62
|
Alternate cryptocurrencies / Altcoin Discussion / Re: More and more airdrop is a lie,
|
on: July 11, 2018, 07:36:59 PM
|
More and more airdrop is a lie, I do not recommend participation in airdrop, because there are at most a few 100 airdrop quality, so I think it should not be a waste of time.
This is the reason why I have stopped participating in them. Because they give almost nothing in the end. So it takes your time and effort and gives you $5 initially.
|
|
|
63
|
Economy / Economics / Re: How does bitcoin become a currency?
|
on: July 09, 2018, 04:25:11 PM
|
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I am fan not an expert in this area, but for me it's logic that bitcoin needs to be regulated for being more stable, then it needs to became a worthy payment method, and only after those steps it can became a currency like we had a dollar right now.
|
|
|
67
|
Alternate cryptocurrencies / Altcoin Discussion / Re: Girls in the world of crypto currency
|
on: July 06, 2018, 07:20:27 AM
|
I have been trading crypto-currencies for almost a year now, investing, participating in bounty companies and building my own mining farm. I wonder how many more girls are in this forum? Or who of the guys is teaching his girlfriends and wives to invest and trade in crypto-currencies? It is very interesting to me!
They are not so many in my opinion, I`ve seen some guys who claimed to be girls, lol. But anyway, Boys are first in all the things around the globe, and crypto is not an exclusion.
|
|
|
68
|
Alternate cryptocurrencies / Altcoin Discussion / Re: Should I continue to invest?
|
on: July 06, 2018, 07:20:12 AM
|
I had invested one ICO previously, it failed although I didn't contribute a huge amount on it. A news yesterday made analysis on blockchain ICO projects, mentioning 92% of these ICO projects are failed.. Should I stop investing the others or any really potential ICO suggest?
Yes, you need to master this skill. You need to be constantly looking for a good ICO to invest in, so this is life =) Sometimes we will fail, and it is normal.
|
|
|
70
|
Economy / Economics / Re: Tax on the crypto currency! What do you think?
|
on: July 05, 2018, 04:03:50 PM
|
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? My country they have not issued the law which would put on their taxes my cryptocurrency income, but when they would do and if they would make it affordable and Wise I think I would not be against it.
|
|
|
72
|
Alternate cryptocurrencies / Altcoin Discussion / Re: Buy or Sell...???
|
on: July 04, 2018, 11:17:18 AM
|
Market going in very deep stress level so many people are confused what they do with present market situation. Because nobody now when market will start in up position.But according to my opinion this time is not of Selling just wait and watch the market and enjoy this time with your family because in few months market will start up trend.So this time no need to sell. But if you want to invest more money in Crypto market this is the right time.
Last few months of 2018 are really so uncertain and unstable, but I think that this is the wrong attitude to be on the boat opposite sides and making decision to sell or to hold. You should always be analysing the market instead of thinking what could I sell or what can I buy.
|
|
|
76
|
Bitcoin / Bitcoin Discussion / Re: Why Bitcoin isn't a legit currency.
|
on: July 01, 2018, 09:38:50 PM
|
Well done article. But people believe in short stories about the success of earning money from nothing. They don't check the information given on the internet and put their money into the air. And only then learn everything about it.
|
|
|
77
|
Economy / Economics / Re: The Future of Cryptocurrency
|
on: June 29, 2018, 04:56:21 PM
|
Crypto currency has a greater future no doubt and we have already seen it since the inseption of Bitcoin in 2009 ehen its value was below a dollar and now above $8,500 as at time of this post.
I am persuaded that bitcoin and blockchain needs to have some extra qualities, And probably the next generation of blockchain would have those to be compelling for some new investors
|
|
|
79
|
Bitcoin / Bitcoin Discussion / Re: Why do we need to regulate digital money
|
on: June 28, 2018, 07:36:57 PM
|
Day by day is an event for us and day by day the change we make is changing so that each time we fit into bitcoin life too they need to be changed to grow we need to regulate digital money
I think if we would not regulate and take care of digital money then we would face all the different filthy things that people would only invent. Because if something is not regulated by law people are in renting 1000 Ways how to deceive each other with that. Look on ICO.
|
|
|
80
|
Bitcoin / Bitcoin Discussion / Re: What happens with my crypto when I die?
|
on: June 28, 2018, 07:36:37 PM
|
Silly question right? Unless there is a backup method or heritage system it obviously vanishes for eternity, but the point was to discover methods that you are aware for avoiding such risks. Well, it's not a risk, it's a certainty, but there are other risks of losing access to the crypto account aswell. Some like: * death... obviously * house burns down along with hard wallet * one can accidently loose his cold storage or hard wallet * maybe other you figure out and I add them So, what storage do you use to ensure your savings, or what do you think would be the best solution to overcome these risks? UPDATE: I started this discusion because I can't see a decentralized solution for that, most of the centralized ones are largely known (wills at layers, online wallets and so on) but do not meet the security criteria as still imply a trusted party. Better simply handover the private key directly to the inheritant IMO. What I want to determine is if it IS realy a concern for the comunity or not, and if yes than we can contribute all together to the creation of a such product. But again I realy do think it should be built decentralized and trustless. If I was about to die tomorrow, I think I would go to the lawyer and give him the envelope with my private keys and all the things needed to have an access to my funds, and then I would officially leave that as heritage for my children.
|
|
|
|