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1  Bitcoin / Bitcoin Discussion / Re: Do you agree that Bitcoin is nearly to be just like another business? on: September 09, 2018, 10:32:06 AM
Yes I agree with that statement, we all know that bitcoin give us privilege to be a balance level of life, but what if we recognize bitcoin as a business do you over think with that? for me I consider it as a business because It gives me a money and more knowledge especially the topic about economy.
2  Bitcoin / Bitcoin Discussion / Re: I'm leaving Bitcoin on: September 09, 2018, 09:23:51 AM
I hope someday you won't regret it, and I think you have a money that bitcoin has given to you, or you save enough money for your entire life. quitting in bitcoin is depend on the person who used it, you may back where ever you want because you have an account that you can use to continue what you have done in bitcoin.
3  Bitcoin / Bitcoin Discussion / Re: What if Government bans Bitcoins? on: September 08, 2018, 06:11:19 AM
If that thing will happen I really don't know where I can get additional income in future, the really things here is when I was entering in bitcoin, I have so many plan in my life that that bitcoin is part of it, and I can't imagine my life in the future without bitcoin, because bitcoin is the answer of all my payments and if hat matters will disappear what will I do.
4  Bitcoin / Bitcoin Discussion / Re: Are you aware that some Banks accept Bitcoin? on: September 08, 2018, 04:30:11 AM
As a beginner, I don't have any idea about the banks who can accept bitcoin, but I have an information with regards to the converting a money to coins and you can withdraw it in security bank. So far, this is the only information that I have, but I think someday it will happen and it is not impossible to happen, but there's a lot of processes to do it.
5  Bitcoin / Bitcoin Discussion / Re: They want you to panic :-> on: September 06, 2018, 02:01:16 PM
Yes it is true, they always do it to make you feel panic, then afterwards you will sell all your tokens because you think the price of tokens decreasing but the thing is it is fake. For some reason they always do it to earn more tokens in lower price and they hoard it and wait until the price getting higher then they sell it to get a big amount of money. Just be aware of what happening it is important to know that many participants do it to gain more money.
6  Bitcoin / Bitcoin Discussion / Re: Is cryptocurrency so difficult to understand on: September 06, 2018, 01:11:09 PM
For me, when I was starting entering to the world of digital currency It's really difficult for me to understand what cryptocurrency is, but for now I progressively understand what it is, just give some effort to understand what it is, you will understand it if you have the willingness to know what it is.
7  Bitcoin / Bitcoin Discussion / Re: BITCOIN = FUTURE on: September 04, 2018, 05:40:43 AM
I believe that in future bitcoin is legal and it is proven by some of other countries whose legalizing bitcoin. In the future bitcoin is normal because bitcoin has good effect in our society. In addition, one of the benefits of bitcoin is to lessen the holding of money. instead of holding more coins, paper money thru bitcoin you can manage it easy.
8  Economy / Economics / Re: How did Crypto help you out? on: September 04, 2018, 04:45:44 AM
It helps me in terms of my necessity, when I enter to the crypto world I always realize that I'm blessed because bitcoin give us the power to live and be happy with the use of virtual money converted to physical money. furthermore, not only a money given to me but the knowledge about crypto because I realized that If bitcoin will be legal in a particular country the economy suddenly getting higher.
9  Economy / Economics / Re: My Advice on Investing in Crypto on: September 03, 2018, 03:27:19 PM
If you're investing in bitcoin you should be aware to your environment, be active and follow the instruction or advice of other higher position because they have learn a lot so they clearly understand what cryptocurrency is. they may give you some tips how to prevent any fraud by other, because money is too fascinating many people around us need money so there is a possibility that they want your money too, they may steal or rob it to you that's why you should be aware of what happening in cryptocurrency because many fraud people are involving there.
10  Economy / Economics / Re: Why we must study Economics at University? on: September 02, 2018, 12:46:31 AM
the essence of studying economics in different universities is for us to be aware what is happening to our economy, not just informing us but also for us to adjust what is happening in our society and to know the status of what is really happening, there is low economy or high economy with this, we may classify where are we belong.
11  Economy / Economics / Re: WHEN WILL PEOPLE LEARN? on: September 01, 2018, 10:01:16 PM
People learned when they really realized that they are understand the rules and regulations of the forum. They also learned, when they are give some effort to post in forum and spending time with it, make some search about the topic that they want.
12  Bitcoin / Bitcoin Discussion / Re: the benefits of managing bitcoin on: August 30, 2018, 07:15:15 AM
for me, one of the benefits of bitcoin is make your country to be rich. The perspective of others about bitcoin is full of scam, illegal or any other false information about bitcoin but they didn't know that bitcoin is the answer of the destitute country or to the individual who are in low level to be rich. Another benefits of bitcoin comparing to other physical money bitcoin is easy to manage.
13  Economy / Economics / Re: Why spend time in bitcoins? on: August 28, 2018, 02:48:25 PM
We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
We need to spend our time in bitcoin, because we have different campaign that we need to do our tasks. You can't do your Job if you don't spend your time, like in bitcoin you can't earn some money without spending your time with it. this is the reason why you are here, because you are spending your time, you are posting and participating to the different matters here, as long as you are here you are spending your time even it is little.
14  Economy / Economics / Re: Cryptocurrency on: August 19, 2018, 09:20:35 AM
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
It would require investment I figure, it needs a strong framework that can shield from wrongdoing conduct, yet in the event that we see cash in return framework is really in view of trust between two gatherings, cryptographic forms of money could be the future "cash", since trust in fiat cash is chosen by one gathering, the bank, yet in cryptocurrency a great deal of "individuals" choose whether your record is genuine or not, and I feel that would be the fundamental idea later on.
15  Bitcoin / Bitcoin Discussion / Re: What if someone bought up all the existing bitcoins? on: August 17, 2018, 12:41:19 PM
Hi, I am a noob to all this bitcoin stuffs. It sounds like an interesting idea but before I invest too much into it I have
some questions and concerns. Perhaps highest on my list of concerns is the possibility that someone will buy up all,
or most, of all the bitcoins that exist.

Will it be just like the existing economic system where the rich get richer on the backs of the poor?
Will that not destroy the whole bitcoin project and make whatever bitcoins I happen to get myself worthless?

I have read a few things on this kinda stuff and some of it sounds pretty scary. I don't know how much of it
is FUD or how feasible any of it is at all at all.  

Please help me understand and ease my mind in regard to this issue.


Thank you
Also, what happens on the off chance that somebody purchases up all the cash in this world? All things considered, suppose, however then endeavoring to purchase all the bitcoins, the purchaser will just stop their cost to the roof and, while proceeding to purchase, will spend all that he paid for purchasing bitcoins.

Not all bitcoins will be set available to be purchased. bitcoins were initially a decent method to spare cash and in this point of view there are now numerous individuals in the bitcoin network who are not prepared just to part with their bitcoins. And additionally gold, nobody can purchase those bitcoins that will long be blocked off for procurement.
16  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency could help your business or not? on: August 13, 2018, 09:53:05 AM
I was doing some research online and I stumbled on this kind of news. https://news.bitcoin.com/since-embracing-bitcoin-robinhood-app-value-jumps-to-5-6-billion/

The article said that robinhood app after embracing cryptocurrency have its value jumped to 6 billion dollars after embracing bitcoin. This is a good sign that more and more people are engaging into bitcoin. If more business will enter into the world of cryptocurrency and will bring back the original purpose of cryptocurrency as a medium of exchange rather than just and object of income and a trading item then surely we could revolutionized the world of finance and economy.

With robinhood as an example do you think there will be more business online that will boom and will not go bankrupt due to cryptocurrency?

I guess its hard to determine such facts base on one example so let us wait for the future to unveil itself.
Digital currency empowers us to execute an incentive between peers without a brought together specialist. It gives a less expensive, speedier and more effective other option to conventional installment systems. As an organization, tolerating digital money installments is winding up progressively proficient, saving money on charges and bringing quicker settlement. Before long, new businesses will never again need to experience the long procedure of setting up a business financial balance to get and appropriate assets.
17  Economy / Economics / Re: Tax on the crypto currency! What do you think? on: August 11, 2018, 06:15:31 AM
There are several tax options today, and all of them can be applied to crypto-currencies, depending on how the latter are defined in the state. Most often, the following taxes are introduced:
  • Value Added Tax (VAT). It can be levied by trade operations made with the help of crypto currency as a means of payment, as well as currency exchange. Basically - the exchange of crypto currency for fiat money, but in theory VAT can be levied on the exchange of crypto currency between each other. It operates mainly in those countries where crypto-currencies are recognized as a payment instrument, for example, in Japan. When buying goods and services for cryptocurrensies, VAT will also have to be paid to the residents of the UK, but they can exchange the crypto-currencies for fiat without paying VAT.
  • Tax on goods and services. A kind of analogue of VAT for those countries that have recognized crypto-currencies are not a means of payment, but a commodity. Acts on the same principle as VAT. Only in the case of VAT, the taxpayer is in fact a buyer, and in the case of a tax on goods and services, a supplier of goods and services, in this case a holder of a crypto currency. He has been working in Singapore for several years. At the beginning of this year, a similar system was adopted by Israel with respect to the mining, which was equated with the production of goods.
  • Personal income tax. Personal incomes in crypto-currencies are taxed, for example, the salary paid by the employer in bitcoins. Implemented, for example, in the US.
  • Profits tax. They are subject to any companies that make a profit. Also, they are subject to profits earned as a result of trading on the exchange and the performance of other currency transactions. In the cryptosphere, this system is used specifically to tax the crypto traders and various crypto-currency organizations (from the exchange of crypto-currencies to the pools for mining). Mining may also be subject to profit tax. In the US, for example, take into account the profit from crypto-activity in the tax declaration will have to be traders and miners, and all people who somehow earn on crypto-currencies as a result of speculation. The same tax is levied on all crypto-currency transactions made by legal entities in Australia and Japan.
  • Capital gains tax. They are subject to income of individuals and legal entities obtained as a result of investing in shares, bonds, securities, valuable assets and so on. In the cryptosphere, it starts acting as soon as the crypto-currencies are equated to valuable assets. Not only investors fall in, but all holders are also crypto currency. This system is implemented in the US, where it matters how long the holders of crypto currency keep them and in what quantity. He also works in Australia, Brazil, Canada and in many EU countries - Bulgaria, Finland, Germany, Spain and others.
  • Property tax. For the cryptosphere, it becomes important when the crypto-currencies are recognized as property, a valuable asset that is owned. As soon as such an amendment is made, the holder of the crypto currency is required to notify the tax service of all transactions concluded with this asset. Such an amendment was introduced in the US tax legislation, where the crypto-currencies in this case are presented as a valuable asset, and in Australia, where they are recognized as property.
What do you think about the taxation of cryptocurrencies? Which model fits best?
It's obviously not possible to control cryptocurrency flows and therefore tax them accordingly, but they can easily track every single dollar/fiat/whatever currency that's collaborating with an exchange, then see how much fiat you spent in a single currency.

When you want to cash out to buy real state or something, you will need records of all of your trades and crypto accounting, so try to keep track of that. I have lost some of my history in trading due dead exchanges and now I'm worried about that. This has happened to a lot of people and I wonder what they did about it.
18  Economy / Economics / Re: bitcoin in developing countries on: August 10, 2018, 08:35:55 AM
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
Bitcoin has a decent reaction in numerous nation. Bitcoin will assist those nation with overcoming their money related emergency and furthermore help to constructed a solid monetary in those nations. In focal Africa nation like Kenya, Zimbabwe and so forth taking the advantages from bitcoin through Bitpesa Wink. This application help them in their exchange and in numerous other thing too. Bitcoin principally lessen the joblessness issue in those nation by giving employment in their nation people.Bitcoin additionally give its mining help in those nation to make their own particular Bitcoin. With the assistance of Bitcoin they can purchase anything from Internet. Indeed, even those thing which are not sold in their nation Wink Smiley
19  Economy / Economics / Re: Is Bitcoin a Bubble? on: August 10, 2018, 05:30:17 AM
Wall street grows ever more certain Bitcoin is a bubble. I can't even say they're wrong. Flirting with $6000 per coin and low economic utility? For as dumb as Jamie Dimon sounds every time he says anything about Bitcoin, the tulip bubble analogy looks less and less inappropriate all the time.

Quote
In a note to clients published on Thursday, analysts at UBS took a long look at Bitcoin, cryptocurrencies, and the blockchain technology that underwrites this whole enterprise.

Looking only at pricing, UBS said that, “a twenty-fold increase in bitcoin prices in just two years, and an absence of any fundamental economic backing, cryptocurrency prices are almost certainly a bubble.”

Blockchain utility doesn't make crypto not a bubble. That'll be important to remember for people buying now expecting to make big gains at this cost basis, and there's real risk there.
Everything must arrive at an end the inquiry is to what extent, however it doesn't have any significant bearing to Bitcoin. On the off chance that we keep pumping and pumping, at that point it blow and burst like rise, to keep from this to happen. we have to change the energy constantly, much the same as market revision and market swaying like waves, it is much the same as making a breathing example to manage for a more drawn out time frame. Since the starting bitcoin was a rise as indicated by the specialists.
On the off chance that you are an early players of bitcoin you will truly know whether it is bubble or not, once it will blast you won't lament bitcoin in light of the fact that you were there amid its ups and down like riding an exciting ride, a getting a charge out existing apart from everything else until its final gasp.
20  Bitcoin / Bitcoin Discussion / Re: Do you think we don't get quality Bitcoin users anymore? on: August 09, 2018, 04:16:01 AM
Maybe I'm wrong but I have the feeling that with Bitcoin price growth we have got a lot of new users who are not honesty and passionate interested in Bitcoin but only in fast, instant profit and if they don't get it they got disappointed and give up. Some of them don't even bother to get some basic knowledge about Bitcoin and cryptocurrencies in general. That is also the reason why we see so much panic selling when the price dumps. Is that only my feeling or do you think that also?
Couldn't concur with you more. Bitcoin holders in those days truly knew a considerable amount about bitcoins than a large portion of the general population today. Since a considerable measure are just into bitcoining in light of the benefit they hope to get. Amd basically on the grounds that, they simply need to be in the new pattern and not get left behind.

Knowing human instinct, this was at that point bound to happen from that point onward. Since individuals will dependably exploit all that they can for whatever length of time that it is beneficial for them. Some don't considerably try to quit exploiting except if things get revolting. That is exactly how things function in this world.
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