It depends upon the country, if the government of the country put tax on bitcoin means then you have to pay tax. But still the tax is not applicable for bitcoin in many countries. In some countries bitcoin is treated as one of the valuable assets. So they ask people to pay tax for bitcoin. But there is a chance for all countries will one day announce tax for bitcoin.
You right for now in some countries not many have implemented the tax system on bitcoin, but it is likely that for many countries to implement it, seeing the development of crypto and bitcoin is getting better and many people are adopting it, the government is certainly thinking about how to benefit for both |
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Why are all governments pro AI and are so against cryptocurrency? AI has been often conisdered as a threat to humanity but governments use it extensively but blockchain is the best thing that is ever happened to us humans and why do governments hate it so much? They are okay with driverless cars moving around streets but are not okay with currency that will make us more independent? Why this bias?
Governments are afraid of what they can not control. Of course governments hates what they can't control. Specially how big crypto is right now, just imagine millions of dollars going in and out of a country with the government helpless against it. That's why they wanted regulations, AML and KYC implementation and other steps to curb out anything related to crypto. China said that their decision to go hostile to crypto is effective, but I seriously doubt it. While Japan continue to step up and be the leader on crypto sphere. So we can't say whose winning right now. I guess this will be a ongoing saga for Governments to either adopt or reject crypto. bitcoin has an unstable value and does not include legal tender. Bitcoin is not an asset that can produce great value. Prices that cannot be predicted can create bubbles or bubbles in the economic system. Because the government knows they will not be able to fully control the cryptocurrency so what they do is try to hold and stop the development of crypto by prohibiting/bann it, but we know that it will never be able to stop the development of crypto |
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Crypto is a currency, criminals are humans. Money is used by everyone here on earth. This can be a criminal or can be a honest person, fiat or crypto coins can be used by any. If criminals can not use crypto currencies, what would you say to money launders. Crypto platform has been the most supportive platform for all who convert black money into white money. So this is upto an individuals to use the money.
Yeah that's what we have to admit that crypto is indeed the right place to money laundering from their corruption because crypto has an anonymous nature which makes all identities undercover, I think there will still be illegal transactions spinning in crypto, we can't hold it back |
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The older generation is accustomed to material values that can be touched but the younger generation has many virtual values.
Yeah that's the principle and view of older people, they prefer to invest in physical form, especially gold is also a commodity that has been around for a long time so they have been very confident in gold, gold is also mainstream among them, so when they want to invest, then gold the first is in their minds |
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Some of my friends don't have interest in it, some seem to do but they say it's too time-demanding and so on. I only have one friend who's really interested in crypto.
That's natural because crypto hasn't become mainstream and famous, so are many of my friends, they know I use bitcoin and invest in it, but they are not very interested, even though investing in crypto promises profit, I know the problem, they don't have an idea about what it is crypto, so they have not been interested |
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I definetly agree that the low price is great at a time however when the low price stays low for a long time than it costs us chances. I do not enjoy having low amounts of bitcoin and also keeping it at a low price as well, I need bitcoin to go up as well as go down.
Now I hate volatility as much as the next guy but without going up the low prices are not good all by itself. So yeah it is a great time to buy bitcoin however it is not great that it doesn't go up more than %10 at a time. We need a bigger spike and need a longer term for bull for it to stay there without that this low price is worthless all by itself.
Yeah we should see this low price as a good opportunity to buy, we must realize that this cheap price will no longer occur in the future, this condition is good because you can buy some bitcoin to add to your assets, I'm sure you won't regret it in some next year |
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Well, Bitcoin is really an investment, there’s no doubt that it could give a bright future to each of us. We just need to wait and watch how it will rise to the market and become accepted worldwide.
Because bitcoin was originally made for online currency then some people adopted it and saw its price grow very fast, then some users use bitcoin to trade, and continue to investment, bitcoin has many beneficial functions dude. |
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Bitcoin affected me in the most positive way, because I began to earn well, and this was my biggest goal in life. And it is the fulfillment of this goal makes me happy.
For influence, I think most users get a positive influence on their finances, but we know that bitcoin is at risk as prices fall very quickly and maybe it will hurt you very much, and if you don't get ready it might have a bad effect on you like your psychic shaken, or your head is dizzy |
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Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
if we still continue to promote and say good words about it I think the government will regulate the bitcoin and if they see that bitcoin is not a gamble it may happen. But if there are still who are saying negative about the bitcoin then the government will not accept it to be regulate we will have a difficulty to let the government to regulate it. Whatever the current conditions, sooner or later the government will definitely make regulations for bitcoin, they will not be able to stop the development of bitcoin, and what they can do is work together so that users can be controlled so as not to harm the country later |
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Hardly. I actually don't believe in existence of stable incomes in trading sphere because even bots cannot survive well such shaky atmosphere.
I agree perfectly with you. The risk of trading now is huge unless one is a wizard. FUD is everywhere and TA is really not realible like before especially during the bull run. The alternative is to consider investing in a solid project with huge potential. To get passive daily income I think it will also be difficult unless you have a lot of money to spend in lots of altc, but if you look at the volatile market movements, it is very possible you can get weekly income even though the income will not be stable, but by continuing to trade and holding, I'm sure that income can be obtained every week. Hold can be used as passive income, if you have a large capital you can buy a lot of coins and hold it to make it a passive income, but you have to know the risk will be big enough, For trade you can't make it passive income unless you use a bot for trading |
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The biggest regret is when I bought bitcoin at the bottoms of 6300, then he went to 7400, and then for a couple of days off he went back to 6300)) And unfortunately he did not set the stop.
Lol I think there are already many threads that say not to be greedy in trading, you have to know when to sell and hold, don't be too greedy by holding on for too long especially when market conditions are still in bear trend, try to use the best opportunity as possible |
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Hold is advisable depends on market situation. Holding coins is good if the market is down but if the market is normal and keep increasing much better to hold it in a short time to make more profit.
Yeah adjust to market conditions and situation, not always holding is the right choice, especially if the market situation continues to deteriorate and prices will continue to fall, maybe holding is a bad idea and selling a good idea and you can buy it at a lower price, which most importantly adjust to the situation dude! |
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In as much as I am a strong crypto fan, I also believe it will be highly suicidal if we decide to totally eliminate the fiat currency. Countries will no longer be able to plan a proper budget with crypto alone due to market fluctuations.
Of course it is suicide, we cannot use and depend only on crypto to pay for daily needs? Moreover, not many parties accept payment with bitcoin right? of course elimination fiat will only complicate your life, except if bitcoin has been accepted wherever it will be different story |
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I think investing in bitcoin will make you more profitable, investing in real estate is safer. If you have a lot of money, invest in both.
Thats good advice, if you have a large capital you can use both, allocate more funds to a safe investment, you can choose real estate for your main investment, and invest in bitcoin for your daily profit, I use that strategy actually, and its more safe and more profitable |
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but you must have a good decision when everyone starts leaving we also have to be careful in taking the opportunity, don't be greedy because that's not true, greedy people will only result in big losses
Thats right buddy, is not always utilizing the moment when panic selling occurs is the right thing, sometimes you also have to go with the flow when prices can continue to fall? don't be too greedy because it will only make your calculations in vain, use research first before making choices |
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Social media are the things we should not believe the most. The news is uncertain and sometimes it does not affect our portfolio too much. We should not listen to the words of journalists say, we have to design their own strategies to play with the market. That's the best way.
Not just on social media, its also true with news media look at CNBC everytime they would site a news on what would the expectation on BTC price the Opposite will always happen..Lol they have some use anyway, use them in reversed tactics Yeah don't easily believe in tips or predictions that are in the public, it's not necessarily true and maybe it's just for their profit, and don't believe the gossip of government media like on television, they just want to make the market situation worse |
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I'm in a fix! I took a quick loan to invest in a certain business that went really nasty. Used my only car as collateral. I only have less than a month to repay. In a nutshell, I need $5000 in less than 30 days. Got only $200 remaining. I know this is quite challenging but...I'm desperate. Any ideas on how to grow my $200? Cheers!
Bro ! If that would have been so much easy then you must have not needed this loan today or people might not have been around here to share such amazing mantra of getting rich. I am pretty sure that will take lot of efforts, help from friends and family to fill last minute quota of your loan and also some help from yourself. You should have been careful until you gotten so much trouble. Secondly there are no quickest ways to earn that much in short time. You can try different collateral and ask for loan over the forum with less interest rates and clear the dues. If you have special skills, of course you can make $200 to $20k or more, for example if you experience trading, you can double that money in a month, but if you don't have any skills, it would be very difficult to find a way to earn that much money |
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The problem is we dont know when this bearish trend will end, more than 8 month crypto market on bearish, and with this long periode should be already any sign this down trend finish and change to bullish. Although in bearish market, many altcoin was going up in big gainer like 1 to 3 times just a few days. So keep continue to trade with smaller balance is good idea to make some profit.
Thats true, we don't know how long this trend will happen? if it lasts up to 1 year, will you not trade up to 1 year lol, you know bearish doesn't mean prices will continue to down right, occasionally prices will rise a few percent even though small, but if you can use it, you can earn profit |
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yes I prefer profit from gold and silver because in my opinion this is more profitable than depisito savings which only gives me little profit
gold and silver are better than bank deposits, it's just that the safeguarding of both is very difficult, moreover it's very difficult to use. Well, but if you already have a lot of money, I think that's a good thing. Because at the bank you cannot avoid risks such as inflation and scam, currencies in every country are very vulnerable to inflation, even large countries like Turkey can experience it some time ago, so if you want to keep your money in long-term and safe then keep it in gold that has a stable price and avoid inflation |
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If you choose the full time crypto you need to be mentally prepared and you will need some funds like emergency fund and extra savings from the start because the market is unpredictable and things may not favor to you for that you need to build a long term plan on when and how are you going to distribute your labor and money between trading and bounty on signature campaigns plus you need to be fast in sourcing news about bitcoin to prevent further loss and have a much strategic approach on how are you gonna deal with the market to profit because this will be your bread and butter for the months to come.
Absolutely true. Challenges, indeed can destroy you if your not ready and prepared to this. I hope think and care for our future as much as we care for bitcoin. If you do work full time on bitcoin or crypto, you can't just go then empty-handed or without any preparation, make sure that you have an emergency fund that you can use when you don't get a profit every day, because we know sometimes the price is volatile and making profits is not necessarily you get |
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