see that bitcoin is worth the investment and that way we all who started with bitcoin way earlier can make a lot of profit too. |
|
|
|
|
No it is not dead actually it is on the rise again it has even reached a whole new price because its highest was 7.5k and now it has reached 7.7k i believe it can easily go to 10k at the end of this year.
|
|
|
|
|
It is expected that bitcoin would be used in crimes because it is like sending anonymous money to people the legal way because in my country i pay tax if i cash out my bitcoins but this does not mean you can ban bitcoin because of some people are using it for crimes.
|
|
|
|
|
Yes in my country we can already book flight tickets and pay with bitcoin it is crazy how cheap it seems just for like 0.05 you already have a very good vacation package i am glad i have ever started with bitcoins.
|
|
|
|
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
simple answer. people just waiting for high price and sell bitcoin in high price to take more profit of this situation and almost user of bitcoin use this way Yes you are right because people want to get much profit from it. And they want to be rich from bitcoin. Like me. I holding bitcoin for a long time because i want to be rich people from bitcoin  The other reason why people holding bitcoin because they know bitcoin has a good potential. And bitcoin is the best investment in the world. I think. Of course they are holding it because they will get profit. No one will leave their coins without knowing that they get a profit. Everybody leaves it in their wallet hoping that the price is increases. I as well hold my coins because i think some of of these coins have potential. I agree with you i went into trading and i realized that i need to trust these coins in which i am going to invest in so i only invest in the coins i though have a good potential profit to give to me and same goes for bitcoin. |
|
|
|
|
Nothing maybe she will come back if you cash out every bitcoin and throw the money on her face maybe she will even go into bitcoin with you then and then you both can make bitcoins together.
|
|
|
|
|
I agree with you bitcoin is crazy the last days it went from 5k to 7.3k in a couple of days i think November did very good to bitcoin but i am prepared for December because i think at the end it will reach 10k dollars.
|
|
|
|
I would choose bitcoin because you can make more profit with bitcoins than gold. Gold will be gold and bitcoin can even become bigger then it already is and it is still becoming bigger also the price of gold can become stable and the price of bitcoin cannot.
I prefer investing in bitcoin also because I know that in bitcoin I can earn more, in case or emergency I can withdraw it anytime I want, gold is good but since it is law regulated that is why its value is not that good, you are also earning but not too high but it is good also if you have investments in gold as you can also en cashed it anytime when needed. Bitcoin has more liquidity rather than gold because when you are trying to sell gold then you need to find a buyer or sell it for a lower price in order to sold that bitcoin. Bitcoin is better because of the ease to earn money and to get the money from it and it has an advanced technology which is great for the people in our world in the future. Yeah, we can sell our Bitcoin through online payment easilier than sell Gold through directly. Although we can buy/sell Gold through digital exchange like Bitcoin, but there are not much people choose this form because most of people want to keep safe their asset. Unlike Gold, Bitcoin does not have any risk when holding in our wallet unless your PC or hardware wallet have problem I agree with you also gold is much easy target for criminals because they cannot take your pc with them and go into your wallet if you have a good wallet like i do then even that would be no problem at all for you. |
|
|
|
|
I think a lot because if you start with bitcoin you know you have to have a lot of patience and be able to wait a long time and put trust in the coin you have invested in so we all can hold it for a long time it just depends on when you want to cash out and at which price you want to cash out.
|
|
|
|
|
Well actually you can even do this easily if you have just 1 bitcoin because bitcoin is very costly and you can just invest that one bitcoin into other altcoins to make a lot more profit very easily and fast.
|
|
|
|
Sometimes it helps to observe things from a different perspective... 3-day candles.  Yes it always does help to actually observe things from different perspectives and thank you that you are doing that for us we appreciate it very much because we would not be able to do that without you. |
|
|
|
|
Actually yes and no because if you know how the trading market works and than you know which to buy and which not but is also gambling because you never know what will actually happen with it.
|
|
|
|
It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I believe that most people of the world will use it because of its better to transact than fiat. Like we can directly use worldwide trading. But I am not sure if what the market will be in the future. We never know about that but i'm pretty sure more people will use bitcoin and bitcoin become more popular in 2022. If we talk about everyone use bitcoin in 2022, it's possible but i'm not sure about that. There are still many people in this world that don't know about bitcoins. Just see the price of Bitcoin at now, you can know we have not much Bitcoin user. The world have 7 trillion population, but total supply coin of Bitcoin is just 21 million coins, but this is the max supply and we still need a long time to mining all that amount. I agree with you but there are still options that most of the people in the world will use bitcoin because the max supply is 21 million coins but not everyone has 1 coin and the people who are using bitcoin now are very few. That doesn’t matter. Number don’t have any concern in terms of the future. See, bitcoin is being developed since last 9 years and only 21 million bitcoin are there in market. But when you talk about future, users will be more in number then ultimately the developing companies have to manage more bitcoins as per population. So, things will be fine and the future is all about it. I do not think that there would be more bitcoins because we are already having a lot of struggles to mine the amount of bitcoins which actually are left and with more people it will become faster but not easier. |
|
|
|
|
I heard from bitcoin when i was in a lounge where they had posters with bitcoins and i asked the boss what it stands for and he explained everything to me that is my first time hearing from bitcoin.
|
|
|
|
|
I do not think that bitcoin can make banks disappear. Banks have been existing long time ago before bitcoin was introduced. Banks have been also a great help for many citizens and I do not think that it would easily disappear because of bitcoin.
|
|
|
|
|
I hope it will because it does change lifes of a lot of people and if everyone tried it out they would know how easy it is to earn and be rich while doing nothing except sitting on your bench.
|
|
|
|
|
