1221
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Economy / Economics / Re: Bitcoin treated as money in Australia from 1. july
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on: May 18, 2017, 10:02:07 AM
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I am not sure about this topic but read some of the post replies and sounds just great about it. I am amazed how Australia have managed to get it as legit and public currency across its country. This will lead their government to be more careful about their own currency as bitcoin is far away costly and decentralised from local currency. What if people in there stops using local Australia currency and use only bitcoins? It can lead to disastrous effects on their local currency and dropping its value like crazy. The government may fall for it.
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1222
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Alternate cryptocurrencies / Altcoin Discussion / Re: What's the best Altcoin to invest in?
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on: May 18, 2017, 09:57:00 AM
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#ETH looks good for me as well. You can also check out poleinix and Ltc for better results. However ether is top most for myself. Other coins are like hog in cog and really don't promise the profit. Ether is working simultaneously with bitcoin value and stands out amongst other coins that is what I like most in it. Also the progress is very slow for getting profits but it is for sure.
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1223
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Economy / Trading Discussion / Re: Bitcoin Market Making
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on: May 18, 2017, 09:51:30 AM
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There are lots and lots of type for bitcoin market. Whether you want exchangers, trading, gambling or do you want gaming platforms that provide bitcoin markets. Or whether you interested in mining market of bitcoins where high tech miners used to create large farms of bitcoin mines. Well all these are directly and indirectly same but has potential difference in terms of their own market. You should be more specific about the market you want to know about.
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1224
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Economy / Trading Discussion / Re: Where I can learn Bitcoin Trading?
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on: May 18, 2017, 09:45:46 AM
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Well internet is big learning hub and you can also check lots of demo accounts on trading platforms. Using them you can make your own strategies on how to perform successful trade. I usually follow buy at low and sell at high. I don't go in big messy parts and it is real headache for me. Lol. Well I enjoy small profits so it is all about your personal situation and how you want to be in trading market.
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1225
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Economy / Trading Discussion / Re: Tips for local transactions
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on: May 17, 2017, 10:41:09 AM
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It felt like reading personal banking system terms an condition. Very impressive information about local trading. I would never had thought like that way. Some points are really good in terms of safety while performing trading face to face. It is always good to have public place with public around. I think this will also gain us potential traders in the market and we can communicate directly about the fees and mode of transfer. Cool topic. Loved reading it.
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1226
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Economy / Economics / Re: Prediction for 2017 - share your views
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on: May 16, 2017, 03:00:45 PM
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I guess you know the answer already as we stand here in 2017. Hope you had saved some bitcoins for you when you posted this post. I mean just look at it, it is three times more than your prediction and you would have earned twice the amount you invested as pure profit. That is so cool to imagine about it.
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1227
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Bitcoin / Project Development / Re: Let's Create a Virtual Country
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on: May 16, 2017, 02:56:11 PM
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Wow that is a good project I see there. Bit land could be great currency as you looking after its creativity personally. I liked your point that it would be used for trades in different way, lending, and all could be different things as long as it builds trust amongst the people.
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1228
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Bitcoin / Legal / Re: Paying TAX
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on: May 16, 2017, 02:44:31 PM
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In the US:
Mining income is taxed as ordinary income at the price on the day and at the time you mine the coins.
Profit/Loss while trading is taxed as a capital gain or loss.
I have paid the income tax on all the coins I have mined and the capital gains tax on all of my trading.
It is good to know that we have to pay taxes in US. In some part of the world of countries where bitcoin concept is not that popular are still tax free. I hope it gets equal everywhere one day so that transferring of bitcoins will be easy from one country to another.
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1230
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Economy / Economics / Re: Best way for steady income
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on: May 15, 2017, 06:32:32 PM
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Well it is not that easy online. For me time being I tried lot of things to get passive income from internet but mostly I came across scam sites and ways to do that. Bitcoin might stand a chance to give us opportunity to earn that kinda money but I doubt. In short term it can't achieve that as bitcoin grows steadily but slowly slowly. For future stability we can try out bitcoin saving startegy and earn something for us for the day of retirement.
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1231
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Economy / Trading Discussion / Re: Earning with BTCs?
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on: May 15, 2017, 05:37:40 PM
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You can invest your bitcoins in mining industry. There are lot of mining services who will share their profit with you. But only thing is there are only few who are very much trusted. If you find a good source of miner then you can join and invest your bitcoins (not all) and then let them grow as the time is passing. This is a good strategy as long as you finding some good and trusted miners around the internet. That's easy money.
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1233
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Economy / Economics / Re: Why not just print dollars?
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on: May 14, 2017, 06:07:30 AM
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It's like very common stuff to do really. It has regulations by government and it costs you money to print money. Bitcoin is rare and has value way lot than any other currency.
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1234
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Economy / Economics / Re: Why not just print dollars?
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on: May 12, 2017, 05:08:50 PM
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It's like very common stuff to do really. It has regulations by government and it costs you money to print money. Bitcoin is rare and has value way lot than any other currency.
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1235
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Economy / Economics / Re: Bitcoin or gold?
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on: May 12, 2017, 05:05:55 PM
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Done with gold life now it is the time to invest into bitcoins and get a good retirement I guess. Bitcoin is getting promising these days and it was already that kind to provide lots of profits in the past. I'm trusting it more and more now as it is growing like the time! It will expand its value beyond our imagination and it is an opportunity to invest in it. So I will put my money into bitcoin only.
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1236
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Economy / Economics / Re: how i start a bussines with BTC
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on: May 12, 2017, 05:02:06 PM
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Well it is kind of currency so it does not really make it new. You can start any business with it as long as all the members and team workers are accepting payments in the form of bitcoin. If you asking something to start as bitcoin generation then you can go with mining I guess. These days it is hard to mine the coin but you can always come up with good plans and set up if you have that much btc in your wallet.
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1237
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Economy / Economics / Re: Switzerland as a bitcoin haven
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on: May 10, 2017, 05:40:53 PM
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Sounds cool when Switzerland comes up with something new as it has done always in the past. It is well known for black money and wallet of richest persons in the world. Bitcoins are in the queue really to enter into Switzerland world where it will be grown like their own currency and fat wallet storage.
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1238
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Economy / Economics / Re: Which one is good, trading or investing?
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on: May 10, 2017, 05:38:13 PM
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I would love to invest on bitcoins rather than trading them into risky market. Also investing makes me sure that I will have what I have put into bitcoins because I have to loose nothing with that strategy. I can just wait and watch bitcoins price to go up high and exchange it for hard cash. That is as simple as it sounds.
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1239
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Economy / Economics / Re: Investing money on bitcoin..!
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on: May 10, 2017, 05:36:14 PM
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Oh yeah it's not a good approach but it is best strategy to earn send profit. Bitcoins really works with formula of money makes money. This is what people are doing by investing into bitcoins. I have myself invested some bucks on bitcoins when it was nearly equal to 1100 dollars and look at it today 1 btc = 1600 dollars clearly Ihave made some few extra bucks. :-)
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1240
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Economy / Economics / Re: Why 21BTC seems to be the target of anyone??
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on: May 10, 2017, 05:32:44 PM
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I am reading all the replies to this thread and got so much knowledge about 21 btc myself. It is good to know send facts such as 21 stands for number of bitcoins holder in the world and limitation of bitcoins production. Let's hope it increases in the number in near future.
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