uhmm,its a part of their plans they will tell other peoples that "Bitcoin is dead" so other bitcoin user will panic selling their bitcoin then some peoples buying bitcoin because it will get low value then they will get so much bitcoin then they just need to wait to bitcoin rise up again then sell they bitcoin in higher value  they will gain much profit by doing this  You are also right but there are some developers who have their own currency and they are thinking that they are able to replace their currency with bitcoin but they are at wrong because if bitcoin will survive then people will also believe on other currencies and if bitcoin is harmed then no one will believe on any crypto currency forever. That's what you called "you cannot please everyone", let them feel what they like beside it is not the loss of bitcoin but theirs, really hard to convince this kind of people who only like to see the failure of bitcoin, they do not know how valuable is bitcoin now. yes but i think most of them just want to turn down the price of bitcoin as they want to get the opportunity to buy bitcoin in a low price and therefore they are trying to fell down the price and then can easily buy bitcoin in low price. yes that is a fact and i am agree with you. |
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very honestly yes, i think it will really be consider as money laundering, and the reason is that most of the countries have not yet consider bitcoin as legal currency and still there is no tax on bitocin so if one is using it money transaction then it will certainly be consider as illegal activity . and will certainly be consider as money laundering.
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we do not have any tax on us for having bitcoins but while buying bitcoins we do pay a fess and maybe tax to those companies which are involve in that purchase and that companies do their work to collect the tax so you do not worry for that they will get the tax for their respective country.
yes that is a fact that we do not have tax on bitcoin but the only reason is that bitcoin is still not consider as legal currency by any government , therefore it in most of the countries people are using bitcoin illegally. but as soon as government will consider bitcoin as legal l currency then government must put tax on gambling. |
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Many ways to earn bitcoin, mostly people earn by signature campaign because that doesn't need any skills. But signature campaign won't give you big amount of btc.You should do trading to earn big because only trading can give you good profit in quick time.
Not only trading that can make you earn good profit, investing in an ICO is also good way to grow your bitcoin. Both are risky, it depends on how we choose where to invest or what/when to trade. yes that is right that both are trading and both are equal risky but i will add that gambling can also give a good profit to you if you have some good experience and skill in gambling, only depending on luck is also not a good decision, as in gambling there are so many games where your skill and experience is necessary. |
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as the price of bitcoin was trading round about 660 USD before the bitfinex issue but after bitfinex issue people start panic selling of bitcoin and the price of bitcoin reach to 500 USD, and after that market recover its position and was trading below 600USD for a long time, i think the reason was just the confidence fo the people, people were not interested to invest their money in bitcon becasue of lack of confidence, but now people start using it its mean that they have not got confidence on bitcoin.
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Definitely. Fiat currency is still alive. The earnings we have through bitcoin trading and investing is based on fiat value. And I am sure that you exhanged your bitcoin for fiat currency to buy things you needed. Computers, electricity, internet service, and gadgets that you use to earn bitcoin can be paid still by fiat currency.
yes that is a fact that most of the people are converting their bitcoins in to fiat for buying or doing shopping, actually the main reason behind this is that in most of the area there are no facilities of using bitcoin directly in local shops, but still there are too many opportunities of using bitcoin for online shopping. yes i a also agree with you and to me the main reason is that the number of bitcoin users are very low, as most of the people still even do not know about bitcoin that what is it. so i think people still need more knowledge about bitcoin so that they may take interest in bitcoin and can put their assets in bitcoin without any fear and reluctant. |
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If you convert your bitcoin to the fiat and then you should pay the tax since you are literally making profit by convert your bitcoin to fiat, however it's depend on which country you live due to rules and regulation of each country is different. Unless you don't need to pay tax when you hold your bitcoin on your wallet or transaction with them.
yes there is no tax on bitcoin directly but if you change your bitcoin in to fiat currency and deposit it in bank they you have to pay tax, actually bitcoin is not yet consider as legal in any country therefore there is no tax on bitcoin any where. yes that is right to say, as not a single country has yest consider bitcoin as legal currency therefore they are not putting tax on bitcoin but once it become a legal currency then they will certainly put tax on bitcoin, may be some countries are thinking about this to legalize it, and if once it become a legal currency then it will become more and more popular currency of the world. |
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It is when I was a newbie here and I have to buy something that bitcoin is the only payment on that site. So, I asked a friend if he knows someone that sells bitcoin and luckily he knows one. Then, I PM that someone and ask how much is his price in bitcoin and I was so happy because it is not that expensive. To be honest I've got a discount because that someone that I bought my bitcoin is in the same church as mine.
i normally use to buy bitcoin for investing in other sites, specially in alt coins and in gambling, for the first when i heard about bitcoin from a friend it really fell to me interesting as i already did work in stock exchange therefore it was not so difficult to me to learn about investing bitcoin and get benefit from it. |
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The price was very high ranged this year because of the fact that the halving was going on these days.
The halving never really was good this year so the prices never been reached.
iam agree, is every in end year bitcoin price can up in high but i think is op write is over optimis and confidence if bitcoin in 2016 can up until reach 1200 dollar, i think in end year 2016 bitcoin price is only 800 dollar $1200 price of bitcoin in the year end of 2016 would be impossible for me because look at the current price of bitcoin , we are on the last quarter of 2016 and yet the price of bitcoin is still $630+ and sometimes it decreases on some days thats why i could really say it wont reach that price point anytime soon. i think nothing is impossible in this world, and the second is that if you remember that just in 11 days the price increase to all time high price, so it is really possible for the price of bitcoin bitcoin to cross the all time high price at the end of this year 2016 or just at in th starting months of 2017. |
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for successful trading you need toget some experience about trading, you need to know about the currency or any other place where you want to invest and do trading, the second is that first you should invest a little money, you should start trading with a little amount of money and when get some experience then you should go for full fledged trading.
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yes exactly we can say that bitcoin is really a new step to for success, as bitcoin is becoming more and more popular as time pass, so if you have good money to invest in bitcoin you can really make good profit from it if the price is goes up. you can also make good money if you invest your bitcoin in alt coins as some alt coins have good potential to increase its price but you have to wait for some time.
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Bitcoin will not die anytime soon its here to stay.
As more and more people adopt bitcoin its price will increase and more people will start to adopt it. So this fuels the economy and the market capital increases. However bitcoin's backbone is the internet and in this era of blind so called "censorship" if the internet is brought down then only bitcoin can die in a more ironic sense.
but internet is the back bone of the global world therefore bitcoin cannot down for ever, but perhaps internet fell down for ever then people will find some other ways of bitcoin but bitcoin is not going to die, i think there are some people who are just spreading false news about bitcoin as they want to create panic in the market so that people start selling bitcoin and the price fell down and they find chance to buy bitcoins at low price. |
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In fact the use of bitcoin is banned in some countries but I think selling bitcoin excluding illegal action because there is no legal binding that if you sell or buy a bitcoin will be in prison.
can you mention the names of the countries where bitcoin is banned? and if their users are using it they put them in prison? and the second is that do you know about any one happening when any government arrest a person for using bitcoin illegally? for me i think i never hear any official announcement that any country have banned the use of bitcoin. and never seen any person who has been charge by the government for using bitcoin. |
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It is indeed a sad news, bitcoin supposed to be a freedom currency that can be used without the control of the government, however some selfish person used it illegally and breaking the country laws, that is why some of the country forbid it, if we can increase the bitcoin reputation i think it will wonderful to be able to use bitcoin everywhere
no i do not think that it is a bad news that it is not under the control of government actually it is a universal currency and therefore it cannot be under the control of any country yes that is right to say that bitocin is a universal currency and is decentralize, therefore is is not under the control of any state or country. and that is the beauty of bitcoin that it has the same value in all over the world. yes that is true that bitcoin is a universal currency and people from all over the world using it with same value everywhere, but still in different countries the behavior of the people is totally different with bitcoin, as some people thing it as just the wastage of time, while in other areas where there is some knowledge about bitcoin, they are considering bitcoin as one of he most import part of their lives. |
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i do not think it is correct o holding bitcoin is against the law, to me if have i invested my fiat and buy bitcoin so the bitcoin bought is my property and i am the owner of it, and it, thereof no restriction to hold bitcoin for a particular time, therefore i can hold my bitcoin up to any time.
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very honestly i have no idea about Paypal actually i have never use it and have no account in it, i have heard from my friends that paypal service is regional and not universal, ans it is also banned in some countries therefore to me bitcoin is too good from paypal as because bitcoin is a universal currency and you can find its service in all over the world, and i think the number of bitcoin users will also be more than the users of paypal
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Gambling can be profitable but its really depending on what is gonna happen with your luck, if you have the luck you can do it but most likely you will lose a lot of money instead.
Gambling is really a game that should not be profitable too because its simply not..
I think it can be profitable if you are the owner of the site or gambling casino but if you are just a gamblers you will not experience to make a good profit if you are gamble daily.. its not a good for long term it can result of losing all of your funds.. b yes it depending on your way of playing gambling, if you really play gambling for your whole fund then there is a chance to lose your whole fun, but to me you have to play gambling in a strategy, you must make a plane for your gambling, and only then you can minimize your gambling and can make some money in gambling, otherwise you will really lose money in the end. |
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In a few months bitcoin price never can't break $650 maybe it's the time we must lose a hope to seeing bitcoin price touch $700 in this year.
No need to lose hope, but the point is that the majority of the people here expect too much from the price. Reaching $700 this year is a realistic possibility as there are more than 2 months to go before this year ends. But hoping for prices higher than $700 is more like wishful thinking. I think $700-$720 will be the peak that we will see in the remaining time of this year, and after that it will settle below $700. i think in this year bitcoin incraese price until 700 dollar every one bitcoin is easy my prediction bitcoin can inrcrease until reach in 800 dollar every one bitcoin in end year 2016 yes no doubt that bitcoin price will increase more that 1000 USD at the end of 2016, but above 700$ bitcoin can take a little correction and the price will come down a little but it will be temporary down fall. and after this price of bitcoin is gong to cross 800 USD. |
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in present time as we can see that US Dollar is one the most stable and popular currency of the world and most of the countries economy is depending on it, but as the new generation are interested in online trading therefore they need a digital currency which will be more convenient for them to use, therefore i think bitcoin is the best option with them and hope that bitcoin will be the new currency of world currency.
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Currently, you don't have to pay tax on bitcoins. However, as long as the number of people using bitcoin keep rising, i think the government will develop a system which require users to pay money to use bitcoin. Well, the government can do anything that they want. Trust me
but i think the government cannot develop a system to impost tax on bitcoin until they legalize it, and still i do not think that any country has officially legalize bitcoin, i think still any government given any statement about bitcoin that either it is a legal currency or not, and therefore still there is no tax on bitcoin. may be in future when government when the government will legalize bitcoin will think about to impose tax on bitcoin. |
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