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Author Topic: When Bitcoin will be taxed, will it still be as in demand as it right now?  (Read 1790 times)
Iyeman
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September 21, 2017, 09:10:46 AM
 #81

Just to let you know anything that is involved with receiving money in any form, that is counted as income is taxable by law. It does not matter what kind of money you receive it in. So i think bitcoin will never stop growing.
Even your salary was included in the taxation too and that already applied in my country. If there is a chance to take the advantage from something to get the money and why not? said the governors.

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Freezingel
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September 21, 2017, 09:48:49 AM
 #82

When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.

Does the bitcoin community is ready for this?
I think the demand for bitcoin will remain high. We are being taxed in form of the high transaction fee and i don't think additional tax will change anything.

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Nascor
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September 21, 2017, 10:25:43 AM
 #83

many are using Bitcoin for this exact reason, it's difficult to tax

Until now only about 800 BTC holders/year report their BTC earnings. Even if the government wants to tax it, they can't - at least not at this time

that's why the want to regulate the entire thing, once it's regulated things will be easier for the government
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December 22, 2017, 11:21:16 PM
 #84

In many countries, buying Bitcoin already is a taxable event, but that never was enough reason for people to stop buying it.
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December 23, 2017, 01:43:31 AM
 #85

Once the bitcoin was officially accepted by the different country, of course, they will file tax to it accordingly. For example here in the Philippines since this is a third-world country, they will use bitcoin as an asset that can help the country to develop more and face issues regarding economy.

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December 23, 2017, 02:12:09 AM
Last edit: December 23, 2017, 05:51:44 AM by Xanxus024
 #86

Of course even if the government put a tax on bitcoin people will absolutely patronize it, As long as people can get benefit on bitcoin the demand will definitely always high. The question is how can the government detect who are the users of bitcoin and besides bitcoin is not yet legalize but also not yet ban.  

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December 23, 2017, 02:22:03 AM
 #87

Of course even if the government put a tax on bitcoin people will absolutely patronize it, As long as people get can benefit on bitcoin the demand will definitely always high. The question is how can the government detect who are the users of bitcoin and besides bitcoin is not yet legalize but also not yet ban. 


Possible, bitcoin will be taxed if the government willing and create a law for a person who earn on it, but that is a long process. Bitcoin will still in demand because people depend on it and it is great help for us.

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Dodoymabs
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December 23, 2017, 02:36:50 AM
 #88

Of course even if the government put a tax on bitcoin people will absolutely patronize it, As long as people get can benefit on bitcoin the demand will definitely always high. The question is how can the government detect who are the users of bitcoin and besides bitcoin is not yet legalize but also not yet ban. 
This is the issue that is not yet solved until now. Btc community are trying to avoid the government tax but in any  other ways, some countries try to find ways just to get taxed from btc. Anyway, still btc is decentralized and I think eventhough government will success about btc to have taxes, still it will not affect the btc community.

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December 23, 2017, 03:21:16 AM
 #89

Something so fragile can't be tasked, it's not a fixed value, so it' impossible to tax any of your bitcoins

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December 23, 2017, 06:08:48 AM
 #90

When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.

Does the bitcoin community is ready for this?

yes i think bitcoin will become more stable as it is now controlled by a government and banks therfor the volatility of bitcoin will be declined or decrease then it could lead to a lesser demand because investors and traders could not make a descent income anymore. bitcoin will be then used as a secondary payment option and will be mainly used for buying offline and online instead of using it as a source of income or job (e.g trading , investing , mining )
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