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Author Topic: Explain the income in bitcoin ?  (Read 1278 times)
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January 21, 2018, 05:10:40 PM
 #61

For me the most profitable would be mining, that is if you got the right tech in your place. It is what i am earning for right now, as the price is now increasing. It might be late but at least it is a start. Participating in services bounties and tokens for me, is just a minor earning but at least it is a good start for people who really doesnt have enough money fot mining.

For bow I dont know what is mining really all about and I think I will stay still in signature campaigns which was the plan inside my mind, I sfay here feels so home and private that will make more peaceful.

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There are several different types of Bitcoin clients. EWallets such as Coinbase are like banks -- a central organization has complete control over your money. You shouldn't put much money in EWallets.
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January 21, 2018, 05:22:57 PM
 #62

I think it depends on each individual, because every country has different laws about regulation in bitcoin,
so it will be difficult to equate perception

My government is not agree with bitcoin so they absolutely disagree to make bitcoin as salary or income.
Their decision is wise enough because they want protect people from bad attempt that can be cause by bitcoin
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January 23, 2018, 07:25:30 PM
 #63

my opinion about this bitcoin is an advancement for technology in today's world, and it is from this bitcoin that will enliven all the bitcoiners around the world in self-employment.

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January 23, 2018, 09:05:46 PM
 #64

Tax regulation on crypto-currency is not clear in my country. But I will pay the taxes as per tax slap declared by Revenue department on the money that I cash out in Fiat.

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January 23, 2018, 11:45:18 PM
 #65

my opinion about this bitcoin is an advancement for technology in today's world, and it is from this bitcoin that will enliven all the bitcoiners around the world in self-employment.
You didn't even read out on whats the thing being said on op.Its not about the transition of bitcoin into employment thing but talking about the income itself on how to declare those stuffs.

Tax regulation on crypto-currency is not clear in my country. But I will pay the taxes as per tax slap declared by Revenue department on the money that I cash out in Fiat.
When we do earn some amounts on bitcoin then us people do have the decision if we do sensible enough to pay up taxes voluntarily without the need of regulations which government should supposed to do. Tax is an obligation and even if we do earn on bitcoin we do still end up on exchanging them into fiat.

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January 24, 2018, 07:11:37 AM
 #66

Many people earn income in bitcoin through investing their money, holding it and wait the perfect time to sell it. Through this they can obtain instant money for less effort.

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January 24, 2018, 09:20:09 AM
 #67

This is a legal issue no one has been able to answer me about

If you win bitcoin with investment, it's easy to declare

What about bitcoins you earn from jobs  ( bounties, regular incomes for helping teams in moderation, etc.) ? It is a job and an income but in bitcoin, so how is it considered and declared?

Naturally, it will depend on jurisdiction, but it is certainly possible to receive your payment in material things. In that case, your payment should be declared as the monetary value of the goods received. So if you receive your payment in Bitcoin, it should be the market value of the amount received on the day that you got paid with bitcoins. But it makes sense only if Bitcoin is not illegal in your country, of course. Otherwise, you can't be paid in Bitcoin.

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January 24, 2018, 09:25:06 AM
 #68

When the government of a concrete country will tax crypto currencies' income I think that this fact is going to be announced in advance on many channels. My strategy is to wait and make bitcoin without any taxation till the law of taxation will not be accepted, and after I will think of my next move.
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January 24, 2018, 09:54:30 AM
 #69

Tax regulation on crypto-currency is not clear in my country. But I will pay the taxes as per tax slap declared by Revenue department on the money that I cash out in Fiat.

Yes, that is the right way we have to follow our countries rules and regulation until they declare about the new slab of tax. Like South Korea, i hope every country will start accepting bitcoin as a payment method but they will collect huge taxes o it.

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July 21, 2018, 07:27:24 PM
 #70

Bitcoin is a good asset, however, right now it is on a wave, but it is difficult to predict what will happen tomorrow. Therefore, the smartest way to invest in digital assets is to build a diversified portfolio. Such a portfolio would likely include a substantial holding in bitcoin and small exposure to promising tokens. I have found a trustworthy project. It is called Socratus.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. Their main aim is to create a win-win insurance whereby you get instant claim payment,  fair and transparent dealing and friendly prices.
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Today at 11:34:02 AM
 #71

This is a legal issue no one has been able to answer me about

If you win bitcoin with investment, it's easy to declare

What about bitcoins you earn from jobs  ( bounties, regular incomes for helping teams in moderation, etc.) ? It is a job and an income but in bitcoin, so how is it considered and declared?
I get bitcoin earnings from a signature campaign, paying a bit of bitcoin each week, because I happen to be a trusted site member so that this earnings can stay. As well as some I get from buying and selling bitcoin in some exchanges that I happen to make a wallet to store my bitcoin...

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Today at 12:08:37 PM
 #72

By analyzing it, i see that it carries the same law. Earnings from investments and salary on services are all classified as income. One is passive and one is active. Same income tax law will apply if a person declares it depends on the percentage their country has. Its both an asset anyway.

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