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I don't have lot knowledge about different things about legalities or some government things.
I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.
I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.
Well this will be a good implementation . But some legal steps should be implemented . As we all know bitcoin transaction is completely transparent because it is based on a blockchain platform. But the worrying thing is that it cannot be traced. So each wallet should be verified with their identity in an organisation. So that the confusion can be avoided . And it will be grate if they payment will be paid in ripple ( XRP ) for better surety of transaction because of tag number. |
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Well Bitcoin cryptocurrencies will help those people a lot who cannot access or difficult to access bank system. They can store their earning in crypto wallet, which is absolutely free of cost. A country need good bank access facilities and some remitances for good development.
Recently we heard a new that Latin american adopt bitcoin. This is a big boost for crypto market. According to geographical cryptocurrency report Latin America adopt bitcoin due to remitances need ( which is to be needed for development ) difficult in bank access. The local people of Latin America have some uneven income, for which they face some difficulties to open a bank account and to maintain the bank account. That's why they came to cryptocurrency and maximum use / deal with the stable coin only.
And another main reason according to me to come into the cryptocurrency is that.....
cryptocurrency is limited, there is no doubt the price will always like a moon. But in the case of fiat currencies , these can be printed at any time. just for an example Venezuela and Argentina. Some countries are like they distribute money like HELICOPTER MONEY . This is how fiat currencies devaluation.
So blockchain is future and it will help a lot to the Mankind. Always
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I wonder how much the gap price will be when you buy bitcoin at p2p exchange? Is it the big gap price until more than $10 or $100? I still prefer to buy bitcoin from the local seller or local exchanges, at least, when I purchase on that way, I know where the address of the local seller or where the office of the local exchange, so I don't have to worry if I will get a scam. But we have a different method of how to buy bitcoin, so we can choose what we like.
But not many new people will use p2p exchange as they want to buy bitcoin without waiting for a long time. They will select what they want without getting force by any people.
Well there is a website where all cryptocurrencies like Bitcoin Eth Xrp and all valuable cryptocurrencies are available in 50% off . yes sir you heard it right. At first i also shocked. But i never tried it . The site name is crypto.com . In that website there is a platform named syndicate where every cryptocurrency is available in 50% off. You can crosscheck it. https://ibb.co/f4G7WqK( i shared this for knowledge purposed , Kindly do some research before step ahead. Thank you ) |
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Well to be honest most of the price of cryptocurrecies not exact in coinmarketcap. That's why coingecko is there to crosscheck price. And i am also worrying about the Total supply and total marketcap of some cryptocurrency in coinmaretcap. The ROI of some cryptocurrencies also not exact. People usually invest for the long time by checking the ROI of that perticular cryptocurrency in coinmarketcap. And unfortunately the ROI facility is not there in coingeko to check the ROI.
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It is a serious topic which we should worry about. Actually scammers are already figure out the weak point of human being. The weak point is GREEDINESS . They will give a lots of scheme to grab/ steal Your assets. YOU are talking about SpaceX, inface the exchange latoken also promote SpaceX . I mean to say on the ground reality no one there to crosscheck. There is no doubt profit is huge in cryptocurrrency , but scammers also huge in numbers.
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Well actually some points are come.
bigwhales
bitcoin miners
Some signal provider channels
some influence youtubers
because of them the price of bitcoin fluctuat a lot. As we all know Big whales play their game by spreading some panic news . BITcoin miners wont get profit from mining, the generated profit only capable to recover the electric bills so the usually usually trade in heavy amount. As we all know when the buyers wll come in huge number , the price will increasing. So some signal provider channels and some influence youtubers also do the job to get profit. Recenlty we can heard about how dogecoin price pumped because of one TikTok video. So these are some fact Bitcoin is so unstable.
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Exactly. blockchain is future technology. Blockchain help to build a block of transaction in a ledger pattern. Now a days everyone wants to handle their own finance related work of their own and as we all know Blockchain is totally transparent. It means one can see how much assets is stored in the address. So these things attracts people a lot. After all noone can stop technology, Blockchain should be implemented for more transparent for the firm to help the investors to make any decision.
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Well bitcoin is a public property till now ( because no one has the code of Bitcoin except Satoshi Nakamoto). And as we all know how valuable the bitcoin is , no one knows where is Satoshi Nakamoto. Now a days specially the whole market is manipulated by Big whales , some crypto signal channels and some youtubers. I will tell you how it works.
As we all know if buyers come to market in huge number the price will go up and if the huge number of sellers will come out from the market , the price will come down. Some year ago, Big whales just manipulated the whole bitcoin market by playing with peoples emotion and by spreading panic news. To counter this , some channels and some youtubers also started providing signals. That's why the price prediction of bitcoin is kind of unpredictable , very less technical analysis will work ( possibility). So no one decided the price tag of bitcoin . Its totally based on supply and demand.
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Well we heard about this word " Bitcoin mining " and "Gold mining". Till now we cannot figure out how much gold is reserverd in the earth. The mining process is kind of expensive that's why the ratio of mining vs demand is comparatively less. On the otherhand bitcoin is limited . No-one cannot generate or own bitcoin like a private property except Satoshi Nokamoto . And after some interval of years the reward of mining is getting less , because of supply and demand. That's why Bitcoin is a Digital Gold. And i heard about a news in the year 2019 in every social media that to ensure bitcoin nd dogecoin code will be safe , these codes will be stored under under the ground in a Island.
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