Did anyone else knew this was going to happen? The chinese government may be harsh, but they're not stupid lol. I can see the price of bitcoin skyrocketing after they let exchanges happen again.
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Honestly, it really boils down to due diligence. I do tons and tons of research before even committing.The benefit of those channels is quick feedback on what you're currently looking at.
Most of all, look at the whitepaper, market fit for the idea, team/founders, and proof of concept somehow. Nowadays it's really hard to be sold on an idea that will be finished development next year.
The recent token i'm went in on, I found out about it on facebook. I'm glad I learned about Cybermiles because I had been talking about a token like this for ages, but every one that came out just didn't have everything the ecommerce market needs. Telegram and facebook are great places to hear up and coming but you have to research yourself.
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Yes, I agree. It can be considered capital gains. At least that is what it is in the US. I recommend trying to do the most research and finding a lawyer and accountant
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Out of all ICO's this one has the most credibility imo. Aside from Mark Cuban, they have a platform that's been around for 3 years. Most ICO's barely have everything in place by the time they launch their ICO.
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It's not legal, but legal at the same time. Just watch out when your amount gets above a certain amount where it can get suspicious.
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I wish this world existed, but it's too much like utopia. You have to consider greed and power that play huge factors in nations. Plus, taxes are for developing the nations. If we don't pay taxes, who's going to pay for the roads?
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#HODL
Planning on buying Bitcoin later today once the funds come through and some ETH since that's pretty low as well.
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I agree. It's not on me, so I'm not going to declare it.
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I definitely agree. Bitcoin can only solve problems. The biggest obstacle would be how to regulate it and track it, especially for the IRS. Every country runs on tax money.
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Crypto does need to be regulated. Our government is run by the taxes we pay. And how they collect is through everyone's income. For anything like crypto to be big, the government has to approve and regulate...sadly.
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