As of now, bitcoin prices are still on the $8,000 mark. From time-to-time, the price changes due to its high volatility but I consider TODAY as an opportunity to buy more coins. Personally, buying and holding would be the obvious choice and I am basing this decision on the price history chart of bitcoin. Who knows, maybe by next month prices would skyrocket up to $10,000 and that would yield me profit.


To be honest, bitcoin prices are very volatile as of the moment but take this as an opportunity to buy and hold coins. I doubt that prices would be stable at some time given that a lot of countries are starting to regulate cryptocurrencies in general.
Also to maximize profits, you need to be updated to the recent price gaps to avoid losing most of your investments.

Firstly, tax imposition on cryptocurrencies primarily depend on the laws you have in your respective country. All countries have their own stand against the regulation and tax imposition on cryptocurrencies; your obligation now is to be responsible and diligent enough to at least check if your country approves on cryptocurrencies. But in general, I believe that cryptocurrencies in general aren't taxable due to their decentralized nature which makes them the perfect medium for transactions.


Yes, it really depends on the country's law regarding cryptocurrencies. Just to add, if cryptocurrencies would be taxable then expect prices to decrease on a certain level. The prices also may be controlled in some-point, which makes it no different from other investment options.

Like the title suggests,
the decision primarily depends on your financial capacity as an investor and your goal towards your investments. Holding might be a good idea considering that your aim is for its price to furtherly mature, others might have a different perspective especially when their they have limited capital. Personally, I find buying bitcoins beneficial as the current prices on the market are down. Rather than complaining about its significant price decrease, take this as an opportunity to invest and to yield more profit by acquiring more coins, subject to the capital that you have.

Personally, gambling is an addiction that has been a problem to most individuals relatively. While your experience might be different, most people are having a hard time quitting from gambling due to their mindset that it may resolve their financial problems. Others find gambling as a form of leisure and as something that helps them unwind from their problems.


Hats-off to you for at least realizing that gambling may only make your problems worse. Though there is still that potential of you coming back, at least there exists this moderation towards your addiction in gambling that may mitigate your damages in the long run.

Speaking of banks and the government, I saw a thread earlier discussing about France's implementation of strict rules and regulations against cryptocurrencies. The prime minister told the central bank to issue some prohibitions, which relates to bitcoin being a gateway towards money laundering, tax avoidance and illegal transactions. The table summarized and showed the implications that may happen in the near future and currently, the government of some countries are slowly attacking it.


Personally, I believe that implementing laws and imposing tax on cryptocurrencies are the simplest form of control over it. But be reminded that while some countries are beginning to be tough on regulations, there are also some countries that are lenient towards cryptocurrencies and does not consider it as a 'threat' (like Singapore, Japan, Philippines, etc.).

The phenomenon that happened in South Korea reflects the current situation of France, meaning, they will be strict in terms of its transactions due to possible abuse of its nature. Similarly, both countries see bitcoin as something that can be potentially abused by individuals in order to avoid paying taxes (which depends on the laws per country regarding its imposition of tax in cryptocurrencies, if any), to use its anonymity factor for illegal transactions or for money laundering.


Every innovative idea has its implications in the system when implementing it. While bitcoin may be considered as a 'threat' to their country, we cannot hide the fact that cryptocurrencies may inevitably replace fiat in the future. We must also consider that there are still countries who are under-developed and are still miles-away from adapting to a digitalized form of currency but you guys are right. In order to progress further, these countries must embrace change and start making platforms that support this ideology.

Well, there's this specific threshold I am waiting until I cash out my bitcoins in the future. Every investor has their own plans on their investments whether for short or long-term goal and that is why I believe that in the near future, I personally believe that bitcoin prices will start to skyrocket once again after 2018. Just think of this way, some countries in Asia including Japan and Singapore are starting to see bitcoin as something that is beneficial to the society. Singapore just mentioned that bitcoin is not a threat to their economy YET (will post the links below for future reference).

Just to add, bitcoin being a digital currency and investment is an intangible good which may be the future of payment transactions in the future. While I do believe that it is very idealistic, soon countries will slowly adapt to the digital aspect side and bitcoin may be the gateway towards this stepping stone.


I believe that almost all investors want to profit from their investments and that provides for the reason on why people hold. The exit strategy may differ from each individual but all of us have a common goal- which is to gain profit. While I also believe that holding is indeed a preferable move in the market, there are also a variety of options in order to maximize your profits by not just HOLDING it. Here are some of my suggestions:

• In order to at least increase your profit for long-term, you may increase their capital investments from a part of our monthly wages;
• Trading may be a good source of earning extra-income but be mindful of the risks before you engage;
• Being part of a signature campaign may give you an extra-boost as it rewards you with bitcoins/weekly by contributing in the forum; and
• If you have the necessary skills under the services sector like creating signature designs or anything that is relevant to service, then you may offer them payment for it.

Link: https://cointelegraph.com/news/singapore-confirms-it-will-not-ban-cryptocurrency-has-no-risk-concerns

I read the articles and based from my understanding, Singapore has yet to ban cryptocurrencies since they believe that it does not pose a threat to financial conditions at the moment. Though this may be conditional upon the cases against cryptos, as of the moment they see it as something that can be beneficial to the society while accepting the risks of it (i.e. losing all of your investments due to carelessness or due to being too confident).


This is definitely a good start to begin with considering that Singapore, a highly developed country, begins to view cryptocurrencies as something that bring no harm YET. Like you mentioned, Singapore is an influential country in Asia together with Japan and they may break the stigma of cryptocurrencies as a threat to the government and to the country. Though we cannot hide ourselves from the fact that the transactions are indeed anonymous, personally I believe that the advantages that it brings outweighs the disadvantages and implications.

I really do not get it on why it is productive to constantly check bitcoin prices as it may be the indicator on whether you should acquire or sell bitcoins to maximize profit and minimize losses. The funny thing is, the ones who complain into NOT investing when the prices were around $18,000-$19,000 are the ones who are saying that today is the end of bitcoin. The irony and their logic somehow bothers me in a way that they do not fully understand on how cryptocurrencies work!


First of all, the rise and fall of bitcoin's price is natural phenomenon since we all know that it is very volatile. Second like what I said earlier, examining the price of bitcoin is NOT unproductive since it makes you updated to all the recent news that may affect your initial investments or future plans. Lastly, exchanging your bitcoins to tangible assets may be a good idea but it primarily depends on an individual towards his/her goal.

I beg to disagree.
While you may be correct that most third-world countries have insufficiency of internet access and a less-developed technology compared to first world countries, people would exercise all the means in order to alleviate themselves from poverty. This is true to most cases in third-world countries, including India, Philippines, etc. Most people that I know from those countries are knowledgeable about the cryptocurrency world and they share it among their friends. They even hold free corporate meetings and events just to spread the good faith of earning additional income.


The problem with some third-world countries is the underdeveloped technological standards which hinders them from accessing through the internet or having a working computer to begin with. Some third-world countries also follow the barter system of payment and that is why I believe that bitcoin is not for every country YET. Maybe in the future once we develop and advance through globalization, these countries would not be left-out.

The reason on why government imposes tax on almost everything as this fuels their expenditure for the developments and improvements of infrastructures, provide funding for departments and bureaus, provide job opportunities, etc. Though the problem lies with cryptocurrency being taxable or not since most countries does not provide laws for it. Tax imposition is always a double-edged sword towards a working individual, especially when the corruption occurs inside these government agencies.


Cryptocurrencies in general are not taxed due to its decentralized nature. It'll be hard for them to regulate transactions at the blockchain and impose tax on something that is volatile.

The reason on why bitcoin has been banned to certain countries is due to its decentralized nature meaning, no government entity or institution can regulate it. As bitcoin is being used as the main medium of exchange under the dark web, a lot of individuals are abusing its nature by transacting illegal goods, things, and services. You can check out this article as this shows an example of bitcoin under the dark web: https://www.thebalance.com/what-is-a-dark-market-391289


This is definitely true. Since there are insufficient laws catering to the transactions involving cryptocurrencies, the government cannot impose tax on something that they cannot regulate. Though these transactions may be beneficial to the economy, we all know that the government wants control over most things. Hopefully in the near future, cryptocurrencies may be accepted as a part for the integral aspect in the society, more importantly the economy.

Most bitcoin millionaires that I know are the individuals who risked their money way back in 2012. The fact that they risked large amounts of cash to something that is very unexpected to skyrocket (in terms of price) are sufficient enough to prove that they deserved it. Having knowledge in the economy aspect like predicting price drops, trading services, or investing into risky entities give you an edge against competitors in the market but that does not mean that every investor should know it. It is not mandatory but it is highly encouraged in order for you to reduce the chances of losing all of your investments.


That is the reason on why people who have the courage, determination, and luck deserve to be millionaires. I'm not only talking about the cryptocurrency aspect or investing in general, but to people who have sacrificed their efforts in order to reach their goals. Many have aspired to millionaires someday but only a few can work their ass-off in order to achieve their dreams.

First of all, let's consider the factors on why an individual (like OP) leave their job to focus on the cryptocurrency aspect:

• Focusing into cryptocurrency opens a lot of alternatives and options for you to choose from. You can either trade, gamble, or invest short-term depending on your preference;
• The profit that you may garner may be higher depending on your past job. If you are employed as a rank-and-file employee, then you may observe that monthly wages are insufficient to provide for your needs and wants; and
• You tend to have an advantage when it comes to investing or trading as you are aware of the current issues or news about the cryptocurrency world.

I have a friend who earns ~$5000-$6000/week due to trading his bitcoin and other altcoins in the market. But the reason on why he earns so much profit is due to his investments being big as well. He risks large amounts of bitcoin in trading while understanding that it might crash anytime. If you are thinking of quitting your job and pursuing this kind of service, then you should hope for the best and prepare for the worst.



One essential thing that most people take for granted as an employee is the skills, attributes, and knowledge they gain from work. This may be relative depending on your performance in the workplace but sometimes, money is not about everything. The thing with being an employee is that, you must understand that you need to start somewhere at the bottom before you reach to the management side. I know that everyone wants to be rich ASAP (and cryptocurrency may be able to do that!) but hard-work and patience are paramount for this to work.

The imposition of taxes are one of the key factors that increases the revenue of the government for expenditures, including development of infrastructure, budget allocation per department, funding for health bureaus and many more. Most countries around the world have the prerogative of imposing tax as its bread-and-butter for these enhancements. Most products and services are taxed as it is being regulated by the government.

The question of whether or not bitcoin transactions should be taxed by the government raises an issue of government regulation. We all know that bitcoin has this nature of being decentralized (which the government cannot regulate) which makes it almost impossible for regulation due to the anonymity involving transactions in the blockchain. But like what most people discussed, this HEAVILY DEPENDS ON THE LAWS ASSOCIATED WITH CRYPTOCURRENCY in general. If there exists no laws about the banning/imposing of tax, then we could say that bitcoin has the freedom on tax.


This is highly dependent per country as there are some factors to consider. Just to give you an example, the laws in my country relating to tax imposition on bitcoin do not exists. But bitcoin mining falls under the 'other income' aspect which makes it taxable. Some of my friends who mine pay tax to the government whenever they mine.

First of all, the presence of altcoins in the market answers your question about an alternative to bitcoin (that is why they are called 'altcoins) since they have their own technology and system, arguably better than bitcoin! Second, bitcoin in itself is the heart of the cryptocurrency world. There is also a reason on why its price is higher compared to altcoins as it takes advantage of the blockchain technology. One might argue that there exists this direct proportional relationship of its prices to altcoins but to say that the cryptocurrency world would end without bitcoin is too far-fetched.
As days come by, the advancement of technology rises and another system would soon inevitably take over bitcoin. Bitcoin is definitely sitting at the top, there is always the potential of losing its spot in the future.

Well to be honest, the problem with gambling primarily depends on your greed with your profits. People tend to gamble more regardless of their success or failure due to its nature being risky. There exists this endless illusion that when people lose, they tend to gamble more thinking that it may recover their losses but in reality, they only lose more money. Now to control one's greed for profit, here are some tips that I think may help some individuals:

• Only gamble the money that you are willing to lose and establish a maximum threshold for winnings or losings;
• LEARN WHEN TO STOP GAMBLING. This may be difficult as greed may overpower your decisions but think of the long-term effects of it;
• Do remember that gambling cannot always answer your financial problems or needs as it may only aggravate your situation; and
• Try alternative ways of earning instead of relying on a riskier method that may make or break your status.

Though I do understand that gambling is some form of addiction, please try your best not to be blinded by the money that you get from it. Like what others said, its nature depends on risk. You may earn tons of cash today but there is no guarantee that it will happen again tomorrow.

One factor that cause the decrease on the price of altcoins is bitcoin's price on the market. Do remember that altcoins are alternate coins which have a similar structure to bitcoin. Since bitcoin has been showing a constant decrease on its price over the past few weeks, altcoins on the other hand have this direct proportional relationship in terms of its price. Not to mention, country prohibitions and government interventions play a factor on its price too.

In my opinion, today may be the best day to invest as the prices are low. Do remember that before you invest into altcoins or bitcoins, you should treat it as your spare money and as something that you are willing to lose. Cryptocurrencies in general are investment alternatives riskier compared to other types due to its lack of collateral and security. But the proceeds that you garner are considered the highest and shortest (in terms of time).

Hi,
Is the campaign ongoing? From what I read, the ICO will begin to run again by January 26. It's been 2 days and the spreadsheet has not yet been updated. Any news for the status of the campaign?

Though regulation might be considered as a step-forward towards improved collateral and security in payment, this would also result to a more 'controlled' and 'less-volatile' price of bitcoins in the market. What makes bitcoin interesting is its decentralized and high volatile nature, which makes it the perfect vessel/instrument for long-term investments. As compared also to the other types of investment in the market, bitcoin is regarded as the one who gives the highest yield of income in a short-amount of time.
Regulation among the cryptocurrency world can be a double-edged sword, as one entity has full control of the prices and the volume in the market. This then, may be subject to fraud schemes depending on the price of it currently.