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Author Topic: Government put on tax on bitcoin  (Read 3330 times)
CryptoLoverz
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May 02, 2018, 11:57:25 PM
 #341

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours

I'm not saying it can not happen. All can happen to me. I would agree if the government imposes tax on bitcoins. Because according to me, with the tax applied by the government. Indirectly means bitcoin has been legalized by the government within a country. And all bitcoin users need not hesitate to future bitcoin in that country, in the future.
Dread Pirate Roberts
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May 03, 2018, 12:17:27 AM
 #342

If for from a bitcoin system I think it will not be possible. but if in the case of the so-called ownership and it is considered an asset that has a tax value. it could happen. I've read it is considered because the transactions in the inter-country it must be in taxes. hope it will not happen.

brengoskandel
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May 03, 2018, 12:17:37 AM
 #343

personally I think that this will be very difficult to achieve because the decentralization project is definitely a developer in blockchain aimed at cryptography market.we should all remember that bitcoin has emerged as the world's international currency and is not related to one currency of another country, thus giving some flexibility to operate on its own terms through investors and other large investors in ICO. the government of a state should legally claim the right to the currency working on its own borders and enforce appropriate legislation through their own parliament in order for this to happen. the government always talks about it until it happens.
buternasek
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May 03, 2018, 12:26:08 AM
 #344

I have never heard of any countries that tax a bitcoin. But, if it really happens then it can be ensured that the country has made bitcoin as a legitimate currency in their country for various transactions to be used. I dream of it happening in my country so I do not have to make an exchange to use bitcoin as a transaction tool.
reality18
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May 03, 2018, 12:35:51 AM
 #345

Imposing tax on bitcoin means the government has legalized it and users can use it any transaction within the jurisdiction of that government. However, once the government get hold of a share in bitcoin, the government tends to exercise some authority in the affairs and operations of bitcoin thereby shifting the paradigm from decentralization to centralization, which i think will not favor the crypto market in general.
airdnasxela
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May 03, 2018, 12:41:38 AM
 #346

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours
It could actually happen for the reason that if they considered it as your asset.  If it will be happen,  I think it will lose interest because it is now taxed and yes,  you will lose some of your income because of the paying of the tax. But as a system,  it would be hard for bitcoin to be taxed because of its decentralization.
rafit09
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May 03, 2018, 12:44:01 AM
 #347

There needs to be a better arrangement on this, of course, many people disagree with taxation on bitcoin, but the legality of bitcoin is likely to be legalized if there is a clear rule on this, so that bitcoin growth will grow normally and increase, throughout the country.
sneeze11
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May 03, 2018, 12:59:22 AM
 #348

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours



 I think that is a bad idea to put a tax on bitcoin, we all know that we love bitcoin because we can get our whole salary here rather than n a job there's a tax that you need to paid. There are so many users here that are disagree on putting a tax on bitcoin.
kabelpeggek
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May 03, 2018, 01:00:33 AM
 #349

I know government will after this bitcoin to be taxed, because there is a big money in here and it could really give them of what they wanted. But this things won't be happen if the bitcoin community will never give-up and still opposing government. Because once bitcoin become taxable, it could only lead to the government by controlling it and it's price will be affected. It could be possible also that more investors will stay away from crypto and shift into other investment. And with this, bitcoin will be called as decentralized and it's popularity will goes down.
MakLampir
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May 03, 2018, 01:04:05 AM
 #350

how much they will put tax from your bitcoin? i think its not much than what you get.
its good when government take profit from bitcoin by taxed all user. it will help to increase their economic and also develop their country. because with tax collected by government it mean they accepted bitcoin.
poisonivy77
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May 03, 2018, 01:23:22 AM
 #351

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours


Possible, the government could put tax on bitcoin if they were able to control or get hold of bitcoin and its investors. Once they get the hold it surely they will put tax on it.

UchihaRukawa
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May 03, 2018, 01:36:09 AM
 #352

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours

In my opinion, the government will definitely get their eyes on taxing cryptocurrency especially now that the world is being informed about cryptocurrency, so there are a lot of people who are actually benefiting in cryptocurrencies and we are not talking about small amount of cash here, we are talking about millions of money, and I think the government will find a way to take a share of those earnings.

israfil
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May 03, 2018, 06:18:39 AM
 #353

I want to make sure that Bitcoin should be legalized in every way because there is a lot of change in the use of Bitcoin. People who do not get jobs in the unemployed people run their jobs online, if the minimalist​ government can start VAT on it, we can use it, it is now impossible in many transactions which is very Restricted and hope that Bitcoin will be our main currency which will be accepted worldwide Bay.
Theodorre
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May 03, 2018, 06:29:29 AM
 #354

if in my opinion can apply tax to its transaction, with its per-transaction value is 1 Satoshi.

if for holders of Bitcoin it is not necessary to apply taxes because Bitcoin itself up and down its price.

so the core is the government can tax from the results of Bitcoin transactions to Altcoins, or Bitcoin to Fiat.
RedooX
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May 03, 2018, 06:35:02 AM
 #355

If a government put a tax on bitcoin this will be the disadvantage for us. Because when it's happend the government will get some of our income that may affect in our budget. But on the other hand it is also a good advantage for us. When government put a tax that means bitcoin is already legal. And when it became legal the us of it will be widen. And more benefits that we will get because bitcoin will be more popular to our country. But when government did not succeed to put a tax on bitcoin they will put a high tax for the accessories.
Quicksilver143
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May 03, 2018, 06:37:13 AM
 #356

If the government puts a tax on bitcoin, of course some users will lose their attraction on bitcoin. I don't think that it would happen because the government didn't know who to charge taxes. But I know there is a good side to happen if this happens. If they charge a tax on bitcoin of course most of the people on the government will know a lot about bitcoin and it is one way bitcoin can help in the government's economic needs.
orangy
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May 03, 2018, 06:40:18 AM
 #357

If the goverment put tax to bitcoin transaction, what will the consequences?

The profit will decrease and attraction also decrease in my opinion. How about yours

If the government imposes tax on Bitcoin, of course, it will make Bitcoin users panic, because now we all know that Bitcoin users use real cash to avoid taxation one of the reasons.
mix max
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May 03, 2018, 06:54:23 AM
 #358

If it happens there is a positive side, meaning the government has started to open and accept bitcoin or even legalize bitcoin. I think if the tax is worth it it would not be a problem as long as the legality is clear, and the possibility of interest in bitcoin will not decrease will increase.
KuyaBreezy
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May 03, 2018, 07:10:37 AM
 #359


The freedom Bitcoin has makes it almost impossible to trace its transactions and tax it, However, if the governments succeed in axing it, the freedom will be lost as it will now be under regulation and therefore its attractiveness as an independent venture will be lost. However, there might be positive consequences there will be more trust on bitcoins as it will be under the keen eyes of the government and the risks involves in investing in it reduced, this may in turn attract more investors on board which in the long run is a good thing.

MiukoOk
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May 03, 2018, 07:20:08 AM
 #360

If it happens there is a positive side, meaning the government has started to open and accept bitcoin or even legalize bitcoin. I think if the tax is worth it it would not be a problem as long as the legality is clear, and the possibility of interest in bitcoin will not decrease will increase.
Yes, it may be true that if the tax is applied to the MOF, perhaps the next time the BTC price will rise further, as the nature of the price includes taxes. Therefore, during this time not applied clearly, let's grab the opportunity to buy BTC right now.
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