Explain the income in bitcoin ?

[ace4549]

The company of bitcoin provides a high yield of interest to their investors which will accumulates a huge amount of return on capital in just short period of time.
From this they the only country who offers this kind of opportunity that can be a reason why many people in this world love bitcoin.

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[rasl.curt]

Since anything digital can be copied over and over again, the hard part about implementing a digital payment system is making sure that nobody spends the same money more than once. Traditionally, this is done by having a trusted central authority (like PayPal) that verifies all of the transactions. The core innovation that makes Bitcoin special is that it uses consensus in a massive peer-to-peer network to verify transactions. This results in a system where payments are non-reversible, accounts cannot be frozen, and transaction fees are much lower.

[doonik]

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?

Well that might take some understanding from your financial expertises or bankers .
Investing is the only and most widely known "job" known by the majority of world regarding bitcoin . You have to make them aware by giving them some proofs of the forum if you want to get it declared . If bitcoin is legal in your country they might not get into depth of the source if the amount is considerate and less than 5 bitcoins .               

[Tschorsch]

https://discord.gg/QRh8R6E Get free Bitcoins in our pumping group

[RealKhan]

If you are a US citizen/permanent resident, then your worldwide income is taxable.  The IRS doesn't care where and how you make the money.If you are living in another country, there are a lot of nice tax exclusions/deductions.  Also, if you are a professional bitcoin trader, there are also a lot of other next deductions.

[migolmigol]

Income in Bitcoin may come in different sources. I will give you the 3 main source I know to earn Bitcoins and be considered as an income when converted into fiat currency.

1) Signature Campaign- This is actually what I am doing now. Signature campaign is like a concept of advertising. You are going to wear an advertisement which is the signature and sometimes also with an avatar. The payments differ per ranks. The higher your rank the higher the pay will be. And payments are commonly made once a week. It may be per post or a standard payment weekly.

2) Mining- In this kind of activity you need to invest on a hardware and electricity. The concept is you are gathering transactions and the income is the transaction fee. I am not very familiar with the technicality but this I think earns a lot of you have a good miner.

3) Trading/Investing- Trading means you are a short time investor who buys and sells from time to time. While investing is when you hold it for a long term investment.

[Kingofbitcoin12345]

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?

Everyone should understand that every country has different approach or laws regarding taxation and better ask this in the local board you belong for a higher chance of having the full information from your countrymen.. In a country with no regulation like mine,, there is no such thing as declaring or paying tax on cryptocurrency.. I mean we are lucky enough for now but until when is a big question..

[biskitop]

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?

It's easy to explain that. Explain if we invest in bitcoin, or trading in bitcoin. Surely everyone already knows and understand, those who are also trading in forex, would also explain the same thing. "Profit from trading".

[Hamphser]

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?

Everyone should understand that every country has different approach or laws regarding taxation and better ask this in the local board you belong for a higher chance of having the full information from your countrymen.. In a country with no regulation like mine,, there is no such thing as declaring or paying tax on cryptocurrency.. I mean we are lucky enough for now but until when is a big question..

Good suggestion which is the best way to do for now which you should post on local board because people residing on that country will surely give you worthy answers. Taxation matter would really be entirely different on each country. Some would be strict some aren't too serious regarding on this matter which means cases would really be entirely different. And your question about on when they would strict and put compliance regarding tax then sooner or later we would really reach that thing.

[Kingofbitcoin12345]

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?

Everyone should understand that every country has different approach or laws regarding taxation and better ask this in the local board you belong for a higher chance of having the full information from your countrymen.. In a country with no regulation like mine,, there is no such thing as declaring or paying tax on cryptocurrency.. I mean we are lucky enough for now but until when is a big question..

Good suggestion which is the best way to do for now which you should post on local board because people residing on that country will surely give you worthy answers. Taxation matter would really be entirely different on each country. Some would be strict some aren't too serious regarding on this matter which means cases would really be entirely different. And your question about on when they would strict and put compliance regarding tax then sooner or later we would really reach that thing.

Exactly,, I’m not against regulation or taxation if only the government and our poor country deserve it,, if we can be sure that this won’t just go to waste and might go to the pockets of corrupt officials.. That this should be an equal or fair legislation to the bitcoin community and to the state.. I will surely support this move if those condition will stricly followed and execute.. Our countrymen also badly need help and through taxation we can help..

[daddypastes]

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?

more investing,more joining in legal signature campaign then it well be more income in bitcoin....must fucos to forum me join and let be participate all investing so we have earning to income in bitcoin..

[Granxis]

Small amounts are easy to win, but yesterday all Bitcoin investors had a hard time and investors had a fear of losing half of their investments. So getting more and more harder day by day is getting more and more.

[marielbeckham]

That was really helpful. Extremely short and clear answers.

[Habakkuk77]

The profit that we received from our jobs on bitcoins is considered as our income, and it depends on the country that we belong if the governments will impose a taxation on it. But it is better that the government would not impose tax on it because there are many officials who are corrupt. This is one of the reason I enter into bitcoin is to avoid tax from the government.

[yojodojo21]

The bitcoin which is called as income in any kinds of jobs you have ; is the so called wage or salary or whatever it is as long as it is a payment to what have you done in working. We have different kinds of jobs in the services section, you earn bitcoin if it is paying bitcoin, some are paying in dollars or tokens or bounties.  EVERY Job you applied that is legal then the payment you will be able to received is Considered LEGAL.

[rememberme15]

I've been asking this too,
Also, does one bitcoin take too long to collect? Since it costs much

[rememberme15]

Income in Bitcoin may come in different sources. I will give you the 3 main source I know to earn Bitcoins and be considered as an income when converted into fiat currency.

1) Signature Campaign- This is actually what I am doing now. Signature campaign is like a concept of advertising. You are going to wear an advertisement which is the signature and sometimes also with an avatar. The payments differ per ranks. The higher your rank the higher the pay will be. And payments are commonly made once a week. It may be per post or a standard payment weekly.

2) Mining- In this kind of activity you need to invest on a hardware and electricity. The concept is you are gathering transactions and the income is the transaction fee. I am not very familiar with the technicality but this I think earns a lot of you have a good miner.

3) Trading/Investing- Trading means you are a short time investor who buys and sells from time to time. While investing is when you hold it for a long term investment.

thanks a lot,  . i have heard about mining and trading
I've researched something about signature campaign here in the forum and i found out i wasn't involved in signature campaign yet for there are minimum rank requirements before i can join.

[mabell943]

based on my personal experience here in the company of bitcoins, you can gain or collect more incomes through trading .. Buying and selling gives you a high revenue. 
Other people tend to invest their earnings in some company which they provide a high yeild of interest for a high return on investment and other people hold their bitcoins to have a high intrinsic value.

[Quidat]

based on my personal experience here in the company of bitcoins, you can gain or collect more incomes through trading .. Buying and selling gives you a high revenue. 
Other people tend to invest their earnings in some company which they provide a high yeild of interest for a high return on investment and other people hold their bitcoins to have a high intrinsic value.

High Yield Interest of just simple HYIP isn't consider as a stable income or part of source on where you do gain bitcoin because most of them are all scams and also I would like to say that bitcoin isn't a company after all which you would be paid by it but rather you would really need still to do hardwork for you to earn. Income or taxation would really depend on your countries laws if they already implement such inclusion of cryptocurrency income.

[Ompyon]

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