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Author Topic: Government put on tax on bitcoin  (Read 2741 times)
CrazeCoinz
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January 07, 2018, 12:00:40 PM
 #241

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
This will create a little discouragement on bitcoin enthusiast. But in the long run, people will go with the system.
I'm not against on that, as long as the government use that funds to protect the welfare of the crypto investors from hackers.
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sirkings0003
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January 07, 2018, 12:04:32 PM
 #242

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
This is not possible as it stands right now. Bitcoin is not centralized. This means that an individual or an institution can not control the events and happenings in bitcoin.

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jancukiyah
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January 07, 2018, 12:16:08 PM
 #243

Government is so impossible to put tax for bitcoin users, because we all know that no one of us show up our bitcoin. Just your own that know about your bitcoin. It's so difficult for government to know person who really have bitcoin. So for me, we haven't worry about this. Our government just want to make we panic.

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thenameisjay
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January 07, 2018, 01:03:53 PM
 #244

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

Profit will definitely decrease since the money you will be receiving from sending your bitcoins will really decrease hard because of the tax. The tax will be imposed on every transaction sent making your profits even lower than the usual pricing. But I do hope governments would not do this.

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January 07, 2018, 01:11:58 PM
 #245

In some countries that uses bitcoin to pay bills maybe they get transaction fees not taxes, in other countries that who doesnt use bitcoin in paying bills and buy something I think its not possible to put tax on it, however if something exist like that I would be a huge change for bitcoin users to have tax in every transaction aside for the huge fees.

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mininglegend1234
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January 07, 2018, 01:15:46 PM
Merited by MoneyIsDebt (10)
 #246

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

No it will not decrease the the profit you can earn through bitcoin. Tax should be done in bitcoin to have its legality official for all people and will not think that investing in bitcoin is scam. If there is tax the it means that bitcoin is regulated by government and accept bitcoin as part of tbeir economy and which also means that the government will not think to ban bitcoin is their country.
   
I don't think that would be possible. As it us based on the the concept of decentralization and no one can control it as Cryptos, especially BTC is much anonymous and decentralized. But if Any Government thinks such way, that also triggers a little hope - that country is thinking about cryptos in a good way and also looking to legalize it
Samsungnumbertwo09
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January 07, 2018, 01:22:11 PM
 #247

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 own opinion hmm i think if government put an taxes in bitcoin many investors will back out coz the price of bitcoin will decrease and coz we all know that one of the reason why we invest money in bitcoin coz there no taxes to get your profit 100% no less so if government put an taxes on bitcoin thats the result many investors will back out..
Pesona1
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January 07, 2018, 01:27:19 PM
 #248

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 own opinion hmm i think if government put an taxes in bitcoin many investors will back out coz the price of bitcoin will decrease and coz we all know that one of the reason why we invest money in bitcoin coz there no taxes to get your profit 100% no less so if government put an taxes on bitcoin thats the result many investors will back out..
I see it would happen if the government set a tax for bitcoin. many someone will sell bitcoin simultaneously before the time specified for bitcoin is taxed by the government. and it is very harmful.


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Dzernej
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January 07, 2018, 01:32:47 PM
 #249

I think there wont be any big difference if Government will put taxes on. I just hope that other governments wont ban ICOs because this can cause drop of interest.
shezu007
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January 07, 2018, 01:38:57 PM
 #250

Be remember bitcoin is decentralized and no country have authority to put tax on BTC because bitcoin is not under control of any one. And maximum number of people are using bitcoin because bitcoin is tax free and if bitcoin is to be taxed then their users will be reduced in number because people are also giving high taxes to bank systems.
thecryptillian
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January 07, 2018, 01:47:15 PM
 #251

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

Please don't use Bitcoin and Tax in the same sentence.
racham02
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January 07, 2018, 02:05:46 PM
 #252

If the Government makes a taxes on Bitcoin for sure there's are so big imfact to those users on Bitcoin, but it is impossible for bitcoin to be taxed in the government because bitcoin it so much popular all over the world and also useful currency now.

vionas
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January 07, 2018, 02:26:18 PM
 #253

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 a tax on bitcoin it means the government legalizes bitcoin. Transactions will surely be eashed on the country, but on the other hand there will be some who will leave bitcoin because income from bitcoin will be cut by tax.
Thecryptocurrency09
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January 07, 2018, 02:51:59 PM
 #254

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

This is a good question. Here in our county, bitcoin is becoming popular. This popularity shakens not just ordinary people but even the government. News about it are flashing everywhere, which almost go into our school new here in college. But like what you have said, there is a possibility that they will involve a tax on it. So does, expect it as a normal or usual job after all.

Ariess
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January 07, 2018, 03:20:12 PM
 #255

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, there will be losses and also profit. always there for and loss, I do not think much about it, most importantly, bitcoin always gives me what I want and plan. and I will continue to engage crypto and bitcoin.
jackolinyoko
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January 07, 2018, 04:55:51 PM
 #256

This is ridiculous a decentralized currency is being taxed? this is why people do support more BTC its a threat to the banks and governments.

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January 07, 2018, 05:50:09 PM
 #257

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

Yes, I've heard that governments want to put taxes on bitcoin and I find it so unfair for users. Some government these days are ridiculous for they always look for taxes even if it is injustifiable. Transaction fees are already expensive, what more if they put taxes on it. I think it'll be hard for us users.

Tim2412
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January 07, 2018, 06:02:36 PM
 #258

From goverment side it is a only reasonable reason  to get control of this business coz it is so big community of huge amount of money, Smiley
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January 07, 2018, 06:07:49 PM
 #259

I find it natural that there is taxation on one's income. So Bitcoin is not an exception. Do you invest in Bitcoin since it has no regulation or since it implies profitable mechanisms? If second, there shouldn't be significant decrease in Bitcoin value.
Nrcewker
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January 07, 2018, 06:09:18 PM
 #260

i don't know it will work for government or not . just a quick question how government will detect bitcoin transactions

 
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